Tag Archives: Woodlands Avenue 5

More launches expected in coming months

Posted on 9 Sep 2014 | Comments Off on More launches expected in coming months

As it was seen as an inauspicious time to buy property during the seventh lunar month, which fell in August, developers are expected to launch more private residential projects in September and October, according to experts as reported in the media.

These include Keppel Land’s Highline Residences in Tiong Bahru which was previewed in the past two weekends. The guide price for the 500-unit project stands at $2,000 psf.

To attract more customers, Keppel Land is offering concierge services to buyers, such as housekeeping and limousine services, plus membership at a golf club in Bintan.

Another major project slated to be launched is the Marina One Residences (pictured) by M+S, a joint venture between Temasek and Khazanah Nasional. The development is anticipated to be released on 13 September, with indicative prices averaging at $2,600 psf.

ERA Realty’s Key Executive Officer Eugene Lim explained the peak periods for housing sales occur after the Chinese New Year and Hungry Ghost Month. “Most developers will capitalise on this second peak window to clear as many units as they can before this year-end lull,” he added.

Meanwhile, several Executive Condominiums (ECs) are expected to come on stream after a hiatus of nearly one year.

Developers of two EC sites at Punggol’s Anchorvale Crescent and Woodlands Avenue 5 are set to unveil their projects. In fact, construction of the Woodlands Avenue condo has started and online applications will begin by end-September. Prices are expected to fall within $750 to $820 psf.

Additionally, three other ECs in Punggol and Jurong West are scheduled to debut in November. Altogether, these developments will have around 2,900 units.

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Residential investment down 37%

Posted on 16 Jan 2014 | Comments Off on 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

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