Exclusive Living In Singapore
A major part of choosing your future home or next big investment is viewing a show flat, but like most things in life, it is not as straight forward as you might think. This guide tells you everything you need to know and do to ensure you get the very most out of your visit, and most of it can be done without leaving your home.
Before your Visit
More and more collective sales are on the market right now, and this is a marvelous thing. The 11 Balmoral Rd up for collective sale for $75m asking price unit seems to be quite impressive now, since all owners for this freehold development with 17 units are ok with the sale.
Apparently, the owners are asking for $75 million in total. Apparently, the asking price is around $1761 for square feet, which is pretty good considering the location of this development as a whole.
The development charge payable seems to be in the region of $10 million or so, but this is subject to confirmation as there’s no real confirmation from the authorities at this time. The first collective sale took place many years ago, and right now it seems that the collective sales are pretty much on fire. Which is a good thing, as they offer some amazing new ways for people to get some good results from this type of properties.
Recently, the URA showcased a release for some of the latest residential sites on sale. There’s a new site (The Essence) at the Chong Kuo road which has around 4282 square meters, and there’s also one of around 5722 square meters too, which is on the Cuscaden Road.
Having 2 major establishments like this for sale is amazing. The latter one is now available for application under the reserve list. The tender will most likely be triggered when there’s a developer submission that’s acceptable.
The Orchard Road parcel can offer around 100 apartments and the building height is up to 100 meters maximum. It really is a tremendous, unique experience to have so many great sales and the reality is that both of these residential sites will be a rather easy sell. That being said, you can expect this to be a wonderful and very distinct place where people could find their own home.
It seems that 2 more sites will actually be available until the end of this year, so it’s safe to say that more and more developers will want to get involved into this initiative. It’s definitely going to help the region a lot, because new developments are always bringing in things like economic growth and other stellar benefits.
Adding in the right developments to a region is tricky, and selecting the best developers for the job is even trickier. But it can be done for sure, and it’s one of the things which can make a whole lot of a difference for sure. But then again, that’s what really makes the experience worth it, and hopefully we will see some new developments on this sector.
The fact that the government has ramped up supply for the development sites is very nice. Sure, there’s a smaller stock of unsolved homes right now, but the release of new establishments like this is really interesting and downright impressive. It definitely shows how amazing it is to invest in this type of property. And yes, thankfully, the investments are becoming better and better at this particular time.
That’s the reason why the URA has quite a lot of residential sites on the reserve list, and we can expect even more to appear rather soon. It all comes down to the way they will harness all of these great features, but there’s a lot of value to be had with this approach. And yes, we are bound to see more developments like these rather soon!
Refer to the links below for more info,
http://www.straitstimes.com/business/property/ura-releases-for-sale-residential-sites-at-cuscaden-road-chong-kuo-road
The residential development at Chong Kuo Road will be known as The Essence.
New launches that are near Cuscaden Road
New launch condos close to Chong Kuo Road
There are some places like the Pearlbank Apartments that will be able to sell very well with the right amount of investment. And yes, the Pearlbank Apartments is here for a fourth collective sale attempt.
In order for a property to be listed on the market, around 80% of all owners need to be ok with this, and Pearlbank Apartments did pass the 80% mark recently. Thankfully, this means we will have a collective sale bid for Pearlbank Apartments, which seems to be placed at around $728 million or so. This is a very interesting bid for sure, considering that this is an older building in Singapore and one of the tallest ones when it was created.
More and more Singapore Condos have been taken over by developers, revamped, and being placed back on the market. One such condo is Parc Bonannia which is through Sing Holdings and will go on sale in Nov 2017. This condominium offers one, two, three, four, and five bedroom units that range from 431 sq ft to 1,679 sq ft. Pricing runs from $1,280 per sq foot and up.
Bedok is both a planning area and a town located in Singapore’s East Region. By population it is the largest planning area on the island, with almost 290,000 residents calling it home. In area it covers 2,157 ha (8.37 square miles), and has the coastline as one of its boundaries, as well as the planning areas of Paya Lebar, Hougang, Tampines, Geylang and Marine Parade.
Historically, Bedok is significant as it is one of the few place names in Singapore that still exists from the days of Sir Stamford Raffles, as evidenced by its presence in the map of the island drawn up in 1828. The history of Bedok actually goes back considerably further however. Manuel Godinho de Erédia’s 1604 map of Singapore features Sune Bodo, referring to the modern day Sungei Bedok. Bedok is thought to derive its name from the Malay word for drum – bedoh (pronounced bedok), referring to the large slit drums that were used to call worshippers to prayer. There is an alternative argument however that suggests it actually comes from the Malay word biduk, meaning a small fishing boat or canoe, that would have been prevalent along the east coast at that time, due to the large number of fishing villages that were dotted along the shore.
There are many things that are unique about Sembawang. Most, if not quite all of them are down to its location. It is perched on the northern most tip of Singapore’s North Region, and is the most northerly part of the nation. In fact, it is much closer to Johor Bahru (just a kilometre away over the Straits of Johor) than it is to Singapore’s CBD.
Much of its history, character and charm comes from its relationship with the sea, but its name is very much land based in nature, which is believed to come from the local name for the Mesua ferruginea tree – the Sembawang, some examples of which are still dotted around the area. Sembawang is also home to Singapore’s only mainland natural hot spring. Its waters, which can be accessed via nearby taps, are still taken by visitors every day, and are said to be able to relieve such ailments as arthritis and eczema.
Reselling or just selling can take up to 16 weeks, but HDB is set to cut that amount of time in half. The way they want to do that is via a revamped HBD portal that will work faster and better. The focus here is on making sure that you deal with less appointments, and at the same time it will showcase the HDB resale transaction trove to give you the very best experience and results.
It seems that the entire thing is rather serious, and the focus here is on making sure that people get to sell or resale a home a lot faster. It seems that this will also make the process of conducting eligibility checks or filing transactions a whole lot easier. This also means that the documents can be uploaded and verified online.