Time for Chinese New Year Again.. “Have you buy your property?” Ermmmm
The Lunar New Year along with food and the red packets come inquisitive relatives, and is nearing. Between fielding questions about when you are going to marry / reproduce / find a proper job, you will also have to impress them somehow. Here are three things that you can declare to make yourself look like a property expert.
1) “Location is everything…but not for the reasons you believe.”
Everyone has heard the phrase “ countless times to location, location, location”. But reveal you know more compared to the average Joe by telling your relatives it’s not pretty much living in popular places like Holland Village, East Coast, Seaside Residences Siglap or Bukit Timah. For instance, dwelling close to the sea may offer fantastic views, but will even incur costs that are higher as such homes need protection against saltwater. It’s also not enough to live in prime districts; if a dwelling faces the main road, for instance, its occupants will have to put up with continuous noise, traffic and even pollution.
If some of your relatives are looking to purchase property, they’d do well to nail their intention in doing this. Are they looking to rent it, live in it, or both? Determining their use for the property can then help them to decide whether they would like to hold on to it for the long term, or sell it for profit within the following few years, and what sort of property they should buy.
2) “Don’t worry about banks; they have one important concern.”
Your relatives that are contemplating investing in property may worry about the factors influencing their opportunities getting their loan applications approved. A lot of individuals incorrectly believe their property buying history plays a part, particularly when they have purchased HDB flats with the aid of grants and subsidies. But in truth, banks are mostly concerned with whether or not their instalments can clear on time; their credit history, as such and monthly income are variables that are important.
During the first weekend of launching, 1,100 of 1,390 units were sold by CEL
720 housing units will be yielded by Grandeur Park Residences, with a broad range of option from 1 to 5-bedroom unit type.
As a subsidiary of Chip Eng Seng Corporation, CEL Development reveals the quite powerful track record in local developments. The developments include My Manhattan, Alexandra Central, 100 Pasir Panjang, Belvia (DBSS Public Home), Junction Nine and Nine Homes, Oasis @ Elias, CityVista Residences, Splendor 8, Grange Infinite, The Parc Condominium, The Suites at Central, Ventuno Balmoral, Riviera Residences, One Fort, Bishan Loft, Fulcrum and High Park Homes.
From the developer of High Park that are extremely successful, Grandeur Park Residences offers similar attributes, sizes and facilities that are even more exciting.
GRANDEUR PARK RESIDENCES PROJECT FAST FACTS
GRANDEUR PARK RESIDENCES
CEL Development (Chip Eng Seng Corporation)
New Upper Changi Road/Bedok South Avenue 3 (Tanah Merah MRT Station)
D16 Bedok / Tanah Merah
High Rise Residential Towers comprising 720 apartments, ranging from 1-Bedroom to 5-Bedroom Unit Type.
99 Years Leasehold
1 Bedroom / 1 + Study 2 Bedroom Classic / Deluxe / Study 3 Bedroom Classic / Deluxe 4 Bedroom Classic / Deluxe / Luxury 5 Bedroom with private lift
Expect TOP Date
GRANDEUR PARK RESIDENCES LOCATION
Nestled in the blossoming area in the East of Singapore, Grandeur Park Residences is situated at rock throw distance from the Tanah Merah MRT Station Interchange.
Connectivity and Estimated Travel Time from Grandeur Park Residences to many destinations:
IMPROVING THE PUBLIC TRANSPORT IN THE EAST REGION Future residents in Grandeur Park Residences will reap the benefits of significant improvements to public transport and roads, with new MRT connections cutting journey times and road improvements to reduce traffic congestion and boost connectivity between and within towns.
The existing East-West MRT line (green line) in the East Region will join 3 new MRT lines later on, the Downtown Line (DTL), the Eastern Regional Line (ERL) and also the Cross Island Line (CRL). The green line system will be upgraded in 2018 to let 6 trains every 10 minutes instead of 5 now.
Connectivity and Estimated Travel Time from Grandeur Park Residences to several destinations:
The East Region enjoys a rich tradition and identity, from storied Changi to the food oasis of Siglap; spaces, places and buildings that have historical value and hold particular meaning. Amenities that reinforce town squares, along with the identity of the East and new hawker centres that support social interaction will be implemented to rejuvenate mature estates like Tampines and Bedok.
Grandeur Park Condo Amenities
Residents in the East Region can look forward to an exciting new group of commercial, social, sports and recreational activities in the rejuvenated Bedok and Tampines town centre, for instance, brand new Integrated Transport Hub (ITH) after the Downtown Line completion with the Bedok Mall and Tampines Mall. Both shopping malls provide a broad range of . F&B outlets & clothes
Singapore’s fourth university, the Singapore University of Technology and Design (SUTD) was finished in 2015. All these increase the demand for rent in Tanah Merah vicinity.
New industrial and commercial developments are set to open in Changi Business Park Pasir Ris Wafer Fab Park, Loyang Industrial Park and Changi Airport.
The opening of Project Jewel and Terminal 4 in Changi Airport will supply thousands of new job opportunities that are attractive. Project Jewel will be the new attractions and exciting retail choices to travellers transiting at Changi Airport. The attractions bring new leisure, retail and F&B choices for residents in the East and the remainder of Singapore. and will additionally be open to the people The new Terminal 4, such as the other present terminals, will be a full service terminal, offering attractive aviation related occupations to Singaporeans while enlarging Changi Airport’s passenger handling capacity.
All these developments will produce a range of further jobs, meaning residents will be able to work nearer to their homes and appreciate reduced commuting times. In conclusion, there is going to be plenty of job opportunities nearby Grandeur Park Residences and eventually boost the demand of lease for the condo.
Grandeur Park Condo Price
The property was sold at $419.38 million, which translates to $761 psf on the gross floor area.
Grandeur Park Residences is anticipated to challenge the nearest project, The Glades that’ll soon obtain TOP. On the basis of the caveat lodged as on 22 November 2016, there are not approximately 150 units sold at The Glades. The average cost of transacted sale in the last 6 months signals $1,422 psf.
Hence, we estimated that Grandeur Park Residences could be established in the average price of $1,400 psf.
If you are searching for a residential area that provides much inimitability and an extensive array of leisure activities, then Forest woods condo is the finest to invest in. Forest woods, a CDL endeavor, is soon initiating a fresh start in Lor Lew Lian, Singapore. It’s the right spot for the people who are gazing for a modern and healthful place to live.
From Forest Woods location, you will find places and services like shopping malls, restaurants, stations, transport routes, small towns, and schools at a few minutes drive. Long story short, a new CDL launching located in the heart of town that is Serangoon, this Forestwood, is a future transformed area providing tranquil and healthful lifestyle.
The project can be found in Serangoon Estate in District 19, North Eastern part of Singapore. The brilliant 99-year leasehold development is ran by the dominant developer of Singapore- City Development Limited (CDL).
Forest woods Condo is located in a modern atmosphere that’s completely developed. Additionally, besides amenities, the people from the surrounding area are mature and well educated. Most of the crowd is from the business class or affluent strata, and it adds to the beauty of the area. Your kid will develop watching such folks, and that helps his mental growth.
Undoubtedly, the region development increases the actual worth of the building itself. Don’t delay, if you are interested in being part of such a healthy environment and begin today to register your interest.
Rental prices of prime residential property in Singapore fell by 3.6 percent in Q1 2016 compared to the same period last year, according to Knight Frank’s Prime Global Rental Index.
The complete index, which monitors the change in high-end residential rents across 17 global cities, dropped for a third straight quarter, with rents falling on average by 0.5 percent in the year to March 2016.
In fact, 11 cities recorded level or dropping prime rents over the last 12 months.
Toronto leads the ranks with prime rents growing by 8.9 percent in the year to March 2016, followed by Guangzhou with 5.3 percent growth.
Nairobi occupies the bottom position after rents fell by 7.9 percent. This is preceded by Hong Kong, which saw a decrease of 5.2 percent.
Nicholas Holt, Head of Research for Asia Pacific at Knight Frank, said: “Real estate markets in Asia have been sensitive to the wider macro economic environment in 2016, as presented by the prime residential rental performance in the seven major Asian cities monitored.
“Singapore and Hong Kong, both cities with significant export exposure have found with Shanghai still seeing rental increase on the rear of a robust local market, while mainland Chinese cities have seen more varied performance, rents dampen.
“Looking ahead, the political uncertainty in Europe and the US will probably weigh on the area for the second half of the year, depressing rental growth prospects.”