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Sembawang EC’s smart homes draws crowds

Posted by on 14th April 2016 in Blog

The Visionaire, the first executive condominium (EC) with smart homes, attracted keen interest on the first weekend of its opening.More »

The Visionaire EC Artist Impression

The Visionaire, the first executive condominium (EC) with smart homes, attracted keen interest on the first weekend of its opening.

More than 2,000 visitors turned up at the showflat in Wellington Circle over two days, and 400 e-applications were submitted for the 632 units, said developer Qingjian Realty.

The project comprises two- to four-bedroom units with sizes ranging from 721 sq ft to 1,582 sq ft. PropertyGuru understands that prices start from around $550,000 for a two-bedder.

Applicants indicated that they were attracted to the development’s smart features. These include the ability to monitor the movement of visitors, turn on the air-conditioner remotely, and motion sensor lighting.

“Visitors to our show units expressed their excitement and interest in the technology implemented at The Visionaire. They were also very keen on the prospect of being among the first in Singapore to live in an EC with smart homes,” said Li Jun, General Manager of Qingjian Realty.

In addition, residents can book the EC’s facilities through the HiLife smartphone app, which Qingjian launched last year.

Meanwhile, 65 of the three- and four-bedroom units feature Qingjian’s signature CoSpace concept. These apartments come with a flexible design, offering residents the option of reconfiguring their spaces to meet different lifestyle needs.

Located in Sembawang, the EC is within proximity to the future Canberra MRT station and Canberra Plaza, and Sembawang Shopping Centre.

E-applications for The Visionaire will close on 17 April, while bookings will commence on 23 April.

The 99-year leasehold project is expected to obtain its TOP in 2018.

Meanwhile, visitors can also visit the Home of the Future exhibit by Qingjian. Located next to the showflat, it showcases what homes will be like in the future.

Credits: Propertyguru

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The Jurong Innovation District will create an environment to house activities such as learning, research, innovation and production within aMore »

The Jurong Innovation District will create an environment to house activities such as learning, research, innovation and production within a single, next-generation industrial district, Mr Heng Swee Keat says.

SINGAPORE: An “industrial park of the future”, the Jurong Innovation District, will be developed, and is touted to be the “future of innovation for enterprise, learning and living”.

Finance Minister Heng Swee Keat announced this in his Budget statement on Thursday (Mar 24), and described the space as “an open and innovative urban environment”. The first phase of the District is targeted for completion around 2022, he added.

“Fifty years ago, we transformed Jurong from swampland into a thriving hub for the manufacturing industry that powered Singapore’s economic growth. Now, we will make another leap to create the industrial park of the future,” he said.

The Minister noted that Singapore’s earlier industrial estates were developed for specific industries focused mostly on production. Today, however, learning, research, innovation and production are closely intertwined, he said.

The Jurong Innovation District will create an environment to house activities such as learning, research, innovation and production within a single, next-generation industrial district. “This has the potential to transform how we live, work, play, learn and create,” he said.

JTC is currently constructing Launchpad @ JID to serve as a space for entrepreneurs, researchers and students to design, prototype and test-bed their new innovations, Mr Heng said.

Nanyang Technological University will be integrated within the district, bridged by an open plaza to create an open learning environment, the Finance Minister added.

It also launched an open innovation call to invite technology owners to test-bed and develop innovative and sustainable infrastructure within the District, he added.

Credits: Channel News Asia

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Property developers and cities are developing more cycling-friendly projects to cater to the rising number of people who are choosingMore »

Westwood-Residences-EC-Artist-ImpressionProperty developers and cities are developing more cycling-friendly projects to cater to the rising number of people who are choosing biking over driving, according to a new Urban Land Institute (ULI) report entitledActive Transportation and Real Estate: The Next Frontier.

The report, which seeks to improve the health of people and communities, studied the impact of active transportation on economic development, public health, air quality, community design and real estate design and investment.

“At its core, the bicycle boom is about people choosing a lifestyle that gives them more options and requires less dependence on motor vehicles.

“Through supporting bike infrastructure, real estate professionals can play a significant role in creating healthier, more sustainable communities. They can also help position their projects and communities in a marketplace that increasingly values active transportation,” stated the report.

One of projects profiled was the 480-unit Westwood Residences in Jurong. Considered the first ever bike-themed development in Singapore, it is due for completion in 2017. Developed by Koh Brothers and Heeton Holdings, the 99-year leasehold project will feature a mini velodrome and a bicycle garage that can house 500 bicycles, secured by a biometrics system.

This kind of project shows that “leading development practitioners are recognising the competitive advantage of investing in active transportation amenities”, the report added.

Meanwhile, nine other real estate developments were profiled in the report; eight in the United States and one in London.

Credits: Propertyguru

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Privatised ECs in high demand

Posted by Kaeden Ong on 30th March 2016 in Blog

The Straits Times Some privatised executive condominiums (ECs) are still in high demand and notching up huge gains despite theMore »

The Straits Times

Some privatised executive condominiums (ECs) are still in high demand and notching up huge gains despite the cool property market.

Just ask OrangeTee associate director Alan Yap, who gets calls every week for units he is marketing at Bishan Loft. “Newer and pricey condos in the area – Sky Vue and Sky Habitat – have helped Bishan Loft prices appreciate,” said Mr Yap.

At Nuovo in Ang Mo Kio, which he also markets, prices have roughly doubled since launch.

Buyers at Wandervale EC in Choa Chu Kang, which was launched earlier this month, may be hoping for a similar price appreciation, as will potential buyers for two more ECs launching in the second quarter, Parc Life and The Vales. But the much higher average prices of ECs launched from 2010 – about $700 to $800 per sq ft (psf) compared with mid-$300 to mid- $400 psf previously – mean profits will not be as big.

“Launch prices back then were very low due to the weak economy and events impacting property prices, including the Sars crisis,” said R’ST Research director Ong Kah Seng.

Prices of older ECs rose from about 2010, propelled by low interest rates that sent housing values soaring. In contrast, recent launch prices of ECs are nearer the $1,000 mark, a level which a resale EC unit seems unlikely to cross in the near future, said Mr Ong.

At about $1,000 psf, buyers have many other options, such as a new 99-year leasehold condo, though it may not be near an MRT station – for instance, High Park Residences in Sengkang where average prices are about $970 psf. They may even be able to get older, freehold condos, Mr Ong added. Not only are today’s ECs priced much higher than before, but the price gap between them and new suburban condos may be slightly smaller now.

At the time the privatised ECs were launched, new suburban condos sold at about $500 to $600 psf, although prices in Bishan had already hit about $1,000 psf.

Suburban condo developers have been reducing prices in view of the ample supply of private homes. Besides High Park Residences, Symphony Suites condo in Yishun Close launched at an average price of $1,000 psf last year. In comparison, average prices at The Criterion EC, also in Yishun, are about $795 psf.

Ten years or so after both are completed, about 85 years will be left on their leases. If sold in the resale market then, and in a weak market, Symphony Suites prices could be as low as $900 psf, putting pressure on prices at The Criterion EC, said Mr Ku Swee Yong of Century 21 Singapore.

EC developers may not have been as motivated to cut prices in recent times, given government grants for EC buyers and the increased income ceiling cap last year. It was hoped these factors would spur demand.

In fact, prior to Wandervale EC, which launched at about $755 psf, recent EC releases were priced close to $800 psf.

There is also the issue of abundant supply. There were 3,450 unsold EC units at the end of last year, with another 3,200 homes expected from EC projects yet to be released.

Credits: ST Property

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Work starts on Canberra MRT station

Posted by on 29th March 2016 in Blog

Construction work on the new Canberra MRT station along the North-South Line has commenced, said the Land Transport Authority (LTA)More »

Canberra-MRTConstruction work on the new Canberra MRT station along the North-South Line has commenced, said the Land Transport Authority (LTA) on Saturday (26 March).

Located along Canberra Link and between the Sembawang and Yishun stations, the Canberra station will serve commuters living in nearby estates such as Sembawang Springs, as well as upcoming residential developments in the vicinity.

China State Construction Engineering Corporation Limited (Singapore) was awarded the $90 million contract for the station in mid-2015.

“When the new station opens in 2019, commuters travelling towards the city centre or Jurong East will save up to 10 minutes of travelling time,” the LTA said in a statement.

To better facilitate commuter movement and enhance accessibility, Canberra station is designed with five entrances, with one connected to the new housing estates across Canberra Link. The new station will also have covered linkways to bus stops and bicycle parks.

This is the second time an MRT station is being built on an operational MRT line, noted the LTA. The first was Dover MRT station, between Clementi and Buona Vista stations on the East-West Line, which was completed in 2001.

Credits: Propertyguru

(Check out new condominium developments near Canberra MRT Station: Brownstone EC Floor Plan, The Visionaire EC Pricing)

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Kaeden Ong

More sheltered walkways to MRT, LRT stations by 2018

Posted by Kaeden Ong on 17th February 2015 in Blog

The government will add more than 200 km of new sheltered walkways, which are expected to be ready by 2018.More »

The government will add more than 200 km of new sheltered walkways, which are expected to be ready by 2018.

The Land Transport Authority (LTA) has awarded two contracts worth $143.8 million to Or Kim Peow Contractors, under the Walk2Ride programme.

The first contract covers 38 LRT stations in Bukit Panjang, Sengkang and Punggol, while the second contract covers 29 MRT stations in the central and southern area of Singapore as well as Bukit Merah bus interchange.

Works for these two contracts are expected to start in Q4 2015 and will complete progressively by 2018.

Announced in January 2013, the Walk2Ride programme provides sheltered connectivity between transport nodes and residential developments, public amenities schools, and health care facilities within a 400m radius of all MRT stations and within a 200m radius of all LRT stations and bus interchanges.

Credits: Property Guru

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