A Grand Opening For The Swanky New NV Residences
A Grand Opening For The Swanky New NV Residences
The opening of NV Residences, the newest and most hi-tech, luxurious condominium apartments was a much anticipated event which lived up to its expectations in every way possible.
The NV Residences became the centre of entertainment in Singapore as crowds turned up desperate to be the first to stay in the hip new condos.
Even the wintery weather conditions did not put the crowds off. Queuing in the rain with cheques for large sums of money and an eager desire to see inside the beautifully constructed condos, revellers were full of bright spirits, despite the downpour.
With the devastating state of the financial market finally picking up and the world slowly pulling itself out of the slump. The huge interest left only 40 condos out of a total of 200 still available in the previewing session. There is no doubt that the additional apartment units will be snapped up too.
The NV Residences does not simply offer a home. It offers an ultra hip, trendy and modern home. Based in Pasir Ris Grove, it is one of the most stylish condominium providers in the East. With a beautiful waterfront view and easy access to the city, many of the Singapore elites want to live here.
Not to be outdone by any other apartment block in the East, NV Residences offers a range of facilities to its residents, including Jacuzzis, gym, saunas and tennis courts.
In addition to the interested buyers were the many investors looking to purchase a property to let. This angered some of the potential buyers, claiming that this would lower the tone of the condos due to rented property not being cared for.
At the cost of approximately $500,000 for an apartment, it has been queried whether the investors will receive a payout on these condos. The recession is not increasing the buyer levels of housing and the prices of the condos at the NV residences will not encourage the community to rent at such extreme prices.
One new resident claimed that he was forced to lower his expectations due to the very high cash requirement when signing up for a condo. He had hoped to go for the top price apartments, however, had to lower this to a smaller flat so as to be able to provide the handover cash required.
The success of the NV Residences may have given other property developers the confidence to go ahead with their projects claims some of the professionals linked to this field. The credit crunch has made developers reluctant to put their plans into action, however, now that they have witnessed the success of NV Residences, more and more luxurious properties will be popping up in the East in the near future.
While the concerns for the housing market remains, the interest and new ownership of both residents of Singapore and investors is proving much more active than anticipated, leaving the owners of NV Residences with a great, smug smile!
Buy Sell Rent invest In Singapore Property Real Estate
Mindy Yong
( +65 ) 91002985
Mindy@MindyYong.com
www.hotvictory.com
www.property-elite.com
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