Something new and spectacular will soon emerge at Kent Ridge Hill

It can be rather challenging to merge concrete developments with a natural and serene setting, but the developer in charge with the new condominium that will emerge at Kent Ridge Hill is determined to make it happen. ADDP Architects got this project from Oxley Holdings, who is looking to come up with the ideal urban escape, both for families and couples alike.  Why is this location so special? It promises to provide all the comfort of a modern lifestyle together with the peacefulness of living in a green environment.

 

The truth is that when it comes to greenery, you’ll barely find any other place that can offer the same amount of green space and views like the ones found at Kent Ridge Hill. According to the developers, all the condos in the new development will be designed so that they will offer stunning views to their owners. How many units will be available? 548 is the number that is aimed by the development company, as 11 blocks and 50 landed houses are part of the project. Homebuyers will be able to choose between units with one single bedroom and up to units with three bedrooms, suitable for families. For those that wish to enjoy more space, 3 and 5 bedroom penthouses will also be available. Thus, it will only be a matter of personal perspective. To make sure that the gorgeous views can be enjoyed, most of the units are designed to be above the road, for an elevated position that will definitely offer a clearer horizon.

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Launching of upcoming development in West Singapore

CDL to preview highly anticipated whistler grand. The latest residential launch in West Coast
Last weekend Whistler Grand which is proudly developed by the City Development limited is launching their showflat for VVIP preview. This is a residential scheme which is being launched on the West Coast of Singapore. Its location is such that connects it with the Jurong Lake District, which is known as the second best Central district in Singapore.

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Should I Buy a Private Condo or Resale HDB?

There is a growing number of people in Singapore who are faced with just this dilemma. Those that fall between the gap by earning too much money to enable them to buy a BTO, but purchasing an apartment in a private condo is just too much of a stretch for them to be 100% comfortable with. In the middle of this of course is the option of buying a resale HDB. Many of those, rightly or wrongly, see a private condo as the best option, but it is just a case of whether or not the sacrifices, and the tightening of other budgets is worth it.

Private Condo or Resale HDB
Private Condo or Resale HDB

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As a result of cooling measures, the price rise in the private home sector slows down

As a result of cooling measures, the price rise in the private home sector slows down

According to the estimates released by the Urban Redevelopment Authority, or URA, the prices of private homes barely managed to rise a 0.5% in the period between July and September, in comparison with the latest three-month period. This more than obvious slowing down of price increases is due to the fact that the authorities of Singapore introduced a set of cooling measures back in July, this year. Considering that the second quarter brought rises of 3.4% in this sector and that the first quarter recorded rises of 3.9% the slowing down in the third quarter is noticeable.

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A Record High Top Bid for EC Land by CDL-TID Joint Venture

It has been reported that executive condominium segment was facing a huge shortage in supply. During the last years, the number of EC units sold by the developers amounted to 4,011. Despite this shortage in supply, 17 bids were fetched by an executive condominium (EC) site at a state tender. This site is located in SumangWalk in Punggol and the tender closed this Tuesday. Housing and Development Boardwas given the responsibilityof conductingthis tender. The board was also state’s acting Land sales agent.

These 17 bids in question have said to broken the previous bidding record in EC land. The site for which the record was made is Lake Life Site. It is located in Yuan Ching Road/Tao Ching Road. The record was made in July 2013.

 

Out of these 17 bids, the top bid was made by a joint venture of TID Residential (owned by TID Pte Ltd) and CDL Constellation (a subsidiaryof City Developments). The value of this top bid is S$509.37 million and it is a record in itself with regards to psfpprworth S$583.

 

The top bid made for this EC site in Sumang Walk is 64% higher as compared to the last top bid placed in August 2016. for the Anchorvale Lane. The value of its top bid was S$355 psfppr.

 

The second highest bid was recorded as S$486 million, 4.8% lower than the top bid. It was made by Qingijiang Realty. The thirdspot, in the top bid rankings, was jointly held by Soilbuild Group Holdings and Yanlord Singapore Residential. They offered S$450 million for this EC site. It was followed by a bid of S$446.6 million from a joint venture of Sunway Developments and Hoi Hup Realty.

 

An S$431.69 million bid was placed by Changi Properties, Sing Development, and FEC properties jointly. Next came a joint venture of Gamuda (Singapore) and Evia Real Estate as they placed the bid of S$426.37 million. MCC Land (Singapore) placed a bid of S$413.7 million and the lowest (S$373.81) was placed by Ho Bee Land unit HB Lombard.

 

The reason for these record-breaking bids, as per analysts, is said to be the lack of new EC sites in the market. During the last year, there was only one EC site offered in the GovernmentLand Sales Programme for sale, which is The Sumang Walk. As per Ong Teck Hui, JLL national director, these bids proved to be higher than their expectations. He is of the view that since last 1.5 year, there was no EC land tender. It contributed to the record-breaking bids. Othercontributions, as per his views, were made by a noted surge in the privateresidential market and unsold stock in the undersupplied market. It is assumed that the prices of EC are expected to rise by 20% by the completion of this project.

 

The top bidder of this project, CDL will be handling their 9thEC project. They have a positive outlook for this project. Sherman Kwek, CE of CDL, is of the view that the company has confidence in this project. They believe it is going to be successful due to its ideal location and various other features i.e. close proximity to various stations, easy accessibility, and various other amenities.

 

 

The article below might give you a more information on this EC land land bid

https://www.businesstimes.com.sg/real-estate/cdl-tid-joint-ventures-top-bid-for-punggol-site-sets-record-for-ec-land

 

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Executive Condos: A Good Investment?

 

 

 

Think that the prices of EC and new launch private condos are getting closer? Take a look at some of our latest new launch condo in Singapore,

The Government may join forces with Private Developers for the improvement of older homes

It is well known that the Government is looking for the best ways to redevelop homes that are growing older. So, when they reach their age limit, they can be transformed into new homes that meet modern requirements of quality and comfort much better. The plan includes the units leased by the Housing Board on long periods, like those on a 99-years lease. Of course, there is still time for many of these homes, but the authorities want to make sure that everything is set in place and best solutions are found before the re-development process actually begins.

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When is the Best Time to Buy a Condo?

That is the million dollar question (often literally). A better one might well be is there a best time to buy a condo? The answer to that is yes, but it almost certainly is different depending on your circumstances, why you are looking to buy, where and what you are looking to buy. That is why you can ask a dozen people, and look at another dozen articles asking when is the best time to buy and you will end up with 24 conflicting answers.

 

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