Westwood Residences

Respected property experts, at the recent (PropertyGuru) GuruTalk seminar 2015 at the City Gate Show Suite, informed listeners that mixed use developments were extremely valuable to those looking either for an investment or for a home. Guru Talk is a series of property education seminars and 80 people came to hear the wisdom and insights of Chief Investment Officer, SLP Scotia, Francis Tan and ERA Realty Network’s Key Executive Officer, Eugene Lim.

Investment Talks for Westwood Residences

Mr. Tan’s opening remarks explained the concepts of mixed use developments and went on to speculate as to how they might evolve in the future for Westwood Residences. He said that the combination of residential, commercial, cultural, institutional, and industrial use was common elsewhere in the world, but not in Singapore, because of the clarity of the Singaporean URA Zoning system, which separates industrial zones from residential zones.

He added that there was a possibility that this would not remain so forever and that during the next 20 years, as the mega ports at Jurong and Tuas come nearer to completion, industrial/residential mixed use developments could come to Singapore in Westwood Residences.
Mr. Tan also gave some hints on how to wisely calculate the profit performance of an investment.

Westwood Residences EC Showflat Design

Using the example of investing in some retail space in a mixed use development, he said that whereas most people look at the return on investment or ROI they should really calculate their profit on a return on their equity or ROE, because return on investment ROI is an unrefined formula and its use hides a great many costs. The difference is that return on equity ROE calculates profitability on what you have actually spent or the equity rather than on the total value of the property and gives a far greater yield, a process called ‘gearing’, when investing investors must always think about ‘gearing’ but must not become over greedy in Westwood Residences.

Showflat Design by Westwood Avenue EC

Mr. Lim of ERA revealed that where a mixed use development was sited could greatly affect its value. He specifically labelled the Rest of Central Region or RCR as a “quiet achiever”. Mr. Lim said that URA statistics illustrated clearly that the 20,000 homes sold in the city fringe as opposed to the nine thousand in city area in the past five years, city fringe prices have increased by 51% whereas the increase was merely 38% for city centre developments such as Westwood Residences which has a bicycle theme available for the residents.
Those who attended gained much knowledge and insights on mixed use developments as a viable property investment option.

High Park Residences

Gains from real estate property investment in Geylang is widespread because sources reveal that typical purchase prices of landed property in the neighborhood rose 42% to S$1,128 psf in 2013. However, the comparatively higher asking prices of such freehold properties could have led to a growth inside the quantity being placed for auction in recent quarters for prices in High Park,” Lee explained.

New High Park Condo

More could be looking at mass market condo due to the bank loan restrictions. These restrictions were put in place by the local authorities to cultivate prudent financing in anticipation of rising interest rates from the local authorities with regards to High Park Residences.

Regarding total sales, the number of homes effectively auctioned off rose to 10 during the 3rd quarter from nine within the preceding time period. Having said that, an analysis conducted by many property specialists revealed that Geylang boasts beneficial long-term prospects for owners High Park for real estate property investment in the city state which could be extremely rewarding.

High Park Residences Fernvale Condo

Right now there exist numerous investors that are browsing for projects in the vicinity of the MRT stations as real estate professionals believe condominiums located in the vicinity of MRT stations has demonstrated that price tags d have a tendency to increase as the general economy recovers. Price came from S$988 psf in Q4 2010. In the mean time, selling prices of High Park  increased by 34 percent to $1,384 psf from S$758 psf through the same period.

Quite a few potential buyers with deep pockets are presently hunting all over for high-class properties currently under distress or are actually offered with volume discount rates via the developers. Developers now are more open to discounts on High Park CEL since they currently have to pay for development costs if units be left unsold after TOP.

Highpark Residences Sengkang Fernvale

Because of their tenure of the piece of land, freehold properties are likely to be more pleasing to purchasers in the open resale market as in comparison with lease hold real estate.

Young couples who are seeking for their dwelling homes to invest perhaps might not plan to invest in Geylang as the location comes with a bad appeal pertaining to the sleazy bars together with numerous suspicious amusement outlets.

Particularly, five belonged under owner’s sale, translating towards a success of 6.8 percent as there were 73 residences offered in this segment. Comparatively, a couple of properties out of 70 were purchased this segment in Q2 2014.

Parc Life

A great number of market players are searching for houses in close proximity to the MRT Train station as transportation selections are many together with hence it has caused many of the home asking prices in close proximity the MRT to increase near Parc Life.

Parc Life

In order to carry on along with the knowledge of the local property market for Parc Life EC, property agents have to constantly maintain up to date with their real estate market knowledge so that they can give better help and advice for their clients. Based on Knight Frank’s data, purchase prices in Singapore’s prime housing sector dropped by 7.3 percent in H1 2014. This section contains 5 % of the most expensive Parc Life within the country. Yet, a clear decline in prices is likely to be brought on by another trigger from the worldwide economy, said Mizuho Bank’s Market place Economist Vishnu Varathan.

It is noted that Parc Life EC e-application may have many applications due to the locality as well as Sembawang being a mature estate for many of the residents and there are many HDB upgraders in Sembawang looking for Parc Life in the area.

Parc Life EC

Occupants in Parc Life EC at Sembawang can look forward to the development North Point City, the latest addition for the rising variety of integrated new projects in Singapore’s neighbourhoods near Parc Life. Under HDB’s Remaking Our Heartland initiatives by the town, Nee Soon have been reserved as one of the neighborhoods undergoing a number of transformations to enhance the living habitat of occupants.

The particular town is projected as a everyday living to suit the town’s background as well as options to include lushes of plants and variety of open public transport at Parc Life which will planned in the housing estate. The future housing estate in Bidadari town is going to house the first underground air-conditioned shuttle bus interchange within Singapore, according to media reports.

Parc Life EC Sembawang Frasers

There’ll be a number of amenities within Bidadari estate which will be develop in the next couple of years. Several of the plans incorporate a new shopping establishment next to the existing Woodleigh MRT Station. There will also be brand new temples and church buildings in order to complement the housing HDB estate vibrant historical past. In addition, with the aging population, plans includes a local community medical facility in the estate.