Parc Life

• By AngMoKioTower
• December 25, 2015

Media reports that have quotes some One Sophia consultants have shown that close to 5,000 EC units could possibly be launched for this year, all coming from up to 8 new projects. It is felt this will worsen the already existing condition of unsold inventory build up.

It is expected that these Executive Condo units will have a lukewarm take up, more so when the room to adjust prices lower are limited for property developers for sites that were already purchased at a higher figure for Parc Life Sembawang.

Parc Life Sembawang Singapore

While this is happening, there are 2,100 units from 12 Executive Condo project launches that are still unsold. Data from URA indicates that the rate of vacancy for these completed EC units that are available for purchase has risen to 15.1% during 2015’s 1st Quarter, a figure that is up from 11.5% from the previous quarter on Parc Life.

SLP international’s executive director, Nicholas Mak, has stated that the Executive Condo market can be compared to someone drowning at sea with two weighty milestones on Parc Life EC hung about their neck, meaning the MSR (mortgage servicing ratio) restriction and HDB seeing resale prices falling.

Parc Life Singapore

Mak further adds that a third milestone, the upgrade resale levy, will be what seals the EC markets fate.

Ong Teck Hui, the national research director for JLL, pointed out that EC units’ affordability has been lessened by the MSR, as well as restricted the eligible buyer pool, all resulting in a much lower demand and EC project take up rates for Parc Life.

As explained by consultants, the TDSR, or total debt servicing ratio, has capped borrowers’ outstanding liabilities at 60% of their gross monthly wages, making redundant the 30% MRS for Executive Condo units that are bought via developers. Furthermore, a peculiar situation has developed via the MSR where EC units have been made less affordable due to buyers being able to get a higher loan quantum on a private condo than they would for an EC unit.

Further adding to this is the fact that there is a 15 month wait period that EC projects are subject to that starts from the date that the site is acquired to the actual date of launch. Before this, EC projects were able to launch as soon as 6 months from the acquisition date of the site.

Parc Life EC

Eugene Lim, the key executive officer for ERA Realty, has stated that many consultants took note of how drastically market conditions can change during any waiting period on Parc Life. It is extremely hard for a developer to deal with these changes once the plans for a building are finalized for Parc Life.

Mak added that a potential buyer could suddenly have an increase in their salary during this 15 month wait time that would then disqualify them from being able to buy an Executive Condo unit altogether, because their household’s gross monthly income cannot be more than $12,000.

Lim feels that because of this, it may be better idea to match up the rules for EC unit loans with those used for private properties. Ong on the other hand feels that now would be timely for reviewing the waiting period of 15 months if the moderation of the bids for Executive Condo sites continues.…

The Vales

• By AngMoKioTower
• May 5, 2015

Numerous investors are seeking for apartments in the vicinity the MRT Station as transportation alternatives are many and also hence this has caused numerous of the real estate property asking prices near to public transport options which include the MRT to increase. The actual site to choose from soon in the market for Vales Anchorvale Crescent.

They could be HDB owners who are looking to upgrade, or singles and also new newlyweds trying to find their own very first houses. The Total Debt Servicing Ratio framework just closed down the lid tighter on liquidity and managed to make it so much harder for HDB upgraders to own an exclusive real estate property, much less new couples aiming to join the fray by passing up the HDB Vales Anchorvale Crescent.

Vales Anchorvale Crescent

The overall variety of properties put on public auction decreased by 4 % to 119 units in Q3 2014 from the former quarter, nonetheless on an annual basis there seemed to be a 1.7 percent increase, said a Knight Frank statement. On the other hand, the volume of properties offered by way of mortgagee sale leaped by 16.2 percent to 43 units for the quarterly basis. Of these, there were 6 landed properties, up from 5 in Q2 2014 for Vales Anchorvale Crescent.

Some might additionally be still handsomely on paper profits for Vales Anchorvale Crescentif he or she made their purchases inside the earlier property up-cycle.“A great number of people who own private residential homes these days have are sitting on profits resulting from robust capital growth from the previous property cycle.

The Vales EC

The cost of rent for HDB residences are anticipated to remain low for the remainder of the year, proclaimed home consultants and announced in the media. Significantly, real estate investment info reveal that HDB rental index fallen 2.3% in 2014, heading to a three-year low in August considering the median rent payments at $2,300. Real estate analysts surveyed observe that this may be just the start of an extended slowdown in the real estate market for Vales Anchorvale Crescent.

Examples include good schools, recently enhanced recreational areas, advanced health-related amenities plus an abundance of entertaining clubs and amenities. The recent actions by the HDB to upgrade Nee Soon into a more vibrant living location for mature residents in the community resulted in several activities coming out to transform Nee Soon near Vales Anchorvale Crescent.

Vales Sengkang

Property specialist has note that current property hunters within Geylang are locking in enormous capital gains as the newly released transaction prices indicate that both landed and condominium selling prices in the region possesses double digit growth in the last few years.…

Sol Acres

• By AngMoKioTower
• April 17, 2015

Strangely enough to keep in mind is that often with regards to buyers in which are looking for assets, Many purchasers are inquiring about real estate developers to help lower down their asking prices for the units as there are a lot of vacant units in the developerment which are left unsold. Despite the fact that property Lorong 1 Toa Payoh Condo developers are willing to work out on the price tags, several buyers are generally also watchful when searching to buy a property presently for Sol Acres EC Launch.

Choa Chu Kang Grove EC Showflat

As a way to maintain with the current market expertise of the local real estate property market, real estate brokers currently have to frequently keep up to date with their current market knowledge to enable them to give better hints and tips to their current consumers. Additionally, brokers will have to find the best advertising and marketing path in an attempt to secure the ideal target customers for their livelihood in Sol Acres Launch. Also, real estate agents can learn to assist their clients much better by having together the project brochure and highlighting the vital parts of the condo.

Young couples who are seeking for Altura EC their dwelling homes to make investments may likely not have Geylang in their minds because the vicinity has a unhealthy appeal for the sleazy bars combined with countless doubtful leisure stores. The particular bad level of popularity has put off several potential investors but this does not indicate that it’s not wise to spend money on Geylang mainly because some property or sol acres new launch home consultants sees the area as an perfect choice investment properties.

Sol Acres EC Launch Prices

Profitability from home investment decision in Geylang is common Tampines Ave 11 Tender simply because sources suggest that average selling prices of landed properties in the neighborhood climbed 31 percent to S$1,270 psf in 2013, from S$925 psf in Q4 2008 for Sol Acres EC Launch. At the same time, selling prices involving apartments raised 37 percent to S$1,023 psf from S$728 psf through the same period.

We are just opening up additional selections for the elderly to downgrade in addition to receive more cash. Foreseeable challenges we have now is to try to prepare these folks on these selections,” he said. Ku Swee Yong, Chief Executive of Century 21 observed stepping into scaled-down units in their golden years is generally not really a simple decision for the seniors.

Prices for Sol Acres EC

Lagging and weaker views on the real-estate outlook in addition to the prospects of more price decreases will hamper sales amounts in the private property market, especially of resale homes, said ERA. It presented the authorities’ reluctance to let go the property cooling measures especially the Total Debt to Service ratio (TDSR) at this moment, buyers for Sol Acres launch will adopt a laid back strategy and less controlled properties offshore as examples of the causes keeping acquiring interest down.…

UOL Botanique Bartley

• By AngMoKioTower
• April 15, 2015

Generally there exist several purchasers that are shopping for houses in the proximity of the MRT train stations as real estate property professionals believe condo properties established in the proximity of MRT stations has demonstrated that price ranges d have a tendency to improve as the general economy improves over the long term. There has to be new launch @ bartley allowed to be used.

UOL Botanique Bartley

Sellers are currently more than happy to barter, it said. Significantly, high-end dwellings are already toughest struck because of the government’s several home cooling steps, along with price levels dropping for six continuous quarters. Inside the 3rd quarter of 2014, deluxe home purchase prices fell 0.9 percent quarter-on-quarter, carrying out a 1.5 percent drop in Q2 This year for UOL Botanique Bartley

September’s Built-To-Order (BTO) exercise didn’t result in boost in marketplace demand for 2 or 3-room flats situated in non-mature estates, even considering that the governing had empowered current flat homeowners getting these properties to pay lower down payment. reported the press. A week ago, HDB announced the Staggered Deposit Scheme in helping current property homeowners who wish to downgrade to smaller flats, mainly the elderly who’re having financial conditions in UOL Botanique Bartley.

UOL Botanique Bartley Upper Paya Lebar

The rental prices for public homes are anticipated to stay low throughout the year, expressed real estate consultants and recorded on television. Remarkably, real estate property details demonstrate that HDB rents fallen 2.3% since 2014, striking a three-year low in September considering the rent payments at at a mere $2,000 per month for UOL Botanique Bartley.

At the release of North Point , Group Chief executive officer of Frasers Centrepoint Homes Lim Ee Seng said, “Home buyers at North Park Residences does not just get to take advantage of the everyday living possibilities along with superb advantages that Northpoint City presents, they are going to besides that benefit from what Nee Soon provides.

Botanique Bartley

The forthcoming HDB estate in Bidadari UOL Botanique Bartley is going to include the very first below ground air-conditioned coach bus interchange within Singapore, based on press reports. There will be numerous establishments within Bidadari estate which is to be develop in the following several years. A number of plans incorporate a new shopping establishment next to the current Woodleigh MRT Station.…