Weekend sales staus: The Luxurie, The MeyeRise, EuHabitat etc

The Luxurie
This 99-year leasehold project by Keppel Land in Sengkang has sold 180 of the 220 units launched since its preview launch on Aug 26, at an average price of $980psf. The penthouse and ground-floor units are fully sold.

When completed in 2015, The Luxurie will comprise 622 apartments, ranging from one to four-bedroom units as well as penthouse units. Most are two- and three-bedders.

The Luxurie's pricing is similar to that of neighbouring mass-market development H2O Residences by City Developments, but its proximity to Sengkang MRT and bus interchange makes The Luxurie more attractive, said DMG and Partners Research. The Sengkang Public Library and Community Hub are also nearby, as are CHIJ St Joseph's Convent and Rivervale Primary.

Comparable projects in the area include Kovan Residences, located along Kovan Road, which had a recently transacted price of $1,180psf; and Boathouse Residences, located along Upper Serangoon Road, which was recently transacted at $880psf.

The MeyeRise
The freehold development by Hong Leong Holdings in Meyer Road has racked up about 80 sales since its preview started last Friday. Singaporean and permanent residents comprised about 90% of all buyers. The project in District 15 has 239 units, a mix of two-bedroom, three-bedroom, four-bedroom and penthouse units. The average price was $1,950psf, with three-bedroom units the most popular among buyers - nearly half the units sold were three-bedders. Unit prices ranged from $1,400 to $2,540psf.

The MeyeRise is minutes away from Parkway Parade and Katong Shopping Centre, with Playground@Big Splash and East Coast Park also nearby.

EuHabitat
There were 24 units shifted at EuHabitat in Jalan Eunos over the weekend, bringing the total number of sales to 472 out of the 548 apartments available.

Prices range from $880 to $1,200psf.

Boathouse Residences
Another 20 homes were sold at Boathouse Residences in Upper Serangoon over the weekend.

Source: The Straits Times/Business Times 
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New project sales status: Boathouse Residences & SeaStrand

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Boathouse Residences
Boathouse Residences, a 99-year leasehold private condo at Upper Serangoon View which was released last Friday by Frasers Centrepoint, Sekisui House and Far East Organization, saw about 90 units sold by yesterday. About 80% of the units were bought by Singaporeans, with the rest taken up by permanent residents and other foreigners.

The average price is $880psf. The cheapest unit is a 624sqft one-bedder on the second floor, at $570,000. The developers have released 200 of the total 493 apartments in the project.

As a comparison, when Frasers and Far East released Eight Courtyards in Yishun in April, they sold about 202 units in the first four days - Friday to Monday. The 99-year leasehold homes were priced at an average of $795psf.

However, Frasers Centrepoint Homes CEO Cheang Kok Kheong says the sales result for Boathouse Residences is not too far off another project the group released more recently - Seastrand condo in Pasir Ris, with 103 units sold in four days during its preview in June.

Mr Cheang said that while the turnout at the Boathouse Residences showflat was " very good", buyers are now taking a longer time to make a decision.

"Four months ago, during our Eight Courtyards launch, buyers took about 45 minutes to make a decision. Now, they probably require 60 - 90 minutes," he added. " With more uncertainty and cautiousness, they're thinking twice, maybe three times, to relook the whole thing - their finances and their needs. Those who were previously looking at purchasing a four-bedroom apartment may now settle for a three-bedder, for instance."

Boathouse Residences comprises one and two-bedroom SOHO-concept apartments housed in two 15-storey blocks and two, three and four-bedroom apartments in four 18-storey blocks.

The SOHO-style apartments have a higher-than-usual floor-to-ceiling height of 3.35 metres, allowing residents to enjoy a bigger volume of space. They come with a furniture platform that may serve as a library, storage area or cosy corner. The one and two-bedders are priced from $880psf to $1,040psf, while the three- and four-bedroom apartments cost about $800-930psf.

Seastrand
And speaking of Seastrand, Far East and Frasers Centrepoint found buyers for nine more units last week, taking total sales for the 99-year leasehold project in Pasir Ris to 239 units. To date, 269 units have been released in the 475-unit condo. Seastrand's average price has risen from $877psf when the development was initially released in June to $924psf currently.

Source: The Business Times

The wife and I reckon that Singapore must be one of only a handful of countries around the world whereby home buyers take only hours to make purchasing decisions that will cost them in excess of half a million dollars. Maybe we are procrastinators, as it took us more than a week just to decide on buying that new laptop which costed $2,000.

However, we wonder if the recent "blood bath" seen in the worldwide stock markets (the DOW just dropped a whopping 600 points last night!) will put paid to such phenomenon... at least for the short to middle term.

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New Project Info: Boathouse Residences

Boathouse Residences is a new condo project in Hougang. It is located along the riverfront of Sungei Serangoon - the latest reservoir in Singapore.

The project is developed by EastHouse Properties, which is a JV between Frasers Centrepoint Homes, Far East Organization & Sekisui House.

Here are the project details:

Project Name:   Boathouse Residences
District:   19
Location:   Upper Serangoon View (see map)
Site Area:   140,000sqft
Land Tenure:   99-year wef 9th Feb 2011
No. of Units:   493
No. of Blocks/Storey:   6 Blocks of 15/18-Storey
No. of Parking Lots:   493
Estimated TOP:   4Q 2015



Unit Mix:   Boathouse Residences offer a mix of SOHO and apartment units

• SOHO – 1-Bedroom/1+Study (90 units):   635 & 715sqft
• SOHO – 2-Bedroom/2+Study (112 units):   750 & 940sqft
• 2-Bedroom/2+Study (52 units):   835 & 890sqft
• 3-Bedroom Compact (55 units):   990sqft
• 3-Bedroom Typical (122 units):   1,109sqft
• 3-Bedroom Dual-key (18 units):   1,249sqft
• 4-Bedroom (36 units):   1,432sqft

• Penthouses (8 units):   1,518 – 1,722sqft

The wife and I understand that preview will start end-July or Early-August (yes, during the Hungry Ghost Month!) and the preview price will average slightly below $1,000psf.
 

 
We will keep you posted once we have more information.
 
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