Read more 3,373 BTO flats launched by HDB for sale within Tampines and Punggol

3,373 BTO flats launched by HDB for sale within Tampines and Punggol

Were you aware that more and more young Singaporeans are going from the parents’ place till they hit 35 or repay?! Surprising right, contemplating one can live rent-free and revel in delicious home-cooked meals! Obviously, the cost to cover is your incessant questions about if you will become married or why you are not getting up to your cousin that is a physician, but at least you do not have to spend just one penny!

Thinking about the current market opinion, it is no wonder homeowners are buying an extra property, just as a way to create rental income. But maintain, it isn’t so simple as buying the cheapest potential new launching condo on the market to make the maximum bang for your dollar.

There are many important components to think about, together with the very important one being the place of their house. Prospective tenants always watch out for just how far the land is from public transportation, especially MRT stations seeing as that is the easiest method to go around.

With that is being said, here are two new releases you will want to consider investing in, viewing all of the advantages they Must provide which can make them a Massive hit among the leasing audience:

Affinity in Serangoon

Located only a couple of minutes from Serangoon Gardens, Affinity in Serangoon is the best spot for you to look at investing into create rental income, visiting as the development delivers a vast assortment of unit choices, ranging from one to four-bedroom flats, penthouses and strata acquired homes.

Located at the favorite Serangoon North place, Affinity in Serangoon will prove popular among tenants considering they will never run out of food choices here.

People who have families seeking to lease here will not be short of college alternatives for their kids. Along with this, in addition, there are multiple secondary colleges, junior schools and global schools in the region, which means that you may anticipate a great deal of kaching!

The Avenir

If you’re searching for a condominium that is sure to be a hit with both the local and overseas tenants, then The Avenir is your very best option. The place is just spot-on, watching as the freehold development is located in the prime District 9 region off River Valley Close.

If this was not enough, tenants will be drooling through the many dining and shopping choices available viewing The Avenir is a brief distance from Singapore’s world-famous cart AKA Orchard Road. Supper places are aplenty also across Killiney Road so you can be certain that your tenants won’t suffer with any Cuban hunger pangs.

Families will leap at the chance to procure a unit as the development is appropriate by a number of the most reputable schools in the nation for example Anglo-Chinese School (Junior), St. Magaret’s Main School and Outram Secondary School. You could also anticipate substantial attention from overseas pupils visiting as The Avenir is near to one of Singapore’s greatest universities at Singapore Management University.

Read more HDB more flexible on requirements for securing public hire flats

HDB more flexible on requirements for securing public hire flats

CapitaLand will Promote The Star Vista to Stone Productions, owner of The Star Performing Arts Centre, for $296 million, the Land Team announced on Nov 20.

The divestment is targeted to be finished by end-2019, and is expected to generate net profits of about $145 million, and a net gain of about $32 million to CapitaLand.

“The divestment of this Star Vista is based on CapitaLand’s active and disciplined asset recycling strategy. Year to date, CapitaLand has divested near $5.7 billion worth of assets, exceeding our annual target divestment of $3 billion,” says Jason Leow, president, Singapore & International, Capitaland Group.

Upon completion of the divestment, CapitaLand will have 19 malls in Singapore, one of which will be under development.

It’s part of a 15-storey integrated development, which contains a 5,000-seat auditorium.

Founded in September 2012, the mall includes three degrees of retail space, using a net lettable area of about 162,500 sq ft.

The mall enrolled an occupancy of 95 percent as at June 30, 2019. Main tenants comprise Beauty from the Pot and LeNu, Canton Paradise Teahouse, Redman from Phoon Huat, Swee Lee and Cold Storage.

Read more GuocoLand’s Meyer Mansion to examine on Sept 7

After its trailer last month, EL Development launched its luxury homes, Pullman Residences Newton, for sale over the weekend. Of 25 units released, 12 have been marketed as at Sunday, Nov 10. Average cost of units sold was $3,000 psf.

The 350-unit, freehold Pullman Residences Newton is a redevelopment of the previous Dunearn Gardens website, that it purchased en bloc for $468 million in April last year. The 95,442 sq feet, freehold website is located only 150m from Newton MRT Station, which will be an interchange station for the North-South and Downtown Lines.

Components at Pullman Residences Newton range from 463 sq feet to get a one-bedroom unit; 667 sq feet to get a two-bedroom unit; 1,163 sq feet for a three-bedder; into 1,378 sq feet for a four-bedroom apartment. Amenities from the upscale, branded homes include a 50m lap pool, a children’s pool, club lounge with an attendant, outdoor dining pavilion, health gym, changing room, tennis court, and a small playground.

“Pullman Residences is a resort branded home with concierge service that the likes of St Regis Residences, Ritz-Carlton Residences and many others,” says Ismail Gafoor, CEO of PropNex Realty. “It is definitely a value proposition as an investment given its location.”

The small take-up rate is a manifestation of”the present market fatigue due to many new launches lately vying for buyers’ attention”, adds Gafoor. But he’s convinced that Pullman Residences’ sales momentum will pick up as time passes,”given its attractive product attributes”.