The 2 enbloc sales in Balestier area have been successfully clinched as planned. Far East & Orchard Parade purchased Pastoral View together with adjacent OCBC land at an estimated $847 per square foot per plot ratio (psf ppr), and a local boutique developer bought Melrose Court at $665 psf ppr.
With the series of cooling measures introduced lately by Government, we expect to see more caution from developers in their land bidding. However freehold prime sites with sizeable areas are difficult to come by nowadays, therefore the recent enbloc at Pastoral …

Leicester Suites is a new project along Leicester Road in Potong Pasir area. Located at 10 Leicester Road, it is situated between residential developments Platinum Edge and Intero developments. Just across the Leicester Road, it sits the One Leicester development by Centrepoint Properties.

Leicester Suites is developed by Macly Capital Pte Ltd. Macly Capital Pte Ltd is the developer of Wilkie 80, Zedge, and Newton Edge. You will realise that their projects are mostly boutique project with small units. It is the same case for Leicester Suites. With 14 storeys high, …

There are some road names that have been  Singapore history with the city’s rapid urban development and rejuvenation. If you are still looking for a lane named Jalan Bunga Raya in Balestier and off Irrawaddy Road, you may want to know that this road has been long gone over taken by a high rise residential development currently in construction. Domus, as the name of the new development, is a 29 storey residential development of 109 units which will be completed in the year of 2013.
 
 
Jalan Bunga Raya was previously a …

Walking along the Kim Keat Road gives me a sense of nostalgia and laid back feel. The stretch of shophouses is made up of mix of two to 4 storey heights. They are of the more latter construction, and do not carry much of colonial influence in the design. A couple of units are not well taken care of, and they need face lifting.
 

Turning towards the Kim Keat Lane, you would see Fayidha Restaurant. It is a 24 hours shop serving Indian and Indian-Muslim food. I had the roti prata …

Balestier is sandwiched in between of the 2 ‘prime areas’ of Novena and Toa Payoh. I start to have this crazy bold idea why we are not able to have a MRT station in the middle of the 2 MRT station. Underground construction wise if not a problem if this is well planned. And it would not cause much hassle to the Balestier area since the construction site will be much more localized in the MRT station area.

Zhong Shan Park as Balestier MRT station
And I am think the current Zhong …

Woodleigh area came into ‘limelight’ with the successful launch of 8 @ Woodleigh by Fraser Centrepoint last year. 8 @ Woodleigh is 99 year leasehold development of 330 units, which was sold at an average of $770 to $1000 depending on the unit sizes.

Therefore Euro Asia Park, a freehold development located nearby at 25 Woodleigh Close, appears to be exceptionally attractive with its transaction price from $530 to $820 psf in the recent months. Same as the 8 @ Woodleigh, Euro-Asia Park is just minutes away from Woodleigh train station …

The Centro Residences development by Far East Organization, which is located strategically next to AMK hub and opposite AMK MRT, has been awarded to homegrown developer Lian Beng Group at S$78 million construction deal. It is a construction of a 34-storey residential tower with a multi-storey carpark, clubhouse, swimming pool and playground. The work on the development is expected to start in March and will be completed by January 2013.

Remember that the Centro Residences was the first development in suburban to be launched at  over $1000 psf, moreover it is …

We bypassed the Zhong Shan Park site, and found that the construction works is getting started. Looking at the scale of the development, I could imagine that the residents around may be concerned of the noise it could generate during the construction period. However it is the sacrifice to be made for the better amenities and convenience they are getting in future.

Would like to have a quizz with the keithyip.com readers. There have been so many construction sites around us. Have you ever wonder what is the nature of works …

This Saturday Straits Times covered quite a thorough detailed report on the property sector, its roller coaster rides over these past 2 years. It has somehow prompted me to review several property projects in retrospect.
Still remember the small player, Bravo Building construction turned developer? It defaulted its collective sale deals in $516 million Tulip Garden in Holland Road, by forfeiting its $25.8 million deposit in April 2008. During the turbulent period, many developers suffered under the hand of the financial crisis. And it has been more unforgiving to the small …

 
Cube 8 artist impression
 

View of The Albany, Thomson Mansion & the Arte from PIE flyover
 This is the site that the new Cube 8 by CDL will be located. Currently it is sitting the old development of the Albany & Thomson Mansion. They were acquired by CDL in 2006 & 2007. The Albany was acquired for $65mil with a plot ratio of 2.8, with an additional of development charge of $174,000 (which is insignificant to the developer).

View towards The Albany & Thomson Mansion from Thomson Road, Google streetview
Not sure if you …