THE TERRENE & 368 THOMSON to preview this week

By The Folks @PropTalk - July 7, 2010 No Comments

At least two new condos are expected to be released this week – 368 THOMSON and THE TERRENE @BUKIT TIMAH. This is according to a BT report today.

UOL Group and LaSalle Investment Management are jointly developing THE TERRENE on the former Rainbow Gardens site in the Toh Tuck/Jalan Jurong Kechil area.

The 999-year, 5-storey project will have 172 units, ranging from one bedders (starting from 506sqft) to five-bedroom penthouses (of up to 3,025sqft). It will be close to two green lungs – Bukit Timah Nature Reserve and Bukit Batok Nature Park – and about half a kilometer from the Beauty World MRT Station, which is being built.

Prices of typical units are expected to be in the $1,200 - $1,400psf range. However, one bedders could touch around $1,500psf. Ground floor apartments with private enclosed areas could be priced closer to the $1,000psf mark.

In October last year, UOL announced it had taken a half-share in the Rainbow Gardens site, which had been bought by the LaSalle Asia Opportunity II fund in a collective sale a few years earlier.

TERRENE is being marketed by Knight Frank and Jones Lang LaSalle.

For UOL, the preview of THE TERRENE follows the virtual sell-out of its Waterbank @Dakota, a 616-unit condo fronting Geylang River and next to Dakota MRT Station. The 99-year leasehold condo’s launch in April was timed with the opening of the station.

Over in the Balestier/Thomson Road area, City Developments Ltd is getting ready to preview 368 THOMSON later this week on the former Concorde Residence site.

Prices in the 36-storey freehold development are expected to range from $1,300 - $1,500psf. The condo’s 157 units range from one-bedders to penthouses, with unit sizes of 689sqft to 3,391sqft. The project is being marketed by Huttons.


No Comment to " THE TERRENE & 368 THOMSON to preview this week "