General Information
Property Name : TwinPeaks
Launch Date : May 2010
Location : 33 Leonie Hill Road
District : 9
Developer : Cove Development (Overseas Union Enterprise)
Tenure : 99-year Leasehold
Estimated TOP : 1Q 2015
Expected to compete by mid-2014
Units : Two 36-storey blocks, total 462 units
1-bedroom, 268 units, 549/571 sq ft
2-bedroom, 66 units, 1055 sq ft
3-bedroom, 128 units, 1399 – 1895 sq ft
Selling Price : S$2,700 – S$3,000 psf
(check recent sales transactions)
- 1st combination of condo and service apartment project in Singapore
- Fully equipped Western and Oriental kitchens in clubhouse
- Room service available upon request (pay per use by tenants)
- Supply of F&B and room services from Mandarin hotel
- Laundry rooms and reading rooms in both towers
- Sky Gym on 13th floor and Sky Loggias (gallery)
Comments
1) The units
The developer is launching Tower II.
- Estimated maintenance fee: 1-BR $240, 2-BR $288, 3-BR $336 – 384
- For Type A smaller 1-bedroom units, west sun in unit 14 can be blocked by unit 13.
- Bigger 1-bedroom units 10 & 11 enjoy quiet facing of international schools, with unblocked Orchard skyline view. Also face northeast morning sun.
- Type B 2-bedroom units are more spacious in layout. But will be hit by west sun. The 2-bedroom units in Tower I face south.
In fact, most of the units in Tower I are north-south facing. What a typical developer strategy — save the best for last!
2) The layout
3) The finishings
- Ducted airconditioning
- For 1 & 2 bedroom units, engineered timber floor for halls and rooms. Marble flooring for 3-bedroom units.
- All furniture, lightings, carpet, appliances and blinds provided, except wallpaper, TV, pictures and curtain in living room.
Developer chose a ‘black-color theme’ for all 1-bedroom units.
Buyers can mix and match any furniture piece from the catalog.
Every single piece of furniture is classics behind a brand and a story — Cassina Utrecht armchair, Eames Lounge Chair, Carl Hansen easy chair and shell chair, Ambrogio and Tobia side tables, Airia desk, Eames coffee table and elliptical table, Tapas dinning chair, Bac chair, Coupe table and floor lamps, etc.
Sorry I know nothing about furniture. I hope my potential tenants can appreciate all these better than me.
What happens if tenants have their own furniture and ask for an empty unit?
- Ambrogio and Tobia side tables by Jesse (source: brochure)
4) Summary
The sales in Twin Peaks is not strong. Soft launch is in May and it is launched to public in September. So far only 20 to 30 units are sold.
Nonetheless, Twin Peaks is one of the few new launches that interest me:
- The site is from en-bloc of the previous Grangeford. It has the advantage of a large site area of 130,981 sq ft.
- It has the best of both worlds: the convenience of Orchard and the tranquil environment.
- Hotel services and designer furniture are unique in condos.
- Hotel services are paid by tenants on a per use basis which helps to keep the maintenance fee low.
- Most fixtures are there. Can collect key and have tenant moved in on the same day!
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