Category: Uncategorized

Guocoland Top Bid for Martin Modern Site at River Valley

According to their assessment of the two new 99-year leasehold sites at Rivergate,Cairnhill Nine and Martin Place, GuocoLand condo may have a fast and easy sale in the current years because of the prime location and amenities nearby. The average size of 450 units will be around 1,067 Sq. Ft. Which measures smaller than Martin Place and Rivergate but is still bigger than Cairnhill residential projects.

The planning, designing and management of site may take time and therefore GuocoLand may launch this condo site in December next year or can also be early 2019.This site will possess not one but much lavish opulence that is already seen in Leedon and Goodwood residence by GuocoLand. GuocoLand could turn this overpriced land into a source of huge profit but they will need to have the right and perfect sales team for their condos. According to market research and people’s need, waiting for few more year for Martin Place Condo launching can gain much more profit and fast business than present market conditions.

Martin Modern Condo Landscape Design at Martin Place

June 30,2021 is planned to be the five years limit for the project to be complete and sell the 450 units. This is a part of Upfront remission condition by 15 % additional buyers stamp duty on condo sites. GuocoLand does not make an overpriced bid alone but in the Martin Place tender, the second highest bid was just 1.2 percent lower than Quek Leng Chan’s bid. The remaining bid was lower than S$1200 per sq.ft. per plot ratio. This deal can prove to bring great profits for GuocoLand it perfectly utilized the construction site potential. We are now looking at the top bid for Martin Modern Guocoland site at River Valley.

Martin modern is a name which you will be hearing a lot about in the coming days. If you are interested in a prestigious address in Singapore, then you won’t get any better than Martin place residences. Martin Modern is a new condo being developed by Guocoland and not just anywhere but near the Orchard in a prime district. It is located right in the heart of the city and has all the things that one can need of in a city nearby. If you like to shop, then it has got shopping malls like Robertson Walk Shopping Centre, and Central Mall at walking distance. Even schools like River Valley Primary School and Outram Secondary School are nearby. So children don’t have to go far from home to study. And one don’t even have to worry about transportation as it is located near to many bus routes along River Valley Road and Havelock road.

Martin Modern Guocoland River Valley Site

A home is something that everybody wants to own. It is a place where one can come back from work and relax. Where one can raise his/her children and make happy memories. So it a very costly investment most of the time and people are very cautious while investing in something like a new home. A person while always look at the location where he is intending to have a home. He wants it to be just perfect. If you are looking for one such location, then Martin Modern is just the place for you. This property is located in the heart of the city. It has all the facilities like school, shopping malls, transport etc. available nearby. According to the plan developed, Martin Modern will have around 450 units consisting of 1, 2 and 3 BHK homes. In-house facilities like gym, pool, clubhouse, BBQ area, garden, and ground for kids are also included in the project.

Guocoland Top Tender at River Valley Site

It is located at such a good location that Civic District for art and cultural treats is estimated to be about at a distance of just 8-min. drive. For Canning Park and Alexandra Park Connector are just about 15 min. walk away. The 450 units of Martin Modern will consist of 1, 2 and 3 BHK homes, with mostly 2 facings, either Martin Road or River Valley Road facing. It is expected that units above 6th floor will get an unblocked view. Since the maximum number of units that can be built on Martin Modern Condo is 450, the average development size is around 1,067 sqft. Guocoland seems to have overpaid for the site based on the top bid.

If you are not worries that the prices of Martin Modern will be very high s it is located in such a prime location, then you need not worry. The prices for Martin place residences have been kept steady around 1800-2000 $/sqft despite the property downturn cycle. The prices were estimated to be about 1900 $/sqft around March 2017. So it is expected to be relatively cheap. So, if you are in need of a new home, and want it to have all the facilities nearby with a really good home address, then Martin Modern Condo is place for you.

(more…)

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.