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The Tapestry Located Near to Tampines Avenue 10

The Tapestry Condo is actually a 99 years old leasehold private development, which is owned by City Developments Limited of Singapore, commonly known as CDL. There was a bidding war for the plot at Tampines Avenue 10, between 9 bidders, and the top bid was accepted for 370.1 Singapore Dollars. This top bid was made by CDL themselves.

The main motive for the highest bid was to allow CDL to build around 800 residential units in the same plot of land, at Tampines. This land is located very near to the Bedok Reservoir, and also to the Temasek Polytechnic college as well. This will help the residents get the most benefits out of their investments, as various analysts are saying that the property market is still very much lively. Therefore, without further ado, let’s go through some of the biggest reasons why you should plan to invest in The Tapestry …

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1192 psf ppr Price Secured for Kampong Java Road site

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The recent bid price for the Kampong Java Road site next to Newton MRT Station has surprised analyst a bit with the low bid price that was secured for the plot of land. Despite the location being next to Newton MRT Station as well as near to Newton Food Centre, the top bid of $1,192psf ppr was secured by CELH Development which is a unit of Chip Eng Seng and CEL Development. The low bid of 1192psf ppr was in sharp contrast to the bid price that was secured in Fourth Avenue Residences by Allgreen Properties which was $1,540 psf ppr as well as $1,733 psf ppr paid by Frasers Property for the Jiak Kim Street site in Dec 2017.

Top Bid of $1,192psf ppr secured for Kampong

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Minimum Size Observed for New Developments in Core City Centre

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Some years back, URA introduced rules regarding the maximum unit size for private development other than landing outside the central region to mitigate the excessive growth of shoebox units. The maximum unit size of housing units was deducted by dividing the total area of the proposed structure by 70 square meters.

Four areas, namely Joo Chiat Kovan, Telok Kurau, and Jalan Eunos, were subject to increasingly stringent requirements to reduce local infrastructure, and the proposed GFA division of 100 square meters deduced the concern arising from the new developments. From this moment, URA continued to verify the distribution of unit sizes in each event to meet different needs, as well as the number of new developments in specific areas that could cause tremendous pressure on local infrastructure. We …

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District 9 Core City Centre Location in Orchard

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District 9 is part of Singapore, where contestants live well in quality apartments and luxuriously. The district has separate neighborhoods, each with its characteristics. In this sense, if you are only interested in the characteristics of each of the District 9 communities, this rapid activity will certainly cause a sensation. District 9 is considered a core city centre location in Orchard and therefore it is one of most highly sought after development in Singapore. The latest development in District 9 will be Kopar at Newton near to Newton MRT Station.

Claymore

Claymore is a very respectable district, near the heart of the Orchard Road shopping district. The Claymore district also offers easy access to the new Claymore Connect Mall and the Forum Mall. The latter has a place for …

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Oei Tiong Ham Park GCB Prime Real Estate Sold

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GCB has overseen another future project to be completed soon. The Oei Tiong Ham project has been approved by local regulatory authorities as of lately. The Oei Tiong Ham Park Gcb move is hailed by a lot of leaders in real estate. It opens up some serious financial possibilities for the location. The property sits on about 15,000 square feet of total real estate. Of that total, around 6000 square feet will be apartment flooring. That is a good chunk of space and will provide great new flats for tenants. Get updated on the Oei Tiong Ham Park Gcb move as soon as possible.

The property is situated just minutes away from Orchard Road, which is a main thoroughfare. The property accessibility will be a vital selling point …

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Latest Government Land Sales Programme in 2019

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During the second half of 2019, the government decided to report the government’s land sales program to the general public. The program includes about five established list sites and eight quiet, reserved sites. As shown in the report, the sites can produce around 6,430 units made for private homes covering 92,000 square meters and 1,100 houses. The confirmed list has many amenities, including an executive apartment and private residential areas that can accommodate approximately 1715 units.

An offer of 44,000 private housing units is being prepared. That includes approximately 39,000 ready units of GLS and 5,000 units awaiting approval. Also, there are about 24,000 existing private housing units that remain empty. The latest government land sales programme also see many new sites for sale including the core …

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Novena Medical Centre

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Novena Medical Centre is an integrated development of Singapore’s health strategy, with care and community taking a central role. The owner plans to shape Singapore’s future through Novena Medical Centre. With integrated and supportive urban development, Novena Medical Centre will unify many vital and distinctive features. These will reach previous medical care to include a comprehensive ecological framework that encompasses all departments of health, research and education, business, relaxation, and open spaces, achieving the goal of building a place where healthy living is central.

Novena Medical Centre was built for some time as a therapeutic area for the central region of Singapore. His legacy of medical care began more than a century ago with the flourishing of Tan Tok Seng Hospital in 1909. Lee Hong Qian Medical College …

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Wing on Life Garden Sold for Hefty Profit at City Centre

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A unite of Wing On Life Garden earned the seller %2.5 million gain over the week of 29th Oct to 5th Nov. The 10th floor 3,498 sq ft unit was bought for $3.6 million in Sept 2006 and sold on 5th Nov for $6.1 which translates to $1,744 psf. The seller made a 4% annual profit over the past 13 years translating to 69% total gain.

The freehold condo completed in 1982 is located in prime District 10 along Bukit Timah Road. The 28 storied building has 81 units and was developed by The Wing On Investment Co, an affiliate of Wing On Group in Hong Kong. The exceptional development is about 10 minutes’ walk to Stevens and 14 minutes’ walk to MRT Stations. It is next to …

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Barracks Hotel Sentosa to Open in December

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Do you know that the popular international hospitality owner will be opening its third hotel soon? The highly regarded hotel has been named The Barracks Hotel. There is no doubt that the Far East operator is very keen to see a gradual rise in hospitality. It is good to keep in mind that the recent launch of its flagship mainly targets families. You might have heard that the 193-key Outpost Hotel has been developed to cater for adults. This means that you will have full freedom to enjoy with your lover.

Are you aware that the recently refurbished five-star hotel takes up about six conserved heritage buildings? What is it made up of? It comprises of a well-planned British military outpost that was constructed in 1904. There are plans …

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Hongkong Real Estate Prices Remain Resilient

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Despite the recent turmoil in Hongkong, real estate prices seems to be resilient in the recent wake of events despite the protest that has been ongoing for months now. Speculation for real estate in the city state continue to climb and any discounts given by the real estate developers were quickly taken up and analyst note that the demand for real estate remain robust and is more likely to continue with demand being seen from young couples who are looking to buy their first home in the city state.

Although transactions have fallen a bit, analyst are not worries as recent developer sales sees good take up rate as banks partner with real estate property developers to provide discounts and lower than average mortgages to boast the demand for …