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Government launches three lots for tender

The three lots are expected to provide approximately 2,000 residential units to the market. The interviewed analysts said that due to the impact of real estate cooling measures, the bidding situation is not expected to be too intense. Only EC at Tampines Ave 10 may attract up to 10 bids if demand exceeds supply.

The Urban Renewal Authority and the Housing Development Board launched three tenders under the Government Land Sale Programme (GLS) for tenders, which are expected to provide about 2,000 residential units to the market.

The interviewed analysts said that due to the impact of real estate cooling measures, developers should continue to be cautious and the bidding situation will not be too intense. Only one of the executive condominium (EC) locations may attract up to 10 bids if demand exceeds supply.

The three sections that the government launched yesterday, in addition to the EC (Tampines Ave 10 EC), also include a private plot and a white lot.

 Among them, the private residential area launched by the Urban Renewal Authority is located on Kampung Java Road, with a total floor area of ​​about 3,602 square meters. It is estimated that 435 units can be built. The EC site launched by the Housing Development Board is located at Tampines Ave 10 EC with a total gross floor area of ​​about 69,928 square metres. About 695 units can be built.

The above two lots are on the 99-year title deed on the list of government land sales plans. The deadline for open tenders is 12 noon on January 15 next year.

Another white location, launched by the Urban Renewal Authority, is located in Marina View, which is used by interested developers to “hook out” on the government sale list. This site is expected to build 905 private units, 540 hotel rooms, and commercial floors of approximately 2,000 square meters.

375 units sold in two days, Piermont Grand set EC price record

This year's first new executive condominium (EC), Piermont Grand, sold 375 or 46% of its units in the first two days of the opening from 17 July 2019, with an average selling price of $1080 per square foot, setting a record for the highest price of EC. .

The Piermont Grand in Sumang Walk is jointly developed by City Development (CDL) and TID.

Urban Development issued a statement on Sunday that as of 6 pm, 375 of the 820 units were sold, making it the best-selling real estate project this year. The project has three to five bedroom units ranging in size from 840 to 1701 square feet with a starting price ranging from $888,000 to $1.58 million.

According to the statement, 245 units of buyers are the second home buyers, accounting for about 30% of the total number of units. According to the current regulations of the Housing Development Board, 30% of the units at the time of the opening of the EC are reserved for the second home purchasers. As a result of the full amount, the second home purchaser who could not buy a house this time can purchase from the remaining units after one month.

The last launch of the EC project, Rivercove Residences, sold about 500 units at a record price of 965 yuan, about 80% of the total, when it opened in April last year. Now 628 units have been sold out, and the median price is about $1,000.

Summary of latest One Meyer Condo Review

This is the digest based on the latest review of One Meyer condominium by

The much desired new condo of Q1/2019 has finally arrived! Introducing One Meyer, a super rare luxury freehold condo project situated right in the center of East Coast (Meyer Road) in District 15, one of the most prestigious and upmarket districts in Singapore. In addition, this new launch is also one of the few condos in the area where residents can have vantage sea view without the traffic noise coming from ECP, because of the Katong Park in front.

According to JLL who participated in the purchase of One Meyer, this was the 1st time the residential property was offered for bid. This attractive land obtained bids from more than 12 property developers ranging from small to big firms. Several factors may have led to the high number of bidders. First, One Meyer is well located next to the future Katong Park MRT set to be operational in 2023 which is part of the Thomson East Coast line. Next, the site has a seafront and terrific clear view of the Katong Park, just 5-stop away from CBD. This will allow the future residents of One Meyer, e.g., cyclist, to go to the CBD via the cycling track of the beach. Sustained Land Ltd successfully won the bid with the price of S$69.1 million. (Under|According to|Based on} URA Master Plan, One Meyer site occupies 23,400 sq ft with an allowable GPR of 2.1, and its land rate is calculated to be around S$1,409 when the development charges are factored. Sustained Land wants to re-develop the 10-storey high One Meyer into an 18-24 storey high enough for up to 65 units each having an average size of 753.5 sq ft. The GPR will increase from the current 2.09 to 2.1. However, their development plan is subject to approval by the authorities in charge of height control.


One Meyer is located at the junction of Meyer Place and Meyer Road in Katong, an area exclusive to private condominiums. You can get to One Meyer via a variety of transport options, be it public or private. Long travelling time by bus to other parts of Singapore will be shortened with the operation of Thomson-East Coast Line in year 2023. At that time, Katong Park MRT is next to One Meyer condominium. Driving to many places of interest in Singapore is also pretty fast with Singapore Sports Hub below 7-min and CBD/Changi Airport no more than 15 minutes via highway. While 23,400 sq ft is not a big condo project, One Meyer provides exclusivity and privacy. This single block condo featuring a glass-facade appearance will definitely be the stunning jewel in Mayer Road. With reference to price list of 2-bedrooms, One Meyer is considered a good buy if launch price is about S$2300-S$2400 according to competitive market analysis. Seaside Residences, a 99 year leasehold project, transacted at average of S$1900psf, is located in the opposite end of East Coast.


Talking about shortfalls - as a small condominium means One Meyer will not provide so many varieties of facilities that other bigger projects provide, like The Belvedere and The Waterside nearby.

Check out One Meyer news at TODAY

Amber Park Freehold Condo by 2023 - The highly sought afer project

City Developments (CDL) and Hong realty (a subsidiary of the Hong Leong Group) have acquired ownership of Amber Park in the en-bloc sale in Singapore. Although the en bloc sale attracted top players in the industry, CDL eventually won the bid with Amber Park Price reaching about S$907 million in one of the largest JV in the region. The sale price of Amber Park CDL represents a land ratio of about S$1,515 per square feet ppr based on the the allowable GPR of 2.8 without development expenses on the redevelopment. Hong realty and Cityzens Development list the 200-unit involved with Hong realty owning a 20% stake of the project. Based on the 2014 master plan, Amber Park condo site occupying 213,670 sq ft is a place for residential developments. Every of the individual owner of the condo is set to receive gross purchases proceeds averaging between S$4.3 million and S$8.3 million. As the original developer of the prior 200-unit Amber Park developed in 1986, CDL state that they understand the best what is suitable for the area. The company aims to redevelop the area to house luxury condos including up to four 25-storey buildings with approximately 800 units plus a car park in the basement, a plan requiring review and agreement. According to CDL, most of the units at Amber Park condo will be developed with a North-South facing orientation which enables the future residents of Amber Park to enjoy the stunning seaview. This future iconic landmark is expected to be an ideal investment deal in the residential Market of Singapore. The unparalleled development place will benefit both investors and CDL in view of the fact that 999 years properties in Singapore are scarce. Upon completed, the Amber Park condo will offer an ideal area for families whom work in the area to secure an amazing living space.

Amber Park condo locates in well developed area which makes it a highly sought after place. With several concurrent projects in the place, it very likely will yield many benefits to the residents. In addition the strategic location enables Amber Park condo to have the exceptional connection to other areas of Singapore as well as access to various amenities. This zone is well known for the rich cultural heritage and delicious foods, and is close to malls such as Parkway Parade and I12 Katong, as well as good schools like Tao Nan and Ngee Ann Primary, Tanjong Katong Primary, and CHIJ (Katong).
Amber Road, and the surrounding private residential area, has long had a loyal following, from both locals and expats because of its location: a short walk to the sea and to East Coast beach, and within 15 minutes drive from the Raffles CBD, Marina Bay, and Changi International Airport. In addition to attractive locational characteristics, a unique advantage of the place is its freehold status, something that is increasingly scarce in Singapore, said Mr Sherman Kwek, CEO-designate of CDL. With all these reasons including the stunning sea views, as well as its proximity (290 metres, within 4 minutes walk) to the future Tanjong Katong MRT station due for completion in 2023, strong demand is expected for this project.

City Development Ltd is a major real estate developer that operates in numerous places around the globe. The Singapore listed developer has grown its presence in 100 locations covering 28 countries as well as territories. It is also one of the largest companies in terms of market capitalization with a stable income and a diverse portfolio that contains serviced apartments, hotels, offices, shopping malls and integrated developments. The company has operated in the real estate industry more than 50 years offering services in real estate management, investment, and development. In the past, the company has built over 40, 000 houses and it owns a total of 18 million square feet lettable floor area globally. Its key localities of operations include Singapore, Australia, Japan, UK, and China. CDL’s London based and listed subsidiary, Millenium & Copthorne Hotels plc is a leading hotel chain word wide. It has over 135 hotels globally located in major gateway cities. With a proven track record of 50 years, the developer has developed more than 40,000 homes globally and got many prestigious awards, such as, Quality Excellence Awards, Building and Construction Authority Awards, Workplace safety and Health Awards, etc. For more than 20 years, the developer has been aiming for green innovations to build bold and inspiring green buildings for a better tomorrow. With these proven track records, future home owners of Amber Park could anticipate a luxury home to stay upon completion.

Continue to read: Amber Park developer.

Treasure At Tampines Showflat

The world has become a smaller place due to the airplane and also because of the growing population. It has arently develop into the fact that commodities and services also have be expensive due to the progress in matters too. For that reason, most elements of the world have started applying what's referred to while the minimalist strategy. From the minimalist strategy because the word implies, is use the little of that which people have. This strategy is somehow being implemented in home businesses because spaces in many cities are becoming limited. So fundamentally what developers or builders do is launching projects like construction skyscrapers, higher increase, etc.. This is done so that it might accommodate more matter and also people.

treasure at tampines showflat

The notion of technology within the field of structure has seen improvements and changes in types of machinery that aid in construction too. With such ease, developers can build high rise buildings that may accommodate a huge number of men and women. The population of earth keeps rising annually and its own entirely immaterial to state that land mass is also growing as that will be more impractical. Therefore, what developers or contractors have come up is the idea of building a high increase where people can either rent it or obtain a flat in it.

Since urban individuals have to think about the fact that perhaps not all can get a brand new plot and construct a new location, they must stay in apartments and apartments. But , they will have the choice to select from whether they would love to purchase the apartment or lease. Treasure At Tampines Showroom is actually just a job where individuals can purchase flats. Treasure at tampines showflat additionally has it has registrants the option to select from a variety of flats starting from 1 5 rooms. The project encompasses over 2, 000 units and also has a neighborhood where children can go to school near, parks for recreation, stores, etc..

treasure at tampines showroom

The website treasuresat-tampines. Com is a page where the clients can get further information for availing the home support. Additionally, it has provided other necessary contact information in order that it's clients may also enquire on other services and perks that they can get when they chose to purchase a flat at the treasure at tampines showroom.



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