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d’Leedon and Jewel Changi Airport win top architecture awards

Posted by Kaeden Ong on 26th July 2016 in Blog

Property developer CapitaLand has announced that two of its projects – d’Leedon and Jewel Changi Airport – were honoured atMore »

dleedon-view

Property developer CapitaLand has announced that two of its projects – d’Leedon and Jewel Changi Airport – were honoured at the International Architecture Awards 2016.

Now in its 13th year, the awards recognise real estate projects that display excellence in aspects such as design, construction, planning and sustainability.

Completed in 2014, d’Leedon was designed by the late British-Iraqi architect Zaha Hadid. The 1,715-unit condominium near Farrer Road MRT station is the largest residential development in Singapore.

According to Simon Yong, CapitaLand’s Chief Development Officer for Asia, the orientation and placement of the condo’s seven towers take environmental factors into account.

“d’Leedon’s petal-shaped floor plan allows for windows on three sides of every apartment and natural ventilation in all kitchens and bathrooms,” said Yong.

Meanwhile, Jewel Changi Airport is scheduled to open in early 2019. Designed by Safdie Architects, its distinctive architecture includes a stunning glass and steel façade and lush greenery indoors.

One of Jewel’s attractions will be the Forest Valley, a five-storey garden filled with thousands of trees and other plants, said Yong.

He added that another centrepiece will be the 40-metre high Rain Vortex, expected to be the world’s tallest indoor waterfall.

A mixed-use development, Jewel Changi Airport will house retail stores, facilities for airport operations, hotel facilities and a car park.

Organised by the Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies, about 130 projects from 43 countries were selected as winners out of the final shortlist of 370 developments.

Credits: Propertyguru

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5 best-selling projects in June 2016

Posted by Kaeden Ong on 22nd July 2016 in Blog

Property developers sold 536 private residential units, excluding executive condominiums (ECs) last month, down 50 percent from the 1,065 unitsMore »

Property developers sold 536 private residential units, excluding executive condominiums (ECs) last month, down 50 percent from the 1,065 units sold in May, revealed latest data from the Urban Redevelopment Authority (URA). Including ECs, there were 768 units sold.

There were three reasons for the drop in sales, namely selective buying sentiments, seasonal effects of the June school holidays and no new major launches, said PropNex Realty.

Only 234 new private units were launched in June, down 80 percent from May. Meanwhile, no new ECs were launched in the month.

Mohamed Ismail, CEO of PropNex, said: “The upcoming launches of Lake Grande and Gramercy Park will help to boost volume as developers look to step up their launch activities before the Hungry Ghost Festival hits in August.”

Meanwhile, the five top-selling projects were Bellewaters EC, Kingsford Waterbay, The Glades, Kingsford Hillview Peak and The Vales EC.

Bellewaters - Boutique Courtyard Lobby Opt1

  1. Bellewaters EC(OCR)
    Developer: Qingjian Realty
    Tenure: 99-year leasehold
    Location: Anchorvale Crescent (D19)
    Nearest MRT station: Sengkang MRT
    Median price: $804 psf
    Total no. of units: 651
    Sales update: 43 units sold in June

Kingsford Waterbay Condo

  1. Kingsford Waterbay(OCR)
    Developer: Kingsford Development
    Tenure: 99-year leasehold
    Location: Upper Serangoon View (D19)
    Nearest MRT station: Hougang MRT
    Median price: $1,185 psf
    Total no. of units: 1,165
    Sales update: 34 units sold in June

The-Glades-Condo-Facade

  1. The Glades(OCR)
    Developer: Keppel Land and China Vanke
    Tenure: 99-year leasehold
    Location: Bedok Rise (D16)
    Nearest MRT station: Tanah Merah MRT
    Median price: $1,402 psf
    Total no. of units: 726
    Sales update: 32 units sold in June

Kingsford Hillview Peak

  1. Kingsford Hillview Peak(OCR)
    Developer: Kingsford Development
    Tenure: 99-year leasehold
    Location: Hillview Avenue
    Nearest MRT station: Hillview MRT
    Median price: $1,315 psf
    Total no. of units: 512
    Sales update: 31 units sold in June

thevales5

  1. The Vales EC(OCR)
    Developer: SingHaiyi Group and Kay Lim Investment
    Tenure: 99-year leasehold
    Location: Sengkang (D19)
    Nearest MRT station: Sengkang MRT
    Median price: $779 psf
    Total no. of units: 517
    Sales update: 28 units sold in June

Credits: Propertyguru

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Treasure Crest EC prices start from $649,000

Posted by Kaeden Ong on 21st July 2016 in Blog

Sim Lian Group has priced its Treasure Crest executive condominium (EC) project at $742 psf on average, with a three-bedroomMore »

Treasure-Crest-Artist Impression

Sim Lian Group has priced its Treasure Crest executive condominium (EC) project at $742 psf on average, with a three-bedroom unit starting from $649,000, or $677 psf.

The 504-unit development received 1,077 e-applications during the 10-day e-application period, making it 2.1 times oversubscribed.

Sim Lian attributed the high number of e-applications to the development’s lower prices, strategic location and layout of its units. Notably, the master bedroom of all units can accommodate a king-sized bed, while the other bedrooms can fit a queen-sized bed.

Set to obtain its TOP by 2019, the 99-year leasehold project comprises 84 three-bedroom units, 364 three-bedroom premium units and 56 four-bedroom units spread across eight residential blocks. Unit sizes range from 958 sq ft to 1,345 sq ft.

The bigger three-bedroom premium and four-bedroom units were the more popular choice amongst potential buyers.

First-timers, including those applying under the Fiancé/Fiancée Scheme, accounted for around 48 percent of the e-applicants, while the rest were HDB upgraders. Majority of the applicants currently live in the north-eastern part of Singapore, specifically Hougang, Sengkang and Punggol.

Treasure Crest is located in Sengkang New Town, near the Sengkang MRT station and bus interchange.

The balloting and sales booking exercise for the project will take place on 16 July.

Credits: Propertyguru

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Tepid sales recorded at Northwave EC

Posted by Kaeden Ong on 15th July 2016 in Blog

Northwave executive condominium (EC) saw 20 units sold during its first day of bookings last Saturday (9 July), despite receiving 240More »

Northwave-EC-Artist-Impression

Northwave executive condominium (EC) saw 20 units sold during its first day of bookings last Saturday (9 July), despite receiving 240 e-applications, reported The Business Times.

Consultants attributed the project’s lacklustre showing to various factors, such as poor transport links and oversupply in the market.

Situated at Woodlands Avenue 12, the 358-unit project is a 10-minute walk to Sembawang MRT station, or two stops away from Woodlands Regional Centre.

Meanwhile, two completed ECs within the vicinity – Woodsvale and NorthOaks – have reached the 10-year mark. Market watchers noted that these projects are located much closer to Admiralty MRT station, and were developed by established firms.

Woodsvale was developed by Pidemco Land, which was then merged with DBS Land to form CapitaLand, while NorthOaks was developed by the Hong Leong Holdings, the privately held property arm of Hong Leong Group.

Northwave, on the other hand, is the fourth residential project of Hao Yuan Investment in Singapore, and its third EC project following Forestville and Sea Horizon.

In today’s buyers’ market, upgraders can afford to be choosy, whether in the private condominium market, new EC market and resale EC market, said Nicholas Mak, Executive Director at SLP International.

In addition to Woodsvale and NorthOaks, there is a substantial overhang of unsold units in previous EC projects, namely The Brownstone, Bellewoods, The Criterion and Signature at Yishun.

Mak expects the oversupply situation in the EC market to improve after one to one-and-a-half years.

Meanwhile, Ku Swee Yong, CEO of Century 21 Singapore, said it may be time for the government to review the EC scheme’s relevance.

He revealed that there may be around 3,000 to 4,000 launched but unsold EC units, and the poor performance is an “obvious indicator that we have flooded the market with too much”.

“In fact, increasing the household income to $12,000 for HDB BTO (Build-To-Order) purchases has cannibalised the number of eligible buyers,” he said. “The authorities really should review the need for an EC scheme.”

Credits: Propertyguru

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About 520 e-applications for Treasure Crest EC

Posted by Kaeden Ong on 12th July 2016 in Blog

Treasure Crest, Sim Lian Group’s executive condominium (EC) project at Anchorvale Crescent in Sengkang, witnessed robust demand over the weekend,More »

Treasure-Crest-Entrance-Drop-off

Treasure Crest, Sim Lian Group’s executive condominium (EC) project at Anchorvale Crescent in Sengkang, witnessed robust demand over the weekend, with e-applications outnumbering the number of units, reportedThe Straits Times.

The 504-unit development received 520 e-applications as at 5pm on Sunday (3 July). E-applications for the project will close on 10 July, while bookings start on 16 July.

The 99-year leasehold development comprises 84 three-bedroom units, 364 three-bedroom premium units and 56 four-bedroom units spread across eight 15-storey residential blocks.

Unit sizes range between 958 sq ft and 1,345 sq ft, while prices range from $735 psf to $755 psf on average.

A source close to the developer revealed that larger units emerged as the popular choice among e-applicants.

Set to receive its TOP by 2019, the EC project is close to the Sengkang MRT station and bus interchange. Nearby schools include Nan Chiau High School, Nan Chiau Primary School and CHIJ St Joseph’s Convent.

Last week, Kuik Sing Beng, Executive Director of Sim Lian, said he expects the project to appeal to new home buyers and upgraders alike, since it is located in a “well-connected, bustling new town”.

Aside from Treasure Crest, four other ECs have gone on sale in recent months, including Northwave in Woodlands, Parc Life and The Visionaire in Sembawang, and Wandervale in Choa Chu Kang, another project by Sim Lian.

Credits: Propertyguru

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Applications for Treasure Crest EC to open 1 July

Posted by Kaeden Ong on 5th July 2016 in Blog

Property developer Sim Lian Group will launch its 504-unit Treasure Crest executive condominium (EC) project at Anchorvale Crescent for e-applicationsMore »

Treasure-Crest-Artist Impression

Property developer Sim Lian Group will launch its 504-unit Treasure Crest executive condominium (EC) project at Anchorvale Crescent for e-applications this Friday (1 July), with unit prices ranging between $735 psf and $755 psf on average.

This comes a week after e-applications opened for Northwave EC in Woodlands at a slightly higher average price of $760 psf.

Treasure Crest comprises 84 three-bedroom units, 364 three-bedroom premium units and 56 four-bedroom units, spread across eight 15-storey residential blocks. Unit sizes range from 958 sq ft to 1,345 sq ft.

The 99-year leasehold project is being marketed by ERA and OrangeTee. It is within close proximity to the Sengkang MRT station and bus interchange.

Other nearby amenities include Compass One, Oasis Terraces, Waterway Point, The Seletar Mall and Anchorvale Community Club. Established schools such as Nan Chiau Primary School, Nan Chiau High School and CHIJ St. Joseph’s Convent are also within the vicinity.

The project is expected to receive its TOP by 2019.

Sim Lian’s Group Executive Director Kuik Sing Beng expects the project to “appeal to new home buyers and upgraders alike”.

In 2015, the qualifying income ceiling for ECs was raised to $14,000. In addition, first-time buyers are eligible for CPF Housing Grants of up to $30,000.

PropertyGuru understands that prospective buyers will have a choice of a normal payment scheme or a deferred payment scheme.

E-applications will close on 10 July, while bookings start on 16 July.

Credits: Propertyguru

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