Meadows @ Peirce Launch Frequently Ask Questions

I have quite abit of interest registered with me quite surprisingly despite having Meadows@Peirce entry just written last night.

Another Artiste Impression of Meadows@Peirce

A few questions which you could be asking if you’re interested in Meadows @ Peirce (tsk tsk. you’re a nature lover)

Who is the appointed marketing agent for Meadows@Peirce?

There are two realty companies involved in this joint marketing campaign, namely ERA and Knight Frank (dum dum dum!)

When is the launch date?

It would be announced tomorrow in a seperated briefing from the developer attended by both joint marketing agents.

Where can I download a copy of the sitemap for Meadows @ Peirce?

Google it! There’s plenty of agents who has uploaded the sitemap. Hmm, I’ll cut your time short, download it directly from here.

Err, the floor plans?

Right here (:

Can I have more details of Meadows@Peirce?

Refer to the blog entry here.

Can we get the units we want right away by pre-booking?

Nay. Until further information is disclosed by the developer UOL tomorrow, both the joint marketing agents will not know what’s going on. BUT! you can contact your friendly agents from Knight Frank (not too sure about ERA procedures) to fill up a pre-booking form and have your friendly hardworking agent ready.

Not sure who to trust? Contact me (+65 9125-3045) and I’ll have my team tailor to your booking needs.

Will this project sell out?

Beats me, but its a pure question of how the market is trending now. As we know, the primary sales market is fiercely climbing, again people who really loves nature and likes the vicinity will understand Meadows@Pierce has its unique nature factors which can’t be offered by a very urban Singapore.

There are only a few places which I could associate nature and Meadows@Peirce is definitely sitting on one.

How much will my favourite or choice unit be priced?

Not till tomorrow do we know the indicative, but I did a little homework and this could be a guideline,

Meadows @ Pierce launching soon. Following the successful launch of the Double Bay Residences (DBR), UOL will be launching another mass market project – Meadows @ Peirce, in 2-3 weeks’ time. According to Knight Frank, the marketing agent for the project, this 479-unit freehold residential development at Upper Thomson Road consists of a refurbished tower block (14 storey) and three 5-storey blocks and will include small-size units to cater for the market demand. Launch price for this project is expected to average around S$900 psf, which is higher than the S$800 psf that we have assumed in our valuation. UOL will also be able to save on the construction cost through the refurbishment of the existing 14-storey tower. We estimate the breakeven price of this project to be ~S$670 psf, which could potentially yield a healthy profit margin of 26% for UOL.

Wait! What’s the Real Name of the Project? Meadows @ Peirce or Meadows @ Pierce!?

Meadows @ Peirce (Peirce Reservoir)

Priority VVIP Preview?

~~We’ll have to wait till the announcement tomorrow~~. (Latest Update), Preview for Knight Frank registered buyers is on the 24th of July, but you can book your choice unit as early as 19th of July if you do not need to visit the showflat.

If you love what you saw, or at least saw both the sitemap, the layouts and definitely the descriptions of Peirce@Meadows, i would suggest you to contact your favorite Knight Frank agent or me (+65 9125-3045) for a no obligation discussion.

New Meadows @ Peirce Perspective //5.57 mb (Updated 17 July 2009 2300 hrs) + Artiste Impressions + Much Clearer Site Plan For Download

Meadows @ Peirce Launching Soon

meadows @ pierce artiste impression — benson koh - meadows @ pierce

Knight Frank is proud to be one of the official marketing agent for this lush-greenery massive project in Upper Thomson Road.

Project Details of Meadows @ Peirce (District 26)

Location: Former Green Meadows (101 – 119 Tangore Avenue)
– Full Condo Facilities
– Landsize is a massive 461,004 sqft
– Tenure is Freehold
– Developer is UOL
– Expected TOP would be 30 September 2012
– Total of units is 479 (1 block of 14 storey, 3 blocks of 5 storey)
– Types of units available:-

1-Bedroom 517 sqft (4 units)
1+1 Bedroom 635 sqft (48 units)
2-Bedroom 915 sqft – 1195 sqft (86 units)
3-Bedroom 1184 sqft – 1518 sqft (147 units)
3-Bedroom (Tower Block) 1195 sqft (48 units)
4-Bedroom 1625 sqft – 2077 sqft (74 units)
5-Bedroom 2497 sqft – 2680 sqft (15 units)
Ground Mansionette 2659 sqft – 2702 sqft (8 units)
Penthouse 2045 sqft- 3068 sqft (49 units)

This project offers lush and spectacular views of 360-degrees pure greenery. If you love nature (I know I do), this will be a quality product coming from UOL not to be missed.

Preview invites are coming soon so do register your interest with your favorite Knight Frank agent to get possible first hand information. Oh you don’t have one? You can register your interest with me (+65 9125 3045) too

First En Bloc Attempt in 2009 – Dragon Mansion

En-bloc uh oh, credits to Ang Morh, Flickr

The first attempted enbloc is finally happening with the surge of market movement lately in property riding on the possible surge and better sentiments in the property market.

The 16 year old 72-unit freehold Dragon Mansion (District 2) on Spottiswoode Park Road has crossed the consent figure of 80% to proceed with the en bloc sale.

Dragon Mansion has a designated residential land area of 41,874 sqft with a plot ratio of 2.8 and can potentially yield a maximum gross floor area (GFA) of 111,700sqft. CKS Property is the marketing agent for the en bloc sale.

High Asking Price?

The asking price for the en bloc is at $1,020 per square foot per plot ratio (psf ppr) which totals the possible development charge to be around $400,000. The asking price set is based on ‘limited availability of such freehold residential land near the central business district’.

Will it go? It’s hard to tell since the price tagged is really steep at the moment as property watcher noted that UOL in the property peak times (2007) has paid for Oakwoods Height which was just nearby at 740 psf ppr.

Again, we should probably see new en bloc attempts coming up again if primary sales market continue to move as developers will be looking for new supply of their land bank.

The Edge – Done Deals Between 30th May – 5th June 2009

Download a copy of the latest The Edge’s done deals that focuses on property transactions in Singapore that happened between the dates.

Last week in the limelight, the Edge mentioned some Sky@Eleven units transacted between 1,140psf – 1,200psf in the first week of June.

Download The Edge – Done Deals Between 30th May – 5th June 2009

Tsk, do yourself a favour, subscribe to The Edge if you can as this can be found on your weekly dose of serious business and property news.

Private Homes Slide 5.9% in 2Q 2009

The Urban Redevelopment Authority (URA) has flashed its figures for the 2nd quarter, showing a softer slide as compared to the previous quarter this year.

Based on the estimated price index of private residential property, prices fell from 139.9 points in the 1st Quarter 2009 to 131.7 points in the 2nd Quarter 2009. This represents a decline of 5.9%, compared with the 14.1% decline in the previous quarter .. (source, URA)

Despite having such results which surprised many analysts, we know that the market was moving tremendously towards the 2nd half of the 2nd quarter as primary sales surges and developers readjusting their launch prices upward.

It’s a dilemma situation where sentiments over-rule the current economy situation as local buyers are now pouring back into the market to avoid missing any possible bubble that our local real estate industry might be creating.

Buying, anyone? ;)

Far East Organization Silversea is Relaunching; MEIER Suites & Ascentia Sky Launching Soon

Silversea (D15) Relaunches

Far East has just given an agent briefing this afternoon about the upcoming relaunch for The Silversea (District 15) next week with some indicative prices and a tour of the showroom on the finishing and furnishings provided by the developer.

This 99-year leasehold project definitely occupies on of the best plot of land with a never to be blocked sea view in East Coast. Brochures will be available soon here as soon as they’re being scanned.

New Launch in Meyer (D15)

Knight Frank will have also another upcoming new launch for a small project MEIER Suites in Meyer (D15) the former Margate Mansions, with indicative prices from 1,200psf onwards, to register interest, you can call me at +65 9125 3045 or contact me.

Wingtai’s Ascentia Sky (D03) Launching

Capitaland’s Metropolitan has TOP last month, with transaction prices asking as high as 1,100psf. Some of the owners actually held back their units sales in anticipation on next door neighbour’s Ascentia Sky by Wingtai on their price launching to determine how much they should be pricing their existing units.

Ascentia Sky is also a 99 years leasehold property that enjoys almost the same proximity as Metropolitan and has great views of Orchard, Sentosa and Marina Bay.

CapitaLand’s Latitude Relaunches

Artiste Impression of The Latitude - Winner of BCA's Green Mark Gold Award

Amidst the heat in the primary market, new launches and relaunches are back, here’s another highly anticipated lovely project rekindled by Capitaland this 2nd of July, The Latitude.

Artiste Impression Latitude - Living Room

Latitude Project Details

Type – 1 block of 22-storey & 2 blocks of 23-storey residential towers with condominium facilities & basement car-parking lots
Developer – Phoenix Realty Pte Ltd (CapitaLand)
District – 10
Tenure – Freehold
TOP – Estimated June 2011
Address – 31, 33, 35 Jalan Mutiara
Number of units – 127
Type of units are

2-bedroom (1,324 sqft)
3-bedroom (1,615 sqft & 1,927 sqft)
4-bedroom (2,680 sqft)
Penthouse (5,317 sqft)

Plot size – 125,135 sqft
Facilities include

Children’s Playground
Tennis Court
Fitness Areas
Children’s Pool
Gymnasium
Feature Pond
Clubhouse
BBQ Area
Jacuzzi
Reflecting Pool

Estimated Maintenance Fees

2-bedroom – $588
3-bedroom – $588 – $756
4-bedroom – $756 – $840
Penthouse – $1,176 – $1,260

Download a copy of the black & white version of Latitude brochure with all available layouts here (3.2mb)

Location is Ace and Quiet

The layout and sizes of the units in The Latitude is impressive, not to mention its no-frill location. Walking out of Jalan Mutiara, you have good eateries like Boon Tong Kee chicken rice, indian stalls selling good indian food and more.

Within 10 minutes driving distance, you’ll be in the Central Business District (CBD), and don’t forget about Orchard Road, which is just minutes away.

Indicative Launch Price

2-bedrooms 1,324sf from $1,645psf ($2,177,980)
3-bedrooms 1,615sf/1,927sf from $1,700psf ($2,745,500 & $3,275,900)
4-bedrooms 2,659sf from $1,823psf ($4,847,357)

Contact Benson To Find Out More About Latitude

If you’re interested in visiting the show-room or enquire more about The Latitude, feel free to fix an appointment with me by calling +65 91253045 or send me a message.

Rent Protection? Go Directly To Insurance Company

With effect from 1st July 2009, Landlords who’s interested in the Renter’s Protection Insurance will have to directly liase with JLT as the old method of distributing the policy is in conflict with MAS’s policy.

Dear Estate Agent,

Subject: Rent Protection Insurance – Revision in Distribution Method

We regret to inform that the Monetary Authority of Singapore (MAS) has recently determined that estate agents cannot promote insurance products for referral fee unless the estate firms are registered with General Insurance Association of Singapore (GIA) as Trade Specific Agents. To register as GIA’s trade specific agents, the agents of estate firms have to undergo training in lieu of an examination to comply with MAS’ competency requirements. Estate firm will also need to enter into an agency agreement with the insurer.

Hence, it has been decided that the distribution model for our Rent Protection Insurance (RPI) shall be modified so as not to breach MAS’ requirements. With effect from 1 July 2009, landlords will now purchase the RPI themselves directly from the website, instead of applying through estate agents. Your login userid and password will cease to be valid at our website and no referral fee shall be paid to estate agents for policies purchased from 1 July 2009.

For those policies which have already been purchased through estate agents before 1 July 2009, we will ensure that referral fees are paid to the respective estate agents accordingly.

We apologise for the inconvenience caused and thank you for your support thus far. Going forward, should your landlord requires clarification on the RPI, please inform them to visit our website or contact our RPI hotline directly at 64119301.

25 Oxley Walk Belle Vue Residences Floorplan Reference

Belle Vue Residences - Block 25 Released — Bella Vue Residences - Wing Tai's new Oxley Luxury Low-rise Condominium Project

It’s a little late from my end and Belle Vue Residences units have been moving steadily, do download a copy of its latest release at block 25 for your reference.

Buyers who are interested in Belle Vue Residences, a Toyo Ito architectural production can enquire or register their interest with me to visit the showroom. Remember, the return on equity rebate offer and Deferred Payment Scheme is still on specially just for buyers.

Down a portion copy of Belle Vue Residences brochure for 25 Oxley Walk here

Law Firm Pays $750,000 Difference for Not Exercising Option on Time

This will serve as a wake up call on the duties as a conveyancing law firm to or even to remind the client to exercise his/ her option to purchase on time.

June 20, 2009

A day late and $750,000 short for law firm

Clients win suit against firm for being late in filing purchase option for condo unit
By Desmond Ng

WHAT a difference a day makes.

For one couple, the mere delay of a day in buying their dream home cost them more than $700,000.

And the law firm, Toh, Tan & Partners, which had acted for them in the purchase, was made to pay them $750,000 in compensation.

The couple, Mr Chee Peng Kwan and Ms Jackelyn Sim, had instructed the firm to exercise their option to buy a property.

But the firm was one day late in doing so, resulting in the couple losing out on the chance to buy a unit at The Seafront on Meyer, a freehold condominium development along Meyer Road, in April 2007 at an offer price of $2.9 million.

Continue reading “Law Firm Pays $750,000 Difference for Not Exercising Option on Time” →