Mount Sophia Road Condo

URA has reported that, at the close of tender, the 99 year leasehold at Mount Sophia Road Condo drew 9 bids with the top bid coming in at $442.3 million, a value that equates to $1,157 per square foot ppr. That winning bid was made by a group consisting of Sunway Developments, Hoi Hup Realty and S.C. Wong Holdings. Close behind the top bid was a tie-up for second place between Singapore’s Fantasia Investments and Hong Kong’s Singhome Re, who entered a bid of $442 million, just 0.1% under the highest bid.

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SERS Queenstown

One of the oldest neighborhoods in Queenstown is set to have one of the largest redevelopments for public housing by a joint group. It looks like time had run out for a group of blocks that are marked for demolition. This means 31 blocks and 3,480 apartment units will be demolished along Commonwealth Drive and Tanglin Road under the Selective En bloc Redevelopment Scheme. This affects blocks 24 through 38 as well as blocks 40 through 45 on Tanglin Halt Road. For Commonwealth Drive this will affect blocks 55, 56, 58 through 60, and 62 through 66.

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Gambas and Tuas South Plots

An industrial land parcel located at Gambas Crescent was recently launched for sale, making this the fourth parcel to be put on offer this year for this area. The three parcels that were sold earlier this year were all purchased in 2013 by Far East Organization. This has caused speculation by leading industry leaders of whether or not this property mogul will be bidding once more in the hopes of creating a stronghold in the area. There seems to be a divide amongst property consultant regarding whether or not Far East Organization will make an aggressive bid for this fourth round.

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North Park Residences

There is going to be a new mixed development called North Park Residences in Yishun Central, Northern Region of Singapore. Lying close to Northpoint Shopping Centre and opposite of Yishun Train Station, North Park Residences is really convenient for travelling. Moreover, this is a long – term project which is on lease for 99 years with the area of 442,397 square feet. When being completed, it will be a complex consists of around 890 residential units and 359,084 square feet of commercial space.

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Bellewoods EC

Set within a tranquil and calm landscape you will find Bellewoods EC. Nestled amongst peaceful water and trees, this perfect setting also holds a hub of activity, rather than isolation.

Convenient Transportation Network

There are many options to be found at Bellewoods EC for both private and public transport that will connect you to all of the areas of Singapore. You will find many connections from the Woodlands Mass Rapid Transit System for a start. This will also be linking with the soon to come Thomson Line. You can also find the Woodlands Regional bus station close by. For those who like to drive, there is convenient access to the Bukit Timah and Seletar Expressways, as well as the soon to come North South Expressway.

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Watervale EC

A residential site has been sold off by HDB (Housing & Development Board) during the first half of 2013. The sale is part of Sengkang’s Government Land Sales. It has been confirmed that Anchorvale Crescent, which is located in the North-East sector of Singapore, has joined the list of sites that are set to be developed into Watervale EC. Its new name will be Bellewaters EC and has a gross plot ratio of 3.0, a site area of about 2.3 hectares, and will be able to hold around 690 units.

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South Beach Residences

South Beach Residences at Beach road are very well situated in the centre of the city’s downtown. This is a very prestigious and luxurious mixed use development, which will eventually feature, two grand hotels, high class office buildings, superb shops and exclusive city homes. South Beach Residences award winning architectural design, location and all round frontages are certain to make the development into a world class landmark. Specifically designed and conceived to stand tall as a symbol of Singapore’s unbounded economic and business possibilities, this development has been eagerly awaited and anticipated by many as a development which will add a new dimension and a refreshing and new vibrancy to Singapore’s skyline.

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Fall in HDB Values affect Wealth

Household balance sheets are experiencing the first decline, year on year, since 2005. Figures from 2013 show that the amount of Housing and Development Board flats that are held by households has fallen 0.7% to $412.8 billion. Much of the impact that is being felt is due to repeated cycles of cooling measures being implemented along with a surplus in housing supply.

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Hearty Sales at Condo Launches

The weekend launches of 2 condos, both of which are 99 leasehold projects, at West Coast and Pasir Ris have shown robust sales that indicate a possible continuation of a recent revival in sales of private homes. While analysts agree that this booming demand is a good sign, a large part was played by enticing prices.

Out of 600 units that were released for the Coco Palms condo, 82% (490 units) had been snapped up already, according to CDL (City Developments). CDL, along with Hong Realty, are developing the 944 unit project and have stated that every one of their one bedroom units that were released, near the Pasir Ris MRT station, have completely sold out.

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City Gate

City Gate Condo is a new and upcoming condo located in the Beach road area, within a short drive Marina Bay as well as Raffles City Area. City Gate condo comprises of 311 Residential units and 188 Retail Units. City Gate stands at a impressive height of 30 storeys tall and residents will be able to get a panoramic view of the city as well as the kallang basin. Future residents will be able to walk to the upcoming Nicoll Highway MRT. Also, nature awaits your family and friends at the nearby Bay Central area. Also, the ultimate nature awaits you the Marina Bay Area.

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