Daintree residence Jalan Jurong Kechil, Toh Tuck Road condo by SP Setia

Daintree residence is a latest apartment positioned along Toh Tuck avenue off Lorong Kismis, higher Bukit Timah. The 99 12 months tenure mission will sit on a 18,721 square meter (201,511 rectangular toes) land that is of a rectangular formideal for growing residential devices.

The Toh Tuck street apartment site changed into the communicate of the metropolis for the duration of the release of presidency land income within the 2d region of 2016. watching for the uptrend of Singapore’s actual property marketplace, it attracted a whopping 24 land-hungry builders to participate in the bidding with Malaysian developer SP Setia emerging winner. submitting the very best bid at SGD $265 million, SP Setia global (S) Pte Ltd’s offer interprets to a Daintree house charge of land at $939 according to square foot primarily based on the most permissible gross ground vicinity (GFA) of 26,210 square meter (282,122 squaretoes).

the very best bid definitely exceeded property analyst’s expectiations of among 8 to 16 bidders and at no more than $750 psf ppr. Out of the 24 bidders, the 10th bidder Singland homes and UOL task Investments already submitted a bid of $760.threewhich is above the anticipated $750. Factoring in production valuecosts & earnings margin together with land pricesit is predicted that Daintree residence psf have to be inside the region of $1650 upwards. The runner up Singhaiyi Investments and 2nd runner up Centrex tendencies had been close in their bids at $260.2 million($922.2 psf ppr) and $250.nine million($889.three psf ppr) respectively.

Report: Average home prices in Singapore could rise by 17% over 2018-2021

Investment volumes to remain strong for Singapore, while home prices are forecast to rise.

The prospects for the Singapore property market are bright, with investment volumes to remain strong and home prices forecast to rise, revealed a 2018 Asia Pacific Property Outlook report released by Colliers International on Wednesday (10 January).

On the back of strong economic growth seen in 2017, property investment sales in the city-state are likely to remain robust this year.

There was a slew of transactions in 2017 which amounted to an estimated $40.2 billion, up 54 percent from the previous year. The majority (54 percent) were residential deals due to the strong demand for sites via public tender and the collective sale market. According to Colliers, this was the highest annual investment sale value since the 2007 property boom.

“This positive momentum should carry into 2018, with a strong start anticipated in the residential sector,” said Tricia Song, Singapore research head at Colliers International. “As at January 10, there are 11 residential collective sale tenders closing in the next five weeks, including City Towers in District 10, and four GLS (Government Land Sales) tenders due on January 30.”

The property consultancy also expects private home prices to recover further due to demand from displaced sellers of collective sale projects and the large capital gains.

“Average home prices may rise by 17 percent over 2018-2021, supported by higher GDP growth, falling physical completions and ongoing collective sale deals,” noted Colliers.

credit to propertyguru

 

Rivercove Residences by Hoi Hup. Executive Condominium at Anchorvale Lane

Rivercove Residences is a brand new EC situated in Anchorvale Lane, Sengkang of District 19. The large 226,000 square feet land is expected to house 635 residential units with communal facilities and parking space for residents. To be jointly developed by Hoi Hup Realty and Sunway Developments, the new Anchorvale lane EC is poised to attract home buyers with its unique location.

  • Layout – With reference to hoi Hup Realty’s past project launches, we can expect the practicality to be presented in Rivercove Residences EC floor plan. From a small family startup to multi generations, there will definitely be a suitable unit for everyone!
  • On top of the cheaper entry of Rivercove Residences price, there are generally a low supply of ECs especially in the next 2 years. As seen on the HDB website, Rivercove Residences EC is the only upcoming EC to be launched in 2018. Additionally, there are also no supply of ECs in the vicinity following the sell out of The Terrace EC(747 units), The Amore EC(378 units), Treasure Crest EC(504 units), The Vales EC(517 units) and Hundred Palms EC(531 units). Basically there are 0 supply in the area and this upcoming one will be the final chance for buyers who would like to reside in this location.
  • Extensive Facilities – Rivercove Residences Anchorvale Lane residents will get to enjoy a full fledged gym, 50m lap pool, bbq pit, function room, clubhouse etc.

Go right down to visit the Rivercove Residences EC showflat now!