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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
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 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.
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 – 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?
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 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.
Purchasing a rental house can be an extremely lucrative speculation strategy. The land isn’t a get rich quick plan, it’s very risky and has a lot of work to do. Things don’t generally work out at last. In spite of the fact that it is possible to make a profit in the land, there’s a more to it than acquiring the initial good house you see. Keep in mind, TV demonstrates about flipping houses and putting resources into real estate proves the reality that’s far from what truly can happen in real life. In case you’re keen on owning a rental property, make a point to consider these factors first.
A quality area will guarantee less opening, better rental rates, and a higher caliber of an occupant. You need your home involved and tended to, and leases paid on time. The area can have the majority of the effect on the earth to this end. Consider these factors,
- Is this home in a decent, alluring school area?
- Is the crime rate here low or high?
- Are facilities convenient? Parks, shopping, travel, strolling/biking trails, schools, organizations, and so forth.
- What are other investment properties in the zone leasing for? Is the territory dominatingly rental or proprietor possessed?
- Have property estimations expanded, remained the same, or diminished over the previous year? In the course of recent years?
- This purchasing of a property is an investment. That implies you need to consider the salary potential, the presumable costs, and the estimation of the initial purchase. These factors combine to decide whether a property will influence a benefit or transform into a money tree.
- You’re not purchasing this investment property to flip or speculate on rising costs. You’re purchasing it because an occupant will pay hard cash for the privilege to live in this house. Income is considered the king in these dealings.
Rental houses usually require more sustenance than your typical owner-occupied home. Much the same as the home you live in, every once in a while there are bigger costs that must be managed. Rooftops, in the end, should be replaced. Ventilation systems break. Styles and inhabitant inclinations change after some time. For your potential speculation, ensure you comprehend the probabilities of these occasions happening before you purchase.
Much the same as some other venture, you would prefer not to overpay for the advantage you’re purchasing. It’s valid for stocks, and it’s unquestionably valid for land. Discussions with nearby land specialists and appraisers can help you with the truly difficult work, yet by the day’s end, it is your choice in the matter of whether a property is justified regardless of the asking cost.
When purchasing or offering land, you may think that it is helpful to have a land operator to assist you. Land operators can give numerous valuable administrations and work with you in various ways. In some land exchanges, the operators work for the merchant. In others, the dealer and purchaser may each have specialists. In some cases, the same operator works for both the purchaser and the seller.
If you are offering land, you might need to “list” your property available to be purchased with a land firm. Assuming this is the case, you will Sign a “posting understanding” approving the firm and its operators to speak to you in your dealings with purchasers as your dealer’s agent. You may likewise be requested to permit specialists from other firms to help discover a purchaser for your property. Make sure to peruse and comprehend the posting understanding before you sign it. Your specialist must give you a duplicate of the agreement contract after you sign it.
Obligations to Buyer: If the land firm and its specialists speak to you, they should
- Promote your best advantages
- Be faithful to you
- Take after your legal directions.
- Give you all of the material actualities that could impact your choices
- Utilize sensible aptitude, care, and ingenuity, and represent all monies they handle for you. When you have concurred (either orally or in composing) for the firm and its specialists to be your purchaser’s operator, they may not give any secret data about you to merchants or their specialists without your consent as long as they represent you.
Choosing the agent:
A skilled agent can help clear up the exchange offs in picking one home or neighborhood over another. It is safe to say that you will acknowledge a more extended drive to get more space? It is safe to say that you are searching for vicinity to great schools, shops, and stops, which will normally cost more? Is it true that you will bring on a property agent with a guarantee that necessities work? An accomplished agent can enable you to choose if the cash you’d spend on a redesign will pay off in resale esteem.
You can sometimes save cash by getting an agent to acknowledge a lower commission. In any case, realize that great agents gain their expenses by helping customers maintain a strategic distance from entanglements and make more intelligent arrangements. They can streamline the entire procedure of discovering, purchasing, and offer property. Purchasing a house is a standout amongst essential speculations we make.
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