The Good Class Bungalows are extremely well regarded, because they are so rare. There are only 2,500 in the country. It is important to point out that this indicative price tag is very appealing, particularly when contrasted with the upper median cost of S$1,749 per square foot reported in the second quarter of last year. The Somerset Grand Cairnhill Condo development opportunity at Queen Astrid Park is so appealing because it comes with a great degree of privacy. It stands on raised land, within a rural environment filled with foliage and greenery.
Somerset Grand Cairnhill Condo
A freehold Good Class Bungalow development site in Queen Astrid Park has now been put on the market by tender, with an indicative price of between S$49-51 million. This section includes five percent of the most pricey residences in Somerset Grand Cairnhill Condo Capitaland within the country. This represents S$1300 to S$1456 per square foot.
Particularly, the quarter’s weakened gross domestic product growth is generally produced by slowing building activity, using the sector suffering disappointing expansion of 1.4 percent in comparison with 4.1 percent in Q2 2014. Within the resale market, while some units happen to be priced more reasonably, you can find property sellers expecting to postpone unless market conditions are more beneficial. Alternatively, requirement for Cairnhill Condo is expected to be much better as developers have more agencies to promote projects strategically and creatively in order to attract interested investors.
Cairnhill Condo in Orchard Somerset
Yet, a sharp loss of asking prices is likely to be brought on by an outside induce from the worldwide economy, said Mizuho Bank’s Market place Economist Vishnu Varathan. In spite of this for Somerset Cairnhill Condo, price corrections have greater concern. said CIMB bank’s Regional Economist Seng Wun Song. Based on Knight Frank’s data, price levels in Singapore’s prime housing sector dropped by 7.3 percent in H1 2014. Featured the authorities’ desire not to let go the house and property cooling measures especially the Total Debt to Service ratio (TDSR) at this point, real estate investors continuing to undertake a wait-and-see method and cheaper properties offshore as many of the causes having acquiring appeal down for Somerset Grand Cairnhill Condo.
Cairnhill Capitaland Condo
However, it is still very quick to access from Holland Village and Orchard Road. In the second quarter of 2015, the average cost for detached properties with a land space of 150,00sq foot and over (within Districts 9, 10, and 11) stands at S$1,410sq foot. Weakened opinion in Somerset Grand Cairnhill Condo Capitaland as well as chances of even further price decreases will slow down the number of sales transactions volumes within the private real estate market, especially of resale homes, said Propnex.
The site is situated close to Holland Road, at the intersection of Queen Astrid Park and Coronation Road West. It spans 35,011sq feet and is, at the moment, home to a single floor detached residence.