Frasers Property (formerly: Frasers Cpt (FCL))

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Penthouse stock in final release

244 words
15 Aug 2015
Courier Mail
COUMAI
English


OVERWHELMING buyer demand has prompted developers to fast-track the final stage of the $232 million Coorparoo Square project.

Joint-venture developers Australand and Honeycombes Property Group have secured more than $117 million in sales, with over 90 per cent of stage one apartments now sold.

The next stage, to be released in October, will include a mix of one and two-bedroom apartments plus a limited number of penthouses.

Australand Queensland residential general manager Cameron Leggatt said strong interest from local owner-occupiers had absorbed much of the higher-priced stock in the initial offering.

“The remaining stock in the initial release is some of the most affordably priced apartments in the project, with two-bedroom, two-bathroom apartments starting from $535,000 and three-bedroom, two-bathroom layouts from $740,000,” he said.

Honeycombes Property Group managing director Peter Honeycombe said there was already pent-up demand for the project’s final stage.

“Due to this overwhelming demand and inquiry we are bringing on the next state of Coorparoo Square several months ahead of our original schedule,” he said.

“There is a high volume of people who have already expressed their interest in the final stage – and this will be their last opportunity to purchase at Coorparoo Square.The final release will include 115 apartments. On completion, Coorparoo Square will comprise of 360 apartments, a 6000sq m retail precinct and a 10-theatre Dendy Cinema complex.


News Ltd.



(05-07-2015, 10:43 PM)greengiraffe Wrote: http://bmag.com.au/your-brisbane/suburb-...tural-hub/

http://www.australand.com.au/Projects/Co...roo-Square

http://www.honeycombesproperty.com.au/De...?tabid=143

Newbies lead way
221 words
4 Jul 2015
Courier Mail
COUMAI
English
© 2015 News Limited. All rights reserved.

FIRST-HOME buyers have led the charge for apartments in the $232 million Coorparoo Square project, which has chalked up $100 million worth of sales in about five weeks.

Developer Peter Honeycombe, of joint developer Honeycombes Property Group, said almost 20 per cent of inquiries were from first-home buyers.

“The inner-Brisbane apartment market is a competitive space, so the high volume of owner-occupier and particularly first-home buyer activity is very positive,” he said.

Joint developer Cameron Leggatt from Australand Queensland said the local market had responded well, with particular interest from Coorparoo and neighbouring suburbs including Carina, Carindale and Camp Hill.

First-home buyer Aaron Pullen spent several months searching for a new apartment.

“I came across Coorparoo Square and it met my needs in terms of proximity to the CBD and had the bonus of excellent public transport links and lifestyle amenities,” he said.

The development – to be built on the 1.2ha site of Brisbane’s first Myer department store – includes three towers with more than 360 apartments, 6000sq m of retail space, a pool, gym and 10-screen Dendy Cinemas .

Prices start at $402,000 for one-bedroom, one-bathroom apartments.Qualifying first-home buyers can purchase with a 5 per cent deposit, instead of the standard 10 per cent.


News Ltd.

Document COUMAI0020150703eb7400055
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Looks like this project is a good location with lots of connectivity. And local buyers are snapping it up...
Reply
U will be very surprise... the undertone of the Australian mass housing remains v firm as the low interest rate environment is encouraging further rise in home ownership.

Home ownership in this case is largely driven by household formation via migrant growth and organic new household formation.

There is a good reason why Towkay paid such a high premium for ALZ last yr as ALZ is the 3rd largest listed integrated development cum investment property holding company behind Stockland and Mirvac.

Relative to China which FCL already has an exposure, the better regulated environment is a good addition to any Singapore based property company.

I always wonder why Capland gave up ALZ for a song around A$3.80 before Towkay paid A$4.52 to delist it.

ALZ will feature prominantly in FCL's stable earnings profile in the years to come.

Simon Cheong's AVJ will be announcing on 20 Aug and will be another good read on Australian's buoyant home ownership market.

GG

(18-08-2015, 06:31 PM)Contrarian Wrote: Looks like this project is a good location with lots of connectivity. And local buyers are snapping it up...
Reply
> always wonder why Capland gave up ALZ for a song around A$3.80 before Towkay paid A$4.52 to delist it.

Capitaland has always focussed on China. Perhaps they think mature market, no growth potential.

Who make this decision? God knows... :-)
Reply
We all know lah... no need to be too explicit...

(19-08-2015, 05:06 PM)Contrarian Wrote: > always wonder why Capland gave up ALZ for a song around A$3.80 before Towkay paid A$4.52 to delist it.

Capitaland has always focussed on China. Perhaps they think mature market, no growth potential.

Who make this decision? God knows... :-)
Reply
http://www.valuebuddies.com/thread-4912-...#pid118462

(18-08-2015, 07:24 PM)greengiraffe Wrote: U will be very surprise... the undertone of the Australian mass housing remains v firm as the low interest rate environment is encouraging further rise in home ownership.

Home ownership in this case is largely driven by household formation via migrant growth and organic new household formation.

There is a good reason why Towkay paid such a high premium for ALZ last yr as ALZ is the 3rd largest listed integrated development cum investment property holding company behind Stockland and Mirvac.

Relative to China which FCL already has an exposure, the better regulated environment is a good addition to any Singapore based property company.

I always wonder why Capland gave up ALZ for a song around A$3.80 before Towkay paid A$4.52 to delist it.

ALZ will feature prominantly in FCL's stable earnings profile in the years to come.

Simon Cheong's AVJ will be announcing on 20 Aug and will be another good read on Australian's buoyant home ownership market.

GG

(18-08-2015, 06:31 PM)Contrarian Wrote: Looks like this project is a good location with lots of connectivity. And local buyers are snapping it up...
Reply
Outlook reference for ALZ:

http://www.valuebuddies.com/thread-3051-...#pid118546

http://cms3.todayir.com.sg/html/client/f...615_en.pdf

Singapore, 21 August 2015 – Frasers Hospitality, a member of Frasers Centrepoint
Limited, is firmly on track to double its presence in China with the acquisition of a serviced
residence in the burgeoning city of Dalian for RMB481.37 million (S$100.29 million).


World-renowned designers Hirsch Bedner Associates have been appointed to design the
259-unit Fraser Suites Dalian. Ranging from contemporary studios to luxurious three
bedroom apartments, each residence will feature living, dining, and bedroom areas furnished
with the highest quality fittings. The property will also provide facilities including gym,
swimming pool, conference and meeting spaces. It is scheduled to open in 2017.


S$387220/key 
reasonable?
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Boss:

This area 大连国际会议中心 is probably like the suntec city convention centre, maybe even like marina bay of Dalian. It is a business district and has a waterfront. If it is like marina bay area or sydney circular area, then will be very good.

东港板块以建设中的东港商务区为核心,涵盖中山广场以东、以北的城市黄金区域。该区域主要包括大连的CBD——人民路沿线,以及大连的东部岸线。其中,核心部分改造中的东部港商务区西起人民路延伸段,东至海之韵公园门前,总规划用地面积5.97平方公里——陆域面积2.78平方公里,填海面积3.19平方公里。规划设计有港口服务区、总部办公区、金融商贸区、文化娱乐区、商业服务区、滨海服务区和高档住宅区



The NPI yield is > 7% as I read in ST or chinese zaobao yesterday.
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(23-08-2015, 01:12 PM)Contrarian Wrote: Boss:

This area 大连国际会议中心 is probably like the suntec city convention centre, maybe even like marina bay of Dalian.  It is a business district and has a waterfront.  If it is like marina bay area or sydney circular area, then will be very good.

东港板块以建设中的东港商务区为核心,涵盖中山广场以东、以北的城市黄金区域。该区域主要包括大连的CBD——人民路沿线,以及大连的东部岸线。其中,核心部分改造中的东部港商务区西起人民路延伸段,东至海之韵公园门前,总规划用地面积5.97平方公里——陆域面积2.78平方公里,填海面积3.19平方公里。规划设计有港口服务区、总部办公区、金融商贸区、文化娱乐区、商业服务区、滨海服务区和高档住宅区



The NPI yield is > 7% as I read in ST or chinese zaobao yesterday.

Big Boss,

That is music to the ears. No wonder Towkay decided to put so much $ into the project...

I bought on Friday...

Typical GG, buy liao sure go lower... will break all time low soon...

Big Grin
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Yesterday ST Business Section Boss.

I hope they reduce the leverage and generate some breathing room for some purchases at fire sale later...
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