Chinese New Year cheer for condo launches
By Esther Teo, Property Reporter
The notion that buyers avoid the property market during the Chinese New Year was shot down in flames over the weekend when 224 homes were sold at Watertown in Punggol Central.
Other projects also held open days over the festive weekend, with many willing buyers heading to showflats.
The so-called seasonal effect - namely that sales slow during the December school holidays, the Hungry Ghost Festival and Chinese New Year - has long dampened real estate activity. But things have been changing in recent years.
Mr Chia Boon Kuah, Far East's chief operating officer of property sales
Local home-seekers are more willing to buy all year round while there is also an increasing share of foreigners in the market who might be less superstitious. Developers keen to shift property in what could be a slow year also seem happy to take their chances.
Friday, January 27, 2012
Tuesday, January 24, 2012
Thursday, January 19, 2012
New lifestyle hub planned for Punggol
As published in Yahoo news
18 Jan 2011
Property developers Far East Organization, Frasers Centrepoint Limited and Sekisui House, Ltd. have unveiled Waterway Point, a retail and lifestyle hub at the 992-unit Watertown in Punggol Central.
Waterway Point comprises around 370,000 sq ft of net lettable retail space, al fresco waterfront dining and a Shaw Theatres IMAX cinema.
It is strategically located within walking distance to Punggol MRT and LRT stations as well as the bus interchange.
"We're especially excited about Waterway Point, which will be a truly unique shopping and dining enclave by the waterfront in a trans-urban location," said Mr Lim Ee Seng, Group CEO, Frasers Centrepoint Limited.
"Positioned as an upmarket lifestyle mall that opens till late, we will put together a carefully selected mix of innovative and creative concepts to capitalise on the waterway frontage. We see the market responding well to such mixed-use projects like Watertown," he added.
Waterway Point is expected to be ready in 2015 and will benefit residents living in Watertown as well as the Punggol area.
Meanwhile, 250 residential units at Watertown will be released for sale this Chinese New Year, with prices starting from S$1,080 psf.
According to Far East, it expects that 90 percent of the buyers will be Singaporeans and permanent residents (PRs).
Watertown features a wide range of unit types, including Suites, SOHO Apartments, Sky Patios and Residences. Sizes of the units range from 527 sq ft to 1,582 sq ft. Related Stories: HDB shops to get S$11m boost
18 Jan 2011
Property developers Far East Organization, Frasers Centrepoint Limited and Sekisui House, Ltd. have unveiled Waterway Point, a retail and lifestyle hub at the 992-unit Watertown in Punggol Central.
Waterway Point comprises around 370,000 sq ft of net lettable retail space, al fresco waterfront dining and a Shaw Theatres IMAX cinema.
It is strategically located within walking distance to Punggol MRT and LRT stations as well as the bus interchange.
"We're especially excited about Waterway Point, which will be a truly unique shopping and dining enclave by the waterfront in a trans-urban location," said Mr Lim Ee Seng, Group CEO, Frasers Centrepoint Limited.
"Positioned as an upmarket lifestyle mall that opens till late, we will put together a carefully selected mix of innovative and creative concepts to capitalise on the waterway frontage. We see the market responding well to such mixed-use projects like Watertown," he added.
Waterway Point is expected to be ready in 2015 and will benefit residents living in Watertown as well as the Punggol area.
Meanwhile, 250 residential units at Watertown will be released for sale this Chinese New Year, with prices starting from S$1,080 psf.
According to Far East, it expects that 90 percent of the buyers will be Singaporeans and permanent residents (PRs).
Watertown features a wide range of unit types, including Suites, SOHO Apartments, Sky Patios and Residences. Sizes of the units range from 527 sq ft to 1,582 sq ft. Related Stories: HDB shops to get S$11m boost
Showflat not ready, but buyers lap up Watertown
The Straits Times - January 19, 2012
By: Esther Teo
NADARAJANHOME buyers, undeterred by recent tough market cooling measures, turned up in strong numbers at the preview of Watertown in Punggol Central yesterday.
Far East Organization said more than 160 units out of the 250 units launched were snapped up, with Singaporeans making up more than 90 per cent of buyers.
The enthusiastic response means that the official launch, originally scheduled for next week, will now be brought forward to tomorrow.
Industry analysts say developers seem eager to push out projects quickly, possibly before more uncertainty emerges.
In the case of Watertown, the developers bought the site for the 992-unit project less than a year ago and have yet to finish the showflat.
But agents had been fielding inquiries on the mixed-use development even before the authorities' approval for the launch had been given, sources say.
They say at least 100 buyers were ready to hand over cheques on Tuesday. But building plan approvals were issued yesterday and only then could agents collect cheques and grant options to purchase last evening.
The $1.6 billion project is being jointly developed by Far East, Frasers Centrepoint and Japanese firm Sekisui House. It will be integrated with a mall of 370,000 sq ft of net lettable shop space and a Shaw Theatres Imax cinema.
Developers had earlier said that prices will start from $1,080 per sq ft (psf), which they said included a discount.
Even so, the development will still set a benchmark in Punggol, trumping Sim Lian Group's A Treasure Trove, priced at $866 psf at its launch last September.
Buyers were unfazed at picking units off the plan as the showflat is not yet up.
Key attractions are the waterfront location and the fact that the project is integrated with Punggol MRT station, experts say. Recent mixed-use launches like Bedok Residences have also seen robust sales and benchmark pricing at a median of $1,359 psf.
SLP International research head Nicholas Mak said that developers are pushing out projects as quickly as possible before more uncertainty hits the market.
'Especially in the Punggol area, developers face increasing competition as the Government has pushed out a lot of land there,' he added.
He said the 11-month turnaround for the site, bought in February last year, was 'fairly quick'.
It typically takes a year or more for integrated projects of this size to be launch-ready, he added.
The Dec 7 cooling measures included an extra stamp duty of 10 per cent on all home buys by foreigners. Some analysts tip price falls of 10 per cent to 20 per cent this year.
Separately, Sekisui House said it will tap its network of retailers to introduce new-to-market brands and concepts from Japan into the upcoming mall.
By: Esther Teo
NADARAJANHOME buyers, undeterred by recent tough market cooling measures, turned up in strong numbers at the preview of Watertown in Punggol Central yesterday.
Far East Organization said more than 160 units out of the 250 units launched were snapped up, with Singaporeans making up more than 90 per cent of buyers.
The enthusiastic response means that the official launch, originally scheduled for next week, will now be brought forward to tomorrow.
Industry analysts say developers seem eager to push out projects quickly, possibly before more uncertainty emerges.
In the case of Watertown, the developers bought the site for the 992-unit project less than a year ago and have yet to finish the showflat.
But agents had been fielding inquiries on the mixed-use development even before the authorities' approval for the launch had been given, sources say.
They say at least 100 buyers were ready to hand over cheques on Tuesday. But building plan approvals were issued yesterday and only then could agents collect cheques and grant options to purchase last evening.
The $1.6 billion project is being jointly developed by Far East, Frasers Centrepoint and Japanese firm Sekisui House. It will be integrated with a mall of 370,000 sq ft of net lettable shop space and a Shaw Theatres Imax cinema.
Developers had earlier said that prices will start from $1,080 per sq ft (psf), which they said included a discount.
Even so, the development will still set a benchmark in Punggol, trumping Sim Lian Group's A Treasure Trove, priced at $866 psf at its launch last September.
Buyers were unfazed at picking units off the plan as the showflat is not yet up.
Key attractions are the waterfront location and the fact that the project is integrated with Punggol MRT station, experts say. Recent mixed-use launches like Bedok Residences have also seen robust sales and benchmark pricing at a median of $1,359 psf.
SLP International research head Nicholas Mak said that developers are pushing out projects as quickly as possible before more uncertainty hits the market.
'Especially in the Punggol area, developers face increasing competition as the Government has pushed out a lot of land there,' he added.
He said the 11-month turnaround for the site, bought in February last year, was 'fairly quick'.
It typically takes a year or more for integrated projects of this size to be launch-ready, he added.
The Dec 7 cooling measures included an extra stamp duty of 10 per cent on all home buys by foreigners. Some analysts tip price falls of 10 per cent to 20 per cent this year.
Separately, Sekisui House said it will tap its network of retailers to introduce new-to-market brands and concepts from Japan into the upcoming mall.
Sunday, January 15, 2012
Thursday, January 12, 2012
Five BTO projects launched, offering 3,923 flats
Posted on CNA: 11 January 2012
By Qiuyi Tan
SINGAPORE: The Housing and Development Board (HDB) launched five Build-To-Order (BTO) projects on Wednesday.
The BTO launch, the first this year, offers 3,923 new flats in Choa Chu Kang, Punggol, Sengkang and Tampines.
And a further 4,110 new flats will be offered for sale in the next BTO launch in March, in Bedok, Bukit Batok, Bukit Panjang, Bukit Timah, Clementi, Geylang and Toa Payoh.
In total, HDB plans to offer 25,000 BTO units for the entire year.
HDB says at least 95 per cent of the flat supply (excluding Studio Apartments) will be set aside for first-timer households. Eligible first-timer households can also enjoy various housing grants to help them own a new BTO flat.
The projects launched on Wednesday are Fernvale Lea in Sengkang, Sunshine Gardens in Choa Chu Kang, Tampines Alcoves and Tampines GreenTerrace in Tampines, and Waterway Sunbeam in Punggol.
The selling prices for units at Fernvale Lea range from S$83,000 for a 2-room unit to S$283,000 for a 5-room unit.
For Sunshine Gardens, the price range is from S$77,000 for Studio Apartments to S$295,000 for a 5-room unit.
For units at Tampines Alcoves and Tampines GreenTerrace, the price range is from S$86,000 for Studio Apartments to S$292,000 for a 4-room unit.
And at Waterway Sunbeam, the price range is from S$152,000 for a 3-room unit to S$340,000 for a 5-room unit.
All these prices exclude grants.
Analysts expect strong demand for the Tampines projects, but the other projects are not likely to see 100 per cent take-up rate.
Mr Lim Yong Hock, senior vice president at PropNex Realty, said: "We can see the take-up rate has moderated over the last one year, from subscription of more than five times. Now, we have moderated down to one-over times.
"I believe today's launch will probably see further moderation of the take-up rates. But of course, in a good location, the take-up rate will still be very strong, like Tampines (Alcoves). It's a hot location and it's also near a future MRT station, Tampines West."
Mr Lim said applicants are being more selective as more BTO projects, some of them in mature estates, are in the pipeline.
He added: "Of course, everybody hopes to apply for a good location. So some of them may even wait for the March launch before they even put in their applications."
The vast majority of new flats are reserved for first-time applicants, and only five per cent go to second-timers.
If take-up rates continue to moderate, analysts expect the government to start allocating more flats for second-timers as early as the first half of the year.
Minister for National Development Khaw Boon Wan had said in his blog last year that second-timers can expect more BTO flats to be reserved for them, starting 2012.
More information is available on HDB InfoWEB.
Applications and enquiries for Wednesday's BTO launch can be submitted online from January 11 to January 17.
For enquiries, the public can:
- Log on to www.hdb.gov.sg/esales; or
- E-mail hdbsales@hdb.gov.sg; or
- Visit the HDB Sales Office to speak with our Customer Service Officers during office hours (Mon to Fri 8 am to 5 pm, Saturday 8 am to 1 pm).
- CNA/fa/ck
By Qiuyi Tan
SINGAPORE: The Housing and Development Board (HDB) launched five Build-To-Order (BTO) projects on Wednesday.
The BTO launch, the first this year, offers 3,923 new flats in Choa Chu Kang, Punggol, Sengkang and Tampines.
And a further 4,110 new flats will be offered for sale in the next BTO launch in March, in Bedok, Bukit Batok, Bukit Panjang, Bukit Timah, Clementi, Geylang and Toa Payoh.
In total, HDB plans to offer 25,000 BTO units for the entire year.
HDB says at least 95 per cent of the flat supply (excluding Studio Apartments) will be set aside for first-timer households. Eligible first-timer households can also enjoy various housing grants to help them own a new BTO flat.
The projects launched on Wednesday are Fernvale Lea in Sengkang, Sunshine Gardens in Choa Chu Kang, Tampines Alcoves and Tampines GreenTerrace in Tampines, and Waterway Sunbeam in Punggol.
The selling prices for units at Fernvale Lea range from S$83,000 for a 2-room unit to S$283,000 for a 5-room unit.
For Sunshine Gardens, the price range is from S$77,000 for Studio Apartments to S$295,000 for a 5-room unit.
For units at Tampines Alcoves and Tampines GreenTerrace, the price range is from S$86,000 for Studio Apartments to S$292,000 for a 4-room unit.
And at Waterway Sunbeam, the price range is from S$152,000 for a 3-room unit to S$340,000 for a 5-room unit.
All these prices exclude grants.
Analysts expect strong demand for the Tampines projects, but the other projects are not likely to see 100 per cent take-up rate.
Mr Lim Yong Hock, senior vice president at PropNex Realty, said: "We can see the take-up rate has moderated over the last one year, from subscription of more than five times. Now, we have moderated down to one-over times.
"I believe today's launch will probably see further moderation of the take-up rates. But of course, in a good location, the take-up rate will still be very strong, like Tampines (Alcoves). It's a hot location and it's also near a future MRT station, Tampines West."
Mr Lim said applicants are being more selective as more BTO projects, some of them in mature estates, are in the pipeline.
He added: "Of course, everybody hopes to apply for a good location. So some of them may even wait for the March launch before they even put in their applications."
The vast majority of new flats are reserved for first-time applicants, and only five per cent go to second-timers.
If take-up rates continue to moderate, analysts expect the government to start allocating more flats for second-timers as early as the first half of the year.
Minister for National Development Khaw Boon Wan had said in his blog last year that second-timers can expect more BTO flats to be reserved for them, starting 2012.
More information is available on HDB InfoWEB.
Applications and enquiries for Wednesday's BTO launch can be submitted online from January 11 to January 17.
For enquiries, the public can:
- Log on to www.hdb.gov.sg/esales; or
- E-mail hdbsales@hdb.gov.sg; or
- Visit the HDB Sales Office to speak with our Customer Service Officers during office hours (Mon to Fri 8 am to 5 pm, Saturday 8 am to 1 pm).
- CNA/fa/ck
Punggol 21 Community Club
Punggol 21 CC
80 Punggol Field #01-01
Singapore 828815
Phone : 6312 0508
Fax : 6312 0534
Punggol 21 Community Club is located next to Punggol Plaza.
You can book courses and faclities online at the following website.
There is also a useless tool on the site where you can use to find the shortest way around to Punggol 21 Community Club on public transport, taxi and driving direction simply by typing in your address.
Wednesday, January 11, 2012
Watertown
Watertown is located along the scenic Punggol Waterway, at the new Punggol Central, which is part of the government's Punggol 21-plus Master Plan.
The Punggol MRT and LRT Station, and Bus Interchange, is seamlessly connected to Watertown.
The Punggol MRT and LRT Station, and Bus Interchange, is seamlessly connected to Watertown.
Punggol Waterway and the new communcal spaces along the promenade will provide an attractive and vibrant waterfront living environment.
- Developers Far East Organisation, Frasers Centrepoint and Sekisui House Ltd
- District 19 (Address Punggol Central / Punggol Walk)
- Tenure 99-year leasehold w.e.f 18 May 2011
- Site Area 322,912.46 sqft or 29,999.30 sqm
- Gross Plot Ratio 4.2
- No. of Units 992
- No. of Towers 11
- No. of Storeys Suite: 13-14 storeys
- SOHO: 13 storeys
- Condominium: 12 storeys
- Patio: 11-14 storeys
- No. of lifts 42 passenger lifts
- No. of Carparks 1,901
- Expected T.O.P Date 1st Quarter 2017
- Architect RSP Architects
- Shopping Mall Six Levels (4 above Ground Levels & 2 Basement Levels)
- The tenant mix will be, 40% Retail, 30% F&B, 15% Entertainment, 15% Others
The mall is scheduled to be completed in 2015
UNITS SELLING FAST
UNITS SELLING FAST
FACILITIES
- Lap pool
- Lounge Cabana
- Sun Lounge Deck
- Outdoor Fitness Zone
- Dining Villa
- Hot Spa Pool
- Hydrotherapy Pool
- Lily Pond
- Kids' Play Zone
- Gym
- Spa Steam Pool
- Landscape Garden
- BBQ Cabana
- Isle Deck Terrace
- Spa Steam Room
- Tennis Court
AMENITIES
• Waterway Point
• Punggol Waterway
• Punggol Plaza
• Rivervale Mall
• Sengkang Sports and Recreation Centre
• Punggol Park
• Punggol Reservoir and Sengkang Floating Wetland
NEARBY SCHOOLS
• Edgefield Primary School
• Nanyang Polytechnic
• Serangoon Junior College
• Meridian Junior College
• Greendale Secondary School
NEARBY MRT STATIONS
• Punggol
Thursday, January 05, 2012
Wednesday, January 04, 2012
Veteran grassroots leader appointed as adviser to Aljunied GROs
As published on CNA
03 January 2012 1945 hrs
SINGAPORE: A 73-year-old grassroots veteran has been appointed as adviser to Aljunied grassroots organisations for Bedok Reservoir-Punggol.
Mr Anthony Loh will take over from former Foreign Minister George Yeo, who has stepped down from his role with immediate effect.
A statement from the People's Association said Mr Loh, who is currently honorary chairman of the Bedok Reservoir-Punggol citizens' consultative committee and patron of the Punggol Community Club Building Fund Committee, has been an active grassroots leader since 1989.
Over the past 22 years, he has served as the chairman of various community club management committees and citizens' consultative committees.
Mr Loh said: "I hope that in facilitating greater interaction amongst residents and neighbours, it would help them to deepen friendships, and strengthen mutual trust, understanding and support in the community.
"I will ensure that accurate feedback is given to the government on issues that affect people; and see that the grassroots organisations deliver the government's programmes to the people."
PA also paid tribute to Mr George Yeo for his leadership as grassroots adviser since 1988. It said Mr Yeo played a key role in leading and guiding the grassroots organisations in their role of connecting people to people, and people with the government.
-CNA/ac
03 January 2012 1945 hrs
SINGAPORE: A 73-year-old grassroots veteran has been appointed as adviser to Aljunied grassroots organisations for Bedok Reservoir-Punggol.
Mr Anthony Loh will take over from former Foreign Minister George Yeo, who has stepped down from his role with immediate effect.
A statement from the People's Association said Mr Loh, who is currently honorary chairman of the Bedok Reservoir-Punggol citizens' consultative committee and patron of the Punggol Community Club Building Fund Committee, has been an active grassroots leader since 1989.
Over the past 22 years, he has served as the chairman of various community club management committees and citizens' consultative committees.
Mr Loh said: "I hope that in facilitating greater interaction amongst residents and neighbours, it would help them to deepen friendships, and strengthen mutual trust, understanding and support in the community.
"I will ensure that accurate feedback is given to the government on issues that affect people; and see that the grassroots organisations deliver the government's programmes to the people."
PA also paid tribute to Mr George Yeo for his leadership as grassroots adviser since 1988. It said Mr Yeo played a key role in leading and guiding the grassroots organisations in their role of connecting people to people, and people with the government.
-CNA/ac
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