For the past 2 years, Government has been implementing residential property cooling measures to stabilise the market so as not to let the property bubble to form.

In brief for HDB measure, from 30th August 2010 onwards, those who are eligible to buy hdb resale flat, they need to fulfil a 5 years minimum stay (MOP- minimum occupation period) there physically before they can resell their flat in the open market. In addition, they are not allowed to invest in private property within the MOP time-frame. The ruling is just like buying direct flat from HDB.

As for private residential property measures there are several as follow :

1. From 30th August 2010 to 13th January 2011, additional sellers’ stamp is levied if sold within 3 years of purchase (based on exercise date) *

2. From 14th January 2011 till now, if purchaser buying second or more residential property, their loan quantum is capped at 60% (LTV – loan to value
ratio) of the valuation or property prices whichever is lower.

3. From 14th January 2011 till now, hefty additional sellers’ stamp duty is levied if sold within 4 years of purchase (based on exercise date) *

4. From 8th December 2011, additional buyer stamp duty is implemented for buying private residential property. (also based on exercise date)

Hope this info is beneficial to everyone.

www.gpsalliancesingapore.com

NOVA 88 stands apart. Rising distinctly above Singapore’s attractive Novena North district,NOVA 88 sets a new standard in living and choice with an unsurpassed array of options to match your specific needs. Situated on the quiet side street of Bhamo Road, yet conveniently close to the City and Orchard shopping district,

NOVA 88 presents you with a full scope of contemporary living spaces complete with innovative features including a unique outdoor Heated Swimming Pool.

NOVA 88′s innovative recreational features truly put it in a class of its own, including its rejuvenating outdoor Heated Swimming Pool. Situated within an attractive mid-level sky terrace, the heated pool matches NOVA 88 as an address that is prestigious, innovative and welcoming.

Pamper yourself daily, and discover how much more you enjoy life.

Act Now Call me for viewing www.marktan.name

NOVA 88 presents you with a full scope of contemporary living spaces complete with innovative features including a unique outdoor Heated Swimming Pool.

NOVA 88′s innovative recreational features truly put it in a class of its own, including its rejuvenating outdoor Heated Swimming Pool. Situated within an attractive mid-level sky terrace, the heated pool matches NOVA 88 as an address that is prestigious, innovative and welcoming.

Pamper yourself daily, and discover how much more you enjoy life.

Act Now Call me for viewing www.marktan.name

Situated at Pasir Ris Drive 3/Pasir Ris Link, the 99-year leasehold, 416-unit project will have four tower blocks and various facilities such as a swimming pool, hydrotherapy pool, water jet plaza, and a mural gallery.

Other features include 2-level penthouses, dry kitchen for some of the larger unit types, as well as dual-key layout for 3 and 4-bedroom units.

It will also have a club house with a gymnasium, a tennis court, putting green and a garden with barbeque pits.

It is located near Pasir Ris Beach and will have holiday resorts and theme parks in its proximity.

Escape Theme Park, Downtown East Resort, Wild Wild Wet are some of the theme parks nearby. Aranda Country Club and Costa Sands resort are also nearby.

Mr Chua Hock Tong, Chief Executive Officer of UE E&C Ltd., said Watercolours has a close-to-nature home environment.

“It is also easily accessible to the Pasir Ris MRT Station and bus interchange, Tampines Expressway (connecting Pan Island Expressway), primary and secondary schools as well as shopping malls,” he said.

Interested applicants can visit its sales gallery at Pasir Ris Drive 4 from 9am to 9pm from May 1.

Booking of units will start from June 1.

Mark Tan 938-747-86 Sales Team

mark.tan@gps.com.sg

It is a project by Huge Development Pte Ltd, a joint venture between Ho Lee Group Pte Ltd, UE E&C Ltd.1, GPS Alliance Development & Investment Pte Ltd and EVIA Real Estate Pte Ltd.

www.gpsalliancesingapore.com

paullim@sph.com.sg

Project details:
Developer: HUGE Development Pte Ltd (A joint venture between Ho Lee Group, Maxdin, GPS & Evia)
Site Area: Approximately 18.576.1sqm
Tenure: 99 years leasehold
Block/Storeys: 4 blocks of 12 storeys and 4 blocks of 11 storeys
Units: 416
Expected TOP date: 2016
Architect: Surbana

Unit Types:
2 Bedroom
Type A1: 69sqm-93sqm (743sqft-1001sqft)

3 Bedroom Compact
Type B1: 85sqm-112sqm (915sqft-1206sqft)
Type B2: 85sqm-118sqm (915sqft-1270sqft)

Penthouse
Type B1: 161sqm (1733sqft)
Type B2: 163sqm (1755sqft)

3 Bedroom Standard
Type B3: 89sqm-121sqm (958sqft-1302sqft)
Type B4: 87sqm-120sqm (936sqft-1292sqft)
Type B5: 87sqm-120sqm (936sqft-1292sqft)
Type B6: 89sqm-116sqm (958sqft-1249sqft)

Penthouse Type B4/B5: 166sqm (1787sqft)
Penthouse Type B6: 151sqm (1625sqft)

3 Bedroom Dual Key
Type B7: 102sqm-138sqm (1098sqft-1485sqft)
Penthouse Type B7: 174sqm (1873sqft)

4 Bedroom Dual Key
Type C1: 119sqm-150sqm (1281sqft-1615sqft)
Penthouse Type C1: 202sqm (2174sqft)

4 Bedroom
Type C2: 115sqm-154sqm (1238sqft-1658sqft)

WaterColours Executive Condominium

mark.tan@gps.com.sg

 Sales Enquiries Hotline

  938-747-86

http://www.registerwatercolours.executive-condominium.com

www.gpsalliancesingapore.com

www.marktan.name

By Michelle Tan

SINGAPORE – Two freehold residential redevelopment sites located at Balestier have been put up for collective sale by tender, with Jones Lang LaSalle being the sole marketing agent for both properties.

The first site (site A) has a gross plot ratio of 2.8 and can be amalgamated with an adjoining piece of state land of about 1,439 square feet (sq ft) to yield a total gross floor area of 74,151 sq ft, or 88 home units with an average size of 800 sq ft.

The second parcel (site B) also has a gross plot ratio of 2.8 and can be combined with an adjoining parcel of state land of about 2,832 sq ft to be redeveloped into a 107-unit development comprising units of 800 sq ft, with a total potential gross floor area of 90,179 sq ft. Height-wise, the sites, located along 2 to 16 (even numbers only) Kim Keat Lane, 1 to 19, 21 and 23 Kim Keat Close, can be built up to a maximum building height of 36 storeys.

The indicative price range for the respective plots are in the region of $68 million (about $940 psf per plot ratio) for site A and $81 million (about $940 psf per plot ratio) for site B, subject to the tender process. The amounts have factored in a development charge of about $745,000 as well as a $4.45 million land premium, said Jones Lang LaSalle.

A total of 76 strata apartments and eight commercial units occupy the four blocks of three-storey buildings.

Said Stella Hoh, national director and head of investments at Jones Lang LaSalle: “The subject sites offer potential developers an opportunity to acquire two prime plots of land in the city fringe area. Potential developers have the flexibility to submit bids for either or both parcels of land.”

Located close to MRT stations such as Toa Payoh MRT Station, Novena MRT Station and Boon Keng MRT Station, consultants expect a healthy response to the tender which will close on March 1, 2012.

Singapore Property Match

This article was first published in The Business Times.

The first site (site A) has a gross plot ratio of 2.8 and can be amalgamated with an adjoining piece of state land of about 1,439 square feet (sq ft) to yield a total gross floor area of 74,151 sq ft, or 88 home units with an average size of 800 sq ft.

The second parcel (site B) also has a gross plot ratio of 2.8 and can be combined with an adjoining parcel of state land of about 2,832 sq ft to be redeveloped into a 107-unit development comprising units of 800 sq ft, with a total potential gross floor area of 90,179 sq ft. Height-wise, the sites, located along 2 to 16 (even numbers only) Kim Keat Lane, 1 to 19, 21 and 23 Kim Keat Close, can be built up to a maximum building height of 36 storeys.

The indicative price range for the respective plots are in the region of $68 million (about $940 psf per plot ratio) for site A and $81 million (about $940 psf per plot ratio) for site B, subject to the tender process. The amounts have factored in a development charge of about $745,000 as well as a $4.45 million land premium, said Jones Lang LaSalle.

A total of 76 strata apartments and eight commercial units occupy the four blocks of three-storey buildings.

Said Stella Hoh, national director and head of investments at Jones Lang LaSalle: ‘The subject sites offer potential developers an opportunity to acquire two prime plots of land in the city fringe area. Potential developers have the flexibility to submit bids for either or both parcels of land.’

Located close to MRT stations such as Toa Payoh MRT Station, Novena MRT Station and Boon Keng MRT Station, consultants expect a healthy response to the tender which will close on March 1, 2012.

http://www.balestiersingapore.com

Source: Business Times © Singapore Press Holdings Ltd.

WaterColours  at

Pasir Ris Drive 3

REGISTER YOUR INTEREST NOW

AN EXECUTIVE CONDOMINIUM THAT ADDS COLOURS TO YOUR LIFE

  Launching 2nd Quarter 2012!

The most anticipated executive condominium project in the heart of Pasir Ris blending artistic vibes with a colourful home life.
There will be two to four-bedroom as well as penthouse units amid full condominium facilities.
Dual key access units are also available.

Kindly register your interest with us today,we
will follow up with you on more updates and
launch invitations.                                                              

E-mail me right now! For Full Project Information and Floor Plan

I am interested in the following

unit type(s):

2 Bedroom
3 Bedroom
4 Bedroom
3/4 Bedroom Dual Key
Penthouse 

CONTACT USEmail

mark.tan@gps.com.sg 

Sales Enquiries Hotline

  938-747-86 

www.gpsalliancesingapore.com

www.marktan.name

watercolours executive condominium location map

Watercolours Executive Condominium-By www.gpsalliancesingapore.com

WaterColours Executive Condominium at

Pasir Ris Drive 3

AN EXECUTIVE CONDOMINIUM THAT ADDS COLOURS TO YOUR LIFE

  Launching 2nd Quarter 2012!

The most anticipated executive condominium project in the heart of Pasir Ris blending artistic vibes with a colourful home life.
There will be two to four-bedroom as well as penthouse units amid full condominium facilities.
Dual key access units are also available.

Kindly register your interest with us today,we
will follow up with you on more updates and
launch invitations.                                                              E-mail right now!

I am interested in the following
unit type(s):

2 Bedroom
3 Bedroom
4 Bedroom
3/4 Bedroom Dual Key
Penthouse 

CONTACT USEmail

mark.tan@gps.com.sg 

Sales Enquiries Hotline

  938-747-86 

www.gpsalliancesingapore.com

www.marktan.name

watercolours executive condominium location map

Watercolours Executive Condominium-By www.gpsalliancesingapore.com