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In this new weekly column, we bring you a sampling of properties up for sale around the island. In the spotlight this week and next: New project launches.

Whitley Villas
freehold
115 Whitley Road
Units: Six semi-detached houses and two cluster bungalows

Prices: $3.5 million for a semi-detached house, $4.5 million for each bungalow

Launch date: Yesterday

Developed by the Fortune Group, this series of two-storey houses, with attics, is located in an established residential area near the Catholic Junior College.

The semi-detached units range in size from 2,895 sq ft to 3,024 sq ft.

Also on offer are two cluster bungalows - one 4,219 sq ft and the other, 4,316 sq ft, in size.

Huit Terraces
999-year leasehold
6-10 Meng Suan Road

Units: Eight terraces

Prices: $2.3 million for corner units and $1.75 million for intermediate ones

Launch date: Yesterday

The main draw of these three-storey terrace houses is a private infinity pool on the second floor of each unit.

The corner houses each have a land area of up to 3,162 sq ft, with a built-up area of up to 5,134 sq ft.

The intermediate units each have a land area of 1,957 sq ft and a built-up area of 3,912 sq ft.

East Coast Residences
freehold
412 Upper East Coast Road

Units: 59

Prices: From $994 per sq ft (psf), averaging $1,125 psf. Monthly maintenance estimated at $225 to $360

Expected launch date: April/May, but previews are ongoing now

This project, near the Lucky Heights area, offers mainly smaller units, starting at 517 sq ft for a one-bedroom unit with a study and going up to 1,238 sq ft for the three-bedroom units.

There are also 10 penthouses, from 1,378 sq ft to 1,679 sq ft in size. Floors are marble in the living and dining areas and timber in the bedrooms. Wardrobes, kitchen cabinets and ovens are provided.

Ventura View
freehold
16 Rambutan Road, off Joo Chiat Place

Units: 24

Prices: $800 to $950 psf

Launch date: This week

Located near several well-known eateries, Ventura View offers a wide range of units, from studios starting at 397 sq ft in size to a four-bedroom penthouse that spans 2,286 sq ft.

The project, by construction firm DJ Builders, comes with a swimming pool, a gym and barbecue areas.

Source : Sunday Times - 6 Apr 2008

FRASERS Centrepoint has sold 80 per cent of its Soleil @ Sinaran condo near Novena MRT Station at an average price of nearly $1,500 psf, with 173 units sold at yesterday’s soft launch, following last week’s staff and VIP preview when 156 units were sold.

Soleil @ Sinaran

The 99-year leasehold condo seems to have attracted predominantly Singaporeans and permanent residents, according to Frasers Centrepoint Homes chief operating officer Cheang Kok Kheong.

Buyers included a mix of investors as well as likely owner occupiers, drawn by the project’s location and its proximity to the Orchard Road belt, he added. There was a buyer who purchased an entire floor of seven apartments, Mr Cheang revealed.

‘Those who’re buying properties are basically looking at a long-term investment and the real economy here is still doing well,’ Mr Cheang said in explaining why the US sub-prime woes and global stock market rout seem to have had little impact on Soleil buyers.

Soleil @ Sinaran comprises two 36-storey blocks. Apartments come with one, two, three and four bedrooms. Frasers Centrepoint will release the project’s four penthouses - each with five bedrooms - at today’s official launch. Their prices start from $8.5 million.

Source : Business Times - 17 Aug 2007

Despite fears of dampened demand caused by the Hungry Ghost Festival and the US sub-prime crisis, a condominium near Novena Square managed to sell off 80 per cent of its 417 units in just four days, ahead of its launch today.

Soleil @ Sinaran, the latest lifestyle residential condominium by Frasers Centrepoint Homes (FCH), sold an impressive 173 units at its preview yesterday, following a private viewing at the weekend which saw 156 units snapped up.

Located close to the Novena MRT station, the units — ranging from studios to loft apartments and penthouses — are priced at an average $1,500 per square foot.

Designed to suit urbanites, the condominium — which, upon completion, will be the biggest development in the area to date — features a flagship partnership with Aramsa Spas, which will provide residents with private spa treatments.

“Discerning homebuyers today no longer just purchase the conventional ‘four walls’ but look for the X-factor,” said Frasers Centrepoint Limited’s chief operating officer Cheang Kok Kheong.

Other features include entertainment and spa pavilions and a sports bar on the sky terrace.

FCH will be launching two more development projects — an as-yet unnamed 302-unit development in Kim Yan Road in October, and a joint-venture project with Far East Organisation at Bedok Reservoir later this year. — Daphne Chuah

Source : Today - 17 Aug 2007

The soft launch of property development “Soleil@Sinaran” on Thursday has set a new benchmark for the District 11 area.

About 80% of the more than 400-unit condominium, developed by Frasers Centerpoint Homes, has been sold.

Many prospective home buyers seem to be comfortable with the going rate of $1,500 per square foot.

That means a two-bedroom unit costs about S$1.5 million, while a three-bedroom or four-bedroom unit sells for between $2 million and $2.5 million - making it the most expensive condominium sold to date for the District 11 area.

“For the time being, it really is. But there are a lot of other developments around this area. Newton is becoming a very choice location now, a good alternative to Orchard Road,” says Cheang Kok Kheong, Chief Operating Officer of Frasers Centerpoint Homes.

Prices of other condominiums in the Newton-Novena area average about $1,200 psf.

Soleil@Sinaran’s neighbouring freehold condominium Appleton View is going for $1,200 psf in the resale market.

Down the road, Newton One averaged about $1,300 psf just last month.

Soleil@Sinaran’s new price tag suggests the property market is not about to cool off anytime soon.

“It’s definitely a benchmark, we’ve not seen prices like that for a 99-year leasehold properties in that area. We saw the highest prices in 1996, and in 1998 during the financial crisis, we saw the lowest in prices. The cycle is about 13 years… Therefore the next highs would probably be around 2009, maybe 2010. But to be fair, cycles can change,” said Chris Koh, director of Dennis Wee Properties.

But some analysts said what goes up must come down.

They worry that it is speculative and it’s the foreign buyers that are pushing up the property prices.

So what should you do?

Koh advised home buyers to buy within their means.

Another advice - look outside of Districts 9, 10 and 11 where prices are still relatively affordable for now. - CNA /ls

Source : Channel NewsAsia - 16 Aug 2007

The average price is understood to be around the $1,400 to $1,500 psf range

FRASERS Centrepoint says it has sold 37 per cent of the 417-unit condo, Soleil @ Sinaran near Novena MRT Station, at staff and VIP previews last week.

Soleil @ Sinaran

The average price for the 99-year leasehold project is understood to be somewhere in the $1,400 psf to $1,500 psf range.

Frasers Centrepoint declined to comment on the pricing yesterday, ahead of a soft launch tomorrow for those who have indicated interest in the project.

BT understands the project is being marketed by Savills Singapore and Knight Frank.

The condo has two 36-storey blocks including units with one, two, three and four bedrooms. Some of the two-bedders come with lofts.

The project’s four penthouses will each have five bedrooms.

‘Soleil @ Sinaran will feature a flagship partnership with Aramsa Spas under which residents will be able to enjoy private spa treatments at their doorstep,’ Frasers Centrepoint announced.

The condos, designed by Architects 61, will feature spa cabanas as well as entertainment pavilions where parties can be held in a poolside setting.

The entire 20th floor will be dedicated to a sky terrace with an outdoor and indoor gym and a sky garden.

Soleil is being developed on a site that Frasers Centrepoint clinched at a state tender that closed in July last year.

Its top bid of $238 million worked out to a unit land price of $507 per square foot of potential gross floor area.

Source : Business Times - 15 Aug 2007