New housing projects released in Singapore.

New housing projects released in Singapore.

Executive Condominiums are making a comeback after five years as the government steps in to ramp up flat supply for lower to middle- income home buyers. By the second week of October four new housing projects released for sale. The new project includes Vacanza, Lanai, Esparina residences and the canopy.

1. Vacanza@ East having 130 units and offered for sale at the rate of $1000 psf.
2. The Lanai has 11o units for sale at the price of $1290psf.
3. Esparina Residences comprises 344 units at the price of $730-$750.
4. The Canopy comprises 406 units with the highest price of $600-$700psf.On average the outcome of EC stayed much larger than Canopy.

Hundreds of applications were received by the public to buy canopies.These new launches show public interest towards buying property. The reasons might be

- Low interest rates on mortgage financing as low as 0.88%.
- Then government policies to boost real estates
- Launching new housing schemes by HDB.
- Residential sites accomplished with full facilities
- Luxury condos
- Affordable prices
- Financing available by the government for first time buyers and newly wedded couples.
- Supplicated designs and modern technology used .
- Best kind of equity
- Better and secure than bonds and capital market.

Vacanza is located near Kembangan MRT station and linked by major roads & expressway. It is free hold and developed by Hoi hup, total comprising 473 Units (7 blocks of 12 storey)
. Far East Organization sold 76 units, including a bulk deal, at a preview of Lanai project started on October 9.It is located in the Hill view area. The Lanai, condominiums are renowned for its design and craftsmanship. These condos are nestled in the lush greenery of Bukit Batok. Condos at Hill view Avenue offers all the comforts of modern living great shopping and exotic dinning. Lanai condos are famous, sophisticated and one of its style, this 214-unit development is an architectural marvel. All around you are places where you can unwind – from the Number of education institutions and School are also located near condos. It is 10-storey buildings having 214 units in six towers. The project comprises of two-, three-, and four-bedroom units. Three towers with a total of 110 units previewed for sale. The official launch will be expected next weekend.

Esparina Residences is situated at district 19 Sengkang. The executive condominium comprises of 9 towers, 18 storeys each with a total of 573 units ranging from 2 bedrooms to 4 bedrooms, and the penthouses. Total 20 units at the EC were sold weekend ago. The booking was started by 16 october.

MCC launched their first residential project known as” The Canopy”, consists of 22 penthouses. Applications were open from Saturday 9 to 13 October 2010. both EC and canopy launched for sale at the same time. The canopy is comprises both public as well as private residential buildings. The result shows more public interest in EC than canopy. MCC Land has been receiving a strong show of interest from potential buyers.

Buy Sell Rent invest In Singapore Property Real Estate

Mindy Yong

( +65 ) 91002985

Mindy@MindyYong.com

www.hotvictory.com

www.property-elite.com

Changes in Interest Rates Being Witnessed as Potential Threat to Property Rates »« 2007 or 2010; which is the peak year for Singapore luxury housing market?

2007 or 2010; which is the peak year for Singapore luxury housing market?

2007 or 2010; which is the peak year for Singapore luxury housing market?

SC Global Development Limited is renowned for the development and rental of property. Other than residential property, Sc global also deals with the provision of project management, marketing services, resort management, investment trading and investment holding. SC global indulges in business activities in Singapore and British Virgin Islands. Sc global was incorporated in1977, and from that till now working for real estate’s property. Now almost every newspaper and real estate site published news related to the selling of Cuscaden Walk penthouse at the rate of $30 million. It emerged as big hot news.

Let’s see why it becomes so hot? SC developers sold a penthouse in 2006 at the rate of $16million, and now a similar penthouse; they sold for $30 million.

- If compare the selling price, its almost double just in 3 years.
- First condo was sold in 2006 before recession and this one after recession, but there is a significant increase in prices,.
- Price increase shows real estate market strength.
- Another trend, we can easily figure out is the likeness trend toward penthouses.

Not just Singaporean but people from various other countries showing more interest towards buying penthouses. Statistics shows that; mostly penthouses or luxury condos sold on record high rates, like in One penthouse sold in 2006 for $16 million ,In late 2007 Boulevard Residence, sold at $3,933 psf, the Orchard Residences sold for $4,260 psf, the Boulevard Residence recently sold for $30 million or $4,242 per square foot, penthouse at condominium sold for $30 million or $3,432 psf. Prior to this, the most expensive penthouse in, Boulevard Vue sold in November last year for $33.4 million.

Above all transactions show buyers trend towards ultra-luxury penthouses, where luxury is everything no matter what is the price. Big investors who don’t care about the money is really attracted by Singapore. Singapore is really showing its economic strength and attracting big buyer s from all over the world to buy and live in Singapore. The economy of Singapore is really stable and that’s why buyers feel it more attractive and stable place to invest their monies. This high rising trend in real estate market shows liquidity in market. Property serves as asset’s cash value and most compatibles source of income. Property is better than bonds or capital marketing this scenario where effects of recession still last.

Few years back very rich peoples tend to live in luxury condos, but as the living standard increased not just the luxury but high priced penthouses attract big investors, and they seem very positive about the increase in their prices. After Governments cooling measures, analysists believe may be it turns down market prices but it showed only temporary down fall. The property prices are stable and progressively increasing. The reason for this increase in buying trend may be due to low interest rates. Current interest rates are as low as 0.88%-1%, giving more opportunities to buyers. Even the domestic inflation rate increased in Q1,and Q2, but market liquidity is looking strong.

Buy Sell Rent invest In Singapore Property Real Estate

Mindy Yong

( +65 ) 91002985

Mindy@MindyYong.com

www.hotvictory.com

www.property-elite.com

New housing projects released in Singapore. »« HDB New Site Tender For DBSS Housing Sites