An insight into why there’s resentment
Is there really resentment in Singapore’s new condo development housing market? For now, the market shows a lot of Singapore citizens may have or showing signs of resentment in the market due to the rise in prices of the private housing market and the increase in immigration. Why is this so? Most Singapore residents feel that there are many factors that could be playing a part in the rise of real estate prices, but it’s believed the increase in property prices are coming from the wealth that migrates to around 45 Amber Road, Singapore.
So, for now it seems to be a lot of persuasions and pressure by the authorities to make the public react, so they can scare the developers into decreasing and making the private housing prices to drop further in Singapore. Property developers throughout Singapore aren’t showing any signs of budging on their property prices either as competition is even taking more of an upturn.
Who’s really at fault for private condo increases?
Is it the migrators fault? No, people can move anywhere that will accept them when migrating from another place despite the price of residential housings. Actually, the fault doesn’t lie anywhere, but with authorities. The fault also kind of lies with the competitive property price market in Singapore. Is it the developers fault? Why should new project developers such as the developer of Amber 45 Condo located at 45 Amber Road lose out on competitive market prices? The fact is, developers are rightfully within their rights to charge the prices they want for their residential properties within market prices. What does this mean for instability in the real estate market? It aptly means that the government and central bank may want to intervene if they see market instability due to higher prices.
Prospects of the Singapore Housing Market
The housing market prospects in Singapore has largely been due to the fact that investors are more confident in the new development condo properties and the fact that Singapore is home to some of the world’s most expensive real estate assets. Many analysts believe that the government will begin to slow the growth of foreign workers migrating to Singapore in an attempt to cool down the ever-growing housing market and introduce more cooling measures in the property market such as putting tougher mortgage conditions into place and adding more buyer stamp duties.
With that said, the more stringent terms for new home buyers may also see the curbing of bank lending to developers or may try to restrict the number of units that developers develop on building sites. Although Singapore is considered to be a haven for the super-rich in Asia, the prices of overall real estate has seen a rise of up to 20% in 2017 and may rise a little higher by the end of 2018. With these rises throughout the year, buyers can be sure that even if there is resentment, they will surely see a rise again of about 2% by the end of the year and substantial rises a few years from now. Will there be resentment then?
3 Cuscaden Condo at Cuscaden Walk
Following the strong and massive collective sales fever and the sale of Cuscaden mansions, it has since been renamed as the 3 Cuscaden by the winning developer. This old and rundown apartment building will be torn down and redevelop into the next big thing in 2018. It will be the latest and best Prime District 10 condo in the Orchard area when the time comes. The former Cuscaden mansions was bought over by Sustained Land via an en-bloc process in 2016, they are established as well as a reputable real estate firm in the local market for many years with solid track records.
As the full details of this newest 3 Cuscaden Condo at Cuscaden Walk is not approved by the governing bodies yet, there will not be much information to share with the public as of now. But based on a close acquaintance with the insider news, this ultra-luxurious condo building will be built on a twenty over thousand square foot of elevated land.
Locale of 3 Cuscaden
Meticulously designed along with one of the top architect firm in Singapore, the entire condo development will be standing tall and strikingly along Cuscaden walk and the main Orchard boulevard road. 3 Cuscaden condo will certainly be identified easily when you’re driving pass the area.
Coincidentally, this beautiful landmark at Orchard road will also be diagonally across the iconic Wheelock Place and Four Seasons Hotel. Besides from having the Boulevard residences, Cuscaden royale and Twenty-One Angullia Park as your immediate neighbours, the exclusiveness of this neighbourhood will only belong to the few residents residing here.
With such an impressive locale of 3 Cuscaden, residents will be able to relieve themselves from owning an expensive vehicle in land scarce Singapore too. Due to orchard railway station being a short stroll away in a couple of minutes via underground passage ways, there isn’t a strong reason in owning a car for the individuals now. They can in fact contribute to be a part of the car-lite society members moving forward as Singapore age.
This new condo development by Sustained Land Pte Ltd will most probably feature only two to four-bedroom type within the entire single building. It is actually a good strategy plan by not integrating a single bedroom layout due to the higher population as seen from other projects. With the fading shadows of one bedded unit due to the perceived shoe box idea, it is certainly a good plan to begin with two bedded units going forward for all future developments.
So, if you’ve been holding out for a long time since the slump of our local property market in recent years, it is the perfect opportunity for you to enter the property scene now as we’ve witness a bottoming out correction with increases from previous two quarters ending 2017 and going forward, we would expect a gradual increase on the private property price beginning from the prime district’s high-end properties.
Singapore – Park Colonial, the newest condo at Woodleigh Lane and along Upper Serangoon Road. It will be developed by a consortium led by Chip Eng Seng, a joint venture between CEL Development, Unique Real Estate Pte Ltd, Heeton Holdings and KSH Holdings. They have successfully tendered for the land parcel by out-bidding the rest of the local developers and to becoming one of the first mover in this Bidadari new town. Major plans for this condo development were already in discussion and there will be more than 800 apartments in this development, spanning across 6 blocks of 15-storey tower in style.
Branded Main Contractor of Park Colonial Condo
They have officially appointed Dragages Singapore as the main contractor for this new condo site at Woodleigh. It is a Singapore-based wholly-owned by Bouygues Construction, an industrial group headquartered in France and a mainboard listed on Euronext Paris Stock Exchange. It will be a new innovative modular construction project as promised by Dragages and we will expect to see a major disruption in the next few following years when they demonstrate their expertise in modular construction.
The entire construction of this Park Colonial condo by CEL will be worth a total of €113 million. The mentioned site is located in the center of district 13, Woodleigh Lane. There will be many different various layouts ranging from one to five-bedroom unit types, totalling 805 apartments for the online registered purchasers to choose from.
By Dragages Singapore
According to Nicolas Borit, Chief Executive Officer of Bouygues Batiment International, said: Park Colonial Condo will be their new milestone in their continuously developing activities in Singapore. And that they were thrilled to have been selected for this challenging task, so that they will be able to execute their expertise in the latest modular building strategy. Showing clients on the newest technology by anticipating an even more effective building technique that will complete in a faster turnaround time for all involved parties. They are now fully-equipped and is capable to offer new solutions where it will match whatever expectations from the client.
This new project was pitched by Dragages Singapore and will be based on the latest modular system in reinforced concrete, with more than half factory-built and produced in advance within a well-managed environment so that it will not jeopardise and compromise on any quality issues on site.
It will be safely secured along the way while transporting the concretes to the construction site. Thereby limiting the noise and dust for the people residing in the neighbourhood. Work on the fabrication has already begun in Jan 2018 and will take approximately 33 months before handing over the project back to the developer by late 2020.
Not to worry should you have any concerns pertaining this new condo development, we’ll be around to assist you along the way if you’re keen to explore further with us.
Introduction of Artra Condo
Artra Condo was initially sitting on an empty plot of land until Urban Redevelopment Authority (URA) released the land parcel for public tender sale program. After a fiercely contested bidding on this piece of land located at Alexandra road, it was sold to Tang Skyline Pte Ltd.
If you were to look closely on the recent land bids by developers of all sizes, it reflects an increasing positive sentiment on the local residential market scene. More so on the city outskirts and prime site as compared to other regions.
However, market watchers have warned that due to the many unsold units within the Artra condo area, it would be a risk for the developer moving forward. There are Alex Residences, Principal Garden and The Crest in the immediate vicinity as their main competitors during then.
But things have changed since, with the local private property segment bottoming out and into a recovery phase after two consecutive price rises since 2017, many home buyers have come into the market hunting for good buys. As a result, both Alex residence and Principal garden have been fully sold at a stunningly fast pace.
Artra Condo Development
With the impending shock wave flowing into the marketplace, we could expect more good news coming from the Artra condo in the next few months. It is not only an ordinary condo but one which is right next to the Redhill train station for your day to day convenience. Wouldn’t it be great to be able to reside in a city fringe locale and yet it offers you such an unbeatable connectivity?
Amenities around and within the Artra Condo
Apart from scoring highly on transportation aspect, it is only three and four stations away to our central business district, Tanjong Pagar and Raffles Place respectively.
As a resident here, one will not be short-changed from a lack of amenities because Artra is a mixed development where it encompasses commercial component on the same building. Bringing to you plenty of food and beverage establishments as well as retail services including a large supermarket for your weekly groceries.
If you or your wife is expecting, or you have a newborn baby right now, we’re pleased to tell you that there will be an indoor childcare centre situated within the artra residence for your ultimate convenience.
Everything has been carefully planned for you by the developer, if you are on a house hunting currently, do not missed this golden opportunity anymore!
Singapore – Local developer City Developments Ltd has won two out of three land sites from the government land sales yesterday.
The sale of three residential sites located at Chong Kuo Road, Handy Road and West Coast Vale were closed yesterday on 30 January 2018, with CDL bringing home the latter two.
They had entered the winning bid of $212.2 million or $1722psf ppr for the plot at Handy Road, Dhoby Ghaut. Including a winning bid of $472.4 million or $800psf ppr for the land site at West Coast Vale. While the third land parcel on offer were in Chong Kuo Road along Sembawang Road (Mandai area), receiving a top bid of $43.95 million or $681psf ppr from a joint venture between OKP Land and Lian Soon Holdings.
The 51,626 square feet land parcel at Handy Road garnered the most interest, while the 210,883 square feet site of West Coast Vale drew the highest winning offer due to their excellent attributes and close-proximity to various amenties. Said Sherman Kwek, Chief Executive Officer of CDL Group.
With the local market beginning to recover from a slump, we’re selectively and continuing in seeking good sites to expand our land bank inventory, Mr Kwek said.
With the Handy Road site going to us, we are looking to explore 8 to 10 storeys high, while accommodating about 200 units with a basement carpark across three residential buildings. We will also be exploring the idea of converting the conserved building which is within the site into a clubhouse for the residents.
The attractive site is less than 100 meters away from Dhoby Ghaut MRT, and without a single GLS site made available in the area for the past few years. The winning bid put forth by CDL were quite bullish according to market watchers, as it was 48.9 percent higher than the land price of nearby Sophia Hills sold in 2013 at $1157psf ppr. They had also successfully snag a huge plot of land via collective sale at the former Amber Park recently with a record price tag of $906.7 million.
The estimated breakeven price for Handy Road land parcel will be approximately $2300 to $2400psf.
For the land parcel at West Coast Vale, CDL is planning to construct a 36-storey high building on 2 towers, housing not more than 730 units and with a basement car park.
Based on a market analyst, the high winning bid put forth by such a major player in the industry only reflects the confidence on the 2 sites and the local residential market sentiment going forward. Backed by strong financial muscles as they have already spent above $1.5 billion on this 2 sites and the one along amber road just a few months ago.
First Weekend Sales of Parc Botannia
Singapore – The launch of Parc Botannia by Sing Holdings and Wee Hur Holdings comes as other developers postpone their launches till the beginning of next year. It’s a sign that companies could be looking to revise their price upwards due to the positive market sentiment seen in recent months. Developer sold 230 units at an average price of S$1,270 per square foot on the first weekend of sales on Saturday. They had initially wanted to launch 150 units but eventually made more than 250 units available in the first phase with more than 500 cheques received as indication of interest by purchasers before the soft launch. This is out of the total of 735 units in the whole development spanning across four beautifully designed 22-storey towers.
It was a big day for these potential home buyers balloting a unit of this project in Sengkang. Many buyers said they were attracted to its proximity to the transport nodes such as Thanggam LRT Station, Seletar Mall and Jalan Kayu, a food enclave. They were buying the apartment for investment as the location is very accessible to the City Center with the upcoming expressway as well as Seletar Aerospace Park and Changi Airport in close-proximity, hoping to attract the well-heeled tenants such as those frequent travelers and the future huge workforce coming from the nearby Aviation Hub.
Parc Botannia is the latest large-scale project to hit the market after a quiet September and October. Sing Holdings decided to launch this project now as they felt there will be less competition coming from other projects since many other developers are holding off new sales launches till 2018.
It is sitting on a 99-year leasehold plot of land in Fernvale, adjacent to Thanggam LRT and only a few stations away from Sengkang MRT. National Parks Board will also be managing a 100,000 square-foot park adjacent to it after their completion by the developers.
According to Mr Lee, Chief Executive Officer of Sing Holdings, the strong attributes of this project have attracted an “overwhelming” mixed buyer interest with the most popular units being one and five-bedroom apartments ranging from 431 to 1,679 square foot respectively.
Apart from the beautiful landscaping, unique features and the affordable price tag, there isn’t any new condo projects in the neighborhood from the last two years. Hence, take-up rate will gain momentum going forward into 2018.
There is a common saying – each area has its own attractions, and your experience in Singapore will definitely vary drastically as per the type and location of neighborhood you would be around. Let’s guide you through some of Singapore’s best neighborhoods, so you are well informed before going out with your agent.
Holland Village is one of the most attracting residential areas due to the central location close to the downtown and even Orchard areas, also the open space Singapore Botanical Garden and MacRitchie Reservoir offer is no doubt a class apart. You would have a wonderful eclectic feel here with so many bars, local shops, and restaurants. Plus the famous arts and dining enclave Dempsey is just a step out and three of the highest capacity office complexes namely Biopolis, Fusionopolis and Mediopolis aren’t far either.
The beautiful ethnic shop house storefronts in Tanjong Pagar still portrays the Malay heritage of Singapore giving it a simple touch of picturesque charm. At the heart of the area, Neil Roads and the Keong Saik boasts Singapore’s vibrant food and cocktail culture.
Situated just outside the central business district, bankers and ad-agency suits are the ones who live here. The short distance from work, several watering holes to enjoy with friends at the end of the day, nice weekend, or even a romantic night out often attracts people searching for an ideal residential area.
This is basically a heritage housing estate holding onto the retro charm. The city streets are designed like an interlocking horseshoe shape that encloses a popular community center. It’s just 15 minutes from the city center and offers a charming escape from the artificial skylines downtown and has a much more serene feel.
The apartments are mostly a bit walk-up, but once you climb up the stairs, a beautiful space awaits. The Tiong Bahru apartments are post-war but nicely renovated to offer you an elegant vintage feel like the covered porches and beautiful window grates.
Geylang is basically a local area, maybe even more literally Chinese than Chinatown. Just 15 minutes from the city to the East, the Hawker centers and street stalls will give you an idea about the local culture far from the fancy cocktail bars or lavish streets. But you would love the gritty charm once you blend into the neighborhood.
Best known as Singapore’s “resort-island,” you can live at homes right on the water. It can be unique condos or landed houses. If breezy and serene spaces away from city life and a beach in front of you sound perfect, Sentosa Island may be the best option for you, but don’t forget the price tag.
It’s a perfect home base for a family man. You will live close to nature. There are some housing complexes not far from the East Coast Park. It’s a long narrow strip along the sides of a beautiful beach with plenty of greenery and an amazing ocean view. You would find homes here at reasonable rents. A spacious place with a wide range of amenities, for the same price as a small home in the city center – this seems heavenly.
Woodlands is situated at the far Northern end of the island, much closer to Malaysia than the city life of Singapore. However, the great distance from the city gives a nice option to stretch out.
Singapore has become one of the most vibrant and busy business hubs in Southeast Asia. Preferred as the most traveled tourist spot in this part, it offers a wide range of cultures and entertainment to spend your time. Singapore has seen a huge change over the past few years developing more attractive structures, tourist activities and beautiful spots for travelers all around the world. With so many sightseeing options, museums to explore and districts to roam around, the most important part of your trip should be picking the best hotel.
Here in this article, we have assembled some of the best hotels in Singapore. So, let’s choose the hotel best suited for your trip.
Singapore Marriott Hotel:
The Singapore Marriott Hotel is famous for the beautiful green pagoda tower at the center of Orchard Road. Also, the Retreat Spa here offers some amazing sessions which will fill you with energy. Several other beauty services can be enjoyed such as manicures, pedicures, and waxing inside the hotel, and you don’t have to go anywhere else.
Rasa Sentosa Resort:
This is the only resort in Singapore that offers a beachfront location. Sentosa Island’s Siloso Beach is the best attraction if you choose this resort. It has a brand new renovated guestrooms and even hotel facilities like as gym, spa and children’s amusement club.
The Shangri-La Hotel also represents mesmerizing spa facilities and aromatherapy. Roaming around the romantic manicured gardens in the serene Shangri-La Hotel spa could be your best option to enjoy the evening. You can even try the jacuzzi, sauna or steam room after a busy day or enjoy the outdoor swimming pool.
It’s not only a luxurious hotel but also a famous landmark in Singapore for more than 120 years. This historic retreat will give you a touch of the local colonial-style architecture. Even the beautiful tropical garden inside the hotel has been immortalized in Rudyard Kipling and Somerset Maugham’s best-selling novels.
This is a home away from home. Orchard Parksuites Pte Ltd will serve you a hi-tech kitchen and exclusive steam room and refreshing sauna. If you want to visit the chic malls and top Asian restaurants, just step out onto the always busy Orchard Road.
Choose this self-catering hotel for a homely feeling even on your trip. It’s situated just in the hub of Orchard Road shopping street. Pick your rooms from the 87 luxurious apartments, whether you want two-bedroom or a three-bedroom unit. You can even cook meals in well-advanced kitchens and enjoy the time in quite spacious living and dining areas.
A luxury 5-star hotel that offers lavish rooms furnished in costly woods and Asian silks gives you the ultimate pleasure to the scenic beauty of Singapore Marina and the wonderfully illuminated city skyline. This hotel is also close to some of the major city landmarks such as the Singapore Flyer or the attractive Esplanade and is just minutes away from the central business area.
The Hilton Singapore is the ultimate family retreat with plenty of children’s menu options, babysitting, childcare and even rollaway beds that comes along with the cribs and high chairs whenever you want to use. Situated in the heart of Orchard Road, luxurious shopping malls and many entertainment venues are actually a step out of this famous Singapore hotel.