Connect with Us     

NEW LAUNCH PROPERTY - SINGAPORE PROPERTY PORTAL

Connect with Us               

Developer Sales Enquiry: 9789 8770

New Property Dream News Blog

Be Updated Daily with the New Happenings in the Property Market!
"Hit" the 'Subscribe to blog' on your right for Daily Property News Updates!

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

New property projects to test market reaction

Posted by on in Uncategorized
  • Font size: Larger Smaller
  • Hits: 36817
  • Subscribe to this entry
  • Print
This weekend's upcoming projects will be one test of market sentiment since the Monetary Authority of Singapore (MAS) announced restrictions on mortgages late last month.

One project being launched today is the 99-year leasehold Vue 8 Residence condominium in Pasir Ris Drive 3 that is marketing its sea views.

The indicative price range is $900 to $1,200 per sq ft (psf). This will be slightly lower than the $1,300 psf that similar new launches in the area have commanded, consultants said.

The 463-unit development by Capital Development and ZACD Investments consists of eight 16-storey towers. Sizes range from 474 sq ft for a one-bedroom unit to 1,701 sq ft for a five-bedroom unit.

Vue 8 Residence also includes penthouses ranging from 1,873 sq ft to 3,391 sq ft in size.

Over at Fernvale Close, City Developments' (CDL) 380-unit executive condominium (EC) called Lush Acres will open for e-applications today.

No official prices have been released yet but the project will be "competitively priced with affordability in mind", said CDL.

Units at the Topiary EC nearby sold for $677 psf to $818 psf, while units at CDL's own H2O Residences condominium sold for $897 psf to $977 psf.

Lush Acres is set in the up-and-coming area of Sengkang. It is sited near Layar LRT station and is close to amenities such as the Fernvale Point shopping mall, and Seletar Mall, which is being developed. Nearby, there is also the Seletar Aerospace Park.

Covering an area of 150,000 sq ft, Lush Acres will have four towers of up to 25 storeys. The project will have 380 units with sizes starting from 915 sq ft for a three-bedroom apartment to up to 1,722 sq ft for a five-bedroom apartment.

An unusual design feature will be the balcony entrance for some units.

E-applications will close on July 21. Bookings will be conducted on Aug 17.

The response to these projects will be a sign of buying demand after MAS imposed a total debt servicing ratio framework late last month that capped how much property buyers can borrow if they are already in debt.

Other upcoming launches expected over the next two to three months include the freehold Liv on Wilkie at Wilkie Terrace, which is being developed by Roxy-Pacific.

That is the only upcoming project in the central areas.

Another suburban project is the 99-year leasehold condominium The Glades, which is near Tanah Merah MRT Station. The developer is Keppel Land.

Credit from The Straits Times - 13 July 2013
Rate this blog entry:
0
 

 

To all Real Estate Investors and Future Property Owners,

Hello there, this is Sky Chiu, your Singapore Real Estate Advisor, welcome and thank you for reading through to my News Blog! If you would like to be updated with the Property Market Insights, Do Subscribe to my Blog or via RSS on the Top Right of this page!


With 9 years of experience in real estate business, equipped with in-depth property market and new projects knowledge and insights, i committed to give all my valued clients detailed and clearer analysis before they committed to their dream home - whether you are a first time property seller, an experienced property investor, a first time property buyer or a foreigner looking to move into Singapore.


My dedicated services cover my valued clients through the whole process - selling the property at the Highest Possible Price, finding the Right property, negotiating the for the Best Price, to making an Offer and closing the Best Deal. As your Personal Real Estate Consultant, i am here to help you in everything to make the best real estate decision in your life. Your Satisfaction is My First Priority!

 
Phone Support

 

YOUR DEDICATED PROPERTY ADVISOR

We have a group of very experienced property advisors with in-depth property market and new projects knowledge and insights to give our clients a detailed and clearer analysis before they committed to their dream home from us.

We identify our clients' needs, help them to restructure and maximise their property portfolios. We successfully advised and helped our clients on their loan restructuring and financial timeline management on their property investment.

Contact Us for An Non-Obligatory Discussion Today!

 

DIRECT DEVELOPER PRICE

Danish candy sesame snaps sugar plum candy canes sweet donut sugar plum

 

DIRECT DEVELOPER PRICE

Danish candy sesame snaps sugar plum candy canes sweet donut sugar plum

 

NO COMMISSION

Danish candy sesame snaps sugar plum candy canes sweet donut sugar plum