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"5
Min Walk To New Ion Orchard (Orchard Turn Mall) ... Yet Bask
In Peaceful Tranquility Of Leonie Hill ... Huge Capital
Upside Located Right Next To The Most Pricey Development In
Singapore - The Marq, Which Averaged Psf S$4000 At Launch!"
FACT SHEET
One single
triangular tower of 24-storey housing all the apartments and
6 units of 3-storey townhouses.
- Developer
: Guocoland
- Total
Units : 110
- Highest Floor : 24th
- Sizes
:
1 Bedroom ~ 710 sqft
2 Bedroom ~ 969 sqft
3 Bedroom ~ 1313 sqft
4 Bedroom ~ 1496/1658 sqft
Jnr P/hse ~
2000-2700 sqft
Duplex P/hse ~ 4800 sqft
Plus 6 units of 3-storey townhouses (3800-4100 sqft)
- Land
Size
: 83,000 sqft
- Expected TOP : Jun 2008
- Current prices : Psf
$2200-$2500
FACILITIES
Swimming pool
Kid's wading pool
Spa pool
Jacuzzi
Ecopond
Tennis court
Clubhouse with gym, function room
Kid's playground
BBQ arbour
Outdoor garden
Putting green
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?
- Located within 5 mins
walk from Orchard MRT station or the new Orchard
Residences, this is prime location along Paterson Hill
Road. It lies within an exclusive precinct of
Anguilla Park and is area which is home to many new
signature developments to be developed over the next few
years due to the huge no. of enblocs in the area in
2006. This includes some signature completed
projects or high-profile launches like Four Seasons,
BLVD Residences, The Marq which set record prices for
Singapore properties (see article below). Some
potential launches coming up in next 12-18 months
include enbloc site for Orchard View, Parisian,
etc.
- 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.
- Orchard road property prices will
stabilize at average psf S$4000 level for new projects by end
2008/early 2009. Huge upside now at psf $2500
level!
- If you have missed the run in
Orchard Road property prices from psf S$1700 to S$2800 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$4000! Growth rate will slow down
from 2009 onwards when more supply will be released into
the market.
LOCATION
Along Paterson Hill where it
intersects with Grange Road.
Search
for location
(key in property name in "Building"
field)
SITE PLAN
FLOOR PLANS
SOME RELATED NEWS
June 29, 2007
Singapore Straits Times
One unit at The Marq sold for record $5,100 psf
Its $31m total price is also likely to be the highest ever
paid for a single unit in S'pore By Fiona Chan. THE price of a condominium unit in Singapore has crossed the
$5,000 per sq ft (psf) mark for the first time.
The all-time
high was set by at least one apartment in The Marq on
Paterson Hill, the latest project by luxury developer SC
Global.
This 6,195
sq ft unit fetched $5,100 psf, or a total of about $31
million - also believed to be the highest price ever paid
for a single condominium unit, said SC Global.
All the 21
units released at The Marq been taken up, just a week after
SC Global said it would offer them at an invitation-only
preview.
The
apartments sold at the 66-unit development achieved an
average price of $4,137 psf, SC Global said in a statement.
Each unit
was priced at between $11 million and $31 million.
Prices of
luxury condominiums have soared to new heights since the
beginning of the year.
In March,
they crossed the $4,000 psf mark at CapitaLand's The Orchard
in Orchard Turn and two weeks ago, an apartment in St Regis
Residences in Cuscaden Road, developed by City Developments,
fetched a record $4,635.50 psf.
Even The
Marq's record may not last for long, say property experts.
As
Singapore's property developers start catering more to
'ultra-high net worth individuals' from around the world,
condominiums are likely to get more expensive, said Mr Ku
Swee Yong, director of marketing and business development at
Savills Singapore.
'We will
continue seeing more and more opulent types of developments
coming into the market, which will support continued growth
in capital values,' he added.
Despite the
roaring market, average prices of Singapore's most luxurious
condominiums are still below those in major cities.
In Tokyo and
Hong Kong, for instance, the average price of the most prime
apartments is more than $3,000 psf, Mr Ku said.
In New York,
it is $4,000 psf, and in London, it can go up to $9,000 psf.
The average price of luxury condominiums in Singapore is
about $2,000 psf.
The
record-setting apartment at The Marq was one of eight sold
in the development's Signature Tower, which boasts a 15m
private lap pool in every unit. Each unit takes up an entire
floor.
Although SC
Global would not disclose the nationality of the buyer who
forked out $31 million, it said that 65 per cent of The
Marq's buyers so far have been foreigners.
They hail
from Indonesia, Malaysia, Britain, China and India, the
developer added.
SC Global also said it has not yet finalised a date for the release of
the other units at The Marq.
>>
CLICK HERE TO VIEW VIRTUAL SHOWFLAT <<
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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