An old condo development named Lakepoint View in the lake district of Jurong is available for collective sale. Located in the second most crucial part of Singapore which is also known as the 2nd CBD of Singapore, the sales will be initiated through tender for the reserve price of 640 million dollars. The declaration has been made on 23rd of July, Tuesday by the agents of the joint marketing scheme of Strata AMC and SLP International Property Consultants.
Recorded as the slowest growth in the last 10 years, Singapore’s economic growth was less than 1.2% of the growth that was expected; a direct repercussion of the malfunctioning of the major manufacturing units in the country which is in turn because of the trade tension globally predominant and experienced between the United States and China and their electronic clash. Another two probable reasons influencing this slog can be the sedate economic growth of China, along with the Brexit getting postponed till October 31. The last time the country’s growth touched this low was during the period of April-June 2009. But this time, the recorded growth was lesser than both the predictions of the Ministry of Trade and Industry who calculated it to by 1.3% and the analyst’s polls by Bloomberg who expected it would be 1.4%. Even though the MTI further decreased its assumed growth window assessing the present conditions from 1.5%-3.5% to 1.5%-2.5%, still the final outcome did not fall within the same.
The survey reports that have been recently submitted show that the rents for the private condos on non-landed areas have gone down by a considerable margin and the decrease has now been recording for consecutive two months. Although Singapore condos have seen a certain fall in the rates, the rents of the Housing Board (HDB) flats have gone up considerably. Like the last month of May, in June too, the rent rates of the condos dropped by a total of 0.2% taking into consideration all the units that are both in the nucleus and border of the city.
If we are to divide the whole city into three succeeding circles, the private rents in the innermost and outermost ring that form the core and the circumambient regions to the central part, saw a decrease in the rents by 0.5% and 1.1% respectively, while the intermediate ring that forms the integral portion of the city, saw a hike by 0.9% of the rents. Read more
There is a huge scarcity of land at Singapore, and in these conditions, if one needs to make the best out of real estate projects; there are three major options for expansion. Either expand upwards, downwards, or go towards the seaside.
These ideas were recently updated by Lawrence Wong, the National Development Minister in a blog post. Read more
If we compare the Housing Board resale flats sale of the June month to May; the prices have gone up by a certain extent, and the sales went down.
Note that, in the month of May, 2076 HDB flats were transacted as per the fresh estimates available on the SRX real estate portal; the sales in the June month went down by almost 8.7 percent as only 1895 HDB resale flats were sold.
Moving into your new home should be an exciting time for you and your family. A time for putting down roots, getting to know your new neighbourhood and neighbours, and having a safe, relaxing place to rest your head at night. For all that to happen, and it not to turn into a nightmare, you need to make sure you do your research first. Here are the things you should ALWAYS look for when viewing and considering your next home.
Marketing agent Cushman and Wakefield recently announced the sale options at Little India Heritage area where three adjoining corner shophouses are available with a reserve value of S11 million.
These properties have individual land titles and are located in the total land area of around 3,870 square feet; whereas the estimated floor area for the entire site is 7771 sq. ft. As per the indicative price range of $11 million; the price per sq. ft floor area can be calculated to be somewhere around $1,415 sq. ft.