Property Picking Up Speed; Hillcrest Villas Sold Out??

"Over in the Dunearn Road location, MCL Land has sold off all but the showflat of its 163-unit cluster terrace housing development, Hillcrest Villas, in two weeks. The average price achieved for the 99-year leasehold development was around $870 psf of strata area." - The Business Times, Sept 25, 2007

Right....and so we now know there is just one slot left for Raffles Girls Primary School...

Launch Leak; Hillcrest Villas Sells, Well Before Shop Opens

Ah...

And so my friendly DTZ agent tells me that a third of Hillcrest Villas, the latest Breakthrough in Nanotechnology, has sold well before its Public Preview. Seems like this points where the market is going, especially for a project that hails from the realm of oh-not-so-popular Cluster Landed (99yr LH).

Economy and speculation aside, can someone please tell me how this 'Preview' thing works?

Select VIP Preview, Developer Staff Preview, Developer VIP Preview, Developer Shareholders Preview, Developer Preview, VIP Preview, Private Preview, Closed-Door Preview, Public Preview, Preview, VIP Launch, Pre-Launch, Soft-Launch, Launch and finally Open-House?

I'm pretty sure some top agent out there is probably reading this laughing at me for getting the simple order wrong though.

Coming Soon (Sept)

Source: The Business Times

Well the chart speaks for itself. Though I heard from a friend last month that the Hilltops by SC Global has been making a soft launch already even during the inauspicious Hungry Ghost Festival. Getting the sub-prime saga jitters eh SC Global?

Oh, and in a case of self-gratification it seems that my post about the Turquiose going for $2500psf was true. Snaps for me!


Source: The Business Times

In the related article by the Business Times, you got to be pretty daft not to figure out by now that the top is saturated and developers will be going after the mass market. Smaller cheaper condos will now be seen mushrooming out in the spillover areas. Something that India is going through now (correct me if i am wrong!).

Time to go shopping.

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.

Advance in Nanotechnology Reaches New High; Property Developers Dig New Low

Source: Prophunter

Introducing the Hillcrest Villas (D21): 163 cluster terraces in 256, 486 sqft of land.

Don't be fooled by the seemingly decent landsize. By guesstimation, Condos on plots that size have roughly 20-30 stacks at most and this? A massive 163 stacks packed into a medium-sized parcel of land. Reminds me of the never ending cascades of UDMC Chalets at East Coast Parkway.

Well, one man's meat is another man's poison...furthermore it's only a whisper away from Raffles Girl's Primary School - a prime breeding ground for capable future CEOlettes who might decide not to pack 163 cluster terraces in 256,486 sqft of land.

Thanks Prophunter for your contribution.