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Sentosa Cove villas relaunced at 5% discount

Posted by Kaeden Ong on 3rd June 2014 in Blog

Ximeng Land has relaunched 12 luxury villas on Pearl Island in Sentosa Cove at a discount of five percent orMore »

Ximeng Land has relaunched 12 luxury villas on Pearl Island in Sentosa Cove at a discount of five percent or $2,185 psf on land area. This works out to an absolute price of around $14.3 million to $25.5 million per villa, said media reports.

Last year, asking prices at the development stood at $2,400 psf.

“These are the last remaining brand new luxury villas in the island developments in Cove, fully fitted and ready for occupation,” stated Steve Tay, Associate Director at Newsman Realty, the villas’ sole marketing agent.

Since 2010, the developer sold seven out of the 19 villas there, with prices ranging between $1,904 psf and $2,228 psf on land area.

Of the seven units sold, the highest absolute price was $27 million or $2,162 psf for a bungalow on 12,486 sq ft of land, which is the largest unit at the development.

The development received TOP in H1 2012, and the villas have a total floor area of between 8,000 sq ft and 11,000 sq ft.

Each villa has two storeys with five to seven bedrooms, in addition to a basement, roof terrace, elevator and swimming pool.

Given the attractive discount, Tay is optimistic they will sell all the remaining 12 villas on Pearl Island by year end despite the current dry spell in bungalow deals on the upscale waterfront housing district.

Sentosa Cove is the only place in Singapore where foreigners who are not Permanent Residents (PRs) may acquire a landed home, albeit the acquisition is subject to the approval of Land Dealings (Approval) Unit.

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Amber Skye units priced from $1.1mil

Posted by Kaeden Ong on 2nd June 2014 in Blog

CS Amber Development is marketing the 22-storey Amber Skye residential project, set for completion in June 2020, according to mediaMore »

CS Amber Development is marketing the 22-storey Amber Skye residential project, set for completion in June 2020, according to media reports.

The freehold luxury residential project is nestled on 3,782 sq m of land along Amber Road in District 15. The 109-unit project is located 1.4 km from Dakota MRT, and five stations from Marina Bay Sands.

It is also near schools, such as Tanjong Katong Primary School, CHIJ (Katong) Primary School and Tanjong Katong Secondary School, as well the Canadian and Chatsworth international schools.

Amenities offered in the project include a 48-metre lap pool and Sky Terrace.

Prices at the one-block development start from $1.1 million for a one-bedroom unit and range between $7 million to $9 million for villas and three-level penthouses.

A special VVIP preview of Amber Skye is ongoing until 1 June.

CS Amber Development is a joint venture between OKP Land, a subsidiary of OKP Holdings Limited, and China Sonangol Land, a unit of China Sonangol Group.

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Multigenerational condo to launch in Kovan

Posted by Kaeden Ong on 1st June 2014 in Blog

To meet the demand for multigenerational living, Roxy-Pacific Holdings will launch Trilive soon this year. 70 to 80 percent ofMore »

To meet the demand for multigenerational living, Roxy-Pacific Holdings will launch Trilive soon this year.

70 to 80 percent of the units at the luxury freehold condominium are dual-key with elderly friendly facilities, such as non-slip provisions, bigger switches, and wider spaces.

There are also options to install grab bars and an emergency bell alarm system.

Suited for three-generational (3G) living, dual-key units are available in two to four bedroom configurations, from 463 sq ft to 1,195 sq ft.

Located at 111 Tampines Road, Trilive is a 10-minute walk to Kovan MRT station and Heartland Mall, with four schools within a 1 km radius.

The projects includes recreational facilities, shops and a green corridor and a communal residence to maximise family bonding.

Teo Hong Lim, Executive Chairman and CEO of Roxy-Pacific, said, “As one of Singapore’s last and biggest freehold sites, Trilive represents an investment ahead of its time where each dual-key homeowner has the opportunity to own two luxurious suites at the same time, for higher returns and rental possibilities.”

A recent research by Knight Frank showed there has been an increase in the number of dual-key units launched in Singapore from 2011 to 2013, and in January and February this year, four of the newly-launched developments include dual-key units.

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More couples living near parents

Posted by Kaeden Ong on 31st May 2014 in Blog

More married couples are living with or near their parents, based on preliminary findings on their living arrangements through theMore »

More married couples are living with or near their parents, based on preliminary findings on their living arrangements through the recently concluded HDB Sample Household Survey (SHS).

National Development Minister Khaw Boon Wan revealed in a blog post the proportion of those who live together or close by to their parents in the same HDB estate has grown from 31 percent in 2003 to 37 percent in 2013.

50 percent of couples would like to live together or near their parents in 2013, but only 37 percent were able to do so.

“I strongly support families living close to one another. It makes a lot of practical sense, besides nurturing strong family bonds and allowing family values to be passed on from grandparents to their grandchildren. We must do more to help families stay close to one another,” Mr Khaw wrote.

Greater priority has been given to Singaporeans who apply for a BTO flat in the same HDB estate as their parents. Eligible first-timers who buy a HDB resale flat with or in the same estate as their parents also receive a higher-tier CPF Housing Grant. $40,000 up from $30,000.

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Successful relaunch of The Panorama

Posted by Kaeden Ong on 30th May 2014 in Blog

The relaunch of The Panorama in Ang Mo Kio witnessed robust interest from buyers, after the developer cut prices byMore »

The relaunch of The Panorama in Ang Mo Kio witnessed robust interest from buyers, after the developer cut prices by 12 percent, said media reports.

Out of the 95 units released for balloting, Wheelock Properties sold 80 to 85 units as of 7:30pm last Friday, said Tan Tee Khoon, Executive Director of Residential Services at Knight Frank, the project’s marketing agent.

The figure is notably more than the project’s total sales registered since its initial launch in January when it moved 58 units, or just eight percent of the 698 units available, at an average price of $1,343 psf.

By the end of April, URA data showed that the project sold 56 units, implying that buyers returned some of the units.

Although there the sales breakdown for the relaunch was not available, agents revealed that one-bedroom and two-bedroom units emerged as the most popular.

A price list showed that a 431 sq ft one-bedder go for $564,080 to $629,200. This translates to around $1,309 to S$1,460 psf, the highest psf price on the list.

A 775 sq ft two-bedder plus study had the cheapest psf price at $1,127 psf, or slightly over $873,000.

Analysts noted that the condominium’s new pricing was attractive, considering that it is located in a part of Ang Mo Kio which is known for landed housing.

“It has a more exclusive feel and is a good location for home buyers and investors… Once they priced it right, people who were waiting on the sidelines saw their opportunity,” said Christine Li, Research Head at OrangeTee.

The success of The Panorama’s relaunch could also see other developers relaunch their projects, said analysts. A recent report by HSR showed that at least eight projects on the market here have sold less than 10 percent of their units, with some none at all.

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Yishun EC tender results revealed

Posted by Kaeden Ong on 29th May 2014 in Blog

The provisional tender results for two 99-year lease parcels of land for Executive Condominium (ECs) developments in Yishun Street 51More »

The provisional tender results for two 99-year lease parcels of land for Executive Condominium (ECs) developments in Yishun Street 51 have been released by the Housing Development Board (HDB).

The highest bid for the first plot – 17,490.20 sqm with the potential for 490 units – came from Verwood Holdings Pte Ltd and TID Residential Pte Ltd at $178.5 million. This equates to a $psm/GFA of $3,553.

JBE Holdings Pte Ltd placed the highest bid for the second plot – 18,260.40 sqm with the potential for 520 units – at $184.13 million which equtes to a $psm GFA of $3,601.

The final decision on the award of the tender will be made after the bids have been evaluated, and will be announced at a later date by HDB.

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