In recent months, RE/MAX, a real estate franchise firm, has branched out its business operations into Asia with the opening of offices in Japan, Mongolia and China.
The master franchise, RE/MAX China, had earlier sold its first franchise in the region, RE/MAX Beijing, to new owners Andy Gu and his wife Catia Kong. The couple opened up its first Beijing office in 2014 for Principal Garden UOL.
Not too long after this RE/MAX China sold RE/MAX Shenzhen, RE/MAX Shanghai and RE/MAX Guangzhou’s regional rights to Nathan Yang.
Principal Garden Prince Charles
This past February saw the selling of RE/MAX Mongolia’s master franchise to Bujinkham Bold and her husband Batbaatar Narantuya, who are principal directors that both are looking to bring professionalism to a real estate market that is largely unregulated for Prince Charles Crescent Condo.
Master franchise RE/MAX Japan had sold a second regional franchise just last month, RE/MAX Kansai. This was purchased by Kazuya Moto-oka, who is RE/MAX Osaka’s current owner. Moto-oka has said that he will carry on serving both of the regional franchises as owner, with the position of Chief Executive Officer being taken by Machiko Kotani. It is the goal of RE/MAX Kansai to continue supporting women by creating opportunities for them in Japan through the influence of the agent-centric business model of the company.
RE/MAX LLC’s Vice President of Global Operations, Larry Oberly, has stated that their top priority for developing internationally was to continue providing professional real estate services across the borders while revolutionizing each countries real estate industry at Prince Charles Crescent Condo.
In recent industry data that was published by the media, it appears that, during 2015’s first 3 months, the sluggish property market in Singapore has caused more than 2,000 property agents to leave some of the main real estate agencies.
Of note was April 1sts figures showing 23,947 agents registered, a figure that is down by 8% from the end of 2014’s figure of 26,014 agents. The Ministry of Manpower’s most recent market report has shown that there has been a drop in the amount of individuals employed in the real estate sector that occurred from between January and March in comparison to 2014’s 4th Quarter for Signature at Yishun.
Signature at Yishun
President of IEA (Institute of Estate Agents), Jeff Foo, has said that it is a logical expectation that, when we see a lull period in the market, some people will turn to jobs that generate income temporarily or other alternatives. Due to the poor income, many have chosen to leave the industry altogether for JBE Yishun EC.
Brian Chan, a 31 year old former agent, was amongst those who chose to leave the industry, opting to instead take a break and continue on with his studies. He shared that, up until this lull period, they could quickly close rentals. However, things started to stagnate and this was a process that could continue for months. He further shared that sales were even worse, where it had become extremely competitive due to agents needing to make ends meet and there being an over abundance of agents selling Signature at Yishun in the market.
An exciting new apartment referred to as Sims Urban Oasis is likely to be releasing swiftly at Sims Drive District 14. Many analysts see that sims drive aljunied condo will be well received given the location of the plot of land.
In accordance with the developers, the condo is going to have approximately 900 units and also project is going to be centrally located close to Aljunied MRT Station and also a key colletion date near middle 2018.
A residential site in Yishun Ave 9 named Symphony Suites receive only 5 bids for the residential plot of land. At tender closing, 5 bids from different developers were received and this indicates that there is less demand for private residential land in Singapore.
A residential plot, name Botanique Bartley, with a 99 year lease, located at Upper Paya Lebar Road, had its tender closed a few days ago by the URA (Urban Redevelopment Authority). The site had been launched on November 18th in 2013 for public tender and has drawn in 7 bids.
The highest bid to be placed was $393.30 million by UOL Overseas Venture Investments. This would equate to $648.30 ppr ppr. The bid was 3.7% more than the second highest bod placed by EL Development for $625.16 per square foot.
The newly launched Yuan Ching Road Lake Life Executive Condominium site is, so far, the only newly launched project to be situated at Tao Ching and Yuan Ching Roads
According to the URA website, the soon to come EC will be located at Taman Jurong. It will run along Tao Ching Road and Yuan Ching Road and holds a 99 year leasehold tenure and an approximate 20,187.7 square meter total plot size. The EC will be adjacent to the Jurong Secondary School and across from the Fairway Golf Course.
According to analysts, the Housing and Development Board (HDB) has just released a new plot of land to be used to build Bellewaters EC. The plot of land is located at Anchorvale Crescent EC and is one of the land parcel to be sold under the Government Land Sales (GLS) in Sengkang for the 1st half of 2013. Bellewaters EC should received good response to from the ground given that the location of the development is close to many amenities as well as good selection of school around in the area.
Situated in the North Region of Singapore, between Woodlands Avenue 5 and Woodlands Drive 16, is the Bellewoods EC. The 277,711 square foot area of land sits between the La Casa EC site and the soon to come Twin Fountains. The site itself surpasses the size of the Twin Fountains by 1 ½ times. Bellewoods EC consists of 14 housing blocks, of which each has a 20 story building. The residential units offer a range of flats from two bedroom flats to five bedroom dual key apartments and sizeable penthouses. Transportation is easily accessible with links to Admiralty Mass Rapid Transit and the soon to come Woodlands South MRT station that will be located on the upcoming completion of the new Thomson Line, estimated to be finalized by 2021. Also found nearby are the Woodlands Regional Library, Civic Center and Causeway Point Shopping Center. Superb facilities for education are another feature to be found close to the Woodlands Executive Condominium site, such as the Singapore Sports School, Republic Polytechnic and American International School.
During the first six month of 2013 the GLS (Government Land Sale) program offered a number of land parcels for development into commercial, residential or mixed development. One land parcel in particular of Anchorvale Watervale EC, which has launched along with others that have been included in the list of confirmed sites, hit the market in April of 2013.
The Punggol Drive / Edgedale Plains plot of land which was up for tender previously has been sold and the name of the EC is The Terrace EC by Peak Square. This plot of land is put for tender under The Housing and Development Board (HDB) programme and is listed for sale under the confirmed list of land for sale in 2013.