In-depth Understanding of Stirling Residences

Singapore – Queenstown Estate is famous for its sizable land plots that are prepared for residential projects. By end of 2017, a huge land plot was won for a stunning bid worth 1 billion Singapore Dollars. The occasion happened as part of a Government Land Sales. This sizable plot is located at Stirling Road and it is set to become “Stirling Residences”. A luxury condo project developed by the Longan Property and Nanshan Group. The Stirling Road GLS Land parcel was won by this duo with joint effort. The tender carries a 99-year leasehold and it is a little more than a billion Singapore Dollars for this 21,100 square meter site.

stirling residences

About Stirling Residences

It is widely believed that the new condo will be stylish in its own way as it features many interesting attractions. This high-rise project will justify its price and brand value. According to Urban Redevelopment Authority data, Stirling Residences could probably be a viable platform for young investors, new couples and mature families. The project has everything you need to lead a happy and a comfortable life. Whether you are looking for connectivity, amenities or education – Queenstown locale has it all.

Amenities around Stirling Residences

Stirling Residences is within a lively environment. It is surrounded by many entertainment and shopping options. A quick drive will take you to Queensway Shopping Center, IKEA Alexandra and Anchorpoint. The budding Alexandra Central is located 1 km away from your home too. These are interesting shopping and entertainment destinations for all future residents!

Moving on, if you are wondering where the good & scrumptious food is, look no further! Stirling Residences is located near to many food establishments and wet markets. Your hunt for fresh culinary ingredients stops here. Important venues for great comforting food around this residential development would be the Commonwealth Avenue Block 40 Food Center, Mei Chin Road, Tanglin Halt Street, the Crescent Market at Commonwealth, Redhill Lane market and the Bukit Merah Food Center.

Commercial Destinations near Stirling Residences

Commercial destinations around this condo project can be categorized into five distinct types. Category A features a massive supermarket, 19-shopping centers, educational clusters and an RC center. Category B features an eating home, three shops and a minimart. Category C features a minimart, a café and two shops. Category D features a minimart and a café. Finally, Category E features childcare facilities, a minimart and a café with two shops. The number of commercial facilities in and around Stirling road is likely to increase in the coming years.

Lifelong Learning near your Home

The talk about Stirling Residences will be incomplete without its advanced educational neighborhood. There are many local primary and secondary schools near the condo. This includes major schools like Gan Eng Seng Primary school and the famous Queenstown Primary School. The list doesn’t stop here and its non-exhaustive. You have a dozen educational institutions to choose from for your schoolkids!

The ideal condo available at Margaret Ville

Singapore – The government of the city state has allowed the developers of the Margaret Ville condo to construct recreational facilities such as “Green Routes” used for running and cycling, community parks, the Holland Village Lifestyle destination, Metropolis commercial building for offices, headquarters for Mediacorp and Lucasfilm’s Sandcrawler. The developments have just begun and most of them are in their initial development stages.

Developers of Margaret Ville

There were many developers competing to acquire the site where the new Margaret drive condo is being developed during the open public tender process. Towards the end of 2016, the highest winning bidder was awarded with the land site. The area is situated along Margaret Drive which lies within the vicinity of the Queenstown planning area. MCL land was the highest bidder, winning this 99-year leasehold site and having the full rights of developing the vacant land.

It is no secret why 14 huge companies antagonistically vied for this piece of land as there are several strategic reasons that make the land a rare and prime property going forward. When it is fully developed as a residential area, Margaret Ville would have a strategic position that will enable the residents to easily and conveniently access the nearby diverse hospitality vents. The infrastructure is well developed and the amenities are unbelievably exceptional.

MCL land has been in the real estate development industry for more than five decades which has earned them their irrefutable reputation and excellent track records. Their operations are not only confined within the borders of Singapore but have also extended to Malaysia. They are mainly involved in the development of residential areas but every now and then, they will also try to engage in commercial projects which will add diversity to their beautiful portfolio. Besides the Margaret Ville they also own the prestigious J Gateway in Jurong Gateway Central, a commercial business hub of Jurong Lake District in Singapore among others.

Location

Margaret Ville can be accessed by driving along the Commonwealth Avenue and turning into the Margaret Drive. The entire commonwealth region is positioned within the western direction when you are in the heart of Singapore. The neighbourhood is home to several luxurious residential properties that was recently developed and launched in the market.

The other developments such as Commonwealth Towers and Queens Peak will no longer be the most luxurious residential property in the area as the new swanky Margaret Ville is coming onboard soon. The vicinity surrounding the two residential projects is endowed with a myriad of amenities such as shopping malls, health facilities, learning institutions, hospitality joints, mosques, churches and many other recreational facilities. The infrastructure in the area is also well developed which makes it easy to travel from one place to the other.

Singapore Buyer’s Stamp Duty May Elevate the Prices of New Condo Development in 45 Amber Road

Due to the recent outline for a rate hike of the Buyer’s Stamp Duty, this may however affect developer’s prices for new condo developments in the future. The developer pays a significant premium to develop on residential sites as the need for newer developed condo property rises but; Are these premiums in need of a hike in higher price rate? Should developers pay more for new condo projects that are underway and coming in the near future?

While it’s certain due to the condo real-estate market, the hikes are inevitably going to take place in order to keep the economy stable. However, it’s not much clarity as to why developers should pay more in premium property prices. For developers of newly developed condo buildings like the Amber 45 condo building located at 45 Amber Road, this means it will force a slight increase in site purchases for future condo building sites. As uncertain as it is, it may even elevate the buying price of new condo units.

Friction in transactions for Singapore condos

The buyer’s stamp duty will certainly cause some friction in transaction volumes throughout the Singapore real-estate market. With potential buyers proving that they are not really ready for the prospect of elevated realty prices, these price hikes are inevitable, especially, if developers have to pay more premium prices for their new developments. With friction inevitability, a clarifying glimpse of the market for Singapore condos may show why buyer are still sensitive to the initial price hike of private condo property.

With the new development condo property market in the earliest stages of recovery from its past 15 quarter decline, the optimism of potential buyers is still growing after the optimism decline for the real-estate market. Although Singapore real-estate prices are considered higher than average property prices, these prices are still within affordable range compared to other areas with luxury real-estate. As the market buyer’s stamp duty rises the sales momentum may take a few years or more before it strengthens the real estate market for new condo developments.

How to keep the friction down for Amber 45 Condo

It’s simple to give all the right methods and strategies for keeping friction down for Amber 45 condo. One method and/or strategy would be to leave the buyer’s duty stamp right where it is and not even think of a hike, until there is more clarity of why the rate hike should be made. The friction will most likely slow the market growth, even though it’s on an upturn. Potential buyers will move slower to purchase newly developed condo properties, due to the buyer’s stamp price.

Why will people be slower to purchase newly developed condo property? Simple to answer, they will have to pay higher prices for their condo units as their BSD rises and higher because developers BSD rises. To avoid this, keep the BSD at the same rate for maybe 3 more year’s time, when it will be easy to understand why it should be risen. Keeping potential buyer active now instead of slowing them down will help to get the real-estate market to grow faster before the 3 years expect market growth strength time is up.

Questions to Ask Property Agent or URA before buying Park Colonial Condo

If you are opting to purchase Park Colonial Condo, there are some questions that you will want to ask your local property agent or the URA. The URA is the Urban Redevelopment Authority of Singapore. Taking charge of your residential condo premises which plays many crucial roles in the way the condo building is being operated. Buying a residential property will certainly come with some important Q&A that will make it easier for you to understand before moving into Park Colonial Condo along Upper Serangoon road at Woodleigh lane.

We will make the journey of acquiring the property a smooth process for you and your loved ones when you have finally decided to settle down in Woodleigh Lane by purchasing Park Colonial Condo. It will be one of the wisest choice in buying this new residential project as you will be a part of the growth in this new town. A second Bishan in the making will certainly be enough to salivate over when HDBs there crosses the million dollar mark in recent years.

Who is URA?

The URA, also known as the Urban Redevelopment Authority, is a board of directors, whom were elected to run or oversees the project admin in its entirety. Areas that the URA focuses on are the financial management of the project, business affairs dealing with the development, the enforcement of rules for the properties, common assets of the entire property and/or areas of the properties. Most of all the URA sees to the overall maintenance and upkeep of the building interior and exterior. The MCST aptly provides the essential elements to protect property values, structure the community within and provide a great place to live in for the owners of residential units.

Questions to ask a property agent about URA:

How accessible and active is the URA?

Many a times, when you’re trying to contact someone from URA, it could prove to be difficult and there are many reasons to this. Probably you want to ask your agent just how accessible they are to the public. If you’re trying to get important documentation before you move into the condo or even if you’re already living in it, you’ll want easy access to the URA for getting the important issues done in a timely manner. The URA holds crucial datas and documentation, most of them are important missing puzzles to questions that you’ll have.

Before you move into a condo development, it’s best to request as many documents as you can, that you’ll need from the URA. Your agent will be able to get the documents from them but most likely after the offer is accepted. The documents of importance that you’ll need includes CC&Rs and by-laws of the building, also the annual budget, special assessments, reserve studies and URA board minutes are some important documents for you to acquire. These documents will also allow you to know how active your URA is and how often they work to keep your building in tip top condition.

What are the URA fees and what they cover?

If you live in a private property in Woodleigh such as Park Colonial Condo, you’ll certainly have to pay certain fees. Maintenance fees are similar but differ in each different condo as they may offer more or lesser amenities. However, it will surely cover most area especially the exterior building maintenance, garbage, water, sewer, undergrounds, pool, community centre, security and much more that the building has to offer the residents. A lot of home buyers who bought other developments were shocked because they are unaware of the fees required that comes along with buying a condo apartment. You should always know what fees to expect, and what they cover from them so that you won’t have the shock of your life after committing the purchase of your new condo.

Still Unsure?

If you’re still in a dilemma on what to expect, please do not hesitate in contacting us here and we’ll assist you further on your purchasing of Park Colonial journey.

amber gardens

The Opus by City Developments

The Opus by City Developments

The Opus by CDL would be the newest condo sitting along Amber Gardens and Amber Road, a masterpiece development representing the veteran developer in the industry. The former Amber Park has been sold through a collective sale process and was awarded to City Developments Limited at a whopping $906.7 million after beating the rest of the major real estate players.

The Opus by CDL will be the rebirth of Amber Park, they were even the original builder of the former condo and have regained the ultimate rights to redevelop it all over again after securing the entire development via an en-bloc sale recently.

The whole project will be masterminded by the experience team and will be built accordingly to the fantastic size of approximately 214,000 square feet land.

The actual details of The Opus have been withheld due to the impending approval rights, thus no concrete price guide and floor plans were available to the public as of publishing date and time.

The only thing we are sure and certain of is, the location in Katong. A historically rich in culture destination that meets eye to eye of the current modern era we’re in.

A Freehold Gem in the East

It is located at an area where it is hugely desired and in demand from both sides of the camp. Locals from Singapore will be attracted by the vast amenities which can be found only in the eastern shore while the foreign communities will be pulled by the close-proximity to both East Coast Park and our World Class Changi Airport (among many others).

The location of The Opus condo will also be unmatched and almost unbeatable when the upcoming Tanjong Katong underground station is almost doorstep away for resident’s convenience. It is only a few stations away from the central prime district area, greatly reducing the time required to travel for work, resulting in more spare time for your family and friends after a long day at work.

Not only is it scoring so highly on the transport network aspect, it is also conveniently sitting across our East Coast Park, where the sea meets the beach and the park. Wouldn’t it be nice to have a quiet moment down the sandy beaches with your loved ones after a romantic dinner night out? There will also be other ground activities including water sports if you’re adventurous enough with your partner or allowing your children to have a go at it.

The Opus

If you’ve been wanting to have a freehold status home of your own where you’ll be able to have a view of the sea every morning, you are at the right place and at the right time now. Most of the units within the iconic condo will have it. Get in touch with them and find out more for yourself now!

8 saint thomas

8 Saint Thomas Condo by Sembawang Estates

8 SAINT THOMAS CONDO (UNDER ONE ROOF)

8 Saint Thomas is a freehold residential development which was awarded to Bukit Sembawang Estates Limited. An investment operating firm focusing on real estate development since 1950. Some of their famous property portfolio work are recognized across Singapore.

Their newest playground, situated at 8 Saint Thomas Walk Singapore is along River Valley Road and one of the most coveted address locally due to its proximity to Orchard road. This is certainly a great asset whose worth is usually expected to increase over the next few years.

The existing site came from 2 plots of land separately, previously known as the Chez Bright Apartment and Airview Towers. They are in close-proximity to the Great World City via River Valley Road and only a few moments stroll away from 313@Somerset.

It offers residents the ease of access to the public transport network and is a location highly favoured by both locals and foreigners alike while seeking for an investment property around the immediate vicinity. Its close-proximity to nearby entertainment such as bars along the Singapore river and the Orchard Central Mall makes it extremely attractive. The community residing around this area are usually high flyers in the society and Orchard shopping belt presents the first-class experience with high-end boutiques and luxurious stores all over the surrounding area.

The builder will be collaborating with an award-winning architecture firm for this 8 Saint Thomas development by featuring 219 units of dwelling across 2 tower blocks, and layouts from one to four-bedroom option for you to choose from.

The 2 modern and luxurious towers will be 35 and 36-storey tall due to the difference in plot ratio. There will be two different direction from both river valley and Killiney area respectively and all home purchasers will have an abundant of choices to choose from according to their preference.

The official builder and architect have thrown in a lot of facilities into the condo during the brainstorming session and luxurious smart amenities within the condo includes almost Olympic size swimming pool, world class gymnastics equipment, kids play area, tennis court, basketball court, bowling alley and 24-hour professional concierge at the beck of your call. It is a super dream home for many people with their families and loved ones.

On top of that, Sembawang Estates has been a reputable builder for many years of track records on their quality home, so buyers will be more assured of during the unit selection moment. If you have been to this location, the score on the convenience and connectivity will be able to justify the price tag against the value of the home in this development.

8 Saint Thomas Condo will reach completion very soon and will be fully operational with smart technology attached to this unbelievable property.

So please, if you are really keen to purchase one or many condo units for long term investment from this new project, you will have to move your hand and leg fast enough to achieve it.

Real Estate Frauds

Common Real Estate Frauds that you must be Aware of

Real estate frauds have become very common today. There are a lot of cases being reported every single day about the people are being cheated and robbed of their properties or hoe they lose the properties to unknown persons. Here we are listing the different ways in which real estate frauds can take place, and it is important that you are aware of what you are doing. There are five possible ways in which real estate frauds can happen. The following is the list of the five things due to which people are being cheated.

Real Estate Frauds

Delay in projects:

In case if there are traces of any frauds happening, you may find that sellers may delay in finalizing the projects or in case of construction the builders might delay the project. In such instances, the buyer must be aware of the reason as to why the project is getting delayed. There could also be a genuine reason for the delay. But as long as you aren’t justified with the delay, it is better that you have a conversation with the concerned person.

Delay in approvals:

Delay in approvals is similar in nature to delay in projects. But the two things happen during different time periods. Project approvals happen during a much early period where the person is yet to begin the project. This can happen when the person has unnecessary financial expectations from the potential buyer.

Ownership frauds:

This is one common type of frauds that are quite prevalent in the market. In the ownership frauds, the title of the property is under dispute and the person selling it hides the issue and sells it to the buyer. In some cases, the buyer will be held responsible for buying a property that is owned by someone else. This is a prevalent type of fraud in the real estate market

Unrealistic offers:

You should always keep in mind that all sellers require margin and it impossible to offers that are beyond a limit. Against this law, if a person is offering discounts, then it is the time that you watch your foot. They are high chances that you land up in trouble. So unrealistic offers are not a part of the market that is as rich as this.

Income from the investment:

Just like the above cases the seller or the builder might come up with business offers that are irrelevant to you, and also they promise reliable returns from them. If you have been a part of the real estate business and if you know the up and downs of the industry probably you might not fall prey to it. But if you are a first timer there are high chances that you might lose track.

Buying Your First Home

Things to Know Before Buying Your First Home

Buying a new home is a dream come true for almost all of us. All is undoubtedly one of the toughest things that you are going to do in your life. Most of you looking out for help are first-time buyers. There are a lot of factors that influence your purchase. These factors make the act of buying a house a complex task, and this makes a lot of people to push their plans for home investments quite always. But do not worry. We are here to help you realize your dream of buying a new house. All you have to do is to remember the tips and you are done. So here are the tips that you should before investing in a new house, especially if you are first-timer:

Buying Your First Home

Decide on the basic facilities:

The first thing that you have to do when you are looking for a new house is to list the facilities that you are looking for in the new house. These facilities that you are looking for will be profoundly influenced by the number of people in the family, your profession, kids and seniors at home and even at times your medical conditions. Only after listing the factors, you will have to decide the type of house that you are looking for.

Measure your Affordability:

Your financial fitness is of paramount importance before you buy a house. It is not a wise idea to invest in a house that is beyond your affordability. It is fine to borrow funds and buy a house but your ability to repay counts. Simply remember one point your assets have to more than your liabilities. Also in most of the countries, there are a lot of financial support facilities that are extended to help the first time buyers. So make sure you avail the benefits and strengthen the financial position.

Strengthen your credit score:

There is something called your credit score. Most of the countries except the south Asian countries follow a system called credit score. The credit score is a means to measure the creditworthiness of a person. This helps the seller analyze your financial credibility. Thereby it is important you strengthen your credit score. This will improve the chance of you receiving good offers and deals.

Check out the location:

Understand the location where you are going to buy your house. The location of your house should match your needs and the external facilities that you would often look for. For example, if you have a senior person at home, it is highly important that your place has a hospital nearby, or if you have kids at home, it is important that you have a daycare nearby.

Do not Compromise:

Especially if you are a first-timer, it is not a great idea to compromise on the deals that you strike. It is agreeable if the deals are beneficial. But if you are buying a house just for the sake of buying it, then you will be put into a situation where you have to compromise a lot. In this case, we would rather advise you to push your plan of buying a house than buying something that you don’t like.