Demand for executive condominiums (ECs) is expected to be sustained - at least for next year, with property watchers saying there is still interest from a sizeable group of sandwiched-class buyers who are priced out of private apartments. The Esparina (picture), in Sengkang, is seeing strong response, with 370 units, or more than 60 per cent, of its 573 units sold since it was launched last Friday. The...
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"Shall we apply for an HDB flat?" This is how Singaporean men propose to their beloved. So we are told - I am not sure how common this is. However, this uniquely Singaporean marriage proposal reflects a common aspiration among many young couples intending to wed - getting an HDB (Housing and Development Board) flat. This desire to own a marital home has remained unchanged over the years. But what buyers...
It is not just the roads that are getting ever-more congested here, it is the parking lots too. More and more motorists are complaining about not being able to park close to their homes, or perhaps not finding a legal parking place at all. It is not really a surprise, since "HDB estimates that about 10 per cent of its carparks do not have enough spaces for residents nearby", according to a ChannelNewsAsia...
Demand for executive condominiums (ECs) is expected to remain strong - at least for the next year. This is despite the lower-than-expected reception to one of the ECs launched last weekend. Property watchers believe there is still a sizeable group of sandwiched class buyers who are priced out of private apartments. Crowds thronged the showflats of the first EC to be launched in five years. The Esparina...
A Design, Build and Sell Scheme (DBSS) site at Upper Serangoon Road has been released for sale by public tender by the Housing & Development Board (HDB). HDB said the site has an area of 20,000 square metres and a maximum allowable gross floor area of 70,000 square metres. It is expected to yield about 630 units and has a lease term of 103 years, including a 48-month construction period. Located...
Since its launch on Saturday, the new executive condominium (EC) project in Yishun, The Canopy, has attracted 240 applicants over the weekend. Its showflat attracted mainly young families and residents living around Yishun, with about 60 per cent of those present being young couples aged 35 and below. Although some buyers are still cautiously observing the property market, estate agents feel that the ECs...
BUYERS snapped up 344 units of Esparina Residences, the first executive condominium (EC) to be launched in five years, on the first day of sales yesterday. The most popular units are the dual-key apartments, a studio attached to either a two- or three-bedder for extended families to live together, said developer Frasers Centrepoint Homes. Experts say the great response was expected as the project located...
Developer MCC Land is launching its first residential project, The Canopy Executive Condominium, at Yishun from October 9 to 13. The 99-year leasehold 406-unit project will offer a full range of condominium facilities. Sizes for the Executive Condominium range from about 872 square feet to 1,410 square feet for two to four bedrooms. The project will also have 22 penthouses sized between 2,088 and 2,239...
A balloting exercise will be conducted on Friday to allow applicants of the newly-launched Esparina Residences to book their units. This is because the Sengkang executive condominium (EC) has attracted more than double the number of applications for the units offered. Over 1,150 people applied for the 573-unit executive condominium, which is the first EC to be launched in over five years. Frasers...
A HUDC flat at Shunfu Road has been sold for $1.1 million, a record high in Bishan for this phased-out type of HDB project. At least two other similar-sized HUDC flats have sold for slightly higher prices, but they featured condominium-like facilities. The 1,668 sq ft apartment on a high floor of Block 315 sold at $659 psf. It won HDB resale approval last month but was sold in before government cooling...