Successive Collective Sales of Raintree Gardens

En Bloc worth 334.2 Million

Raintree Gardens
Raintree Gardens

Raintree Gardens in Potong Pasir, is basically a well-known Housing and Urban Development Company (HUDC) development. The sale tender of the river fronting housing development attracted more than 5 bids by several reputable developers, which was keenly watched by the audience. The seal was sealed earlier this week and the development was sold to the UVD (Projects) – a joint venture among the UOL Venture Investments and the Singland Homes, which is secondary to the United Industrial Corporation (UIC) developers.

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Successive Collective Sales Of Shunfu Ville

Shunfu Ville
Shunfu Ville

En Bloc of Shunfu Ville

Privatised HUDC development, Shunfu Ville which is made up of 358 units is finally sold at a price tag of $638 million after several failed En Bloc attempts over the past few years. The development was sold in May 2016 to Qingjian Realty. It was reported that the seller of each individual unit will be receiving about $1.782 million. This is coming to almost double the value of a single unit there.

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Why Home Prices in Singapore are Falling Faster than Hong Kong

 

The stock market in today’s time rushes like a roller coaster, where the riders cannot concentrate what is ahead of them. It is a well-known fact that around 80 percent of the population in Singapore resides in the HDB flats, whereas, the private homes are mainly occupied by the people who have higher incomes.

Singapore HDB

The property markets in Hong Kong and Singapore are quite similar, which is why these two Asian hubs have sought to make sure that houses are inexpensive and accessible for the residents since the past few years now. However, even then, the value of the property seems to diverge and thus, Singapore damps the demands of the buyers with curbs. Meanwhile, these restrictions have lesser impact on the diverging market of Hong Kong.

 

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Singapore – The Liveable City

Singapore
Singapore

Singapore – The Liveable City

The Global Liveable Cities Index of 2010 says that Singapore is the most liveable city in all of Asia. Singapore has managed to maintain its image as the most liveable city even in today’s time. When the world is moving towards unhealthy and unhygienic forms of lifestyles, Singapore stands its ground. Other than that, the domestic security and the stability category of the city, which evaluates the crime rate and civil rate, are quite less as compared to the rest of the world.

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Different Kinds of Leases for the New HDB Flats

It is a renowned fact that more than 80 percent of the total population of Singapore lives in the HDB flats, and thus, the government is taking measures to make sure that the quality of the public housing is improved, and is affordable for everyone. However, according to the authentic sources,the government is thinking through different options available for the newer HDB flats that will be built in the Greater Southern Waterfront and Jurong Lake District.

 

Plans for different types of leases on future HDB

 

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65% of units in Forest Woods snapped up over a weekend

Forest Woods
Forest Woods

 

About 337 residential units for new launch condo, Forest Woods were sold over the weekend 8th & 9th of October 2016. All the smaller bedrooms (1 plus study ranging from 506 sq ft to 517 sq ft) to 2 Bedroom (603 sq ft to 818 sq ft) were completely snapped up by buyers on the day of balloting. The units were selling at an average psf of $1,400.

 

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Land Parcel along Siglap Road

Government Land Sales in the East

Siglap Land Parcel
Siglap Land Parcel ( Source : URA )

 

In the East region of Singapore, a land parcel along Siglap Road was released for land bid by URA in November 2015. The land which measures 19,309.6 square metres or approximately 207847 square feet is intended for residential use.

The residential site is just steps away to future Siglap MRT station which will be in operation in year 2023) (Thomson East Coast Line) and is nearby to schools such as Victoria Junior College and Victoria School. East Coast Park and the East Coast eating houses are also within a short distance away.

 

 

 

 

 

 

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Tengah – The upcoming Forest Town

Tengah – Built Right into Nature

Tengah - The Forest Town
Tengah – The Upcoming Forest Town (Source : HDB)

Singapore, the Lion City, or the Garden City as we may call it, is the perfect destination with numerous fun-filled suggestions. Surrounded by greenery all the way, Tengah a probable ‘Forest Town’, as the National Development Minister Lawrence Wong said, earlier this year. The visualizations presented for the upcoming town were mesmerizing. The site was bounded by the Pan-Island expressways, Kranji, Brickland road, and Bukit Batok road.

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The Smart Nation Home

The Smart Nation journey that the government has set the nation on encompasses all aspects of living, and involves everyone on the island. It isn’t something that a government department puts in place, and suddenly we have achieved the goal. For Singapore to become the world’s first truly Smart Nation, every aspect and facet of the country, from the education bodies, to business, from government to the man and woman on the street has to embrace the concept and help push it forward.

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Profit Participating Securities (PPS)

PPS, a New Kind of Deal

It is at times of downturn, when every dollar is harder to come by, that the shrewd businessman and forward thinking businesses really come into their own. When times are good, you don’t have be smart, you just need to do the basics well, and you will be fine. When times are tough however, that is when you really prove your mettle. As proof of that, developers, agents and owners alike are trying ever more clever and inventive ways to move units, improve the market price of their property and unlock potential value from their assets. Here we look at one of those measures – PPS. We examine exactly what it is, and how developers are using it to their advantage.

 

PPS Deal

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Dry Wall Partitions

 

Dry Wall Partitions

Dry Wall

The 2014 budget contained measures to increase the productivity level in the construction industry. One of the consequences of this was that the Building and Construction Authority (BCA) subsequently announced a raft of changes to Building Control (Buildability and Productivity) Regulations. These were predominantly designed to simplify and increase the efficiency of construction techniques on the island. One such stipulation is that all non-landed residential developments now need to use dry wall as internal partitions for dry areas.

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