Tag Archives: Bartley Ridge

Where to find affordable, well-located condos

Home buyers looking for cheaper yet well-located condominium units are drawn to districts 13 and 14, which offer a central location and relatively lower prices.

In District 13, one of the most popular projects is the 868-unit Bartley Ridge . Launched in March, the 99-year leasehold condominium offers units at an average price of S$1,241 psf. Aside from the affordable price; the development is located near Bartley MRT station.

According to data from the Urban Redevelopment Authority (URA), average transacted prices at the development between December 2012 and last month stood at S$1,291 psf.

The four other projects within the district are smaller. Of these, 8@Woodleigh has the highest average asking price of S$1,627 psf.

Meanwhile, District 14’s top five popular condos comprise a mix of freehold and 99-year leasehold projects. Topping the list is Waterbank at Dakota which has an average asking price of S$1,615 psf. Offered on a 99-year lease, the 616-unit project comprises one- to three- or more bedders and is located near Dakota MRT station and the Circle Line. It also recorded the highest average transacted price of S$1,516 psf for the period from December to last month, noted the URA data.

Over at the freehold Vacanza@East, units at the 473-unit project comprise one- to three- or more bedders, with an average asking price of S$1,335 psf.

Rounding up the top five on the list are the 522-unit Simsville, the 348-unit Dakota Residences and Le Crescendo – a 228-unit condo.

Source – PropertyGuru – 4 Jul 2014

City Developments quarterly profit falls 12% to $137.6m

City Developments, Singapore’s second-largest developer, said first-quarter profit fell 12% after a one-time gain wasn’t repeated.

Net income slid to $137.6 million in the three months ended March 31, from $156.8 million a year earlier, it said in Singapore exchange statement today. Sales fell 9.8% to $763.5 million.

“The main reason for the drop in revenue was due to the Tagore Avenue warehouse that was disposed-off in the first quarter of 2012,” the company said in the statement.

Singapore’s private residential property price index rose 0.6% in the three months ended March 31, the slowest pace in three quarters after government curbs. The latest measures in January, the seventh round of curbs in about four years, included an increase in the stamp duties for homebuyers by 5 percentaage points to 7 percentage points.

The company’s shares rose 0.9% to $11.60 today. The results were announced after the close of trade. The stock has declined 9.5% this year, the worst performer among 41 developers and REITs on the Singapore property index.

City Developments started marketing two new projects in the quarter, the 912-unit D’Nest condominium and Bartley Ridge, a 868-unit joint-venture development, the company said today. It had rented out 94% of the space in its office buildings as of March 31, compared with the national average occupancy of 90.8%, it said.

The developer, the biggest shareholder of Millennium & Copthorne Hotels Plc, said last month its South Korea unit bought a 1,564-square-meter (16,834-square-foot) site adjacent to its Millennium Seoul Hilton Hotel for a new hospitality property.

City Developments opened its 240-room W Singapore Sentosa Cove hotel on Oct. 20.

Source : Edge – 13 May 2013