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Strong first weekend sales for Grandeur Park

Posted by on Mar 30, 2017 in News, Property In Singapore, Real Estate | Comments Off on Strong first weekend sales for Grandeur Park

Grandeur Park residences in Tanah Merah raked in robust sales on the first weekend of its launch, moving fifty eight in keeping with cent of the overall 720 units to be had.

Its developer CEL development, a unit of Chip Eng Seng organization, stated the day past it offered 420 devices, with most of the ninety six one-bedders taken. “The sale overall performance is inside our expectation,” stated CEL development, adding that the common charge for gadgets is around $1,350 consistent with rectangular foot.

The condo task, close to Tanah Merah MRT station, incorporates one- to 5-bedders, with prices from $550,000 for a one-bedroom unit. prices for the two-bedders, which make up 45 in line with cent of the overall gadgets, start from $700,000.
The development has a theme targeted on wellbeing and functions a tie-up with Amore health to provide fitness classes and spa centers.

Many buyers had been interested in the venture’s place, mentioning its proximity to diverse services and capacity pool of tenants from Changi commercial enterprise Park.

“i hope the condominium state of affairs and prices will choose up inside the coming years but nobody can tell where the marketplace is going – you want to try your good fortune,” investor Wong Koh Hoi, 58, informed The Straits times.

Mr Wong, a handling director, sold a 560 sq.ft -bedder for approximately $821,000.

some other consumer, Mr Y.H. Tham, a 35-yr-vintage govt, picked up a 419 squarefeet one-bedroom condo for about $618,000. He plans to transport in once the improvement is prepared. “it’s far near the MRT, there are locations promoting reasonably-priced and healthy food close by and it is near wherein my mother and father live,” he stated.

Grandeur Park residences is the second one apartment mission launched this yr following the 505-unit The Clement canopy in Clementi which hit the market last month, selling almost two hundred gadgets on the primary weekend of its launch.

Analysts said the income overall performance of the Tanah Merah condo become better than expected however mentioned that it does now not sign that the assets market has became a nook.

“i would be cautious due to the fact plenty of the sales are pushed with the aid of the take- up of smaller devices, which have lower common quantum,” said worldwide property marketing consultant key government officer Ku Swee Yong.

home hunters may be spoilt for choice with two greater new tasks nonetheless to come back. amongst them, Park place residences at Paya Lebar sector – part of a blended-use task by means of Lendlease and Abu Dhabi funding Authority – is predicted to be launched later this month. The 429-unit venture will incorporate a combination of 1- to 3-bedroom flats, with an indicative charge beginning from $780,000.

In April, Frasers Centrepoint Singapore will roll out the 843-unit seaside residences in Siglap, supplying one- to five-bed room flats and penthouses.

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Yio Chu Kang EC site gets ten bids, highest at S$183.8 million

Posted by on Mar 28, 2017 in Property In Singapore | Comments Off on Yio Chu Kang EC site gets ten bids, highest at S$183.8 million

SINGAPORE — An Executive Condominium (EC) site on Hundred Palms Residences Yio Chu Kang Road has pulled in sound enthusiasm from designers, with the most elevated of ten offers adding up to S$183.8 million, the Housing and Development Board (HDB) said at the end of delicate today (Feb 18).

The 99-year leasehold site, discharged from the Confirmed List of the second 50% of the 2015 Government Land Sales program, sits on 198,302 sq ft of land. With a plot proportion of 2.8, the site has a most extreme admissible gross floor region of around 555,246 sq ft and can yield an expected 520 homes, the HDB said.

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The top offer, originating from Hoi Hup Realty, meant S$331.02 per sq ft per plot proportion.

Mr Eugene Lim, Key Executive Officer at ERA Realty, stated: “Notwithstanding the high quantities of unsold EC units, we are as yet observing uplifted enthusiasm for the EC portion. The fairly abnormal state of rivalry for the site could be because of its simplicity of openness by means of driving and nearness to Rosyth School.”

“Additionally, the site being in a bequest encompassed by HDB pads accommodates a prepared catchment pool for engineers. The last improvement will probably be a family-arranged venture, went for those with kids.

In view of the most astounding offer, offering costs will conceivably be around S$750 psf to S$800 psf,” he included.

Mr Nicholas Mak, head of research and consultancy at SLP International Property Consultants, noticed that the top offer was 6.1 for each penny higher than the second-most elevated offer, delineating the forceful offer by the designer.

He included: “The top offer is 18.2 for each penny higher than the land cost of the EC site at Anchorvale Crescent in the same Sengkang arranging zone, which shut in January 2015 at S$280 psfppr. As the subject site is closer to pleasantries, for example, shopping center, peddler focus and trustworthy schools, the higher land premium is normal.”

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iNz Residence EC receives 800 e-applications

Posted by on Mar 16, 2017 in News, Property In Singapore | Comments Off on iNz Residence EC receives 800 e-applications

INz Residence, those main official townhouse (EC) will a chance to be propelled done 2017, need gained overpowering reaction. At those end for e-applications with respect to Walk 5, more than 800 e-applications needed been accepted.

Those 497-unit iNz Residence Choa Chu Kang, Toward Qingjian Realty, will have a blend of two- with four-bedroom apartments about 689 to 1,378 sq ft, Furthermore five-bedroom maisonettes for 1,690 will 1,711 sq ft. Those units need aid spread over nine 15- What’s more 16-storey blocks, for finished deck, sky terrace, collective offices Also person normal wine cellar auto park carpet.

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Watch out for these ten major property launches in 2015

Posted by on Mar 14, 2017 in Property In Singapore, Real Estate | Comments Off on Watch out for these ten major property launches in 2015

These activities will yield again 5,200 flats.

A report card Eventually Tom’s perusing Savills followed ten significant property starts that prospective homebuyers necessity should watch out for clinched alongside 2015. Four from claiming these undertakings are placed in the OCR, same time two need aid spotted in the RCR and the different four are spotted in the CCR. These tasks will yield what added up to 5,214 units.

In the OCR, UOL Development’s Botanique at Bartley Previously, upper Paya Lebar street will yield 797 units and may be needed on make finished Previously, 2018.

In Kingsford Waterbay upper Serangoon view perspective will yield 1,165 units Also is relied upon will get its Brief inhabitance tolerance (TOP) over november 2017.

Again to Yishun Central, north jewel Development’s north park Residences is needed to yield 920 units The point when it may be completed in mid-2018.

El Development condo Symphony Suites clinched alongside Yishun road 9 will get its Main to Walk 2019 Furthermore will have 660 units.

Those two undertakings which will make propelled in the RCR incorporate marine blue with 124 units Furthermore Sims urban desert garden with 1024 units.

Four undertakings will be propelled in the CCR, including Parksuites clinched alongside holland Grove for 119 units. It will make propelled available to be purchased inside the in the first place half of the quite a while.

Singapore Land’s Pollen & bleu to Farrer drive will need 106 units. In south beach Residences will need 190 units What’s more will get its Main inside the quite a while. Lastly, Victoria park Villas done crowning ritual way will have 109 units What’s more will have its top banana Previously, 2018.

Savills stated that with no progressions of the administration controls or cooling measures on the Skyline over 2015, those private private business may be needed on remain delicate.

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Northwave EC to launch at $760 psf on average

Posted by on Mar 10, 2017 in News, Property In Singapore, Real Estate | Comments Off on Northwave EC to launch at $760 psf on average

Northwave Badminton Court resize

Northwave will be the principal EC to have an indoor badminton court cum work corridor. (Source: Hao Yuan Investment)

Northwave, Hao Yuan Investment’s most current official apartment suite (EC) at Woodlands Avenue 12, will open for e-applications this Saturday, 25 June.

Situated close to the up and coming Woodlands Regional Center, the 358-unit extend contains two-to five-room units and penthouses. Condo sizes go from 678 sq ft for a two-bedder to 1,722 sq ft for the biggest penthouse unit.

A source disclosed to PropertyGuru that the venture’s normal cost is $760 psf.

Northwave is near Sembawang MRT station, the future Thomson-East Coast MRT line and the North-South Corridor.

Other adjacent conveniences incorporate Republic Polytechnic, Causeway Point Shopping Center, and the forthcoming Woodlands General Hospital, which is set to wind up distinctly Singapore’s biggest general healing facility.

“Northwave is a keenly considered venture which mirrors the millennial Woodlands, described by the fast change of Woodlands Regional Center into an energetic live-work-play business center,” said Tan Zhiyong, Managing Director of MCC Land, the venture chief of Northwave.

The 99-year leasehold venture is required to get its TOP in February 2019.

The business exhibition is situated at Woodlands View. E-applications for Northwave EC will close on 7 July, while appointments begin on 9 July.

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