17 July, 2007
Source : The Business Times
TWO new projects have been put on the market - 8napier on the former Eng Lok Mansion site near Botanic Gardens, and The Rochester in the one-north precinct.
Prices at the 46-unit 8napier range from $4,000 to $4,500 per sq ft for apartments, and for now, the plan is to limit sales to just 10 to 12 apartments in the freehold development. 'We may sell another dozen or so apartments when our showflat is ready on site in a few months' time. But we plan to keep the rest of the project, including the six penthouses, for sale after the project is completed, which will probably be around end-2009,' Mark Wee, director of Napier Properties, said when contacted by BT yesterday.
The company, controlled by Mr Wee and former Parkway boss Tony Tan, is currently previewing the project at its office on the 21st floor of Ngee Ann City Tower A.
The 10-storey 8napier has 40 apartments (either three- or four-bedder units) and six penthouses.
All the penthouses are duplex units, ranging in size from more than 4,000 sq ft to nearly 6,000 sq ft. They are expected to be sold by auction.
The smallest three-bedder apartment in the project is just over 2,000 sq ft and is priced at about $8 million. 'All the units come fully loaded with top-notch lighting, sound system and kitchen equipment, bathroom fittings and the like, so that our buyers do not have to do any renovations as we are fitting the units to the highest standard currently available in the Singapore market. This should minimise the hassle of moving in,' Mr Wee said.
He declined to say how many units have been sold so far but buyers are understood to be a mix of foreigners and Singaporeans.
Over at one-north, United Engineers is believed to have priced The Rochester apartments in the $1,000 to $1,200 per sq ft range. UE could not provide the average price yesterday when contacted by BT. The 99-year leasehold project is opposite One North Residences, which was sold earlier this year at an average price of around $900-950 per sq ft, market watchers said.
The Rochester has a total of 368 residential units, including eight penthouses, in a 36-storey block. The project is part of a mixed development that also includes a 100,000 sq ft mall and hotel.
The entire project is slated for completion around 2009-10. The residential component comprises one, two, and three-bedroom apartments and penthouses. Some of the one-bedders are duplexes. UE began selling the units yesterday, according to its spokesman.
Tuesday, July 17, 2007
Tuesday, July 10, 2007
Soleil at Sinaran (Launched on 17 August)
Soleil, a shining beacon of architecture excellence, by Frasers Centrepoint Homes. With its truly distinctive contemporary glass facade and invigorating attention to stylist detail, Soleil reflects a modern sensibility much in demand with today's cosmopolitan buyers.
Located in prime district 11 at Novena, Soleil sits next to the Novena MRT, the Novena Square shopping centre, Velocity and entertainment outlets. It is also near to medical facilities such as the Thomson Medical Centres and Far East Medical Suites. It is an ideal place for the wealthy foreign families seeking long-term medical treatment and convalescence in Singapore.
Such coveted location offers residents quick and easy access to work places at the Central Business District and the Integrated Resort in Marina Bay, as well as the trendy shopping amenities at the Orchard Road.
A"lifestyle development" offering luxurious, distinctive styling and modern comforts that appeal particularly to young professionals because of the ease of commuting to work, play and entertainment places.
It has an excellent investment potential in terms of capital gains and rental returns. Inspired by the natural organic and sculptural architectural concepts, Soleil at Sinaran has a very unique building facade.
Soleil at Sinaran is also a wellness retreat - a home within a resort to escape from busy work schedule and urban hectic lifestyles. The amenities are superb - and intelligently designed to offer residents a fulfilling, serene lifestyle. It includes entertainment pavilions, spa cabanas and jacuzzis, making it a perfect venue for private events and poolside parties.
Soleil at Sinaran is also a wellness retreat - a home within a resort to escape from busy work schedule and urban hectic lifestyles. The amenities are superb - and intelligently designed to offer residents a fulfilling, serene lifestyle. It includes entertainment pavilions, spa cabanas and jacuzzis, making it a perfect venue for private events and poolside parties.
Soleil, where life shines a little brighter........
Developer : Riverside Investments Pte Ltd
Location : LOT 931T TS 29 at Sinaran Drive, beside Novena MRT
Tenure : Leasehold 99 years W.E.F 23 October 2006
Expected TOP : 30 September 2012
Expected Legal Completion : 30 September 2015
CSC : 30 September 2013
No. of Blocks / Storeys : 2 Blocks / 36 Storeys
Total No. of Units : 417
Site Area : Approx 134,160 sq ft
Plot ratio : 3.5
Unit Types :
1-Bedroom , 94 units, 509 - 579 sq ft
2-Bedroom, 109 units, 926 - 958 sq ft
2-Bedroom + study, 60 units, 1110 sq ft
2-Bedroom loft, 32 units, 1370 sq ft (include void)
3-Bedroom, 64 units, 1467 sq ft
4-Bedroom, 64 units, 1727 sq ft
5-bedroom penthouse, 4 units, 4972 - 5262 sq ft
Architect : Architect 61
Facilities : Recreational Pool, 50m lap pool, Children's Play Area, Spa Pavilion, Entertainment Pavilion, Recreational Tennis Court, Reflective Pool, Function Room, Gym.Changing Rooms, Outdoor/Fitness areas.
For Privileged Bookings or Early Bird Discounts, kindly register your interest at camiliang@gmail.com or call Camilia Ng at (+65) 9763-9937
Monday, July 2, 2007
S'pore home to world's fastest-growing population of millionaires
By Tung Shing Yi, Channel NewsAsia
28 June 2007
Singapore is home to the world's fastest-growing population of millionaires, according to the annual world wealth report compiled by Merrill Lynch and the Capgemini Group. The number of high net worth individuals in Singapore grew by 21.2% last year to reach almost 67,000 millionaires. Singapore's millionaire boom is part of a global trend that saw the number of high net worth individuals rise 8.3% to reach 9.5 million last year.
Among the super-rich are a group called the ultra-rich, with assets over US$30 million. The growth of these ultra high net worth individuals grew 11.3%, outpacing that of high net worth individuals and suggesting a growing concentration of wealth. "The main reasons for the growth in the number of high net worth individuals was GDP growth, which was about 8.2% in Singapore last year, and the strong market capitalisation growth reflected in the stock market.
Also, Singapore's strong savings rate has helped in the creation of wealth," said Kong Eng Huat, MD of Merrill Lynch, International Bank. India and Indonesia follow closely behind Singapore in the list of countries with the fastest-growing number of millionaires.
The survey also pointed out a growing preference among wealthy investors to put money into the real estate market. While the high-end luxury sector in Singapore has been seeing strong demand, Merrill Lynch sees the bull run spilling over to the mass market segment over the next three years.
Mark Matthews, senior director and chief Asia Strategist at Merrill Lynch said: "More and more people are coming to work in Singapore, and as a result of that, people will move out of Districts, 9, 10, 11, into areas like Bukit Timah or East Coast, and prices are increasing in these neighbourhoods as well.There's not enough in the private residential sector to meet demand. I believe there are only less than 40,000 vacant condominiums left in Singapore now, and we're expecting over 100,000 people to move here this year."
Global assets held by wealthy investors rose 11.4 percent to $37.2 trillion in 2006, but the growth rate is forecast to slow to 6.8% annually over the next four years. Going forward, Merrill Lynch expects more central banks to tighten monetary policy, bringing a possible end to the period of high liquidity that has stimulated recent growth. Growth rates in Asia are expected to ease back as global demand slows.
28 June 2007
Singapore is home to the world's fastest-growing population of millionaires, according to the annual world wealth report compiled by Merrill Lynch and the Capgemini Group. The number of high net worth individuals in Singapore grew by 21.2% last year to reach almost 67,000 millionaires. Singapore's millionaire boom is part of a global trend that saw the number of high net worth individuals rise 8.3% to reach 9.5 million last year.
Among the super-rich are a group called the ultra-rich, with assets over US$30 million. The growth of these ultra high net worth individuals grew 11.3%, outpacing that of high net worth individuals and suggesting a growing concentration of wealth. "The main reasons for the growth in the number of high net worth individuals was GDP growth, which was about 8.2% in Singapore last year, and the strong market capitalisation growth reflected in the stock market.
Also, Singapore's strong savings rate has helped in the creation of wealth," said Kong Eng Huat, MD of Merrill Lynch, International Bank. India and Indonesia follow closely behind Singapore in the list of countries with the fastest-growing number of millionaires.
The survey also pointed out a growing preference among wealthy investors to put money into the real estate market. While the high-end luxury sector in Singapore has been seeing strong demand, Merrill Lynch sees the bull run spilling over to the mass market segment over the next three years.
Mark Matthews, senior director and chief Asia Strategist at Merrill Lynch said: "More and more people are coming to work in Singapore, and as a result of that, people will move out of Districts, 9, 10, 11, into areas like Bukit Timah or East Coast, and prices are increasing in these neighbourhoods as well.There's not enough in the private residential sector to meet demand. I believe there are only less than 40,000 vacant condominiums left in Singapore now, and we're expecting over 100,000 people to move here this year."
Global assets held by wealthy investors rose 11.4 percent to $37.2 trillion in 2006, but the growth rate is forecast to slow to 6.8% annually over the next four years. Going forward, Merrill Lynch expects more central banks to tighten monetary policy, bringing a possible end to the period of high liquidity that has stimulated recent growth. Growth rates in Asia are expected to ease back as global demand slows.
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