For the seller’s portion, you’ll have to go through the enhance resale checklist which was introduced awhile ago. The gist is that you have to definitely download it from their site so that they’ll generate a unique code for you to deposit it into their depository.
You can read more about the Seller’s enhanced resale checklist here.
The Marq on Paterson by SC Global has achieved the highest ever done pricing on per square foot level (psf) at $5,842, crossing the figure of $5,600 done by The Orchard Residences (Capitaland and Sun Hong Kai) in October 2007.
The record breaking apartment in The Marq is a 4-bedroom that was sold for a whooping $17.5m.
Only three ultra-luxury projects has achieved a benchmark price of over $5,000psf this far, namely The Ritz-Carlton Residences, The Orchard Residences and The Marq on Paterson Hill.
These news could spark interests in a comeback on the luxury segment since the prices hasn’t been able to achieve a new height since 2007.
Upcoming projects that luxury segment investors could look into are The Orange Grove, Nassim Park Residences which are going to TOP this year, and pre-TOP projects such as Scotts Square, The Hamilton Scotts, Alba, Hilltops.
The development charges has been revised for the period of 1st March 2011 to 31st August 2011.
The DC rates for Group A (Commercial) have increased by an average of 13%, with the largest increase of 29% in Sector 9 (Peck Seah Street / Maxwell Road / Anson Road area).
For Group B1 {Residential (landed)} the DC rates have on average increased by 18%, with the largest increase of 25% in Sector 108 (Holland Road / Sixth Avenue / Eng Neo Avenue / Adam Road / Farrer Road area).
The DC rates for Group B2 {Residential (non-landed)} have also increased by an average of 11%. The largest increase is 17% in Sector 100 (Upper Serangoon Road / Punggol Area).
For Group C (Hotel/Hospital), the DC rates have an average increase of 27% with the largest increase of 39% in Sectors 1, 2 & 7 (Church Street / Boon Tat Street / Cecil Street / Robinson Road / Shenton Way area), Sectors 19, 20 & 21 (Clemenceau Avenue / Havelock Road area), Sector 41 (Somerset Road area) and Sector 43 (Tanglin Road / Cuscaden Road area).
The DC rates for Group D (Industrial / Warehousing Use) have increased by 8% on average, with the largest increase of 20% in Sector 114 (Tuas / Jurong / Woodlands area).
Developers will have to pay a higher charge as compared to the previous term. It becomes more expensive for developers to develop new projects in this instance and should there be any, the cost will be passed down to consumers.
With those revised groups, you can see where most of the Real Estate activities are intensifying in. Both commercial and industrial has seem to caught our Government’s interest.
Despite cooling measures, investors are still hunting for the best possible Real Estate deals in the market. And most investors would agree with me that during good times or bad times, there will always be good buys if you search hard enough.
Boonview is a rare freehold condominium that is situated of 1 Marymount Terrace. I’d leave the judgment of the rarity for you to call with the following reasons,
Freehold Condominium in Bishan/ Pemimpin Area
Sitting on a very decent piece of land size, it is a full facilities condominium that sits right in between the 99 year leasehold Seasons View (by Far East) and next to a brand new freehold Tresalveo (by the same developer as Boon View, Soon Lian). Continue reading “Boonview Condo – Value Buy for Property Investors”→
Increasing the holding period for imposition of Seller’s Stamp Duty(SSD) from three to four years
Raise the SSD rates to 16%, 12%, 8% and 4% of consideration for residential properties which are bought on or after 14 January 2011, and are sold in the first, second, third and fourth year of purchase respectively. You can see an example of the computation here.
Lower the Loan-To-Value (LTV) limit to 50% on housing loans granted by financial institutions regulated by MAS for property purchasers who are not individuals
Lower the LTV limit on housing loans granted by financial institutions regulated by MAS from 70% to 60% for property purchasers who are individuals with one or more outstanding housing loans at the time of the new housing purchase
Many of you would know, I have move on from Knight Frank to SLP Empire (as with most) for an exciting career partnership with Bruce Lye of Team 5000. Together we’ve formed a fantastic synergy team called the SRI5000.
Our model of competency for SRI5000 will go in the form of GTA (geographical targeted area) where we could give our clients the most out from every district area that a client could be looking for a property (bang for their bucks)
Here are two micro-sites (with many more to come) that we have done this far,
The Belle Vue Residences
Belle Vue Residences is a District 9 (Orchard/ Oxley) project that has recently TOP-ed. With its unique designs, you have over 150 different layouts in just a mere 175 unit condominium that is spanning over 250,000 sqft of land.
The Belle Vue Residences
Visit The Belle Vue Residences for more information on the project as well as view the existing photos of Belle Vue and apartment.
The Trillium
The Trillium is another District 9 (Orchard/ Kim Seng) project that should have already TOP. Spot the 3 blocks of condominium from afar with its classy facade. The Trillium is a highly anticipated TOP project because of its prime locality and with the full fledged condominium facilities it offers.
The Trillium
Visit The Trillium for more information on the project to find out more facts as well as the different layouts The Trillium offers.
With such micro-sites, the scalability doesn’t stop there. There will be more interesting roll outs in which I will explain as they are implemented, both for my SRI5000 team as well as even for clients and consumers like you to check any properties for sale.
So if you are considering Real Estate as your career. have you considered joining us at SLP’s SRI5000 yet?
With the latest measures in-lieu of the Government’s way to deal with cooling down the property market, more new flats has been introduced into the supply pipeline which gives more choices to first-time home buyers.
The reason given for the Minimum Occupation Period (MOP) revision is to dampen HDB buying speculations. The measures as follow:-
The MOP of non-subsidised flats for reslae and subletting of flat will be increased from three to five years.
Buyers of non-subsidised flats will be disallowed from concurrently owning both an HDB flat and private residential property within the MOP. Private property owners who buy a non-subsidised HDB flat must now dispose of their private residential property within six month from the date of flat purchase. Ownership of private properties by HDB lesees will be allowed after the MOP
