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A Closer Look at the former Florence Regency in Hougang

Things that happened while you’re asleep. Have you heard the rumors by now? The latest introduction within our lovely District 19. If you are looking to upgrade your residence or simply looking for ways to diversify your investment portfolio, you should probably set your sight on the former Florence Regency now. It will be redeveloped by Logan Property after the real estate firm acquired the large private estate (former HUDCs) in late 2017 and it has since been renamed as The Florence Residences.

It is well-positioned at Hougang Avenue 2, a short walking distance away from Hougang MRT and Hougang Central Bus Interchange. With the presence of Hougang Mall, Kangkar Mall and The Midtown readily available in the vicinity, residents will be able to access places such as the 24-hour NTUC supermarket for their daily essential items. In addition to the numerous cafeterias and air-conditioned food court that serves nice local cuisine, there will also be the usual coffeshops in the established community where old buddies could be found hanging out with over cups of coffee.

Transportation wise, it is quite convenient where you can easily reach major stations such as Hougang and Kovan MRT, including a great bus service network option plying the complicated routes in the neighbourhood. From there on, one can easily travel to other parts of the island via the North-east line and one of the largest suburban malls is only 1 and 2 stations away at Serangoon. This stretch of North-east line will also take you to the Dhoby Ghaut area where our Orchard road is.

– It takes a mere 20-min ride to Dhoby Ghaut, Clark Quay and Chinatown for your convenience.

Apart from the city centre, you can also reach our nation beloved Little India community in just 15 mins of ride where the famous (24hrs) Mustafa Shopping Centre is.

The Florence Residences at Hougang Avenue 2 is offering individuals a chance to be a part of their new venture now. There could be some promising returns for an apartment here when it is adjacent to Serangoon Junior College and having an unblocked view towards the landed estates as well as across SJC towards the Kovan precinct.

If you are interested to look into this new property development by the Hongkong listed firm, it will only be available in the next few months and for a term of 99 years tenure. This entire project will be sitting on a large land size of approximately 389,000 square foot, expected to accommodate more than a thousand four hundred units within the boundary.

Given the current market sentiment after the nasty cooling measures announced by the government recently, it will be wise for the developer to hold till 2019 for the launch. Stay tune for more information then!

The Name for Luxury and Wellness Living begins from Kent Ridge Hill

Singapore – In our highly advanced and sophisticated real estate landscape, most potential amateur investors tend to go by the reputation of individual real estate developer when they are out searching for a good bargain asset. Oxley Spinel Private Limited, the local builder that is redeveloping former Vista Park on South Buona Vista Road, is well-known for their most impeccable workmanship by local standard.

Their latest development by the name of Kent Ridge Hill Residences is going to be the next highly anticipated sell-out project, that replicates the same success deriving from the nearby Verandah Residences sales launches recently.

This new development will have the usual 1 and 2-bedroom apartment for purchasers with purely investment intent, luxurious yet spacious 3 and 4-bedroom unit size for the family nucleus. Apart from that, Oxley will also be building the rare townhouses for the extended families on this vast 320,000 square foot land.

Being nicely sited next to the Kent Ridge hillside, the entire residence will have the benefit of facing the pristine greenery of the hill surrounding the boundary. With the thick and dense greenery comes fresh air, sunlight and the wellness living certainly.

With the many years of experience, our local home-grown developer has also kept in mind that most of the potential buyers now will be connoisseurs, who want not only comfort and conveniences but also plenty of visual treatments in their respective homes that they intend to purchase. Going by that, each and every individual unit’s interior were carefully designed with specially chosen fixtures, fittings and the smart devices provided for the new residents.

Being nestled in an already developed community in district 5, there are plenty of amenities around the neighbourhood that will never fall short of. There will also be an in-house playing arena for the kids so that parents would be able to enjoy their evenings and weekends at home. The well-planned walking/jogging tracks and gymnasium will be provided for everyone especially the fitness-conscious homeowners or tenants alike too.

The targeted needs of our pioneer generations and under-privilege residents (if any) have not been neglected as well. There will be many friendly ramps made available within the residence and top-quality lifts will be installed for all the tower buildings to minimize the usage of any stairs that may inconvenience the wheel-chair bound users.

Apart from all the luxury and wellness theme living environment, residents of Kent Ridge Hill Residences will also have an easy access to other parts of Singapore. It is located along South Buona Vista Road and with the Pasir Panjang MRT Station in within reach from the housing development. This is certainly an added value for those who do not drive and require the usage of public transportation daily for work.

What does the Mayfair Collection by Oxley Holdings have to offer?

Singapore – If you are seeking an affordable private condo in a picturesque locality on this little red dot nation, look no further than the latest Mayfair Collection on Rifle Range Road, off Dunearn Road precinct. It is the perfect blend of modern amenities and covered with lush greenery that makes it the best choice in residential segment within the prime region.

The aged and formerly known as Mayfair Gardens was sold en-bloc to Oxley Holding’s subsidiary Citrine Property and at the price of $311 million. Plans for a major makeover project of the development and having the intention of providing luxury dwellings that are still reasonably priced were still etched in their mind. The layout of the luxurious apartment will be spacious and able to capture the hearts of many discerning homebuyers in the area.

Smartly positioned among the prestigious residential address of Bukit Timah, the Mayfair Collection condominium will be snapped up just like the previous KAP Residences across the street (same developer). If you’re an amateur investor and are looking for a very good quality abode for investment, this could be the best opportunity for you to act early. Families with young kids and retirees will also benefit by the clean air environment that surrounds the entire development.

Transportation Needs

The King Albert Park MRT station is within a short walking distance from your residence. From this station, all working adults will have an easy access to all the major commercial zones by travelling on the downtown line. Also, the residential development is not too far away from the Pan-Island Expressway, Bukit Timah Road as well as Clementi Road that brings you far and beyond. For school-going teens, this location will be ideal for a big advantage as they can have a longer rest period. There will also be many bus services that ply their routes along the Dunearn Road and to other parts of Singapore.

Markets and Eateries

Where there is residential populace, there will always be a need for commercial malls, cafes, and leisure zones. The Mayfair Collection development are very conveniently situated near to the Sime Darby Centre, Bukit Timah Plaza, Beauty World Centre and The Grandstand where Giant Hypermarket is, for your weekend groceries shopping. If you’re craving for some local delights, Bukit Timah Market and Food Centre will be able to fill the void for you.

Meeting the Educational Needs of Your Next Generation

The biggest edge of Mayfair Collection project could probably be the lure of some of the best educational institutions in the bukit timah area. It is well known among the local community where the most elite schools are, from any junior level to tertiary standard and Universities before your child progress to the society as an adult. Therefore, act now if you’re searching for a family property in this neighbourhood.

The Joy of living in Queenstown Stirling Residences

Singapore – It is important for all future residents to understand the significance of Queenstown and being proud of their own residential estate. Recognized as Singapore’s first satellite town, this neighborhood is rich in their heritage for many of our firsts, such as the first branch library, Polyclinic and Sports Complex.

Today, you will find numerous residential project constructions lining the main road and commercial development opportunities in and around Queenstown. It has become a much-desired venue for both the seasoned investors and families. You have a large catchment of residents enriching the overall value and power of the district. With so much history within the estate, Stirling Residences will most likely be the next pearl in this neighborhood. It was designed and constructed with a firm sense of style, space and richness of value for the next generation.

Stirling Residences is a stunning residential development that offers a myriad of facilities to everyone in the family. No matter young or old, this private development has something impressive for all age groups, it is located at Stirling road, Queenstown and one of the finest estate for any residential projects.

The land parcel is currently own by Nanshan Group and Logan Property for 99 years from the city state, a 50-50 joint venture effort to make this huge project a success and this pair of builders were well-known for their phenomenal architectural design and plans. So, are you prepared to learn more about this state of the art development?

This brand new exciting project will integrate and feature many smart living systems for the most sophisticated and advanced home purchasers. Building infrastructures will be eco-friendly to the environment on top of the lush green landscaping. Besides the usual facilities such as swimming pools and indoor gym room you can find in other developments, there will be a rare tennis court for the active or amateur tennis players.

Apart from the communal facilities available for all residents, most other amenities around Stirling Residences can be accessed by foot. The immediate ones would be the Mei Ling Market & Food Centre, a two-storey complex with a wet-market on the ground floor, catering to the community by having many of your favourite local delicacies.

Right behind your residence, lies the famous Alexandra road where all the commercial activities are bustling with the daily excitement, from the day to day test driving of Mercedes to the BMWs, the great furniture hunters, factory outlet stores promotion, to the sports apparel & equipment fanatics. You have all the necessary resources within easy reach for an interesting life here.

The talk about convenience in and around Stirling road will be incomplete without mentioning the proximity to Central Business District, Downtown Core, Orchard Road as well as the future Greater Southern Waterfront City when the port terminals relocate.

Such is the beauty of being positioned within a strategic locale and Stirling Residences will certainly be one of the top options going forward. It is also within a very short distance walk to the nearest Queenstown train station operating on the critical east-west line to both current CBD and the second business district in Jurong East.

Although the site is in proximity to many commercial activities, it is being shielded from all noise pollution generated from the surroundings. You’ve to experience the place by yourself or simply visit the showflat for any disbelief!

UOL Amber 45 Developer Ready to Immortalize Singapore with More Property Investments

While Singapore is a popular and in demand destination to live, UOL Amber 45 developer is set to immortalize Singapore with luxury developments around the island. With an ambitious eye for properties around Singapore, these investments on local development by UOL Group Limited is in an effort to slowly revive the way investor buyers are looking at the luxury real estates in Singapore. The long-term goal of the Amber 45 development is to attract Singapore’s luxury property buyers and not only to keep them here locally, but also reel in prospective from other countries in purchasing the beautiful development too.

“Singapore is where the heart of home is,” is the focus of what the developer had envisioned it to be, when the UOL Group began working on the development of Amber 45 condo project. With a focus on developing a new residential development for people to live with all the essential amenities and by having a functional layout in luxurious condo living, they are ready to set the Singapore arena into a higher standard for the premium lifestyle. With the developer’s $156 million-dollar investment into the land parcel alone, the vision was clear that the development of this site is what potential home buyers need to look out for in the Singapore eastern area.

Amber 45 Condo Project

The new Amber 45 Condo project is located at 45 Amber Road, in an amenities haven with all of the benefits and convenience for residents. Strategically located close to public transportation, residents can opt for them if they don’t drive. Within a few minutes’ walk, residents will be able to take either the Tanjong Katong or Marine Parade underground train station for their traveling needs and the project site will also be located in close walking distance to major amenities, facilities and even to the city centre. It is also nestled in a well-received neighbourhood community for both locals and expats alike.

The UOL Group Limited had acquired the former Amber Park land site through an investment purchase from company Sin Lian Huat. The property site will boast around 70,000 square feet and with a total of 139 sizeable luxury units, with 2 to 4-bedroom layouts designed primarily for spacious residential use. The Amber 45 condo project will be a luxurious living at its finest within the highly desirable location at 45 Amber Road. This new condo development will bring a sense of beauty, functionality and convenience to all potential home owners in future.

Who will buy Amber 45?

Amber 45 is made to house the affluent within the Singapore’s high society with its luxurious fittings. It is also for people who love the old-world charm of Singapore but are looking to live in the modern spaces of newer condo developments. The sound structure of the new condo will provide residents a modern and sleek facade. Investors looking to purchase these sophisticated private properties will probably be coming from the surrounding neighbourhood of Amber 45 as well.

It will be release for sale in the month of April 2018, come and arrange for a private viewing if you are interested to find out more on this exciting freehold condo at Amber Road, Katong precinct. We will walk you through on this entire Amber 45 project before anything else.

Park Colonial Condo at Woodleigh Lane

Park Colonial Condo at Woodleigh Lane

This new condominium located at Woodleigh lane will have one to five-bedroom unit layout configuration. The entire block will have a few different facings where the front faces the Woodleigh mrt station and the back faces the Woodleigh park where the low-rise landed property is situated.

Residents occupying the higher floors will be able to enjoy the unobstructed view in the immediate surroundings such as the greenery park across the street. The draft site plan of the park colonial condo features a full suite of smart facilities for all the residing residents. It includes the likes of swimming pool, kids pool, jacuzzi, club house, function room, grill pits, outdoor gym as well as thematic gardens.

It provides an awesome way of life for all the residents, even when the development lies in the centre of bidadari new town and being right next to Woodleigh mrt station. We are certain that future owners will be able to appreciate the unblocked scenic views from both neighbouring landed properties and the heritage walk which is across the street.

Should you feel lazy to travel and would like to have a gathering with your friends, this park colonial condo will have you covered with all the ready facilities for your evening party.

Park Colonial by CEL Development Unique

One of the most talk about site recently will soon be making way for this condo construction at Woodleigh lane. It was sold to CEL Development Unique and will be developed by Chip Eng Seng, Heeton Holdings and KSH Holdings. Park colonial will certainly be the gem within the new bidadari new town when it is strategically located right beside the highly sought-after Woodleigh underground railway station.

Due to the extremely attractive location the site offers, it greatly benefits the residents of park colonial when the major transport network is situated right at your doorstep. Providing you with a seamless and worry-free transition to and from work during the morning as evening rush hour.

By being a part of the growing bidadari new town, park colonial is within toa payoh planning area. A central region often touted as the next bishan place. You would be surprised and amazed by the exponential potential this place has when the journey unfolds alongside you as you age gracefully.

Schools around Park Colonial

Not to worry if you think there will be a shortage of schools in this new growing town as there are top schools located within the vicinity such as Stamford American Intl School, Cedar Primary, Cedar Girls’ Secondary, St. Andrew’s Junior, St. Andrew’s Secondary, St. Andrew’s Junior College, Maris Stella High School (Primary & Secondary) for you to cherry pick when the time for enrolment registration comes.

Margaret Ville Condo Singapore

Margaret Ville Condo is a ninety-nine-year leasehold property along Margaret Drive, Queenstown Singapore. Adjacent only to the main arterial road Commonwealth Avenue and it is only a very short distance away to both Queenstown and Commonwealth MRT Train Station by foot.

Internationally acclaimed property firm MCL Land Ltd will be releasing the sale of this condo, housing almost 300 units of apartment consisting of between one to four-bedroom type. It is well positioned to be within the Queenstown planning area by the Urban Redevelopment Authority, as well-known landmarks / developments such as Queens, Queens Peak, Commonwealth Towers, Ascentia Sky, Artra and One North is around the immediate neighbourhood.

Amenities around the area

Your ultimate retail therapy, dining and entertainment options will also be within easy grasps as a resident of Margaret Ville Condo along Margaret Drive. All thanks to the high connectivity in the vicinity, occupiers will be able to access the nearby commercial node such as the latest Alexandra Central, Anchorpoint, Queensway Shopping Centre as well as IKEA Alexandra for a homely and comfortable evening walk.

The whole development along Margaret drive will be able to attract a wide audience, including small-time investors with the shoe box units offered within the condominium. Apart from the usual family size of between four to five-bedroom configurations. However, all the latest project insights including the official indicative price guide will have to be subject to the relevant authority’s approval before it can be release to the general public for better digestion.

Should you have been wondering if it’s a liveable environment for the future residents, there are many different facilities and amenities that can be found within the private enclave of Queenstown. It includes the several eating houses, back to basics retail shop, public library, community centres, recreational parks and academic institutions for your school going children. It is by all means a self-sufficient district 3 area.

Backed by a world-class transportation network, a highly effective team of specialists working round the clock for the stations, travelling to other parts of the island will be more bearable as compared to other cities around the world. Due to high connectivity being linked up, Queenstown is also highly favoured and home to many international and local organizations in the business hubs and around the commercial estates.

Showroom Viewing

With the release date of the Margaret Ville condo getting closer around the corner, you will be able to discuss this over the get-together during Chinese New Year. You can choose to tag this purchase with your friends for a mid-term investment purposes or choose to heed the advice of the “wise” probably.

In any case, the newly built showroom of this development will be expected to hold many people during the first two weekends. Therefore, it would be wise to arrange an appointment with your property agent on a weekday even if it means after work timing for a more comfortable viewing and to having a better understanding of the whole development during the “quieter moment”.

Don’t you agree with me on this? Start planning your time now!

THE OPUS BY CITY DEVELOPMENTS LIMITED

The Opus – Singapore Condo

The Opus Singapore is the newest condo located at Amber Gardens, along Amber Road. This new condo development belongs to City Developments Limited and Hong Leong Group. It is styled and built in shape to the different household specifications. Sitting on more than 200,000sqft of land size, it will be an eye-catching building structure along amber vicinity. Amber road is a well-known region in the east and in close-proximity to many amenities including the east coast park!

The floor plan on the opus condo reflects the flexibility

Developer will be providing a wide range of layout configurations between one to five-bedroom unit types including penthouse across the four majestic towers. Almost all the units will command a premium, due to the near perfect orientation of the development in allowing almost all residents to have a beautiful and panoramic view of the big blue sea towards the east coast beach.

It will be standing on a 25-storey high building that they have already planned for (before they entered the winning bid with Hong Leong Group) based on the existing plot ratio that cannot be changed by anyone so easily as it is under the purview of the Urban Redevelopment Authority (URA).

CDL and Hong Realty (Private Investment Arm of Hong Leong Group) will also be engaging a top architect firm from Singapore to work with on this new condo development in Amber Gardens.  Formerly Amber Park, and coincidentally, City Developments was the first developer in building Amber Park in 1986. They were so happy right after winning the hotly contested tender as they are finally reunited with Amber Park and to be able to rebuild another top-quality work again on the very same plot of land since more than 30 years ago.

So, if you are planning to purchase The Opus Condo Singapore, it is a no-brainer as both developers will treat this as a baby of their own. They are also well known for building top quality homes around the region based on previous impressive track records. Not only that, each and every unit that they painstakingly build does not come with a premium price tag. Unlike other developers if given a chance as the land parcel of the opus is really in a spectacular fashion way.

Not Driving Within Prime District?

No worries if you are not driving any vehicle and are only relying on our transport network in commuting to and from work every day. Because the new Tanjong Katong Mrt (Thomson East Coast Line) station is only a stone’s throw distance, approximately less than 200 meters away. How near is that? And given the fact that it is plying underground, you will be freed from all the noise pollution as compared to an above the ground station somewhere else.

By having such a convenient location, it scores highly on the To-Buy chart list. Apart from the transporting issue, you will be equally glad to learn that Katong is also home to many eateries and shopping malls such as Parkway Parade and I12 Shopping Mall.

Lastly, as a parent of young children, there won’t be a shortage of premium schools around as some of the best academic institutions is in your neighbourhood.

Foreign Buyers Returning For Residential Properties

FOREIGN BUYERS RETURNING?

Singapore – Foreign demand is likely to flow back to the Singapore private housing property scene in this blockbuster year 2018 and beyond, Bank of Singapore (a Singapore-based private banking arm of OCBC) maintains. It is backed by the prospects of a recent price point recovery and better rental atmosphere in the local market, along with the fact that private housing premiums have fallen to an almost dessert spot after 4 whole years of declining. Therefore, our local marketplace appears to be of a more affordable prized asset in comparison to other metropolitan cities.

According to Mr Lee in a written statement on last Friday, that the current bull rage reflecting in the market has so far been largely driven by domestic purchasers. But savvy international investors will soon return and push the upside into higher gear, especially in our new residential development segment. Based on figures from URA, there have been no more than 1,600 deals by foreign friends in 2017, significantly lesser than the 2,200 on average each year, and the high average of 3,600 each year during the previous bullish market from 2010 to 2013.

Most of them were probably kept a distance by the additional buyer stamp duty for foreigners, only a mere 5.6% deals in 2017 were made by the foreign community. A drastic drop from the 8.7% in an 18-year average. The Singapore property market has since bottomed out after falling by 12% from the peak seen in 2013. Simultaneously, domestic income has improved together with an increase of positiveness in the overall market sentiment.

This is opposed to other major cities such as Hong Kong, London, San Francisco, Sydney and Tokyo, where asset affordability has appeared to worsen over the same period. Hence, Singapore real estate will be more appealing with the possible potential upsides.

Pertaining to the leasing environment, it will recover progressively from now due to a sharp drop of new project launches in recent years as they usually require 3 to 4 years to construct. Leasing rates began falling due to the oversupply since 2013 and exceeded the household formation, resulting in the increase of vacancy but due to the declining new projects seen in the past few years, the number of dwellings will go below the projected figures gauge by the state. Thus, vacancy rate will drop and a rebound in leasing will kick in.

Morgan Stanley, along with other analysts have suggested our local prices to rally by up to 10% this year while being lifted by a recovery in leasing market. It has already been seen in the existing en-bloc scene from 2017, with developers going all out in snapping lands before the price increases going forward.

Due to the onslaught by global environment and the government measures everywhere, demand and prices have fallen to the extent of only a 62% premium over mass market in the high-end residential segment, a 10-year low. It will begin to be the centre of attraction when foreign interest come flowing in the coming months ahead.

At the same time while writing, City Developments (CDL) have reportedly sold 18 luxurious units from New Futura, out of the 25 release units on its first day of private sale over the weekend, with less than a-third of them from local home buyers and most of the high-net-worth individual buyers came from the wealthy Chinese and Indonesians.

With such an increase on the foreign versus local buying ratio as seen, following up new condo developments in the same prime orchard vicinity such as 3 Cuscaden along Cuscaden walk will be in the spotlight. It is a very well positioned private residential projects situated diagonally across Wheelock Place and will certainly be of interest to a wide audience when it is release for sale in the next few months.

Apart from this development, there is another strong contender where they are almost completely built and ready for move-in condition. 8 Saint Thomas, they too are located within the same orchard neighbourhood, sitting along River Valley.

If you’ve been house hunting in the orchard area, these few condo developments will be the next up and coming beautiful sites to look out for.

Developers replenishing land banks

amber park sold en bloc

Developers replenishing land banks after pent-up demand in en-bloc transaction

Approximately 2,700 private residence have been sold in 2017 via en bloc deals to date (6 Nov).

It was only around 600 dwellings in 2016 and attributed by builders replenishing their land banks due to the extremely successful real estate sales the year before.

Previous State housing project Normanton Park was sold for $830.1 million in October 2017, the best showing land rate for a collective sale site based on 99 years leasehold. Freehold Amber Park residence was sold for $906.7 million, setting a record for Singapore’s largest collective sale in monetary values while a former HUDC property, Tampines Court fetches the biggest deal in August for $970 million.

Promising sales increase of new launches by developers have brought the total unsold supply to about 17,200 units as of today, down from the previous 40,000 unsold supplies in 2012.

Many of the owner’s main motivation in initiating en bloc sales to monetise their ageing residential assets were due to the strong sales seen in 2016 and early 2017. However, will the current en bloc fever be sustainable? Higher than valuation bids coming from developers will not necessary mean higher prices down the journey because they have to sell their housing units within 5 years from awarding of each particular land site, therefore pricing them reasonably for future buyers will definitely lift some pressure off them and not forgetting, they are subject to ABSD (Additional Buyer’s Stamp Duty) too!

Will there be a need to increase the land sales in meeting all developers demand?

The State will continue to monitor the overall developments closely since all en bloc sale sites sold since 2016 will eventually be redeveloped and made available in the market for the next few years.

Quantum of Government Land Sales (GLS Programme) will also be decided by other factors such as the population growth and market conditions going forward in-order to maintain a well-balanced property market.

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