Posts Tagged ‘Condo For Sale’
Posted by Singapore Property Match on January 9, 2012
An Executive Condominium (EC) site at the junction of Pasir Ris Drive 3 and Pasir Ris Link has been sold to Ho Lee Group Ltd & Maxdin Ltd, after offering the highest bid of S$122.20 million (S$291 psf ppr) in a state tender that closed on 11 October 2011.
Can SMS www.marktan.name 938-747-86 request for update when showflat is ready
Can SMS www.marktan.name 938-747-86 request for update when showflat is ready
The site, which was launched for sale on 25 August 2011, is zoned for EC housing and could possibly yield up to 390 condo units. It has a total area of 18,576.1 sq m and a maximum gross floor area (GFA) of 39,009.81 sq m, with a gross plot ratio of 2.1.
Chia Siew Chuin, Director of Research & Advisory at Colliers International, said “new EC units at the site are likely to breakeven at about S$580-610 psf,” given its S$291 psf ppr land cost.
She added that site psf price is also some 10.8 percent above the land price achieved for the Belysa EC site located on Elias Road / Pasir Ris Drive 1, which was awarded in October 2010.
Li Hiaw Ho, Executive Director at CB Richard Ellis (CBRE) Research, agreed and noted that the 315-unit Belysa EC at Elias Road, which was launched on 11 May at S$670 psf, “was fully sold within one month.”
“The newest EC project, Arc At Tampines (574 units) at Tampines Avenue 8, reportedly sold more than 300 units in the past month. It was launched at the end of August 2011 at $720 psf. A new EC project on the subject site, which can yield around 390 units, may be priced at similar levels.”
He added that the site “is about 10 minutes’ walk from Downtown East and E!hub @ Downtown East. White Sands shopping mall and Pasir Ris MRT station/bus interchange are a short drive away. Future residents will be able to walk to Pasir Ris Park and the beach.”
pasir-ris-ec-site
Can SMS www.marktan.name 938-747-86 request for update when showflat is ready
Can SMS www.marktan.name 938-747-86 request for update when showflat is ready
To contact the journalist, you may send your message to editor@propertyguru.com.sg
Posted in Property News | Tagged: cbre, CEA, Condo For Sale, condo near mrt, DW, ec, ec flat, EC new launch, ERA, Executive Condominium, Executive Condominium for sale, Far East Organization, Far East Organization FEO, feo, feo agent, feo development, For sale, General News, hdb, HSR, HSR Agent, iea, KF, Mark Tan, new launches, new Launching, new project, ot, PASIR RIS BEACH PARK, Pasir Ris Drive 3, PN, saea, seastrand, Singapore, Singapore Property News | 2 Comments »
Posted by Singapore Property Match on July 12, 2011
Mon, Jul 11, 2011
Singapore property agents have been advised to avoid doing business in Johor because they may be unfamiliar with Malaysian regulations and laws.
Similarly, Malaysian real estate agents have been discouraged from looking for properties in neighbouring countries, particularly in Singapore.
Loo Kung Hoe, Chairman of Malaysian Institute of Estate Agents Johor Baru, noted that the institute had received several complaints from Malaysian agents that their Singaporean counterparts were operating in Iskandar Malaysia to search for and sell properties to their clients in Singapore.
“When Singaporeans purchase properties via their Singaporean agents, they do not need to pay income tax or commission to local agents and that would affect government revenue,” he said.
Loo argued that Singaporean agents were committing an offence under Section 22D(5) of the The Valuers, Appraisers and Estate Agents Act.
He revealed that there are currently 98 registered property companies with 1,000 agents attached to them, while 20,000 freelance or unregistered agents are operating in Johor.
“Instead of taking legal action against them, we want to educate them and urge them to work hand-in-hand with our local counterparts.”
“Singaporean real estate agents can pass the documents and desired property to the local agents so we can help them look for it,” Loo added.
He said that the body wants to encourage unregistered Malaysian brokers and agents to take courses and register as certified property agents to prevent real estate deals from going awry.
“We want to prevent the unregistered agents from misleading or duping investors or property buyers, especially foreigners, which would create a negative image for Iskandar Malaysia.”
Posted in Property News | Tagged: agent, apt for sale, Baysuites singapore, broker jb, Condo For Rent, Condo For Sale, dragon mansion, flyer, General News, hdb, HSR Agent, hsr property, hsr property agent.hsr agent, HSR Property Group, johor, johor baru, malaysia, marina sales, Mark Tan, market report, new launches, Owner Selling, PN, Property, sentosa, Singapore, Singapore Private Apartment For Sale N For Rent Directory, Singapore property for sale, singapore property market, Singapore Property News, singapore relocation agent, singapore sentosa, universal studios | Leave a Comment »
Posted by Singapore Property Match on June 28, 2011
Singapore News
River Valley apartment sold en bloc for S$70.5m
By Julie Quek | Posted: 27 June 2011 1931 hrs
SINGAPORE : A 40-unit walk-up apartment at 402-414 River Valley Road has been successfully sold en bloc for S$70.5 million to Alliance Land.
This translates to a land rate of about S$1,139 per square foot per plot ratio, with a gross plot ratio of 2.8 for the 22,000-square foot site.
If the 10 per cent gross floor area for balconies is included, it will work out to S$1,035 per square foot per plot ratio, at a gross plot ratio (GPR) of 3.08.
According to marketing agent, Credo Real Estate, a new development built on the site can potentially yield an estimated 130 apartment units, averaging 500 square feet each, depending on layout and configuration.
Credo said the project is suitable for a boutique development with small apartment units, which will be popular with both local and foreign professionals and investors.
Owners of the district 10 property stand to receive gross sale proceeds ranging between S$1.75 million and $1.77 million each.
The sale is subject to the approval of the Strata Titles Board.
The site has a total gross floor area of about 68,000 square feet, including the 10 per cent gross floor area for balconies.
The existing development is understood to have been built in the early 1960s, making it part of the first generation of flat developments built in the post-colonial era of Singapore’s history.
Tenure for the site is rather unique – at 999,999 years with effect from 1962.
- CNA/al
Posted in 1, Property News | Tagged: 93874786, Baysuites singapore, casino, Condo For Sale, dragon mansion, DW Group, feo development, gps alliance, HSR Property Group, Mark Tan, new launches, PN, PropNex, Singapore, singapore casino, singapore luxury homes, Singapore Private Apartment For Sale N For Rent Directory, Singapore Property, Singapore property for sale, singapore property market, Singapore Property News, singapore sentosa | Leave a Comment »
Posted by Singapore Property Match on June 1, 2011
Posted in 1, Property News | Tagged: apt for sale, Baysuites singapore, casino, Condo For Sale, cpf, DW Group, feo agent, feo development, flyer, General News, hdb, hdb agent, hdb news, HSR Agent, hsr property, hsr property agent.hsr agent, HSR Property Group, internet marketing, KF, luxury property, Mark Tan, Mark Tan Singapore, market report, marktan, MarkTan Singapore, new launches, Owner Selling, pap, PAP Singapore, Property, Singapore, singapore casino, singapore condo for sale, Singapore Private Apartment For Sale N For Rent Directory, Singapore Property, Singapore property for sale, singapore property market, Singapore Property News, singapore relocation agent, Singapore SEM, Singapore SEO, universal studios | Leave a Comment »
Posted by Singapore Property Match on April 25, 2011
Posted in Property News | Tagged: apt for sale, Baysuites singapore, Condo For Rent, Condo For Sale, ERA, feo development, General News, HSR Agent, hsr property, hsr property agent.hsr agent, HSR Property Group, luxury property, marina bay suites, market report, new launches, Owner Selling, PN, Property, sentosa, singapore casino, singapore luxury homes, Singapore Private Apartment For Sale N For Rent Directory, Singapore Property, Singapore property for sale, singapore property market, Singapore Property News, singapore relocation agent, singapore sentosa, universal studios | Leave a Comment »
Posted by Singapore Property Match on November 2, 2010
Freehold
WHAT SO GREAT ABOUT !!!
Developer’s Sold Out Project.
You Are Not Too Late To Cash In On One Of Singapore’s Hottest Property Project
The Best @ Balestier Road in Whampoa estate near Novena as well.
The Mezzo is located at Balestier Road in Whampoa estate where food lovers can
enjoy a wide selection of local dishes at the Singapore ”food street”. Other
amenities like wet market, supermarket, clinics, shops are all located in
Whampoa estate. Mezzo is also near to shopping centres like the Balestier
Plaza, Novena Square and United Square.
It is accessible by Pan Island Expressway (PIE) and Central Expressway
(CTE) which leads to all parts of Singapore in only
- Freehold
- Full condo facilities (Except Tennis Court)
- approx TOP in 2014 end Dec (to be confirm)
- Good location for invesment
- Near to many education Hub & medical hub
- 15mins to CBD and Orchard Road
- 10mins to novena square
- 5mins to CTE & PIE
28 storey with a total 127 units
1 Bedroom – 560sqft
2 Bedroom – 775 & 840sqft
2 bedroom Penthouse – 1453 to 1625sqft
Land Area: 3819sqm
Low Maintenance Fees : $130 onwards
Good Finishes & Fittings
Posted in 1, Condo For Sale, Property News, Sub-Sale Property | Tagged: Condo For Sale, good buy, good investment, sub-sale, the mezzo | Leave a Comment »
Posted by Singapore Property Match on September 1, 2010
Developers will have to work in higher costs for new projects, as the development charge (DC) rates for both non-landed and landed residential homes have been increased.
They have gone up by an average of 13 per cent.
This is largely within market expectations, given the broad-based recovery in the property sector.
But the announcement comes one day after the government announced new measures to cool the property sector.
And analysts said this will cause developers to be more measured in their land bids and also in the en bloc market.
The residential sector is leading the increase in DC rates.
This is the tax payable by the developer when a property site is developed into a more valuable project.
This allows the government to have a share of the gains from the enhanced value.
Landed homes will see the average rates go up by 13 per cent – with the Sentosa area seeing the biggest jump of 36 per cent.
Meanwhile, the rates for non-landed residential use will also climb by 13 per cent.
The largest increase of 28 per cent will apply to city fringe areas like Tanjong Rhu, Farrer Park and Balestier.
The opening of the Circle Line has also pushed DC rates up for some locations. They included Braddell, Upper Aljunied, Bishan and Ang Mo Kio.
Analysts said this revision in DC rates is unlikely to have a significant impact on the property market. And what developers will be watching is how potential home buyers react to the slew of policy changes introduced by the government to rein in property prices.
Chua Yang Liang, head of research, Southeast Asia, Jones Lang LaSalle, said: “The DC rates component in most en bloc deals is usually quite small. The component is just about 5 to 10 per cent of the total cost.
“But going forward, because of the policies that have been effected today, I think the level of collective sales may see a bit of a slow down going forward, where developers may take a wait-and-see approach before they embark on new purchases.”
Meanwhile, the DC rates for commercial sites will increase by 1 per cent on average, with Jurong Lake District rising by 25 per cent.
Going forward, analysts said the rates could be a tad lower due to the policy changes, but some sectors will do better.
Dr Chua said: “The key impetus would probably be the IR (integrated resort); now it is in semi-completion state, so with further completion, say after the Circle Line comes in, the rest of the project completing, I think you can expect some revision in the Marina area going forward.”
The average DC rates for industrial use will rise by 10 per cent, with the Woodlands and Yishun area registering the largest increase.
In a statement, the National Development Ministry added that the DC rates for business zone commercial use have not changed significantly, while the levy for the remaining groups are unchanged.
The change in DC rates will take effect from September 1.
Posted in 1, Property News | Tagged: apt for sale, Baysuites singapore, Condo For Rent, Condo For Sale, dc, dragon mansion, dubai, ERA, feo agent, feo development, flyer, For sale, General News, hsr property, hsr property agent.hsr agent, HSR Property Group, luxury property, marina bay suites, marina sales, Mark Tan, market report, Owner Selling, sentosa, Singapore, singapore casino, singapore condo for sale, singapore ir, singapore luxury homes, Singapore Private Apartment For Sale N For Rent Directory, Singapore Property, Singapore property for sale, singapore property market, Singapore Property News, singapore relocation agent, singapore sentosa, universal studios | Leave a Comment »
Posted by Singapore Property Match on September 1, 2010
Budget And Property Prices
The rental prices fluctuate heavily depending on the supply and demand of the available units. The rental prices for private properties have in many places doubled in the last two years, as also happened during the 90’s property boom. The following table gives you a rough idea what you can expect with what kind of budget currently:
| Location |
Property Type |
Rental Range |
| Central (Newton, Holland Village, River Valley, Orchard, Tanglin) |
1-bedroom apartment |
S$3,000 – S$7,000 |
| 2-bedroom apartment |
S$3,500 – S$8,000 |
| 3-bedroom apartment |
S$4,500 – S$10,000 |
| Penthouse / 4+ bedrooms |
S$6,000 – S$20,000 |
| Terraced House |
S$6,000 – S$25,000 |
| Bungalow |
S$15,000 – S$60,000 |
| East Coast & Bukit Timah |
1-bedroom apartment |
S$2,500 – S$4,000 |
| 2-bedroom apartment |
S$3,000 – S$5,000 |
| 3-bedroom apartment |
S$3,500 – S$7,000 |
| Penthouse / 4+ bedrooms |
S$5,000 – S$15,000 |
| Terraced House |
S$7,000 – S$10,000 |
| Bungalow |
S$12,000 – S$40,000 |
| Other Areas |
1-bedroom apartment |
S$2,000 – S$3,000 |
| 2-bedroom apartment |
S$2,500 – S$4,000 |
| 3-bedroom apartment |
S$2,800 – S$5,000 |
| Penthouse / 4+ bedrooms |
S$3,200 – S$8,000 |
| Terraced House |
S$5,000 – S$10,000 |
| Bungalow |
S$8,000 – S$20,000 |
Property Type – House Vs. Apartment
Expats typically live in either an apartment/condominium or a landed house. This is a matter of preference and budget. Typical condominiums in Singapore have multitude of facilities – e.g. swimming pool, gym, tennis courts, children playground, and BBQ pits. And they are usually within a walled compound with security guards around, although Singapore is not a dangerous place at all. Because the plot sizes are relatively small in Singapore, only the very luxurious landed properties have pools and other facilities. For somebody moving from a colder climate, you have to also remember that Singapore is in the tropics and there are more small animals (insects, geckos) around than you may be used to. These tend to cause more problems in landed properties, especially close to green areas. But if you have the budget, there are some very nice bungalows to live in that will give you the luxury and privacy that a condominium would not be able to do.
Transportation
Singapore has one of the most modern and best functioning transportation systems in the world, and travelling from any point in the island to another does not take long in normal conditions. Car ownership can be expensive in Singapore, but on the other hand the roads are good and less congested than in many other cities of similar population density. Public transportation is also very good, but tends to be more concentrated in areas where the Singaporeans live (close to HDB estates). In any case, unless you really live at the edge of Singapore, your commuting time would rarely exceed one hour.
Your main options for moving around are described below
Mass Rapid Transport (MRT)
MRT, Singapore’s metro/underground system, currently has 3 lines (4th being built currently). Our map search shows the location of MRT stations in Singapore. We will also give you details of the distance to the closest MRT station for each listing.
Posted in 1, Property News | Tagged: apt for sale, Baysuites singapore, casino, Condo For Rent, Condo For Sale, dragon mansion, dubai, DW Group, ERA, flyer, For sale, General News, hsr property, hsr property agent.hsr agent, HSR Property Group, luxury property, marina bay suites, marina sales, Mark Tan, market report, MBS, new launches, Owner Selling, prices, sentosa, Singapore, Singapore Private Apartment For Sale N For Rent Directory, Singapore Property, Singapore property for sale, singapore property market, Singapore Property News, singapore relocation agent, singapore sentosa, universal studios | Leave a Comment »
Posted by Singapore Property Match on August 30, 2010
Aug 29, 2010
PM’S NATIONAL DAY RALLY
HDB to raise income ceiling
By Esther Teo
DBSS allows private developers to tender for state land to build public housing. They have flexibility in designing, pricing and selling the flats. — PHOTO: ST
THE Housing Board will raise the $8,000 income ceiling to $10,000 to give those caught in the ‘sandwiched group’ more housing options.
While the $8,000 monthly income cap remains for those buying Built-To-Order (BTO) flats, the ceiling for those buying flats under Design-Build-and-Sell Scheme (DBSS) will be upped to $10,000. DBSS gives private developers flexibility in designing, building pricing the units.
Prime Minister Lee Hsien Loong, who announced this at the National Day Rally on Sunday night, said the higher income ceiling will allow those caught in the $8,000 to $10,000 group to qualify for both DBSS and executive condominiums.
‘I think this group is quite anxious about falling in between, as they are not eligible for HDB and they can’t afford private property.. And because people are marrying a little bit later, so their incomes tend to be a little bit higher, so they worry that they will get promoted before they get settled. So we will do more to help them own their homes,’ he said.
Buyers of a DBSS will enjoy concessions given to those buying an executive condominium. They will be eligible for a housing grant and can arrange their own financing. While not quite doing away with the $8,000 ceiling cap, the new move, which many flat buyers have long clamoured for, will open up thousands of mid-priced units to the sandwich group.
A typical four-room BTO flat costs $300,000, a DBSS flat around $500,000 and an executive condominium around $700,000.
PM Lee also announced that the government will move to cool the private property market, but did not give details. ‘Otherwise you will remember nothing else about my speech,’ he said, to laughter from the audience at the University Cultural Centre.
The Ministry of National Development will announce details of the changes on Monday morning.
On public housing, PM Lee said the HDB will built 22,000 more BTO units next year. ‘So if you miss one BTO, don’t worry, the next one is coming… There are 22,000 new flats coming along and we don’t have 22,000 new couples getting married in Singapore every year,’ he said.
He added that the HDB will also speed up construction of flats and cut the waiting time, which averages three years now. He also assured flat buyers that HDB flats would be kept within reach of Singaporeans. The affordability of housing has been a hot-button topic this year, with many voicing concern over the surge in property prices.
PM Lee acknowledged that the influx of foreigners has impacted on housing demand, but he added that it was not the only factor. There were broader economic forces at work, he said.
Posted in 1, Property News | Tagged: Baysuites singapore, casino, Condo For Rent, Condo For Sale, dragon mansion, DW Group, feo agent, For sale, General News, HSR Agent, hsr property agent.hsr agent, HSR Property Group, marina bay suites, market report, MBS, new launches, Owner Selling, Property, singapore casino, singapore luxury homes, Singapore Private Apartment For Sale N For Rent Directory, Singapore Property, Singapore property for sale, singapore property market, singapore relocation agent, singapore sentosa, universal studios | Leave a Comment »
Posted by Singapore Property Match on August 2, 2010
Dear All,
Below are the details of our current packages. You may prepare the following documents for a processing of the loan.
I have also attached a loan calculator which you can use for calculation of installments base on the static data you enter.
Feel free to call me at your convenience should you have any enquiries.
Thanks
For HDB & PRIVATE loans
*HOT SELLING!!*
|
|
No Lock In |
1 year fixed |
2 year fixed |
Refinancing Only
2 year fixed
1.5% cash rebate |
| Min Loan Size |
$100k |
$100k |
$100k |
$100k |
| Lock In |
Nil |
1 year |
2 years |
2 years |
| Pricing |
|
|
|
|
| Y1 |
3m Sibor+0.75% |
1.60% fixed |
1.45% fixed |
1.95% fixed |
| Y2 |
3m Sibor+0.85% |
3m Sibor+0.85% |
1.95% fixed |
2.45% fixed |
| Thereafter |
3m Sibor+0.95% |
3m Sibor+1.25% |
3m Sibor+1.25% |
3m Sibor+1.30% |
- 0.3% (PTE) , 0.5%(HDB) legal fees subsidy capped at $2K
- Free Fire insurance on the 1st year(PTE)
Throughout the loan tenure (HDB)
* Latest Promotion * - We are giving the extra $500 legal fee subsidy, on top of our standard legal fee subsidy of up to $2,000.
What is this guarantee about?
- From 16 July 2010, we guarantee that we will give your customer a higher legal fee subsidy and an extra year of fire insurance coverage if he accepts our Mortgage Letter of Offer (LO) in the next 2 business days from the LO generation date i.e. T + 2 biz days.
What will my customer enjoy under this guarantee?
- If your customer accepts our LO within T + 2 biz days, he will enjoy the following:
- Extra $500 legal fee subsidy: Your customer will enjoy a maximum legal fee subsidy of $2,500 instead of the standard $2,000.
- Extra 1 year fire/home content insurance: Your customer will enjoy 2 years free insurance coverage instead of the standard 1 year.
SIBOR stands for Singapore Interbank Offered Rate and is the benchmark for interest rates in Singapore. If your loan is pegged to SIBOR,
you can rest assured that your mortgage pricing will always reflect market conditions. Choose a 3-month tenure if you want to closely follow
the market, or choose a 12-month tenure if you want more stability in your monthly instalments.
As at 2 Aug 2010, 3-month SIBOR was 0.55%
How does the Sibor Pegged Rate package benefit me?
The Sibor (Singapore Interbank Offered Rate) pegged rates offer full transparency in mortgage board rate movements. Pegged to 3 or 12 month Sibor, home owners can have the certainty that interest rates may only be revised at specific frequency and not subject to irregular interest rate volality.
How does SIBOR and CPF pegged rates compare to board rates?
Board rate movements are not transparent to the public. Board rate changes are solely determined by the financier concerned and not marked to the market. Home owners do not have the assurance on the direction and the magnitude of the board rate movements vs Sibor-pegged rate
How does SIBOR rates compare to SOR rates?
Sibor is the rate at which banks lend to other another. It is a key component used by banks in setting their home loan rates. SOR is made up of Sibor plus the bank’s lending costs.
Documents required (for faster processing of your loan)
1. Completed Application Form
2. Photocopy of NRIC (front and back) or passport
3. Income Statement
Salaried
- Latest Income Tax Notice of Assessment; or
- Latest computerized pay slip; or
- Last 6 months’ CPF Contribution history
Self-Employed / Commission-based
- Last 2 years’ Income Tax Notice of Assessment only
4. For repayment using CPF: Last 6 months CPF Statement of Account and CPF Withdrawal Statement
5. For new purchase: Option to Purchase or Sale & Valuation Report
6. For refinancing: Last 6 months’ Loan or Bank Statements and CPF Withdrawal Statement
Mark Tan 9090-8533
Posted in 1, Property News | Tagged: apt for sale, bank, Baysuites singapore, boc, buying, cimb, CITIBANK, condo, Condo For Rent, Condo For Sale, DBS, dbs bank, dragon mansion, DW Group, ERA, feo agent, feo development, For sale, General News, hdb, hong leong, HONG LEONG FINANCE, hsbc, HSR Agent, hsr property agent.hsr agent, HSR Property Group, loan, luxury property, marina bay suites, marina sales, Mark Tan, market report, MAYBANK, new launches, OCBC, ocbc bank, Owner Selling, posb, Property, pte, selling, sentosa, Singapore, singapore casino, singapore ir, singapore luxury homes, Singapore Private Apartment For Sale N For Rent Directory, Singapore Property, Singapore property for sale, singapore property market, Singapore Property News, singapore relocation agent, singapore sentosa, stand, universal studios, UOB, uob bank | Leave a Comment »
