Latest Update
Get
ready for more New Launches
All customers, get ready yourself, a lot more new launches coming up. Grab the
opportunity to get yourself a property. Launches at many more location coming soon.
Grab now before development charge increase. Click on
the above to register yourself to get more updates of these upcoming projects.
District 1 to 8 Updates
Spottiswoode 18, former Dragon Mansion
One of the best plot of land in District 2
Spottiswoode, Spottiswoode 18 an iconic 45 Storey development. Limited
units available now. Call us soon before all units are sold.
Ascentia Sky @ Alexandra - Must See
All looking for a Good Project, here we
have Ascentia Sky. This must see project is a 45 storey majestic
development with outstanding view. Good size 3, 4 bedrooms & Penthouses
still available. Comes with interest Absorption and Stamp duty
absorption. Call now to enquire.
Lumiere at Shenton way just TOP
Looking for a TOP project with good
investment returns? Look no more, check out Lumiere at Shenton Way by BS
Capital. Iconic 45 storey development that is build for DUAL Usage: as
office or home. Great potential for investment and rental. Call us now
for viewing.
The Foresta @ Mount Faber - Very HOT Project, Investors Pick
Long waiting for a West Coast project? Now
its coming, it is even better than all previous. The Foresta @ Mount
Faber in
Wishart Road with 141 Residential is launching soon. Excellent location
just 5 mins to telok Blangah MRT and 10 mins walk to Vivo City. This
project is sure hot grabs. Register your interest today.
District 9 Updates
Grange Infinite on sale- Just TOP
Premium high quality, high end project just
behind Takashimaya Shopping Mall. Outstanding district 9 location that
is great for luxurious own stay or investment. Superior quality finishes
that is uncomparable. Call us to view actual units today.
The VERV Preview
The VERV at River Valley, an exclusive 26 units development is previewing
very soon. Get ready to see high end finishes and fittings in rare spacious
2 bedroom and 2+Study sizes. All units even comes with Private Lift access.
To catch the preview, call us @ 6100 8090 to arrange
The Peak @ Carinhill
The Peak @ Cairnhill, an excellent centralise location just mins to Orchard,
Novena and Newton. High Quality finishes and affordable price. Rare size
development makes The Peak @ Cairnhill the top investment choice for all
investors. Call now for appointments
Oxley Edge Preview
Oxley Edge, latest development by famous Oxley group. Located along River
Valley Road, just 5 mins to future River Valley MRT, Orchard, Clarke Quay
and CBD. Excellent Location for a Great investment.
To catch the preview, call us @ 6100 8090 to arrange
District 10 Updates
Stevens Suites Preview Now
A rare location with very few new launches. Stevens Suites is located in
Prime District 10 along Stevens Road. Consist of only exclusive 32 units
from 1+study to 3 bedrooms and penthouses. Excellent project that calls
for high rental yield and capital returns. Units moving fast. Call us for appointment now.
LOFT @ Nathan, good investment
All Investors, Check out Loft @ Nathan in River Valley Road,. Excellent
development with 121 units of residential and 26 units of commercial.
Its is definitely a good project to invest in with prices only fr0m
$8xxk up. Call us now for a special preview of this project.
District 11 Updates
Copthorne Orchird Redevelopment
Excellent sales at
The Glyndebourne. Only few units left for this masterpiece by CDL. So if
y ou are keen, act fast to secure a unit. You will never be disappointed
with this prestigious project. Call now!
Gilstead 2, Investors Pick
For those that has miss Gilsteads 2 or decide
to give it a miss. It is better for you to reconsider. Gilstead 2 is a
highly recommended project with very high potential. Sales of this project
is strong and now we are left with last few units. If you do not want to
lose out, Call us now before everything is gone. This is a project not
to be missed.
10 Shelford @ Shelford Launching
Top Investment Pick not to be missed. 10
Shelford consist of exclusive 69 units of 1 bedroom and Penthouses. Project
protrays a lifestyle, chic and lively lifestyle in this quiet residential
enclave. Good tendency rate. Prices at only $8xxk. Call us now for appointments.
Don't Miss!
District 12 Updates
SkySuites 17 @ Balestier units
moving very Fast
SkySuites 17 @ Balestier, one of the fastest moving project now. Great
potential for capital growth once Zhong San Park is ready. Investors,
don't wait, this is an opportunity not to be missed. left with limited 2
and 3 bedrooms now!
Suites @ Topas last 3 Penthouse
left
If you are looking for a good project that is beautiful, low quantum and
great for investment, then Suites @ Topas is the choice. Excellent city
fringe location with beautiful facade and landscaping. A good project to
embark on. Left with only 3 penthouses. So act Fast. Call us Today.
District 14 Updates
Vacanza @ East Coming
All Kembagan Lovers, Vacanza @ East will be previewing tentatively on
the 28th Sep. This 463 units freehold full condominium development
consist of 1 - 4 bedrooms and penthouse. Prices starts from only $5xxk.
If keen please call us for a Pre Launch Presentation today.
Royce Residences @ Geylang - Great
affordable low quantum from 450k
One of the highest potential development with the most affordable price
now. Royce Residence is a 40 unit development just mins drive to the
city. Great location with lots of food amenities. Prices from only 450k
and comes with stamp duty absorbption. Call to View now.
Oxley BizHub @ Ubi Road 1
Top development in UBI, Oxley BizHub, a new concept industrial
development consist of 728 units of warehouses and production units.
Great business investment not to be missed. High Potential property once Paya Lebar Business hub is up. Great
Rental demand. Call us for Viewing NOW.
District 15 Updates
Tivoli Grande @ Koon Seng Road
Call us now, hot project Tivoli Grande on preview now. Tivoli Grande a
82 units condo development is the gem to be in Koon Seng area. A good
development with excellent quality finishes and well planned layouts.
Definitely a good buy. Call us now to enquire and Booking!
Bella
Casita few units left
Located at District 15 Ipoh Lane, Low Quantum, Affordable
starting from only $6xxk. Excellent High Potential for Rental and Capital Yield
with coming Paya Lebar Business Hub. Highly recommended property to invest,
Last few units left. Call now for enquiries
Aalto - Booking Starts Now!
One of the most talked about project in 2007. Aalto @ Meyer road,
outstanding seaview lifestyle living with superb high quality interior
finishes and fittings. Luxury that is undefined. Definitely a desired
lifestyle for your family. Call Now for viewing and info.
Vibes @ East Coast
Excellent Good Project in the mids of all famous Food Eateries and in
the heart of the East. Freehold development with 1, 1+Study and 2
bedroom layout with Commercial Shops. Great Investment and near Tao Nan
Primary School. Register NOW!
Questa @ Dunman Road, Good
Development
Another great project by Hoi Hup Realty. 140 freehold units in the mids
of Dunman Road. Great Investment and near Tanjong Katong Girl's School
and Secondary School. Excellent District 15 location. Left with Limited
2 bedroom units. Dun Miss. Call us NOW!
38 iSuites @ Ipoh Lane, units
moving fast
38 iSuites, a 120 units lifestyle development located at Ipoh lane,
close to future Paya Lebar Business Hub. Comprises of 1+Study, 2,
2+Study and Penthouse units. Great peaceful location with loads of
amenities around the vicinity. Call for viewing NOW!
District 18 to 28 Updates
NV Residences @ Pasir Ris by CDL
Another of CDL hugh development. NV Residences consist of 642 units on a
328,000 sqft of land. Consist of 1-4 bedroom and penthouses. Beautiful
nice project near MRT. Prices for 2 bedroom starts only from $6xxk. Call
us to get the
most attractive price.
Poets Villas @ Tegora Ave on
Preview
Looking for a Cluster housing, Poets Villas a new 40 units modern
cluster development is set to launch early next year. Located in Yio Chu
Kang, its location is quiet and green. Every unit is spacious and comes
with their own lift. Register now for update on this new launch.
H2O Residences @ Seng Kang by CDL
CDL embarks on another landmark development. H2O Residences will be
located at the junction of Fernvale Link and Seng Kang West Ave. A
beautiful development consisting for 475 units from 1 to 4 bedrooms.
Register your interest now and get updates on this project.
Hedges Park @ Flora Drive on
Preview
Hong Leong latest collection development, Hedges Park @ Flora Drive
consist of 501 units of Resort style units. Full Condominium with lots
of facilities for your family and friends. Prices from just $4xxk for
its one bedroom. Call us now to enquire.
Terrasse @ Hougang Ave 2 Launch
Kovan Lover take note, MCL Land developed Terrasse is coming. Terrasse a
magnificent development of 414 units sitting on massive land. Consist of
16 lifestyle blocks of 5 storey , it comprises of 1-4 bedrooms and
Penthouse. Very beautiful development set to sell at very affordable
prices. Call us for presentation today.
Introduction
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Hot Properties Launch
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Property Market Reviews Market Review - Dec 2007 | Real Estate Market Review - December 2007 |
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Page 1 of 5 Singapore Real Estate Market Review - December 2007
As expected, the last month of 2007 was very quiet and uneventful – to the disgust of many agents who subscribe to the notion of productivity equals profit from activities. Introduction As expected, the last month of 2007 was very quiet and uneventful – to the disgust of many agents who subscribe to the notion of productivity equals profit from activities. The re were a number of inconsequential policy changes concerning the real estate market. They are not expected to have any major impact on the fate of the property market. Most of the changes, including CPF changes and Development Charge changes, have already been made known months ago and therefore did not cause a ripple. More announcements were made regarding the Government Land Sale Programme for next year and that too did not cause any excitement as investors and developers had already been primed. Here are summaries of December’s news. (A) Global financial market still uncertain in 2008 § (A.1.) More bad news from the US sub-prime woes The US sub-prime problems continue to claim their victims going into Christmas. A couple of embarrassing corporate news was unveiled including one that concerned Switzerland's largest bank UBS and the world’s largest wealth manager. The bank announced further write-downs of around 10 billion dollars (6.8 billion euros) due to the US subprime mortgage crisis. In an unprecedented move, Singapore’s Government Investment Corporate bought, together with an unknown Middle Eastern investor, roughly 9% stake of the bank. On 17 December 2007, Washington-based mortgage finance company Fannie Mae forecast further decline in US housing market in 2008. It said that existing home sales will drop 12% and existing home prices will fall another 4.5% in 2008, painting a bleak picture for the troubled US housing market. According to forecasts from the National Association of Realtors (NAR), median home prices in the US declined for the first time since the Great Depression. Not only have homebuilders and mortgage companies been affected by the subprime crisis, banks and brokerages have been hit, posting write-downs and losses of more than $80 billion. There was evidence in abundance to show that the US housing crisis is not yet over. Economists of all subscriptions expect US housing prices to decline further as an increase in foreclosures adds to a glut of unsold homes on the market, forcing sellers to cut prices.
The Singapore central bank has also sounded warning that there will be more uncertainties in 2008 due to the current financial market turmoil. The region is facing increased risks to its growth outlook. The Asia Pacific region as a whole is enjoying strong inflows of funds which have been channelled into property, equity and other financial assets. However, the risk is increasing and this makes it difficult for corporations and banks to sustain financial performance. MAS said that household debts growth in October accelerated to 15.5% due to increase demands which are evenly spread. The growth is the fastest in almost 11 years. Home loan growth was up 14.4% while business loans galloped at 18.5%. The negative housing equity situation has improved a great deal, with the proportion of negative mortgage accounts having halved to 2.5% in September 2007 from 5.1% in the same period in 2006. The rise in banks' property exposure has been driven mainly by loans to property-related firms. Loans to individuals for investment purposes have also increased recently. However, the MAS continues to be concerned about the double-digit growth of business loans being driven by the building and construction sector though the non-performing loans ratio of this industry has improved likewise.
§ (B.1.) New definition of Development baseline takes effect 1 January 2008 From 1 Jan 2008, the old definition of development baseline being the highest of either the value resulting from the intensity guideline of 1958 Master Plan or 1980 Master Plan will be abolished. Development baseline will be simply defined as the value of the approved development. The historical baseline values in the master plans of 1958 and 1980 will no longer play any part in the calculation. The Development Charge payable is the difference of development ceiling (being the maximum value approved) and development baseline. However, land owners who keep to the allowed use under the current master plan will still not be affected by the new way of computing Development Charge.
From 1 Jan 2008, CPF members will earn one percent higher interest on their first $60,000 of savings as follows: · Their Special, Medisave and Retirement Account (SMRA) will attract 5% instead of 4% previously. · Their Ordinary Account (OA) will receive 3.5% for up to $20,000. Anything higher than the required $60,000 attracts the same interest rate. For savings beyond $60,000, a minimum rate of 2.5% will apply. However, the HDB subsidised loan rate will not be affected by the latest CPF interest rate change.
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