Spottiswoode 18: A reader’s perspective

The wife and I have received an email from one of our readers who was at the launch of Spottiswoode 18 yesterday. And below are his thoughts about the project:

“Hi, I’ve enjoyed reading your blog and thought I’ll send you some photos of the showroom and my perception at the launch yesterday.

At 630pm, only the 25 floor and above for the 1bdrm units were available. Prices are $2200psf for 25th floor after launch discount. A 2bdrm unit on the 15th floor is $1900/psf.

Seems that the developer’s agents, associates and VIP clients had snapped up most of the low floor units already.

The 2 show units are the 2bdrm (650+ sq ft) and the 1bdrm (387sq ft). The units do not have bay windows and the balconies are significantly smaller than the huge ones at Spottiswoode Residences. In fact the 2 bedrooms at the S18 are almost the same size as the 900sq ft equivalent at SR.

Pls feel free to use these photos and the info above, but pls keep my name and email private and confidential.”

We would very much like to give credit when credit is due, but we also respect the author’s request for privacy. So thank you very much for the contribution – we are certain that this is most appreciated not just by us, but also those who are sick of just hearing from us. 🙂

The wife and I certainly welcome more contributions from our readers about your showflat visits, so keep those coming!

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Sales Update: Spottiswoode 18

The ST today reported that some property buyers shrugged off the latest cooling measures to take up flats at yesterday’s preview of Spottiswoode 18, which will be built on the old Dragon Mansion site in Tanjong Pagar.

Around 68% or 170 units out of the 251 units up for grabs were sold, said developer Roxy-Pacific Holdings.

The units sold were mainly smaller flats. Average prices were $1,900psf and the price of a 387sqft, one-bedroom unit started from a relatively affordable $688,900.

More than half of the units at the project near Tanjong Pagar MRT station are “shoebox” apartments – less than 500sqft in size.

While the response was strong, its average psf prices were also marginally lower than what nearby Spottiswoode Residences had been fetching recently.

Some former Dragon Mansion owners said they were interested in the new property for sentimental reasons while many others said they were still keen to buy for investment, given the low interest rates.

And they kept on coming…

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Spottiswoode 18: Soft launch starts today!

According to a BT report, Roxy-Pacific Holdings will roll out its new residential project, Spottiswoode 18 today.

Prices at the project on Spottiswoode Park Road will start from $688,900, the developer said yesterday.

The 251-unit Spottiswoode 18 has one- and two-bedroom units as well as duplexes and penthouses. Units range in size from 387sqft to 1,324sqft.

More than half of the units – 150 out of 251 – are 387sqft.

Spottiswoode 18 will be built on the site which now houses Dragon Mansion. Roxy-Pacific bought the 72-unit Dragon Mansion in a collective sale for $100.8 million, or $863psf ppr including the estimated development charge.

From the original 72 units that was Dragon Mansion to the 251 units that will be Spottiswoode 18, this translates to a 3.5 times increase in the number of apartments on the same site area. And assuming that the start price of $688,900 is for the smallest apartment at 387sqft, this equates to about $1,780psf.

But yes, the quantum amount is affordable…

Spottiswoode 18 (Project Info) http://d1.scribdassets.com/ScribdViewer.swf?document_id=47077878&access_key=key-1j3hls64u7d3163oxnu1&page=1&viewMode=list
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Spottiswoode 18

The BT today reported that some agents are gathering interest for Spottiswoode 18, which will come up on the site of the former Dragon Mansion near Tanjong Pagar.

Roxy-Pacific Holdings had bought Dragon Mansion en bloc late last year. There are plans to build a 36-storey residential tower on the site, with 251 apartments measuring 387sqft to 1,324sqft. Prices are said to be above $2,000sqft.

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