Tag Archives: Condominium

Where to find affordable, well-located condos

Home buyers looking for cheaper yet well-located condominium units are drawn to districts 13 and 14, which offer a central location and relatively lower prices.

In District 13, one of the most popular projects is the 868-unit Bartley Ridge . Launched in March, the 99-year leasehold condominium offers units at an average price of S$1,241 psf. Aside from the affordable price; the development is located near Bartley MRT station.

According to data from the Urban Redevelopment Authority (URA), average transacted prices at the development between December 2012 and last month stood at S$1,291 psf.

The four other projects within the district are smaller. Of these, 8@Woodleigh has the highest average asking price of S$1,627 psf.

Meanwhile, District 14’s top five popular condos comprise a mix of freehold and 99-year leasehold projects. Topping the list is Waterbank at Dakota which has an average asking price of S$1,615 psf. Offered on a 99-year lease, the 616-unit project comprises one- to three- or more bedders and is located near Dakota MRT station and the Circle Line. It also recorded the highest average transacted price of S$1,516 psf for the period from December to last month, noted the URA data.

Over at the freehold Vacanza@East, units at the 473-unit project comprise one- to three- or more bedders, with an average asking price of S$1,335 psf.

Rounding up the top five on the list are the 522-unit Simsville, the 348-unit Dakota Residences and Le Crescendo – a 228-unit condo.

Source – PropertyGuru – 4 Jul 2014

Three 11 condo sells half of its units in two hours

Three 11

Three 11

Three 11

Three 11

Freehold condominium Three 11 in Upper Thomson Road sold half of its units in two hours after its launch, according to media reports.

Knight Frank, the project’s sole marketing agent, revealed that 33 of the 65 units were sold mostly to Singaporean buyers who accounted for 80 percent of the crowd, while the rest were foreigners and permanent residents.

The 65-unit development had an average asking price of S$1,615 psf, with units costing S$844,000 for a 460 sq ft one-bedder to S$2.3 million for a 1,500 sq ft penthouse.

Yesterday, a total of 48 units, or 74 percent of the development have been sold.

“About 70 percent of the buyers have bought for owner-occupation,” said Wendy Teng, Knight Frank’s executive director for residential.

Located on the former site of Jasmine Court, the development comprises 14 penthouses, nine one-bedroom, 26 two-bedroom and 16 three-bedroom units. Three 11 was developed by Woh Hup’s unit Aurum Land which acquired the site in a collective sale in 2011 for S$43 million or S$833 psf.

Despite warnings of higher interest rates and tightening of easy liquidity, buyers still showed keen interest in the condominium.

Nicholas Mak, SLP International’s Head of Research and Consultancy, said that the selling price of some units which is lower the S$1 million mark have attracted buyers as well as its proximity to the upcoming Upper Thomson MRT station.

“Investors are still interested to acquire property located near MRT stations, or have good accessibility to public transportation,” he added.

Three 11 expects to obtain its Temporary Occupation Permit (TOP) by 2016.

Source PropGuru – 25 Jun 2013