Tag Archives: Singapore Property

First residential project in Asia made of green concrete launched

Posted on 21 May 2012 | Comments Off on First residential project in Asia made of green concrete launched

Gaia is a freehold condominium project in Singapore that is constructed from green concrete.

Amerald Land has unveiled its eco-friendly condominium project called Gaia which is constructed entirely from green concrete and complies with the Building and Construction Authority (BCA) Green Mark Platinum standards.

Launched last Friday, Amerald Land said it consulted extensively with the BCA on the various aspects of the project, from Green Mark assessment to methods of enhancing construction productivity and sustainable construction methods or materials

In addition, Dr T Tamilselvan, Senior Research Fellow from the Department of Civil Engineering, National University of Singapore, lent his expertise and experienced insights on ‘green concrete’ throughout this project.

Green concrete is increasingly recognised for its strong environmental benefits of reducing wastage and over-reliance on raw materials.

“Through raising awareness on sustainable living among the mainstream community, Amerald Land aims to influence other boutique developers and even the Housing Development Board (HDB) to follow in our footsteps of building sustainable, ecological residential projects,” said Ron Tan, head of business development at Amerald Land.

Gaia is projected to result in energy savings of S$1, 222 (US$960.61) per household per year (or 3, 995 kWh of electricity saved) and water savings of S$246 (US$193.38) per household per year (or 83, 000 liters of water saved).

Gaia comprises 28 exclusive freehold units located at 33 Jalan Dusun.

Source: PropertyReport – 21 May 2012

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What can you buy for less than S$1 million?

Posted on 21 May 2012 | Comments Off on What can you buy for less than S$1 million?

A number of private homes in Singapore are going for less than S$1 million, but their location and décor may not be on par with the pricier developments. However, these properties could end up being a good deal if they are located in an area that’s set to be rejuvenated or developed.

According to Nicholas Mak, Head of Research at SLP International Property Consultancy, about 1,249 private units of 1,000 sq ft or more were sold below S$1 million from 1 January to 4 May this year.

The figure includes new and resale private and executive condominiums (ECs).

Mak added that most sales were for 99-year resale condos sited in suburban areas. Meanwhile, freehold properties were mostly located in city fringe areas such as Geylang.

Ong Kah Seng, Director at R’ST Research, said that while homes priced below S$1 million could be found in the primary and secondary market, it is rarer in the former as the rise in land prices has forced developers to offer higher psf prices and smaller units.

New homes that are at least 1,000 sq ft and priced below S$1 million are generally located in north-eastern areas like Sengkang, Hougang and Punggol.

In the first four months of 2012, there were around 74 transactions at The Minton (pictured), a 99-year leasehold condo at Lorong Ah Soo, while 36 transactions were recorded at Riversound Residence, another leasehold condo in Sengkang.

Upcoming condo developments in Pasir Ris also saw good take-up, with 24 and 12 sales recorded at The Palette and Ripple Bay respectively.

“(These areas) are more valued propositions as the north-east promises exciting future growth while Pasir Ris is an established and refreshing resort-living area,” noted Ong.

Source : PropertyGury 21 May 2012

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