{"id":7429,"date":"2016-10-20T05:09:23","date_gmt":"2016-10-19T21:09:23","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=7429"},"modified":"2022-07-01T04:04:18","modified_gmt":"2022-06-30T20:04:18","slug":"queens-peak-parc-riviera","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/queens-peak-parc-riviera\/","title":{"rendered":"99.co new launch review – Queens Peak and Parc Riviera"},"content":{"rendered":"
<\/div>

Following the successful launches of Forest Woods<\/a> and Alps Residences<\/a> recently, two anticipated projects will be launching this weekend –\u00a0Queens Peak<\/a>, which is situated right next to Queenstown MRT and Parc Riviera<\/a>, in the West Coast area. <\/span><\/p>\n

Queens Peak<\/b><\/h3>\n

HY Realty was <\/span>awarded<\/span><\/a> the tender in June 2015 and it took an estimated 16 months for the developer to launch the project. Its main appeal is location, situated right next to Queenstown MRT station. <\/span><\/p>\n

Furthermore, the area around Queenstown is undergoing rejuvenation with new HDB blocks and facilities being built around Margaret Drive. <\/span>By the time <\/span>Queens Peak<\/span><\/a> is ready for occupation, the HDB blocks and the neighbouring <\/span>Commonwealth Towers<\/span><\/a> will be built and you do not have to worry about the inconveniences brought by construction in the vicinity.<\/span><\/p>\n

\"Queens
Queens Peak comprises of 2 towers with 44 storeys each, a total of 736 units right next to the MRT station<\/figcaption><\/figure>\n

Queens Peak<\/a> has a total of 736 units, spread across\u00a02 towers, each with 44 storeys<\/span>. Based on the winning bid of $871 per square foot per plot ratio (psf ppr), we are expecting an average launch price of $1,550 psf. The project is expected to be completed by December 2020. <\/span><\/p>\n

The developer has also placed the 1 and 2 bedroom units on the lower levels (#08 – #26) while the upper levels (#28 – #43) will comprise of the 3,4,5 bedroom units.<\/p>\n

Pro tip: There is still a significant amount of inventory in the adjacent <\/span>Commonwealth Towers<\/span><\/a>, with 417 units unsold. It was launched in May 2014 and it is advisable for buyers to compare between the projects before committing.<\/span><\/p>\n

Breakdown of units<\/b><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Room type<\/b><\/td>\nFloor size<\/b><\/td>\nNo. of units<\/b><\/td>\n<\/tr>\n
1BR<\/span><\/td>\n425\u2013441 sf<\/span><\/td>\n152 Units<\/span><\/td>\n<\/tr>\n
1BR+Study<\/span><\/td>\n484\u2013495 sf<\/span><\/td>\n114 Units<\/span><\/td>\n<\/tr>\n
2 BR<\/span><\/td>\n620-809 sf<\/span><\/td>\n190 Units<\/span><\/td>\n<\/tr>\n
3 BR<\/span><\/td>\n784-1040sf<\/span><\/td>\n228 Units<\/span><\/td>\n<\/tr>\n
4 BR<\/span><\/td>\n1480 sf<\/span><\/td>\n32 Units<\/span><\/td>\n<\/tr>\n
5 BR<\/span><\/td>\n1947 sf<\/span><\/td>\n16 Units<\/span><\/td>\n<\/tr>\n
6 BR (PH)<\/span><\/td>\n4519-4778 sf<\/span><\/td>\n4 Units<\/span><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n736 Units<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Comparable developer units<\/b><\/h3>\n

Commonwealth Towers<\/span><\/a> – 417 \/ 845 units left (average $1,652 psf)<\/span> <\/b><\/p>\n

Launch price estimates<\/b><\/h3>\n\n\n\n\n\n\n\n\n\n\n
Type<\/b><\/td>\nSize<\/b><\/td>\nEst. Ppsf ($)<\/b><\/td>\nEst. launch Price<\/b><\/td>\n<\/tr>\n
1BR<\/span><\/td>\n425\u2013441 sf<\/span><\/td>\n$1,600<\/span><\/td>\n$680,000<\/span><\/td>\n<\/tr>\n
1BR+Study<\/span><\/td>\n484\u2013495 sf<\/span><\/td>\n$1,600<\/span><\/td>\n$775,000<\/span><\/td>\n<\/tr>\n
2 BR<\/span><\/td>\n620-809 sf<\/span><\/td>\n$1,550<\/span><\/td>\n$961,000<\/span><\/td>\n<\/tr>\n
3 BR<\/span><\/td>\n784-1040 sf<\/span><\/td>\n$1,550<\/span><\/td>\n$1.22 million<\/span><\/td>\n<\/tr>\n
4 BR<\/span><\/td>\n1480 sf<\/span><\/td>\n$1,500<\/span><\/td>\n$2.22 million<\/span><\/td>\n<\/tr>\n
5 BR<\/span><\/td>\n1947 sf<\/span><\/td>\n$1,450<\/span><\/td>\n$2.82 million<\/span><\/td>\n<\/tr>\n
6 BR (PH)<\/span><\/td>\n4519-4778 sf<\/span><\/td>\n$1,300<\/span><\/td>\n$5.87 million<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Parc Riviera<\/b><\/h3>\n

EL Development was <\/span>awarded<\/span><\/a> the tender in August 2015 with only 6 bids submitted, resulting in a relatively low winning bid of $551 psf ppr. This can only mean lower selling prices for potential buyers! Although it is situated in the private residential area of West Coast, it is also within 1.5km of the <\/span>future High Speed Rail terminus<\/span><\/a>, likely be situated where the Jurong Country Club is now. It is also around 1km away from International Business Park, and the west coast area has been traditionally been a good tenant catchment area with the National University of Singapore and hospital in the vicinity. <\/span><\/p>\n

The development is about 2km away from the nearest MRT, and the adjacent plot of land for another condominium is <\/span>scheduled for tender<\/span><\/a> in December 2016, so expect construction to be going on next door for about a year after you move in. This also means the south facing units in Parc Riviera might not get a full sea view when it\u2019s completed.<\/span><\/p>\n

\"Parc
Parc Riviera has 2 towers, 36 storeys each with a total of 752 units. It is located within 1km of the International Business Park and the upcoming High Speed Rail Terminus<\/figcaption><\/figure>\n

The project has 752 units across \u00a02 towers, 36 storeys each<\/span>. Based on the winning bid of $551 psf ppr, we are expecting an average launch price of $1,200 psf. The project is expected to be completed by August 2020. <\/span><\/p>\n

Pro tiip: The nearest competitor will be the <\/span>Trilinq<\/span><\/a>, which is nearer to Clementi MRT but further away from the Jurong Lake district. <\/span><\/p>\n

Another close competitor,\u00a0<\/span>Lake Grande<\/span><\/a>, situated in Jurong Lake district, transacted units at around $1,300 psf over the last few months. Compared to that,\u00a0<\/span>Parc Riviera<\/span><\/a> is extremely value for money.<\/span><\/p>\n

Breakdown of units<\/b><\/h3>\n\n\n\n\n\n\n\n\n
Room type<\/b><\/td>\nFloor size<\/b><\/td>\nNo. of units<\/b><\/td>\n<\/tr>\n
1 BR<\/span><\/td>\n463\u2013667 sf<\/span><\/td>\n128 Units<\/span><\/td>\n<\/tr>\n
2 BR<\/span><\/td>\n603-1033 sf<\/span><\/td>\n352 Units<\/span><\/td>\n<\/tr>\n
3 BR<\/span><\/td>\n906-1442sf<\/span><\/td>\n136 Units<\/span><\/td>\n<\/tr>\n
4 BR<\/span><\/td>\n1152-1711 sf<\/span><\/td>\n136 Units<\/span><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n752 Units<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Comparable developer units<\/b><\/h3>\n

Trilinq<\/span><\/a> – 325 \/ 755 units left (average $1,402 psf)<\/span><\/p>\n

Launch Price estimates<\/b><\/h3>\n\n\n\n\n\n\n\n
Type<\/b><\/td>\nSize<\/b><\/td>\nEst. Ppsf ($)<\/b><\/td>\nEst. launch Price<\/b><\/td>\n<\/tr>\n
1 BR<\/span><\/td>\n463\u2013667 sf<\/span><\/td>\n$1,300<\/span><\/td>\n$600,000<\/span><\/td>\n<\/tr>\n
2 BR<\/span><\/td>\n603-1033 sf<\/span><\/td>\n$1,200<\/span><\/td>\n$720,000<\/span><\/td>\n<\/tr>\n
3 BR<\/span><\/td>\n906-1442sf<\/span><\/td>\n$1,100<\/span><\/td>\n$997,000<\/span><\/td>\n<\/tr>\n
4 BR<\/span><\/td>\n1152-1711 sf<\/span><\/td>\n$1,000<\/span><\/td>\n$1.15 million<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Balloting for these 2 developments are expected to take place in early November, so if you\u2019re interested to visit the show flats, you can contact any of the agents on 99.co<\/a>. To keep yourself updated on the new launches, subscribe <\/span>here<\/span><\/a> and we will send you the latest news on developer launches!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Following the launch of Forest Woods and Alps Residences, two projects will be launching this weekend – Queens Peak and Parc Riviera.<\/p>\n","protected":false},"author":35,"featured_media":54482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,53738,57131],"tags":[],"persona":[],"class_list":{"2":"type-post","11":"entry","12":"has-post-thumbnail"},"acf":[],"yoast_head":"\n99.co 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