Check Out The Hottest Singapore Property Deals For….

November 2011:
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Parc Vera

Nestled among nature’s beauty while benefiting from easy access to the city and amenities
Residents can also cycle, jog and enjoy a leisurely stroll next to wildlife including herons, terns and kingfishers
Comprises four 18-storey blocks on a 168,246 square feet organised in a U-shape formation around the pool, barbecue pits and clubhouse.
Easily accessible to major expressways including the KPE, PIE, TPE and CTE, with the Hougang and Kovan MRT stations and bus interchange nearby

Mandarin Gardens

One of the most sought after condominiums along East Coast
Each unit is well spaced out with large balconies facing the sea.
Near the East Coast beach, seafood restaurants, Parkway Parade Mall and eating outlets.
Driving to the city takes around 10 minutes and 5 minutes drive to the Changi International Airport.

Nottinghill Suites

Freehold development located in district 21.
Expected to be completed in 2016, it will comprise a total of 124 units.
Close to the future Beauty World MRT Station.
Facilities at NottingHill Suites include gym and swimming pool.
The schools in the vicinity are Canadian International School-Elementary, Bukit Timah Primary School and Pei Hwa Presbyterian Primary School.
Several shopping centres located within walking distance, such as Bukit Timah Shopping Centre and the upcoming Beauty World Plaza.

Flamingo Valley

Traditionally one of the sought after private estate in the East (Holland Village of the East)
Unblocked view + Exclusivity (Part of the exclusive Frankel / Opera Estate)
Less noise and traffic compared to the high density areas of Amber / Katong area
District 15 is the most sought after location in Singapore!

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Singapore Property Market Review: 2011

Singapore is one of the smallest nations in the world but despite its size it has successfully sustained its economic growth through the second half of 2010, in large part due to the Singapore property market. This is highlighted by its yearly growth increase of 19.3% over the past year. The construction industry is responsible of recording one of the fastest growth rates with 13.5% for the second quarter compared to 10.2% in the first quarter of the year. This means that a successfully sustaining this growth would mean a substantial increase of about 3.3% per quarter. This is relatively huge considering the bleak prospects of other economies in the region and the uneven growth experienced around the globe.

Judging by the Asian market, Singapore is expected to be one of the countries to have the greatest gains from the property market. So for investors, the Singapore Property market should look very attractive. Although there may be a slight increase in the property prices all indications point to a positive outlook that will have the economy growing at an envious rate of 15.5% per annum. The increase in the property prices are seen as moderate enough to be considered as negligible risk compared to the relatively high income predicted over the next couple of years basing on the upward trend of the economy and better employment possibilities in Singapore. Taking into account the past year, a 25% increase in private residence purchases during the first quarter has built a momentum that is expected to continue for the next 24 months. The demand for property from home buyers is pegged at about 70% leading to an excited market and investors trying to take advantage of all positive indexes.

Figures from the investment sales sector showed renewed strength especially during the second quarter of last year with a 24.3% increase over the previous year covering the same period. This resulted in investment sales of approximately $12.83 billion which is already higher than the $10.54 billion total investment sales for the year 2009. The increase is attributed by many observers to the aggressive land buying tactics of developers who race against each other in an attempt to cater to the growing demands. Approximately $3.25 billion worth of acquisition for the second quarter alone was generated from both the public and the private sectors.

New Singapore Property Opportunities

Successful acquisition of state lands as well as tender offers from attractive districts resulted in the development of billions of dollars worth of real estate. Within the public sector majority of the investment sales were in the form of leasing. Close proximity to the Mass Rapid Transit system also attracted multiple bidders because of the projected profitability from the residential sector. In fact, a huge chunk of the earnings was contributed by the residential sector which was pegged at roughly about 66.6% of the total sales. Another determining factor that is pointed out by many observers is the sizable development of suburban areas to cater to the hunger for well-placed residential areas which qualify under the Government Land Sales program. This program produced $1.85 billion worth of land sales from 11 qualified sites which is part of the reason for developers scampering to take advantage of the projected upward trend for the coming years.

light and airy tropical house 1

Hunting for fresh residential sites has been a common site primarily due to the limited supply of land from the private sector. In return, the government has been reaping the rewards with developers focusing on at least 18 potential locations within Simei Street alone. The keen competition for land and the aggressive development efforts from private companies is one of the reasons why Singapore is projecting a continued positive growth for the real estate industry in the next couple of years. Such projections are not entirely unfounded as many sales have already exceeded various market expectations. Many private companies are not discouraged by the seemingly escalating prices on properties because many of the proposed development projects are so attractive that buyers are already lining up for early purchases.

Many properties which have been assigned for the development of executive condominiums are being fought over by many developers with sometimes exaggerated bids. One such example is the development site at Sengkang East Avenue which fetched $176 million or $321 per square foot which is the highest ever recorded for any development site for executive condominiums. The increasing demand for housing lands has prompted the government to release a new batch of lands which have been designated for residential development under the Government Land Sales program for 2010. This new batch of lands is made up of 55 development sites with 34 being immediately reserved just a few days after the list was released. For any market watcher this is a sure sign of positive growth that will not be arrested for some years to come. For land developers who are currently taking advantage of this surge, they have contributed to the building of 13,095 units for private residential use.

Singapore Property Forecast

Of all the property Singapore has to offer, the ones chosen by most expatriates are private condominiums and apartments. These structures allow residents to share common compound and facilities, so they basically get a community within a larger community. These properties come in various sizes, from low-rise blocks to large, high-rise condominiums. The units also range from smaller, studio type units, to family-sized 4-bedroom units. These properties are strata-subdivided, with the common areas being owned and managed by a Management Corporation. From the outside, they have common look, but on the inside, it’s up to the owners to dictate how their properties look. These Singapore properties are fully furnished, with good quality finishes, great landscaping, basement car park, and come equipped with recreational facilities that you and your family can definitely appreciate.

Another property Singapore type is the landed property. These landed properties are houses with gardens. This property type includes bungalows, semi detached housing, and even terrace units. They have private garden compounds or garages, depending on the property that you get. However, there are ownership restrictions when it comes to landed property, so before you decide to get one, you need to consult a legal expert regarding this matter. If you are a Singaporean or PR the last option that you can explore is the public housing. Usually referred to as HDB flats, this type of property is built and maintained by the Housing and Development Board. These are mostly owned by the occupants, while some are being rented from actual owners who live somewhere else. This type of Singapore property is located in housing estates or self-contained towns complete with clinics, schools, supermarkets, and other facilities required by the residents.

The momentum built by the continuous sale of prime real estate and aggressive development efforts makes the Singapore Property market one of the most attractive in the Asian region and perhaps the world. Investment sales on completed buildings also turned out credible transactions in terms of value. There is no sign that the continued land acquisition by many developers will stop in the next few years. This is because it continues to be fueled by the demand coming from both the private and the public sector who continue to invest even in outlying suburban development areas. So if there ever was a time to sink your feet into the Singapore Property market, now would be it. You can begin reaping the rewards in as early as the following year with the rate aggressive development is dishing out Singapore property sales.