Tag Archives: Anchorvale Crescent

Residential investment down 37%

Residential investments in Singapore for 2013 declined by around 37 percent year-on-year to S$6.4 billion, on the back of fewer transactions for Government Land Sales (GLS) sites and tepid activity in the collective sales market, said a report from DTZ.

Only two private residential GLS sites at Upper Serangoon View were sold in Q4 2013 at S$460.4 million, bringing overall investment activity in the residential sector to S$500.0 million, or the lowest quarterly level since Q2 2009.

Meanwhile, investment activities continue to be dominated by local investors, although foreign investments soared by more than 30 percent year-on-year in 2013 to reach S$4.1 billion.

The majority of foreign investors were from Asia, with Chinese investors tripling their total investment in Singaporean properties. Notably, some Chinese developers were active in GLS tenders for executive condominium (EC) and private residential sites.

Specifically, Chinese developers acquired several private residential sites: the two sites at Upper Serangoon View were awarded to Kingsford Development, a site at Tampines Avenue 10 was sold to MCC Land (Singapore), while two EC sites at Woodlands Avenue 5/Woodlands Avenue 6 and Anchorvale Crescent were won by Qingjian Realty (South Pacific) Group.

Going forward, market activity is expected to moderate this year due to a variety of factors, said Lee Lay Keng, DTZ’s Head of Singapore Research.

“While the near-term impact is not likely to be significant, the tapering of bond purchases by the US Federal Reserve could see investors seeking higher returns from their property investments in Singapore so property deals could take longer to be completed or investors could divert funds to other countries where they can get a higher return.”

“Residential investments are also likely to fall further given that collective sales continue to be difficult and there are fewer residential sites on the H1 2014 GLS programme,” she added.

Source : PropertyGuru –  2014 Jan 16

Government to release four residential sites

Government to release four residential sites estimated to yield 1,800 housing units in April 2013.

To provide developers and home-buyers with more choices in private housing, the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) will be releasing four residential sites for sale in April 2013 under the Government Land Sales Programme for 1st half 2013. These four sites can collectively yield about 1,800 residential units.

One Executive Condominium site at Anchorvale Crescent and two residential sites at Fernvale Close and Faber Walk are launched for sale today under the Confirmed List. The fourth site, an Executive Condominium site at Punggol Central, will be launched on 29 April 2013 under the Confirmed List.

The tender for the Punggol Central site will close on the same day as two other Executive Condominium sites at Punggol Drive and Yuan Ching Road – 30 July 2013. The latter two sites will be launched for sale in June 2013. The move to close the tenders on the same day is being initiated in response to feedback from the public and real estate industry that this could help moderate tender bids and, in turn, future property prices. The sites were chosen on the basis that all three are meant for Executive Condominium developments and slated for launch during the second quarter of this year.

Land Parcel at Anchorvale Crescent
The site is located in close proximity to Farmway LRT station and Tampines Expressway (TPE). It is also near Sungei Punggol, Sengkang Riverside Park, Sengkang Floating Wetland and Sengkang Sports & Recreation Centre.

Land Parcel at Faber Walk
Situated within an established residential estate, the 1.5 ha land parcel has direct access to the Ulu Pandan Park Connector, and is also near the commercial amenities at Jurong such as IMM, JCube, and the upcoming JEM and Westgate.

Land Parcel at Fernvale Close
The site is located in close proximity to Layar LRT station and has frontage to Sungei Punggol and the nearby facilities and amenities like Sengkang Riverside Park, Sengkang Floating Wetland and Sengkang Sports & Recreation Centre. The upcoming Seletar Mall is also located within walking distance.

Land Parcel at Punggol Central/Edgedale Plains
The site is located in close proximity to Oasis LRT station and Tampines Expressway (TPE). Amenities and facilities in Punggol town include the award-winning My Waterway @ Punggol, the Punggol Promenade and commercial malls such as Punggol Plaza and the upcoming Waterway Point.