2016 has been an exciting year for Property Buyers as many had found very good properties that worth investing. With so many property measures in place, Property Buyers had to be selective in their purchase because for most of them, the ABSD had increased their capital needed to invest in a property. Therefore most of the Buyers can only afford another 1 or 2 properties. Not forgetting once they have purchased a property, they would have to tie down for 5 years before they can sell their property, otherwise they would have to pay a hefty sum for Seller Stamp Duty ranging from 4% to 16%. If you made a wrong choice, the mistake could be very painful. That is reason why nowadays everyone are being careful when comes to investing in properties.
But do you know the number of transactions have increased along the years since 2014? Total number of transaction of new sale, sub sale and resale property were 12,998 units in 2014 but in 2015 the total units sold were 16,007 and it doesn’t stop there. In 2016 the total number of transaction were 18,829!
Looking at the chart below, you can clearly see that the number of transactions had increased throughout the years although the price had dipped. What does these means? It shows that the ABSD and TDSR have taken effect. It is more difficult to buy a second or more property for investment thus forcing Developers and serious sellers to price their property lower so as to the purchaser’s initial capital. However Singapore’s economy is strong in South East Asia makes it a property haven for real estate investors. The demand is still strong, as buyers got over the shock from the property measures, accepting the fact they may have to cough out more cash to buy a second or third properties. They are more ready to make the move to pen down the purchase when they come across a good deal like the High Park Residences launched in July 2015 and recently the spike in new EC sales when The Treasure Quest EC launched in July 2016. Not only that, Forest Woods and The Alps Residences shown good results when they sold more than 70% during the first weekend when they launched.
So when is a good time to buy a property? The answer will be now! The property prices have established along the years and the trend has more or less gone sideways. Many experts had suggested the market may have bottomed. It will be a good time to start looking or buying as there are some development in exceptional good location by reputable developers coming up this year. And the best time to buy in a development is during their Preview Launch. Where you will find the best deals offered to per-registered buyers.
2017 will be a good time to start shopping because just in the first quarter, there are already 5 very exciting developments launching soon which you will find something that suits almost every buyer, life style and budget. If you are wondering how can you afford an EC or condominium. Feel free to contact us by filing up the Contact-us form or call +65 81334933 for Free Non-Obligated Consultation, Free-Financial Calculation, Free Portfolio Planning or just merely visiting the Showflat.
If you need more facts and figures, please click on our blog below
Grandeur Park Residences
Right Next to Tanah Merah (EW4) MRT Station
By CEL Development Pte Ltd
As implied in its name, the design concept of Grandeur Park Residences revolves around the notion of elegance and splendour in which the entire journey through the development is focused on providing residents the experience of luxury.
This development sets itself apart from the rest through its emphasis on the elements of health of the BODY, MIND SOUL; which are manifested through the types of facilities incorporated into the landscape. The tower blocks are strategically located towards the periphery of the site in order to create a large central landscape space which residents can enjoy with a sense of belonging, akin to the identity of a premium club member.
- Address: 27 New Upper Changi Road/Bedok South Avenue 3
- District: 16
- Tenure: 99 Years
- Developer: CEL Development Pte Ltd
- No of Units: 720 units
- Commercial Space: 2 Shops and Child Care Centre
- Unit Mix: 1 Br, 1 Br + Study, 2 Br, 3 Br, 4 Br and 5 Br
- Expected TOP: Q1 2021
- Tentatively Preview Schedule: 18th Feb 2017
For more information about Grandeur Park Residences just click on the following link
The Clement Canopy
Timeless ● Coveted ● Curated
A Living Breathing Home Eco-living In The Sky
Nature Inspired Development With Lush Gardenscapes And Water Feature
By UOL Venture Investments and Singland Homes
Nature has the ability to bring us back to ourselves. In nature, we relax. The Clement Canopy is a home within nature. The landscape lets home-dwellers discover nature’s facets. Light and Shadow. Day and Night. Water and Earth. Here, human and nature live side by side.
Located in Clementi Avenue 1, it is not only close to nature it is also located right at the centre of the city and also near to Potential 2nd CBD in Jurong. Just one MRT Station away to Jurong East allows you to close enough without having to pay a high price. It is also within radius of good school institutions making The Clement Canopy a good candidate for a promising returns.
- Address: Clementi Avenue 1
- District: 05
- Tenure: 99 years
- Developer: UOL Venture Investments and Singland Homes
- No. of Units: 505 Units
- Unit Mix: 2 Br, 3 Br, 3 Br + Guest and 4 Br
- Expected TOP: Q4 2020
- Tentative Preview Date: Feb 2017
For more information about The Clement Canopy just click on the following link
Your Dream Home By The Sea
By Frasers Centrepoint
Seaside Residences is located at Siglap Road in District 15 just beside East Coast Park. Which is also just 3 mins walk to the future Siglap MRT Station! Surrounded by amenities like 112 Katong Mall, Parkway Parade, Famous Hawker Center in Marine Central, and many educational institutes makes it a perfect home for anyone. For some, it may be a Dream Comes Through!
- Address: Siglap Link
- District: 15
- Tenure: 99 years
- Developer: Joint Development of Frasers Centrepoint, Sekisui House and KH Capital (Kheng Hong Holdings)
- No. of Units: 843 Units
- No. of Storey: 27 Storey
- Unit Mix: 1 Br, 2 Br, 3 Br, 4 Br, 5 Br, Penthouse and Cluster House
- Expected TOP: Tentatively 2021
- Tentative Preview Date: End March to April 2017
For more information about Seaside Residences just click on the following link
Park Place Residences @ PLQ
Park Place Residences being the residential condominium at Paya Lebar Quater is definitely one of the highlight in 2017. Paya Lebar Quater being a massive $3.2 billion mixed development will set to transform the area right next to Paya Lebar MRT Station.
The mega project, Paya Lebar Quater, comprising office space, shops and private housing, will be spread across seven buildings on land the size of eight football fields!
Lendlease said – The urban-regeneration project, to be connected to Paya Lebar MRT Interchange station, will transform the area into a “vibrant, pedestrian-friendly city precinct”
- Address: Paya Lebar Road
- District: 14
- Tenure: 99 years Leasehold
- Developer: Lend Lease & Abu Dhabi Authority
- No. of Units: 429 Units
- No. of Storey: 13/14 Storey
- Unit Mix: 1 Br, 2 Br and 3 Br
- Expected TOP: Tentatively 2019
- Tentative Preview Date: Feburary to March 2017
For more information about Park Place Residences just click on the following link
Another Innovative SMART LIVING Executive Condominium @ CCK Ave 5
By Qingjian Realty Pte Ltd
Executive Condominium is the best real estate product in Singapore provided you are qualify to buy one. Pricing about 20 to 30% lower than neighboring private condominium makes it easier for middle-class Singaporeans to reach out to private condominium status and lifestyle. After 10 years, the EC will convert to a private condominium status and match its price in the process makes it an obvious choice to buy an EC. But you might asked, if EC is such a great product, why is there still available units in the market now? Ahh, the catch is there are requirements to buy an EC. Firstly, it is only available to Singaporeans with income not more than $14,000 per month. That’s not all. You will need to fulfill the requirement of both TDSR and MSR when you are getting your loan! What it means is you are only allowed to use 30% of your household monthly income of not more than $14,000 to finance the loan, provided that the new installment and your current liability doesn’t exceed 60% of your household income?
Feeling confused? You can know more about EC at www.DirectSGEC.com or call 81334933 to have a free consultation. No-obligation, no stress, professional service.
Now it is time to talk about INZ Residence. It is located in Choa Chu Kang Avenue 5 and probably the last plot near to Choa Chu Kang MRT Station. It is also located right next to Tengah Forest Town which URA announce it to be Singapore’s newest and largest, sustainable town! Best of you are able to be part of the Jurong Lake District Transformation which is our 2nd CBD in Singapore! The West the new exciting place to stay now!
- Address: Choa Chu Kang Avenue 5
- District: 23
- Tenure: 99 years Leasehold
- Developer: Qingjian Realty (Choa Chu Kang) Pte Ltd
- No. of Units: 497 Units
- No. of Storey: 15/16 Storey
- Unit Mix: 2 Br, 3 Br, 4 Br and 5 Br
- Expected TOP: 23rd Aug 2019
- Tentative E-app Date: 24th of February 2017
For more information about iNz Residence just click on the following link