This year's first new executive condominium (EC), Piermont Grand, sold 375 or 46% of its units in the first two days of the opening from 17 July 2019, with an average selling price of $1080 per square foot, setting a record for the highest price of EC. .
The Piermont Grand in Sumang Walk is jointly developed by City Development (CDL) and TID.
Urban Development issued a statement on Sunday that as of 6 pm, 375 of the 820 units were sold, making it the best-selling real estate project this year. The project has three to five bedroom units ranging in size from 840 to 1701 square feet with a starting price ranging from $888,000 to $1.58 million.
According to the statement, 245 units of buyers are the second home buyers, accounting for about 30% of the total number of units. According to the current regulations of the Housing Development Board, 30% of the units at the time of the opening of the EC are reserved for the second home purchasers. As a result of the full amount, the second home purchaser who could not buy a house this time can purchase from the remaining units after one month.
The last launch of the EC project, Rivercove Residences, sold about 500 units at a record price of 965 yuan, about 80% of the total, when it opened in April last year. Now 628 units have been sold out, and the median price is about $1,000.
Singapore Soka Association successfully awarded the first tender for the new religious land bidding framework with a price of 7.08 million. In the future, the religious land in Punggol will be developed into a Chinese temple.
According to the website of the Housing Development Board, the religious site at the junction of Sumang Walk and Sumang Link was launched on October 30 last year. The tender was closed on January 8 this year. Close to the land, it is the Piermont Grand EC (Executive Condominium) at Sumang Walk by CDL. The distance to the nearby Waterway Point is about 5 minutes.
According to the data, Singapore Soka Association was successfully awarded today (25th).
This religious land area is about 2007 square meters and the lease term is 30 years. In addition to the Singapore Soka Association, the other five parties bidding earlier were Diqing Forest, Amaranth Bacheng Temple Sanqinggong Co., Ltd., South Island Tianxindong Association, Confucius and Mencius Temple, and Sanqinggong Taoist Cultural Center.
According to the new tendering framework announced by the Ministry of National Development last September, the tendering activities for religious land will be carried out in two phases.
In the first stage, bidders must meet three conditions, namely, they must be registered religious groups, regularly organize activities that benefit the vast community of our country, and explain their demand for religious land.
After successfully passing the selected bidders, they can participate in the second stage of the bidding activity. The authorities will assess the financial situation of the bidders and then issue the lot to the religious group with the highest bidding price.
The Urban Renewal Authority launched a private residential lot on Fernvale Road for the market bidding, which is expected to supply about 605 residential units to the market. This is the third government land that has been launched within three kilometers of the site in the past six months. Prior to this, the government launched the executive condominium (EC) site in Yio Chu Kang EC and Anchorvale Crescent EC in December last year and June this year.
Analysts said that the location is close to last year's best-selling private residential project "High Park Residences", which is expected to attract a lot of developers interest, hoping to successfully emulate the excellent sales performance of High Park Residences.
According to the URA's notice, the Fenville Road section belongs to the main list of the Government Land Sale Plan (GLS) in the second half of this year. It is a 99-year leasehold with an area of 17,196 square meters and a maximum construction area of 515,590 square meters. .
Sengkang has launched a number of private housing projects in the past year or two, resulting in a seemingly oversupply situation in the region. However, some projects still have good sales results. For example, High Park, a hegemonic private house project launched last year, sold more than 1,300 units at a median price of less than 1,000 yuan.
Wang Dehui, director of Jones Lang LaSalle Research and Consulting, believes that the site is facing High Park Residences and may replicate the success of High Park Residences, such as the Thanggam LRT station and the Seletar Mall. Various conveniences such as schools have become another popular private housing project.
In addition to the location advantages, Wang Dehui also said that the latest data from the URA indicates that the property market is close to the bottom, and developers will be more confident to bid for lots.
He predicted that the lot could attract 6 to 9 bids, and the highest price was slightly higher than the floor area ratio of $450 and $490 per square foot.
This is the short version based on the latest review of One Meyer condominium by newlaunchguru.sg.
The most highly-anticipated new launch of Q1/2019 is finally here! One Meyer, a super rare freehold luxury condo project situated right in the heart of District 15 East Coast, one of the most prestigious and upmarket districts in Singapore. Not only that, this project is also one of the few condos in the area where residents can have stunning sea view without the traffic noise coming from ECP, thanks to the Katong Park standing in the front.
According to JLL, the marketing agent involved in the deal of One Meyer, this was the first time the residential property was put on sale. This attractive land received bids from more than 12 property developers ranging from small to big players. Several reasons may have led to that situation. First, One Meyer is well located next to the upcoming Katong Park Station set to be operational in year 2023 which is part of the Thomson East Coast line. Next, the site has a seafront and wonderful clear view of the Katong Park, just five stops away from Raffles Place and Shenton Way. This enables the future residents of One Meyer, e.g., cyclist, to reach the CBD via the cycling track of the beach. Sustained Land Ltd successfully acquired the bid with S$69 million paid. (Under|According to|Based on} the Master Plan, One Meyer site occupies 23,400 sq ft with the gross plot ratio of 2.1, and its land rate is estimated to be about S$1409 considering the development charges as well. Sustained Land plans to develop the ten storey high One Meyer into an 18 to 24 storey high accomodating up to 65-unit each having an average size of 753.5 sq ft. The gross profit ratio will shift from the current 2.09 to 2.1 if they obtain authorities' approval.
One Meyer situates at the crossroad of Meyer Place and Meyer Road in Katong which is a place known for many private properties. Lots of transport options are available to get to One Meyer, both public and private. Long travelling time by bus to other places of Singapore will be shortened with the operation of Thomson-East Coast Line by 2023. One Meyer will be served by Katong Park MRT, right at the doorstep. Driving to major places of interest in Singapore is also not a long journey with Singapore Sports Hub less than 7 minutes and CBD/Changi Airport no more than 15-min via ECP. While 23,400 square feet is not classified as a big condo project, One Meyer provides privacy and exclusivity. This one block building with the glass-facade appearance will for sure become the brightest star in Mayer Road. With reference to price list of 2-bedrooms, One Meyer should be a good deal if launch price is about S$2300-S$2400 according to competitive market analysis. Seaside Residences, a 99 year leasehold project, transacted at average of S$1900psf, is located in Bayshore, right at the opposite end of East Coast.
As for shortfalls - as a not-so-big condo project means One Meyer may not get to include so many varieties of facilities that other bigger projects own, notably The Belvedere and The Waterside nearby.
City Developments (CDL) and Hong realty (a subsidiary of the Hong Leong Group) bought ownership of Amber Park Condo in the en-bloc sale in Singapore.
Being the fact that the en bloc sale drawed attention of big bidders in the field, CDL eventually won the bid with Amber Park Price reaching S$906.7 million in single of the largest JV in the local. The sale price of Amber Park CDL translates to a land ratio of approximately S$1,515 per square feet per plot ratio according to the allowable GPR of 2.8 without development fees on the redevelopment. Hong real estate and Cityzens Development list the 200-unit involved with Hong real estate owning a 20% stake of the project.
Based on the 2014 master plan, Amber Park site occupying about 213,670 sq ft is a area for residential purposes. Every of the individual owner of the condo will receive gross sales proceeds averaging between S$4.3 million and S$8.3 million. As the original developer of the prior 200-unit Amber Park condo built in 1986, CDL claim that they understand the greatest what is suitable for the place. The developer intentions to redevelop the place to house luxury condos including up to four 25-storey buildings accommodating about 800 units plus a car park in the basement, a concept subject to approval. According to CDL, many of the units at Amber Park condo will be designed with a North-South facing orientation which allows the future residents of Amber Park condo to enjoy the stunning seaview. The upcoming iconic landmark is anticipated to be an ideal investment deal to reach the residential Market of Singapore. The unparalleled development place will benefit both investors and CDL in view of the fact that 999-year properties in Singapore are scarce. when completed, the Amber Park condo definitely provides a perfect place for people who work in the area to pocess an awesome living experience.
Amber Park condo is well situated in a mature area making it a highly sought after area. With many ongoing projects in the same area, Amber Park has potential which will offer lots of benefits to the residents. Additionally, the strategic location also allows Amber Park to enjoy the excellent connection to other areas of Singapore and access to many amenities. This neighbourhood is known for the rich cultural heritage and delicious foods, and is minutes away to malls such as Parkway Parade and I12 Katong, and reputable schools such as Tao Nan and Ngee Ann Primary, Tanjong Katong Primary, and CHIJ (Katong). Amber Road, as well as the surrounding private residential area, has long had a loyal following, from both locals and expats for its location: minutes walk to the sea and to East Coast beach, and within 15 minutes drive from the Raffles CBD, Marina Bay, and Changi Airport. In addition to appealing locational characteristics, a unique advantage of the place is its freehold status, one thing that is becoming increasingly scarce in Singapore, said Mr Sherman Kwek, CEO-designate of CDL. With all these factors including the stunning sea views, as well as its proximity (290 metres, no more than 4 minutes walk) to the upcoming Tanjong Katong MRT station due for completion in 2023, healthy demand is expected for this condo.
City Development Ltd is a prominent real estate developer doing business in numerous regions around the world. The Singapore listed developer has built its presence in 100 locations covering 28 countries as well as territories. It is also one of the biggest companies with regard to market capitalization with a stable income and a varied portfolio which covers serviced apartments, hotels, offices, shopping malls and integrated developments. The developer has operated in the real estate industry exceeding 50 years providing services in real estate management, investment, and development. In the past, the company has built over 40, 000 homes and it owns a lum sum of 18 million square feet lettable floor area globally. Its key localities of operations include Singapore, Australia, Japan, UK, and China. CDL’s London based and listed subsidiary, Millenium & Copthorne Hotels plc is a top lodge chain globally. It has more than 135 hotels globally situated in key gateway cities. With a proven track record of 50 years, CDL has built more than 40,000 homes globally and got numerous prestigious awards, such as, Quality Excellence Awards, Building and Construction Authority Awards, Workplace safety and Health Awards, etc. For over 20 years, the company has been working for green innovations to construct bold and inspiring green buildings for a brighter future. With such proven reputation, future home owners of Amber Park can expect a luxury home to live in upon completion.
Real estate market is extremely alert on policy adjustments like maximum loan eligibiity and also construction costs. Interest rates for sure may quickly swing the variety of sales that are fulfilled during any quarter of the year. When assessing Haus on Handy condo, increasing interest rate will reduce the sales, but rate reduction will certainly help the purchases of house. This is an essential reality in the realty company as this could definitely lead to quick adjustments in earnings from the purchases that may be landed up at. With this in mind, the time to buy a condominium that appears unoccupied might be when the property mood is low. A hot real estate market will make a business worth much more, as their earnings will be higher during this time. Of course if you follow this practice, you will have to suffer downturn in the marketplace. An additional view the purchase or start-up a real estate company is the state licensing needs.
The majority of states have serious demands for real estate agents. These state mandated procedures to an occupation in the real estate organisation would have to be met before a business can be started. This is not a company that could be tipped into by purely paying out some loan.
A representative could decide having her own firm, pouring considerable efforts into it. When a prospective proprietor has these actions out of the means, discovering an existing business to acquire will certainly be in order. A quick check of property business categories shows that they are generally discovered in larger cities and also the asking rate is considerable. There are additionally resales of franchise firms. Just typing into an online search engine, "Property organisations offer for sale", developed this quick check. A purchaser may also chat to business brokers as well as existing estate brokers in his city. An in place real estate company is benefits as the name is already known and will obtain customers due to this. Building a company from the ground up you do not own the edge. An existing business with a number of areas will likely come with a higher rate tag than what you might begin your very own company.
Another course of action to acquire ownership would certainly be purchasing into an existing company. That may work if you own strong connection with the existing master. Potential issue is you will certainly not have the last say in a lot of choices.
A real estate firm might grow professional in accquiring as well as marketing business suburban or commercial property, farmland as well as ranches, farm item processing plants, rental properties and also shopping. Actually a broker might reduce out a specific niche market that are readily spare in the definite estate company. Some real estate companies have designated task forces that manage certain kinds of real estate marketing.
If you want to learn more on Dhoby Ghaut, where Haus on Handy is located - Dhoby Ghaut is a area in Singapore that often refers to the Dhoby Ghaut MRT Station, a major interchange station on Singapore's Mass Rapid Transit network. As a area, Dhoby Ghaut lies along the eastern end of Orchard Road and is twinned with its namesake in India. There is a shopping mall above the MRT station called Plaza Singapura.
Until the early 1900s, the dhobis used water from a clear stream that flowed into Sungai Bras Basah, now Stamford Canal. This stream now exists as a large drain beside Handy Road. The ghats, or steps leading down to the stream, were demolished when Sungai Bras Basah was canalised. The dhobis would then dry the laundry at Dhoby Green, the open park bounded by Stamford Road, convenient Road, Bras Basah Road and Prinsep Street.
One way for Blog owners to grow web traffic to their sites is Guest blogging.
Guest bloggers offer to write content for other similar blogs in his/her industry as guest bloggers. As a return, they receive links to their own blogs. They may also have the opportunity to promote his own names and blogs in their chosen industries.
Unless you are already well-known and carry a big brand, you will have to start tiny. Highly noticeable sites will not jump at your offer to write an unsolicited post for them if you are not well referred to in your industry.
A decent approach to promote a blog is by doing Guest Posting. By doing so, you should find the blogs in your niche who accepts guest post. The next thing you can do is to ring up them to publish your guest post.
Like many of things in the world, many sites which accpet guest post have specific rules for guest bloggers to follow. E.g., guest post must be relevant to his/her niches - real estate guest post in this site only accept real estate or home improvement related guest posts. It cannot come from competitors. The post must be original. It must not be published somewhere else. You may put a link or two but not to spam to post for self-promotion purpose.
Once you meet these requirements, you are ready to go!
Amber Park, a new freehold condo by CDL, is conveniently located at the crossroads of East Coast. This future condo in District 15 comprises hundreds of units ranging from 1-5 bedrooms, all North-South facing.
Strategically located at the suburbs of District 15 in East Coast, Amber Park is within minutes away from major bus routes and the future Amber MRT, connecting you to many parts of Singapore.
Driving is also hassle-free as East Coast will connect you to PIE and ECP, giving you more options to travel to any part of Singapore at your own pace.
Living in Amber Park will also open you to a wide variety of leisure, education, work and dining facilities nearby, you will be spoilt for choices.
Nestled at the junctions of Jalan Eunos, Sims Avenue and Changi Road makes driving to and from Amber Park effortless. Even if you don’t drive, Eunos MRT is just a 3-minute walk away and Eunos Bus Interchange is also right next to it. Bus stops are also conveniently located along Sims Avenue and Changi Road.
Spend less time travelling to work with Paya Lebar Central and Viva Business Park nearby.
Chill and relax at East Coast/Marine Parade/Katong, only 6 minutes drive away from home.
Many good and reputable schools are also within close distance: Tao Nan School, Tanjong Katong Girls School, CHIJ Katong Convent, St Patrick’s School and Victoria School/Junior College just to name a few.
1 bedroom + study has a study room large enough to be converted to a guest room. 2 Bedroom + study room can be used as compact 3 bedroom. Wide balcony provides ample space for you to chill and relax without feeling clustered. Master bedroom is spacious for 3 and 5 bedrooms even after the addition of built-in wardrobe. Exclusive to 5 bedroom only, a private lift taking you right to the doorstep. To get the PDF version of the floor plan, you can download the full floor plan here.
Amber Park is reasonably priced comparing to nearly new launches. The quantum for 2 bedroom is the lowest starting from $1M. A similar new launch, Park Colonial, is going from $1.15m even though the unit size is smaller.
Moreover, for buyers looking to live near Paya Lebar Central but unwilling to pay for upmarket pricing (close to $2,000psf for Park Place Residences) , Amber Park is definitely worth considering, noting that new condo supply is rather limited in Eunos area.
Singapore is again Southeast Asia’s hottest real estate market after four years in the doldrums, but investors are also parking their money in single of the region’s less-fashionable company centers, Ho Chi Minh City. The polar opposite from our last country, Singapore is the third wealthiest nation on the planet. one out of every ten households in the city-state has a net worth above US$1 million.
As a result, property in the city is also among the world’s most expensive ones. Yet there’s still value in the market even though real estate prices often exceed US$15,000 per square meter (US$1,600 per square foot). That’s because Singapore boasts high growth despite having a developed, prosperous economy. Property values are also lower than Hong Kong, for example, which isn’t as wealthy and has more free land.
Foreigners can buy freehold condos like Amber Park in Singapore with some ownership restrictions. With that said, the government recently put forth cooling measures and now heavily taxes non-local buyers. Technically, foreigners can own landed houses in Singapore too. Be patient that foreigners need to go through some expensive and bureaucratic procedures. You should invest at smallest S$20 million and get approval from the Singapore Land Authority.