New Property - 76 Shenton Way in CBD

[iamareader]

Heard from an agent friend, the new project "76 Shenton Way" in CBD had its soft launch this morning. the ShowFlat at the site was crowded as a fish market, buyers and agent need to queue out under the building for 2-3 hrs before they are given a chance to get into the showflat and sales office to have a look only. There were 202 units wth size from 590-950 SQF. Almost all units were cleared around lunch time. The unit price starts from S$1600/SQF and up to S@2300 (?).

is it so good the property market in Singapore? how much the owner can gain in future in the investment reture for such exoensive house?

 

[Rogue Trader]

The place is at the Cbd so got good rental yield. this kind of place is for rental to angmo, not to set up as a home. so only investors will buy.
by the way, the launch was about 2 weeks ago.

 

[General Veers]

<table width="901" border="0" cellpadding="0" cellspacing="0"><tbody><tr valign="top" bgcolor="#cbced5"><td rowspan="2" width="17" background="images/bg_right.gif">
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</td> </tr> <tr valign="top" bgcolor="#cbced5"> <td style="background-position: center top; background-repeat: repeat-x;" width="880" bgcolor="#ffffff" height="534"> <table width="100%" border="0" cellpadding="0" cellspacing="0" height="26"> <tbody><tr> <td bgcolor="#f18c05"> Why Choose 76 Shenton Way?</td> </tr> </tbody></table>

• Total 202 residential+7restaurants located in the heart of Shenton Way
• Urbanized/ Modern Development by reputable developer
• The Horizontal Fins on each floors makes it stands out among the commercial buildings around, further displaying its uniqueness in the night.
• 5mins walk to Tanjong Pagar MRT station/ Maxwell Food Market
• Enjoy Spectacular/ Perpetual unblocked view of Singapore Coastline
• Last possible piece of land to undergo conversion from commercial to residential status
• High capital appreciation/ Rental yield
• Imported branded/quality finishing and electrical appliances
• Easy access to ECP and AYE. You'll reach any part of Singapore faster than anyone else
• Strategically located in between 2 Integrated Resorts
• Best South-East facing units

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Preview Launch 25th March 2010!!​

Please Call Shanice 9229 0333 for 76 Shenton Way detailed information and priority choice unit selection!​

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[iamareader]

2 weeks ago really ? the agent said they started collecting blank cheque 2 weeks ago. but can only transact the booking today when developer allow them to do so .. not sure, to expensive for me anyway ..

 

[Rogue Trader]

2 weeks ago really ? the agent said they started collecting blank cheque 2 weeks ago. but can only transact the booking today when developer allow them to do so .. not sure, to expensive for me anyway ..

ok, probably 'launch' is not the right word. but invitations were sent out 2 weeks ago to pre book.

 

[General Veers]

Singapore
Mar 26, 2010

Shenton condo sold out in 1 day

Reasonable pricing and small unit sizes could be reasons for its popularity

<!-- by line --> By Esther Teo

W brand residences makes S'pore debut
A NEW upscale condominium that is part of the trendy 'W' boutique hotel brand has made its debut in Singapore.

The Residences at W Singapore Sentosa Cove, which boasts 228 apartments, will be priced from $2,500 to $3,000 per sq ft (psf), said City Developments (CDL) at the launch yesterday.

The record in the gated island enclave is held by Seven Palms, where nine units went for $3,100-$3,430 psf late last year. Prior to that, the record was held by Lippo Group's Marina Collection, where units fetched a median price of $2,734 psf in late 2007.

Buyers keen on W will have to pay at least $3.4 million for the smallest unit of the seven, six-storey blocks. There are two- to four-bedroom units and penthouses, all with 99-year leases, with sizes from 1,227 sq ft to 6,297 sq ft. About 40 per cent of these are two-bed and the smaller three-bed.

The development forms part of an integrated project that comprises a 240-room W Singapore Sentosa Cove hotel and 86,000 sq ft of gross commercial space for restaurants and shops. The W residences will open first, followed by the hotel and then the shops, probably by 2012.

CDL, which is releasing 60 units for the current soft launch, was behind the branded St Regis Residences in Cuscaden Road, also a collaboration with Starwood Hotels & Resorts Worldwide. CDL managing director Kwek Leng Joo said that W was targeted at 'global jetsetters'.

The firm's group general manager, Mr Chia Ngiang Hong, said the project will be marketed overseas - in Hong Kong, Shanghai and Jakarta.

There are now nine completed W residences worldwide, eight of which are in the United States. Another 13 are in the process of being developed, said Starwood asia-pacific president Miguel Ko, with four being built in Asia, including the one at Sentosa.

Elsewhere on Sentosa, Ho Bee began the preview for its Seascape condo yesterday, and Lippo is relaunching the Marina Collection today at a price of around $2,500-$2,700 psf.

JOYCE TEO

The 76 Shenton condominium in the Central Business District sold out in one day during its preview. -- PHOTO: HONG LEONG HOLDINGS

<!-- story content : start --> THE 76 Shenton condominium in the Central Business District sold out in one day during its preview as hundreds of buyers made a beeline for the prime project yesterday. There were so many people vying for one of the 202 units that balloting was needed to sort out who got first crack. The Straits Times understands that there were about 300 names in the ballot, with the buyers mostly Singaporean investors and permanent residents. The Hong Leong Holdings project has nothing over 1,000 sq ft: 134 one-bedroom units from 592 sq ft to 624 sq ft and 68 two-bedroom units of 968 sq ft to 975 sq ft. One-bedroom units were priced between $1,600 and $2,600 per sq ft (psf), or about $1.2 million, while two-bedroom units went for between $1,600 and $2,300 psf. That is about $2 million. Hong Leong credited the strong sales to the development's 'prime location, its attractive pricing, a solid design and healthy pre-launch interest'. Sources said property agents were apparently collecting cheques from keen buyers even before the project's launch.

Read the full story in Friday's edition of The Straits Times.
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