Lakepoint En Bloc

[CaptainSGP]

https://www.businesstimes.com.sg/real-estate/lakepoint-owners-seeking-s640m-in-en-bloc-tender
"The reserve price translates to an estimated land rate of S$959 per square foot per plot ratio (psf ppr), after factoring in the development charges and lease top-up premium from JTC, which is priced in accordance to market land rates today, noted PropNex.


Subject to the approval of planning authorities and based on the 2019 masterplan, Lakepoint Condominium has the potential to be redeveloped into 860 condo units averaging 915 sq ft each."

Reserve price similar to Normanton Park land cost of $969 psf ppr.

Imo, this is likely to go through, likely average selling price 17xx to 18xx psf.

 

[Passerboy]

https://www.businesstimes.com.sg/real-estate/lakepoint-owners-seeking-s640m-in-en-bloc-tender
"The reserve price translates to an estimated land rate of S$959 per square foot per plot ratio (psf ppr), after factoring in the development charges and lease top-up premium from JTC, which is priced in accordance to market land rates today, noted PropNex.


Subject to the approval of planning authorities and based on the 2019 masterplan, Lakepoint Condominium has the potential to be redeveloped into 860 condo units averaging 915 sq ft each."

Reserve price similar to Normanton Park land cost of $969 psf ppr.

Imo, this is likely to go through, likely average selling price 17xx to 18xx psf.

IMO, not likely to go thru… $17-18xxpsf for lakeside quite unthinkable, can get JGateway at that price.

 

[CaptainSGP]

IMO, not likely to go thru… $17-18xxpsf for lakeside quite unthinkable, can get JGateway at that price.

It’s hard to believe, but there’s a 2b at Lake Grande (TOP early 2020) transacted at 1710psf in July. I think average around 15xx psf. If this en bloc go through, likely TOP 2026. I think a 2xx-3xx psf premium is easily justifiable for a 6 year diff in age.

Quite a number of major employment hubs in that area, so I do think that demand will be high. Plus the proximity to Lakeside MRT & Jurong Lake/Chinese Garden is a plus.

 

[bolster]

If Sengkang grand can do it, this is chicken feet!

 

[Passerboy]

If Sengkang grand can do it, this is chicken feet!

SKGrand integrated development leh…

 

[bolster]

SKGrand integrated development leh…

lakepoint also got shop inside right now.

integrated also leh.

 

[䏣炆玧示老太]

where is lake point?
never heard of leh

 

[PictureHouse]

Chuan Park also enbloc. But the price diff is so great.

Maybe when comparing with Chuan Park, buyers will find Lakepoint more affordable

 

[Auzz18]

It’s hard to believe, but there’s a 2b at Lake Grande (TOP early 2020) transacted at 1710psf in July. I think average around 15xx psf. If this en bloc go through, likely TOP 2026. I think a 2xx-3xx psf premium is easily justifiable for a 6 year diff in age.

Quite a number of major employment hubs in that area, so I do think that demand will be high. Plus the proximity to Lakeside MRT & Jurong Lake/Chinese Garden is a plus.

2 bdr @ 1710 psf. How big ? If bird cage type then dont compare lah.

 

[page||]

where is lake point?
never heard of leh

Nearest mrt lakeside. But from map looks like it’s near river.. or longkang…

 

[Oftheseas]

Chuan Park also enbloc. But the price diff is so great.

Maybe when comparing with Chuan Park, buyers will find Lakepoint more affordable

Since you ditched us in the CP thread, we are now heading west to look for you here !

Hope to see more Westies support this Lakepoint enbloc discussion. Only 9 post here vs almost 900 posts in CP thread !

 

[normoh]

Ok, i add my 1 cent. Lakepoint will definitely get a number of bids, even abit higher then the asking price.

1) Demand from westies to upgrade
2) More palatable all-in price
3) Near MRT but not near enough to be allergic to.
4) Can increase the number of units from 300++ to 700++?

 

[8zaoyu]

IMO, not likely to go thru… $17-18xxpsf for lakeside quite unthinkable, can get JGateway at that price.

Lakepoint Condo WILL get quite a number of bids. Price points up to how positive or negative the bidders, you are not the bidder. Negativity fails the forward journey

 

[Oftheseas]

I expect LP to at least get one bid, most probably coming from developer that have some stakes in the JLD transformation.

Due to its 1.4 plot ratio construction cost should be manageable, but also a drawback on views to the lake. Should be able to find support if launch at $17xx psf.

 

[CaptainSGP]

I expect LP to at least get one bid, most probably coming from developer that have some stakes in the JLD transformation.

Due to its 1.4 plot ratio construction cost should be manageable, but also a drawback on views to the lake. Should be able to find support if launch at $17xx psf.

I also think this has a very high chance of going through. I think the GPR will be enhanced to at least 2.1 ?

Likely more than 1 bids, with highest bid above reserve price. 17xx psf is priced to sell, at least 60% sold on launch day if launched at this price.

22th Dec, 1 more month to go !

 

[CaptainSGP]

Current comparable New launches

Parc Clematis, 17xx, TOP 2023. Clementi, beside Nan Hua, future HDB upgrader benefit. 10 min walk to Clementi MRT
Clavon, 17xx, TOP 2024. Clementi, future HDB upgrader benefit, 10 min walk to Clementi MRT
Normanton Park, 18xx to 19xx, TOP 2023. Queenstown, beside Science Park 1 & Greater One North, Science Park 1 redevelopment, 15 min walk to Kent Ridge MRT

Lakepoint redevelopment, 17xx ?, TOP 2026. Jurong, beside Jurong Lake District, 5 min walk to Lakeside MRT.

Good chance of en-bloc here. 17xx launch price is reasonable. Even though LP is further from city, it is a newer development than the above & closer to MRT without MRT noise.

 

[Oftheseas]

 

[ThinkCarefully]

Current comparable New launches

Parc Clematis, 17xx, TOP 2023. Clementi, beside Nan Hua, future HDB upgrader benefit. 10 min walk to Clementi MRT
Clavon, 17xx, TOP 2024. Clementi, future HDB upgrader benefit, 10 min walk to Clementi MRT
Normanton Park, 18xx to 19xx, TOP 2023. Queenstown, beside Science Park 1 & Greater One North, Science Park 1 redevelopment, 15 min walk to Kent Ridge MRT

Lakepoint redevelopment, 17xx ?, TOP 2026. Jurong, beside Jurong Lake District, 5 min walk to Lakeside MRT.

Good chance of en-bloc here. 17xx launch price is reasonable. Even though LP is further from city, it is a newer development than the above & closer to MRT without MRT noise.

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Need to add...time to mrt, very subjective... should indicate distance to mrt because some people can fly and glide when commuting to Mrts, just like throwing stones from condo to mrts, suddenly we see Olympic level of prowess


PC and Calvon, about 1 km
NP, about 1.5 km
LP, about 0.3 km

Recent new launches nearer to JLD, TV and WG (D5) from 12xx psf...

(About 1 km from upcoming reservoir mrt station.
Rumoured crl station about 500m)

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[scanner007]

Lake view or Long Kang view? LOL

 

[page||]

Guess more “sound” than the others just based on reserve price alone… developers are not stupid ..
Should have some bids..