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OUR Persue

The hotel and property group, OUE, is no longer considering the conversion of part of its Twin Peaks project into serviced residences. However, it will be keeping one of the two towers aside for bulk selling deals. According to The Straits Times, it is understood that Lentor Mansion the firm is currently in talks with a few parties who are showing interest in particular types of units as well as certain floors.

In February, the Temporary Occupation Permit for the project was obtained, which gives the project until February of 2017 to shift all of its units to avoid being charged with any Qualifying Certificate fees.

Twin Peak Project

Earlier this year there was talk that had emerged regarding developers who were seeking to convert any condo units that were unsold into serviced flats as a means of avoiding these penalties, a move that was flagged in 2013 by OUE. …

December 7, 2015 by Uncategorized

Shunfu Ville Tender

Analysts indicated the most recent reference point for Shunfu Ville was the state’s tender for a Toa Payoh site, for which the winning bid was 777.30 Singapore dollars per square foot per plot ratio. However it must be remembered that Shunfu Ville is a much larger site than the Toa Payoh site. Although the Toa Payoh site is a more central site than Shunfu Ville, Shunfu Ville can fairly be considered part of the desirable Thomson area The Terrace EC.

The Terrace EC

CapitaLand paid $869 Singapore, per square foot per plot ratio for the Sky Habitat site in Bishan in February 2011 and 853 Singapore dollars per square foot per plot ratio for the Sky Vue site, also in Bishan in November 2012. Urban Redevelopment Authority data published on the official website for The Terrace EC indicated 372 of a total 509 units at Sky Habitat were sold by …

August 13, 2015 by Uncategorized

Soft Residential Market

The real estate market in Singapore has become what some property experts call soft. It would seem as though the market has slowed since the Government brought extra expenses into play that investors did not have to consider in 2009. Additional Buyers Stamp Duty which is known as the (ABSD), The Seller’s Stamp Duty which is referred to as (SSD) and Loan-to-Value, referred to as (LTV). The reasons were to stop speculation, what this speculation was about, we are not sure, however another reason the Government say that they implemented these changes was because of hot money (which is likely dirty money or money Lorong 1 Toa Payoh Condo from the proceeds of crime) ending up as part of Singapore’s economy. These changes have affected the real estate market The Terrace EC in the last few years.

The Terrace EC Residential Market

In more recent times there has been news …

June 15, 2015 by Uncategorized

Kheng Leong

Kheng Leong begin its roots way back in 1949 as an international commodity and spice trading company. As the investment landscape evolves over the years, Kheng Leong has begun to take more interest in property development in Singapore and real estate investment.

The Terrace EC Kheng Leong

Over the years, Kheng Leong has acquired a growing portfolio of properties and collaborations with other property developers and its partners spans from locals to other parts of the world. Also, Kheng Leong has always been seeking investment opportunities in other countries and tapping their potential throught strategic alliances and identifying on other companies synergies to maximize a possible alliance potential.

Kheng Leong Punggol EC

Kheng Leong has taken a particular front in cluster houses in Singapore such as Belgravia Villas as well as other residential projects such as Double Bay Residences, Nassim Park Residences and The Chuan. In the executive condominium segment, …

May 22, 2015 by Uncategorized

Sol Acres

It has been show that the public has overestimated new HDB flat prices, according to both media reports and a survey done by the Ministry of National Development. More than 1,400 HDB residents were polled for this study. The age range of Sol Acres respondents were 20 years and over and it revealed that 1 out of 5 respondents are planning to buy a flat during the next 5 years.

Last year the average price for a 4 room flat situated on an estate that was not mature was $295,000. Please visit Sol Acres Website Here.

Sol Acres Executive Condo Choa Chu Kang

The survey had been conducted in November and has shown that 1/3 of the respondents had n0 idea what the cost was of this type of flat, but 4 out of 10 respondents overestimated the amount for deposit for Sol Acres.

About 28% of the respondents believed …

May 14, 2015 by Uncategorized

Singpoarean Investors

The media reports that Singaporean investors anxious to retrieve their investment properties abroad, which then had problems, are finding it very hard to retrieve their money. It can be difficult to file legal suits against overseas developers because of different laws in foreign countries. Sometimes investors unite to file a class action, which, although it can be helpful in one way, can also take an inordinate time, if there is not complete agreement between all claimants on every aspect of the case for The Terrace EC. A lawyer working on behalf of various clients to recover money from various overseas developers, which include EcoHouse, gave some examples.

Singaporean Investors in The Terrace EC

EcoHouse allegedly promised a 20% return on a 12 month contract on a minimum investment of £23,000 or 46 thousand Singapore Dollars for each Brazilian residential property unit. Many investors have received neither the capital nor …

May 12, 2015 by Uncategorized

The Vales

As of late we are seeing headlines monopolized by the global volatility of crude oil prices. A 52 week low was hit in early February of this year when oil prices dropped to about 44USD per barrel. This is more than a 50% dip from mid year of 2014 when the 52 week high was close to 100 USD per barrel. At the time of this publication we have seen a slight recovery to 47USD per barrel. However, this rather large dip in the price of The Vales has various effects on different industries and firms.

The Vales Anchorvale

Historical data from over the span of 20 years shows that there is a correlation between oil prices and Singapore’s residential market. Does this mean that we could see a further drop in the housing market given the recent drop in The Vales prices?

If we look back between 1997-1998 at …

May 5, 2015 by Uncategorized

Perfect Investment Property

Experts at Belvoir, a British listed lettings and real estate agency, have spoken about investors who are looking for that perfect buy to let investment anywhere in the globe and has shared that there are five points that need to be considered before signing off on any contracts. So, before you put that pen to paper, here are the 5 main things that you need to take into consideration.

Property Hot Spots for The Terrace EC

If you are looking to unlock the door to a promising property investment, one of the most invaluable tips is to buy in the right location. Those highly sought after addresses and prime post codes not only sell properties, they assist in letting them as well.

There are many investment choices in property and Canninghill Square is one of them. These are usually located in the city with alot of conveniences. Please register interest…

April 13, 2015 by Uncategorized

Third Housing Loan

New Loan for 3rd time possible only under exceptional circumstances, says HDB
Singaporeans can only get a 3rd housing loan under exception circumstances, said the minister for National Development, Mr. Khaw Boon Wan in a written response to a request from parliament.

The Terrace EC Housing Loan

If however you are approved The Terrace EC it will be at a higher interest rate tied to current market rates for The Terrace EC which are higher that the HDB’s normal rates.

“”{A loan for a 3rd mortgage is usually for those who have shown a need for housing and due to poor credit records are unable to secure a bank loan even if they have a steady income,”” Khaw added.

The Terrace EC Punggol

However, the HDB may still offer a Altura EC third mortgage for with Park Hill a higher interest rate for homebuyers undergoing genuine hardship, if The Myst…

March 16, 2015 by Uncategorized

Red Light Activities

According to Chia Siew Chuin who is the Director of Research & Advisory at Colliers, Geylang is indicating some red-light activities that have led to URA’s rezoning decision. Lorong’s 4-22 residential institutions have been converted to commercial institutions near The Terrace EC.

You will notice a number of activities in this area such as dining areas, offices, affordable hotels as well as residential projects.

The Terrace EC

It may be a problem to mix residential residences wit businesses as there will be a lot of disturbance. The food restaurants are open the better part of the day while the bars and clubs may remain open up until way past midnight.

Since the year 2010, it is evident that the area has launched Arina East Residences about 400 new residential units. Out of the 400, 100 have been completed whereas the remaining 300 should be released in the year 2015 for …

February 26, 2015 by Uncategorized