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Latest Condo Launches | Real Estate Trend News
Upcoming Development Sceneca Residences in Singapore
Sceneca Residences is a 99 years lease private condominium development situated along 26 Tenah Merah Kechil Link, located in D16 Bedok.
Extracted from factsheet of Official Sceneca Residences Site
Who is developing Sceneca Residences?
MCC Land is in charge of leading and developing Sceneca Residences, a private condominium development located in district sixteen’s Tanah Merah Kechil GLS Site consisting of 265 units.
The condo development is going to be built in a very modern and luxurious style. It will have plenty of facilities for residents to enjoy. The units will be furnished and ready to move into upon completion.
What is the price range of Sceneca Residences?
The launch price will be approximately 1700-2000psf. The facing of the units, room types, and levels will affect the final psf price of each individual unit
When will Seneca Residences TOP?
The estimated TOP date of Sceneca Residence is 2027 on paper, subject to approvals from relevant land agencies.
Surrounding Developements – Changi East Urban District and Tuas Mega Port
Terminal 5 at Changi Airport will proceed forward, and the terminal’s reopening will be associated with the Changi East Urban District , a business district distinguished by airlines and hotels that are poised to debut soon. Also, Changi East Urban District will improve its port aspect, unlike the current Changi Business Park.
This could improve rental prospects for nearby homes. There are many condos surrounding the Tanah Merah MRT station (including the upcoming Seneca Residence) that may attract workers from this growing Changi hub; likewise for condos along the Upper Changi Road stretch.
Cost of Living and Challenges and Inflation
Speaking at the National Day Rally, Mr Lee acknowledged that the cost of living is something that is at the “top of everyone’s minds”.
The Prime Minister said the Government is “doing everything necessary” to support Singaporeans, especially middle- and lower-income families.
This includes cash payouts, rebates under the GST Voucher-U Save scheme and for service and conservancy charges, Community Development Council vouchers and MediSave top-ups.
Does this mean that the prices of Sceneca Residences will increase significantly?
The Eastern district is close to Changi airport and is home to districts 16 (Upper East Coast), 17 (The Far East), and 18 (Tampines).
The Eastern district is a fast-growing business hub and is home to international restaurants from different countries and access to outdoor activities and parks.
While we may see inflation coming into effect, the prices of valuation of East side properties will generally increase overtime due to the urban developments mentioned above. This means that there will be a higher demand for housing in the East as residents will have a convenient access to all the amenities in the city.
If you decide to buy a property in the Eastern district, it is a good idea to purchase early. This will help you to get the best deal and you can make sure that the property you are buying is suitable for your needs.
For more info: scenecaresidences-official.sg/
Lentor Modern is a 99-year lease mixed commercial-residential development located between Lentor Central and Lentor Drive (D26 Yio Chu Kang).
Led by Guocoland, Lentor Modern will be developed at the Lentor Central GLS Site consisting of 605 residential units with three high-rise blocks at 25 storeys. The new development has an estimated price of $1900 to $2300 psf.
Taken from https://lentormodernshowflat.sg/
The site is situated just doorstep to Lentor MRT and Hillock Park, and is part of the Lentor Hills estate.
The location of the site is excellent as it is just a stone throw away from Lentor MRT and Hillock Park. There is a shopping mall and supermarket nearby. The area is very well connected to other parts of Singapore. It is easy for people to access the area. The site is currently a vacant lot. The developer is looking to redevelop the site as soon as possible.
Popularity of Mixed-Developments in Singapore
Singapore’s mixed-use developments are growing rapidly and will continue to do so. The demand for high quality residential housing coupled with the demand for office space is driving the development of these new integrated mixed developments.
The development of mixed-use developments in Singapore has become a major trend. The popularity of these developments has seen a rise in recent years. Some of the famous mixed-use developments include Marina Square, East Coast Parkway and Suntec City.
Mixed-use developments provide an attractive alternative to high-rise housing complexes. These types of developments have a mix of residential housing and commercial facilities.
The popularity of these developments is because of the way they integrate commercial and residential space into one. The integration of commercial space into residential developments is a great way to increase the appeal of these types of developments since it provides extreme convenience allowing the residents to enjoy benefits of a ‘heartland’ at a one-stop location.
Another benefit of mixed-use developments is that they are environmentally friendly. These developments create less carbon emissions.
Demand for property in Singapore
One of the reasons why Singapore is becoming so popular is because of the demand for high quality residential housing as well as rising property investments. High-rise housing projects are becoming more common. This is because the demand for high-quality housing is rising. A lot of people like living in high-rise housing complexes because of the convenience that they provide.
Not only that, the government of Singapore is providing financial incentives to developers to encourage them to develop more of these types of projects.
Start your tour of Lentor Modern
The above article talks about the upcoming launch called “Lentor Modern”. The developer is looking to build a luxury integrated-development condominium in Singapore. The development is expected to be completed by the end of 2026. The property is expected to be worth a profitable valuation.
Read more from developer site: https://lentormodernshowflat.sg/
Where is Amber Park in Singapore found?
Amber Park actual location is 14 Amber Gardens, in Singapore. The property’s postal code is 439960, and its workplaces’ working hours are from 9 am to 8 pm.
Amber Park is a Freehold rent private townhouse advancement, which is arranged along the Amber Road, and leads straightforwardly to the Tanjong Katong Road. Amber Park has a perspective on the ocean and Coast Park, consequently why it is very simple to find.
The site’s perspectives likewise incorporate heavenly perspectives not too far off every day, is secure and encircled by a lot of engaging fascination. It is only 200 meters from the Tanjong Kiting MRT Station, which gives a methods for available transportation on the doorstep of the Amber Park property.
The freehold improvement is likewise inside strolling distance to MRT, is generally, a fantastic spot to live or to rent to different occupants and may fill in as a solid resource for the future, especially due to its area.
Tanjong Katong MRT is just 3 minutes from the private turn of events and will give direct admittance to the Marina continuously 2023, consequently one more motivation behind why this improvement is viewed as a mind blowing contribute, particularly for what’s to come.
Where do I discover the floor plans of Amber Park in Singapore?
Amber Park is a Freehold rent private townhouse improvement that is arranged close by Amber Road. Amber Park is a private improvement that prompts Tanjong Katong Road and is together possessed CDL and Hong Realty.
The private advancement offers stunning lodging choices to inhabitants living in Singapore who might either want to buy a home for themselves or put resources into a home for others to rent.
The improvement offers fantastic highlights, for example, perspectives on the ocean and East Coast Park. It is additionally arranged just 200 meters from the Tanjong Katong MRT Station, offering considerably more accommodation to occupants.
Amber Park’s design and Condominium site have a double view advantage. To access a rich condo, you should act quick, as there are restricted accessible. There are likewise no extra structures accessible after the Chinese Swimming Club.
For more data on Amber Park and to survey floor plans, you can reach them on their site, Amber Park, or register for an early review on the web. Amber Park floor plans range from one-room lofts and that’s just the beginning.
Upon enlistment, clients will be educated about new floor plans being delivered on the site.
Where is the new Affinity at Serangoon located?
Affinity at Serangoon in Singapore is a private townhouse advancement that offers an extravagance experience to its inhabitant and fills in as a staggering venture for each one of the individuals who are keen on putting resources into it.
Affinity at Serangoon is located off the Major Road – Ang Mo Kio Avenue 3, Yio Chu Kang Road.
Affinity at Serangoon is located in an exceptionally mainstream and popularity territory, and is just 2 minutes from CTE, a little ways from Hougang Avenue 3, 4 minutes from the Upper Serangoon Road, inside a 15-minute transport ride from the 3 MRT Stations, which incorporate Hougang MRT, Serangoon Interchange MRT, and AMK MRT.
Affinity at Serangoon additionally has public vehicle, which is very much associated with various pieces of the island. Aside from transport, one can likewise go for a 4-minute stroll to Serangoon North MRT Station, which will be situated on the impending Cross Island Line.
There are numerous significant centers near the Affinity at Serangoon, which incorporates the AMK Industrial Park, the Seletar Aerospace Park, the Bidadari Rejuvenation, just as a wide range of educational offices and schools. The NEX strip mall can likewise be discovered close by.
What is the value estimate of Affinity at Serangoon in Singapore?
Affinity at Serangoon is set to be an extremely popular private turn of events. A couple of reasons, along these lines, is a direct result of its location, which is at Serangoon North Avenue 1.
The land will sit on 296,913 square feet of land, and altogether, involve 1015 units. It is simply a 15 to 20-minute drive to the focal business region and Orchard Road, which is additionally associated with enormous turnpikes.
Furthermore, it is additionally near junior and secondary schools, for the accommodation of families. Other than its broad scope of civilities, its unfathomable perspectives, the advancement is additionally extremely lavish.
Up to this point, value offering has been made on the apartment suites, yet no official evaluating has been given at this point.
The price tag for Affinity at Serangoon’s territory rate is near S$835 per square foot/plot ratio (PSF PPR). There is moreover, additionally a standard scope of costs included, which are barred from the rate per square foot/plot ratio.
This incorporates development, promoting, and legitimate expenses, just as net revenues.
Dispatch costs for units have been talked about and will be anyplace somewhere in the range of 1600 and 1900psf. These costs are liable to change.
Reference: https://affinityatserangoonville.sg/Read More
Virtually all sectors of the economy have been ravaged by the novel COVID-19 pandemic, but the real estate industry may have been the worst-hit.
Truly, the world has been taken aback and is in a standstill because of the COVID-19 virus. Meanwhile, the counting is ongoing in countries and virtually all countries in the world have a recorded case. It has taken a toll on the world economy, as businesses including the real estate industry have been crippled. However, with countries on the course of relaxing total lockdown, it is imperative to find out some important information about real estate investment during the pandemic.
1. Firstly, the stocks market has recorded a fall by over 1000 points. However, few real estate developers are still in business.
For instance, The Avenir condo earlier closed their showrooms till early June. Meanwhile, they have opened it but are only operating virtually. Information kits, tours of the condominium, and booking of visits are done online. Investors who wish to visit the showroom physically must adhere to the prescribed precautions. More so, Avenir developers have implemented strict social distancing and crowd control.
Learn more: https://theavenircondo.sg
2. Negative impacts on commerce
Commercial Real Estate has been slammed by the pandemic. It all started in Asia, and the impact is widely spread in big cities of the Asian continent. People are locking up their shops and malls and everyone has retraced to their homes.
3. Workers in retail shops have been laid off while some are placed on temporary retrenchment.
People are no longer allowed to spend time in Hotels and restaurants, but some restaurants now resort to delivering their meals directly at the doorsteps of their customers. However, travel bans are still in place, the towns and tourists places are isolated. More so, companies are not offering sales. This has forced them to refuse to pay their workers, as they are trying to figure out how they will pay their rents.
4. Businesses are seeking for rent waiver
Owners of business enterprises are soliciting for real estate brokers to waive their rents. Certainly, their business needs support and they are looking out for rent relief packages. Restaurant owners association in Singapore has already solicited the landlords of restaurants and shopping malls to cut down the rents for the next three months by 50%. The market is becoming messier and it is becoming more difficult to achieve sales. Meanwhile, some business owners have been lucky to be given flexible rent packages and marketing assistance.
5. Residential real estate has been affected
A lot of people believe that the pandemic has no effect on residential real estate. Meanwhile, the effects are massive because people are afraid of investing in the residential sector of real estate. People are uncertain about the future and the trend in the economy. The number of home buyers has reduced; this is not strange owing to the fear that comes with the pandemic.
6. More so, the real estate economy has been greatly brutalized by this surge.
Everyone is pinned to their homes and investors are worried over what to do to save the alarming situation. Taking a peep into the surge, it is glaring that owners of real estate properties have been affected. Malls, shops, churches, hotels, mosques are empty!
7. Opportunities are usually created in the midst of uncertainties.
Already, a plethora of real estate agents is rushing to include their properties in the market list knowing that rents will definitely expire. People with existing mortgages are likely to achieve the refinancing of their loans while also negotiating to get the best mortgaging deals.
8. In the meantime, a plethora of business owners are struggling to remain in business.
In Singapore, some restaurants and malls are trying to open up and operate on a low key despite the pandemic. The number of buyers is extremely low. They have lost a lot, but they strive to recoup theirs loses by harnessing various channels for their product delivery. A lot of business owners are leveraging on social media marketing. Some restaurants have forged relationships with hospitals, Nurses and doctors. They have started supplying food directly to patients and health workers. At the moment, there is massive uncertainty in the rent industry as shop owners are struggling to save enough amount of money to renew their rents.
9. It would be best if estate investors used strategies that provide the highest dividends.
It is pertinent to note that in real estate, profits are accrued when a property is purchased. Going memory lane, it is true that people sell off their properties at cheap rates during times of distress and fear. You should be on the lookout to buy prudently during this pandemic. Try and review the deals that were too expensive in the past, as there might be an opportunity for you to buy at your desired rate during the pandemic. The pricing cycles are going down, so you should identify such assets and invest.
10. The COVID-19 pandemic has reaffirmed that no one can really predict the direction of the real estate market.
Uncertainties such as the pandemic can stifle the industry. At this juncture, the whole world is still waiting for a vaccine. Investors in real estate, buyers and sellers are waiting eagerly for the cure before resuming business. No one is pessimistic here, but everyone should be prepared for the worst. The recession is gathering momentum and assets could easily become liabilities during this pandemic.Read More