Tag Archives: New Launch

More housing projects in the pipeline

Posted on 19 May 2011 | Comments Off on More housing projects in the pipeline

Developers continued to launch new projects in May, after witnessing a 29 percent month-on-month increase in private home sales last month.

Two new housing projects are set to be released this week — Belysa, an executive condo (EC) project in Pasir Ris, and Terrasse, a private condo development in Hougang. Both projects have a leasehold tenure of 99 years.

The Belysa project comprises a 16-storey block and two 18-storey blocks. It features a three-bedroom 829 sq ft compact unit, with prices starting from S$574,000. It also includes a 1,335 sq ft four-bedroom apartment priced from S$882,000, while a four-bedroom suite, the most expensive unit in the development, costs S$952,000.

An experienced real estate consultant described the project’s S$670 psf average price as within his expected range, given that the project does not include compact units, which can be sold for a higher psf price.

Meanwhile, Terrasse will be launched later this week at an expected average price of around S$950 psf. The five-storey project will comprise 414 units, including one- to four-bedroom apartments, five-bedroom penthouses and 15 garden duplex units (extended across the ground and basement levels).

In addition, Soilbuild Group will be soft launching North Spring BizHub at Yishun Industrial Street 1 on 23 May. The seven-storey general and light industrial development will provide direct vehicular access to every level, for containers up to 40 feet in length.

The 60-year leasehold project will include 454 units ranging between 1,507 sq ft and 36,511 sq ft, with prices starting from S$478,000, or approximately S$311 psf.

Colliers International said that the units are suitable for businesses from general, light and clean industries, including printing and publishing, R&D, warehousing, engineering and manufacturing.

Source : PropertyGuru – 19 May 2011

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Posted in Developers, New Launches

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The Boutiq sees huge demand

Posted on 21 Apr 2011 | Comments Off on The Boutiq sees huge demand

A consortium comprising Heeton Holdings, KSH Holdings and TEE International have sold 39 units at its latest luxury residential development, The Boutiq, located at 143 / 145 Killiney Road.

“Our collaboration with KSH Holdings and TEE International has resulted at the development that is set to revitalise the Killiney neighbourhood, and raise the bar in luxury urban living standards,” said Mr. Danny Low, Executive Director and Chief Operating Officer of Heeton.

Of the 52 units released in the first phase of sales, 75 percent have been sold in a soft launch. The freehold District 9 project near Somerset MRT station has a total of 130 units.

Mr. Low said that the developers are now offering home buyers around 10 percent discount off the list price. The prices will increase when subsequent phases are launched, as the discount is scaled back and more choice units are released.

“With its prime location, five-star hotel facilities such as porte-cochere (coach gate), concierge, welcome lounge, and well-designed lifestyle spaces, The Boutiq will be a compelling proposition for young professionals and cosmopolitan globe-trotters – anyone who appreciates the finest things in life,” he said.

Designed by Broadway Malyan Asia, The Boutiq’s architecture is based on the concept of chic boutique hotels around the world. It has a total area of 39,972 sq ft and occupies the historic Mitre Hotel site.

Units in The Boutiq, most of which are one- and two-bedroom units, range from 506 sq ft to 2,853 sq ft in size.

“Understanding the lifestyle needs of new-generation professionals, we have tailored The Boutiq to be an inner-city sanctuary that offers both the conveniences of city-living and the serenity of a private haven,” said Mr. Choo Chee Onn, Executive Chairman and Managing Director of KSH Holdings.

“We believe that this would appeal to the young and successful professional who would enjoy a bustling social life as well as desire a home where they can recharge after a long day’s work.”

KSH, Heeton and TEE hold stakes of 35 percent, 45 percent and 20 percent, respectively in the development. The three partners acquired the site of the former Mitre Hotel in 2009 for S$121 million to S$122 million, or approximately S$1,100 psf of potential gross floor area (GFA), plus a development charge.

Source : PGuru – 21 Apr 2011

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Posted in New Launches, Property Market / Real Estate

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