Location: Tong Watt Road, off Mohd Sultan Road
Tenure: 999 years leasehold
Expected Completion: March 2013
Site Area: 76, 956 sq ft
Plot Ratio: 3.8
Description: 4 tower blocks of 10/14/15/23 storey and 13 retrofitted houses
Total Units: 186

Unit Types:

2 bedroom ~ 1012 to 1130 sqft, 110 units
3 bedroom ~ 1313 to 1733 sqft, 54 units
4 bedroom ~ 2196 sqft, 4 units
Penthouse ~ 2745 to 5565 sqft, 5 units
Houses ~ 4478 to 4930 sqft, 13 units

Price: Estimated $1500+ psf

Special Feature: Situated on high ground, there are 13 Vintage Houses conserved in their entirety, providing a pleasant contrast to the contemporary structure of the apartment blocks sitting behind. Apartments are furnished with branded kitchen & appliances

Facilities: sky terrace on the 24th floor, with outdoor cooking pavilion, overlooking the breathtaking city skyline.

Interest absorption & stamp duty reimbursement for early birds!

Email robertsonquayhomes@gmail.com for preview invitation.

Location: Lincoln Road (District 11)
Tenure: Freehold
Site Area: around 40,000sqft
Total Units: 85
Unit Types: 1, 2, 3, 4 bedrooms and penthouses

Price: from $1650psf for special preview

Facilities: pools, bbq decks, spa features, playground, etc.

Currently opening 18 units for sale on levels 3, 5 & 7

Sizes are 1 bedroom loft @ 990sqft, 2+1 loft @ 1302sqft & 3+1 loft @ 1636sqft.

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Location: Martin Road
Total Units: 91 units in a 15 storeys high block

Unit Types:
1+1, 2 bedroom ~ 969-1,130 sq ft
2+1, 3 bedroom ~ 1,335-1,485 sq ft
Penthouses

Martin No. 38 is designed by award-winning architect Kerry Hill. It is based on warehouse lofts in New York and London and features high ceilings and seamless interior spaces.

An austere and beguiling industrial aestheticism pervades the details of this development, from the blackened tap fittings to the sheet-metal panels in the bathrooms, with their exposed bolt heads, unplastered interior concrete walls, exposed plywood edges of the cabinetry and acres of unvarnished timber.

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The company said in a statement yesterday that the 91-unit development in Martin Road, near Mohammed Sultan Road and Clarke Quay, will mostly comprise one-plus-one bedroom and two-bedroom apartments ranging from 969-1,130 sq ft. There will be a limited number of larger two-plus-one and three-bedroom apartments, ranging from 1,335-1,485 sq ft.

Knight Frank director (research and consultancy) Nicholas Mak said the pricing appears a little 'bullish' but the developer may feel the project's 'design' merits this.

A unit in nearby Robertson Blue sold recently for around $1,800 psf, he said.

And in March, it was reported that about 30 units at Martin Place Residences in Kim Yam Road sold for an average price of of about $1,800 psf after discounts.

SC Global is best known for developing high-end niche projects. And according to its chairman and chief executive officer Simon Cheong: 'There is always room for the right product. Martin No 38, with the SC Global reputation for quality, will be unique and original. We are confident it will be well received.'

The development is designed by award-winning architect Kerry Hill. It is based on warehouse lofts in New York and London and features high ceilings and seamless interior spaces.

SC Global says: 'An austere and beguiling industrial aestheticism pervades the details of this development, from the blackened tap fittings to the sheet-metal panels in the bathrooms, with their exposed bolt heads, unplastered interior concrete walls, exposed plywood edges of the cabinetry and acres of unvarnished timber.'

SC Global bought the site in 1999 but deferred development until the area had 'rejuvenated itself and the context for this housing concept became ripe'.

SC Global projects under construction include The Marq on Paterson Hill and Hilltops at Cairnhill. The group has a landbank of more than 1.1 million sq ft of gross floor area in the Orchard Road and at Sentosa Cove.

Source : Business Times - 13 Aug 2008

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Like warehouse lofts in Lower Manhattan, the flats will feature high ceilings and seamless interior spaces that can be separated at will, using walls that slide and hide away.

And unlike traditional high-end developments here, Martin No. 38, as the project is called, will have a more rugged design of raw concrete, base metal finishes and unvarnished timbers.

Australian architect Kerry Hill is designing the project, which is on the site of a former warehouse near the Singapore River.

The freehold development, which will be launched later this year, will be 15 storeys high with 91 units, including four penthouses with pools.

Most of the units will be small - from 969 to 1,130 sq ft each - but there will be some larger ones of 1,335 to 1,495 sq ft each.

SC Global is aiming to sell the units at an average of $2,000 per sq ft (psf).

Prices of projects in the same area are around $1,200 to $1,850 psf, according to Knight Frank. Newer projects like 8 Rodyk cost more - a 721 sq ft apartment sold at $1,800 psf last month.

But market sentiment remains weak, with buyers staying away, especially from the high-end sector, which surged dramatically last year.

Prices have since slipped while activity has slowed considerably. But there is always room for the right product, said SC Global chairman and chief executive Simon Cheong, who is confident Martin No. 38 will be well-received.

SC Global bought the site in 1999 but said it deferred development until the area was rejuvenated and the concept of warehouse lofts became viable.

Source : Straits Times - 13 Aug 2008

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Prices: $880 per sq ft (psf) on average. They start from $700,000 for the two-bedroom apartments and from slightly over $1 million for the three-bedroom units.

Units: The two-bedroom apartments come in sizes of 829 to 1,033 sq ft, while the three-bedroom ones range from 1,184 to 1,399 sq ft in size. There are also two penthouses, at 2,099 sq ft and 2,314 sq ft.

TOP: Expected February 2012.

Newly launched by Frasers Centrepoint, Woodsville 28 is located right next to the Potong Pasir MRT station. It has two 17-storey blocks and comes with a sky pool, a fitness arena and a spa corner. The showflat, along Woodsville Close, is open from 10am to 6pm daily.

Visioncrest Residences
33-39 Oxley Rise
Freehold

Prices: From $2,100 psf.

Units: One-bedroom apartments range from 700 to 840 sq ft, while two-bedroom units are 947 sq ft in size. Normal three-bedroom units range from 1,141 to 1,227 sq ft, while the duplexes come in at 1,615 sq ft in size.

TOP: Last year

Developed by Wing Tai, this 14-storey condominium is within walking distance to the Dhoby Ghaut MRT station and Plaza Singapura.

It comes with full facilities, including a lap pool, a tennis court, a gym and a playground.

The showflat is at 37 Oxley Rise and is open on Saturday and Sunday from “11am to 6pm.”

Source : Sunday Times - 10 Aug 2008

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The brisk sales for Urban Lofts has caught property analysts offguard, especially coming during the Hungry Ghost month, when superstitious buyers are traditionally scared away.

It was also surprising given the current economic uncertainty, when sentiments for high-end property are expected to be weak.

Huttons Real Estate Group claimed on its website yesterday that all 50 units in the freehold condo in Rangoon Road had been snapped up. They had been marketed at around $912 per square foot.

However, Chesterton International research director Colin Tan pointed out that actual transaction prices might be lower than the listed guide price and this could have attracted speculators in for a quick profit.

If so, said Mr Tan: “I’m not surprised that there is still unsatisfied demand out there. There is demand but at what price?”

Noting that the development had previously not generated much media publicity, Knight Frank research director Nicholas Mak added: “Either this product is very good and underpriced or there was a lot of pre-marketing efforts. But which developer right now would not sell its product at a higher price if they can?”

“For example, they could tell their agents to go and source for potential customers. With the cheques all lined up, within the two hours they just do the administrative work.”

Huttons could not be reached for comment.

According to online advertisements, the development is made up of one single block comprising 46 Soho homes and four commerical units.

Construction is expected to begin by year-end of the year ready for completion by end-September 2011.

Source : Today - 6 Aug 2008

CapitaLand has also sold 11 of the 40 units released so far at Latitude at Jalan Mutiara in the River Valley area at an average price of $2,400 to $2,500 psf. Over at Tong Watt Road, it has sold close to 30 of 80 units released recently at The Wharf Residence; prices range from $1,500 to $1,900 psf.

CapitaLand leads a consortium that will redevelop Farrer Court which is slated for launch in the first half of next year.

Asked about his outlook for the Singapore residential market, Mr Liew said: ‘Demand is still very good for the mass market. (For) the mid-range, there are still good signs of take-up; I think prices are still holding well for the mid-range.

‘But in the high-end, there’s not going to be massive demand. (In terms of prices), obviously it won’t be the $5,600 psf record price that we achieved for a penthouse at Orchard Residences last year. But prices will still be above $3,000 psf.

‘So prices will still be way above the last peak, pre-Asian crisis. Demand is still there. People who sold their properties through en bloc sales still have to buy apartments,’ he said.

Given Singapore’s limited land resource and with population projected to grow to 6.5 million, in the ‘long term, property prices will go up’, Mr Liew said, adding: ‘It’s a no-brainer.’

‘I think we’re overinfected with the housing slump in the US. That sort of mood comes to Singapore that property prices (here) will (also) go down. But look at the fundamentals, look at demand fundamentals. I think we are much stronger in Asia,’ Mr Liew noted.

The group’s earnings are underpinned by progressive recognition of $4 billion residential sales in Singapore in 2006 and 2007.

CapitaLand’s chief investment officer Kee Teck Koon said that in Singapore, the group has hardly any residential stock or inventory that it is holding. ‘So there is no issue of writing down. Most importantly, those new projects we’ve got, we have underwritten a value that is very supportable even at current prices,’ he added.

Source : Business Times - 2 Aug 2008

The freehold property comprises a land area of 34,854 square feet and consists of a 5-storey block of super luxury residential units with attic and basement carparks. There will be 16 super luxury triplex units with ultra high end fittings and fixtures.

Each unit spread over three stories, will have its own pool, private gardens and balconies, thus creating the sense of living in a landed property but will have all the security features and conveniences of an exclusive condominium on Nassim Hill - sited literally minutes from Orchard Road and nestled in the prestigious Tanglin Road and Nassim Hill residential enclave.

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