District 15 – Aalto

LIMITED UNITS!!!

No Launch!!  Yet Almost Sold Out!

Email me at shanna.ng@kf.com.sg or SMS at +65 9181 9108 today!

Only 56 units Released! Book NOW!

Floorplans Available On Request. 

Location:              191, 193, Meyer Road (Previous Eastern Mansions)

Tenure:                Freehold

TOP:                    November 2012

Site Area:            12, 498 sq m

Total Units:         196

Unit Description:

       Type               No. of Units          Unit Description

• Type A1             26 Units                  3 Bedrooms
• Type A2             52 Units                  3 Bedrooms
• Type A3             26 Units                  3 Bedrooms
• Type B1             22 Units                  4 Bedrooms
• Type B2             44 Units                  4 Bedrooms
• Type C1             22 Units                  4 Bedrooms + Study
• Type SPH1        01 Units                  5 Bedrooms + Study + Family + Roof Terrace (Single Level)
• Type SPH2        01 Units                  5 Bedrooms + Study + Family + Roof Terrace (Single Level)

Unit Sizes

• 3 Bedroom           :  1442 / 1528 / 1550 sq ft
• 4 Bedroom           :  1959 / 2023 sq ft
• 4 + 1 Bedroom    :  2443 sq ft
• 5 + 1 Bedroom    :  3939 / 4424sq ft
• 6 Bedroom          :  5425 / 6017 sq ft

Carpark Lots : 221 (Inclusive 3 handicap carpark lots at base,ent and 10 car park lots at 1st storey.)

Building Storey:  27 Stories (2 Blocks)

RECREATIONAL FACILITIES

• Swimming Pool (approximately 50m length, surface area apparoximately 890 sq m and 1.2 m deep)
• Children’s Pool (Surface area of approximately 105 sq m and 0.9 m deep)
• Children’s Playground
• BBQ Area (2 pits with basin and tap)
• Reflexory Footpath
• Hydrotherapy Pool
• Jacuzzi
• Gymnasium
• Function Room
• Lounge Room
• 1 Tennis Court
• Covered sky bridge (Hardcourt surface)

Estimated prices starting from $1,600 psf onwards for low floors.

Estimated prices starting from $2,900 psf onwards for Penthouses.

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Business Times: S’pore economy is not overheating: PM Lee

October 10, 2007
S’pore economy is not overheating: PM Lee
Inflation well under control even though economic growth this year is expected to be 7-8%

(BUDAPEST) Singapore Prime Minister Lee Hsien Loong yesterday said that he did not believe the Republic’s economy was overheating, with inflation under control despite firm economic growth.

‘This year, we expect 7-8 per cent growth. It’s a good figure but at the same time inflation is well under control,’ Mr Lee said.

He acknowledged that property prices had increased rapidly and that there were shortages in office space, which the government was trying to solve by, for example, building interim office space.

‘In the medium term, we will have enough supply but in the short term there is a problem because so many businesses want to set up in Singapore,’ Mr Lee said after officials from the two countries signed cooperation agreements on economic, scientific and educational matters.

Mr Lee also described the situation in Myanmar – where the government has violently suppressed pro-democracy protests – as ’serious’, saying international powers needed to work on bringing together the two sides of the conflict – the ruling military and the opposition groups.

‘What is necessary is to find reconciliation and an agreement amongst the parties in Myanmar on the way forward,’ he said after meeting his Hungarian counterpart, Ferenc Gyurcsany. ‘There’s no easy way forward . . . It is not simply a matter of regime change,’ Mr Lee added.

‘I think that if you look at Iraq, you know that regime change is a slogan but may not be a policy.’

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Business Times: Sub-prime defaults could total US$150b, says S&P

October 10, 2007
Sub-prime defaults could total US$150b, says S&P
Crisis will not peak until 2009, but emerging markets offer silver lining

(MUMBAI) The US subprime housing crisis will not peak until 2009 and total defaults could reach US$150 billion, rating agency Standard and Poor’s said yesterday, but robust emerging markets would help keep global growth strong.

S&P expected the world economy to grow 3.6 per cent in 2007 and 3.5 per cent in 2008. The US economy would lag at 2 per cent in both years, down from 2.9 per cent in 2006.

‘World growth remains strong despite the weaknesses seen in the US economy – especially in emerging markets because of healthy domestic demand conditions and export strength to non-US markets,’ S&P said in a report released in Mumbai.

‘The fact that the US slowdown is concentrated in housing, which has relatively low import content, helps,’ it said.

Emerging markets were far less vulnerable to credit market turmoil than during previous crises because of the capital flows attracted by high economic growth coupled with improved corporate governance standards, S&P said.

Moreover, high commodity prices were also helping many emerging market economies, such as Latin American and African countries that are major exporters.

S&P estimated that, on a purchasing-power parity basis, the United States would contribute only 9 per cent of world growth in 2007, compared to China’s 33 per cent and India’s 12 per cent.

Housing was the major weakness in the US economy and the sub-prime crisis – which roiled global markets in late July and August – was far from over, although its shock value was wearing off, David Wyss, S&P’s chief economist, said.

‘We think in the United States the housing market is not going to bottom until winter. We think the losses in these sectors won’t really hit their peak until 2009,’ he said.

That would feed through to unemployment and remain a brake on growth.

‘Housing starts are going to drop further, the unemployment rate is going to tick up further, we are expecting another year of sluggish US economic growth,’ Mr Wyss said.

‘We are not halfway through with this crisis yet.’ Mr Wyss expected the US trade deficit to shrink in coming months as stronger overseas growth and a weaker dollar would make US exports more competitive.

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Straits Times: Marina Bay condo to be launched next year

Oct 10, 2007
Marina Bay condo to be launched next year
Developers expect high prices, with smaller units costing at least $4m-$5m By Joyce Teo, Property Correspondent

MARINA Bay Suites, the second and last residential block at the Marina Bay Financial Centre, will be launched early next year, as prices in the area continue to climb.

The developers – Cheung Kong (Holdings)/Hutchison Whampoa, Hong Kong Land and Keppel Land – are expecting strong interest in the condo, as well as high prices.

Market estimates expect smaller units to fetch at least $4 million to $5 million.

Sales for Marina Bay Suites have yet to start, although the condo was marketed recently at a Shanghai property exhibition.

Clients from China and Hong Kong made up almost 20 per cent of those who bought units at the first Marina Bay Financial Centre condo.

Marina Bay Suites will be marketed in Dubai next week, and then in Hong Kong.

It will have 223 three- to four-bedroom apartments ranging in area from 1,500 sq ft to 2,500 sq ft – all with private lift lobbies.

There will be a single-level penthouse on the 65th floor, and two duplex penthouses on the 63rd.

‘Marina Bay Suites will be a fitting, even more upscale, sister development to the 428-unit Marina Bay Residences, which sold out in just three days in December last year,’ said the condo’s head of residential marketing, Mr Kan Kum Wah.

There is talk that the 65-storey Marina Bay Suites could be priced at an average of $3,000 per sq ft (psf).

Mr Kan said it was too early to decide on pricing, although the developers will take ‘close reference’ to sub-sale prices of Marina Bay Residences.

The highest sub-sale price recorded for Marina Bay Residences was $3,600 psf in June. This compared with the average apartment price of around $1,850 psf at last December’s launch, when penthouses sold for up to $3,450 psf.

Recent Marina Bay Residences deals in August ranged from $2,061 psf to $3,080 psf for the 732 sq ft to 1,981 sq ft apartments.

A unit at the popular The Sail@Marina Bay nearby went for as high as $3,301 psf in August.

In the same month, other deals for apartments as small as 667 sq ft were recorded at $1,300 psf to $2,999 psf.

Phase one of The Sail – the first condo in Marina Bay – was launched at below $1,000 psf in late 2004.

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