The Singapore Housing Development Board’s two-room flexi scheme is growing popular among the senior citizens of the country. The scheme, introduced in November 2015, allows Singapore citizen who are at least 55 years old to obtain a lease for a time range of 15 to 45 years. In addition, the flats under the said scheme come with features like grab bars on walls which make daily living conditions senior friendly.
Month: February 2019
Singapore is aiming toward becoming a greener country
Singapore already started depositing efforts toward becoming more efficient from the point of view of the consumed energy. What does this mean? It means that some residential buildings are beginning to enjoy lower energy bills. For example, the Joo Chiat Complex enjoys a top-notch chiller system, which helped save approximately $250,000 or 1.2 million kWh when it comes to utilities. The good news that such improvements are not going to stop. One of the country’s goals is to reach an energy efficiency of 80% by the time it reaches 2020, which is great news.
If you go through the Central Business District, it is easy to notice an interesting structure, painted in red, at the top of the CapitaGreen building. The structure we are talking about, located above the 40th floor of the building, is actually a wind scoop. Its purpose is to take air from the outside, filtering and cooling it, and then introducing it into the buildings air conditioning system. Thus, the tall building is now capable to save energy with its cooling system while offering a pleasant environment to everybody located on the inside. Why is this necessary? Well, cooling systems are one of the main energy consumers in Singapore, eating anywhere between 40 to 50% out of the energy consumed by one single building. Paired with a double-skin layer on the building, which will keep the structure from accumulating heat, such wind scoops can help save a lot of energy that would otherwise be wasted on air cooling.
Buy or Rent?
The question whether to buy or rent is perhaps the most basic one there is. It is also one where there is no correct answer. It depends massively on your own personal preferences and situation. It is also something that is very different for those asking the question in Singapore than in most other places in the world, particularly outside of Asia.
Housing Market of Hongkong ranked least affordable
Hong Kong’s Housing market continues to be the most expensive for a record nine years in a row, reveal the annual survey conducted by Demographia, an urban planning policy consultancy. Demographia has been conducting this survey for the last 15 years with an aim to assist global economic planning. The survey seeks to highlight its core premise that smart planning can create successful cities wherein high demographic and economic growth can be achieved without abnormal housing inflation.
Inflation in Singapore
In December 2018, Singapore’s overall inflation index rose to 0.5 per cent. The jump registered barely a month after the index had fallen to a six-month low of 0.3 per cent.
The rise in inflation rates occurred due to the inflation of prices for most services and retail goods. The country’s core inflation rose to 1.9 per cent in December. This was higher than the 1.7 per cent registered in November.
Enbloc of Former Florence Regency
Located along Hougang avenue 2 in between the Kovan and Hougang Estate, the Florence regency was sold to Logan Property at a price of six-hundred and twenty nine million dollars towards the end of 2017. After topping up lease of the development to a 99 year tenure, the selling price of the entire land translates to $842 psf ppr (per square foot per plot ratio).
The reserved price of the development was set at six-hundred million dollars initially. Logan Property agreed to purchase the land at a much higher price. And each owner of the former Florence Regency will get to receive slightly above $1.8 million from the sales.
Florence Regency is a former HUDC and its plot area is approximately 386,000 square feet. Due to its huge land size, developer is able to build more than 1000 residential apartments within it.
Florence Regency will be launched in February 2019, and this project will be named as The Florence Residences. There will be 9 tower of 18 storeys and a total of 1410 residential apartments within The Florence Residences. One to Five bedroom choices will be available.
To find about more about the collective sales of Florence Regency, visit our link below,
https://www.straitstimes.com/business/property/florence-regency-closes-collective-sale-for-629m
Tampines
Located within the East Region of Singapore, with the Singapore Straits on its southern border, Changi and Pasir Ris to the east and north respectively and Bedok and Paya Lebar to its west, Tampines is the name of both the planning area and the residential new town. The town – at 2089 hectares – is both the third largest and third most populated new town on the island.
