Tag Archives: The Marq On Paterson Hill

SC Global’s Martin No. 38 conferred two awards at the SIA Architecture Design Awards

Posted on 24 May 2012 | Comments Off on SC Global’s Martin No. 38 conferred two awards at the SIA Architecture Design Awards

Martin No.38 – a warehouse themed development by SC Global Developments – was awarded both the prestigious ‘Building of the Year Award’ and the top Design Award within the residential category (apartments and condominiums) at the Singapore Institute of Architects (SIA) Architectural Design Awards 2012.

The SIA ‘Building of the Year’ award is the highest accolade conferred by the Institute, awarded across all categories of developments from residential, commercial and institutional through to industrial, transport and infrastructure.

Designed by Kerry Hill Architects, the industrial aestheticism of Martin No. 38 was inspired by the warehouse lofts of Lower Manhattan in New York and combines an urban architecture of raw concrete and base metal finishes to celebrate the rich textures and unadorned beauty of materials in their natural form.

The judges’ citation recognized the developments unconventional interpretation of luxury and commended its precise attention to detail “Martin No.38 is the most elegantly designed and well crafted building.”

They added “The form is clean and well-proportioned, providing sensible volumes to create good spaces and apartment layouts, beautiful lobbies, gardens and amenities.” The judges concluded, “Without a doubt, the architecture of Martin No.38 is arresting in its clarity, rich in meaning, and is ultimately a timeless contribution to Singapore’s architectural heritage.”

Two other developments by SC Global also received an Honourable Mention, clinching 2 out of the 3 awards conferred within the residential (apartments and condominiums) category.

An Honourable Mention was awarded to the ultra-luxurious condominium The Marq on Paterson Hill in the residential (apartments and condominiums) category, the only condominium in the world to have private cantilevered lap pools in every unit of one tower.

SC Global’s first commercial development Newton 200, an exclusive 9-storey luxurious office building also received an Honourable Mention within the commercial (office buildings) category.

Both developments were designed by SCDA Architects.

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In dollar terms, ‘09 home sales pale before record of ‘07

Posted on 30 Oct 2009 | Comments Off on In dollar terms, ‘09 home sales pale before record of ‘07

Volumes may be as high, but units sold this year are smaller and less expensive

Numbers tell only half the story. While developers are heading towards the record number of private homes sold in 2007, CB Richard Ellis says that the total transaction value of primary market sales in 2009 so far – at about $11.2 billion – is only about half the $23 billion worth of new homes sold in the peak year of 2007.

The smaller value of total private homes sold by developers this year reflects the fact that mass-market homes have hogged the limelight this year, unlike 2007, when the spotlight was on the luxury market.

Median prices per unit transacted, both in absolute dollar as well as per square foot terms, have also been lower this year compared with 2007. With the focus on small-format units to move sales, the median size of units sold so far this year is also smaller than in 2007.

CBRE based its analysis on caveats data captured up to Oct 27 in Urban Redevelopment Authority’s Realis system.

This year, the strongest quarterly showing was in Q3, when developers sold about $5.8 billion worth of private homes, up from $1.36 billion in Q1 and $4.05 billion in Q2.

This pick-up has much to do with the stages of recovery in home buying. Continue reading →

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Posted in Luxury Property, Property Price, Sentosa Property

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