Competition is likely to get more intense in the private residential property market, with developers rolling out new projects. Based on new home sales data for January 2015 from the Urban Redevelopment Authority, there are 20 large developments with a total unsold stock of more than 200 units each - excluding executive condominiums. They include recent projects like Symphony Suites in Yishun, as well as...
new launches
More than 1,000 people visited the Kingsford Waterbay showflat on Saturday (Feb 21). Located at Upper Serangoon View, the project has 1,165 units on offer. These range from one to five-room apartments - though smaller units make up about half of those on offer. Prices are expected to start at above S$500,000 for a one-room unit. The development is the first to stand on two plots of adjacent land...
Going into 2015, property developers are gearing up to roll out new private residential projects. Amid challenging market conditions, analysts said the new units will likely be more competitively priced. Looking at past transactions, real estate agency PropNex Realty said prices of new homes have weakened by 10 to 12 per cent on average over the past year. Symphony Suites at Yishun was launched over...
Kingsford WaterBay is situated along Upper Serangoon View, standing next to the Sungei Serangoon Reservoir. It sidevelopment is surrounded by lush acres of greenery, water features and landscapes. All units in the development will get to enjoy either the picturesque view of the serene reservoir or a stunning pool view. Exquisitely designed with resort-like features, Kingsford WaterBay is the ideal home...
Located at the junction of Sims Drive and Aljunied Road, Sims Urban Oasis is a 99-year leasehold residence representing the best in city-edge living. Its excellent connectivity means everything is close to you, including the Marina Bay, CBD, Aljunied MRT Station and more. This makes going to work, school or anywhere a breeze – convenience you enjoy everyday at this location. Encompassing a size and scale...
Singapore's largest condominium project d'Leedon, near Farrer Road, marked its completion on Saturday (Oct 25). But the 1,715-unit development, which was launched for sale two years ago, still has 254 unsold units - comprising mostly four-bedroom units - as of last month. And to move sales, its developer CapitaLand Singapore said it will be refurbishing 30 units with additional designer furnishings....
Luxury project Marina One Residences at Marina Bay has attracted strong interest. According to the developer M+S, more than 85 per cent of the 242 units released so far have already been taken up. M+S is a joint venture between Singapore's Temasek Holdings and Malaysia's Khazanah Nasional. Public sale will commence this weekend. The prices range from S$1,960 per square foot to S$3,100 per square...
Luxury project Marina One Residences at Marina Bay is set to be launched next weekend, with its developer planning to release between 150 and 200 units in its first phase. Its developers said many of those who have expressed interest are looking at buying a unit for investment. Units are expected to go for between S$1,960 and S$3,100 per square foot. With two 34-storey residential towers, there will...
Located at the junction where Upper Serangoon Road meets Macpherson Road, The Venue Residences and Shoppes is conveniently close-by major roads as well as key expressways: PIE, CTE and KPE. Just a three-minute walk away, Potong Pasir MRT Station on the North East Line is a gateway to seamless connectivity. Enjoy panoramic views of the city as well as the surrounding landed estate with a thoroughly modern...
Developers of executive condominiums (ECs) had been enjoying roaring business, up until measures introduced by the Government last year curbed demand and eased the pace of new project launches. The measures included a rule that restricts developers from selling units until 15 months from the award of the sites or after foundation works are completed. In addition, the Mortgage Servicing Ratio (MSR) for...