WITH many families returning from holidays as the June school vacation comes to a close, developers are starting to crank up their launch machinery again. Frasers Centrepoint and Far East Organization begin to preview today their 99-year leasehold Waterfront Gold condo along Bedok Reservoir at an average price of about $950 per sq ft (psf).
And within a few weeks, City Developments is expected to soft-launch 368 Thomson on the former Concorde Residence site. Prices in the 36-storey freehold development are expected to range from $1,300-1,500 psf. The condo's 157 units range from one-bedders to penthouses.
Over at the Changi/Still roads junction, Fragrance Group is offering freehold apartments, office and shop units for sale in a five-storey project.
Its residential component, Suites @ Changi, comprises 44 apartments - studios, one-bedders and two-bedroom penthouses. Unit sizes range from 409 to 1,152 sq ft. Prices of one bedders start from $576,000.
Office units in the project's commercial component, Icon @ Changi, begin at $492,000. These units range from 334 to 527 sq ft. Shop units are mostly 570-958 sq ft, although there is an 11,765 sq ft supermarket unit.
Over at Bedok Reservoir, about 150 units or two blocks will be released for this week's preview of Waterfront Gold. The entire development comprises 361 units in five blocks.
Waterfront Gold will be the first condo in Singapore to feature a skypark, according to the developers. The 8,000 sq ft park, on the roof of the 15-storey project, will serve as an observation and exercise deck offering views of the reservoir.
Waterfont Gold is the third in a series of four projects that Far East and Frasers Centrepoint are developing on the former Waterfront View site.
Prior to the latest condo, they released the 405-unit Waterfront Waves, which is fully sold, and Waterfront Key, a 437-unit condo of which 309 units were sold as at end-May.
The final project, which may be released next year, is expected to have about 500 units.
The entire series, dubbed the Bedok Waterfront collection, has been master-planned to maximise views and access to the reservoir, Frasers Centrepoint said yesterday. 'The masterplan ensures that all units have excellent views, either of the reservoir, pools or the landscape,' said Frasers Centrepoint Homes chief operating officer Cheang Kok Kheong.
In March, Sim Lian picked up a 99-year leasehold condo site on the other side of Bedok Reservoir, next to The Tropica, for about $421 psf of potential gross floor area.
Later this year, the government will make available for application through the reserve list a choice land parcel on the same side of the reservoir as the Waterfront collection.
Waterfront Gold comprises one-bedders to four-bedroom apartments and penthouses. The cheapest one-bedder of 581 sq ft will cost $560,000. Two-bedders will be priced from $800,000 for an 893 sq ft apartment. The minimum price for a three-bedroom apartment of 1,012 sq ft is $900,000.
Four-bedders cost from $1.17 million upwards (for a 1,378 sq ft apartment). All starting prices refer to second-floor units.
Source: Business Times, 25 Jun 2010