A private housing site in Fernvale Road has attracted strong interest from developers, with Sing Development and Wee Hur Development jointly submitting the top bid of S$287.1 million in a closely-fought tender. The site location is less than 100 metres from Thanggam LRT Station and is expected to yield 605 new residential homes. Following the strong sales of nearby High Park Residences, Fernvale Road Sing Development is expecting strong sales from the spillover effect.
Fernvale Road is also conveniently linked to rest of Singapore via Tampines Expressway (TPE) and Central Expressway (CTE). There are also shops and eateries at the Jalan Kayu Identity Node and The Seletar Mall. With many schools located nearby, the development is also convenient for families with school-going children. Future residents can also enjoy a variety of sports and recreational facilities at Sengkang Riverside Park, and Sengkang Sports and Recreational Centre.
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The 358-unit Shunfu Ville, built in the late 1980s by the former Housing and Urban Development Company (HUDC) and privatised in 2013, sits on a 408,927 square foot site with about 70 years left on its lease and a plot ratio of 2.8. The residential plot was sold to Qingjian Realty for $638 million, the largest collective sale since 2007. There has not been any government sites in the Bishan-Thomson area up for sale since October 2014. The site could potentially yield over 1,000 units with an average size of 1,000 sq ft.
Shunfu Ville is conveniently located near to Marymount MRT Station, serving the Circle Line. In terms of MRT connectivity, Shunfu Ville is just one stop away from Bishan Station and the conveniences of Junction 8 mall. The new project can rise up to 36 storeys. This will give the future condo project on the site nice views of MacRitchie Reservoir and the surrounding greenery. For golf lovers, another attraction is that the site is a short drive from the Singapore Island Country Club; the club’s Sime Course will become a public golf course after 2021. While that site is in a more central location, Shunfu Ville can be seen as part of the more upmarket Thomson location.
The new condominium is expected to launch in 2H 2017. For latest update on Shunfu Ville Qingjian, simply fill up your details below and our salesperson will get in touch with you shortly!
Bukit Batok West Avenue will soon see a brand new residential with commercial component developed by Qingjian Realty. The 1.5-hectare mixed development plot attracted 11 bids despite lacklustre property market over the past few years. Qingjian Realty expects to build a condo of about 500 units and a one-storey mall. Under URA regulations, a supermarket of at least 1,000 sq m and a food court of at least 500 sq m will be included in the development. In addition, the developer will have to build a child-care centre of at least 500 sq m, which is to form part of the development’s common property.
The site is well connected to other parts of Singapore via the Pan-Island Expressway (PIE) while the Bukit Batok MRT Station is about 1km away. Some of the amenities nearby include a polyclinic, market and food centre, hospital, community clubs, a future civic and community institution development and West Mall. It is also in proximity to a number of secondary and tertiary educational institutions.
For more information on Bukit Batok West Avenue 6 mixed development by Qingjian, simply fill up your details below and our salesperson will get in touch with you shortly!
YCK EC situated at Yio Chu Kang Road is a new launch Executive Condominium (EC) By Hoi Hup Realty. The plot which attracted 10 bids during the tender exercise received a top bid of $183.8 million which works out to about S$331 per square foot of potential gross floor area, or per square foot per plot ratio (psf ppr). The 1.8-hectare site is expected to yield 520 residential units ranging from 2 bedroom units to 5 bedroom units.
Strong demand is expected for YCK EC due to the scarcity of EC plots released by the government in recent years. YCK EC will be one of the only 2 ECs expected to be launched in 2017. There is also no private residential and EC launches in recent years, with Terrasse Condo by MCL being dated last. The development is definitely going to generate strong interest from HDB upgraders and 1st timers looking for residential with condominium facilities and convenience yet affordable. ECs are generally 20-25% more affordable than private condominiums. ECs are a public-private housing hybrid form with initial buyer eligibility and resale restrictions that are lifted a decade after project completion.
The project is expected to launch in late Q2 2017.
For more information on the YCK EC, simply fill up your details below and our salesperson will get in touch with you shortly!
Buying property is a big financial and long-term commitment for most of us.
So, we should do our homework when it comes to financing.
Mr Vasu Menon, OCBC Bank’s senior investment strategist, says buying a home is a very personal decision and that there is no uniform answer on whether you should purchase or upgrade now. Much depends on your circumstances and personal finances. Continue reading
Home seekers who have taken a wait-and-see attitude may be more encouraged to dip their toes in the property market this year.
The sector is experiencing an upturn in sentiment, thanks to private home prices declining at a slower pace and increased sales.
HIGHER SALES OF NEW PRIVATE HOMES
DBS Bank’s executive director of secured lending Tok Geok Peng is seeing more buyers returning to the market in the light of more property launches and prices normalising. Continue reading
SINGAPORE – The Real Estate Developers’ Association of Singapore (Redas) has called for a review of Singapore’s property tax policies among other suggestions for the upcoming Budget.
Redas is asking the Government to reduce property tax for vacant land, exempt the tax on land slated for or under development and buildings undergoing renovations, give tax concessions for vacant properties and make the valuation process more transparent.
It also proposed that the current basis of tax assessment for vacant land be reviewed to reflect the land’s lease term. Continue reading