The Interlace

[pengful]

Hopefully, property-savvy folks can chime in on what you think about The Interlace at Alexandra (old Gillman Heights). I am thinking about picking up a 3 BR unit, which was newly released.

The Interlace is selling about 1,100 psf and I do not think the developer will go lower than that. Quite attractive if you think about the upside to this development, let alone the unique architecture.

What do you think is the potential upside on psf? Current 99-yr leasehold developments around that area:
1) Carribean (~1,500-1,600 psf),
2) Reflections (~2,000 psf),
3) d'leedon (~1,700 psf), and
4) Harbour View Towers (~1,300 psf but very old)

Will the psf hit 1,600?

 

[T6]

Re: The Interlace

Hopefully, property-savvy folks can chime in on what you think about The Interlace at Alexandra (old Gillman Heights). I am thinking about picking up a 3 BR unit, which was newly released.

The Interlace is selling about 1,100 psf and I do not think the developer will go lower than that. Quite attractive if you think about the upside to this development, let alone the unique architecture.

What do you think is the potential upside on psf? Current 99-yr leasehold developments around that area:
1) Carribean (~1,500-1,600 psf),
2) Reflections (~2,000 psf),
3) d'leedon (~1,700 psf), and
4) Harbour View Towers (~1,300 psf but very old)

Will the psf hit 1,600?

You cannot compare this way. Caribbean is a "special" property near Vivo, Sentosa, some have view and MRT. Reflections has a unique external design and probably fantastic view. Harbour View was the happening project in Telok Blangah area before Reflections and Carribean came up. The MRT station is also just opp plus mature mkt in Telok Blangah Drive.

Interlace is on no man's land. Right next to AYE. It is quite a walk to Depot Road or Queensway amenities.

If buying 99-year property, I advise that you at least buy somethng next to MRT, especially when it is otherwise ulu.

When ppty market dives, these fringe properties will be the most affected compared to Districts 9, 10 and 11.

 

[wt_know]

Re: The Interlace

location, location, location
unique design does not 'entice' everyone

 

[Mockngbrd]

Re: The Interlace

unique design not very nice to me. looks like the devt got alot alot of units. unless u like the place of course.

 

[pengful]

Re: The Interlace

I agree that location, location, location that's why I am seeing the hidden potential in this development. Am betting on the upside of 300-400 psf once TOP.

 

[pengful]

Re: The Interlace

location, location, location
unique design does not 'entice' everyone

Agree that design is subjective.

 

[het]

Re: The Interlace

You cannot compare this way. Caribbean is a "special" property near Vivo, Sentosa, some have view and MRT. Reflections has a unique external design and probably fantastic view. Harbour View was the happening project in Telok Blangah area before Reflections and Carribean came up. The MRT station is also just opp plus mature mkt in Telok Blangah Drive.

Interlace is on no man's land. Right next to AYE. It is quite a walk to Depot Road or Queensway amenities.

If buying 99-year property, I advise that you at least buy somethng next to MRT, especially when it is otherwise ulu.

When ppty market dives, these fringe properties will be the most affected compared to Districts 9, 10 and 11.

+10

The oni 'trade-off' for gettin a LH project is to b near MRT. When interlace 1st launch, i was wondering why ppl would buy a LH property tats near to nowhere, beside expressway (aka freakin noisy and you really will have no idea wat freakin noisy means until u step into such a unit tats overseeing an expressway) & far away fr the nearest mrt? Its design may b unique but it has also garnered a fair bit of bad publicty for havin bad Fengshui.

Unless u die die must stay in tat area or for own stay, else imho, not advisable to buy for investment.

 

[mercuryz]

Re: The Interlace

Hopefully, property-savvy folks can chime in on what you think about The Interlace at Alexandra (old Gillman Heights). I am thinking about picking up a 3 BR unit, which was newly released.

The Interlace is selling about 1,100 psf and I do not think the developer will go lower than that. Quite attractive if you think about the upside to this development, let alone the unique architecture.

What do you think is the potential upside on psf? Current 99-yr leasehold developments around that area:
1) Carribean (~1,500-1,600 psf),
2) Reflections (~2,000 psf),
3) d'leedon (~1,700 psf), and
4) Harbour View Towers (~1,300 psf but very old)

Will the psf hit 1,600?

A few months back I manage to get 10 + yr old property opposite Pasir Panjang MRT for below 800 psf and freehold, of course old so its cheap but its 2 mins from MRT and maybe got en bloc potential. Investment wise I advise you might want to look around that area instead because there are some good buys that are spacious and good layout and possible en-bloc once the area picks up (Lots of new office blocks being built). If own stay then well new property is always best.

I advise you walk around the area and see where the conveniences are etc. Also be wary of market downturn.

 

[wt_know]

Re: The Interlace

for mass market condo investment, near mrt and shopping mall might have greater potential and unlikely to lose money
unlesss high end property where space and exclusivity is high priority

 

[T6]

Re: The Interlace

A few months back I manage to get 10 + yr old property opposite Pasir Panjang MRT for below 800 psf and freehold, of course old so its cheap but its 2 mins from MRT and maybe got en bloc potential. Investment wise I advise you might want to look around that area instead because there are some good buys that are spacious and good layout and possible en-bloc once the area picks up (Lots of new office blocks being built). If own stay then well new property is always best.

I advise you walk around the area and see where the conveniences are etc. Also be wary of market downturn.

We are neighbours then. Lotsa undervalued property in Pasir Panjang area that are freehold.

 

[wt_know]

Re: The Interlace

i am also looking for condo for the best bang of the bucks ie: freehold,

 

[WHITENIGHT]

Re: The Interlace

Why dont you invest in Tanjong Rhu Road location like Waterplace/Sanctuary Green/Pebble Bay etc....There is a much greater potential upside for prices to go upwards north.
Look at the Stadium which will be completed in 2014 and now they have MRT (Stadium) and also its takes only abt 5 mins drive to Suntec and abt 10mins to Orchard Road (Depends on Traffic) .
And I think its the only location in Singapore where its strictly a Condo area. Its so near town but its very quiet and exclusive estate.
If you get the right unit you can see MBS/Flyer and fireworks for free.

During the "Lehman" time prices was as low as S$700/psf and now its at between S$1200 - 1400 psf.
It have been going upwards since then. Rental market are also very attractive.

FYI expat renting in this location is abt 50-60%. Its much cheaper than in town but so near town because its in D15.

Just my prediction prices will be able to go as much as S$1600 psf or more in the very near future, looking at prices at the outskirts of town. (Depends on the World situation)

FYI some Penthouse in this location is going or have been sold as much as S$10 M and above. You have almost 360% view unblock.

This is just my own Opinion.

Cheers.

 

[Niva]

Re: The Interlace

the location is not too bad....drive out go straight all the way past performance motor u hit Tanglin and further down Raffles Place...must have a car though

the design is unique...maybe choosing a higher floor may guarantee u a better resale price...i dunno which side it would have a good view...this project won some URA award is it? cant remember...Capitaland projects generally better than many out there...

D9,10 and 11 abit jammed with new projects now...if u drive past those completed projects, they look empty. Dont buy micky mouse units...when u have oversupply, these units which the developers want to milk us will suffer...check floorplan if efficient layout...i.e. small or no planter boxes...pay for nth but part of NLA. truely a joke.

Reflections chio but layout in some blocks are just plain craps....u have a column either in your bedroom or living room..big one...to have such a slanting design..this is inevitable to eat into your saleable area.

Invest with a threshold that interest rate will rise to 3-4%. Give yrself some buffer..low rates now not sustainable.

 

[Niva]

Re: The Interlace

If I have monies to park, I like Meyerise Condo...good area...but now asking 10% premium in its vicinity..cross 2000psf i bit sians liao

 

[mercuryz]

Re: The Interlace

We are neighbours then. Lotsa undervalued property in Pasir Panjang area that are freehold.

Haha nice, the west side , dunno why but I feel that they area will have lot of potential. The only downside is the West Coast highway and the heavy vehicle traffic. Other than that its all good

 

[Dumb]

Re: The Interlace

Interlace closest mrt is Labrador.Alexandra retail centre is opening end of this yr and maple tree business city + alexendra village is taking in quite a fair bit of expatriates. For nature lovers, the Hortpark is an attraction. I know of some Indonesians and Chinese investing in this development.

I don't think the price can go any lower. West coast is already going higher than this price and this location is 10 mins to town.

There will be 3 iconic development in Singapore. Reflection, de leedon and interlace. All are world renowned architects. Interlace at $1100 psf is the most affordable. Mun leong himself got 2 units.

I am quite confident that price will shoot after top. The previous owners in Gillman heights can only afford a 2 bedders when they got enbloc. Capitaland and hpl got this land dirt cheap, that's why selling price is not that aggressive.

Jus my views........

 

[mercuryz]

Re: The Interlace

i am also looking for condo for the best bang of the bucks ie: freehold,

 

[pengful]

Re: The Interlace

Interlace closest mrt is Labrador.Alexandra retail centre is opening end of this yr and maple tree business city + alexendra village is taking in quite a fair bit of expatriates. For nature lovers, the Hortpark is an attraction. I know of some Indonesians and Chinese investing in this development.

I don't think the price can go any lower. West coast is already going higher than this price and this location is 10 mins to town.

There will be 3 iconic development in Singapore. Reflection, de leedon and interlace. All are world renowned architects. Interlace at $1100 psf is the most affordable. Mun leong himself got 2 units.

I am quite confident that price will shoot after top. The previous owners in Gillman heights can only afford a 2 bedders when they got enbloc. Capitaland and hpl got this land dirt cheap, that's why selling price is not that aggressive.

Jus my views........

Exactly my thoughts. I was eyeing that Gillman location for a long tIme when I was working at HP. This place has really turned into a commercial/ shopping hub. Where there's people, property price is bound to rise. I like Hort park and the connector to mount Faber.

 

[ac323]

Re: The Interlace

Hi Pengful,

i feel the design looks like a factory or industrial building............................or only just me that feel this way...........



cheers

 

[ac323]

Re: The Interlace

We are neighbours then. Lotsa undervalued property in Pasir Panjang area that are freehold.

Hi T6,

me too.......






cheers