The Prime Districts of Choice for Newly Developed Condo

Throughout Singapore and amid the noticeable unweakened expansion of newly developed condo private residential stock in the city-state and the inherent extension of transport networks, many potentially new home buyers are certain where the right condo realty is. Potential home buyers in the Singapore private condo housing market are presented with vast choices beyond the Central Region in the Singapore condo market.

However, the allure of New developed condo units is in both traditional prime area and ever growing new prime districts 9, 10 and 11 remains largely ideal as most buyer’s central location. These locations with apartment buildings such as 8 Saint Thomas located at 8 St Thomas Walk, boosts a greater convenience with a vastly rich array of amenities and these districts are home to some of the most prestigious addresses in Singapore.

What does it mean for new condo unit growth?

While Singapore developers have been building these prime new condo developments for potential buyers, these home buyers has been taking the opportunity to capture newly developed condo at lower prices since there may be an increase later on. With the government imposing of the Total Debt Servicing Ratio (TDSR) ruling, this will make the transaction volumes of non-landed properties in districts 9, 10 and 11 with 3,400 units in the first eight months in 2018, ultimately translating to 283 or more units per month with growth. This will be higher than 40% in the previous years starting from the beginning of 2016, which showed an average of around 200 units per month in developed unit growth.

An assessment of what makes them prime districts

By taking the three districts 9, 10, 11 and comparing it with the newly recognised prime area of 1, 2 and 4, total transaction volume for newly developed condo for the first 2 quarters of 2017 was close to 1,900 units, which is arguably over 40% higher with comparisons to H1 2016 of nearly 1,300 units. The prices of these newly developed condo units have similarly shown that there is a stronger upturn across all prime districts around Singapore, despite districts 9, 10 and 11 presenting higher growth on a quarterly basis in all of 2017 collectively.

Does this change the clarity and confidence in new developed prime condo units in other areas around Singapore?

Throughout Singapore and set against the atmosphere of new developed condo unit investment risks and rising prices of the prime residential properties outside of desired prime locations which are key districts in Singapore, these districts are widely regarded as safe haven districts for Singapore economic growth and political fundamentals for Singapore.

With that being said; What ultimately remains on the board for both individual and developer property investors? Both will get the true transparency and comprehensiveness for upcoming new development private housing condo plans, and clearer outlook of a new property cooling measures which will be imposed by the government, also the efficiency to better actualize these development plans for the condo buildings, as these are strong measures that Singapore real estate market and government still delivers to instill due clarity and confidence in new real estate projects and prospects around Singapore.

The Best Condo Choice for Small and Large Families

Contrary to many popular disbeliefs, when you and/or your family are intending to purchase a new private home for whatever reasons, there are probably many obstacles and concerns before making any decisions that may come back to haunt you in the years down the road.

You will have to consider the proximity of all nearby educational institutions where your school-going kids will be studying or your children’s office location where they commute to work shouldn’t be too far and difficult to reach on a daily basis.

The residential neighbourhood must be in a safe district, abundance of fresh air without pollution, adequate sunlight for your wet laundry and a whole lot of recreational facilities in the vicinity. Therefore, the redeveloping project on South Buona Vista Road (Kent Ridge Hill Residences) win hands down comfortably on all aspects.

kent ridge hill residences at south buona vista road

It was a positive and strategic move when Oxley Holdings acquired Vista Park in a collective sale for $418 million. Their sister company, Oxley Spinel Private Limited will be taking over and redevelop the entire project site. This local award-winning developer has an excellent track record of constructing the most generous, durable and affordable private home in Singapore. They are using the current eco-friendly material that will reinforce the building structure that will last for many generations.

  • Benefits for children

The new Kent Ridge Hill Residences are well-connected with most of the major educational institutions in Singapore by road and the train station. Located in Pasir Panjang precinct, the main road flanks the housing estate on one side and the other side with South Buona Vista Road. Residents who will be using the train service would be glad to know that the Pasir Panjang MRT (Circle Line Extension) are within walking distance to the condominium.

Therefore, likewise for children, they will find it easy commuting to school and teenagers will be able to attend their colleges very conveniently even if they are situated in some other parts of the city state.

Recreation wise, developer did not neglect this aspect of a child’s life. For younger kids, there will be a safe and beautiful playground within the development. For older kids, there are many gardens on different themes and lawn space where they can hang-out with their friends in the evenings or during the weekends. For the fitness-conscious youngsters, there will be a jogging track laid out for them as well.

  • Benefits for adults

Even though the new Kent Ridge Hill Residences are being constructed by the edge of a hilly area, the entire housing estate is not remote at all. For the stay-at-home residents, large supermarkets, shopping areas etc. are within easy reach. For those who have to travel to work on weekdays, they too will benefit from the proximity to an excellent network of roads and railway lines.

The Top Investment Option in Upper Bukit Timah – Mayfair Collection

A luxury apartment that is strategically situated among plenty of greenery is always in great demand. So is the case with the new redevelopment project, the Mayfair Collection that is coming up on Rifle Range Road at Upper Bukit Timah. It is a classic combination of lush greenery in the surroundings and an abundance of conveniences and matured amenities.

The residential development has spacious bedroom layout that are designed to provide comfort as well as luxury to all the residents. The finest lifestyle living can be very pricey in Singapore, but the former Mayfair Gardens provide you the advantage of all benefits and at a more affordable rate. The units are designed for maximum privacy and a constant flow of fresh air around the residential area.

How will home investors benefit?

The impressive layout configuration of the condos at Mayfair Collection are both spacious and highly defined for a luxurious lifestyle living. The homes within the development are suitable for young working professionals as they are very close to the King Albert MRT station and therefore, travelling to work will be very convenient during the morning rush hour on the downtown line. The Pan-Island Expressway (PIE) and Clementi Road are also very close by for drivers.

Best of all, families with young school-going children will find the distance to their prestigious schools and colleges very convenient. Senior citizens will also be able to retire in a beautiful and well-designed development. Hence, these condominiums will be one of the top choice for investors who wish to put their homes on rent for a healthy yield.

Matured Amenities and Entertainment

The Rifle Range Road where the subject site is situated has many shopping areas nearby to boast of. Residents need not venture too far for their basic daily necessities such as groceries etc. Commercial areas like Bukit Timah Shopping Centre, Pasarbella, Giant Hypermarket are in proximity and it made the housing development completely self-sufficient. There is also a nice market where the best and freshest produce of meat, seafood and veggie that encourages a healthy lifestyle in the community.

When there is so much hype all around a potential top real estate investment option, one is naturally compelled to take advantage of the situation early. As a private property owner here, one can always find a tenant who is fitness conscious and paying a particular attention to their health being. The housing development has a vast walking area, jogging track and other activity zones. Also, the shopping malls are within a short driving distance where you could easily find branded labels, accessories, electronics and other items.

The major educational institutions in the Bukit Timah area can be reached in a very short amount of time via train or the bus services available right at your doorstep. So whether you’re occupying the apartment or are purchasing one as an investment asset, the condo unit at Mayfair Collection is definitely a very profitable proposition.

The Demand for Private Penthouse Property at Amber 45

The Demand for Private Penthouse Property at Amber 45

There’s certainly a demand for penthouses in Singapore. With new condo developments underway and the addition of penthouses to these buildings, it makes the penthouse property more desirable for the uniqueness in many aspects. The fact that people can set themselves apart from the rest of the residents of the building and afford the higher price tag of the penthouse is what makes it a competitive property for many condo buildings as well.

How big is the demand for penthouse property around Singapore?

With new condo building developments popping up all over the place, most of these new developments are including a penthouse as an option to potential buyers in the real estate market for condos. As far as the demand goes on for Singapore penthouse properties, the more desirable it is to live at the top of the newly developed condo property like Amber 45 in Katong. Because it’s the most ideal position to be, on the top of a condo building with more amenities. Although it is the highest priced property in a condo development, it’s a more in demand piece of private asset, especially for urbanites who can afford a larger price tag on their private property purchase. Penthouses have better resale rates in Singapore as compared to the condo units that are directly beneath it. However, you can still get great amenities with living in a condo unit.

The desirability of penthouse property

In Singapore, a penthouse provides you a luxurious condo living experience at the top floor of a new condo development like Amber 45 which makes it desirable in many aspects. For potential buyers, a penthouse property offers them all of the essential luxuries just like you’re buying a separate home on a separate plot, but it’s on top of a condo building with spectacular views of the sea. Singapore’s penthouses are highly desired as a luxury real estate investment because they come with the best amenities a luxury condo project in Singapore has to offer. Whilst a penthouse may not be as private as a separate detached luxury home, it’s still a private residence living at the top of a new or older developed condo building. A Singapore condo provides some of the most amazing benefits for living in the city state here, with lobby services and many more amenities that are unique and solely for penthouse living use only.

 

Are penthouses difficult to buy?

Penthouses are the most difficult property to buy because it’s the only private living space like it’s on top of the condo building that’s unique to the development and, most of the time when a new condo project are being developed, they are already bought and sold before it is fully completed. If you’re in the market for a penthouse, you have to act fast as a lot of time, they don’t even make it to the market unless the original owner is selling it. Despite the high price, a penthouse living is like dipping in your own private luxury home spa.  Penthouses are prime real estate usually located in the most prestigious areas of many different districts such as East Coast area, but the quality, size and the location of penthouse property is why it’s so difficult to purchase, because you’ll most likely miss out on buying it. So, do not miss this chance when you have it at Amber 45 by UOL Group Limited. Grab the opportunity and become one of the proud owner now!

The Opus Singapore by CDL

Are we on the consensus of Singapore being the paradise for foreign talents? Whom they thought they could demand and expect the best job with the top income bracket out there among South East Asian cities? This will certainly be the primary cause on foreign expatriates, they will most probably grab the opportunity for any job offers with hardly any second thoughts before flying over with their families. In most cases, they will take some time to settle down and to adapt to our way of living locally.

However, they will be looking for properties with easy access due to the unfamiliar territory so that it enables them to be able to travel in ease. Either to and from work in the central business district, Changi international business park or the weekly getaway for some leisure.

Ever since City Developments Limited (CDL) and Hong Realty began to market their new launch project in one of the most coveted address in our prime district 15, it attracted a lot of interest between both locals and the foreign communities alike as the location of The Opus at Amber Gardens is an unpolished gem of the east.

The Opus at Amber Gardens by City Developments and Hong Realty

The Opus condo has all the necessity that every resident requires. In terms of location, affordability price tag as well as full suites of facilities. Sitting on 16 Amber Gardens, this development indeed pampers all with the marvellous area encircling it. Who will be able to resist the temptation of residing in an upscale neighbourhood, where shopping malls are conveniently a stone’s throw away?

The Opus condo is really in close-proximity to Katong shopping mall, Parkway Parade, our east coast beach and the iconic I12 shopping mall. This upmarket shopping destinations provide all visitors who demand the latest fashion, high-tech consumer electronics and devices. Not to mention, there are fine-dining establishments for the well-heeled and residents of The Opus will certainly be able to have a wide variety of international cuisines in Singapore style.

The Opus is a freehold development in Tanjong Katong Precinct

At the end of the day, all this convenience and amenities are just part of the package. It does not form the buying decision of this 200,000 square foot site condo alone.

But all residents will definitely be able to enjoy the quality time spent with their loved ones without departing off their comfort zone within the development. All common units will be equipped with intelligent systems to facilitate the smart living environment.

In addition to that, there will also be Olympic size swimming pool, kids’ recreation area, tennis court, fitness corner, special gardens and bbq pits for everyone.

If you’re an owner of a high floor apartment unit, you will also be able to have a great panoramic view of the sea due to the strategic orientation of this plot of land.

Nevertheless, you have a wide option to choose from a single bedroom to multiple bedrooms based on your requirement as a single or family based.

Story of former Amber Park to the current The Opus Singapore

You may not be aware, CDL was the original developer for Amber Park in the 1980s. They are extremely elated to win the bid and to redevelop the site into another masterpiece. So, if you’re planning to purchase for investment or for your own stay, you will be assured of the quality.