@ WEST COAST VALE 29 MAY 2018 1
AN OVERVIEW OF TWIN VEW TWIN VEW & PARC RIVERIA WINNING LAND BID @ $592PSF PPR NEWS OF 7% LAND BID PREMIUM TRIGGERS PARC RIVERIA SALES AGGRESSIVE LAND BID BY CDL: 35% HIGHER THAN TWIN VEW NORMANTION PARK ENBLOC @ $969PSF PPR PARK WEST ENBLOC @ $850 PSF PPR BROOKVALE PARK ENBLOC @ $932 PSF PPR PREMUIM PAID FOR FUTURE SITE
PROJECT Successful land TWIN VEW Differential CDL SITE Differential bid (Psf PPR) (Psf PPR) Premium paid (Psf PPR) Premium paid
PARK WEST $850 592 43% 800 6%
NORMANTON $969 592 63% 800 21% PARK
BROOKVALE $932 592 57% 800 16% PARK PARK VIEW MANSION @ JURONG LAKE DISTRICT TO JOIN ENBLOC HYPE IS $2,000psf ACHIEVABLE? TRANSACTIONS AT LEAST 44 CONDOs ARE EXPECTED TO GO ENBLOC IN 2018 https://www.channelnewsasia.com/news/business/collective-sales-fever-in-2018-to-drive-private-home-sales-9517610 24 COLLECTIVE SALES DONE TILL DATE LAND BID OF $997psf PPR (in 2016) TRANSLATING TO $2000psf SALE PRICE in 2018 STRONG TAKE UP AT TWIN VEW LAUNCH 85% SOLD IN A DAY 2 DIFFERENTIATING
B. NEW LAUNCH VS RESALE NEW LAUNCH RESALE
HIGHER PREMIUM LOWER PREMIUM
RESALE PRICES CARABELLE 999 LH BOTANNIA 999 LH
MONTEREY PARK 999LH THE INFINITI FH CASE STUDY 1: NEW LAUNCH VS RESALE
PARC RIVERIA BOTANNIA MONTEREY PARK THE INFINITI
Lease 99 years 999 years 999 LEASEHOLD FREEHOLD leasehold leasehold
SIZE 1184sf
Entry 2016
CMV 2017
Percentage gain NEW LAUNCH PARC RIVIERA PRICES (ENTRY 2016 NOV) CASE STUDY 1: NEW LAUNCH VS RESALE
PARC RIVERIA BOTANNIA MONTEREY PARK THE INFINITI
Lease 99 years 999 years 999 LEASEHOLD FREEHOLD leasehold leasehold
SIZE 1184sf
Entry 2016 $1,077psf
CMV 2017 $1,208psf
Percentage 12% gain RESALE BOTANNIA PRICES (ENTRY 2016 APRIL) CASE STUDY 1: NEW LAUNCH VS RESALE
PARC RIVERIA BOTANNIA MONTEREY PARK THE INFINITI
Lease 99 years 999 years 999 LEASEHOLD FREEHOLD leasehold leasehold
SIZE 1184sf 1270sf
Entry 2016 $1,077psf $1,086psf
CMV 2017 $1,208psf $1,102psf
Percentage 12% 1.4% gain RESALE MONETEREY PARK PRICES (ENTRY SEPT 2015 ) CASE STUDY 1: NEW LAUNCH VS RESALE
PARC RIVERIA BOTANNIA MONTEREY PARK THE INFINITI
Lease 99 years 999 years 999 LEASEHOLD FREEHOLD leasehold leasehold
SIZE 1184sf 1270sf 1023sf
Entry 2016 $1,077psf $1,086psf $1,213
CMV 2017 $1,208psf $1,102psf $1,137
Percentage 12% 1.4% - 6% gain RESALE THE INFINITI PRICES (ENTRY SEPT 2015 ) CASE STUDY 1: NEW LAUNCH VS RESALE
PARC RIVERIA BOTANNIA MONTEREY PARK THE INFINITI
Lease 99 years 999 years 999 LEASEHOLD FREEHOLD leasehold leasehold
SIZE 1184sf 1270sf 1023sf 1270sf
Entry 2016 $1,077psf $1,086psf $1,213 $935psf
CMV 2017 $1,208psf $1,102psf $1,137 $929psf
Percentage 12% 1.4% - 6% -0.6% gain CASE STUDY 2: LIFE SPAN OF A RESALE PROPERTY BOTANNIA 999 LH - PROJECT COMPLETED 2009 CASE STUDY 2: LIFE SPAN OF A RESALE PROPERTY MONTEREY PARK CONDO - PROJECT COMPLETED 2005 CASE STUDY 2: LIFE SPAN OF A RESALE PROPERTY THE INFINITI - PROJECT COMPLETED 2008 CASE STUDY 3: RENTAL YIELD
RENTAL 1BR SIZE RENTAL 2BR SIZE RENTAL 3BR SIZE PRICE RANGE YIELD PRICE RANGE YIELD PRICE RANGE YIELD
TWIN VEW $2,100 484sf $2,300 710sf $2,700 904sf $685,000 3.6% $935,000 3% $1.23m 2.6% BOTANNIA $2,800 926sf $3,300 1238sf $1.09m 3% $1.475m 2.6%
MONTEREY N.A $2,600 1023sf $2,800 1367sf PARK $1.163m 2.6% $1.5m 2.2% THE $2,400 915sf $2,750 1346sf INIFINITI $995,000 2.8% $1.418m 2.3% 4
LOCATION ATTRIBUTES THE TWO INITIATIVES
1. JURONG LAKE DISTRICT - JURONG GATEWAY (SECOND CBD) & LAKESIDE (RESIDENTIAL) 2040 COMPLETE LAKESIDE PRECINCT(MERGING CHINESE GARDEN & JAPANESE GARDEN & JURONG LAKE PARK) GATEWAY PRECINCT (INTRODUCTION OF 4 MALLS, 1 HOTEL GROUP AND 1 HOSPITAL) - JURONG REGIONAL LINE 2026 PHASE 1 COMPLETE BOOSTING CONNECTIVITY - CROSS ISLAND LINE 2030 COMPLETE - RELOCATING THE NEW SCIENCE CENTRE TO CHINESE GARDEN STATION - TRANSFORMING THE 90 HECTARES OF WHITE SITE TO CREATE MORE THAN 100,000 JOBS 20,000 HOMES
MAP OF JLD (360 HECTARES) THE TWO INITIATIVES 2. JURONG INNOVATION DISTRICT (2022 complete)
- 600 hectares of land (NTU to Tengah) - Next generation of industrial park. - This District will bring together researchers, students, innovators and businesses to develop products and services of the future. - These services of the future refers to : Smart energy, Robotics, Digital manufacturing, Fintech, Digital health and Internet-of- Things. - Up to $4 billion from the Research, Innovation and Enterprise 2020 Plan will be directed to industry-research collaboration.
LOCATION OVERVIEW STREET PLAN & MASTERPLAN
EL $550psfppr
CCDC $592psfppr CDL $800psfppr JURONG REGION LINE (SOURCE: LTA)
The JRL was first announced in the Land Transport Master Plan 2013, as a 20-kilometre long line opening around 2025. Following detailed engineering studies, the JRL will now be 24-kilometre long and will feature 24 stations, including three interchange stations at Boon Lay, Choa Chu Kang and Jurong East MRT Stations. The authorities stated that the construction of the JRL viaducts and stations will involve the diversion of major utilities and services, as the alignment is mostly along existing roads. As additional time is needed to complete the diversion works before the commencement of construction, the JRL will open in three stages starting 2026. The first phase will be in 2026, which will comprise JRL (West) into 10 stations linking Choa Chu Kang to Boon Lay and Tawas. The second phase will be in 2027, which will comprise JRL (East) into seven stations providing connection between Tengah and Pandan Reservoir. The last phase will be in 2028, which will extend the line into NTU in the west and Jurong Pier in the south, completing the JRL (West) route. JURONG REGIONAL LINE CROSS ISLAND LINE (SOURCE LTA) LEASE OF INDUSTRIAL PLOT REZONE AS RESIDENTIAL IN 25 YEARS 1. JALAN PANDAN 2. CHIN BEE INDUSTRIAL 3. BOON LAY WAY/ ENTERPRISE RD 4. PANDAN LOOP INTEGRATING TIMELINE WITH INVESTMENT MILESTONES (ENTRY & EXIT STRATEGY) TIMELINE INTEGRATION
TWIN VEW TOP CROSS ISLAND LINE 1. JRL MRT STATION LINE COMPLETES ANNOUNCEMENT 2. TRILINQ RESALE PRICES $2000 +/- psf 1. BOOSTING CONNECTIVITY 3. CDL SITE WOULD HAVE FULLY SOLD? TO THE EAST REGION 4. RELAUNCH OF NORMANTON, PARK WEST & BROOKVALE PARK 2030 2018 2022 2026 2040
ST ND RD ENTRY POINT 1 EXIT 2 EXIT 3 EXIT
2021 +/-
TWIN VEW LAUNCH JURONG LAKE DISTRICT / JURONG INNOVATION DISTRICT JURONG REGIONAL MRT LINE SECOND CBD 1. CDL SITE BIDDED 35% COMPLETES PHASE 1 COMPLETES COMPLETES HIGHER PREMIUM
2. ENBLOC OF NORMANTON, 1. ATTRACTING HIGHER LEVEL 1.CREATING 100,000 JOBS BROOKVALE PARK & PARK EMPLOYMENTS (researchers etc) AND 20,000 HOUSING WEST -
5 PAINTING A DREAM
B. UNIQUE SELLING POINT 5 SIMPLE UNIQUE SELLING POINT
1. CDL LAND COST @ $800psf ppr, Estimated selling price $1,5xxpsf. If Twin Vew were to sell at $1,350 – 1400 psf, IMMEDIATE GAIN $100 - $150psf. 2. 3 more land parcels yet to release for tender. These sites could be release once Jurong region line is introduce. Hence creating a much more aggressive bid land price. ($800psf ppr was achieved by 6 bidders) 3. 4 Industrial parcel will be rezone as residential on masterplan once their lease ends in 25 years. (More residential developments) 4. Twin Vew is strategically located near the Jurong Lake district & between 2 major transformation region. The greater southern waterfront & the Tuas Megaport. A sure win investment. 5. The introduction of Jurong Innovation district will attract more expatriates and executive level employment. This will achieve higher occupancy and rental price in this region.