meadowsatpierce

Archive for the ‘Meadows At Pierce’ Category

meadows@peirce,launching

In Meadows At Pierce on July 20, 2009 at 11:54 am

If you have been waiting for the launch date & prices, it’s finally here !. PSF is from 860 to $1,000 for tower blocks. launch date is 27/07. Checks are already been collected, so hurry. Keen to see site & floor plan, call me at 9660 4256

Meadows@pierce, press release

In Meadows At Pierce on July 17, 2009 at 10:52 am

Meadows@Pierce launching Soon

Meadows @ Pierce launching soon. Following the successful launch of the Double Bay Residences (DBR), UOL will be launching another mass market project – Meadows @ Pierce, in 2-3 weeks’ time. According to Knight Frank, the marketing agent for the project, this 479-unit freehold residential development at Upper Thomson Road consists of a refurbished tower block (14 storey) and three 5-storey blocks and will include small-size units to cater for the market demand. Launch price for this project is expected to average around S$900 psf, which is higher than the S$800 psf that we have assumed in our valuation. UOL will also be able to save on the construction cost through the refurbishment of the existing 14-storey tower. We estimate the breakeven price of this project to be ~S$670 psf, which could potentially yield a healthy profit margin of 26% for UOL.

Benefiting from spillover interest to high-end segment. In the high- end segment, it has been reported that two units at Nassim Park Residences were sold at prices above S$3,000 psf, with one of them at S$3,813 psf and an option was issued for the sale of a fourth-level unit at S$3,081 psf last weekend. We think that this is a commendable achievement, given thatthe high-end segment has only seen marginal improvement in buying interest and UOL had managed to sell these units without reducing prices.

Fair value raised to S$3.56; Maintain HOLD. We are now raising our RNAV estimate to S$4.11 (previously S$3.57) to reflect the increase in valuation of UOL’s listed investments, lower risk-free rate of 2.4% and higher selling price assumption for Meadows @ Pierce (from S$800 psf to S$900 psf). The discount rate on our valuation of UOL’s development and investment properties has also been reduced from 40% to 30% as the degree of uncertainty in our valuation is lower now, with the successful launch of DBR and the stabilization of the economy and property market. While we think fundamentals do not support a sustainable recovery in Singapore property market yet, we believe that UOL is now better positioned to weather another downturn as it will be left with just one unlaunched project in Singapore – the former Spottiswoode Park site, after the launch of Meadows @ Pierce. Our fair value has now been raised to S$3.56 (previously S$2.91). We maintain our HOLD rating on UOL and will turn buyers around S$3.00- S$3.10

To book a preview sms : name:meadows to 9660 4256 or click on the link below

http://www.theinvestmentproperty.com/kf/a14e/Contact.aspx?Page=8

For More News, Visit my blog :http://meadowsatpierce.wordpress.com/

For latest On Transacted Prices :www.theinvestmentproperty.com

Meadows@pierce

In Meadows At Pierce on July 10, 2009 at 5:43 am

Definately a lauch that is much anticipated. I think, those who love lots of greenery, ample spaces, monkeys swinging in trees and the odd iguana, scmparing around will love these launch. personally, i have lots of fond memories of pierce and from the plans that i have seen, many of us will be thankful that the developer preserved the charms of pierce.

Some basic details:

 

Location               :  Upper Thomson Road (near Teachers’ Estate, site of former Green Meadows)

Tenure                 :  Freehold

No. of Units      :   479

Type of units    :  A refurbished tower block (14 stys) comprising 3+study at 1200sqft and studios. 3 blocks of 5-stys with 2-br, 2+Study, 3-br, 4-br and 5-br. See below:

 

Type Est Size (sqft) No of Units
  1-Bedroom

499

4

  1+1

526

48

  2-Bedroom

975 -1229

86

  3-Bedroom

1159 – 1763

147

  3+1

1182

48

  4-Bedroom

1593 – 2090

74

  5-Bedroom

2485 – 2679

15

  Ground Maisonette

2641 – 2686

8

  Penthouse

2030 – 3053

49

  Total Units 479

 I will keep it posted as details come through, if you would like a previews, when it’s lauch, sms me at 96604256 or visit my website www.theinvestmentproperty.com

Follow

Get every new post delivered to your Inbox.