HDP new launch is not just affordable, but can be marked as “the best investment plan”
Singapore is a developed country, whose economy is increasing day to day. Property developers’ playing a major role in economy’s robust Government needs 7-8% GDP increase in this financial year. For this purpose Government has already launched many new projects to meet, not only residential requirements but also increase in GDP.
Data shows that market value is around 21% higher since 2007.As the population increasing rapidly, the housing requirement is also increasing. Buyers tend to buy flats to live in, this trend increased sales volume. Not only sales volume increases but prices are also increased.
Residential market showed sharp growth in last few months. Keeping these views in mind, the housing Development Board (HDP) launched 3,032 flats for sale. This launch can be marked as “the largest batch of flats”, in single launch. HDP choose Yishun River View site for residential flats for sale. Yishun is a suburban town of Singapore. HDP choose Yishun river view, due to its transport facility, shopping arenas, education, health facilities like;
Mass Rapid transit station (MRT), is located in Yishun town.
Bus interchange. People like this place because of its public transport facility.
Junior College. There are total 17 junior collages in all over a county and Yishun junior College is one of them.
Shopping belt. Residential flats are near city hall shopping belt, which is one of the most visited places.
Cineplex. Yishun 10 cineplex is one of the largest multiplex of Asia having 10 screens.
HDP divide their new residential flat launch in two broad categories;
• Built- To-Order (BTO), including total 12876 flats. Its price ranges $ 630-$870 for studio, and $287-$370 for 5 bedroom apartment.
• Sale Balance Flat (SBF) includes 1408 flats. Its price ranges $104000-$126000 for 2/ 3 bedroom apartment and $354000-$482000for executive condos. Executive condos having full condo facilities like Gym, Squash court, Playground, Tennis court, and 24 hour security.
Analyst’s claims that, this is the best choice for those who spend 1/4th of their salary in loan payments, because these flats are affordable, and They are also app 40% below than market value.
So it’s the best option for those also who want to buy it as a future investment Residential flats are in great demand ,so Property Gurus expecting its over subscription . Some says it may be 5-6%, others assuming over 8%, over subscription. No doubt this will be the best launched project of Singapore Government. This new launch is not only affordable but also the best future investment. Comparing its price with market value it is the best deal not only for buyers but also for developers.
This project has very good prospects for medium and large firms, developers and investors. Their confidence may have been hot by government’s decision to cool the prices, but a plethora of other factors are still favourable for such investments. Government has indeed introduced certain other schemes which are in place to keep the residential units etc. under affordable price. Government needs to draw the delicate balance between interests of the common citizens and those of investors and developers.
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