Rethinking Renting: Embracing Singapores Flexible Lease Options

Discover how Singapore’s flexible lease options are revolutionizing the rental market and changing the way people approach long-term commitments.

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Hey there, fellow renters and landlords! Are you tired of the same old rigid lease agreements that leave you feeling stuck and restricted? Well, it’s time to shake things up with Singapore’s rental revolution – flexible lease options that cater to the modern lifestyle.

Before we dive into the exciting world of flexible leases, let’s take a quick look at the traditional leasing model in Singapore. Typically, tenants sign fixed-term leases ranging from one to two years, locking them into a set rental amount and duration. But as we all know, life doesn’t always stick to a rigid schedule, and that’s where flexible leases come in.

The Rise of the Sharing Economy

The sharing economy has changed the way we consume goods and services, from ride-sharing to coworking spaces. This shift towards shared resources and flexible arrangements has spilled over into the real estate market, paving the way for innovative lease options that cater to changing lifestyles and economic conditions.

Benefits of Flexible Lease Options

So, what’s in it for you? Well, flexible leases offer a range of benefits for both tenants and landlords. For tenants, these options provide greater freedom to adapt to changing circumstances, such as job relocations or family needs. Plus, you only pay for the time you actually use the property, reducing financial strain. Landlords at Fourth Avenue Residences condo also benefit from increased flexibility to adjust rental rates based on market conditions, ensuring a win-win situation for all parties involved.

Types of Flexible Lease Options

There are several types of flexible lease options available in Singapore to suit different needs and preferences. Month-to-month leases are ideal for tenants with uncertain living situations or short-term stays, offering the ultimate flexibility. Co-living arrangements provide shared living spaces with shorter leases and communal amenities, perfect for those seeking a sense of community. Flexi-rental schemes allow landlords to offer discounts or incentives for longer-term leases while still allowing for early termination, striking a balance between stability and flexibility.

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Potential Challenges and Solutions

Of course, with any new system comes potential challenges. One major concern is the stability and reliability for both tenants and landlords, as the rental landscape shifts towards more flexible arrangements. To address this, clear guidelines and contracts should be put in place to protect the interests of both parties. Additionally, creating platforms or agencies that specialize in matching tenants with flexible lease options can help streamline the process and ensure a smooth experience for everyone involved.

Conclusion

As we navigate the ever-changing rental landscape in Singapore, it’s crucial to stay ahead of the curve and embrace the rental revolution of flexible lease options. By rethinking renting and adapting to the modern lifestyle, we can create a more dynamic and inclusive real estate market that caters to the diverse needs of tenants and landlords alike. So, whether you’re looking for short-term flexibility or long-term security, there’s a flexible lease option out there waiting for you. Let’s embrace the change and reimagine renting in Singapore!

 

The Smart Home Revolution: Top Tech Features for Singaporean Living

Discover the top tech features that are revolutionizing Singaporean living, making smart homes the new standard in modern living.

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Welcome to the era of smart living in Singapore! With home automation becoming increasingly popular, more and more homeowners are embracing the convenience and efficiency that smart features bring to their living spaces. In this blog post, we’ll explore the latest trends in home automation and highlight the top tech features that are shaping modern living in Singapore.

Smart Lighting

When it comes to creating the perfect ambiance in your home, smart lighting is a game-changer. Imagine being able to control the brightness and color of your lights with just a tap on your smartphone. In Singapore, smart lighting systems are gaining popularity for their energy-efficient and customizable features.

Popular brands like Philips Hue and LIFX offer a wide range of smart bulbs and lighting fixtures that can be easily integrated into your home. With the ability to set schedules, create scenes, and adjust lighting levels remotely, smart lighting systems bring a new level of convenience to modern living in Singapore.

Smart Security

Home security is a top priority for homeowners in Singapore, and smart security systems are revolutionizing the way we protect our properties. With advanced features like motion sensors, facial recognition technology, and remote monitoring capabilities, smart security cameras and alarm systems provide peace of mind to homeowners. Emerald of Katong is one such development that has smart security provision.

Brands like Ring, Nest, and Arlo offer a range of smart security products that are easy to install and integrate into your home. Whether you’re looking to monitor your front door, backyard, or entire property, smart security systems in Singapore are a must-have for modern living.

Smart Climate Control

Living in a tropical climate like Singapore can be challenging when it comes to managing your home’s temperature. Smart climate control systems offer a solution to this problem by allowing homeowners to easily adjust their air conditioning and heating settings remotely.

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Popular smart thermostats like Nest Learning Thermostat and Ecobee4 are equipped with features that optimize energy usage and create a comfortable indoor environment. By investing in a smart climate control system, you can save on energy costs and enjoy a more pleasant living space in Singapore.

Smart Home Entertainment

Transform your living room into a state-of-the-art entertainment hub with smart home entertainment systems. With smart TVs, speakers, and streaming devices, you can enjoy your favorite movies, TV shows, and music in high-definition quality and surround sound.

Brands like Samsung, LG, and Sonos offer a wide range of smart entertainment products that are compatible with popular streaming services like Netflix, Spotify, and Amazon Prime Video. Whether you’re hosting a movie night with friends or relaxing on the weekend, smart home entertainment systems enhance your viewing and listening experience in Singapore.

Smart Appliances

Upgrade your kitchen and laundry room with smart appliances that offer convenience and efficiency in your daily tasks. Smart kitchen appliances like refrigerators, ovens, and dishwashers are equipped with features that make cooking and cleaning a breeze.

Brands like Samsung, LG, and Bosch offer a range of smart appliances that can be controlled remotely through a smartphone app. From setting cooking timers to monitoring energy usage, smart appliances in Singapore bring a new level of functionality to modern living.

In conclusion, the smart home revolution is transforming the way we live in Singapore. With top tech features like smart lighting, security, climate control, home entertainment, and appliances, homeowners can create a more convenient, efficient, and enjoyable living environment in Fourth Avenue Residences Singapore. As technology continues to advance, the possibilities for smart living in Singapore are endless. Embrace the future of home automation and elevate your living space with these smart features!

 

Investing in Singapore Real Estate: Unleashing the Power of Equity Crowdfunding

Discover how equity crowdfunding is revolutionizing the way people invest in Singapore real estate and how you can get involved.

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Are you looking to diversify your investment portfolio and explore alternative ways to invest in Singapore real estate? Then, equity crowdfunding might just be the answer you’ve been searching for. In this blog post, we will delve into the world of equity crowdfunding as an alternative investment model in the vibrant real estate market of Singapore.

Understanding Equity Crowdfunding

Equity crowdfunding is a revolutionary way to invest in real estate, allowing individual investors to pool their resources together to invest in properties. Unlike traditional real estate investing, where you need significant capital to buy properties outright, equity crowdfunding allows you to invest smaller amounts in a diversified portfolio of real estate assets.

One of the key benefits of equity crowdfunding is the ability to access investment opportunities that were once reserved for institutional investors and high-net-worth individuals. By investing in real estate through crowdfunding platforms, you can benefit from potential returns without the hefty price tag.

Singapore Real Estate Market Overview

The Singapore real estate market is known for its stability and strong growth potential. With an array of residential, commercial, and industrial properties, there are plenty of opportunities for investors to explore. However, the high entry barriers, stringent regulations, stamp duty, and market volatility present challenges for individual investors looking to break into the market.

Despite these challenges, the Singapore real estate market remains attractive to local and foreign investors alike. From luxury condominiums in prime districts to industrial properties in burgeoning business hubs, there is no shortage of investment opportunities in the Lion City.

Equity Crowdfunding Platforms in Singapore

Several equity crowdfunding platforms have emerged in Singapore, offering investors access to a wide range of real estate investment opportunities. Platforms like Fundnel, CoAssets, and Crowdo provide investors with the tools and resources to invest in curated real estate projects with lower entry barriers.

These platforms offer a user-friendly interface, thorough due diligence processes, and transparent investment terms to give investors peace of mind when investing in real estate through crowdfunding. By leveraging technology and regulatory frameworks, equity crowdfunding platforms in Singapore are bridging the gap between individual investors and real estate opportunities.

Risks and Considerations

While equity crowdfunding opens up new possibilities for investing in real estate, it is important to be aware of the risks involved. As with any investment, there are potential risks such as market volatility, lack of liquidity, and regulatory changes that could impact your investment returns.

It is crucial to conduct thorough research, understand the investment terms, and diversify your investments to mitigate risks. Additionally, staying informed about market trends, regulations, and economic indicators can help you make informed investment decisions when participating in equity crowdfunding in Singapore real estate.

Conclusion

Equity crowdfunding offers a unique opportunity for individual investors to participate in the dynamic real estate market of Singapore. By harnessing the power of technology and collaboration, investors can access a diverse range of real estate projects and potentially earn attractive returns on their investments.

If you are looking to venture into real estate investing in Singapore but have limited capital or experience, equity crowdfunding could be the perfect entry point for you. Remember to do your due diligence, understand the risks involved, and seek advice from financial professionals before making any investment decisions. With the right approach and mindset, equity crowdfunding can unlock a world of opportunities in the exciting world of Singapore real estate.

 

Escape the Concrete Jungle: Suburban Living in Singapore

Discover the secret oasis of tranquility in Singapore’s suburbs, where nature and peaceful living await you just outside the city.

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The hustle and bustle of city living can sometimes become overwhelming. The constant noise, crowded streets, and lack of space can leave urbanites craving for a change of scenery. In recent years, there has been a noticeable shift in Singapore, with more and more city dwellers opting to trade the bright lights of the central district for the tranquility of the suburbs.

Why Suburban Living?

One of the main reasons driving this trend is the appeal of spacious homes and more land outside of central Singapore such as Chuan Park at Lorong Chuan. Urbanites are finding that they can enjoy larger living spaces, backyards, and even private gardens in suburban areas. This newfound space offers a sense of freedom and allows for a more relaxed lifestyle, away from the high-rise buildings and busy streets of the city.

The Appeal of Suburban Living

Suburban areas are often equipped with a range of amenities and facilities that cater to the needs of residents. From neighborhood parks and recreational centers to shopping malls and dining options, suburban living offers a well-rounded lifestyle for families and individuals alike. The sense of community in suburban neighborhoods also adds to the appeal, creating a friendly and welcoming environment for residents.

Affordability and Property Prices

Property prices in central Singapore can be sky-high, making it difficult for many urbanites to afford a home in the city. In comparison, suburban areas offer more affordable housing options, allowing individuals and families to get more value for their money. Additionally, the potential for property appreciation in suburban areas makes it an attractive investment for those looking to secure their financial future.

Lifestyle Choices and Work-Life Balance

Suburban living is often associated with a more laid-back lifestyle and a focus on work-life balance. With access to a variety of leisure activities and recreational opportunities, residents can enjoy a more relaxed pace of life outside of the city. The escape from the hustle and bustle of central Singapore allows for a greater sense of tranquility and peace of mind.

Challenges of Suburban Living

While suburban living offers numerous benefits, it also comes with its own set of challenges. Longer commute times to the city center and limited access to certain amenities may be a drawback for some individuals. However, with proper planning and adjustments, these challenges can be overcome, allowing residents to fully enjoy the perks of suburban living.

Overcoming Challenges

One way to address longer commute times is to explore alternative transportation options such as carpooling, cycling, or utilizing public transportation. Additionally, making the most of local amenities and facilities in suburban areas can help residents feel more connected and engaged with their community. By actively participating in neighborhood events and activities, residents can foster relationships and build a strong sense of belonging. If you preferred to stay nearer to city, Fourth Avenue Residences is one such project you can consider.

The Social Impact of Suburban Living

Living in the suburbs can sometimes be perceived as isolating, especially for those used to the vibrant social scene of central Singapore. However, suburban neighborhoods often have their own social hubs and gathering places where residents can connect with one another. From community centers to local cafes and markets, there are plenty of opportunities for social interaction and building relationships in the suburbs.

Conclusion

As the trend of urbanites moving to the suburbs continues to grow in Singapore, it’s clear that there is a strong appeal to the spacious homes, sense of community, and overall lifestyle that suburban living offers. While there may be challenges to overcome, the benefits of suburban living can greatly enhance the quality of life for individuals and families looking for a change of pace. Whether you’re seeking more space, a quieter environment, or simply a new perspective, suburban living in Singapore may just be the perfect escape from the concrete jungle of the city.

 

From Bricks to Clicks: How E-commerce is Reshaping Retail Real Estate in Singapore

Discover the revolutionary impact of e-commerce on Singapore’s retail real estate market and how traditional stores are adapting to survive.

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Hey there, fellow retail enthusiasts! Today, we’re diving into the exciting world of retail real estate in Singapore and how the rise of e-commerce is shaking things up. The landscape of retail has been undergoing a significant transformation in recent years, with online shopping becoming increasingly popular among consumers. Let’s explore how this shift is impacting traditional brick-and-mortar stores and what it means for retail real estate in Singapore.

The Evolution of E-commerce in Singapore

It’s no secret that e-commerce has been on the rise in Singapore, mirroring a global trend towards online shopping. With the convenience of browsing and purchasing products from the comfort of their homes, more and more consumers are choosing to click their way through their shopping lists. In fact, statistics show a steady growth in online retail sales in Singapore, signaling a shift in consumer behavior from traditional brick-and-mortar shopping to online platforms.

While e-commerce has been a game-changer for the retail industry, it has also presented challenges for traditional retail landlords in Singapore. As more consumers opt for online shopping, foot traffic in physical stores has declined, leading to vacancies in retail spaces. In response to this shift, retail real estate owners are rethinking their strategies to attract tenants and create engaging retail environments.

Strategies for Retail Real Estate Owners and Developers

So, how can retail real estate owners and developers navigate this changing landscape and thrive in the age of e-commerce? One key strategy is to focus on creating experiential retail spaces that offer more than just products for sale. By providing unique and engaging experiences for consumers, landlords can attract shoppers and keep them coming back for more. Additionally, integrating technology and digital marketing tactics can help retail spaces stay relevant and connect with online-savvy consumers.

The Future of E-commerce and Retail Real Estate in Singapore

Looking ahead, the future of e-commerce and retail real estate in Singapore is full of opportunities and challenges. As e-commerce continues to grow, retail real estate owners and developer will need to adapt and innovate to meet the changing needs of consumers. By embracing change, staying ahead of trends, and focusing on creating memorable retail experiences, stakeholders in the industry can position themselves for success in the evolving retail landscape.

In conclusion, the rise of e-commerce is reshaping retail real estate in Singapore, presenting both challenges and opportunities for stakeholders in the industry. By understanding the evolving preferences of consumers, embracing innovation, and staying agile in response to changing trends, retail real estate owners and developers can navigate this shift successfully. So, let’s raise a toast to the future of retail in Singapore, where bricks and clicks come together to create a vibrant and dynamic shopping experience for all!

 

Building Wealth Together: How Property Investment Clubs in Singapore Can Help You Succeed

Discover the secret to financial success in Singapore with property investment clubs – join forces to build wealth together!

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Hey there, fellow investor! Are you looking to take your property investment game to the next level? One fantastic way to do just that is by joining a property investment club in Singapore. These clubs offer a plethora of benefits, including networking opportunities that can open doors to new investment projects, educational resources to help you stay ahead of real estate trends, and support and guidance from experienced investors. Let’s dive into why joining a property investment club could be your ticket to success in the Singapore real estate market.

Networking Opportunities

One of the biggest advantages of joining a property investment club is the chance to connect with like-minded individuals who share your passion for real estate. Whether you’re a seasoned investor or just starting out, being part of a community of fellow investors can provide valuable insights and opportunities for collaboration.

These clubs often host networking events, workshops, and seminars where you can learn from experienced investors and industry professionals. By surrounding yourself with knowledgeable and motivated individuals, you’ll be able to expand your network, gain new perspectives, and potentially find new investment partners.

Collaborating with other members on investment projects can also help you diversify your portfolio and take on bigger opportunities that you may not be able to tackle alone. The power of teamwork in property investment cannot be understated, and property investment clubs offer the perfect platform for fostering these collaborative relationships.

Educational Resources

Property investment clubs in Singapore often provide access to a wealth of educational resources that can help you stay informed and make smarter investment decisions. From guest speakers discussing the latest real estate trends to workshops on proven investment strategies, these clubs offer a valuable learning experience for members.

Attending these events can give you insights into market dynamics, upcoming developments, and innovative investment tactics that you may not have considered before. Additionally, having access to industry experts and professionals can provide guidance and mentorship to help you navigate the complexities of property investment successfully.

By continually expanding your knowledge and staying informed about the latest trends in the real estate market, you’ll be better equipped to make informed decisions and seize profitable investment opportunities with confidence.

Deal Sourcing

One of the key benefits of joining a property investment club is gaining access to exclusive off-market investment opportunities. These clubs often have a robust network of contacts and resources that can help you discover hidden gems such as Emerald of Katong Jalan Tembusu new launch and lucrative deals that may not be available to the general public.

Members-only access to co-investment opportunities can also provide a way to pool resources and tackle larger investment projects together. By collaborating with other members on joint ventures, you’ll be able to leverage each other’s strengths and resources to maximize returns and mitigate risks.

Furthermore, being part of a property investment club can give you a first look at potential investment properties before they hit the market, giving you a competitive advantage and allowing you to secure deals before others have the chance to bid.

Support and Guidance

Investing in property can be a complex and sometimes daunting endeavor, especially for newcomers to the real estate market. That’s where the support and guidance provided by property investment clubs come in handy.

Members of these clubs often have access to mentoring programs, one-on-one support from experienced investors, and resources for conducting due diligence and research on potential investment opportunities. Having a network of knowledgeable individuals to turn to for advice and guidance can be invaluable in navigating the intricacies of property investment successfully.

Whether you’re seeking advice on market trends, property valuation, or negotiation tactics, the support and resources available through a property investment club can equip you with the tools you need to make informed decisions and build a profitable real estate portfolio.

Conclusion

So there you have it – the many ways in which joining a property investment club in Singapore can help you succeed in the real estate market. From networking opportunities that connect you with like-minded individuals to educational resources that keep you informed and deal sourcing that gives you a competitive edge, these clubs offer a host of benefits that can help you build wealth and achieve your investment goals.

If you’re looking to take your property investment journey to the next level, consider joining a property investment club in Singapore and start reaping the rewards of collaboration, knowledge sharing, and support from a community of experienced investors. Together, we can build wealth and success in the exciting world of real estate investment!

 

HDB and private homes prices rise in Q1 but remains stable

HDB, private homes prices rise in Q1 but property market remains stable

National Development minister said there might be some variation in Housing Board or private home resale rates from quarter to quarterly, but that authorities expect the market stability to continue.

The Government will carefully monitor trends in the upcoming quarters.

HDB’s resale apartments saw their prices rise by 1.8 % in the first 3 months of 2024. That was a significant increase over the 1.1 % that had been recorded the quarter before. The price of HDB flats has increased 16 consecutive times since the 2nd quarter of 2020.

Using figures from the Urban Redevelopment Authority(URA), private residential property prices increased by 1,4% in the 1st quarter.

Grand Dunman condo

Resale values (HDBs), will fluctuate according to the season, and also by the quarter. You can compare year on year the changes in resale values. Last year’s was lower, as were the 2022 prices, while 2022’s was lower.

HDB’s resale costs rose by only 4.9 percent in 2023. The 10.4 percent increase seen in both 2022, and 2021 was followed by a 12.7% jump.

HDB has finally caught up to construction delays resulting from the Covid-19 virus pandemic. They are also continuing their Build-To Order launches.

The authorities have committed to building 100,000 BTO homes between 2021 and 2020. By February, over 67,000 BTOs flats were already on the marketplace.

In parallel, private housing is also being increased.

Government Land Sales is planning to release 5,450 privately owned homes spread across 10 sites confirmed in the first quarter of 2024. This will be a seventh half-yearly increase since the start of 2021.

Sites that have been confirmed are released to sale on schedule regardless of demand.

We also implemented a variety of cooling mechanisms to ensure the market remains aligned with economic fundamentals, on both the HDB and the private property side.

The scheme was started in 2005 as a way to give flat buyers who earn more money better quality homes, but it was discontinued in 2011. DBSS Flats are private developer-designed and built flats that are constructed on government property.

In March there were 61 properties that sold for over $1 million. This was just a fraction from the 2,063 sold resale units in the same calendar month.

P/S: All units in Fourth Avenue Residences condo had been full sold. We thank you for your continuous support.

Foreigners buying condos dropped by 71% since ABSD raised

The additional buyer’s stamp duty (ABSD), a tax hike that was introduced in 2013, has proved to be effective at dampening the demand from foreign investors.

As of April 27, only 306 condo units had been purchased by foreigners in the period May 2023-April 2024 after ABSD rates were raised from 30% to 60%.

Comparatively, foreigners bought 1 064 condo units between May 2020 and April 2023. That’s a total of 5.4 per cent. This number fell to just 1.8 percent from May to April of 2024.

Analysts pointed out that the decline in foreign purchasers was most pronounced in the CCR, the core central area (CCR), where foreign investors are more likely to be interested.

Read more: The Hill at One North

In the twelve months preceding the ABSD rise, foreigners accounted for approximately 14 per cent (or a total of 61 condos) sold in the CCR. In the past 12 month, this number dropped to approximately 6 percent.

Urban Redevelopment Authority Data showed that after the ABSD rise, fewer units were traded. The CCR saw a 36.6 percent drop in sales volume, going from 4,215 up to 2,672 units.

The number and average price of luxury apartments in the CCR priced above $10 million fell from 73 to 50 units between 2022 and 2023.

Many investors do not have to sell their properties at a discount and instead prefer to rent them out. Prices have held firm despite lower transaction volumes.

Luxury home sales could also have slowed down due to a longer sales process and more stringent due diligence by financial institutions for large-ticket purchase.

More foreigners are making inquiries about luxury residential non-landed property or have committed to buy it.

Some are of South Asian descent and hold US citizenship. The foreign buyer of luxury non landed private residential property today is more interested in value-for money deals than emotional value.

ABSD is not payable by buyers of their first home in Singapore who are from the US or Switzerland, Iceland, Liechtenstein Norway, and Liechtenstein.

The ABSD has caused a dramatic drop in Chinese buyers of luxury goods.

Chinese nationals topped foreign buyers for new and resale condominiums in CCR between 2020 and 2021 with 112 (and 155) caveats, respectively. PropNex Research & URA data show that the number of Chinese buyers dropped to 113 in 2030 and 93 in 2020.

A caveat lodged at the Singapore Land Authority protects a buyer by securing a property.

American buyers top the list of foreign purchasers on the CCR. 110 caveats were lodged in both 2023, and 2022. In 2020 and 2021 there had been 59 and 91.

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URA’s latest data, published on April 26, showed that total private residential volume dropped by 2,4% in the first 3 months of 2024. This was the 3rd consecutive quarter that sales were down.

In the period January to march 2024, there were 43 foreign transactions, with 22 being from US buyers. The rest were from China, Switzerland, Norway, and five other countries. In 11 of the transactions, there is no information about buyers’ nationality.

Between January and March of 2024, foreign buyers accounted 1,2 percent for new condo units and those sold at resale prices. It’s down from 1.7 percent during the fourth quarter in 2023. The lowest figure ever since 1995. Due to a drop in foreign demand, the majority of home sales will come from local buyers.

The Botany has sold almost half its units on the launch day, at an average psf of S$2,070

Sim Lian Group’s The Botany sold nearly half of its 386 units on the day of their launch on Saturday, March 4, at an average of S$2,070 a square foot. This shows a strong demand for suburban condominiums.
Sim Lian announced on Sunday that 187 units of The Botany had been sold by March 4, and the demand for the two-bedroom units was the highest.
The Botany, a 99-year leasehold condominium developed jointly by Sim Lian Land & Sim Lian Development is located in Dairy Farm Walk near Hillview MRT Station.
The 48 percent take-up rate has exceeded all expectations. This is a very strong performance that reflects the real demand for mass-market homes in the face of limited new private home inventories outside the Central Region. The higher proportion of smaller units sold indicates that the market still has a demand for investment.
Sim Lian stated that the buyers represented a good mix of owner-occupiers as well as investors. Singaporeans made 85 percent of the total number of buyers. Permanent residents and foreigners made up the rest.
The strong demand for suburban condos is reflected in the high number of units booked on the first public booking day at The Botany.
The research shows that HDB investors and upgraders are the main buyers of these properties. This is evident by the fact 52 percent of the condominium units sold in the Dairy Farm district were bought by buyers who had HDB addresses.
The Botany is a development that offers 386 apartments spread over five blocks, on a land area of 168.597 square feet. It should receive its temporary occupancy permit (TOP), by 2027.
The units are available in sizes ranging from 506 square feet to 1,765 square feet. Prices begin at S$998,000, for the smallest unit, a one-bedroom with study. Five-bedroom units start at S$2.9million.
Sim Lian reports that all 36 units with one bedroom and 93% of the 104 units with two bedrooms have been sold. Sim Lian said that more than 20% of the 175 units with three bedrooms, 57 units with four bedrooms and 14 units with five bedrooms were taken.
Sceneca Residence at Tanah Merah sold 60 percent on the first day of its sales, in January.
Last month, buyers bought more than a third (270) of the freehold units in Terra Hill development at Pasir Panjang at its launch.
Investors focused on one-bedroom apartments, probably because of the demand for rental units from the German European School located next door. Owner-occupiers are attracted to the peaceful environment and proximity to natural beauty.
Two-bedroom units almost sold out at the launch due to “smaller families and affordability”.
In the next two month, potential buyers can also look forward to upcoming projects such as Blossoms by the Park and Tembusu Grand, The Continuum, The Reserve Residences.
Source: https://www.businesstimes.com.sg/property/nearly-half-units-botany-sold-launch-day-average-s2070psf

CDL cancels preview of luxury condos after recent cooling measures; other private launches remain unaffected

City Developments Limited has delayed the preview of its luxury freehold condo following Singapore’s latest cooling measures for property announced earlier this week.

A spokesperson for the developer stated on Friday, April 28 that the preview of the 246 unit Newport Residences was initially scheduled to begin this weekend.

The Newport Residences are part of the mixed-use development Newport Plaza, which is located at the site of former Fuji Xerox Towers on Anson Road.

The market will take time to digest the news of the latest government property measures, according to the spokesperson.

CDL will closely monitor the market and announce its launch when it is appropriate.

Read also: Fourth Avenue Residences Allgreen

Other condominium developments are also expected to launch their projects. CNA confirms that Blossoms By the Park, by EL Development – scheduled to launch this Saturday – will proceed.

The preview of the 99-year leasehold development with 275 residential apartments, located at 9 Slim Barracks Rise began on April 14.

Cape Royale is also a good option for buyers looking to live a lifestyle.

Source: https://www.channelnewsasia.com/singapore/cdl-newport-residences-postponed-condo-launches-property-cooling-measures-3451621

Wing Tai sold 70% of The M during the launch weekend

Wing Tai Asia has sold 70% or more than 360 units in its latest condominium development, The M. This was despite the Covid-19 epidemic that continues to rage.

The average unit sold for $2450 sq. ft. It is the first private development to be opened up for public viewing since Singapore was hit by the viral outbreak.

On Feb. 15-16, more than 2,000 visitors visited The M’s gallery located at the intersection of Middle Road and Selegie Road. Wing Tai Asia said that various health and safety measures were implemented to protect clients. These included professional cleaning the gallery every hour, temperature monitoring, collecting contact information, and restricting the number of visitors at any given time.

The balloting took place between 8:30am and 3pm, on February 22, due to the high level of expressions. The M consists of studios, one- and three-bedroom apartments ranging from 409 square feet to 904 square feet spread over three 20-storey and one 6-storey building.

Read also: Fourth Avenue Residences condo

Studio and 1-bedroom units have a home/work design concept, which allows living spaces to be transformed into work areas. A multi-purpose kitchen table that is also a dining area and can convert into a desk for work, as well as a sliding closet that serves both purposes are among the design elements.

It is located near offices, medical facilities, and shopping malls in Singapore’s central business district. The Bugis, City Hall, and Esplanade MRT Stations are also within walking distance.

This condominium should be finished constructing by 2024’s first quarter.

Source: https://www.straitstimes.com/business/property/wing-tai-sells-70-of-the-m-over-launch-weekend

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