CategoryReal Estate

Stable Real Estate Investments in Singapore During Covid-19

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The novel COVID-19 has taken the whole world by storm and dragged everyone into panic-buying. Financial and investment predictions have been quashed, sending investors into a puzzling array. The pandemic has penetrated virtually all countries in the world. Businesses were put on a standstill, as movements and socializing were restricted. However, buying and selling of essential items was still invoke. Like every other sector, the real estate industry has not been left unscathed. No one can predict when this pandemic will end and when the economy will revert to normalcy.

Source: https://affinityatserangoonville.sg/

In Singapore, a plethora of real estate investors is on the lookout for crises-buying of properties.

But, is it advisable to put your money on the line by investing in a real estate property during this wavy time when the global economy is unstable?

Affirmative! But only if you discover the real estate investments that are stable and profitable during this pandemic. Despite the ravaging effects of the pandemic, some real estate projects have showed the green light and are quite promising and profitable. For instance, the Affinity at Serangoon project, Avenue south residences project at Singapore have shown glimpses of stability and profitability. Affinity at Serangoon within the period has announced the complete sellouts of their heritage units. However, their peak and horizon choice units are still on sale.

A plethora of investors would prefer to wait and see the economic trend before buying a property. Meanwhile, buyers will be attracted to buy if the property is sold at a profitable price and at a nice location. Of course, this is applicable to resold and newly-launched properties. Singaporeans are already in the property market, as lots of developers are very sensitive to the prices of projects. Estate property companies have received massive requests from interested investors who have made enquiries about the pricing and other important information about the units. There is additional information as per the heritage, peak, and horizon units. There are updates in the prices of the various bedroom apartments in Avenue south residences.

These developers have made giant strides in securing the lives and futures of their clients. They have put the necessary precautions and preventive measures in place. They take turns in screening visitors and ensuring that they complete the health declaration form. More so, booking and other procedures are done with social distancing in mind. Customers, investors, and other consumers are organised in small groups.

Sequel to the relaxation of total lockdown in Singapore, real estate companies has adopted innovative strategies in their operations. Affinity at Serangoon gives room for virtual bookings, presentation of units that are on sale, pricing information’s, etc.

Customers are allowed into the facilities and showroom after booking an appointment. A show flat viewing time slot is assigned to all buyers to curb overcrowding. They have efficient mechanisms for implementing contact tracing. If you intend to see these facilities, then you have to go along with your face mask.

A peep into their prices indicates the inevitability of profitability in investing in the condos at Affinity at Serangoon.

Certainly, the economy in the post-COVID world will take a different turn, and acquiring a stable property at this time will turn out to become one of the best decisions for any investor.

Within the suburbs of Singapore is the Riviere condo by Frasers and it is very promising. Being a new premium private project, it is open for the second phase of the easing measures. Every modality have been put in place for a safe and productive investment experience during the pandemic period. The showroom will only witness very few visitors who before coming will have to book appointments for time reservations. Virtual sighting of the sites and home units are made available for would-be investors

The price tags are very commendable, as it suits a wide range of purposes. The prices of the Riviere condo are as stated on the price page of their website. In addition, the condo has a very appealing heritage, warehouses, and many lifestyle developments.

Another stable real estate property that Worths huge investment during the pandemic is the Amber Park condo. Situated within close proximity with MRT, investors in Amber condo are assured of comfortable housing units. While opening the doors of the showroom to investors, the condo will implement all the preventive measures including social distancing, and crowd control. Before visiting the property, all customers are requested to make an appointment to book a visiting slot. If you are visiting the Amber park condo, kindly do so during your appointed visiting time slot and you must go along with your face mask, else you will be denied entry. Visitors who have travelled overseas during the previous two weeks are advised not to visit the facility. Make use of the contact form to book for your physical visit. However, you can still embark on a virtual tour of the condo and the showrooms to know whether they meet your desired specifications.

On the whole, it would be best if you consider investing in these facilities as they are stable enough to accrue massive rewards during and after the pandemic.

Sengkang Grand Residences: Press Release from Official Announcement Site

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Sengkang Central

The Sengkang Grand Residences is a residential condominium property in Sengkang Grand, which is comprised of apartments, retail shops, as well as community facilities, that include a chain of charming dining and on-the-go restaurants, a community club, and a day-care for children. All these facilities are exclusively available for Sengkang Grand Residences’ residents.

Sengkang Grand’s Residences are developed by a duo, which are two of Singapore’s best and most experienced real estate companies, it’s no doubt why this residential development will attract many people and most importantly, investors that seek the opportunity to invest in property development that is worthwhile.

The two real estate agencies include City Developments and CapitaLand Limited. Both agencies, share the goal to work together to transform and redesign the entire site, turning it into a unique architectural landmark development in Singapore. The project is designed with the purpose to combine a professional work element, along with an entertainment element.

The Sengkang Grand Residences Location

The condominium development is located in District 19, which is on the corner of Sengkang Central and Compass vale Bow and will be easily accessible from the closest stations in Buangkok (NE15), the Renjong Station, as well as the Ranggung LRT Station. It is additionally, also located right next to its closest MRT station, which will allow residents to have direct access to transportation amenities from the residential site.

With the project being currently under construction, a total of 682 units is expected to be erected.

The Buangkok station is also located on the North-East line, which leads to Serangoon, Clarke Quay, Doby Ghaut, Chinatown, Outram, as well as HarbourFront stations.

Apart from having a lifestyle center of its own, the property is located close to the NTUC Fairprice, and both the Giant compass vale Bow, along with the shopping mall. Other shopping malls located close to the property development include Compass Point Mall, Compass One Mall, Seletar Mall and Hougang Green Mall.

The Sengkang Grand Residences Unit Mix

With 682 units designed and constructed, these units range from one-bedroom to five-bedroom units, which listing prices may range from $1,450, 000 and its listing PSF, from $1,604,000.

Sizes are as follows:

  • One-bedroom units – 424 – 474 square feet
  • One + One-bedroom units – 517 square feet
  • Two-bedroom units – 616 – 775 square feet
  • Two + One-bedroom units – 775 – 861 square feet
  • Three-bedroom units – 904 – 980 square feet
  • Four-bedroom units – 1152 – 1173 square feet
  • Five-bedroom units – 1302 square feet

Sengkang Grand Residences Closing

The Sengkang Grand Residences is regarded as a building extravaganza, which meets nature and all your daily perfect lifestyle needs, all located in one location. The developers themselves have also designed a specific payment arrangement plan, which includes deferred payment options, and even incorporates discounts to residents.

The Sengkang Grand Residences property development site’s individual, dual, and the entire residential development’s floor plans can be viewed on the website itself once released, for which a viewing can also be arranged once units are complete.

For more information, please refer to the original source at http://sengkanggrand-official.sg

The Opus (Formerly Amber Gardens) sold for S$906.7 million to en bloc

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Updated Condo Website, Source: https://amberparkshowflat.com.sg/

The Amber Park (Now The Opus) in Singapore which covers a 200-unit development in Amber Gardens has been sold to two privately owned companies. The Hong Leong Group purchased Amber Park for a value estimated to be S$906.7 million.

Among the units involved in Singapore’s latest collective sale of Amber Park are listed Hong Reality and the City Developments’ fully-owned subsidiary Cityzens Developments(CDL). Hong Reality as a shareholder of this project holds a 20% stake. Besides, it is the private real estate branch of the Hong Leong Group.

According to the 2014 Master Plan, the Amber Park site(approximately 213,670 sq ft) is meant for residential use. The gross plot ratio was to be 2:8. Depending on the technical height regulations imposed by concerned authorities, Amber Park Site may be renovated and developed so that it can sustain the increase apartment development of about 24-26 storeys.

In a statement, on Wednesday,4th of October, Mr.Tan Hong Boon(regional director at JLL) said that so far they have received eight bids for tender. He also claimed that the bids for tender is very competitive and it is keenly contested.
Sources indicate that the value(S$906.7 million) under which Amber Park was sold translates to a land rate of around S$1,515/sq ft per plot ratio. This is in reference to the initial gross plot ratio of 2:8. Remember, development fees are not payable for the proposed development. History shows that this the 4th time that Amber Park was offered for sale collectively.

Mr.Tan in his statement claims that apart from Amber Park Site in Amber Road location, there are no many sites of the same size that are there for redevelopment in Singapore. He says that majority of the bigger projects have been sold en bloc. They have also been redeveloped for the last couple of years.Mr.Tan also noted that there is a high chance of Amber Park being one of the last collective sale sites that has a land area of over 200,000 sq ft in the city.

Under the sale which the Park was sold, its owners anticipate getting gross sale proceeds that range from S$4.3 million to S$8.3 million for every owner. Elsewhere, CDL claims that is conversant with the District fifteen locale.CDL is proud of itself by developing the current 200 unit Amber Park in 1980s and finished it in 1986.

Hong Reality and CDL are planning to redevelop Amber Park Site to become a want way destination for people in Singapore. The site will consist of four storey building that has up to 800 units with a basement carpark. This proposal is subject to approval. Majority of apartments will comprise of a North to South facing orientation. Most units will also have commanding sea views.

Mr.Kwek Sherman( CDL C.E.O/designate) noted that when they won tender for redeveloping Amber Park in 1980s, it was one of the most vital investment deals in the country of Singapore residential market in recent times. He says that they were honored to redevelop the site into an iconic landmark(for the opus) that offers freehold status in Singapore.

Award of Tender for the Commercial and Residential site at Sengkang Central

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SengKang Central

Breaking recent news is an announcement by the Urban Redevelopment Authority-URA that two companies have been awarded the tender for a commercial and residential site at Sengkang Central, Singapore. The two, City Developments Ltd-CDL and CapitaLand managed to beat their other two shortlisted counterparts to bag the winning bid prized at $777.8 Million which translates to $923.6 per square foot per plot ratio- (psf ppr). These companies are now gearing to set base on the 3.7 hectares of land which holds the title for the largest commercial and residential tender ever won since 2015.

Background history of the winning tenderers

The City developments Ltd was founded on September 7th, 1963 and in 1965 the company finished its first 200 housing unit project. From then on, the company continues to break new boundaries in its quest to acquire, develop and sell property.

On the other hand, one of Singapore’s most profound development companies is CapitaLand. With an unbeaten record and enviable portfolio, CapitaLand has built, serviced apartments, malls, homes, and offices spread across 150 cities in over 30 countries throughout the world. The company’s main works can be seen mainly in China and Singapore and slowly exploring other prime areas like Vietnam and Indonesia.

This joint venture aims at developing the awarded land into a one-stop shop with a total of 700 apartments, retail shops, hawker center, childcare areas, public rail and bus stop, and three floors housing the community club. The two companies intend to have this mega project completed by 2022.

Tender details

The Sengkang Central tender project was unveiled on December 28th, 2017 and later closed June 21st, 2018. Seven concept proposals were forwarded by six companies with one of the companies forwarding two concept proposals. All participants were asked to present their tender prices in one envelope and the concept proposal in a different envelope.

At the shortlisting stage, the envelopes of the four successful contenders bearing the tender prices were opened. Thereafter the tenderer with the highest bid was awarded the rights to work on the project in question.

The project is considered prime owing to its favorable proximity to other Major sites in Singapore. For instance, the proposed community project will be located only 20 minutes away from the Central business district if you are driving and 25 minutes from the Dhoby Ghaut MRT Station.

Details regarding Concept Proposals

The Concept Evaluation Committee-CEC gave all six companies a chance to present their tenders before them. Thereafter, the CEC concluded that only four proposals were viable and were in line with all the requirements. The four shortlisted candidates included;

1. The winners, City development Ltd and CapitaLand who set their bid at $777.8 Million
2. Perennial Singapore and Qingjian Realty who proposed a bid of close to $682 Million
3. Singapore Press Holdings and Kajima Development who proposed their bid at $636.39 million
4. Wing Tai Holdings and Keppel Land bidding at $608.9 Million

In their proposals, the successful tenderers carefully demonstrated their building designs and layouts. They explained further how they would effectively cater to a large number of people who would regularly frequent the place. The winning proposal provided commendable solutions such as beautiful landscapes, pedestrian-friendly areas which would prove necessary in public places on the ground and first floors. They included well-designed spaces aimed at holding events and other types of gatherings.

Sengkang Park

Brief History of Sengkang

Sengkang Central was originally a fishing village known as Kangkar. In the mid-20th century, Sengkang was covered in numerous pepper, rubber and pineapple plantations. It was until 1994 when efforts began to turn the small town into a largely residential area. It was therefore divided into seven subzones which continue to undergo development to date. The first apartment building commonly known as a flat was built in 1997 in the Riverdale subzone. Now, there are numerous flats with over 65, 981 housing units in the whole of Sengkang. In a bid to turn it into a residential town, the Housing Development Board continues to approve numerous projects. Sengkang is located on the Northeast parts of Singapore and sits on prime fertile land, what with river Sungei Punggol and river Sungei Serragon, SengKang boasts of beautiful landscapes and vast greenery. The town has a population of over 232,100 people and sits on 22,000 Kilometers of land. The small town has a robust transport system that features private means, bus and the most preferred is the modern rail transport system.

South Beach Residences is about to boom, here’s why.

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Back in 2016 when South Beach Residences TOP and launched its preview, the hyped up Luxury Condominium halted sales and preferred a vacant period to selling off to the hype. Citing reasons, “Sometime in 2014, CDL, South Beach Residences’ developer, turned down an offer of $26 million for one of its penthouses citing imperfect timing to launch the project. It did not wish to sell any unit until market conditions were suitable.”

This quarter of 2018, CDL reannounced plans to put South Beach Residences back to the market, suggesting that the market is right and primed for real estate. This could potentially mean the property outlook is strong for the next few years and while prices are rising, it is a great opportunity to spring into the first wave of purchases before prices skyrocket due to market speculation.

South Beach Interior

What is South Beach Residences all about?

South Beach is the epitome of the definition of an integrated development. Situated right in the heart of the most happening and busiest district of Singapore, the development will consist of 5 Star Hotel, upscale Grade A Offices, Luxury Retail, Ballrooms, Business Centres and restaurants. South Beach Residences gives the opportunity to own an ultra-luxury residential unit in this mega-development. Jointly developed by City Developments Limited and IOI Group, South Beach is located next to the Esplanade MRT and City Hall MRT and within Downtown.

The Condo itself includes about 500,000 sq feet of office space, 190 apartments, a 654-room hotel, about 37,000 sq ft of retail space and a 29,000 sq ft private club. You can guess why it attracted an excited crowd especially investors from around the region. Everyone wants to get a foot into this prime condominium since its becoming of an integrated resort-like development like the previously acclaimed Marina Bay Sands.

Property boom in 2018

Previously mentioned, we expect the real estate market to go nuts in 2018. This is in line with what we observe thus far: More and more new condo launches with up to 6,000 residential units up for grabs in Singapore. “This year, 18 private residential projects with an estimated 6,000 units were launched for sale, says Ong Teck Hui, JLL national director of research. He foresees about 20 projects being launched next year, yielding 8,000 to 9,000 units. Ong’s forecast for new home sales in 2018 is 11,000 to 12,000 units.” Up from 11,000 projected sales in 2017, this is roughly an 8.3% increase in projected sales. In fact, there has been a 38% increase in sales as we moved from April to May. No wonder South Beach Residences has always been ready for this moment – they wanted prospect buyers who are able to an ultra-luxury development like this!

JW-Marriot-Hotel

What makes South Beach Residences so attractive?

Being an all-integrated mega development (the 29,000 sqft private club makes it crazy alone!), here are the main reasons why South Beach Residences is so attractive:

  1. Iconic Architecture
  2. Surrounded by Iconic Buildings and Monuments
  3. Ultimate Convenience – Dining, Retails, Drinking, Clubbing under 1 Development
  4. Access 3 MRT Lines via underground walkways
  5. Spectacular Views
  6. Destination in its own right
  7. Truly the “One-In-A-Million” Development, made for the wealthy

To quote from the developer:

“Fine craftsmanship. Thoughtful finishing. South Beach Residences caters to the most discerning. Each unit is furnished with quality appliances and fittings from leading international brands such as Miele, Duravit and Keuco, infusing every unit with a sense of modernity and timelessness. Exquisitely designed, these homes set the benchmark for urban luxury.”

South Beach Residences CDL Developer

Since South Beach Residences is developed beside the CBD, the site itself is fantastic. Get views of the sea, Singapore CBD skyline and the Marina Bay reservoir area all under 1 roof with a good bird’s eye view of the city landscape. Furthermore, the condo is rich in heritage too – The south-west face will open onto the War Memorial Park which houses the Civilian War Memorial monument. This is one of Singapore’s most famous heritage landmarks (completed and unveiled in 1967). It is highly unlikely this site will ever be redeveloped anywhere in the near future. Beyond that is the Padang and Esplanade Park which are open greenery space. This will probably be where the prime stacks will be facing as this frontage offers the best-unbridled view of the CBD skyline and the Marina Bay area.

A Luxury Development alongside Positive Real Estate Outlook

In Mathematics, you learn that two positives create a greater output. And here’s the situation developing for South Beach Residences. On one hand, a highly reputable development with incredible amenities, prime location, and one of the best views in the city. On the other hand, a property outlook that looks like it’s ready to charge into a bullish movement anytime. Which is why we think that South Beach Residences is set to boom for 2018.

In case you were wondering, the unit sizes are atypical of Singapore housing – they are fairly huge (Of course with a greater price to pay):

Unit types: 

  • 88, 2-bedrooms (968 – 1647 sqft)
  • 61, 3-bedrooms (1,733 – 2,260 sqft)
  • 35, 4-bedrooms (2,282 – 2,627 sqft)
  • 3, 3-bedroom penthouse (3,581 – 5,048 sqft)
  • 2, 4-bedroom penthouse (4,127 – 5,629 sqft)
  • 1, 5-bedroom penthouse (5,768 sqft)

The current prices psf are not officially released yet, and we advise interested buyers to contact us to get an early preview during the relaunch, together with any E-brochures disbursement.

How the surrounding area – South Beach Avenue – makes the development even better

Enough about the Condo, let us take a quick dive into what makes the area so special.

South Beach Residences is located right at 38 Beach Road, surrounding South Beach Avenue. South Beach Avenue spans 32,000 sqft located within the basement, street level and conservation heritage buildings, South Beach Avenue has attracted many crowds from the Civic District. With direct connections to Esplanade MRT station and City Hall MRT interchange, many can now seamlessly enjoy convenient access to dining establishments and drinking experiences in South Beach Avenues’ expansive and generous spaces and exquisite.

For the foodie, South Beach Singapore is home to 16 dining and lifestyle concepts, including more than 10 restaurants, cafes and drinking places. You’ll never get to miss a day without a drink or two (Or a good night out!)

So be ready to enjoy your lifestyle when you finally decide to be a resident of South Beach Residences!

South Beach Residences by CDL

Finally, how to find out more about South Beach Residences?

Learn more about the project details and the Condo itself when you visit our main page at https://southbeachresidences-official.sg. For those who want to get a more personalized touch and an experienced consultant to understand and help you plan for the best suitable units for your purchase, then simply drop us an enquiry email at here.

References:

  1. https://www.propertyguru.com.sg/new-project-launch/reviews/south-beach-residences-upcoming-project-preview-128703
  2. https://sg.finance.yahoo.com/news/residential-outlook-2018-000000223.html

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