c2 money invest condo strip boosts bedok reservoir’s appeal

1
By AMANDA TAN A QUIET stretch in Bedok Reser- voir Road has been transformed in recent years into a row of pri- vate condos housing more than 2,300 units. The new developments have helped to raise home-buyer inter- est for the entire area, said Mr Alan Cheong, Savills Singapore’s head of research. Four condos in the Waterfront collection developed by Far East Organization and Frasers Cen- trepoint dominate the strip. The 405-unit Waterfront Waves, ready last year, was the first to be completed. The 437-unit Waterfront Key and 361-unit Waterfront Gold are fully sold and due to be complet- ed in the next couple of years. Farther down the road is UOL Group’s Archipelago, which was launched in December. About 485 flats have been sold at the 577-unit project. It was launched at a median price of about $1,118 psf, slightly pricier than Waterfront Isle, which was launched in January last year at a median price of $980 psf. Waterfront Key, launched in 2009, was sold for a median price of about $734 psf. A year later, Waterfront Gold went for a medi- an price of about $996 psf. While the Waterfront condos are separated from the reservoir by a road, most of the units have unblocked water-facing views, es- pecially those on the higher floors, but some apartments at the lower-rise Archipelago may not enjoy the same view. Older condos nearby are re- cording higher median resale pric- es. For instance, Aquarius by the Park had a median price of $864 psf in the second quarter of this year, on $799 psf a year earlier, said Mr Lee Sze Teck, Dennis Wee Group’s senior manager of train- ing, research and consultancy. There is no MRT station at Bedok Reservoir yet but that will change in 2017 when the new Downtown Line opens. The spruced-up reservoir park will al- so add to the area’s appeal, with an outdoor adventure centre and restaurant. Ms Moupiya Chatterjee, 40, moved into her $1.35 million three-bedder at Waterfront Waves in May – a unit she loves for its design, patio and reservoir view. “I was looking for a new condo in the east, and wanted a water view. But those in East Coast were too expensive,” said the bank project manager. [email protected] Waterfront projects helping to raise home-buyer interest for entire area Condo strip boosts Bedok Reservoir’s appeal THIS IS A WEEKLY TABLE, FEATURING HOME SALES IN DIFFERENT AREAS OF SINGAPORE Non-landed private home sales with caveats lodged for Districts 1, 2, 3, 4, 5, 7 and 8 in July Project Price ($) Area (sq ft) Psf ($) 1,233,000 1,760,000 1,535,000 2,300,000 1,400,000 1,638,000 1,600,000 670,000 1,250,000 1,280,000 2,000,000 940,000 990,000 1,330,000 1,030,000 1,060,000 860,000 1,298,556 683,958 823,595 1,400,000 1,130,000 1,500,000 Blue Horizon Botannia Carabelle Flynn Park Gold Coast Condominium Heritage View Heritage View Jubilee Residence Le Hill Condominium Monterey Park Condominium One-North Residences One-North Residences One-North Residences Palm Green Palm Mansions Park West Regent Park Seahill Seahill Seahill The Infiniti The Infiniti The Infiniti 1,152 1,561 1,259 2,185 1,475 1,507 1,507 495 1,055 1,259 1,421 592 592 1,442 1,098 1,249 807 861 495 527 1,367 1,281 1,496 1,071 1,128 1,219 1,053 949 1,087 1,062 1,353 1,185 1,016 1,408 1,588 1,672 922 938 849 1,065 1,508 1,381 1,562 1,024 882 1,003 Project Price ($) Area (sq ft) Psf ($) District 1 Emerald Garden Marina Bay Residences Marina Bay Suites The Clift The Clift The Clift District 2 76 Shenton 1,850,000 1,660,088 4,424,400 2,326,400 1,172,000 1,180,480 1,120,000 1,216 743 1,572 829 527 527 592 1,521 2,235 2,815 2,807 2,222 2,238 1,892 ST GRAPHICS Bedok Reservoir BEDOK RESERVOIR ROAD BED O K RES E R VOIR ROAD P A N -ISLAND EXPRESSWAY B E D O K N O R TH ROAD BEDOK NORTH AVE 3 WATERFRONT LIVING Waterfront Isle (upcoming) Archipelago (upcoming) Waterfront Gold (upcoming) Waterfront Key (upcoming) Baywater The Clearwater Aquarius by the Park Waterfront Waves (completed) Yu Neng Primary School Damai Secondary School Damai Primary School Bedok West Primary School Red Swastika School Bedok Town Secondary School Bedok Green Secondary School Bedok Town Park B e d o k R e s e r v o ir P a r k C2 M O N E Y I N V E S T SATURDAY, AUGUST 25, 2012

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By AMANDA TAN

A QUIET stretch in Bedok Reser-voir Road has been transformedin recent years into a row of pri-vate condos housing more than2,300 units.

The new developments havehelped to raise home-buyer inter-est for the entire area, said MrAlan Cheong, Savills Singapore’shead of research.

Four condos in the Waterfrontcollection developed by Far EastOrganization and Frasers Cen-trepoint dominate the strip.

The 405-unit WaterfrontWaves, ready last year, was thefirst to be completed.

The 437-unit Waterfront Keyand 361-unit Waterfront Gold arefully sold and due to be complet-ed in the next couple of years.

Farther down the road is UOLGroup’s Archipelago, which waslaunched in December.

About 485 flats have been soldat the 577-unit project. It waslaunched at a median price of

about $1,118 psf, slightly pricierthan Waterfront Isle, which waslaunched in January last year at amedian price of $980 psf.

Waterfront Key, launched in2009, was sold for a median priceof about $734 psf. A year later,Waterfront Gold went for a medi-

an price of about $996 psf.While the Waterfront condos

are separated from the reservoirby a road, most of the units haveunblocked water-facing views, es-pecially those on the higherfloors, but some apartments atthe lower-rise Archipelago maynot enjoy the same view.

Older condos nearby are re-cording higher median resale pric-es. For instance, Aquarius by thePark had a median price of $864psf in the second quarter of this

year, on $799 psf a year earlier,said Mr Lee Sze Teck, Dennis WeeGroup’s senior manager of train-ing, research and consultancy.

There is no MRT station atBedok Reservoir yet but that willchange in 2017 when the newDowntown Line opens. The

spruced-up reservoir park will al-so add to the area’s appeal, withan outdoor adventure centre andrestaurant.

Ms Moupiya Chatterjee, 40,moved into her $1.35 millionthree-bedder at WaterfrontWaves in May – a unit she loves

for its design, patio and reservoirview.

“I was looking for a new condoin the east, and wanted a waterview. But those in East Coast weretoo expensive,” said the bankproject manager.

[email protected]

Waterfront projects helping to raisehome-buyer interest for entire area

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Condo strip boosts Bedok Reservoir’s appeal

THIS IS A WEEKLY TABLE, FEATURING HOME SALES IN DIFFERENT AREAS OF SINGAPORE

Non-landed privatehome sales with caveats lodged for Districts 1, 2, 3, 4, 5, 7 and 8 in July

Non-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed privateNon-landed 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caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with caveats home sales with 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Project Price ($) Area (sq ft) Psf ($)

1,233,0001,760,0001,535,000

2,300,0001,400,0001,638,0001,600,000

670,0001,250,0001,280,0002,000,000

940,000990,000

1,330,0001,030,0001,060,000

860,0001,298,556

683,958823,595

1,400,0001,130,0001,500,0001,480,0001,080,0001,290,0001,337,8501,810,0001,690,0001,680,0001,050,0001,650,000

655,000830,000

1,070,0001,230,000

800,000

1,770,0001,850,0001,000,0001,040,0002,650,000

970,000

Blue Horizon Botannia Carabelle Flynn Park Gold Coast Condominium Heritage View Heritage View Jubilee Residence Le Hill Condominium Monterey Park Condominium One-North Residences One-North Residences One-North Residences Palm Green Palm Mansions Park West Regent Park Seahill Seahill Seahill The Infiniti The Infiniti The Infiniti The Parc Condominium The Parc Condominium The Parc Condominium The Peak@Balmeg The Rochester The Stellar The Stellar The Vision Ventana Vista Park West Bay Condominium District 7Sunshine Plaza The Bencoolen The Plaza District 8City Square Residences City Square Residences Citylights Citylights Citylights Kentish Court

1,1521,5611,2592,1851,4751,5071,507

4951,0551,2591,421

592592

1,4421,0981,249

807861495527

1,3671,2811,4961,302

980980990

1,3021,3891,389

9041,206

7101,216

764958732

1,2061,238

570678

1,8411,055

1,0711,1281,2191,053

9491,0871,0621,3531,1851,0161,4081,5881,672

922938849

1,0651,5081,3811,5621,024

8821,0031,1361,1031,3171,3511,3901,2171,2101,161

1,369922682

1,4001,2841,093

1,4681,4951,7531,5341,440

920

Project Price ($) Area (sq ft) Psf ($)

District 1Emerald Garden Marina Bay Residences Marina Bay Suites The Clift The Clift The Clift District 276 Shenton Icon Icon District 3Alexis Alexis Alexis Ascentia Sky Regency Suites River Place Tanglin View Tanglin View The Metropolitan Condominium Twin Regency District 4Caribbean At Keppel Bay Caribbean At Keppel Bay Harbour View Towers Harbour View Towers Reflections At Keppel Bay Reflections At Keppel Bay Teresa Ville The Berth By The Cove The Interlace The Oceanfront @ Sentosa Cove The Pearl @ Mount Faber District 5Blue Horizon

1,850,0001,660,0884,424,4002,326,4001,172,0001,180,480

1,120,0001,620,0001,031,000

768,000781,960

1,038,0001,540,0001,350,0002,320,0001,570,0001,550,0001,150,0001,933,440

2,300,0001,820,0001,290,0001,720,000

3,480,0003,212,660

2,450,0003,012,8001,871,800

4,100,0001,345,000

1,160,000

1,216743

1,572829527527

592926560

409452592

1,012980

1,8941,1411,163

7751,216

1,4851,2271,2061,6151,4641,8411,9591,8841,6042,0451,173

1,163

1,5212,2352,8152,8072,2222,238

1,8921,7501,842

1,8781,7301,7531,5221,3781,2251,3761,3331,4841,590

1,5481,4831,0701,0652,3771,7451,2511,5991,167

2,0051,146

998

Notes: Compiled by CATS Classified. CATS Classified isthe most comprehensive marketplace to find, buy andsell products and services.

Source: URBAN REDEVELOPMENT AUTHORITY

ST GRAPHICS

BedokReservoir

BEDOK RESERVOIR ROADBEDOK

R

ESERVO

IR

ROA

D

PAN-ISLAND EXPRESSWAY

BEDO

K

NOR

TH

ROA

D

BEDOK NORTH AVE 3

WATERFRONT LIVING

Waterfront Isle(upcoming)

Archipelago(upcoming)

Waterfront Isle

Waterfront Gold (upcoming)

Waterfront Key(upcoming)

WWWWWAAAAWAWWAWWAW YYYAYAAYAAYA

BEDOK NORTH AVE 3

Baywater

BEDOK NORTH AVE 3

BEDOK NORTH AVE 3

BEDOK NORTH AVE 3

BEDOK NORTH AVE 3

BEDOK NORTH AVE 3

BEDOK NORTH AVE 3

The Clearwater

Aquarius by the Park

Waterfront Waves (completed)

Yu Neng PrimarySchool

DamaiSecondary

SchoolDamaiPrimarySchool

BedokWestPrimarySchool

Red SwastikaSchool

Bedok TownSecondary School

BedokGreenSecondarySchool

Bedok Town Park

Bedok Reservoir Park

0% InterestInstallment Plan

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All showrooms open daily 11am – 8pm.

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Sinuous Spring Base Full Leather3-Seater Sofa Set with Adjustable

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NOW: $1,799$29 Floor Rug (worth $299) with any

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$29 Full Leather Stool (worth $148) withany Full Leather 3-Seater Sofa purchased

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70%OFFUP TO

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EAST CONCEPT STORElocated at Changi

South Lane.U.P.: $332 Less 40%

NOW: $199

2-SEATER DINING BENCH

U.P.: $799 Less 40%NOW: $479

2-SEATER STORAGE BENCH

U.P.: $280 Less 40%NOW: $168

TEAK ARMCHAIR

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CONSOLE TABLE

THIS WEEK’SSPECIAL!

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