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"TOP
In Sept 07 ... Watch Out For This Project In River Valley
That Is Going To Be The Best-Performer In Q3... Prices
Expected To Reach psf $2200"
FACT SHEET
Strategically
located at the corner of River Valley next to Great World
City. It comprises of 2 tower blocks of 36th storey
with 4 units in each floor. The lowest floor starts
from 8th.
- Developer
: Wheelock Properties
- Total
Units : 228
- Highest Floor : 36th
- Sizes
:
Unit 01&02 3+1
Bedroom 1399 sqft
Unit 03&04 3+1
Bedroom 1324 sqft
Unit 05&06
2
Bedroom 1141 sqft
Unit 07&08 4+1
Bedroom 1679 sqft
- Land
Size
: 112,859 sqft
- Expected TOP : Dec 2007
- Current prices : Psf S$2000
(low floor) to S$2500 (high floor)
FACILITIES
40m lap pool
Jacuzzi
Spa deck
Sun deck
Open pavilion
BBQ pits
Reflexology path
Children's pool
Children's playground
Formal lawn
Resident's lounge
Reading sanctuary
Indoor gym
UNITS AVAILABLE FOR SALE
Various units of different sizes 2, 3, 4 room cum penthouses
that gets updated from time to time.
Pls contact me for currently available units & price
updates.
(65) 9106-5661
darrenG@singnet.com.sg
WHY BUY?
- Typically there will be a superb
run-up in price after projects TOP as it opens up to
another group of buyers who wish to move-in (not
short-term speculators) or traditional investors looking
for good rental yields. For example going by the
experience of Urbana which TOP in Apr'07, the run-up has
been spectacular from psf S$1500 to 1900 within the 1st
month as buyers who viewed actual units saw the splendid
seaview (of Marina bay & city skyline) and gladly
paid the premium for it. Lower floors'
appreciation will be smaller but still decent
considering the short time.
- Nearer to TOP, some sellers may
also be more willing to let go of certain units in order
to cash in on profits without drawing down on full loan
for 65% of payment.
- When Orchard road prices
stabilize at average psf S$4000 level for new projects by end
2008/early 2009, River Valley properties will hover at
psf
S$2500-3000 level. Plenty of upside!
- If you have missed the run in
River Valley properties from psf S$1000 to S$1800 in the
1st 2 years of the property bull cycle (started late
2004), we are now entering year 3 in
2008, don't miss
this run to psf S$2500-3000! Growth rate will slow down
from 2009 onwards when more supply will be released into
the market.
LOCATION
At the junction of River
Valley Road and Kim Seng Road.
Search
for location
(key in property name in "Building"
field)
SITE PLAN
FLOOR PLANS
>>Click
here to see floorplan for Unit 01&02 (3+1
bedroom)<<
>>Click
here to see floorplan for Unit 03&04 (3+1
bedroom)<<
>>Click
here to see floorplan for Unit 05&06 (2 bedroom)<<
>>Click
here to see floorplan for Unit 07&08 (4+1
bedroom)<<
SOME RELATED NEWS
Business Times - 19 Jun 2007
Pacific Mansions put on the market for $1.18b
At $2,400 psf ppr, asking price tops transacted price of The Ardmore
By ARTHUR SIM
MORE billion-dollar property deals could be on the way if developers
continue to see upside in the collective sales market.
With $1.5 billion already asked for Farrer Court in the Holland area,
Pacific Mansions in River Valley is now on offer for $1.18
billion or about $2,400 per square foot per plot ratio (psf
ppr).
The 45-year old residential development is on a site of 128,306 sq ft.
Savills, which is brokering the collective sale, says
approval has been granted by the Urban Redevelopment
Authority for a redevelopment up to a permissible gross
floor area (GFA) of 493,223 sq ft.
This exceeds the permissible plot ratio of 2.8 as indicated in the 2003
Master Plan. Therefore, no development charges are payable.
At $2,400 psf ppr, Pacific Mansions will cost more than The Ardmore
which was transacted at $2,338 psf ppr on Sunday.
Savills Singapore director of investment sales Steven Ming says the
price of Pacific Mansions reflects a potential 130-unit
'super luxury' development with units of 3,800 sq ft each.
Based on a 130-unit luxury development with a breakeven cost of $3,200
psf, the eventual launch price could be around $3,600 psf,
adds Mr Ming.
Earlier this month, Soilbuild sold eight mid and upper-floor apartments
at Leonie Parc View for $3,000-$3,400 psf, and Mr Ming
believes the nearby River Valley area will benefit from
this. 'River Valley is undervalued, given its proximity to
Leonie Hill,' he said.
Whether the Pacific Mansions site can support these prices will be known
when the tender closes on July 26. Savills will also be
marketing the site through its offices in Hong Kong, China,
Japan, Europe and the UK.
The owners of Pacific Mansions could each make $2,200 psf of strata area
- an estimated premium of 140 per cent to the average
current transaction price (since January) of about $900 psf.
The tender for Farrer Court closes soon. It is being marketed by Credo
Real Estate, whose managing director Karamjit Singh says a
deal could be announced as early as next week.
Meanwhile, Credo has said it is marketing a landed residential
redevelopment site in Sixth Avenue with an indicative price
of $72 million to $74 million.
Called Dynasty Garden Court 1, the development comprises 18 units of
walk-up apartments housed in two three-storey blocks. The
land area is 69,017 sq ft.
Mr Singh says that according to a study by an architect Credo
commissioned, the developer could possibly configure 20
pairs of three-storey strata semi-detached houses on the
site at an estimated selling price of $3.5 million each.
TO
YOUR REAL ESTATE INVESTMENT SUCCESS!
Darren Goh
ERA
Your Real Estate Partner
(65) 9106 - 5661
darrenG@singnet.com.sg
Disclaimer
:
This article represents solely my personal view and care
should be exercised by you in your property purchase which
should be based strictly on your own due diligence and
judgment. I do
not represent that you will certainly make money on any part
of my advice and I cannot be held liable for any losses,
damage or failure in your property transaction now or in the
future. When
figures are quoted, the sources will be credit-mention based
on best of knowledge.
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