SGPropertySource News

Top property news headlines from SGPropertySource . Find news on singapore real estate from our news section now.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that has been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login

New Launches in the Coming Months Despite TDSR 

stockfresh 3446662 business-graph-chart-diagram-bar-up-down sizeS 78de68

Despite the slow down in the market, several new launches are being planned for the next 6 months. In Mar, the number of private dwelling sold fell to only 480 from 739 units in Feb and 572 units in Jan for a total of 1791 units for that quarter. This is the lowest since late 2009 as reported by Savills. Sales are down about 29% from last quarter and 57.9% year on year. The last cooling measure, the TDSR has shown its efficacy in cooling down the market as well as the buying sentiments and ability of many would be buers. But, it has been demonstrated by several projects that there are still buyers for projects with the right combination of design, location and prices. Examples of these are the Hillford (all 281 sold out), Riverbank in Sengkang (84% sold), RiverTrees Residences (73% sold) and The Panorama in Ang Mo Kio (48% sold). The recently launched Commonwealth Towers in Queenstown has also seen a lot if interest due to its location near the city and across the road from the Queenstown MRT. Many developers who bought their land at high prices are relunctant or unable to lower their prices down to what the market now expects. On a positive note, there is recent evidence that developers are now more cautious about their land bids and hopefully this will lead to a moderation of prices in the future with the caveat being that should the market turn around, developers will want to price their units to maximize profits even with land bought at lower prices. Developers who own freehold land from days of old are the ones with the most leverage in terms of timing and profits. Examples would be The Tembusu and Kallang Riverside.

Despite the slow down, several residential developments are in the horizon of the next half year:

  • Kallang Riiverside - Freehold mixed development along the Kallang River offering great views, river side living and proximity to the city and its amenities
  • Coco Palms - Leasehold condo in Pasir Ris Grove offering 1 bedroom units at less than $500k
  • The Rise @ Oxley near Dhoby Ghaut MRT Interchange.
  • Sunnyvale Residences in Teluk Kurau, near Kembangan MRT
  • The Crest by Wing Tai in Tanglin
  • The Bijou in Pasir Panjang
  • Condo at Yishun Central (to be announced)
  • Pollen and Bleu, Farrer Drive
  • New Futura, Leonie Hill Road,
  • Gramercy Park, Grange Road
  • Robin Residences, Robin Road
  • Marina One Residences in the city
  • South Beach Residences in the city
  • Highline Residences by Keppel Land
  • Marine Blue in Marine Parade
  • Others to be announced

Buyers will have multiple choices going forward but if they think it is the right time to jump in, they should be on the look-out for gems based on the benefits and price points and be prepared to act as shown by some of the successful launches last quarter. 

Hits: 1606
Rate this blog entry:
0

Hexacube @ Changi is an upcoming mixed development that combines office space with retail and F&B which is a great combination for those working here. Stay tuned for more as details are just coming in.

Day Facade 800

Hits: 966
Rate this blog entry:
0

Developments in the Vicinity of RiverTrees Residences

RiverTrees Residences is located in the North-East Region of the URA Draft Master Plan, a region that includes AMK, Hougang, Serangoon, Pungool, North Eastern Islands, Sengkang and Seletar Planning Areas. According to the URA plan, the Sengkang area will see the following developments and enhancements:

  • More residential developments near the Town Centre to provide residential choices near major public transport hubsand to the west of Sengkang and around Jalan Kayu.
  • More amenities such as Seletar Mall (next to Fernvale LRT station) will open in 2016.
  • Waterway Point, shooping and lifestyle destination in the Town Centre
  • A new hospital, Sengkang General Hospital and Community Hospital will be ready by 2018.
  • New neighbourhood parks at Rivervale Crescent, Compassvale Walk, Compassvale Lane, Compassvale Bow and Jalan Kayu.
  • Round Island Loop linking Seletar, Punggol Promenade and Sengkang Riverside Park as part of a 150km long island wide recreational corridor
  • Improved transportation and roads
  • Enhancements to the Jln Kayu area while retaining its rustic charm.
  • More places to work with the phased development of Sengkang West Industrial Park and the expansion of Seletar Aerospace Park.
  • 5 Future Schools (2 Primary, 2 Secondry and 1 Foreign) planned for the vicintiy of RiverTree Residences.

Photos from URA:

Sengkang General Hospital  Waterway Point Seletar Mall SengKang Riverside Park

References:

URA Draft Master Plan 2013, North-Eastern Region: http://www.ura.gov.sg/MS/DMP2013/regional-highlights/north-east-region/Housing.aspx
URA Regional Highlights Brochure: http://www.ura.gov.sg/MS/DMP2013/regional-highlights/north-east-region/Housing.aspx
URA Amenities Graphic: http://www.ura.gov.sg/uol/master-plan/View-Master-Plan/master-plan-2008/View-Regional-Plans/North-East-Region/~/media/User%20Defined/URA%20Online/master-plan/view-regional-plans/north-east%20region/a-home-of-choice/NE_amenities.ashx

Hits: 3782
Rate this blog entry:
0

RiverTrees Residences AKA Boardwalk Residences is coming to the market soon. Buyers can enjoy being near to nature and a river without a big price tag. 90% of the units in RiverTrees Residences boast a view of Sungei Punggol. There are 8 strata homes nearest to the river and a guest chalet for accomodating guests in style. A park connector across the river leads to the pictureresque Sengkang Riverside Park. Property prices will appreciate as more amenities are built in this developing area. Quality is assured by the involvement of 3 reputable developers including Fraser Centerpoint. Prices will be attractive with 1 bedroom units starting from $5XXk. Stay tuned as more details about this development is made available. Call our sales hotline at 97323160 to be among the first to view and book a unit of your choice.

Hits: 1401
Rate this blog entry:
0

Posted by on in New Launch

Thomson Three Video

Thomson Three is a condo that has a lot to offer and the best way to showcase this condo is by photos and videos. A new video can be found at our Thomson Three Website.

http://sgpropertysource.com/condominium/property/thomson-three.html

Enjoy the video and call our hotline if you are convinced that its worth a look.

Thomson Three Entrance

Hits: 959
Rate this blog entry:
0

Balestier Mixed Development To Be Announced

New Mixed Development in Balestier is bound to generate a lot of interest due to its location and convenience. More details will be forthcoming in the next few weeks. Call our sales hotline at 97323160 to register your interest and receive the latest updates.

Hits: 1179
Rate this blog entry:
0

Condo at Fernvale is Now Boardwalk Residences

The Condo at Fernvale has been given the official name Boardwalk Residences. This website will be updated with details from the developer as soon as they are released. Call our sales hotline at 97323160 for latest updates and to register your interest.

Update: The above news was premature. The name Boardwalk Residences was subsequently changed to Rivertrees Residences.

Hits: 1242
Rate this blog entry:
1

ARC380 is a new building to be built at the site of Eminent Plaza and Lavender Food Square and will offer both offices and shops. Eminent Plaza tends to be known more for the Lavender Food Square next door, a rather well known food court along Jalan Besar with many deletable treats to satisfy all tastebuds. This property is strategically placed at the junction of Lavender and Jalan Besar where human and vehicular traffic are both high. The 144 offices in this 16-storey building boast ensuite washrooms which are served by 23 shops and restaurants on Level 1. Connectivity is excellent as the location is close to PIE, ECP and CTE and is served by Farrer MRT which is just 1km away and in 2017 when the future Bendeemer MRT station is scheduled to be completed, this new MRT station will be just 400m away. The central location also means easy access to CBD and the Marina Bay area as well as to government offices such as the Ministry of Manpower and the Immigration department.

ARC380 Front View

Hits: 921
Rate this blog entry:
0