Exclusive Living In Singapore
Private home sales have gone through a series of struggles during the past few years. However, they achieved the four year high during last month, which indicated signs of recovery. The adjustments to property cooling measures, which were introduced back in 2009, can be considered as the main reason behind the downfall of private home sales. It has taken several years to show some signs of recovery and with the obtained results, we will be able to keep our hopes high about the future.
Seaside Residences had a successful preview last Saturday, 22nd April 2017. Out of the 560 units that were released for sale, the developer sold a total of 392 residential units, which is about 70% of it.
The launch of new residential and commercial site near the Upper Serangoon road was scheduled for tender in 2017. The launch of this mixed-use plot left all the property observers excited. It is estimated that the area will produce total 825 residences. For commercial space, 15,000 square meters is allocated. According to the National Development Ministry, the commercial area will offer services to the residents of the area. It is expected that the land will received bidding price ranging from S$750 psf ppr to S$920 psf ppr.
As per Morgan Stanley, a leading global financial services firm, the property prices in Singapore would start to see a 5 to 6 percent rise per annum from 2018. Not only this will end the long downtrend in home prices in Singapore but will also lead the prices to double up by 2030, as maintained by Morgan Stanley. The property prices in Singapore have been in a declining state for quite some time now. However, as per Morgan Stanley the downtrend is expected to end by 2018 and with beginning of a reverse phase where the uptrend will be seen.
CapitaLand Mall Asia recently signed its debut third-party contract for mall management in Singapore. This brings the number of malls under the wings to twenty.
This contract between the company and Singapore Post means that CapitaLand will immediately take over the administration of the mall coming up at the new Centre near the MRT Station in Paya Lebar. The mall should be up and running any time from June this year.
Toh Tuck is a residential area located in the western part of Singapore having many private and public housing along the Jalan Jurong Kechil road. The Toh Tuck road basically serves as a border line for Bukit Batok & Bukit Timah.
It’s a prime area which has got many added advantages besides being within an established residential area. It’s very close to Bukit Batok Nature Park and Bukit Timah Nature Reserve. Plenty of dining & eating outlets are also easily available & accessible down the road.
The Housing and Urban Development Company scheme (HUDC) in Singapore has experienced privatization for more than 40 years. It has now come to an end, where Braddell View was converted into a private estate. This incident took place on 17th March, which ended the house programme established back in 1974.
Soho is a description that is appearing more and more in the sales blurb of property developers and agents in Singapore. Despite that, or more than likely precisely because of that, there is a lot of confusion as to what the term actually means, what type of properties it is describing, and how much legitimacy the term has.
Earlier last month in March, many mouths were left agape when a 30-years old Bishan flat was transacted more than $1 million. In February, another Potong Pasir Flat which had a remaining lease of 66 years also fetched a cool $925k.
Following the recent trend whereby old public residential flats have been sold at exorbitant amounts of money, the Minister for National Development, Mr Lawrence Wong, has fired a warning shot to those who are buying old homes, by warning them that it would be foolhardy for them to take it for granted that their flats will automatically be among those which will be eligible for Selective En bloc Redevelopment Scheme (Sers).
When you think of Singaporean industrial and economic success stories, it is unlikely that aerospace and aviation will be the first things that come to mind. That is something that may well change however as it continues to go from strength the strength, and becomes an ever more important factor in the nation’s future and economy.
Adjustments made recently to cooling measures may appear unlikely to boost sales in Singapore’s property market, however there is a different outlook on real estate stocks. Following recent announcements the easement of two residential property curbs, some of the key players in Singapore’s real estate market, UOL Group, City Developments, and CapitaLand were seen registering a surge of at least 4% on the Straits Times Index.
It is now possible for retirees who own private property to access a new loan scheme which can easily help them to produce funds out of their homes. Hong Leong Finance (HLF), a renowned finance firm, has announced a program which will be extending cash to retirees in form of term loans. The scheme, which could come quite in handy for retirees, targets those who have a paid-up property and are in need of accessing ready cash for their immediate developmental use.
Retirees who are absolute owners of property will be eligible of borrowing up to 50% of their houses net worth. Clients will be free to make a choice between variable and fixed rate packages of the said loan.
It is definitely good news to many people who can now own their own homes at a mere fraction of the current market price, thanks to a popular housing scheme coming up in Johor Baru. This pilot housing project has been highly successful in triggering an awesome response.
The project opened its doors for registration on Wednesday, after it was officially launched by none other than the Johor Sultan himself. With a total of1, 840 properties as well as apartments available, the highly popular Bangsa Johor Dream Home Project had attracted over 265,000 applicants by yesterday noon.
Local Firm Trusted to Build $325 Million Tanah Merah Station Platform
A well-established, local firm has been awarded the important contract to build a new platform at the increasingly busy, Tanah Merah Station in Singapore. This contract is valued to be worth $325 million and includes building a modern platform at this busy station and constructing viaducts.
The Land Transport Authority have continued their aims to improve the rail network and have given this contract to the trusted, Lum Chang Building Contractors (LCBC), who have extensive infrastructure knowledge and experience with other building projects locally across Singapore, as well as internationally. Their previously successful constructions include Bukit Panjang MRT and stations based on the Circle Line.
