Floridian: Update

Just got an update on the Floridian @ bukit timah and here are my thoughts.

A couple of stacks actually overlook the Good Class Bungalow (GCB) area in Bukit Timah, effectively removing the view that the Nexus currently enjoys. Somehow its a blessing to be behind this time! A long cascading pool runs through the estate and apparently one stack located at the end will enjoy the full view.

I always liked that area behind Bukit Timah Rd, it basically consists of really really huge houses and a nice large open field. Expect lots of greenery and a beautiful glow at night. If you are in the area, drive down Old Holland Road, and you might get what I mean. Now imagine that with a 10 storey view from the Floridian.

Price wise, I can't say that it is exactly a bargain, but it is merely following market prices from Cascadia's sale of an entire block earlier at ~$1500psf to a large investor (with mass discounts of course). Resale units of next door 10-year old Maplewoods was asking for $1350psf last time I checked, so this justifies the Floridian's pricing of ~$1680psf.

Floorplan wise, there are apparently large 4 rooms at 1800sf, rare in these days, as well as large 3+1 rooms. Oh, and for those MGS alumni, the school is just beside the condo.

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.