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Forest Woods condo attracts over 500 cheques

Posted by Singapore Property Launch on 7th October 2016 in Blog
Forest Woods showflat-crop

There have been large crowds at the Forest Woods showflat since its preview began last month. (Photo: CDL)

The Forest Woods condominium in Serangoon Central will be launched this Saturday (8 October), said home builder City Developments Limited (CDL), which is jointly developing the project with Hong Leong Holdings and TID.

The 519-unit project has already received a strong response since its preview began on 24 September. So far, more than 4,500 groups of visitors and families have visited the showflat, and over 500 cheques have been collected from buyers, said CDL.

Facilities include a three-level clubhouse with an indoor gym, a 150-metre adventure zone and a 75-metre pool.

Located within a mature estate in Lorong Lew Lian, the 150,711 sq ft site is close to Nex shopping mall, which is linked to the Serangoon MRT station and bus interchange.

The 99-year leasehold project is expected to obtain its TOP in 2021.

credits: propertyguru

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270 units sold on launch day at The Alps Residences

Posted by Singapore Property Launch on 4th October 2016 in Blog
The Alps Residences interior-crop

The interior of a two-bedroom unit at The Alps Residences showflat. (Photo: Christopher Chitty)

The 626-unit The Alps Residences at Tampines Street 86 sold 270 units (43 percent) on Sunday (2 October), its first launch day after a week-long preview, said its developer MCC Land.

Prices range from $491,000 for a one-bedroom unit measuring 441 sq ft to $1.44 million for a 1,410 sq ft four-bedder.

According to a spokesperson for the condominium, the one- and two-bedroom units made up 88 percent of the units sold.

“We attribute the strong response to the highly efficient unit designs as well as competitive prices. There seems to be pent-up demand in Tampines, which has seen no new condominium launched since The Santorini, also an MCC Land project, in April 2014,” the spokesperson said.

The 99-year leasehold project is expected to obtain its TOP in 2020.

credit: propertyguru

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Forest Woods receives strong interest at preview

Posted by Singapore Property Launch on 2nd October 2016 in Blog
Forest Woods receives strong interest at preview

Located in Serangoon Central, Forest Woods’ 519 units include five-bedroom penthouses. (Source: CDL)

Forest Woods, a condominium project in Serangoon Central, has been receiving robust interest since its preview commenced on 24 September.

Developed by a joint venture (JV) between City Developments Limited (CDL), Hong Leong Holdings and TID, the 519-unit project comprises seven 12-storey blocks of one-bedroom with study to four-bedroom apartments, as well as single-storey five-bedroom penthouses.

Unit sizes range from 506 sq ft for a one-bedroom with study to 2,185 sq ft for the largest penthouse unit. Prices start from S$688,000 for a one-bedroom with study unit, and go up to S$1.65 million for a four-bedroom unit.

Set to be completed in 2021, the development is located near Serangoon MRT station (on both the North-East and Circle lines), the Serangoon bus interchange, and Nex Shopping Mall.

Nearby schools include Paya Lebar Methodist Girls’ School (Primary), Yangzheng Primary School, CHIJ Our Lady of Good Counsel, Cedar Primary School and Maris Stella High School.

Forest Woods features over 60 facilities, including a Welcome Lobby with a Wi-Fi Lounge, 75-metre pool, and a three-level clubhouse with a 24-hour indoor gym, gourmet hall and function hall.

“For a few years, no project of this size was launched in the much sought-after Serangoon Central area,” said CDL Group General Manager Chia Ngiang Hong. “We have received strong interest for this highly anticipated launch as Forest Woods comes across as a compelling purchase for new home buyers, upgraders and investors.”

Given its pricing and facilities, Chian expects the project, which is expected to be launched next week, to witness a good take-up when sales commence.

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5 teams shortlisted to develop Jurong Lake District master plan

Posted by Singapore Property Launch on 29th September 2016 in Blog
Jurong Lake District resize

Artist’s impression of new developments around Jurong Lake. (Source: URA)

Five teams have been shortlisted by the Urban Redevelopment Authority (URA) to develop a master plan for the Jurong Lake District.

Notably, the Jurong Lake District Request for Proposal (RFP) exercise received robust interest from local and international firms, with 35 multi-disciplinary teams applying to take part.

“This marks another important step towards realising the vision of Jurong Lake District as a ‘District of the Future’ and our second Central Business District (CBD),” said the URA.

The five shortlisted teams had the highest scores, based on their track record and the quality of their submitted statements, which set the direction and strategies the teams intend to take in developing the concept master plan for Jurong Lake District, as well as their analysis of key constraints and challenges for the area and how they could be overcome.

Also taken into consideration were the teams’ collective experience, and ability to master-plan for a mixed-use urban district centred around a high-speed rail (HSR) station. The teams’ level of creativity and innovation in their past key projects was also evaluated.

In stage 2 of the RFP, the shortlisted teams will spend 10 weeks developing their concept master plan before submitting it by end-2016. The proposals will be assessed by an evaluation panel of representatives from government agencies, industry and academia, which will then select one of the teams as the appointed consultant by January next year.

The appointed consultant will work with the URA and relevant agencies to draw up a detailed master plan for Jurong Lake District. An exhibition of the master plan will be held in Q2 2017 to gather public feedback.

The appointed consultant will then refine the plans before submitting final detailed proposals for the Jurong Lake District.

credits: propertyguru

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Fernvale Road residential site attracts 14 bids

Posted by Singapore Property Launch on 28th September 2016 in Blog
Seletar Mall officially opens

The site on Fernvale Road is close to The Seletar Mall.

A 99-year leasehold residential site at Fernvale Road received robust interest during the close of its tender on Tuesday (27 September), with 14 developers bidding for the site.

A consortium between Sing Development and Wee Hur Development submitted the highest bid of S$287.1 million, with China Construction (South Pacific) Development a close second at S$287.09 million. Allgreen Properties offered the third highest bid of S$286.9 million.

Kingsford Property Development submitted the lowest bid at S$223.23 million.

Desmond Sim, CBRE Research Head for Singapore and Southeast Asia, said the cutback in residential sites has positively reduced unsold stock, whetting the appetite of developers.

“This is reflected in the number of bids for this Fernvale plot, bolstered by the success of High Park Residences and coupled with the fact that the Perumal Road site is probably the only site left for sale for 2016,” he said.

Fernvale Road site

Map showing the sale site at Fernvale Road. (Source: URA)

In fact, the top three bids are extremely close, with a mere 0.007 percent difference between the top and third bid.

“This is an indication that these bidders share similar views on (the) pricing of the projects, as well as construction cost control,” he said. “Being able to control costs is a major factor, particularly for the top two bidders, as they are developers with a construction arm and would have come to terms with the costs associated with the PPVC (prefabricated prefinished volumetric construction) projects,” added Sim.

Launched on 16 August 2016, the 17,195.9 sq m site can yield 605 housing units. Looking ahead, Sim expects more residential sites to be released in the next Government Land Sales (GLS) sales programme to prevent land bids from escalating.

credits: propertyguru

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Concrete sunshield outside Tampines HDB unit collapses

Posted by Singapore Property Launch on 27th September 2016 in Blog
Concrete sunshield outside Tampines HDB unit collapses

A concrete sunshield at a HDB block in Tampines collapsed on Sunday morning.

The concrete sunshield on a HDB block along Tampines Street 23 that gave way on Sunday (25 September) has been removed after almost seven hours, reported Channel NewsAsia.

According to the Housing and Development Board (HDB), the sunshield outside the fourth storey unit in Block 201E is “non-structural in nature and will not affect the building’s structural integrity”.

“HDB engineers have inspected the block and ascertained that the building is structurally safe. There were no injuries,” it said in a statement. “Our engineers are investigating the cause of the incident.

The Building and Construction Authority (BCA) instructed the Tampines Town Council, the building owner of the HDB block, to engage a professional engineer to carry out a detailed investigation, advise on the necessary measures to remove the dislodged sunshield, and recommend permanent rectification works.

After conducting an inspection, the professional engineer engaged by Tampines Town Council assessed that the main building’s structural integrity was not affected by the incident. As an added precaution, BCA also required the professional engineer to inspect the other HDB blocks within the area with similar architectural façades.

An eyewitness revealed that the sunshield collapsed at about 10am. “I heard sounds of glass shattering,” she said.

“I was watching TV, and I heard a ‘boom’ sound,” said Choo Keat Thin, owner of the affected unit. “So I came to the window to take a look and I saw the beam had fallen. I thought this beam would cause danger to the public downstairs, so I called 999.”

“It was a shock to realise that such a big part of the external block…just collapsed. Luckily, it did not roll over and hit the bottom or the flat below,” he said.

Town Council officers and the HDB used a net and some cables to hold up the concrete structure while waiting for the arrival of a crane to remove the dislodged sunshield.

credits: propertyguru

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