Thursday, September 20, 2007

Cascadia? Finally some news?

Source: Straits Times

Bukit Timah (D21) has been long slated to be the next 'spillover' area from escalating property prices along with Meyer Rd (D15).

However what the D15 area has achieved recently has only made its luscious green and hilly counterpart turn only more green in envy.

Projects that have been lined up to launch in D21 have been 'delayed' forever. Leaving agents red faced when clients demand they make good on their 'launching this weekend' promises. These projects are: Jardin, Cascadia, Hillcrest, Floridian and unnamed projects along Shelford Rd and Balmoral.

However the latest development was spotted in a one-liner in the Straits Times to conclude the article on a $2.02b bid on a prime site at Marina: "MGPA has been on an active buying spree here. In March, it agreed to buy Temasek Tower from CapitaLand for $1.04 billion. Last month , it also bought 162 units of Allgreen Properties' Cascadia condominium in Bukit Timah for a median price of $1,527 psf, sources said".

Well there you go folks. Finally after all the hush hush from Knight Frank, the exclusive marketing agent, we know whats going on - the cream of Cascadia is probably being made available for tenancy before brochures are even printed.

Now sit back and watch the Maplewoods, Sterling, Blossomvale and gang skyrocket.