Lake Life EC by Evia Real Estate

In conclusion, the shopping experience in Tanjong Katong is a truly fulfilling one, with its variety of shopping centers catering to the diverse needs of residents. And with the emergence of the Emerald of Katong Condo, the neighborhood’s retail landscape has only become more alluring. So come and experience the Emerald of Katong Condo and discover the true Emerald of Katong. One of the most coveted residential developments in Tanjong Katong is the Emerald of Katong Condo, which offers a luxurious and exclusive living experience.

Tanjong Katong, a sought-after locale in Singapore, is renowned for its cultural significance, lively community, and plentiful leisure options, rendering it a highly desirable residential choice. Its prime positioning, in close proximity to the city hub while still providing a serene and relaxed ambiance, adds to its allure. Amidst the plethora of residential properties in Tanjong Katong, one that stands out is the prestigious Emerald of Katong Condo. This opulent development offers a privileged and refined lifestyle.

The Urban Redevelopment Authority (URA) has set ambitious goals for the development of Beauty World, with a strong emphasis on sustainability and eco-friendliness. Through the implementation of their Master Plan, the URA aims to transform the area into a sustainable neighborhood that prioritizes the well-being of its residents. This vision not only promises a comfortable living environment, but also promotes responsible and forward-thinking practices for the benefit of all, including the Park Hill community.

The shopping centers in the Park Hill neighborhood are more than just places to shop – they also serve as hubs for community gatherings, cultural festivities, and seasonal merriment. These events bring a strong sense of togetherness and energy to the area, providing residents with opportunities to fully engage in the diverse cultural offerings of their neighborhood. With these enriching experiences readily available, the livability of Park Hill is taken to new heights.

Arina East Residences, a prime residential development, offers convenient access to the Marina Coastal Expressway (MCE), an integral component of Singapore’s expressway system. With its strategic location, residents have easy connectivity to other expressways such as the East Coast Parkway (ECP) and Kallang-Paya Lebar Expressway (KPE). Additionally, the MCE also connects to the Ayer Rajah Expressway (AYE), providing direct routes to the western areas of Singapore and important business districts such as the Jurong Lake District. Furthermore, the Central Expressway (CTE) is just a short distance away, offering a direct route to the northern parts of the island and the bustling city center.

Moreover, the MCE is a vital link in Singapore’s transportation infrastructure, providing seamless connectivity to various parts of the island. With Arina East Residences located near the MCE, residents can enjoy convenient and efficient travel options to key locations within Singapore. This includes the bustling central business district, the popular shopping district of Orchard Road, and the vibrant nightlife of Clarke Quay.

In addition, the MCE offers residents a more direct and efficient route to popular tourist destinations such as Sentosa Island and Marina Bay Sands. With the MCE at their doorstep, residents of Arina East Residences have the luxury of exploring the best of Singapore’s attractions with ease.

Nestled in the heart of Singapore’s vibrant cityscape, One Sophia Condo is a luxurious oasis designed to Park Hill let its occupants bask in the best of all the city has to offer. From the bustling shopping enclaves of Dhoby Ghaut, Somerset, and Orchard Road, to the booming culinary scene, One Sophia naturally offers residents the perfect blend of urban convenience and cosmopolitan charm.

Residents of One Sophia will also have the benefit of being close to some of Singapore’s most prominent junior colleges. Catholic Junior College, home to an exceptional academic program and exciting student life, is just a short drive away. Additionally, Raffles Junior College, highly esteemed in the country, is easily accessible, providing a challenging atmosphere that encourages mental and individual growth. One Sophia condo owners will no doubt be appreciative of its proximity to some of Singapore’s top junior colleges, which are major for pre-university education. One Sophia naturally.

The TEL presents prospects for upcoming augmentation that will further link the Lentor district with the rest of Singapore. When the line is completely running, it will be to the advantage of citizens to have direct access to the Woodlands North MRT station, which works as a switch with the future Johor Bahru-Singapore Rapid Transit System Link.

Next to Lentor Mansion Guocoland is Hillock Park, a picturesque landscape of natural beauty. This park is meant to be an extension of residents’ homes, joining them with the outdoors. With its rolling hills and lush valleys, it provides a perfect area for leisurely walks or more energetic runs. It also includes planned children’s play areas and open grassy areas which are sure to make it a hit with families looking to enjoy quality time in the great outdoors.

Thomson Plaza is a gem among its vicinity, offering a tranquil shopping environment for those who want to avoid the hustle and bustle. It features an interesting array of boutiques, bookstores, lifestyle stores, and eateries. Its peaceful atmosphere and varied stores make Thomson Plaza the perfect place to take a leisurely shopping trip or meet up with friends for a coffee or a meal.

Living in Jalan Loyang Besar EC provides a number of advantages, with two of the most notable being its convenience and proximity to shopping malls. White Sands Mall and Changi City Point are two popular shopping centers near Pasir Ris MRT Station, providing locals with a variety of retail outlets, dining establishments, and services that cater to the needs of Jalan Loyang Besar EC residents. White Sands Mall offers groceries, fashion, electronics, and other amenities that are essential for day to day life. Changi City Point has an extensive range of retail outlets, restaurants, and entertainment options such as an interactive playground and movie theater. Jalan Loyang Besar Residences are perfectly situated to take full advantage of these two shopping malls, providing convenience and variety for its residents.

Residents at Jalan Loyang Besar Residences now have improved access to healthcare services, providing them with their much-needed health and wellness requirements. This ensures that their health-related needs are met while they enjoy their stay at this luxurious residence. Furthermore, the proximity of essential medical services such as hospitals and clinics makes accessing healthcare services easier and faster for the residents.
Jalan Loyang Besar Executive Condominium is one of the upcoming projects located in the district of Pasir Ris. Residents of this condominium will have access to exclusive amenities, such as an Olympic-sized swimming pool, a gym, a tennis court, a basketball court, and a functional area for yoga and other activities.

In addition, the Orchard Boulevard Condo GLS Tender offers its residents the unique privilege of having modern amenities within the condominium itself. Residents are able to enjoy the infinity pool, Jacuzzi, gymnasium, community club house, BBQ pits, recreational areas, tennis courts, jogging tracks and other facilities.

In sum, the Orchard Boulevard Condo GLS Tender offers a desirable living experience by being situated in Singapore’s glamorous District 9 and the Orchard Boulevard MRT Station in the proximity of the abundance of shopping centers in Orchard Road. This provides an unprecedented level of convenience and access to many other amenities for the residents of the Orchard Boulevard Condo. With so much to offer, the Orchard Boulevard Condo GLS Tender is an excellent place to call home.

The restaurants offer al fresco dining that overlooks the Holland V development, giving you an almost panoramic view of the amazing architecture and vibrant community. Whether you’re craving a delicious meal or just need a peaceful and restful break, this unique view of the Holland Drive Condo development is worth savoring. Many of the restaurants boast award-winning chefs and serve up a variety of cuisines from around the world. You’ll be able to choose from a variety of international cuisines such as Chinese, Japanese, Italian, and more.

There’s something for everyone at this delightful al fresco dining spot at the Holland Drive Residences. With its stunning view, award-winning chefs, and variety of cuisine, al fresco dining at Raffles Holland V is sure to provide a one of a kind experience. Whether you’re a local or just visiting, you’re guaranteed to find a delicious and relaxing dining experience at the Holland Drive Residences.

The URA Master Plan has identified zones for commercial and business growth in Holland Village, a development that could benefit Holland Drive Condo greatly. Featuring a wide range of retail, dining, entertainment and other services, the area will be further enhanced by the addition of new residential developments such as Holland Drive Residences. Coupled with its excellent connectivity to major expressways, Holland Drive Residences stands to benefit from the neighbourhood’s vibrancy and increasing buzz.

Residents of Marina Gardens Lane Residences Condo will benefit from the exceptional connectivity to different parts of Singapore. Direct access to Marina South MRT Station makes it easy for people to move around, while the major highways in the area grant smooth car travel. Thanks to the public transit system, all of Singapore’s attractions and facilities can be accessed with ease. Therefore, life at Marina Gardens is made even more convenient due to its easy accessibility.

Situated in an enviable location near the stunning Marina Bay, the Marina Gardens condo offers its residents mesmerizing vistas of the sea as well as the proximity to some of the city’s most famous natural attractions. Right next door, the Gardens by the Bay provides Marina Gardens Lane Residences GLs Tender inhabitants a tranquil escape without having to venture far, thanks to its teeming plant life and futuristic Supertrees. This intimacy with nature creates a sense of peace and equilibrium which makes Marina Gardens an ideal residential destination.

The Jurong Regional Line (JRL) will further boost commercial development in the Jurong area. This development will take the form of new business hubs and parks, providing a vast selection of employment opportunities. Lumina Grand EC owners might find themselves able to work near their home, thanks to the shorter commute of the JRL. This could result in a significant improvement in work-life balance as well as saving precious time

Upper Thomson Road Condo is a prime residential development that supplies its occupants with grand city living in a naturally encompassing environment. Its advantageous setting, organized design, outstanding conveniences, and focus on sustainability make it a desirable spot to live. Even though the sound from nearby highways and the notable cost may repel some, the plenteous advantages offered by this condo easily surpass those negatives, making it an ideal option for those searching for a lavish urban way of life. It also has a great reputation for preparing students for success in their post-secondary studies and careers.

The Thomson-East Coast Line (TEL) is set to redefine the area of Upper Thomson, with its completion by 2024. Accompanying this transformation is the upcoming Upper Thomson MRT Station which will bring about immense potential of both residential and commercial development. Connecting the area to key locations such as Orchard, Marina Bay, and the East Coast, Upper Thomson can look forward to increased accessibility and attractiveness to residents, businesses, and visitors alike.

Living at Lorong 1 Toa Payoh Condo offers much more than just the luxury of its condos. What makes the estate so attractive is the combination of modern amenities, cultural heritage, and a lively community atmosphere. Residents can take advantage of the vibrant food scene, great shopping opportunities, and the unique charm of Toa Payoh. This combination of urban living and elements of a bygone era offers a unique lifestyle that blends the best of both worlds.

The URA Master Plan for Toa Payoh Town offers an inspiring outlook on the town’s future development, which will be incredibly advantageous for the occupants of Lorong 1 Toa Payoh Condo. Improved connections, more abundant greenery, sophisticated infrastructure, and a plethora of commercial openings all await with this Plan. Local culture will be safeguarded too, making Toa Payoh a particularly attractive area to live in. As a result, it is highly likely that the value of assets in the region will improve, making Lorong 1 Toa Payoh Condo a smart choice for those looking to invest in property.

Situated in a strategic locale, Lorong 1 Toa Payoh Condo offers an abundance of educational possibilities for families in their vicinity. In the vicinity are a plethora of esteemed schools ranging from primary to junior colleges and even international institutions, thus enabling parents to make the best choice for their children’s education that fits their needs.

Mixed-use developments, such as the Tampines Avenue 11 Condo, offer residents an improved lifestyle with a range of amenities, including leisure, entertainment and wellness offerings. This provides ample opportunities for relaxation and recreation, as well as fostering a sense of community with the presence of a dedicated local club. Here, residents can take part in a wide selection of activities.

Residents of Tampines Ave 11 Condo who own cars will be pleased to know that parking facilities in and around the area are both secure and spacious. With ample space and multiple levels, these facilities are well-lit, thus providing residents with the assurance that their vehicles are safe and sound.

The most defining feature of Hillhaven Condo is its accessibility to nature. The property is surrounded by numerous nature reserves such as Bukit Timah Nature Reserve, Dairy Farm Nature Park, and Bukit Batok Nature Park, providing an urban retreat that encourages residents to connect with nature. Here, residents can enjoy activities like a revitalizing morning hike, wildlife spotting, or merely soaking in the calm atmosphere. These green spaces offer a valuable respite from city life, positioning Hillview as an ideal residence for those yearning for tranquility within the urban setting.

Despite its peaceful environment, Hillhaven Condo is not isolated or remote. In fact, the location is well-equipped with a variety of modern amenities tailored to meet the diverse needs of its residents. Shopping complexes such as HillV2 and the Rail Mall offer numerous retail stores, eateries, and essential services for the convenience of everyday living. Furthermore, for residents seeking more, Orchard Road’s vibrant shopping district is only a short drive away, providing unlimited leisure, shopping, and dining possibilities.

Tengah Plantation Loop EC Shopping Centre is one of the most popular shopping centres in Singapore. It is located in the heart of the city, near the Tengah Plantation Loop, and offers a variety of shopping and dining options. The shopping centre is known for its wide range of products and services, from apparel to electronics, as well as its attractive location and convenient amenities.

In addition to the above, HDB ECs are subject to a Minimum Occupancy Period (MOP) of 5 years. This means that owners have to stay in their EC for five years before they can sell it on the open market or invest in private property. However, this MOP requirement is not relevant to all EC buyers.

Bukit Batok EC is a hybrid public-private development that will be built on a 37,348-square-meter site. When completed, the development will comprise 375 units. It will have a supermarket, food court, and childcare facilities on the ground floor. Its prime location in the city’s CBD will make it appealing to investors and homebuyers alike.

Developers are attracted to the location of Bukit Batok EC because it offers a combination of private and HDB upgrades, at prices much lower than most private condominiums. In a matter of less than a year, the development’s first phase, Le Quest, sold out. An estimated eight to twelve prospective buyers bid on each unit. The winning bid was $241.2 million, or $650 per square foot.

As a hybrid between a private condo and HDB flat, Tengah EC offers a plethora of amenities. Located near the Tengah Garden Walk, this EC is expected to launch in H2 2020. The development will feature 615 units spread over 22,020 square meters. This eco-friendly project is also close to the city center.

The Tengah EC is a green community. It is located near Bukit Timah Nature Reserve and Tengah Plantation MRT station. It has eco-friendly features such as green belts. It also has recreational facilities for its residents.

This development is also home to a town centre, an integrated community hub, and a sports hub. The development will be connected to the Jurong Region Line and neighbouring towns by a 100-metre-wide forest corridor. The development also has plans to have new neighbourhood centres, which will be linked to various transport nodes.

Senja Residences EC Nearby shopping centres include Bukit Panjang Plaza and Ten Mile Junction. The area is also convenient for commuters, as the city’s main commercial district is only 20-25 minutes away by car. Other attractions nearby include Bukit Panjang Road and the Bukit Timah Nature Park. In addition, residents will find a bus stop outside the development. There are also several bus stops located nearby, so transportation is easy.

In terms of convenience, the Bukit Panjang Integrated Transport Hub and the adjacent expressway are easily accessible, reducing the need to drive or take public transport. Residents can walk to the Bukit Panjang Integrated Transport Hub and to the city’s many shopping centres and offices. The neighbourhood is also easily accessible, thanks to its proximity to major roads and highways. In addition to being close to the city centre, Senja Residences EC Bukit Panjang is near several country clubs.

Junction 10, also known as Ten Mile Junction, is a shopping centre in Bukit Panjang, Singapore. It is located at the intersection of Choa Chu Kang Road and Woodlands Road. It was previously known as Ten Mile Junction. As of 2015, the mall has undergone a complete makeover. It features a plethora of retail and dining options. The mall was designed by renowned architects whose work has adorned some of the world’s most iconic buildings.

Located at the junction of Woodlands Road and Choa Chu Kang Road, Senja Residences EC mall is home to several popular restaurants and food outlets. It also has educational centers, health and beauty salons, electronics, lifestyle stores, and a Giant Grocery Store. Besides shopping and dining, the mall also has a gym. It houses Celebrity Fitness, where members can exercise, lift weights, or join TRX classes.

In addition to HDB upgraders, the new Bukit Batok EC project is also set to cater to the growing demand for private housing. The only private residential project in the area was Le Quest, which debuted in August 2017. The new Bukit Batok EC is expected to receive at least 10 bids and the highest bidder will pay between $630 and $661 per sq ft per plot ratio. However, as this is a new project, it is not guaranteed to sell out quickly.

The bukit batok EC will span an area of around 12,449.3 square meters and have a maximum gross floor area (GFA) of 37,348 square metres. The development will be home to approximately 375 units. The project is located at Bukit Batok, a mature estate with established schools and retail centres. In addition to its proximity to Bukit Batok MRT Station, the development also has a central park and is expected to be ready for occupation within two years.

The development is located in a prime location in the city-centre, a 10-minute walk from Bukit Batok MRT station. The site is also close to future high-rise residential sites and the Bukit Batok Hillside Park. However, this location is not ideal for families as it is surrounded by busy residential streets. If you are looking for an affordable place to buy, then the Bukit Batok EC may not be the best option for you.

Lake Life EC comprises of 5 blocks and 546 units and has a total height of 20 storeys. Located beside Taman Jurong Shopping Centre as well as a short walk away from Jurong Stadium, many of the facilities in the area are within a short walk from Lake Life EC. For movie goers, there are plenty of choices to choose from in the Jurong East area. Lake Life EC represents a unique city living lifestyle for your family and love ones.Eugene Lim, KEO at ERA Realty thinks the rental prices to decrease an additional five to six percent drop by year end. Nicholas Mak, Research Head at SLP International expects a 4-6 percent drop. For the longer term, Christine Li, Research Head at OrangeTee, is expecting a drop of around 10% by end-2015. Real estate property agents attribute the challenge to less than normal demand due to a shortage of renters. The truth is, land lords already have lessened the rental prices to be able to compete for renters, whose figures are generally limited stemming from lower number of foreign workers.

For nature lovers, the Japanese Garden presents an opportunity for your family and friends to gather in the serene nature by the lakeside. The Jurong Gold Course is also just around the corner to have a round of gold with your business partners and associates.

There are also many facilities available in Lake Life EC which include a swimming pool, gym, tennis court, outdoor fitness area, function room and BBQ pits around the development. For home owners who prefer to stay in their condos instead of hanging out in the shopping centres, Lake Life EC presents an opportunity to entertain your friends & guests in the comfort of their own homes.

Jurong Terminus at Jurong Country Club

A large number of analyst feel that the selling prices will certainly increase as desire among property investors stays robust. Property analysts pointed that real estate selling prices drop is the general insufficient interest . Despite slow growth within the Singapore property market, professionals views that there is still properties in Singapore that remains worth taking a look. Here are a few suggestions and strategies for real estate professionals with regards to advertise home in spite of the current market place conditions. We ought to present an posting just for this information with relation to XXXXX before long.

Sellers are now more than happy to negotiate, it said. Notably, high-class residences have been hardest hit from the government’s various house cooling steps, together with asking prices dropping for 6 successive quarters. Inside the 3rd quarter of 2014, deluxe home asking prices fell 0.9 percent quarter-on-quarter, carrying out a 1.5 percent drop in Q2 2014. In the mean time, only 1 condo had been sold in Sentosa Cove in H1 2014, further showcasing the lack of sales in the high-end real estate property segment.

General Weaker views on the property outlook and the potential for even more decrease in prices will limit the number of sales transactions quantities inside the private housing market, said ERA. The report highlighted the authorities’ reluctance to unwind the home and property cooling measures especially the TDSR during this period, interested investors continuing to undertake a laid back approach and rosier investment opportunities abroad as examples of the factors maintaining purchasing appeal down. From the resale market, while many units are already selling more realistically, there are home sellers planning to hold off until such time as current market conditions are more constructive.Conversely, need for new projects is predicted to hold up better as developers have more agencies to list projects strategically and creatively to draw in real estate investors.

Lake Life EC

Transport options available at Lake Life EC are unparalleled. Located off Yuan Ching Road and Coporation Road, cabs and buses are aplenty around these roads and this makes Lake Life EC a choice location for your next home. Lake Life EC is located a short distance away from Lakeside MRT Station. Travelling to various parts of Singapore via MRT is therefore very convenient and at your finger tips. For car owners, the Ayer Rajah Expressway (AYE), Is just a short drive away for you to travel to other parts of Singapore.

Lake Life EC is also located near very famous institutions in Singapore such as Yuvabharathi International School, Hua Yi Secondary School and St. Anthony’s Primary School.

Preview for Lake Life EC is coming soon. Please do register your interest for showflat viewing.

Other Launches

December 2022 records: 5-room DBSS in Jurong West sold for S$858k, 2-room HDB in Choa Chu Kang sold for S$318k

The previous document holder for a 5-room HDB resale level in Jurong West was likewise at the very same development yet surrounding block 138B. In August 2022, a 1,130-sqft unit within the 13th-15th floor variety was cost S$ 805k (S$ 712 psf).

Completed in September 2014, Lake Vista has a remaining lease of 90 years 9 months. It comprises 682 systems across 3-, 4- as well as 5-room level kinds.

Would you like to understand how much your home deserves? Or perhaps you’re considering providing your property available? Allow us understand, and we’ll have an expert connect to you!

Most of the 5-room devices within Blocks 138B to 138D of Lake Panorama deal with the slim, open field location bounded by Corporation Drive, Hu Ching Road and Yuan Ching Roadway. Their balconies forget low-lying structures formed by the Yuvabarathi International College as well as Jurong Senior High School, with Jurong Lake Gardens to the east and also northeast.

Being on a high floor, the record-selling unit probably has an awesome view of this “view”.

We ought to emphasise that this growth is nowhere near any kind of MRT station (Lakeside MRT station is about 2.2 kilometres, or a 27-minute leave). It is, however beside the SuperBowl Jurong buying area (with a Sheng Shiong grocery store) and is a brief drive along the AYE to the Tuas Second Web link checkpoint.

The previous record established for a 2-room level in CCK remained in June 2022, when a 495-sqft system in the very same block (10th-12th flooring array) was sold for S$ 305,000 (S$ 616 psf).

The new sale also exceeded the document embeded in the adjoining town of Jurong East, where the current owner is a 1,324-sqft, 5-room (Enhanced) HDB resale level at 288D Jurong East Street 21, sold for S$ 805,000 (S$ 608 psf) in April.
Blocks 138B to 138D of Lake View Yuan Ching Road
Blocks 138B to 138D of Lake Panorama DBSS forget low-lying buildings developed by an international school as well as Jurong Senior high school.

Yuan Ching Road Condo

A 5-room HDB level in DBSS growth Lake Panorama, along Yuan Ching Roadway, has actually just been cost a document S$ 858,000 in December 2022, making it the most costly 5-room HDB resale flat in Jurong West.

The 1,163-sqft device, situated within the 19th-21st floor variety at block 138C, was cost S$ 738 psf, which is likewise a psf rate document for 5-room flats in the area.

Independently, a 495-sqft, 2-room (Design A) HDB resale level at 535 Choa Chu Kang Street 51, located within the 7th to 9th-floor variety, had actually simply set a record for 2-room flats in the town when it was cost S$ 318,000 (S$ 642 psf) in December 2022.

The closest MRT terminal to Block 535 Choa Chu Kang St 51 is Yew Tee MRT terminal, about 800 metres away or about a 10-minute stroll. Choa Chu Kang MRT terminal is south of the block, which is approximately 1.3 kilometres away (about an 18-minute stroll).

The emphasize of this block is that it encounters Limbang Park and also is next to the Limbang Shopping Centre. The advancement is referred to as Limbang Meadows, with TOP on September 2011 as well as a remaining lease period of 87 years and 9 months.

Singapore Real Estate Investment Benefits From Flight-to-safety Among Investors

At the same time, Tokyo remains to appreciate aner-zero rates of interest atmosphere which makes sure lower loved one borrowing costs as well as a more positive spread over the price of financial debt.
These were the findings from the 17th edition of the Arising Fads in Real Estate Asia Pacific Report by the Urban Land Institute and PwC., which was published on Thursday November 24.

This lacklustre sentiment was mirrored in a 38% y-o-y fall in local transaction quantities in 3Q2022 to US$ 32.6 billion. This was the most affordable 3Q volumes for a years in the area, the record claims.

Investors should take a much more cautious strategy on brand-new property acquisitions in some Oriental markets and pivot their emphasis from conventional property courses towards a selection of specific niche locations that offer brighter outlook, the record states, adding that this can consist of protective havens as well as new-economy themes.
The checked realty players highlighted multifamily, hotels, elderly living, and logistics industry homes as defensive places. At the same time, protective property would certainly feature beneficial features such as rental fee indexation, much shorter lease term, and dependable frequent revenues.

The report is based upon a survey of 233 realty experts as well as 101 interviews with investors, developers, residential or commercial property company reps, as well as lending institution brokers.
On the whole, the record kept in mind a downtick in capitalist view amidst concerns over the climbing price of debt, higher rising cost of living, as well as an impending economic crisis. These elements saw lots of financiers decide to suspend purchase activities up until estimates of global price walks end up being more clear.
“Rising rates of interest and the reducing global economic situation are starting to influence regional property valuations and transforming the method capitalists analyze possible offers,” states David Faulkner, head of state of ULI Asia Pacific.

Singapore, Tokyo, as well as Sydney rank as the leading three markets among investors. Singapore benefitted from the redirection of funding that might or else have actually been released to possessions in JCube Condo Capitaland Mainland China and Hong Kong.

Bukit Batok EC

Savills: Private residential rents at highest levels in 24 years

On the whole, residential leasing volume in 3Q2022 increased 20.5% q-o-q to a total of 25,382 purchases. This is the largest quarterly rise in leasing quantity given that 3Q2020 when rental purchases rose 34.6% q-o-q.

Notably, Savills highlights that the top two projects with the highest possible non-landed residential housing are newly finished projects in the Rest of Central Region (RCR). They are Stirling Residences and also Park Colonial.

Savills keeps in mind that the month-to-month rental accomplished at those 2 projects is comparable to those at noticeable developments in the Core Central Region such as The Sail @ Marina Bay ($ 6.24) as well as Marina One Homes ($ 6.64).

Bukit Batok West Avenue 8 EC

On EdgeProp’s building study tool, individuals can find details of a personal property development.

Rents of landed and non-landed houses videotaped quarterly increases of 10.9% and also 8.3% in 3Q2022. According to Savills Singapore, the rental index of these home kinds struck document levels in 24 years since the beginning of the URA time collection in 4Q1998.

Using EdgeProp’s research devices, Stirling Residences has a typical rent of $7.1 psf per month (pm), while Park Colonial has an ordinary rental fee of $6.5 psf pm.

The interest rate hikes that is recurring brought about proprietors boosting leas as their home mortgage settlements are expected to boost simultaneously, states Savills

“Come 2023, the supply crunch in the rental market may reduce and openings numbers may increase when 18,234 brand-new exclusive property systems are finished,” claims Alan Cheong, executive director of Savills Research. “Lease boosts may slow down in 2023 as need moderates and also brand-new supply comes online,” he claims.

The property leasing market is expected to continue to be limited for the remainder of the year, the consultancy claims.

The variety of landed residences being rented out in 3Q2022 increased to 1,812 purchases, up from 1,228 deals in 2Q2022. At the same time in the non-landed sector, Savills notes that were was a “sharp q-o-q boost” of 18.8% to 23,570 purchases last quarter.
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“The surge in leasing volume of residential homes came with the return of foreign pupils and expatriates– as border restrictions and also social distancing steps reduced– coupled by citizens seeking for temporary substitute homes as well as hold-ups in completion of brand-new houses,” states Savills.

According to Cheong, “based on historical relationships, 2023 will certainly be an important year to see if rental fees will certainly correct due to the convergence of the financial cycle”.