Sengkang Grand Residences new launch

The percentage of condo units offered in Q2 2019 to people having HDB addresses dropped to 29.5percent from 37.8percent in Q1, reported Singapore Business Review mentioning Edmund Tie.

Checkout the Sengkang Grand Residences new launch here.

This figure comprises HDB shareholders and upgraders who live in HDB flats.

The fall was a result of the sales quantity of buyers using HDB addresses falling 3.4percent quarter-on-quarter into 1,232 units at precisely the same quarter after increasing 33.2percent in Q1.

Data also revealed that the percentage of buyers using HDB addresses to get new sales dropped by nearly 15 percentage points. To the contrary, the fall in resale units was drastic, decreasing by just 1.6 percentage points.

Meanwhile, the percentage of condominium units offered to private fireplaces stood still at 50 percent in the last quarter.

Read more Freehold Seafront Landed Residential In The North

Freehold Seafront Landed Residential In The North

The Trailer of This 460-unit Dairy Farm Residences by Singapore-listed United Engineers Ltd (UEL) Attracted a crowd of 1,000 over the weekend of Nov 16 and 17.

Dairy Farm Residences marks the first new condominium offering in the Dairy Farm area as The Skywoods was launched in 2013. The Skywoods is a 420-unit, 99-year leasehold condominium. Developed by a consortium of three recorded property players – Hock Lian Seng Holdings, King Wan Corp and TA Corp – it was finished in 2016 and is totally offered to date.

“We are pleased with the turnout and it demonstrates that there’s inherent fascination with residing near nature,” remarks Stephanie Chua, UEL’s head of growth sales.

The interest came largely from those people who are already living in the west of Singapore, although some people stay in the central area, and a few potential buyers came out as far as Pasir Ris, Chua shares.

Apartment layouts offered comprise pre-assembled units from 624 to 775 sq feet, three-bedroom units from 915 into 1,313 sq feet, and four-bedroom apartments from 1,324 into 1,475 sq ft.

UEL is launching Dairy Farm Residences at a couple of phases, at an average starting cost from $1,500 to $1,700 psf. The two-bedroom units will start from below $1 million.

Read more Parc Clematis Preview To Open Soon

The seller of a unit at Highgate made the best gain of $1.27 million on the week of October 22 to 29. The 1,905 sq ft unit on the sixth floor was purchased for $1.15 million ($604 psf) at June 2009, and marketed for $2.42 million ($1,270 psf) on October 24. The vendor made a 110% gain, or an annualised gain of 7 percent over around 10 years.

Finished in 1995, Highgate includes 216 units in five cubes. It’s a four-minute driveway to Beauty World Plaza and Beauty World Centre.

The 2nd best gain made over the week — a 171% gain of $1.23 million — was at Bedok Court, located along Bedok South Avenue 3 at District 16. This means that the vendor made an annualised gain of 5 percent over around 20 years.

The growth has a total of 280 units over 19 floors, and was created by Bedokville Development. It’s a 10-minute walk to Tanah Merah MRT Station on the East-West Line, a four-minute walk into Bedok View Secondary School, an eight-minute walk into Temasek Primary School, and a 13-minute walk into Temasek Secondary School.

Meanwhile, another vendor of a fifth-floor unit at Highgate made the third most profitable transaction for its week using a $1.18 million gain. The 1,636 sq feet, four-bedroom unit was purchased for $870,000 ($532 psf) in January 1999, and sold for $2.045 million ($1,250 psf) on October 25. The vendor made a 135% gain, or an annualised gain of 4 percent over almost 21 years.

On the other hand, the greatest reduction incurred within the week was in the resale price of a 2,013 sq ft unit at 8 Napier, in prime District 10. The seller sold the device for about $ 5.8 million ($2,881 psf) on October 29, and sustained an 18% reduction of $1.28 million. Within a holding period of almost 12 years, this translates into an annualised reduction of 1.7 percent.

The freehold 8 Napier, located on Napier Road, contains 46 units. Finished in 2010, it’s a three-minute walk into the coming Napier MRT Station on the Thomson-East Coast Line, which is completed at 2021.