From Shoebox Apartments To Gcbs

About This Presentation

Title:

From Shoebox Apartments To Gcbs

Description:

Almost a decade ago, Melvin Poh — founder and managing director of Fission Group — and joint-venture partner Yi Kai Group made a name for themselves as developers of shoebox apartments. The project they were most famous for was the 293-unit Alexis at Alexandra. All the units were sold out within three days of their launch in early 2009. This project was followed by the 167-unit, freehold Robinson Suites in late 2010, where all but five penthouses were sold out in a matter of hours. The JV partners have also collaborated on a strata-titled light industrial development on Henderson Road called Apex@Henderson. – PowerPoint PPT presentation

Number of Views:4

Slides: 7

Provided by: launchnewcondo

Category: Other

Tags: from_shoebox_apartments_to_gcbs

more less

Transcript and Presenter's Notes

Title: From Shoebox Apartments To Gcbs

1
From shoebox apartments to GCBs
2
Almost a decade ago, Melvin Poh founder and
managing director of Fission Group and
joint-venture partner Yi Kai Group made a name
for themselves as developers of shoebox
apartments. The project they were most famous for
was the 293-unit Alexis at Alexandra. All the
units were sold out within three days of their
launch in early 2009. This project was followed
by the 167-unit, freehold Robinson Suites in late
2010, where all but five penthouses were sold out
in a matter of hours. The JV partners have also
collaborated on a strata-titled light industrial
development on Henderson Road called
Apex_at_Henderson.
3
Highest-value asset on the market

Now, the JV partners have their highest-value
asset on the market a Good Class Bungalow (GCB)
at 43 Belmont Road with a price tag of 38
million. The property occupies a freehold site of
15,070 sq ft, which translates into a unit price
of 2,522 psf.
ission Group and Pinnacle Assts purchased 45
Belmont Road, a 31,129 sq ft GCB plot, for
44.188 million (1,420 psf) in 2015. They
subsequently subdivided the site into two smaller
plots 43 Belmont Road, which was recently put on
the market for sale and 45 Belmont Road, which
is currently under development and will be Sohs
new home.

4
Room for flexibility

On the first level is an en suite guest room with
a view of a Japanese garden. There are six en
suite bedrooms in total. The other five are
situated on the second level of the house. The
master suite at one wing of the house comes with
en suite master bathroom and walk-in wardrobe.
The adjacent bedroom can be converted into
additional wardrobe space, a study or even a
childs room.
Likewise, for a multi-generational family, the
junior master suite and adjacent bedroom at the
other wing on the second level can be converted
into a self-contained apartment with its own
sitting room and pantry. Both the master and
junior master suites boast views of the swimming
pool.