A Treasure Trove of Heritage: The Emerald of Katong

As you step into the vibrant heart of Tanjong Katong, you’ll discover a haven of modern luxury that whispers secrets of the past. Welcome to Emerald of Katong, a residential masterpiece that harmoniously blends contemporary sophistication with the rich cultural heritage of its surroundings. Imagine waking up to a world where history meets innovation, where every moment is a testament to refined living. In this exclusive sanctuary, you’ll find yourself enveloped in a world of elegance, where every detail has been meticulously crafted to elevate your lifestyle to unprecedented heights.

A Rich Heritage in Modern Luxury

For those who crave the perfect blend of heritage and modernity, Emerald of Katong is the epitome of luxurious living. This stunning condominium complex seamlessly weaves together the rich cultural tapestry of Katong with the finest amenities and innovative design, creating a truly unique and unparalleled living experience.

Innovative Design and Luxurious Amenities

Modern sophistication meets timeless elegance in the meticulously crafted residential units at Emerald of Katong. With 846 exquisitely designed apartments to choose from, you’ll find the perfect blend of comfort, style, and functionality to suit your lifestyle. From the sleek, contemporary architecture to the lavish amenities, every aspect of this development has been carefully considered to provide you with a luxurious living experience that exceeds your expectations. Imagine spending your days lounging by the pool, working out at the state-of-the-art gym, or hosting gatherings in the elegant function rooms. Whatever your pleasure, Emerald of Katong’s luxurious amenities have been thoughtfully designed to enhance your quality of life and provide endless opportunities for relaxation and entertainment.

Superior Accessibility and Convenience

Luxurious living is not just about opulent amenities; it’s also about convenience and accessibility. At Emerald of Katong, you’ll enjoy effortless travel to major city attractions, thanks to its proximity to public transportation networks. Just minutes from Tanjong Katong MRT Station and Tanjong Katong Bus Stop, you’ll be able to navigate the city with ease, whether for work or pleasure. Superior connectivity is just the beginning. With the Thomson-East Coast Line nearby, you’ll have even greater mobility and flexibility, making Emerald of Katong the perfect choice for urban dwellers who crave a convenient, on-the-go lifestyle. Whether you’re a busy professional or a family on-the-move, you’ll appreciate the ease and convenience that this development offers.

Residences of Distinction

Now, imagine yourself surrounded by the perfect blend of modern luxury and rich heritage, where every aspect of your life is elevated to new heights. Welcome to Emerald of Katong, where you’ll discover a treasure trove of residences that cater to your every need and desire.

Exquisitely Designed Units for Modern Families

The lavish abodes at Emerald of Katong are designed to impress, with 846 exquisite units spread across six majestic towers. From intimate 1-bedroom + study apartments to spacious 5-bedroom residences, each unit is crafted to provide maximum comfort and style, ensuring that you and your loved ones live life to the fullest.

Whether you’re a young professional, a growing family, or an empty nester, you’ll find a residence that perfectly suits your lifestyle at Emerald of Katong. With thoughtful layouts and premium finishes, every unit is a testament to the developer’s commitment to providing exceptional living spaces that exceed your expectations.

Catering to Diversified Needs and Lifestyles

Modern living is all about flexibility and convenience, and Emerald of Katong delivers on both fronts. With a diverse range of unit types and sizes, you’ll find a residence that caters to your unique needs and preferences, whether you’re a busy professional, a family with young children, or a retiree looking to downsize.

Modern urban living is not just about having a roof over your head; it’s about living life to the fullest. At Emerald of Katong, you’ll find a vibrant community that thrives on diversity, where you can connect with like-minded individuals and create lasting memories.

Needs are diverse, and so are the residences at Emerald of Katong. From young couples starting their new life together to multi-generational families, every unit is designed to accommodate your unique requirements, ensuring that you live life on your own terms.

Unparalleled Location and Connectivity

Little wonder that Emerald of Katong has emerged as the most sought-after residential destination in District 15, given its unparalleled location and connectivity. Nestled in the heart of vibrant Tanjong Katong, this luxurious condominium offers you the perfect blend of modern living and rich heritage, making it an irresistible choice for discerning homebuyers like you.

Close Proximity to Public Transportation Networks

Closely linked to the city’s main transportation arteries, Emerald of Katong ensures that you’re always just a stone’s throw away from your desired destination. With Tanjong Katong MRT Station and Tanjong Katong Bus Stop mere minutes away, you can effortlessly travel between various areas of the island for work or pleasure. What’s more, the Thomson-East Coast Line provides you with even greater mobility, making this condominium a convenient place to live on-the-go.

Imagine being able to zip around the city with ease, without having to worry about the hassles of traffic congestion or parking woes. At Emerald of Katong, you’ll enjoy seamless connectivity to the rest of Singapore, making it the perfect choice for busy professionals and families alike.

Easy Access to City Attractions and Recreational Facilities

Any day can be a holiday when you live at Emerald of Katong, thanks to its easy access to a plethora of city attractions and recreational facilities. From the iconic Katong Shopping Centre and I12 Katong to sprawling Parkway Parade, you’ll find endless opportunities for retail therapy and dining delights right at your doorstep.

It’s not just about shopping and dining, though. Emerald of Katong also offers you easy access to a range of recreational facilities that cater to all ages and interests. Imagine being able to explore East Coast Park, cycle along Katong Park Connector, or simply stroll through the heritage-rich Katong Joo Chiat area, all within minutes of your luxurious condominium.

It’s this unique blend of convenience, luxury, and recreational opportunities that makes Emerald of Katong truly stand out as a residential gem in District 15. Whether you’re an avid homeowner looking for your ideal residence or an investor searching for lucrative opportunities, this condominium promises to deliver an unrivalled lifestyle experience that will leave you feeling pampered and indulged.

Elevating the Residential Experience

After immersing yourself in the rich heritage of Katong, you’ll find that Emerald of Katong takes your living experience to new heights. This luxurious condominium offers an unparalleled level of comfort, sophistication, and convenience, making it the perfect haven for discerning individuals like yourself.

Exceptional Range of Amenities for Quality Living

The epitome of luxury living, Emerald of Katong boasts an impressive array of amenities designed to enhance your quality of life. From lounging by the poolside to working out at the state-of-the-art gym, or hosting gatherings in the elegant function rooms, you’ll find that every aspect of your life is catered to. Whether you’re looking to relax, socialize, or stay active, the amenities at Emerald of Katong have got you covered.

Imagine starting your day with a refreshing swim, followed by a rejuvenating workout, and then unwinding with friends and family over a sumptuous dinner party. At Emerald of Katong, the possibilities are endless, and the memories are waiting to be made.

Thoughtfully Planned Luxurious Features

Residential luxury is redefined at Emerald of Katong, where every detail has been meticulously planned to provide you with an unparalleled living experience. From the moment you step into your opulent abode, you’ll be surrounded by luxurious features that exude sophistication and elegance.

With premium finishes, sleek designs, and cutting-edge technology, your home at Emerald of Katong is a true masterpiece. Each residence is carefully crafted to provide maximum comfort, style, and functionality, ensuring that you live life to the fullest.

To truly appreciate the luxurious features of Emerald of Katong, imagine waking up to breathtaking views of the city, stepping into your spacious bedroom, and being enveloped by the warmth and comfort of your own private sanctuary. It’s a feeling like no other, and one that awaits you at Emerald of Katong.

Summing up

Drawing together the threads of luxury, heritage, and convenience, Emerald of Katong presents a treasure trove of experiences tailored to your unique lifestyle. As you step into this oasis of modern living, you’ll discover a world where the past and present blend seamlessly, offering you an unparalleled quality of life.

With its prime location, innovative design, and luxurious amenities, Emerald of Katong is the epitome of sophisticated urban living. Whether you’re a discerning homeowner or a savvy investor, this gem in District 15 promises to exceed your expectations, providing you with a lifestyle that’s truly fit for royalty. So why wait? Visit the Emerald of Katong showflat today and discover the treasure that awaits you.

For sub-sale in Singapore market, you can consider Penrose too, which is going to TOP soon.

Comparing Suburban and Urban Real Estate in Singapore

From bustling city life to quiet suburban serenity, explore the diverse real estate options in the unique landscape of Singapore.

White and Red Train Near Brown Concrete BuildingImage courtesy of Kai Pilger via Pexels

Welcome to our latest Market Spotlight blog post, where we dive into the world of real estate in Singapore to analyze the differences between suburban and urban areas. Whether you are a first-time homebuyer, a seasoned investor, or simply curious about the housing market trends in Singapore, understanding the nuances between suburban and urban real estate can help you make informed decisions.

Suburban Real Estate in Singapore

When we talk about suburban areas in Singapore, we are referring to the residential neighborhoods outside the bustling city center, such as Penrose at Sims Drive. Living in the suburbs offers a different lifestyle compared to urban areas, with a focus on spacious housing options and a quieter environment. One of the key advantages of suburban living is the lower cost of living, making it an attractive option for families and individuals looking to stretch their budget.

Up-and-coming suburban neighborhoods in Singapore, such as Punggol and Sengkang, are worth keeping an eye on for prospective homebuyers and investors. These areas are experiencing rapid development, with new amenities, schools, and transportation options being added to enhance the quality of life for residents.

However, it’s essential to note that there are challenges associated with suburban living, including limited access to public transportation and a lack of entertainment and dining options. As Singapore continues to grow and urbanize, suburban areas are also facing pressure to adapt and provide a more interconnected and vibrant community for its residents.

Urban Real Estate in Singapore

On the other hand, urban areas in Singapore offer a dynamic and vibrant living experience, with easy access to amenities, cultural attractions, and a bustling city atmosphere. Living in the heart of the city comes with a higher cost of living, but many residents are willing to pay the premium for the convenience and excitement that urban living provides.

Popular urban neighborhoods in Singapore, such as Orchard Road, Marina Bay, and Bugis, are hotspots for real estate investment due to their prime location and high demand. These areas offer a diverse range of housing options, from luxury condominiums to heritage shophouses, catering to different lifestyle preferences.

Despite the appeal of urban living, there are downsides to consider, such as limited space, higher noise levels, and heavier traffic congestion. As more people flock to urban areas for work and leisure, the challenge for city planners is to strike a balance between development and quality of life for residents.

Comparing the suburban and urban real estate markets in Singapore reveals interesting trends and insights for investors and homebuyers. Currently, suburban areas are seeing steady growth in housing prices and demand, driven by factors such as affordability and lifestyle preferences.

On the other hand, urban areas continue to command premium prices, with high demand for prime properties in sought-after neighborhoods. The urban real estate market in Singapore is influenced by factors such as foreign investment, tourism, and infrastructure development, shaping the landscape and driving market trends.

Looking ahead, projections for the future of suburban and urban real estate in Singapore are optimistic, with continued growth and opportunities for investors and homebuyers. Government policies, economic conditions, and demographic shifts will play a crucial role in shaping the real estate market landscape in Singapore in the years to come.

Conclusion

In conclusion, the comparison between suburban and urban real estate in Singapore offers valuable insights for anyone interested in the housing market. Whether you prefer the tranquility of suburban living or the vibrancy of urban life, there are plenty of options to explore in Singapore’s diverse real estate landscape.

For investors and homebuyers, staying informed and seeking professional advice before making real estate decisions is key to navigating the market effectively. By understanding the trends, challenges, and opportunities in suburban and urban areas, you can make informed choices that suit your lifestyle and financial goals.

Home is where the heart is, and whether you choose to settle down in the suburbs or embrace the urban hustle and bustle, Singapore offers a range of options for you to find your perfect home sweet home.

Creating Inclusive Housing for All in Singapore

Discover how Singapore is tearing down barriers and creating a more inclusive housing landscape for everyone in the city-state.

Key with trinket in shabby doorImage courtesy of Andrea Piacquadio via Pexels

Hey there, friends! Today, we’re diving into the wonderful world of inclusive housing in Singapore. Have you ever thought about what it truly means for a home to be accessible to all individuals, regardless of their physical abilities? Let’s explore this important topic together!

Understanding the Needs of Individuals with Disabilities

Did you know that nearly more than 13% who is above 50 years old in Singapore have a disability? That’s a significant portion of our population that may face challenges when it comes to accessing everyday spaces, including their own homes. From navigating narrow doorways to coping with uneven flooring, individuals with disabilities often encounter obstacles that can make living independently a daunting task.

Imagine trying to move around your home in a wheelchair or struggling to reach high shelves due to limited mobility. These are just some of the daily hurdles that individuals with disabilities may face, highlighting the importance of creating inclusive housing solutions that cater to diverse needs.

Legislation and Policies Supporting Inclusive Housing in Singapore

It’s heartening to know that Singapore has taken proactive steps to promote inclusive housing through various legislation and policies. From the Building Control Act to the Housing Development Act, these regulations set forth guidelines and standards for ensuring that housing developments prioritize accessibility for all residents. Penrose Singapore is one such development to adhere to the guidelines.

Government agencies such as the Building and Construction Authority (BCA) and the Housing and Development Board (HDB) play crucial roles in enforcing these regulations and providing oversight to ensure that inclusive design practices are upheld. Through collaborative efforts between policymakers, developers, and community advocates, Singapore continues to make strides in creating a more inclusive and welcoming living environment for everyone.

Strategies for Creating Accessible Living Spaces

So, how can we turn the vision of inclusive housing into a reality? Here are some practical strategies that can help guide the design and development of accessible living spaces:

– Prioritize features such as wide doorways, grab bars, and non-slip flooring to enhance accessibility within the home.

– Embrace assistive technology and smart home solutions to empower individuals with disabilities to live more independently.

– Collaborate with disability advocates and community organizations to gather insights and feedback on inclusive design practices.

By incorporating these strategies into housing projects, we can create environments that not only meet the needs of individuals with disabilities but also promote a sense of inclusivity and empowerment for all residents.

Conclusion

As we wrap up our exploration of inclusive housing in Singapore, let’s reflect on the impact that accessible living spaces can have on our community as a whole. By breaking down barriers and embracing universal design principles, we can pave the way for a more inclusive and equitable society where everyone feels welcomed and valued.

So, whether you’re a homeowner, developer, or concerned citizen, let’s join hands in advocating for inclusive housing solutions that cater to the diverse needs of our community. Together, we can create a more inclusive and accessible future for all in Singapore!

 

Singapore Dream Homes: Insider Tips for First-Time Buyers

Uncover the secrets to finding your dream home in Singapore with these expert insider tips for first-time buyers.

Shallow Focus Photography of KeychainsImage courtesy of THIS IS ZUN via Pexels

 

Hey there, first-time homebuyer! Are you ready to turn your dream of owning a home in Singapore into a reality? The journey to homeownership can be both exciting and overwhelming, but fear not! With some insider tips and a little guidance, you can navigate the housing market with confidence. Let’s dive into some key strategies to help you find the perfect home in the Lion City.

Understanding Your Budget

Before diving into the world of homebuying, it’s crucial to have a clear understanding of your budget. Sit down and carefully assess your finances to determine how much you can comfortably afford to spend on a home. Consider not only the price of the property but also additional costs like stamp duty, legal fees, and maintenance expenses.

Researching Neighborhoods

One of the most exciting parts of the homebuying process is exploring different neighborhoods in Singapore to find the perfect fit for your lifestyle. Each area has its unique charm, amenities, and characteristics, so it’s essential to do your research. Consider factors like proximity to work, schools, public transportation, and recreational facilities when selecting a neighborhood. If you are looking for property that is within 1km to Henry Park Primary School, Pinetree Hill is one of the new development that you can consider.

Working with a Real Estate Agent

Navigating the Singapore housing market can be daunting, especially for first-time buyers. That’s where a real estate agent comes in handy! Working with a knowledgeable agent can help streamline the process, provide valuable insights, and negotiate with sellers on your behalf. Look for an agent with experience in the Singapore housing market and don’t hesitate to ask for referrals.

Understanding Property Types

Singapore offers a diverse range of property types, from HDB flats to luxurious landed houses. Understanding the differences between these properties is key to making an informed decision. Consider factors like leasehold versus freehold, maintenance fees, amenities, and resale potential when evaluating property types. Consult with your real estate agent to gain a deeper understanding of the pros and cons of each option.

Conducting Due Diligence

Before making an offer on a property, it’s essential to conduct thorough due diligence. Make sure to inspect the property for any defects or issues, such as structural problems or leaks. Review the strata title, building amenities, and maintenance records to ensure there are no hidden surprises. Taking the time to be diligent now can save you headaches in the long run.

Conclusion

Congratulations, future homeowner! By following these insider tips and strategies, you’re well on your way to finding your dream home in Singapore. Remember to take your time, do your research, and seek guidance from real estate experts along the way. With a little patience and some expert advice, you’ll soon be unlocking the door to your very own slice of Singaporean paradise.

 

Singaporean Home Makeover Madness: DIY Trends Taking Over

 

Uncover the latest DIY trends in Singaporean home makeovers, from minimalist chic to bold and bright transformations. Are you ready?

Person Holding PaintbrushImage courtesy of Pixabay via Pexels

Welcome to the revolution of home makeovers in Singapore! DIY trends are taking over and transforming homes across the country. From sustainable renovations to minimalist makeovers, there are endless possibilities to personalize and improve your living space. Let’s explore the DIY trends currently making waves in Singaporean homes.

Sustainable Renovations

Living sustainably is not just a trend, it’s a lifestyle. More and more Singaporean homeowners are incorporating eco-friendly practices into their renovations. From using recycled materials to installing energy-efficient appliances, sustainable renovations are all the rage. If you’re looking to go green with your DIY projects, consider repurposing old furniture, opting for non-toxic paint, and implementing smart home technology to save energy and reduce your carbon footprint.

Minimalist Makeovers

Simplicity is key in the world of design, and minimalist makeovers are all about decluttering and simplifying spaces. Embracing a minimalist aesthetic can make your home feel more spacious and organized. DIY projects such as reorganizing your closet, painting walls in neutral tones, and incorporating multifunctional furniture can help you achieve a minimalist look without breaking the bank. Remember, less is more when it comes to minimalist design!

Vintage Vibes

Who doesn’t love a touch of vintage charm in their home? Vintage vibes are making a comeback in Singaporean homes, with DIY enthusiasts upcycling and restoring old furniture and decor. Whether you’re into mid-century modern or shabby chic, there are endless possibilities to bring vintage elements into your space. Consider painting and distressing furniture, adding antique touches, and incorporating retro-inspired accents to give your home a unique and timeless appeal.

Smart Spaces

In a world where technology reigns supreme, creating smart spaces in your home is essential. DIY projects that focus on maximizing space and incorporating smart home technology are becoming increasingly popular in Singapore. From installing floating shelves to creating DIY home automation systems, there are endless ways to make your home smarter and more efficient. Embrace the future of home design by transforming your space into a multifunctional and tech-savvy environment.

Conclusion

In conclusion, the DIY trends taking over Singaporean homes offer endless possibilities for personalization and improvement. Whether you’re into sustainable living, minimalist design, vintage charm, or smart technology, there’s a DIY project out there for you. Embrace the renovation revolution and transform your home into a space that reflects your unique style and personality. if you are not keen to DIY your home, you can check out our Pinetree Hill pricing to see if it is suitable for your budget. Fittings will be done up by the developer upon key collection. Happy DIY-ing!

 

Urban Makeover: Breathing New Life into Old Neighborhoods

Discover how Singapore’s urban transformation breathes new life into historic neighborhoods, blending old charm with modern amenities and sustainability.

Beautiful young woman standing near old building and looking at cameraImage courtesy of Andrea Piacquadio via Pexels

Hey there, urban explorers! Today, I want to take you on a journey through the vibrant streets of Singapore as we delve into the fascinating world of urban renewal. In a city where modern skyscrapers dominate the skyline, it’s easy to overlook the aging neighborhoods that are tucked away behind the gleaming facades. But these old districts hold a treasure trove of history and culture, just waiting to be revitalized and brought back to life.

The Need for Urban Renewal in Singapore

As Singapore continues to grow and evolve, it’s crucial to address the challenges faced by aging neighborhoods. Neglect and disinvestment can lead to deteriorating infrastructure, declining property values, and a sense of disconnect within the community. By revitalizing these areas, we not only preserve the heritage and character of Singapore but also create more livable, sustainable, and inclusive spaces for residents.

Case Study: Tiong Bahru

One shining example of successful urban renewal in Singapore is the transformation of Tiong Bahru, one of the city-state’s oldest housing estates. Unlike Pinetree Hill, what was once a sleepy neighborhood with faded shophouses and forgotten alleyways has now blossomed into a thriving hub of art, culture, and culinary delights. The revitalization of Tiong Bahru has not only rejuvenated the physical landscape but has also brought new energy and vitality to the community.

Government Initiatives and Policies

The Singaporean government has played a crucial role in driving urban renewal efforts across the city. Through a combination of strategic planning, regulations, and incentives, policymakers have been able to catalyze private sector investments and community partnerships to breathe new life into aging neighborhoods such as the estate where Penrose is residing. By fostering collaborations between different stakeholders, the government has been able to create a more holistic and sustainable approach to urban renewal.

Importance of Community Engagement

One of the key ingredients for successful urban renewal is community engagement. When residents are actively involved in the revitalization process, they not only feel a sense of ownership and pride in their neighborhood but also contribute valuable insights and ideas that can shape the transformation. By fostering a sense of belonging and collaboration, communities in Singapore have been able to create more vibrant and inclusive spaces that reflect the unique character of each neighborhood.

Future of Urban Renewal in Singapore

Looking ahead, the future of urban renewal in Singapore is bright with opportunities for growth and innovation. As the city continues to evolve, there will be new challenges to face and new opportunities to explore. By embracing sustainable practices, fostering community partnerships, and promoting inclusive development, Singapore can continue to breathe new life into its aging neighborhoods and create a more vibrant and dynamic urban landscape for generations to come.

Image result for Singapore's Urban Makeover: Breathing New Life into Old Neighborhoods infographicsImage courtesy of issuu.com via Google Images

Conclusion

So, next time you find yourself wandering the bustling streets of Singapore, take a moment to look beyond the shiny skyscrapers and explore the hidden gems of the city’s aging neighborhoods. Through the power of urban renewal, we can preserve the past, embrace the present, and build a brighter future for all who call Singapore home. Together, let’s embark on this journey of transformation and create a city that truly reflects the spirit and diversity of its people.

 

Media Circle housing plan to increase in number of homes

A report from the Urban Redevelopment Authority, released on Friday (May 3) indicates that Media Circle land zoned to be used for business parks may soon become available for new housing.

Infinite Studios is located in one-north. A plot that was previously used for business parks has now been rezoned for residential use with commercial on the first floor. The square plot bounded by Media Walk Circle is to be developed at a ratio of 3.7.

Portsdown Road is the site of an irregular shaped parcel, a largely white site, that has been proposed for residential and commercial use. This is still subject to detailed planning.

A fourth parcel in the vicinity is proposed for pure residential use. Four parcels are being considered for residential only use.

URA said that proposed high-density developments would help support housing demand in one-north and will enhance the area into a vibrant district with mixed-use.

Once the plans are ready, the developer will release more information.

Terra Hill

Media Circle began as a media technology business park about 20 year ago.

The nearest MRT station is still a long way away, as are the residential housing estates.

Media Circle has recently seen more residential plots released as part of the Government Land Sales program.

Qingjian Realty was awarded the site in February of this year for S$395m or S$1,191/sqft/plot ratio (psf/ppr). Infinite Studios’ next-door site will be opened in May. It is expected that it will yield approximately 515 homes.

The Hill @ One North, which was built in April of 2024 in the One-North area, sold 43 units the day after it opened for sales. The units were sold on average at approximately S$2,595/sqf. Gao Xiuhua (one of the Kingsford Development owners) bought the site in 2021 for S$162.4million, or S$1,210 psf ppr.

In the one-north area, demand for homes is high. One possible reason could be that the district is located near schools such as NUS and Singapore Polytechnic as well the Science Park area and the one-north area.

This makes one-north a very attractive area for prospective tenants or purchasers who live or work in the region.

Visit us: Penrose showflat

One-north’s supply may have lagged the demand. As a result, rental growth was higher in this area than in Dover.

The estimated number may exceed 1,500 dwelling units.

Condo resale sales rebounded in March, price increasing 0.4%

In March, condo resale prices rose by 17.4%, the highest rate in seven-months, after buyers returned to a market that had been lulled for a few months due to a seasonal slump.

Flash data from SRX & 99.co, released Thursday (25 Apr), showed 883 units resold compared with 752 units in February.

Sales volumes were still 22.8 percent lower year over year (yoy), but they were 12 percentage points lower than March’s five-year volume average.

According to property analysts, the possible reasons for the volume increase include the resumption in launches throughout the month. The result is a spillover on the secondary market.

It is possible that some condo owners bought a new condominium and sold their old one to avoid the ABSD (Additional Stamp Duty) for the second residential property. Some buyers made comparisons and chose a pre-owned condo.

Analysts also reported an increase in the number of purchases by foreigners as the viewings for the Chinese New Year increased.

Several of these viewings might have translated into purchases in March.

Lentor Mansion

In February, data from URA Realis showed that foreign buyers (nonpermanent resident) accounted for 1.3 percent of all resale transactions. This is up from the 0.5 percent in January.

Analysts are concerned that the mismatching of price expectations may have an impact on the transactions, despite the slight rise in activity seen in March.

Observations show that while sellers are generally open to negotiating, they don’t want to drop their price too much, considering the high cost to replace a home.

In addition, the percentage of resale home sales to foreigners rose from 0.5 to 1.3 percent in February. On a monthly basis, 11 resale sales were made to foreigners – six to US buyers, 3 to Chinese, and 1 each to Norway and Switzerland.

In the meantime, resale prices remained tepid, only rising 0.4 per cent in a month, though they were up 5 per cent yoy.

The double hit of rising interest rates and falling rental income for property investors looking to use their investment condo unit’s rental income to cover mortgage payments is the result of both.

Outside Central Regions (OCR) recorded the largest price increases, with an increase of 1.6% in resale.

The higher price growth is not surprising given the increased suburban launches over the last months, and that most new homes were transacted at a median price above S$2,000 per sq. foot.

Resale Prices in the Rest of Central Region RCR grew by 1.2%. Resale price in the Core Central Region decreased by 2.8 percent from the previous period.

All regions have seen an increase in the resale of homes compared with last year. The OCR continued its lead with a gain 7.1%. Next was the RCR which saw prices rise by 5.6%. Finally, the CCR had prices increase by 1.5%.

The RCR was the site of the majority (48.2%) of the transactions. CCR volume accounted for 20.2% of total resale.

It is notable that sub-sale sales accounted for just 8.1% (down 4.3%) of all secondary purchases in February.

SRX & Co. 99.co claimed that this was the lowest percent in the last 12 months.

Sub-sale deals are those made prior to the completion of an undertaking, whereas secondary sales include both resale or sub-sale.

Read also: Penrose condo

The highest sale price for a condo unit in Keppel Beach in the RCR in March was S$8.7million.

The highest price condo sale in the CCR involved an Astrid Meadows unit that sold for S$7.1 Million. For the OCR, a unit at Seaside Residences sold for S$3.4 million.

The median capital gain of resale apartments in March was S$380,000, an increase by S$20,000 compared to the previous month.

The median capital gain for District 11 was S$823,000. Meanwhile, District 1 had a median loss of S$63,000.

District 26 posted the highest median (debt-free), unlevered returns at 63.3 percent, while district 1 reported a median negative unlevered return (5.8 per cent).

Capital gains on a condo-resale are calculated by comparing the price at which the unit was sold to the price it had been sold for in the past. Districts where there are fewer 10 transactions matching the district’s criteria are excluded.

On the launch weekend, half of Lentor Hills Residences sold at an average price of $2,080 per square foot

Hong Leong Holdings, a joint developer, said that on Sunday half of the 598 Lentor Hills Residences units were sold at an average of $2.080 per square foot (psf).

As of Sunday, 5pm, 298 leasehold units were sold. The majority of buyers were Singaporeans. Permanent residents made up the remainder. The units were sold for a price starting at $1,834 per square foot.

All apartment types were “well-received” by home buyers, with the two-bedroom and the two-bedroom-plus-study units being the most popular, said Hong Leong.

The unit sizes range from 452 square feet for a 1-bedroom unit up to 1,399 square feet for a 4-bedroom unit. Prices for one-bedroom units start at $945,000, followed by $1.36 million, then $1.82 for three-bedrooms, and finally $2.53 for four-bedrooms.

Hong Leong said that the dual-key units in the project also saw “healthy uptake”. Dual-key units range in size from 1,302 to 1,399 square feet and start at $2.64 million.

Lentor Hills Residences, jointly developed by Hong Leong GuocoLand TID is the second project in the new Lentor Hills Estate to be launched, following the Launch of Mixed-Use Integrated Development Lentor Modern, in September 2022.

Lentor Hills Residences occupies a land area of approximately 184,461 square feet. The five towers range from 8 to 23 stories, and all units have carparks.

Lentor Hills Residences is located in a neighbourhood that’s growing and close to the centre of Singapore. This attracted many buyers. The new Lentor MRT Station on the Thomson-East Coast Line is only a 5-minute walk from the project.

At launch, more than 70% of the units were two-bedroom or one-bedroom.

Check out our Penrose showflat.

Lentor Hills Residences sales show that cooling measures have not dampened investment demand by local property investors.

The strong take-up rate is a reflection of the strong demand for private homes from home owners and the fact that the market still has plenty of liquidity.

Source: https://www.straitstimes.com/business/half-of-lentor-hills-residences-units-sold-on-launch-weekend-at-average-of-2080-psf

One Bernam sold 23% of the total units at launch

Singapore’s MCC Group announced on May 9 that more than 80 units, or 80% of their first phase of 100 apartments released in their joint venture One Bernam project were sold. The 351 units in the mixed-use, 99-year leasehold development have been sold to about 23% of their total.

The average price per square foot of the sold units was $2,650. Over 90% of units taken up were units with one or two bedrooms, ranging in size from 441 sq ft to 872 square feet and priced above $1.017million. The majority of buyers are Singaporeans and Permanent Residents.

One Bernam also contains a two storey retail podium measuring 15,726 sq. ft. and a floor of 13-key serviced apartments.

There are 29 apartments with three bedrooms, each measuring 1,421 square feet. Two units of three-bedroom apartments are available with 1,948 and 1,744 sq ft. The largest penthouse has five bedrooms and is 4,306 square feet.

Irwell Hill Residences has sold 51.5% at $2,700 per square foot in early April. The project is situated in District 9, in the CCR. The launch of One North Eden followed, with 85% of the 165 units sold for prices ranging between $1,800 and $2,250 per sq ft.

These developments, like One Bernam mainly consist of one- and two bedroom units. Investors are attracted to such unit sizes, and the quantum prices starting from around $1 million. The successive launches of projects like these since the beginning of the year had already absorbed a large part of investor demand.

Read also: Penrose

One Bernam had an impressive launch weekend, given that investors had so many options prior to its launch.

MCC Group Singapore, which owns 30% of Realty Centre, has completed the sale at the end April. Fuji Xerox Towers will be redeveloped to become a mixed-use development, with residential, serviced apartment and commercial components. The project is name Newport Residences. Both projects take advantage of the CBD Incentive Scheme, which is part of the 2019 Master Plan of the Singapore government to revitalize the Downtown area.

One Bernam’s location in the CBD where many start-ups and MNCs choose to locate their headquarters bodes well for future rental markets. Today, investors will have a competitive advantage when it comes to rental yields.

Source: https://www.edgeprop.sg/property-news/one-bernam-sells-23-total-units-launch

Kent Ridge Hill Residences sold nearly half its units at the official launch

Oxley Holdings, a local property developer, says that at the official launch of Kent Ridge Hill Residences last weekend, almost half of its 250 units were sold.

Oxley announced in a press release issued on Tuesday that 116 units were sold at the five-storey building along South Buona Vista Road on Saturday and Sunday.

The average price per square foot of the sold units was S$1,700. Eighty percent of the units were one-bedrooms, two-bedrooms and one-bedroom with a study.

The remaining 20% were made up of three-bedroom apartments, five-bedroom homes and strata-landed properties. Singaporeans made up four out of five buyers, while the remaining were permanent residents or foreigners.

Kent Ridge Hill Residences is a 99-year Leasehold Development that sits on 319,250 sq. ft. Oxley said that it is only an 8-minute walk from Pasir Panjang Station MRT, nestled in a residential enclave. It will consist of a total 548 units, including 498 private condominiums and 50 strata-landed houses.

Oxley’s executive chair and chief executive officer Ching Chiat Kwong said that residents of Kent Ridge Hill Residences would enjoy a luxurious, exclusive and tranquil lifestyle.

Read also: Penrose

He added, “With this launch we are one step nearer to our sales goal of 2,000 units for 2018”.

Oxley Holdings announced Monday that its first-quarter net profits fell by 83 percent year-on-year, to S$8.6 million.

The revenue was down 45 percent at S$170.3 Million due to lower revenues from UK and Singapore. The earnings per share for three months ending Sept 30 dropped to 0.2 Singapore cents, from 1.26 Singapore cents previously.

Source: https://www.businesstimes.com.sg/property/nearly-half-kent-ridge-hill-residences-units-sold-official-launch

error: Content is protected !!