Singapore’s property prices will double by 2030

V on Shenton

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V On Shenton is a 99-Year Leasehold Condominium located 5, Shenton Way, 068808 in District 01.

Site area 72,959sf. Developed by UIC Investments (properties) Pte Ltd, V On Shenton is consists of 1 tower,

53 Storeys (residential units start from 9th storey to 53rd storey) and 510 units.

V On Shenton also consists of 3 levels of Sky Gardens on 8th, 24th, 34th storey and Gym on 35th storey. Five on Shenton is close to Tanjong Pagar MRT (EW15), Marina Bay MRT (NS27) and Raffles Place MRT (NS26/EW14).It is due to be completed in 2017.

Nature’s most efficient cell for strength, the hexagon shape dominates the design of V on Shenton.

These organic geometric panels also weave texture and cohesion to the development, reflecting light and pocketing shade.

As you move around the building, the effect is a structure that is alive and constantly changing.

V On Shenton is located strategically along Shenton way at the heart of the CBD, mins walk to Raffles MRT station with a great connectivity to major expressways and roads. A short drive to Marina Bay Sands, Raffles Place, Suntec City, Clarke Quay, Resort World Sentosa, Marina Bay Financial Centre, Esplanade, East Coast Park.

Rarely does a residence encapsulate so many experiences in one realm. A multitude of exquisite amenities and activities that offer an exceptional experience for those endowed to acquire this extraordinary address – fiVe shenton way. Enthralling. Intriguing. Exciting.

 

UIC Limited unveils its flagship development, previously known as the UIC Building located at 5 Shenton Way. The integrated development comprises a 54-storey residential tower – V on Shenton and a 23-storey office building.

 

Strategically located at the confluence of Shenton Way and Marina Bay Financial District, V on Shenton, comprises of 510 units ranging from studio, 1 to 3-bedroom apartments and penthouses.

Using its signature organic shapes and structures inspired by nature, the building reflects the sense of a sculpture crafted by artisan hands to redefine the appeal of metropolitan living. The upcoming Shenton Way station is right at the doorstep of the development.

Mon Jervois

Nestled Within The Embassy Neighbourhood In Singapore

 

Mon Jervois nestled in the prestigious Jervois enclave, is an exclusive 109-unit, 5-block, 5-storey development by UIC and Singland. Located in Singapore prime District 10 in Jervois Road. An exclusive prime location facing Good Class Bungalows (GCB) and near to various Embassies such as High Commission of Brunei Darussalam, Embassy of Republic of Indonesia and Malaysia High Commission.

View Video of the unit
https://v360property.com/agt/kr/1807/mon/jervois/v360.html

Additional 5% discount from OTP Price for all Loft units! $89,000 ID package for the unfurnished loft units on top of the current Star Buy Disc.

Normal Progressive Payment CASH REBATE 15% 
Deferred Payment CASH REBATE 12%
Enhanced Deferred Payment CASH REBATE 10%Lowest Quantum After Cash Rebate:
2Br Loft: $2.659mil Nett
3Br PH: $3.017mil Nett

Property Information:  

 

1 Property Type Condominium
Developer Singapore Land Limited
 Tenure 99 years
 Estimated Completion November 2017
No. of units 109 units
 Amenities – Redhill MRT
– Orchard Boulevard MRT (U/C)
– Orchard Road Shopping Belt
– Dempsey Area
– Vivocity
– Great World City
– Valley Point Shopping Centre
– IKEA Alexandra
– Clarke Quay / Boat Quay
– Singapore Botanic Garden
– Roya Tanglin Golf Course
– Fort Canning Park Service Reservoir
– Istana Park
– Alexandra Park Connector / Henderson Park
– Tiong Bahru Park
 Facilities – Guard House
– Sundeck
– Indoor Gym
– Lap Pool (Approx. 25m)
– Jaccuzi Pool
– Shallow Pool Sundeck
– Kid’s Water Jet Pool
– Al Fresco Dining Deck
– Picnic Lawn
– Play Lawn
– Lounge Terrace
– Entertainment Pavilion
– Meditation Deck
– Reflective Courtyard
– Secret Garden Walk
– Golfer’s Green
– Tranquil Hideaway
– Sunken BBQ Pavilion
– Hammock Island
– Jungle Jacuzzi
– Jacuzzi Deck
– Kid’s Play Zone
– Kid’s Rock Wall
 Unit Sizes One-bedroom + Study: approx. 614 sqft
One-bedroom + Study PES: approx. 624 sqft
Two-bedroom: approx. 893-1,001 sqft
Two-bedroom PES: approx. 883-1,033 sqft
Two-bedroom + Family Loft: approx. 1,539 sqft
Two-bedroom + Family Loft PES: approx. 1,561 sqft
Two-bedroom + Study Loft: approx. 1,582 sqft
Two-bedroom + Study Loft PES: approx. 1,668 sqft
Three-bedroom: approx. 1,389-1,518 sqft
Three-bedroom PES: approx. 1,496-1,572 sqft
Four-bedroom: approx. 1,905 sqft
Four-bedroom PES: approx. 1,981 sqft
Penthouses: approx. 1,475-3,003 sqft

10 Evelyn

10 Evelyn is an upcoming exclusive residential development that is located at Newton Planning Area, District 11, Core Central Region of Singapore. The site is near the bustling Newton Road yet tucked away in the serene and quiet landed residential enclave of Buckley Road.

It is along Evelyn Road and opposite of Singapore Hakka Methodist Church and Setia Residences, another residential project. 10 Evelyn’s land parcel has previously belonged to 2 bungalows which was acquired by Amara Holdings Limited. Amara Holdings Limited is a Singapore listed company with businesses in hotel investment and management, property investments and development as well as specialty restaurants and food services.

Some of the residential developments they have done include Citylife @ Tampines, Killiney 118, The Abode @ Devonshire and The Linear. The bungalows located at 29 Newton Road and 31 Newton Road was purchased in 2014 and 2016 respectively. Amara Holdings has combined this 2 land plots to developed 10 Evelyn. This development has a total site area of approximately 30,298 square feet or 2814 square metres and with a gross plot ratio of 1.4. Upon completion, this development will comprise of 1 block of 6 storeys building with 56 apartment units and freehold tenure.

The unit types available include 28 units of 1 bedroom units with sizes ranging from 495 to 614 square feet, 24 units of 2 bedroom units with sizes ranging from 732 to 829 square feet and 4 units of 3 bedroom units with sizes ranging from 1,227 to 1,249 square feet. Other developments within the developments’ vicinity include Residences @ Evelyn, Novena Regency, 26 Newton, Park Infinia @ Wee Nam, Lincoln Suites, Soleil @ Sinaran, 6 Derbyshite, Rochelle at Newton, Miro and Newton 21.

10 Evelyn is approximately 400 m away from the Newton Interchange Station which operates the MRT North South Line and also the MRT Downtown Line. Future residents just need to travel 1 station towards to Marina South Pier MRT Station direction on the MRT North South Line to arrive at the Orchard MRT Interchange Station.

The MRT Thomson East Coast Line available at Orchard MRT Interchange Station is slated to start its operations in 2021. From the MRT Downtown Line available at the Newton MRT Interchange Station, future residents just need to travel 1 station toward the Expo MRT Station direction to arrive at the Little India MRT Interchange Station which also operates the MRT North East Line.

Some of the major arterial roads and expressway that are nearby include Thomson Road, Bukit Timah Road, Dunearn Road and the Central Expressway (CTE). For drivers, it will take them approximately 5 minutes’ drive to arrive at the Orchard Shopping District and approximately 15 minutes of driving to arrive at the Central Business District (CBD).

A short walk from the development will be the Novena Shopping Cluster where a number of shopping malls are located such as Goldhill Plaza, United Square Shopping Mall, Velocity @ Novena Square and Square 2. There are supermarkets, food courts and numerous retail and F&B options available at these shopping malls. The development is also short distances to food centres such as Newton Food Centre, Pek Kio Market and Food Centre, Tekka Market and Food Centre, Whampoa Makan Place and Market.

I am looking for :

1 Bedroom2 Bedroom3 Bedroom4 Bedroom

The Woodleigh Residences

The Woodleigh Residences is a 99 Year Mixed development located next to Woodleigh MRT Station. This development fulfills the duel need of leisure and convenience. This is a premium development at Upper Serangoon Road by Singapore Press Holdings and Kajima Development. The project will be in the core of developing Bidadari estate consist of residential and commercial facilities at the city fringe. Singapore Press Holdings (SPH) and Kajima Development noted that Bidadari was a new housing estate at the fringe of the city centre and that it was envisioned to be a “community in a garden”.

JADE SCAPE

THE JADE SCAPE – FOR ALL THE GOOD ONES

” The Most Valuable En-Bloc Sale ”

Announcement

  • Preview on August or September 2018
  • North-South Expressway (NSE) is redesigned into North-South Corridor (NSC) to integrate and ease private & public transport commuters.

PROJECT NAME JADE SCAPE
Developer Qingjian Realty
Architect Tange Associates / Ong&Ong Pte Ltd
Address T2 – 16 Shunfu Road (Marymount MRT)
Site Area Approx. 36,986 sqm
District D20 Ang Mo Kio / Bishan / Thomson
Property Type Condominium comprising of 5 towers of 21 to 23 storey
Tenure 99 Years Leasehold
Total Units 1,206
Unit Mix 1 Bedroom (527sqft)
2 Bedroom (646sqft)
2 Bedroom Deluxe (764sqft)
2 Bedroom Premium (775sqft)
3 Bedroom (904sqft)
3 Bedroom Deluxe (1,001-1,044sqft)
3 Bedroom Premium (1,130-1,152sqft)
4 Bedroom (1,249sqft)
4 Bedroom Deluxe (1,421sqft)
4 Bedroom Suite (1,647sqft)
5 Bedroom Suite (2,088sqft)
Penthouse (4,198sqft)
Expect TOP Date Jan 2023

As a valuable material in itself, Jade in the name positions the property as one of luxury and prestige. Also well known for its green varieties, Jade represents the varied, lush greenery and hints at the elegant grandeur instead of using ‘green’ or ‘emerald’. Scape describes the overall
setting and nature-inspired offerings of the property. Used in combination, liken to ‘landscape’, the name Jade Scape denotes the extensiveness of the greenery (jade) in the development and visualizes the property as one that is rich in concept, value as well as nature.

Located at Shunfu Road where it is surrounded by the landed properties with the unblocked view throughout. The unique location brings with it the breath-taking panoramic view for the majority of the units.

Close proximity to Nature Parks, Shopping Malls, MRT Stations, Famous Eateries and Famous Primary Schools, Jade Scape is the best place home buyers are looking for!

Jade Scape is just 3 mins walk short walk from Marymount MRT Station and it takes only 6 stations to reach Orchard MRT Station.

Jade Scape offers a panoramic view of Singapore Reservoir Park and Island Golf Course as well as Landed Enclaves

Jade Scape condo video

Shunfu Residences Developer Qingjian

THE DEVELOPER OF JADE SCAPE: QINGJIAN

Qingjian Realty is a developer based in Singapore. The parent group’s projects have included the Olympic Sailing Centre, the Liuting International Airport, residential and commercial towers.

Since 1999, Qingjian has been developing a wide spectrum of buildings in Singapore, which include Nutura Loft Bishan DBSS in 2008, Nin Residence Potong Pasir in 2010, RiverParc Residence Punggol EC in 2011, RiverSound Residence Sengkang condo in 2011, River Isles Punggol condo in 2012, Bellewater Sengkang EC in 2016, Bellewoods Woodlands EC in 2016, Visionaire Canberra EC in 2017, etc.

Despite Qingjian is China developer, but its quality assurance is way beyond expectation and you will surprise and impressed with their product. Qingjian still retain its market position as one of the top 10 developers for 3 years consecutively.

Register now to get VIP Preview & Enjoy Early Bird Price

Location Map

Shunfu Residences Location

Nearest MRT Stations

  • Marymount MRT (0.36km/3 min walk)
  • Upper Thomson MRT (0.76km)
  • Bishan MRT (1.05km)
  • Bright Hill MRT (1.42km)
  • Braddell MRT (1.53km)
  • Caldecott MRT (1.60km)

Nearest schools

  • Catholic High (0.75km)
  • Ai Tong School (1.16km)
  • Guangyang Primary School (1.37km)
  • Kuo Chuan Presbyterian Primary School (1.77km)
  • Kheng Cheng School (1.87km)
  • Townville Primary School (1.90km)
  • Ang Mo Kio Primary School (1.94km)
  • Teck Ghee Primary School (2.04km)
  • CHIJ Primary Toa Payoh (2.16km)
  • First Toa Payoh Primary School (2.27km)

Nearest Shopping Mall

  • Thomson Plaza
  • AMK Hub
  • Junction 8

Unique Selling Points:

  • Designed by Award Winning Architect Paul Noritaka Tange, Tange Associates
  • Located in the heart of Singapore
  • Walking distance to Marymount MRT and future Upper Thomson MRT station
  • Easily accessible via 4 MRT Lines
    • Circle Line
    • Thomson Line (under construction)
    • North-South Line (one stop away – Bishan)
    • Cross Island Line (Future)
  • Well connected to PIE, CTE, and future North-South Corridor
  • Near to Shopping Malls and Amenities (Shunfu Mart, Thomson Plaza, Junction 8, AMK Hub & TPY Hub)
  • Close to renowned schools such as Ai Tong Primary School, Catholic High School, Raffles Institution, Raffles Girls’ School, and Eunoia Junior College
  • High potential rental yield
  • Short stroll to MacRitchie Reservoir Park and Bishan-Ang Mo Kio Park
  • Good Selection of 1-,2-,3-,4-,5- Bedroom and Penthouse Units
  • Luxurious and premium interior fittings
  • Over 100 common facilities within the development
  • Panoramic views toward MacRitchie Reservoir and unblocked views over neighbouring landed estates
  • Equipped with comprehensive Smart Home features (Come experience Singapore’s 1st full Private Smart Home Show Unit in JadeScape!)

Register now to get VIP Preview & Enjoy Early Bird Price

MIXED DEVELOPMENT IN SINGAPORE

Mixed Development is the urban development that blends residential and commercial. Usually, the residential towers standing on top of the commercial retail mall. Mixed development can be in the form of a single building or the entire cluster.

The residential in the mixed development projects usually host a wide-ranging from studio apartments to 5 bedroom units catering to singles as well as large families and investors. The retail mall right below the residential usually provides a range of amenities such as a huge supermarket, food court, childcare centre, public library, banks, retail and service trades with wide choices of shopping and dining options.

The public transport in Singapore, especially the MRT system plays a vital role in the daily lives of the millions of commuters throughout the island. Therefore, integrated development was created to cater the demand.

Integrated Development is a mixed development built directly over MRT station, with direct access into the MRT station to provide seamless connection between the station and the development above it.

The nearer a property is to the MRT station, the more it can ask for premium price. On average, the integrated development residential units can be worth at least 20 % more than those pure residential which are further away from MRT station.

Home owners of Integrated Development enjoy greater convenience and accessibility, it links all the way from home to shopping mall to bus interchange and MRT Station. Therefore, integrated development properties will be able to hold the better price during a downturn and show better price appreciation during a property boom. For instance, The Centris sitting on top of Jurong Point shopping mall and next to Boon Lay MRT Station, price hike more than double over a decade.

“Aside from current supply and demand of properties in the vicinity, property-seekers should also examine the future plans for an area (based on the URA development plan) property-seekers graphic trends – anticipation of the type of residents who might be attached to the area (eg. young couples, expats) – to determine the investment potential. Other factors to keep in mind are tenure, age, condition and surrounding facilities,” mentioned Kevin Seah, Senior Marketing Director of Huttons Asia.

In fact, less than 1% of developments in Singapore are known as the real integrated development. Here is the list of integrated developments in Singapore:

S/N PROJECT NAME MRT BUS MALL
1 HILLION RESIDENCES Bukit Panjang Yes Hillion Mall
2 NORTH PARK RESIDENCES Yishun Yes North Point
3 WATERTOWN Punggol Yes Watertown Point
4 BEDOK RESIDENCES Bedok Yes Bedok Mall
5 THE CENTRIS Boon Lay Yes Jurong Point
6 COMPASS HEIGHT Sengkang Yes Compass One

Watertown located next to Punggol MRT station was sold out and just obtained TOP this year (2016).

Bedok Residences was fully sold and obtained TOP last year (2015). The Centris and Compass Height, Hillion Residences and North Park Residences are the two

The 7-year-old apartment above Jurong Point, The Centris is the one which the resale units sold higher than double of its launched price. Whereas Compass Height is a 14-year-old apartment next to Sengkang MRT station and Compass One.

Hillion Residences and North Park Residences are the two latest integrated developments in Singapore. Standing on top of Bukit Panjang MRT station and

Standing on top of Bukit Panjang MRT station and Hillion Mall, Hillion Residences left one-bedroom and penthouse unit type. Target to obtain its TOP in end of 2017.

The largest integrated development in the North is definitely North Park Residences with North Point shopping mall. All one-bedroom units were fully sold. There are still 174 units balance up-to-date ranging from 2-bedroom to 5-bedroom.

From the integrated projects above, we noticed that all the commercial shops are not for sale. This is very important to have a proper management with the healthy mix of tenants.

EN BLOC SINGAPORE

EN BLOC SINGAPORE:
COLLECTION OF EN BLOC SALE LIST

ingapore property market experienced robust sales in 2017, a surge in developers’ sales volume of 10,566 units, 33% more than the 7,972 units in 2016.

The recent en bloc waves are overwhelming, therefore MAS urged developers and home buyers to be prudent.

That’s the reason when the government decided to impose the new cooling measure on 6 July 2018 to curb the potential oversupply.

Will Singapore property oversupply or bubble?

Some said oversupply issues may arise in the coming years while en bloc frenzy seems unstoppable. However, let’s take a look at the facts and history.

There is short of supply in Government Land Sales (GLS). From 28 in 2012, followed by 16 in 2013 and 13 in 2014, thereafter 8 in 2015 and 2016. It is obvious that the land supply is getting less. It was last year then URA released 10 new sites.

Therefore, there is no other option for the developers but to snap up en bloc sale to bag their land bank. Since May 2017, the land bids turned fierce and caused en bloc seems unstoppable.

Check out the list of the past, present, and upcoming En Bloc Singapore:

DATE PROJECT NAME LOCATION TENURE NO. OF UNITS DEVELOPER TRANSACTED PRICE TRANSACTED PRICE (PPR)
Jul 2018 Casa Meyford Meyer Road Freehold 76 GuocoLand $ 319.88mil $ 1,580psf
Jun 2018 Teck Guan Ville Upper East Coast Road Freehold 14 Tee Land $ 60mil $ 1,300psf
Jun 2018 Pomex Court Lor 101 Changi (Joo Chiat) Freehold 18 K16 Development $ 37.6mil $ 1,014psf
Jun 2018 Park House Orchard Boulevard Freehold 60 Shun Tak Holdings $ 375.5mil $ 2,910psf
Jun 2018 Kemaman Point Balestier Road Freehold 89 Soilbuild Group Holdings $ 143.88mil $ 1,173psf
May 2018 Villa D’Este Dalvey Road Freehold 12 KOP Limited $ 93mil $ 1,898psf
May 2018 Landmark Tower Chin Swee Rd 99 139 ZACD Holdings and Sin Soon Lee Realty $ 286mil $ 1,406psf
May 2018 China Town Plaza Craig Rd Freehold 71 Affiliate of Royal Golden Eagle $ 260mil $ 1,915psf
May 2018 Chancery Court Dunearn Rd 99 144 Far East Organization $ 401.78mil $ 1,610psf
May 2018 Peak Court Thomson Rd Freehold 20 Tuan Sing Holdings and Rich Capital $ 118.88mil $ 1,558psf
May 2018 Villa D’Este Dalvey Rd Freehold 12 KOP Ltd $ 93mil $ 1,898psf
May 2018 Balmoral Garden Balmoral Road Freehold 8 Woh Hup Group $ 83mil $ 1,750psf
Apr 2018 Dunearn Gardens Dunearn Rd Freehold 114 EL Development $ 468mil $ 1,841psf
Apr 2018 Asia Gardens Everton Road Freehold 84 Sustained Land $ 343mil $ 1,722psf
Apr 2018 Olina Lodge Holland Hill Freehold 67 Kheng Leong $ 230.9mil $ 1,712psf
Apr 2018 Katong Omega East Coast Road Freehold 18 Global Dragon Limited $ 46.31mil $ 1,193psf
Apr 2018 Tulip Garden Farrer Rd Freehold 162 Yanlord Land Group & MCL Land $ 906.9mil $ 1,790psf
Apr 2018 The Estoril Holland Rd Freehold 44 Far East $ 233.9mil $ 1,654psf
Apr 2018 Cairnhill Heights Holland Rd Freehold 19 Tiong Seng & Ocean Sky $ 72.6mil $ 2,045psf
Mar 2018 Ampas Apartment Jalan Ampas Freehold 43 Oxley Holdings $ 95mil $ 1,073psf
Mar 2018 Eunos Mansion Jalan Eunos Freehold 107 Fragrance Group $ 220mil $ 1,118psf
Mar 2018 Lotus at Jervois Jervois Rd Freehold 107 Fragrance Group $ 46.3mil $ 1,683psf
Mar 2018 Toho Mansion Holland Rd Freehold 32 Koh Brothers Group $ 120.4mil $ 1,805psf
Mar 2018 Fairhaven Sophia Rd Freehold 15 Lafe Corp $ 57mil $ 1,629psf
Mar 2018 Makeway View Makeway Avenue Freehold 154 Bukit Sembawang $ 168mil $ 1,626psf
Mar 2018 Pacific Mansion River Valley Close Freehold 288 GuocoLand, Hong Leong Group $ 980mil $ 1,987psf
Mar 2018 Katong Park Towers Arthur Road 99 117 Bukit Sembawang $ 345mil $ 1,280psf
Mar 2018 Good Luck Garden Toh Tuck Road Freehold 208 Qingjian Realty $ 610mil $ 1,100psf
Mar 2018 Eunos Mansion Jalan Eunos Freehold 107 Fragrance Group $ 220mil $ 1,118psf
Mar 2018 Hollandia Holland Road Freehold 48 Far East Organization $ 183.38mil $ 1,700psf
Feb 2018 Pearl Bank Apartments Outram Park 99 280 CapitaLand $ 728mil $ 1,515psf
Feb 2018 Brookvale Park Sunset Way 999 160 Hoi Hup Realty & Sunway Developments $ 530mil $ 932psf
Feb 2018 Cairnhill Mansions Cairnhill Road Freehold 61 Low Keng Huat $ 362mil $ 2,311psf
Feb 2018 Riviera Point Kim Yam Road Freehold 33 Maclyn Group $ 72mil $ 1,461psf
Feb 2018 City Towers Bukit Timah Road Freehold 77 Cheung Kong $ 401.9mil $ 1,847psf
Jan 2018 Park West Jalan Lempeng (Clementi) 99 432 SingHaiyi $ 840.89mil $ 850psf
Jan 2018 The Wilshire Farrer Road Freehold 20 Roxy-Pacific & Tong Eng Group $ 98.8mil $ 941psf
Jan 2018 Kismis View Lorong Kismis 99 43 Roxy-Pacific & Tong Eng Group $ 102.8mil $ 983psf
Dec 2017 Royalville Bukit Timah Road Freehold 93 Allgreen Properties $ 477.94mil $ 1,960psf
Dec 2017 Jervois Green Jervois Road Freehold 8 $ 52.9mil $ 1,601psf
Dec 2017 Parkway Mansion Amber Road Freehold 32 Sustained Land $ 146.99mil $ 1,536psf
Dec 2017 Vista Park South Buona Vista Road 99 209 Oxley $ 418mil $ 1,096psf
Dec 2017 Derby Court Derbyshire Road Freehold 20 Roxy-Pacific $ 73.88mil $ 1,390psf
Nov 2017 Casa Contendere Gilstead Road Freehold 11 Tee Land $ 72mil $ 1,638psf
Nov 2017 Mayfair Gardens Rifle Range Rd 99 124 Oxley $ 311mil $ 1,244psf
Nov 2017 How Sun Park Upper Paya Lebar Road Freehold 20 SingHaiyi $ 81.1mil $ 1,092psf
Nov 2017 Tai Wah Building Killiney Road Freehold 4 Lucrum Capital $ 84.89mil $ 2,209psf
Oct 2017 Dunearn Court Dunearn Road Freehold 12 Roxy-Pacific $ 36.3mil $ 1,371psf
Oct 2017 Amber Park Amber Gardens Freehold 200 CDL & Hong Realty $ 906.7mil $ 1,515psf
Oct 2017 Normanton Park Normanton Park 99 488 Kingsford $ 830.1mil $ 969psf
Oct 2017 Crystal Tower Ewe Boon Road (Bukit Timah) Freehold 28 Allgreen Properties $ 180.65mil $ 1,840psf
Oct 2017 Changi Garden North Upper Changi Road Freehold 72 Chip Eng Seng $ 196mil $ 888psf
Sep 2017 Nanak Mansions Meyer Road Freehold 36 UOL $ 201.1mil $ 1,429psf
Sep 2017 Jervois Gardens Jervois Road Freehold 17 SC Global $ 72mil $ 1,373psf
Sep 2017 Sun Rosier How Sun Drive (Bartley) Freehold 78 SingHaiyi & Huijiang International $ 271mil $ 1,325psf
Aug 2017 Sloane Court Hotel Balmoral Rd Freehold Tiong Seng & Ocean Sky $ 80.5mil
Aug 2017 Tampines Court Tampines St 11 99 560 Sim Lian $ 970mil $ 676psf
Jul 2017 Serangoon Ville Serangoon North Ave 1 99 244 Oxley & KSH Holdings $ 499mil $ 835psf
Jul 2017 The Albracca Meyer Road Freehold 11 Sustained Land $ 69.1mil $ 1,409psf
Jun 2017 Eunosville Sims Avenue 99 330 MCL Land $ 765.78mil $ 909psf
Jun 2017 Florence Regency Hougang Ave 2 99 336 Logan Property $ 629mil $ 842psf
May 2017 One Tree Hill Gardens Upper Bukit Timah Road Freehold 13 Lum Chang Group $ 65mil $ 1,664psf
May 2017 Goh & Goh Building Upper Bukit Timah Road Freehold BBR Holdings $ 101.5mil
May 2017 Rio Casa Hougang Ave 7 99 286 Oxley & Lian Beng $ 575mil $ 706psf
May 2016 Shunfu Ville Shunfu Road 99 358 Qingjian Realty $ 638mil $ 791psf

How long will en bloc rally end?

Let’s take a peek at what was happening 10 and 20 years ago.

In the 3 years after the Asian Financial Crisis in 1997, almost 100 en bloc sales were completed. Whereas before the Global Financial Crisis hit in 2007, almost 170 en bloc sales were dealt.

Till date, there are around 70 en bloc projects being successfully transacted since 2016. This makes the en bloc sales since 2016 seems small compared to the last two waves.

In addition, Singapore population has increased from 4.6mil in 2007 to 5.6mil in 2017, there is a positive of 100,000 people in Singapore over the 10 years period. Furthermore, most of the successful en bloc projects are freehold, which is something rare in the market nowadays.

Not forgetting that, thousands of en bloc homeowners are also looking for the home replacement. As a result, there is an increase in demand for Singapore property.

In the near term, we think there is room for optimism as this round of en bloc sales looks set to boost prices in the private housing market. The government also targets to reach 6.9million population by 2030. With the latest cooling measure in place, the developers will ensure the better products at more attractive prices. In this tiny island, it is still early to panic about property oversupply.

BEST CLUSTER HOUSE SINGAPORE

THE MOST POPULAR
8 CLUSTER HOUSE PROJECTS
IN SINGAPORE!

From Belgravia Villas to Watercove to Chancery Hill Villas,here are the new cluster house we’re excited to see in 2017 and 2018.

While the big blockbuster new condo launch season still going on, we might overlook the hot deals in cluster house.

The most recent relaunch of landed property, Victoria Park Villas and cluster house, Belgravia Villas reignited the Singapore landed property market. The developers are quite optimistic towards Singapore’s new landed property market.

From the table by EdgeProperty, Singapore take-up rate of the all Landed Residential shows the healthy scenario happening in the current sales market. With the dearth of supply of new landed property, the number of transaction has been showing positive. In conclusion, the data increases the confidence level of the buyers.

We have compiled and listed all the new cluster house projects in 2017, here’re some great ones to choose from.

Check out the list below and let us know which projects you’re keen to know more!

New Cluster House Projects (slide sideward to see full table)

S/N PROJECT NAME DISTRICT ADDRESS DEVELOPER NO. OF UNITS EXPECTED TOP
1 Belgravia Villas 28 Belgravia Drive Fairview Developments
(A Unit of Tong Eng Group)
18 Semi-D
100 Terrace
2018
2 Watercove Ville 27 Wak Hassan Drive Sembawang Estates
(Bukit Sembawang)
80 2018
2 Chancery Hill Villas 11 Chancery Hill Road Distinct Home (Chancery) Pte Ltd 14 Target end of 2017
4 Elite Residences 8 Elite Terrace TIEC Holdings
(ECG Group)
8 Terrace Just TOP
5 One Surin 19 Surin Avenue Urban Lofts 27 Terrace 2017
6 Infinium 19 Richards Avenue IG Development 14 Terrace Just TOP
7 Whitley Residences 11 Whitley Road Hoi Hup Realty 61 Semi-D Just TOP
8 Morris Residences 19 Paya Lebar Crescent Goodland Harvest 10 Terrace Just TOP

Most of the cluster houses come with two storey with a basement and an attic. To match the convenient lifestyle, the developers have built the private lift in every unit. Each unit is able to park at least 2 cars. Most of the cluster house development will provide simple facilities such as swimming pool and gym.

If you like a home which is freehold and low density, you will love cluster house development. Although most of them are not near to MRT station, nowadays it is so convenient to use Grab Car or Uber.

Generally, the transaction volume for cluster house in 2017 is positive due to strong demand and low prices.

Don’t miss out the great opportunity either in getting your dream home or investment while you can afford.

DEFERRED PAYMENT SCHEME CONDO

THE MOST IRRESISTIBLE
DEFERRED PAYMENT SCHEME CONDO
IN SINGAPORE!

Announcement

The Crest Deferred Payment Scheme Condo, new Tower 103 open for sale Now after 5 years of waiting period !

Developers are required to sell all their units within 5 years. To drive sales, they offer the deferred payment scheme for buyers to finance by selling their current home.

The property market in Singapore was softened since the peak in the year 2013. In 2016, many luxury condominiums above $2million remain unsold even after TOP obtained. However, under government ruling on developers, they are required to sell all their units within a certain period of time or face a steep penalty, Qualifying Certificates (QC) and Additional Buyers’ Stamp Duty (ABSD).

How do QC and ABSD Affect Developers?

TYPE QUALIFYING CERTIFICATES (QC) ADDITIONAL BUYERS’ STAMP DUTY (ABSD)
Type of Sites Non-Government Land Sales (GLS) Residential Sites All Residential Sites bought after and on 8 Dec 2011
Developer Foreign and/or listed Developers All Developers
Conditions to be Fulfilled • TOP in 5 years.
• 2 more years to sell all the units – or a total of seven years from the date it bought the land.
• It is not allowed to rent out unsold units.
• TOP and sell all their units in 5 years.
• There are still other detailed conditions.
Penalties • A banker’s guarantee worth 10% of the land purchase price will be forfeited.
• The banker’s guarantee is submitted during the time of purchase.
• Unsold units risk being force-sold by the Government.
• 10% of the purchase price of the site for land bought after and on 8th December 2011.
• 15% for land acquired after January 2013.
• The government will waive ABSD if they agree to build, complete and then sell all their units within a stipulated period.
• If the Housing Developer fails to comply with any of the conditions of the undertaking, then the ABSD amount shall be repaid in full with interest.

In order to avoid the penalty, many developers offer the attractive discount to buyers. Unfortunately, developers have learnt that offering discounts alone may not be good enough lure buyers in a big way.

In normal brand-new condo transaction, a buyer would pay a 20% down payment (5% in cash and 15%% in cash or CPF), pay for stamp duties within 2 weeks of exercising the option to purchase, and start paying progressively increasing instalments as their housing loan starts disbursement. A buyer would also not be able to sell their option to purchase to another buyer without incurring the Seller’s Stamp Duty (SSD).

Whereas in a deferred payment scheme (DPS) scenario, there are several different schemes in the market. Some with 20% cash to move in, some 10% and even as low as 5% down payment to move in. Then the remaining payment can be deferred for a year or two without any interest charge. There is a project is open for the possibility for their buyers to “flip” because there was a provision of “And/Or Nominee(s)” in the OTP.

That is the beauty of DPS by offering flexibilities to the buyers for fund transfer and management or even buy time to sell their current homes.

In March 2016, OUE became the first developer to roll out deferred payment scheme on top of 15% discount to move their balance units at Twin Peaks. Buyers can move into their new homes once they have exercised the option to purchase and made a small down payment. They will then have to pay the rest of the sum, usually through a loan, within one to three years, depending on the developer’s rules.

It is a win-win situation for both developer and buyer. However, the developer must obtain Certificate of Statutory Completion (CSC) and the project is de-licensed and no longer under the purview of the Controller of Housing, before they can offer such sweeteners to the buyers.

100% sold proven that this creative marketing strategy at OUE Twin Peaks and The Peak @ Cairnhill had sparked similar moves by the other developers to drive sales for unsold completed projects.

In June 2016, CapitaLand rolled out its own version of a deferred payment scheme, known as the stay-then-pay programme, at two mega projects, 1,715-unit D’Leedon and the 1,040-unit The Interlace.

Stay-then-pay programme allows Singaporeans and SPR to pay 10% within 8 weeks to exercise the option to purchase, live in the unit and pay the balance 90% a year later, whereas, for foreign buyers, the down payment is 15%. This gives buyers sufficient time to sell their current property and sort out their finances, in which case the loan required would be lesser.

Few other projects that have been on the market for some time – CapitaLand’s Sky Habitat and Interlace and Ardmore Three by Wheelock Properties also subsequently rolled out such a scheme to woo buyers.

Wheelock Properties allows their buyer to defer 80% of the price for two years with enticing discounts and rebates at Ardmore Three, with selling prices at more than $3,000psf.

In addition, rare luxury waterfront development by Keppel Land, Corals at Keppel Bay is giving $50,000 off prices for selected units. The average selling price is around $1,850psf after the discount.

Meanwhile, another similar project by Keppel Land, the Reflection at Keppel Bay is offering the first and only version of deferred payment scheme with and/or nominee to their buyers. Just 20% initial deposit all in cash, the buyers can defer the balance payment for 2 years and will enjoy rebates of $5psf after 2 years.

A new freehold condo in prime District 10, One Balmoral by Hong Leong Holdings offers a 13% discount on the prices of all units.

TG Development added a new flavour to the deferred payment scheme, namely the “Experiential Leasing Scheme” for Llyod Sixity on June 2016. The scheme gives buyers the option of leasing the property for two years before deciding to buy it.

Under the scheme, by paying a 10% down payment plus a 2.5% refundable deposit, the buyers can enjoy the experience of living in the unit first and the luxury of time to decide whether they want to buy the unit.

In early 2017, it was a challenging period to the local developer, Singapore Land (UIC) while their deadline for 10% ABSD for 3 projects was close but left with many unsold units. The projects are Alex Residences in Redhill, Pollen & Bleu on Farrer Drive and Mon Jervois on Jervois Road. Their priority is to push for completion, TOP then CSC so they can let buyers to see the final product before committing to a purchase or provide more flexible sales terms to their buyers.

In mid-2017, UIC has fully sold Pollen & Bleu by giving 15% rebates, with similar scheme offered to Mon Jervois and currently still on sale. Alex Residences obtained TOP in October 2017 and actively pushing the remaining units which are high floor 3-bedroom.

In September 2017, WingTai relaunched The Crest at Prince Charles Crescent with the best deferred payment scheme so far in the market. 5% initial deposit to move in and 5% further deposit after one year, then 90% final payment after two years.

Even with the benefit priced in, the scheme still gives good returns on investment if the buyer rents the unit out. Some buyers who defer payment may also be anticipating loan-to-value changes down the road.

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In September 2017, WingTai relaunched The Crest at Prince Charles Crescent with the best deferred payment scheme so far in the market. 5% initial deposit to move in and 5% further deposit after one year, then 90% final payment after two years.

Even with the benefit priced in, the scheme still gives good returns on investment if the buyer rents the unit out. Some buyers who defer payment may also be anticipating loan-to-value changes down the road.

Conclusion

For the second half of 2017, Singapore private condo prices rose for 1.3% after slumbering for the past 4 years.

On September 2017, Morgan Stanley has released the most bullish forecast for the Singapore housing market, expecting private home prices to increase by 2% in 2017 and rising again by another 8% in 2018, reported the Business Times.

The positive uptrend once again is proven on 18 Jan 2018. CDL has sold 18 units at New Futura on the first day of the private preview. The units were sold at an average of $3,200 psf, without offering deferred payment scheme.

The aforementioned denotes the strong demand for luxury homes. The property market hints that deferred payment scheme is not necessary to move the luxury homes sales. As a result, the existing deferred payment scheme the market will not last long.

It is always tempting to rush in when the property market is heating up. However, with the TDSR and cooling measures still play a role, I believe that the Government is monitoring the property market situation closely and will make policy adjustments if necessary.

I always urge all my buyers to remain focused on the objectives and fundamentals, not sentimental and always buy at your own means. Do sign up with us if you are looking for the available deferred payment scheme condo in the market.