Here’re some photo updates on Grand Duchess at St Patrick’s.
Judging from the progress of the construction, it’s very unlikely owners can get their keys by December. Q1 2010 it is.
Here’re some photo updates on Grand Duchess at St Patrick’s.
Judging from the progress of the construction, it’s very unlikely owners can get their keys by December. Q1 2010 it is.
Capitaland and Hotel Properties Ltd will be launching the former Gillman Heights condominium site with a $1.4 billion design by Ole Scheeren of OMA. The Interlace with a sprawling 81,000 sqm (871,560 sqft) land and a GFA of 170,000 sqm (1,829,200 sqft) will be configured into a 1,040-unit development next month.
Images from The Inhabitat.
Ole Scheeren is the man behind the design of China Central Television (CCTV) Headquarters in Beijing. His previous work includes the Prada Epicenters in New York City and Los Angeles. Just look at the breathtaking and bold architecture design here.
Imagine this. A 31 apartment blocks of six storey each, stacked hexagon ways. On top of which, sky gardens and roof terraces are key features with the surrounding Telok Blangah greenery. A mixture of townhouses (which could double up as home offices), 2-bedrooms, 3-bedrooms, 4-bedrooms and penthouses will be available as part of its offering in this 99-year leasehold project.
I like the description used by The Inhabitat for The Interlace, Jenga-Like apartments.
The project will be ready by 2014, is own by Capitaland, Hotel Properties Ltd (HPL) and National University of Singapore (NUS). The architect is local RSP Architects Planners & Engineers (ION Orchard, Wheelock Place, St Regis Hotel & Residences) and the landscape architect is award-winning ICN Design International
To find out more about The Interlace as the latest news releases, feel free to register with me or contact me at +65 91253045.
Nothing new is springing up from Inland Revenue Authority of Singapore (IRAS), after a period of uncertainty especially to property investors with the recent speculations of government measures to firm up the possible taxation of property owners selling their assets for capital yield.
Previously it was proposed that an individual who sells a property would not be taxed on the profit if he had not sold any other property in the preceding four years.
The public consultation process for the proposal attracted 64 responses with 60 opposing the change. This rule would be confusing to sellers amidst the economy which seems to start finally picking up pieces.
The gray area of how IRAS actually goes after property owners who transacts property on a regularly basis will still persist, but its still better than punishing long term investors who deem investing in property as a financial tool to hedge inflation over a long period.
Or the most well-sought after, crème de la crème condominium projects in Singapore as listed by experts from Property Report
The Demand Has Always Been There
It’s good to know the luxury market is moving, and with the two brand new Integrated Resorts, Resorts World at Sentosa (Genting) and The Marina Bay Sands (Las Vegas Sands), both getting ready, the growth of Singapore’s economy will be tremendous over the next short few years. Foreigners could recognize Singapore’s real estate as potential and safe as government credentials here are sound.
With luxury end condominium, foreigners would not also have to worry about the volatility as the location of these projects are always in good demand, no matter good or bad times. No doubt there’s always a difference in tide and times of real estate economy, these projects are considered limited with the land scarce Singapore.
DTZ Property Auction is to be hold on 27th of August (Thursday)
Date : 27th August 2009, Thursday
Venue : The Amara Hotel Singapore, Connection Room 1, Level 3
Time : 2.30 pm
There are two mortgagee (bank) sale and a trustee sale. The rest are for sale by owners.
Download a copy of the latest auction list from DTZ here.
The list for Colliers Singapore property auction is out.
Venue : The Amara Hotel, Connection Room, Level 3
Time : 2.30 pm to 5.30 pm
There are 4 Residential Mortgagee (Bank) and 4 Residential Owner’s listings. Also 2 Commercial & Industrial Mortgagee (Bank) and 6 Owner’s Sale listing.
Download the full copy of the auction list here.
The official launch of Viva at Novena was on last Friday, where many units were already sold during the preview. Today, Viva is officially 87% sold, with 204 out of 235 snapped up by buyers.
Buyers recognizes the value of the project attributed mostly to its prime locality just right next to United Square. It’s also less congested among the other projects found in the vicinity. There are 3 main selling factors to the project:-
What is left after today?
Till date, what is remaining are:-
Download the latest updated Viva sold units here.
To book the last remaining Viva units, (or at least find out about the price) call me at (+65) 9125 3045 now to avoid disappointment.
Punggol has started its ground breaking ceremony today to start work on its 4.9km long promenade that will start from Punggol Point.
Today, the town has a population of 53,600 and this is projected to grow to 70,000 by 2011.
I have recently sold a 5-room Design and Built in Punggol Central, this has been one of the most discussed selling point on the transformation of Punggol. “This is coming, the second generation of Punggol residents will enjoy what has been a bare land transformed” as quoted by my owner.
Price has also steadily raised for Punggol HDB apartments with its promised plans from the Government to transform the whole estate into a beautiful waterfront town. As we can see, the estate is slowly maturing.
Read more about the plans from URA here on the Punggol Promenade.
Finally! And I thought it’s going to take them long enough to realize that sometimes even the level which is suppose to be the most just and neutral party might just give you the most problematic issues.
Ministry of Law has came up with a proposal that might allow an entity to be the stakeholder instead of the law firms that are in charged of conveyance of the intended property. The two suggestive was either the local banks or the Singapore Academy of Law to be the possible candidate in the process.
This move is to prevent lawyers who has ill-intention to abscond their clients deposits. The most common property conveyancing involves in lawyer holding deposits is via the option to purchase method to purchase a property.
The usual conveyancing process involves the buyer to pay the seller a option money (usually 1%) and have a exercise money (4% or more, depending on the cash or what the option conditions were) which is to be held by the lawyer as stated in the option; The law firm will safe-keep the deposit (as stakeholder cheques are usually issued to the firm’s name). Upon the completion date of the property, the lawyer will then release the stakeholder’s sum together with the rest of the balance amount due to the seller.
You’ll feel much safer now when the deposits are addressed to an authority assigned department. This change is likely to happen by the end of the year.
Singapore Knight Frank Auction is scheduled on the 20th of August (Thursday) at 2.30pm.
Date : 20 August 2009, Thursday
Venue : Amara Hotel, Connection Room 1, Level 3
Time : 2.30 pm
Download the list for this month’s Knight Frank auction here.
11 properties are on the list, all are sale by owners.