Gambas EC

Woodlands Avenue 12 EC at Gambas Road. Near to Chong Pang Market

This site is already 62% sold with 495 of its 797 units were sold by the end of August. The project excel was released by the UOL Group only this April. Other analysts predict that the site will only fetch between 5 and 9 bids and the high will run somewhere between $590 – $630 PSF PPR. This would make the Woodlands Ave 12 Hao Yuan EC breakeven cost for the new site to be around $1100 PSF and with an expected selling price of $1300 – $1350 PSF. One analyst further estimates the average selling price for the new project at the site will be S$1250 – $1300 PSF.

Woodlands Ave 12 Hao Yuan EC

Northpoint City will also feature roughly 1,000 carpark spaces as well as 300 parking spaces for bicycles in an effort to enhance the lively lifestyle of Nee Soon Residents. If you take into account how close, the site is to the Serangoon MRT Station, as this is an interchange station and Nex. So given this, this analyst predicts bids to be as high as $700 – $800 PSF PPR. The Woodlands Avenue 12 EC mega project will incorporate the largest shopping mall within northern the city state, a new residential project North Park Residences, the very first Community Club to be located within a mall, a roof-top local community back garden, as well as a brand new township plaza.

Market analysts expect a good response to the site being offered. Given its proximity to the many amenities that the Serangoon area offers along with its closeness to an MRT station and also will allow for further expansion of the ULO Groups Botanique at Bartley condominium development, which is only one MRT stop away, based on the URA’s monthly development sales data. However, ERA agent Zola Tan noted desire is constantly hold up in fully developed estates together with those near MRT stations for Woodlands EC Causeway Point.

Woodlands EC Causeway Point

Analysts predict that there will be 6 to 12 bids for this new area, the top bid is likely to be somewhere in the neighborhood of $630 – $680 per square foot per plot ratio (PSF PPR). North Point City will likely involve the building of new pedestrian bridges designed to offer direct access to the entire development. Northpoint City, an upcoming integrated development together with 1000 residential units by Frasers Centrepoint, will breathe a brand new lease of life into the region together with other integrated new projects in Singapore Gambas EC.

Hao Yuan Gambas EC

A 3rd consultant is going out on a limb and believes the new condominium units could go even higher to $1400 PSF. The surplus properties for rent also provides tenants with increased choices to decide upon. The worst-hit zones are the ones without easy-access to services, like public transport. Communters in Yishun will certainly get to experience unchallenged public transportation services as well as a air-conditioned bus interchange as well as an underpass linking Yishun MRT Station to Woodlands Ave 12 Hao Yuan EC. Meanwhile, levels of competition are most likely to further expand as more suburban private homes are predicted to be ready next year, said Ong.

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Skies 39

Skies 39 New Condo at Toa Payoh by Evia Real Estate. Launching in 2016

Of these are the Wandervale by Sim Lian Land in Choa Chu Kang, Yishun’s The Criterion and Frasers Centrepoint belonging to TID Residential and CDL, and a joint project by KH Capital, Parc Life in Sembawang. Then again, the fairly higher asking price levels of Skies 39 could quite possibly have resulted in a rise in the number being set up for auction in recent quarters,” Lee explained.

Skies 39 Evia Real Estate Bid Price

It has been pointed out that upcoming projects will continue to see pricing that is competitive with a shrinking pool of potential buyers as well as developers facing competition that is steeper. While 2015’s horizon doesn’t seem to hold any changes for the government curbs on skies 39 braddell mrt, it is expected that the private residential sector will remain soft, according to a property analyst. Nicholas Mak, Research Head at SLP International anticipates a 4-6%. For the long term, Christine Li, Research Head at OrangeTee, is expecting a drop of near 10% by close of 2015.

Eugene Lim, KEO at ERA Realty anticipates rents to drop another five to six percent by the end of year for skies 39 toa payoh lorong 6, while R’ST Research director Ong Kah Seng sees a full-year decline of five to seven percent. Skies toa payoh lorong 4 Real estate property brokers attribute the problem to a lack of demand because of lack of renters. The truth is, landlords have diminished rents in order to compete for tenants, where the numbers are already constrained as a consequence of lower number of foreign workers.

Toa Payoh Condo near Braddell MRT

Regarding total sales, the quantity of homes successfully sold off rose to 10 throughout the third quarter from nine within the former period. There are also a few EC projects in the pipeline that are set to be launched over the next several months. Due to their tenure of the piece of land, freehold houses are often more pleasing to customers in the open-market as as opposed to leasehold houses. Some of the Skies 39 toa payoh lorong 4 launches that are coming up include a maiden project by Nanshan Group in Singapore called Thomson Impressions, located in Lorong Puntong.

Skies 39 Condo Review

There is also MCC Land’s Andrew Residences that is set to launch either in October or November. Also up for release next month are 663 units from Kheng Leong and UOL’s Principal Garden condominium located in Prince Charles Crescent. Comparatively, a couple of properties out of 70 had been purchased this section in Q2 2014. Particularly, 5 belonged under Skies condo at toa payoh owner’s sale, converting to a success rate of 6.8 percent since there were 73 real estate readily available in such a segment. JBE Holdings’ Signature, located at Yishun, is expecting to sell their units at a median price of $750 per square foot or less with their booking date that began on September 26th.

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Qingjian Sembawang EC

Qingjian EC Sembawang Road Canberra Link MRT. Minutes to Upcoming Canberra MRT. Application opens soon

At the launch of the North Point on 1 August, Group Chief executive officer of Frasers Centrepoint Lim Ee Seng said, “Owners at Visionaire Qingjian Sembawang does not just get to take pleasure in the lifestyle choices and excellent benefits that Qingjian Sembawang Road EC boasts, they are going to on top of that have the benefit of what currently the Northern part of Singapore presents. It is now required of developers to submit an array every week of their transaction data to the Controller of Housing.

Qingjian Realty Visionaire EC

The site was put up for sale by its owner and is big enough to be redeveloped into 2 detached homes or 1 detached home and 2 semi detached The Visionaire. It features a 28 metre wide frontage situated along Branksome Road and is in a peaceful area. It has a suggested price is $15 to 17 million, which equates to $1,087 – 1,228 psf of land area for Qingjian Realty EC Sembawang. Towards the end of this month there will be an auction taking place that will feature a few residential landed properties that are made up of owner, estate and mortgage sales.

Of these properties, the largest is single storey freehold Qingjian EC Sembawang Canberra MRT that sits on a site that is 13,844 square feet long, and is situated in District 15 just off Tanjong Katong Road and along Branksome Road. These transactions include transacted prices and sales volume of individual units, and the value of any benefits that have been given to buyers, such as furniture vouchers, cash rebates, rental guarantees and stamp or legal fee absorption.
The raising population in Singapore has resulted in the administration to incoporate planning efforts for new Qingjian EC Canberra MRT in Singapore.

Visionaire EC Sembawang Road Canberra MRT

Plans for a new underground air conditioned bus interchange in the new The Visionaire EC Qingjian Estate in order to bring more light to the town for Canberra Link EC. Future plans for numerous amenities throughout Bidadari estate which will be build over the next number of years. Examples of the blueprints and plans will include a new shopping district next to the present Woodleigh MRT Station. SRX pointed out that initiatives in the private sector also lent a hand in improving market efficiencies, productivity and transparency in pricing. Additionally, with the aging population issues in Singapore, Qingjian EC Sembawang Road Canberra MRT plans includes a new hospital to be constructed in the estate.

Qingjian Canberra Link EC

Transporting to other areas of Singapore is furthermore make somewhat less complicated due to the transportation available choices such as a completely new aircon bus interchange along with roads which are more friendly to cyclist in an effort to enhance a healthier and active lifestlye for the residents in Qingjian Canberra Link EC. These include good colleges, recently enhanced theme parks, superior medical amenities in Visionaire Qingjian Sembawang as well as plentiful of family clubs and amenities. The current actions by the HDB to upgrade Nee Soon into a much more dynamic living space for elderly residents in the community resulted in several guidelines planned out to enhance Nee Soon. There will be also brand-new temples & places of worship to boost the housing estate extraordinary history.

Options pulled include the forthcoming Bidadari city located close to Canberra EC Qingjian. The particular estate is actually structured as a relaxing and quiet life-style to go well with the town’s historical past as well as Qingjian Sembawang Road EC blueprints to involve lushes of plants and variety of general public transport will be intended in the housing estate near Qingjian EC Sembawang Road Canberra MRT.

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Paya Lebar Condo

Paya Lebar Central Lend Lease Condo. New Mix Development by Australia Developer right in the heart of Paya Lebar

During Mr. Lim’s speech he stated that CapitaGreen has been attractive to many tenants due to its sustainable design principles. These principals are in line with the company’s own business focus and corporate values in Paya Lebar Mix Development. There are a few tenants who are now in the process of attaining their certification under the BCA Green Mark Office Interior scheme, some of which include South32, Lloyds and Schroders.

Paya Lebar Central Mix Development

For you to keep up along with the real estate market awareness of the local real estate market, real estate brokers have to frequently maintain up to date with their own current market expertise so they can give better advice to their current clients. Furthermore, realtors will have to find the best advertising and marketing path to be able to secure clients. Additionally, agents can learn to support their consumers better by bringing together the project pamphlet & showcasing the essential components of the Paya Lebar Lend Lease Condo.

On December 18th of 2014 CapitaGreen attained its Temporary Occupation Permit. The project was developed by a group, comprised of CapitaLand Commercial Trust, CapitaLand and Mitsubishi Estate Asia in Lend Lease Mix Development. Of the 3 partners, CapitaLand owns 50% of the shares, CapitaLand Commercial Trust ow ns 40% and Mitsubishi Estate Asia owns 10%.

Lend Lease Paya Lebar Private Condo

Property developers in Paya Lebat Central Mix Development will continue to be careful and some may reduce prices to move sales of the balance units. New home sales is likewise launched selectively, to evaluate real estate market conditions. Propnex anticipates that launches for the whole of 2014 will give under 10,000 units, a clear, crisp decline compared 15,885 units presented a year ago and also 21,478 units in 2012.

Within 3 years of the date of the TOP CapitaLand Commercial Trust has a call option that would allow them to buy out the stakes from the other 2 partners for Paya Lebar Mix Development.

Paya Lebar Central Condo near MRT

People in Yishun can look forward to the introduction of North Point City, the most up-to-date addition to the ever rising wide variety of integrated construction projects in Singapore’s neighbourhoods.The huge assignment will combine several amenities throughout the development and also will certainly include a shopping centre, a sky garden and even an wide open concept plaza for occupants of Lend Lease Mix Development to make use of. The shopping mall will also be the largest in Northern part Singapore.

Lynette Leong, the CEO for CapitaLand Commercial Trust Management LTD., stated that some of the considerations regarding the timing for CCT to exercise the call option have been that they would like the acquisition to show gradual growth for the unit holders. The building is being leased out progressively and the majority of the tenants will begin paying rental fees at the 2nd half of the year. This means that next year onwards for Lend Lease Australia Condo will see a positive contribution to the distributed income of CCT. It is only at that point that the acquisition can be accretive, bearing in mind what the price will actually be.

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Parc Life

New EC at Sembawang – Parc Life. Opens for Registration by Fraser Centrepoint

Media reports that have quotes some 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.