Capitaland Investment

(30-11-2011, 11:29 AM)dydx Wrote: (1) The Chao Tian Men (朝天门) site is located smack on the spot where the great Jialing River joins up with the even greater Yangtze River. If the water flow or water level of either or both of these 2 great rivers go havoc, would a portion of the land site get washed away before the project is completed?

Almost the entire Yuzhong （渝中）district, where Chaotianmen is located, is surrounded by very high walls along the banks of Jialing and Yangtze. If you take a closer look at the pictures from Capitaland, you can actually see the walls. To go down from from the nearest road to the dock (Chaotianmen traditionally is a dock), you need to walk down several long flights of stair. Moreover, Chongqing (a.k.a 山城) is a very hilly city. Chaotianmen area is actually on a slope (heck, come to think of it, almost everywhere in the city is on a slope). While flooding may be possible, I think it will take the mother of all floods to wash away the worksite (caveat: me no civil engineer and stop learning Geography after O-level).

i just hope they don do fund raising through placement shares or rights issue etc...
the way they invest their money, give them 10b cash also not enough.


(vested)

(30-11-2011, 11:29 AM)dydx Wrote: 2 crazy questions from someone who knows little on property development and construction....

(1) The Chao Tian Men (朝天门) site is located smack on the spot where the great Jialing River joins up with the even greater Yangtze River. If the water flow or water level of either or both of these 2 great rivers go havoc, would a portion of the land site get washed away before the project is completed?

(2) What are the additional technical and cost implications of the proposed mega property development project where the land site is surrounded by water on 3 sides?

Hi dydx, can you share why do u think these questions are crazy? I have very little knowledge on property development and construction and hope you can share more. Thanks!

mrEngineer,

When I was going through the slides presented by CapitaLand, I started to recall what I saw when I last visited Chongqing and the 3 Gorges on the Yangtze on a cruise ship. The water level that year was super high. I also recalled a past incident in Australia, where a nice piece of land at a vista point along a certain river, was nearly all washed away after a massive flood in the area. So I started to imagine what could happen in a worst flooding situation.

For a land site that is surrounded by water on 3 sides, by intuition we can imagine vehicular traffic and the bulk of the human traffic can only come the land side joining the peninsula - this will likely lead to congestion problems. I also imagine constructing a huge project at the top of a high wall on the tip of a peninsula should be more difficult - including the logistics - bearing in mind Chongqing is a 山城.

I am quite sure the people at CapitaLand have done their homework, and hopefully they have gone deep enough into the 'imponderables' in their project evaluation.

CapitaLand plans to launch first value housing project in China
By Valarie Tan | Posted: 05 November 2012 2325 hrs

BEIJING : Singapore developer Capitaland plans to launch its first value housing project in China in the next few weeks.

This will be the company's maiden foray into the middle-income mass housing market and it is expected to be the next driver of growth for the property firm in China.

When CapitaLand China released its first high-end homes in Hangzhou for sale last month, some 100 units were snapped up in two hours, generating 229 million yuan in total sales value.

The Singapore developer is now eyeing China's entry-level mass housing market.

It said it is optimistic about sales for the project called The Lakeside in Wuhan, which will be priced from 7,000 to 8,000 yuan per square metre.

Harold Woo, senior vice president for investor relations at CapitaLand, said: "It actually fits in a niche for the really young graduates who can't afford to buy the private housing but yet at the same time, most of these (sites) are not at the city centre, they are probably 45 to 50 minutes to the city centre, but they are well-connected to a public network.

"So they are happy to commute and travel that distance and yet be able to afford build their first home."

The firm has two other similar projects in Shanghai and one in Guangzhou.

They are expected to be released for sale latest by the first quarter of 2013.

All four projects will total some 6,300 units.

The developer has good reason to be bullish about China's overall property sector.

Despite the buying restrictions imposed by the Chinese government, CapitaLand sold more homes in the first nine months of this year compared to 2011.

The third quarter alone saw over 900 units taken up, a year-on-year increase of 180 per cent.

Mr Woo said: "A lot of people kept away during the housing restrictions, and they were expecting maybe the government to put more measures. The momentum has carried through. So I think we are quite positive that sales volume is hopefully going to precede some price increase. On our own projects, we have managed to inch up on a blended basis, price upwards of about 4 odd per cent."

CapitaLand expects the home buying restrictions in China to remain unchanged for at least the first half of 2013. But it also expects more monetary easing measures from the government to stimulate the economy. And according to the developer, that, coupled with more pent-up demand from homebuyers, will continue to drive the housing market in China next year.

Capital Land sure it has plenty of capital from where? No fund raising and still got plenty of recycle into reits. Such a combination of winning formula and so big... I guess if the country real estate is doing so well and frothy, so much so that we forget the economic situation remains unbearable for lots of super rich.

What about their high end, plenty of sale. NO Body is talking about it and my guess is that there could be some fund raising coming up? China before leadership meeting CapLand alrdy leading the pack, shows its a Real S chip!!

With so much cash property sale, I guess our real estate market is the only 1 in asia thats has plenty of backing. I hope our banks dont run into issue when Ngiam is talking about underemployment. Now after pushing the price of new tender up, gov propaganda is now in full swing to say older homes has great gap to catch up - wow!! Price will now push older homes valuation which in a sense has been the driver to upgrade, more upgrade....what will they think of next?

Ah, another "Sky Habitat" coming soon?

The Straits Times
www.straitstimes.com
Published on Nov 30, 2012
CapitaLand unit bags Bishan site for $505m
Nine bidders vie for 11,227 sq m plot which can have about 700 homes

By Esther Teo Property Reporter

IN A hotly-contested tender, CapitaLand has defended its turf with a $505 million top bid for a prime Bishan site right next to one of its existing projects.

The site, alongside Sky Habitat, is set to boast 700 homes.

The top bid works out to $853 per sq ft (psf) per plot ratio (ppr) for the Bishan Street 14 land parcel - 1.8 per cent lower than its winning bid in February last year for the Sky Habitat site. The earlier site attracted 19 bidders.

A joint bid by SingLand Homes, UOL Venture Investments and Orix Investment and Management came in second with a $490.1 million bid - or 2.9 per cent lower at $828 psf ppr.

Nine bidders participated in the tender. They included MCL Land, Frasers Centrepoint, Far East Organization and Mezzo Development, with the lowest bid of $368 million, or $621 psf ppr.

Experts say bidders seem to be prepared to pay more for sites under current market conditions.

Mr Ong Teck Hui, Jones Lang LaSalle Real Estate's national director of research and consultancy, noted that apart from CapitaLand, none of the other 18 bidders tendered above $700 psf ppr for the Bishan site sold last year.

In the current tender, however, seven developers placed bids above $700 psf ppr, some of them significantly above.

"There are fewer bidders contesting for this site compared to the earlier tender because the interested parties know that bidding will be very competitive, so unless they are prepared to put in a robust offer, they might as well not try," he added.

Dennis Wee Group's senior manager of training, research and consultancy, Mr Lee Sze Teck, said that the estimated breakeven price could be between $1,350 and $1,400 psf.

The probable selling price could be between $1,650 and $1,700 psf which is similar to Sky Habitat's selling prices, he said.

The top bid was submitted by Allamanda Residential Development - a 75:25 joint venture by CapitaLand Residential Singapore and Mitsubishi Estate Asia.

The firm said it plans to develop the 11,227 sq m site into a condominium, with about 700 units expected to be launched in the second half of next year.

"We will create an exciting and varied product in terms of architectural design," said Mr Wong Heang Fine, chief executive of CapitaLand Residential Singapore.

"At the same time, the new condominium will complement Sky Habitat in terms of its unit mix and unit size. Both developments will offer home buyers a choice lifestyle living right at the heart of popular Bishan town," he added.

esthert@sph.com.sg

(30-11-2012, 07:43 AM)Musicwhiz Wrote: Ah, another "Sky Habitat" coming soon?

The Straits Times
www.straitstimes.com
Published on Nov 30, 2012
CapitaLand unit bags Bishan site for $505m
Nine bidders vie for 11,227 sq m plot which can have about 700 homes

By Esther Teo Property Reporter

IN A hotly-contested tender, CapitaLand has defended its turf with a $505 million top bid for a prime Bishan site right next to one of its existing projects.

The site, alongside Sky Habitat, is set to boast 700 homes.

The top bid works out to $853 per sq ft (psf) per plot ratio (ppr) for the Bishan Street 14 land parcel - 1.8 per cent lower than its winning bid in February last year for the Sky Habitat site. The earlier site attracted 19 bidders.

A joint bid by SingLand Homes, UOL Venture Investments and Orix Investment and Management came in second with a $490.1 million bid - or 2.9 per cent lower at $828 psf ppr.

Nine bidders participated in the tender. They included MCL Land, Frasers Centrepoint, Far East Organization and Mezzo Development, with the lowest bid of $368 million, or $621 psf ppr.

Experts say bidders seem to be prepared to pay more for sites under current market conditions.

Mr Ong Teck Hui, Jones Lang LaSalle Real Estate's national director of research and consultancy, noted that apart from CapitaLand, none of the other 18 bidders tendered above $700 psf ppr for the Bishan site sold last year.

In the current tender, however, seven developers placed bids above $700 psf ppr, some of them significantly above.

"There are fewer bidders contesting for this site compared to the earlier tender because the interested parties know that bidding will be very competitive, so unless they are prepared to put in a robust offer, they might as well not try," he added.

Dennis Wee Group's senior manager of training, research and consultancy, Mr Lee Sze Teck, said that the estimated breakeven price could be between $1,350 and $1,400 psf.

The probable selling price could be between $1,650 and $1,700 psf which is similar to Sky Habitat's selling prices, he said.

The top bid was submitted by Allamanda Residential Development - a 75:25 joint venture by CapitaLand Residential Singapore and Mitsubishi Estate Asia.

The firm said it plans to develop the 11,227 sq m site into a condominium, with about 700 units expected to be launched in the second half of next year.

"We will create an exciting and varied product in terms of architectural design," said Mr Wong Heang Fine, chief executive of CapitaLand Residential Singapore.

"At the same time, the new condominium will complement Sky Habitat in terms of its unit mix and unit size. Both developments will offer home buyers a choice lifestyle living right at the heart of popular Bishan town," he added.

esthert@sph.com.sg

At least capitaland's building design are all different.This is what I call building landscape....5 years later u go take a look at all the suburb(sengkang,yishun,punggol) condo,u would laugh ....

I agree their designs are good, question is how much are we willing to pay for it?

(30-11-2012, 09:00 AM)Musicwhiz Wrote: I agree their designs are good, question is how much are we willing to pay for it?

I will pay for it at a discount during recession.