Waterview Condominium: Sales Gallery not open on weekdays?!

The wife and I was in the Bedok area this afternoon and thought we’ll visit the showflat of Waterview Condominium – one of those older “new project” that we have not gotten to yet.

However, we were rather surprised to find the sale gallery closed. For a project that still has over 200 unsold units (as of end-February), one would assume that they be open for viewing on weekdays. That assumption is apparently incorrect.

This is the first time we have seen the actual site of Waterview, and sadly, we were not too impressed. The project is wedged at the corner of the intersection between Tampines Ave 10 and Tampines Ave 1 (next door to The Tropica), and the location came across as rather… ulu (remote).

A long canal (make that a long and wide drain) runs along the side of the project that faces the Bedok reservoir.  The reservoir is also surrounded by thick rows of trees, so we reckon only those “reservoir facing” units above the tree-line will actually get the reservoir view. The lower-floor units will have to contend with the “canal” view – not at all appealing if you ask us.

.

Sales Status: d’Leedon, Spottiswoode Residences & Waterview

.

d’Leedon

During the weekend, CapitaLand sold 48 units at d’Leedon – where Farrer Court used to be – for an average of $1,680psf. It previewed the project only to former Farrer Court owners and 266 households visited the show gallery.

Units sold included one+study, two- and three-bedder units. The former residents were able to choose from 200 units of various sizes across all floors in two towers.

The 99-year leasehold d’Leedon will have 1,703 apartments spread over seven towers and 12 semi-detached houses. Official sales will start this Thursday.

Spottiswoode Residences

UOL Group has sold a total of 252 units out of 320 launched at the freehold Spottiswoode Residences. Selling prices ranged from $1,720 to $2,270psf.

Sales at the project near Tanjong Pagar have been brisk. It was first launched about two weeks ago and 130 units were taken up during a three-day preview, out of 150 released then. The highest price achieved for those 130 units were $2,150psf.

A UOL spokesman said sales of the three-bedroom units were good and almost all of the development’s seven penthouses have been sold.

Waterview

Over at Tampines, Sim Lian Group has sold 375 units at Waterview at an average price of $838psf. It has launched 500 units in the 99-year leasehold project so far.

Sales have risen from last Monday, when the developer said that it sold 332 units.

.

Waterview: 200 units sold!

According to BT today, Sim Lian Group is understood to have sold about 200 units at its Waterview condo at Bedok Reservoir since it began previewing the project on Tuesday this week. The average price is $838psf.

On the other side of Bedok Reservoir, along a stretch boasting a more scenic view of the water, Frasers Centrepoint and Far East Organization are selling units at their Waterfront Gold project at about $980psf and at Waterfront Key at around $1,000psf.

Sim Lian has so far released about half or 348 units of the 696-unit Waterview condo.

The 99-year leasehold project will be officially launched today, accompanied by an advertising campaign.

Units in the 15-storey development range from two- to four-bedders; there are also six-bedroom penthouses. Sizes range from 786sqft for a two-bedroom apartment to 4,768sqft for a penthouse.

The project is at the corner of Tampines Avenue 1 and 10, next to The Tropica.

Sim Lian is developing the project on a site that it clinched at a state tender in March this year for $421psf of potential gross floor area.

Most of the units in the Waterview’s 12 blocks face the reservoir, Tampines Quarry or swimming pools in the development.

The condo’s walls will be washed white and have blue glass windows to reflect the water theme for the project.

After reading the BT report, the wife and I wonder if the quality of Waterview condo will be any better than what we have seen of Sim Lian’s projects so far. As some of you may be aware, Sim Lian is also the developer of Clover by the Park in Bishan. And speaking from our once “close association” with this project, the interior furnishings and fittings of Clover are not much to shout about. But this is just our… humble opinion… as always.

.

Weekend sales update/ Upcoming new launches

Below are complied from ST and BT reports today:

Weekend Sales Update:

The Glyndebourne
CDL’s freehold project The Glyndebourne saw 112 apartments – or about 75% – of the 150 units snapped up during a private preview which began last Friday.

The apartments – housed in eight blocks of five storeys each – were sold at an average price of $2,100psf.

However, prices ranged from $1,900psf to $2,350psf, ranging from about $1.59 million for a one-bedroom plus study unit to about $7.15 million for a five-bedroom penthouse, CDL said.

The project – located on the Copthorne Orchid Hotel site – saw all one-bedroom with study, two-bedroom and three-bedroom with study units sold. CDL said that 10 out of the 23 penthouses, which ranged from 3,541sqft to 3,565sqft, were also snapped up.

75% of the buyers were local, with permanent residents and foreigners from countries such as Malaysia, Indonesia, South Korea and China making up the remaining 30%.

Upcoming Project Launches:

The Lanai
Far East will be officially launching the 214-unit The Lanai – which consists of two-, three- and four-bedroom units that range from 947sqft to 1,615sqft – along Hillview Avenue this weekend.

The 999-year leasehold project has already sold 76 units at a preview last month, which included a bulk purchase, with prices starting from $1,290psf.

Spottiswoode Residences
UOL Group is expected to preview the freehold Spottiswoode Residences condo next week, and the price is expected to be about $2,000psf. About 90% of the 351 units comprise one-bedroom, one-bedroom plus study and two-bedroom apartments.

The project, a 36-storey tower, is next to Spottiswoode Park, a green lung in the area, and close to Tanjong Pagar, which is slated to be transformed into a new bustling waterfront district after the container terminals in the vicinity eventually move out.

The Tanjong Pagar Railway Station site is also expected to be redeveloped after Keretapi Tanah Melayu vacates the site under a historic land-swap deal between Singapore and Malaysia announced in September.

Robinson Suites
Agents are said to be gathering interest for the freehold Robinson Suites at prices ranging from $2,300psf to $3,300psf. The 42-storey project along Robinson Road, to be developed on the VTB Building site, comprises 167 apartments and three ground-floor shop units. All apartments are either one-bedroom plus study units or two-bedders. Unit sizes start at 484sqft.

The developer – a consortium whose shareholders include Cheong Sim Lam (whose family developed International Plaza), Fission Holdings, Tan Koo Chuan and Saw Pik Kee – is pitching the project as the “first ever freehold apartments along Robinson Road”.

Former Farrer Court site
CapitaLand is getting ready to release the first phase of its 1,715-unit condo on the 99-year leasehold Farrer Court site. The 36-storey Zaha Hadid-designed project will feature one to four-bedrooom apartments, penthouses and six-pairs of strata-detached houses.

Waterview
Sim Lian is said to be gunning to release Waterview, a 99-year leasehold condo comprising 696 units at Tampines Ave 1/10 facing Bedok Reservoir, as soon as it gets all the necessary approvals from the authorities.

The mass-market project will comprise tow, three and four-bedroom apartments and penthouses. The average price is expected to be in the $820 – $920psf range.

 
.