Five-room HDB flat at Tiong Bahru View sold for $1.2 million

In April, a 1,205 sq ft, five-room, build-to-order (BTO) HDB flat at Tiong Bahru View in Bukit Merah was sold for a record $1.2 million. This is the first time that the price of a standard HDB flat surpassed non-standard flats such as Pinnacle@Duxton units, DBSS (design, build and sell scheme) units, terraces and maisonettes, according to OrangeTee & Tie (OTT).
Tiong Bahru View comprises three 40-storey and one 25/30-storey residential blocks with a total of 700 units of studio apartments and three- to five-room flats. It will reach its five-year minimum occupancy period (MOP) next year. Special approval has to be obtained from HDB for a flat to be sold prior to the end of its MOP.
This is not the first time that the sale of a five-room flat at Tiong Bahru View crossed the $1 million-dollar mark. In December, a similarly sized unit in the same block was sold for $1.15 million in a deal brokered by Cindior Ho and Edmund Tan, both associate directors at PropNex.

Chip Eng Seng previews Parc Komo at average price of $1,450 psf

The mixed-use development in Upper Changi is positioned as the most affordable freehold project launch in 2019

When listed construction and property development group Chip Eng Seng Corp paid $248.8 million for the en bloc purchase of Changi Gardens in October 2017, it was at a 27% premium to the owners’ original asking price of $196 million.
 
Still, Chip Eng Seng is previewing the new project, Parc Komo, on May 17, at an average price of $1,450 psf. “A lot of leasehold projects are already priced above that,” says Michael Ng, executive director of CEL Development, the property development arm of Chip Eng Seng. “Such pricing for a new, freehold project will be very difficult to repeat.”
 

8 St Thomas: Fulfilling aspirations for a coveted address

Bukit Sembawang Estates Limited (BSEL), a property developer with more than half a century’s experience in both landed and non-landed private homes, has once again demonstrated its ability to understand and satisfy the aspirations of homeowners with its latest luxury project, 8 St Thomas.

 

The 250-unit project is situated in the tranquil St Thomas enclave, off the prime River Valley neighbourhood in District 9. Designed by acclaimed architectural firm, DP Architects, the freehold development was completed in January 2018. It contains a wide spectrum of unit types, from one-bedroom apartments of 441 sq ft to four-bedroom, dual- key units of 1755 sq ft, as well as a penthouse of 2,422 sq ft.

Under the Hammer: Duplex at Sant Ritz going for $1.55 mil

A duplex, two-bedroom unit at Sant Ritz in Potong Pasir will feature at Edmund Tie & Co’s (ET&Co) auction on May 22. Offered in a mortgagee sale, the unit has a guide price of $1.55 million ($1,253 psf), says Joy Tan, head of auction and sales at ET&Co. This is the second time the unit will appear at an auction; it was first featured at ET&Co’s auction last month.

The 1,238 sq ft unit is one of 39 SOHO-style row units. They are two- and three-bedroom units of 689 sq ft to 1,786 sq ft. The entire condo comprises a 19-storey residential block of 202 units, as well as a five-storey block of row units. The 99-year leasehold development was completed in 2016.

 

The subject unit might appeal to singles or young couples who want to live in a convenient location next to an MRT station (Potong Pasir), a shopping mall, and served by a major expressway. It also features a roof terrace that offers extra space for a small garden and entertainment area, says Tan.

The unit is being sold on an “as is where is” basis. The previous owner was in the midst of renovations to the living area, kitchen, and the roof deck. “Unfortunately, works were not completed and thus the new owner will have to undertake all further renovation works on the unit and obtain any required approvals and documentation,” she says.

 


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Canberra EC site launched for tender

 
HDB has put an executive condominium (EC) site at Canberra Link in Sembawang up for sale by public tender. The 99-year leasehold site is the only EC parcel of five confirmed list sites under the first half-2019 government land sales (GLS) programme. The Canberra Link parcel, which spans 179,651 sq ft, can yield up to 385 residential units. It has a maximum gross floor area of 413,194 sq ft and a maximum building height of 45 to 55 metres.
The tender for the parcel will close at 12 noon on July 3. It is the second EC site released in the area. The previous tender , which closed in September last year, was hotly contested with Hoi Hup Realty and Sunway Developments beating out eight other bidders with their bid of $271 million, or $558.22 psf per plot ratio (ppr). The site can yield up to 495 units.

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Canberra EC site launched for tender

Hong Kong investors take advantage of a correction in Singapore’s property prices

 

Singapore’s property prices have continued to fall since the last quarter of 2018, declining 0.7 per cent between the final quarter of 2018 and the first quarter of 2019, but Colliers International estimates home prices will stabilise in the second half of 2019 and grow 1 per cent overall.

 

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Singapore Market EdgeProp SG

Hong Kong buyers are likely to flock to the Singapore market while prices were still low, Law said.

Meanwhile, Colliers International estimates Singapore home prices will stabilise by the second half of this year as it expects the market to have digested the cooling measures.

Read more: https://www.edgeprop.sg/property-news/hong-kong-investors-take-advantage-correction-singapores-property-prices

 

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Where would The Avengers live in Singapore?

With a sad-ending on the Avengers: End Game where Tony Stark was killed during the war with Thanos. Is there a possibility that he might revive? Imagine a scenario if he comes back and the Avengers moved to Singapore because it is one of the safest countries in the world. Where would they stay and how would their life be?

 

In the Iron Man films set in the Marvel Cinematic Universe, Tony Stark owns a huge seaside mansion set on the edge of a cliff overlooking the Pacific Ocean.
For this reason, we think Pepper Potts and Tony Stark would live in a bungalow detached house in Sentosa Cove for its size, futuristic designs and most importantly, ocean views. Beside's that, they definitely need the space for their technology development projects.
Here are the landed properties he can find in Sentosa Cove:
Coral Island for sale from $1,495.30 psf (land)
Ocean Drive for sale from $2,125.53 psf (land)
Cove Drive for sale from $1,930.15 psf (land)
Paradise Island for sale from $1,402.44 psf (land)
Lakeshore View for sale from $2,009.52 psf (land)
 

 

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