Detached House for Sale at $8.9 mil Along Lily Road

Dairy Farm Residences launch price

That can be an owner’s auction, based on land consultancy Edmund Tie, which will be managing the sale.

The detached home is situated on elevated ground overlooking the greenery of the playground. This enables the home to have great airflow during, states Joy Tan, head of sales and auction at Edmund Tie. What’s more, it’s also situated in a cul-de-sac, offering solitude to its own residents, she adds. For official project details, floor plans, showflat appointment and Dairy Farm Residences launch price to be obtained here.

The home comprises five bedrooms, a research area, a utility area and a swimming pool. Adding to this is a broad driveway, which matches a few cars.

The loft level of this house contains a”unique pitched roof whereas among the bedrooms has a loft area that allows for additional usable distance, Tan notes.

The property is present in the Area of schools such as Hwa Chong Institution, Raffles Girls Main, Nanyang Girls High and Methodist Girls’ School Main.

It’s also a seven-minute stroll into Sixth Avenue MRT Station on the Downtown and a five-minute driveway to the comforts and eateries situated at The Grand Stand. Beauty World Plaza and Bukit Timah Centre will also be within a ten-minute driveway.

Last, the home can be available to other stores and B & F possibilities available along Bukit Timah Road.

Tan is expecting the home to draw investors searching for a freehold landed home in District 10buyers or buyers that are wanting to live in the home itself.

Two Shophouses Alongside Tras Street On The Market Through EOI

Dairy Farm Residences layout

CBRE, as the exclusive advertising representative, is very happy to launch available through Expression of Interest two prime three-storey conservation shophouses with loft situated along Tras Street.

For official Dairy Farm Residences layout, reserve a showflat appointment on the new mixed development, going to develop by United Engineers Limited. Target to launch in Q2 2019.

The bigger shophouse unit includes a land area of roughly 1,494 sq feet and overall floor area of roughly 4,257 sq ft. Located throughout the road, the more compact unit includes a land area of about 1,298 sq feet and overall floor area of roughly 3,852 sq ft. The two shophouses have a 99-year leasehold tenure and are zoned for industrial use from the Chinatown-Tanjong Pagar Conservation Area under the 2019 Master Plan.

Both units, which can be within a brief 260 m from Tanjong Pagar MRT Station, are wholly allowed to based food and beverage operators around the ground floor and SOHO users around the top floors.

The guide price for its bigger shophouse is S$12 million, although the more compact shophouse is S$10.8 million. These workout to around S$2,800 per sq feet on the entire floor area of every shophouse. Interested parties are welcome to buy the shophouses either independently or collectively.

Recent trades of 99-year leasehold shophouses comprise 34,36 & 38 Tanjong Pagar Road that were marketed together in December 2019 in S$16.35 million or roughly S$3,000 per sq feet on total ground area, also 76 Pagoda Street which changed hands in July 2019 in S$13.3 million or roughly $3,500 per sq feet on total ground area.

Mr Lee adds,”In the appealing cost of S$2,800 per sq feet, coupled with all the topic properties’ proximity to the Tanjong Pagar MRT station, powerful tenant covenants and appealing gross returns of around 3.5%, we’re convinced that both of these assets will bring in strong investor interest.”

Together Tras Street, Six Senses Maxwell, a luxurious boutique resort and ST Signature, a brand new co-living operator, have opened doorways high-end 2019.

New commercial developments in the region comprise Guoco Tower, Frasers Tower and ASB Tower that’s scheduled to be finished this season. These modifications are a part of URA’s urban renewal attempts to transform the area to a livework-play destination.

River Valley to Welcome New Luxurious Apartment

Dairy Farm Residences showflat address

A 376-unit high-end luxury condo will shortly call River Valley house as the trailer for Your Avenir launched over the weekend.

The new freehold luxury residential project may include 2 36-storey studs, a 50-metre lap pool, two levels of basement parking and other amenities such as a hydrotherapy pool. The components range from 527 sq feet one-bedders starting from $2,930 psf into 2,411 sq feet four-bedroom units priced at $3,030 psf. All components are fitted with balconies and also the 3- and 4-bedders boast private elevator access.

Visit here for official project details, floor plans, and Dairy Farm Residences showflat address appointment.

The 130,000 sq ft site where The Avenir stays is located near the Central Business District (CBD) and the nearest MRT station is going to function as Great World City MRT station on the Thomson East Coast Line. The station’s namesake mall, Great World City, is also in the area. The location alone brings clout into the new job as well as its own exclusivity. It’s situated slightly away from the buzz of the main Orchard cart yet near enough for easy access and also near the CBD to working professionals or expatriate families that frequently favour possessions .

A number of these luxury services that the Avenir provides include concierge services such as laundry, housekeeping, transport arrangements, party catering and even personal trainers. The space provided inside the house also provides the semblance of quiet, relaxed suburban dwelling while being nestled in the middle of the city. It’s designed by the creator of international architectural business StudioMilou, Mr Jean Francois Milou.

In addition, the condo is also located near schools such as Eton House Preschool, Odyssey The Global Preschool and River Valley Primary School. The project is manufactured by Hong Leong Holdings, GuocoLand and Hong Realty (Private), and is slated to get its own Temporary Occupation at August 2025.

Deferred Losses for Current Sellers at PUE Twin Peaks

Dairy Farm Residences Petir Road mrt

Of the 10, eight enrolled losses ranging from 2.3percent to 21.7 percent. One transaction saw a gain of 21.8%, while another did not have a previous listed transaction, based on URA Realis caveats.

The device was purchased for $1.71 million ($3,117 psf) at March 2013 at the peak of the market.

Four of those eight transactions were for components purchased between April to June 2016, once the high-end, recently completed condo was relaunched with the choice of a deferred payment scheme (DPS). These declines ranged from 2.3percent to 8.1 percent.

More info about the Dairy Farm Residences Petir Road mrt, to be developed by United Engineers Limited.

“These sellers are most likely to be people who took the three-year DPS package and probably couldn’t procure a mortgage at the close of the period of time,” says a real estate consultant who declined to be named. “They were so forced to sell their components at a lower price in a relatively weak market”

The latest sale of such a unit was in August when a 1,399 sq feet, three-bedroom unit on the 15th floor travelled for about $ 3.25 million ($2,323 psf). Earlier this, another similar-sized unit around the 26th flooring sold for about $ 3.3 million ($2,358 psf) in May this year.

The next latest documented deal was also in May: This 571 sq ft studio apartment on the 20th floor was offered for about $ 1.57 million ($2,752 psf). It was initially purchased for near $1.607 million ($2,817 psf) in April 2016.

In February, a 1,604 sq ft three-bedroom unit around the 27th floor was also sold for about $ 4.15 million ($2,588 psf).

It must be mentioned that the gross reductions represented in the table have not taken into consideration the vendor’s stamp duty (SSD) as such sales were done over the first 3 years of purchase.

But, Propnex Realty’s head of luxury team Dominic Lee reckons that some of the losses may have been offset from the rental gains made in case the units were leased out throughout the three-year interval.

According to Lee, monthly rental rates for its three-bedroom units ranged from $7,500 to $8,500 whereas the one-bedroom units command rates of about $3,000. Some were leased out to as large as $3,700, he notesas they were completely supplied.

OUE Twin Peaks was the primary improvement to provide fully-furnished apartments with classic furniture pieces by famous performers such as Hans Wegner, Charles & Ray Eames, Tim Dixon and Matthew Hilton. Landscape layout was acclaimed architect and landscape designer Bill Bensley.

It has two identical 35-storey towers sitting to a site area of 130,983 sq feet with total gross floor area of 436,168 sq ft. The 99-year leasehold condominium in prime District 9 has a total of 462 units, using a mixture of one-, two- and three-bedroom apartments sized out of 549 into 1,604 sq ft.

It was relaunched in November 2015, but sales really took off in early April 2016 when the programmer dangled a DPS supply to buyers — the first to get a finished condominium development.

Between 2002 and 2005, programmers had provided DPS if the residential market was in the doldrums. They continued to provide such schemes because of their new job launches that were under construction till September 2009 if the authorities scrapped it. That marked the first of fourteen days of land heating measures in the past decade.

Novelty of DPS for finished condos

While just about half of the buyers took the DPS provided at OUE Twin Peaks, it sparked purchaser attention and all 462 units were offered by October 2017. This led other programmers with unsold units in completed condos to follow suit with their own DPS offerings, together with varying levels of success.

After the tower 231 units was substantially sold at the end of July that year, Tower 1 was launched in which units were offered at high prices starting from $2,450 psf roughly $1.4 million for a 570 sq ft one-bedroom unit.

Both systems were launched together with the DPS, however they came with strings attached and also a 3% price premium over components sold under the normal payment strategy. There were also two distinct alternatives. Originally the DPS were for 2 years but were extended to 3 years.

At the very first DPS package, a 10% reservation fee was paid upfront followed by another 10% (to be paid a fortnight later) when the choice to purchase was signed. A additional $1,000 was due upon getting vacant possession of this device. The new owner may either go in or rent out the device immediately. The balance 80 percent was postponed for 2 – or three-years later when the option was exercised.

From the next DPS choice, a 20 percent down payment was due upon signing the choice to purchase. Exercising the choice to purchase was deferred until December 30, 2016. Upon exercising the choice to purchase, an additional $1,000 was payable to obtain vacant possession of this device. The balance 80% will be due 2 – or three- years later.

If buyers couldn’t finish their purchase by the conclusion of both – or three-year interval, their 20 percent down payment and $1,000 will be sacrificed.

Initial buyers

Nevertheless, it is not only individuals who purchased under the DPS who suffered losses. Individuals who purchased units when OUE Twin Peaks was initially launched in late 2010 to 2011 at prices ranging from $2,702 to over $3,000 psf also took a hit whenever they offloaded their units at the resale market lately.

These sales made up the remaining of those eight loss-making deals enrolled from the 2018-2019 interval (See Table). For instance, a 571 sq feet, one-bedroom unit on the 18th floor was offered in April for $1.53 million ($2,682 psf).

It was purchased for $1.68 million ($2,945 psf) at Jan 2011. It was also purchased for $1.68 million ($2,945 psf) at Jan 2011.

“The initial launch prices were at a premium because the job has a prime District 9 address, the components are fully furnished, and the job was well implemented,” says Lighthouse Property Consultants managing director Samuel Eyo. “When the project was initially launched in late 2010-2011, land cooling measures such as the greater ABSD [additional purchaser’s stamp duty], tighter borrowing limitations to house loans and also the TDSR [total debt servicing ratio] loan framework weren’t introduced yet,” he continues.

“At a buyer’s market, these individual sellers don’t have exactly the same price advantage that programmers have,” says Eyo.

Take A Look At Out The Condos With The Maximum Leasing Deals In Q3

Dairy Farm Residences architect

Half of those units in the very popular undertaking have floor areas between 600-800 sqft.

Find more about the Dairy Farm Residences architect.

This graph by Savills shows that Lake Grande submitted the maximum leasing quantity amongst condominium jobs in Q3, with 221 transactions. Since its conclusion, 304 units at the condominium was leased by September, accounting for 42.8percent of the total units. Nearly half of those units have floor space which range 600-800 sqft.

Other jobs that became popular with renters comprise High Park Residences in Fernvale Road and also Botanique At Bartley in Upper Paya Lebar Road

Leasing volumes of personal residential properties jumped 12.9percent QoQ and 4.2percent YoY to 26,998 finished rentals in Q3.

KH Kea Property Sold for S$79.3 Million

Dairy Farm Residences new launch

The only marketing agent for the sale of KH Kea Building at 333 North Bridge Road, is Very Happy to announce the sale of Their House into UOL Group Limited in SGD79.3m.

Checkout the Dairy Farm Residences new launch for more info.

There’s a further GFA of about 299.0 sq m (roughly 3,218 sq feet ) that could possibly be constructed. Prominently situated on a corner plot with double frontage along North Bridge Road and Cashin Street, followed by views of this iconic Raffles Hotel around, the property occupies a prime place at a few of the most exciting and lively work-live-play precincts from the city center.

Well-served by a large host of conveniences that’s easy to get in the area, the property enjoys superb access, being served by four MRT stations situated inside a 500-metre radius — the Raffles Place financial district and Orchard Road shopping belt are equally merely an MRT stop off.

The executive manager of investment advisory, Swee Shou Fern, commented,”The tender drawn quite keen attention from a broad range of end-users, developers and investors, both local and global, highlighting the uncommon accessibility and always strong need for well-located prime industrial buildings. Additionally, this underscores Singapore’s standing among the very best cities for property investing.

Total investment earnings worth in Singapore jumped 33.8 percent q-o-q in Q3 2019, together with increased sale action for industrial assets. Investment sales at the office section rose from roughly $2.827bn to $3.180bn from Q2 2019 into Q3 2019″

Bugis and Duxton shophouses available

Read more Royalgreen pulls in excess of 1,200 guests on end of the week

Royalgreen pulls in excess of 1,200 guests on end of the week

Three shophouses from the Bugis and Duxton Area are up for sale. The 2 shophouses at Bugis, at 13 and 14 Bali Lane, have been set up for sale together, at a direct price of $9.8 million.

The shophouse pair for sale along Bali Lane spans two storeys, is zoned for commercial use, and sits on a land size of 1,470 sq feet with a total floor area of 2,581 sq ft. it’s currently partially tenanted.

The 2 shophouses are inside a five-minute walk to Bugis MRT Interchange Station on the Downtown and East-West Lines. They are alongside Blue Jazz Cafe, a popular hotspot.

“Bugis is becoming increasingly attractive to a growing pool of multinational companies based in Grade-A office improvements Duo Tower, Bugis Junction Towers and forthcoming Guoco Midtown,” remarks Loyalle Chin, associate manager at Propnex Realty, which is marketing the home.

The area also attracts”millennials who appreciate the diversity in Bali Lane and Haji Lane, full of live local music, java places and attractive F&B establishments”, Chin adds.

A variety of notable transactions have taken place from the Bugis enclave. On October 8, it was announced that Hoi Hup Realty would acquire luxury resort Andaz Singapore at $475 million in M+S Pte Ltd, a joint venture between Malaysia and Singapore.

New commercial developments in the Bugis area also comprise Guoco Midtown and the newest Shaw Towers development.

Meanwhile, the shophouse at 42 Duxton Road sits to a land of 1,118 sq feet, with a total floor area of 2,035 sq ft.

It’s now tenanted into Kokuyo, a furniture and space design company with offices in China, Thailand, Hong Kong, Malaysia and Singapore. The rental return is 3.3%,” says PropNex.

“With rental yields generally compressed between 1.8% and 2.5%, which is certainly one of the greatest rental returns for a shophouse from the CBD,” says Chin.

In February, 29 Stanley Street was offered at $22.1 million ($3,400 psf).

The decrease manual price for its shophouse at 42 Duxton Road, in $5 million, will allow easier entry for high-net-worth individuals to put money into CBD shophouses and allow for more capital appreciation, states PropNex.

Duxton is in near vicinity to 3 MRT stations: Outram Park MRT Interchange Station on the East-West and North-East Lines, Tanjong Pagar MRT Station on the East-West Line, and also the future Maxwell MRT Station about the Thomson-East Coast Line, which is slated for completion at 2021.

Riverside Piazza up for aggregate deal at $198m

Read more Allianz Acquires Japanese Portfolio Regarding Residential Properties for $1.67 bil

The complex comprises 40 apartments and 24 stores, with dimensions ranging from 58 sq m to 333 sq m.

Each proprietor could stand to get between $2.23 million and $9.47 million in the collective sale of their growth, based on how big the unit.

The reserve price for its 99-year leasehold land at 11 Keng Cheow Street works out into a land rate of $2,602 per sq feet per plot ratio, such as the estimated differential premium to convert hotel usage, marketing agent Colliers International said.

Alternative development choices, including a resort, will probably be entertained by the Urban Redevelopment Authority.

Colliers said a resort will be suitable, provided that the website is at the fringe of the Central Business District and near the Clarke Quay entertainment hub and Chinatown.

It’s also near Fort Canning Country Club, Clarke Quay Central, Liang Court and Chinatown Point, and is served by three MRT stations: Clarke Quay about the North East Line, Fort Canning on the Downtown , and the Chinatown interchange.

The Riverside Piazza Delivers dual frontage in Merchant Road and Keng Cheow Street.

Colliers International managing director Tang Wei Leng said prime development land doesn’t appear quite frequently, especially near the Singapore River.

She added:”This website presents a special chance to create a contemporary riverfront resort in an area thriving with activity and a history.”

Colliers said the areas surrounding the site are being revitalised, starting with all the nearby State Court Towers, which can be set to start in 2020.

It added:”(This) are the tallest government construction in Singapore and will allegedly provide spaces for law firms, technology companies, academics and students.

Meanwhile, the Singapore River area has been earmarked for rejuvenation, together with enhancements such as improved pedestrian links.

Ms Wendy Tan Siew Cheng, chairman of The Riverside Piazza collective sale ministry, said:”This is our first attempt at a collective sale and we are optimistic of garnering a favorable response for its tender due to the website’s attractive location.”

Singapore’s Inflation Gauge Rises by 0.7 Percent

Read more KH Kea Building at N. Bridge Road on Great deals for $80 million

Singapore’s heart inflation estimate reached a greater than averaging low in September since it climbed 0.7 per cent, a figure slightly less compared to the preceding month, reported Thomson Reuters.

Core inflation doesn’t include changes in the purchase price of lodging and personal road transport.

The nation’s headline consumer price index or general inflation, but grew 0.5 percent from September this past year, staying the same in the month before.

The price of retail products dropped by 0.8 percent year-on-year (YoY) in September, moderating in the 1.5 percent decrease in August. It mostly represented smaller drops in the prices of clothing items and clothes, electronics and healthcare products.

Food inflation reached 1.6 percent YoY in September, unmoving in the previous month, because of a lesser increase in the price of non-cooked food cancel a slightly superior rate of growth in ready meals’ costs.

Electricity and gas prices dropped 8.3 percent YoY in September, compared to the 7.8% reduction in August, largely due to the dampening impact of the initiation of the Open Electricity Market (OEM) covering electricity costs, noted that the news release.

Personal road transport inflation was 0.5 percent YoY in September, smaller compared to 0.6% mark in August. This resulted from a smaller growth in Electronic Road Pricing (ERP) costs and a bigger drop in petro rates.

The present figure was brought on by a fall in telecommunications support charges and airfares.

Accommodation prices dropped by 0.5 percent YoY in September, when compared with 0.7 percent fall in August, together with home rentals falling slowly.

The nation’s heart inflation is observed to enter at the lower range of this one to 2 per cent range from 2019, and typical from 0.5 percent to 1.5% in 2020.

In general inflation is forecast to be approximately 0.5 percent annually and typical by 0.5 percent to 1.5% in 2020.

New private property deals brisks a month ago

Read more Thomson View Semi-Detached house by RT+Q for sale at $4.48 mil

A surge in September’s Revenue of Brand New private homes

There was a 13 percent gain in the amount of new private houses sold a month from August. 1,270 such units were offered in September as programmers improved their sales and promotion campaigns after August’s lull because of the Hungry Ghost Month.

Buyers showed special interest from town fringes with 4 from 5 starts a month in these regions. Nearly 60 percent of the month’s earnings were for properties in these regions.

The redevelopment of the Greater Southern Waterfront district might be a part of the reason behind the achievement of the property. 361 units were offered here in a median cost of $1,941 psf.

Singaporeans and PRs made up the Vast Majority of buyers

Though some might believe overseas influences may have altered the amount of buyers, the majority of these were Singaporeans or Singapore Permanent Residents (PRs). Critics state that this fascination from the local real estate market might be a series of buyers’ or investors’ confidence.

New personal home sales are predicted to exceed 9,000 this season although some analysts aren’t convinced that the market is overheating. The speed of expansion within this segment might be diminishing, despite having a 0.9% increase in sales costs last quarter plus a 1.5% rise in Q2. But, Singapore’s political and socioeconomic stability can boost buyers’ assurance and property here might appealing to investors that have opted to turn to safer, less risky investments.