Buyers snap up 70 units at Le Quest Phase Two launch on Saturday

Le Quest Phase Two launched recently and the thing to note here is that this sold around 70 units during the next day. The Qingjian company offered around 115 units for sale in total and they did end up selling around 80 of them until the end of the week.

No matter if it’s a record or not, it goes to show that the Le Quest Phase Two project comes with a lot of promise. And that is a very good thing, because it brings a lot of value to people and it offers great location, plenty of space and other great feature.

 

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Residential apartments Launched for Collective Sales In Singapore

 

 

 

Several residential sites have been put up for En bloc Sales buy its sellers and they are worth well over 1.2 billion in total.

 

About Cavenagh Gardens:

 

Cavenagh Gardens is a 17 story condo development that is within minutes to the Somerset MRT station and nearby Fort Canning and Istana Parks.  This development is a perfect location that is surrounded by many amenities including restaurants, boutiques, banks and so much more plus all are within walking distance.  It also has its own 24-hour security car park.  Out of the properties just launched, this one has the highest asking price of $480 million.

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First Tengah flats to be launched in November

The latest news that has broke right now is that the first flats in the Tengah town will be launched in November. It will be a huge offering of around 1500 units with different flat types, according to Lawrence Wong, the Minister for National Development. They are supporting the idea of having Tengah flats, and it’s actually a good option to consider here.

The plan is to create a large Tengah town with around 700 hectares. It will be pedestrian friendly and it will also have a town center without cars. The premise here is a nice one, and it really goes to show the tremendous value and great opportunities. They also want to add lots of biodiversity and greenery in there, which is easy to understand why.

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Purchase In 2017 By The UOL Group, Amber45 Residential Condos Has Launched

The Amber 45 condo is the latest launch going for $2,200 psf and very quickly being grabbed up by buyers. 80 of the 139 units have been sold and 94% of these buyers are Singaporeans. Located in the East Coast area, the freehold site was purchased for $156 million in January 2017. Amber45 is situated between two outstanding residences, the Sea View and Shore Residences. Many believe that such a quick reaction is due to its luxurious facilities and excellent location.

 

UOL Singapore is the developer of Amber45 and has a proven track record for over 50 years. They are well-known for providing an excellent service, the best development practices, and Amber45 is no exception. Other projects that UOL has developed include Clement Canopy and Principal Garden that are considered the best of the best.

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Homes in the private sector recorded the biggest increase since 2010

While there was some kind of increase in the prices of private homes, the chances were not that significant from one quarter to another, until recently. 2018 brought along a lot of surprises, one of them being the increase of 3.9% recorded in the case of homes belonging to the private residential sector. According to the information released by the Urban Redevelopment Authority, or URA, the estimated increase was of only 3.1%, no one expecting such a consistent increase. This is the most abrupt increase since 2010, the last time when prices grew in an unexpected manner, reaching a peak of 5.3%.

 

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European And Other Foreign Buyers Are Gulping Up High-End Luxury Condos In Bangkok

 

One of the largest developers in Thailand, Sansiri, has announced one of their new luxury condos 98 Wireless just sold for $2.2 million. Word has it, the 25-story 98 Wireless is the finest luxury residential projects in all of Bangkok with absolutely no competition. 98 Wireless sits in the heart of the capital city surrounded by luxury malls, five-star hotels, and lush landscaping. Selling at $17,576 per square foot, making this residential skyscraper one of the most expensive properties in all of Bangkok.

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Spaces for bicycle parking required for new developments

It is well-known the fact that the use of bicycles are encouraged in Singapore, as they are an eco-friendly mean of transportation, keeping the air clean, and helping people lead an active lifestyle. This is why the future developments will be required to offer a parking space dedicated to bicycles so that people will have a convenient area where they can keep their green two-wheeled transportation mean. The Land Transport Authority or LTA is responsible for the introduction of this new standard, in the attempt of the authorities to encourage a cleaner atmosphere in Singapore. The new changes were announced on the 7th of May, through the URA circular.

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Investments in parking lots are the hottest tendency in Hong Kong at the moment

It is not a secret that the prices of apartments in Hong Kong reached values that are hard to meet by most investors these days, due to the impressive demand. But, what can one do if he or she has some money for investments? Apparently, the best move at the moment is to put money in parking lots.

 

How come this is such a good choice?

Well, only in the past year and a half, the value of parking lots doubled. Esther Fan, a woman that owns two parking lots in an old residential neighborhood enjoyed an increase of almost HK$90,000, which means US$272,630, as her lots jumped from HK$720,000 to the incredible value of HK$1.6 million.

If we are to look at these numbers, it is easier to see that it is more profitable to invest in parking lots, as the speed at which their value increases is considerably faster than the increase recorded by apartments. In the case of apartments, it took more than 7 years for them to reach a value growth of 120%, as the Centaline Property Agency showed through the data it released. Thus, if between 2010 and 2017, the prices of homes doubled in Hong Kong, the prices of parking lots tripled during the same period, especially those placed in residential areas. But, in spite of the fact that apartments are quite expensive in Hong Kong, their value never exceeds a growth of 100% during a whole year. When it comes to parking lots, that’s an entirely different story, as their increase in value easily goes beyond 100% in one year, as Mrs. Fan noticed.

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Housing Schemes in Singapore for 2018

Singapore is a small country but its population is quite large as compared to the square foot area of the country. The government has been constantly accommodating people by providing them with basic necessities of life, which also includes housing facilities.

 

Sotheby’s checked on the current government land sales (GLS) local plots and additionally checked those fruitful aggregate deals and made a rough estimation of a time of nine to a year for the GLS locations to get all arranging endorsements preliminary to being launched and available to be purchased. They also estimated a time frame of 15 to year and a half for the aggregate purchasing of sites

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Holland Tower launches collective sale with S$65m reserve price

Holland Tower is one of the most interesting collective sale launches in recent months. The interesting thing is that this 19 unit condominium found right near the Holland Village is set to sell and the reserve price is around S$65 million.

 

The establishment occupies a land of around 21871 square feet. It’s set to bring in a great set of opportunities for the neighboring regions, and it’s by far one of the more interesting things that you can check out right now.

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A Rise in Price of Private Home Recorded in the Q1, 2018

It is both a good and bad news for Singapore’s economy as the price of private homes (both new launch and resale condo) witnessed a surge while it saw a decline in HBD resale homes in the first quarter of the year 2018. This is the highest rise recorded since 2010. Urban Redevelopment Authority and the Housing Board released this data yesterday.

Shedding light on the public property market, it can be safe to say that it remained on the lower side. Similar to this year, the HDB resale prices also showed a decline last year as well. The decrease in price registered last year was 1.5%.

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Singapore’s Percentage Growth In Manufacturing Is Up From Last Year

The Economic Development Board has stated that the manufacturing industry in Singapore is significantly up 59% from last year. There is an increase in production year-over-year which investors use to gauge an industry’s performance during a certain period of time.

 

There are other industries in Singapore that have also shown respectable growth including the following:

Precision engineering production increased 10.5% in comparison to last year. Due to the increased growth in components and modules, specifically the production of optical and cable merchandise and products rising to 31.1%. Read more

New beautiful playgrounds were built to unite the community and pay homage to the neighborhood

It is well-known the fact that the authorities in Singapore are looking to bring the communities on this island even closer to each other, by strengthening the bonds and relationships of people that live in them. As part of this strategy, the Housing Board decided to create new and exciting playgrounds in various neighborhoods, with the purpose of giving children adequate outdoor spaces while bringing families together and paying an homage to the neighborhoods’ heritage.

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