It seems that there is a bleak outlook on Sentosa for home sales, even though elsewhere seems to be experiencing a growth in the demand for higher end homes, which includes District 4’s surrounding areas.
According to data provided by SRX Property for Pavilion at Potong Pasir, in the 2nd Quarter Keppel Bay’s Caribbean sold close to 10 units, a figure that was up the 1st Quarters 3 sold.
Going by lodged caveats, the primary market was 8 units being shifted at Keppel Bay’s Corals during the 3 month period to June 30th, a figure that was up from one in the 1st Quarter for Pavilion at Potong Pasir.
Pavilion at Potong Pasir
The Sentosa area really is the only place in Singapore where one can get this quality of assets so close to the sea and the central business district. One real estate salesperson believes that prices have fallen as far as they can go now and are not likely to fall further.
One example could be seen in the two units that were sold at Caribbean for an average figure of $1,456 per square foot last month, a figure that was much lower than the 5 units sold in June 2013 for an average of $1,648 per square foot.
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.
“Will the Woodlands Regional Centre be a huge success?
Some weeks ago, developers were extremely interested in a particular prime commercial development site. The highest bid of 634 million Singapore dollars or 907 dollars per square foot PPR camefrom a consortium composed of Sekuski House, the Far East Organization and the Far East Orchard. The site was the first commercial site to be offered for public tender since the regional centre was named as the Northern Gateway for Singapore for Wandervale.
There was strong demand for the site, eight bids,in all,were received, including some from large developers. The top bid for this site was substantially more than that which won the first development site, at the Jurong Regional Centre, in June 2010, designated for mixed commercial/resident/hotel use, on which six developers bid and the top bid was 749 million (650 dollars psf ppr).
Wandervale in Choa Chu Kang
The strong interest in the current site is evidence of confidence in the forthcoming Woodlands Regional Centre, which lies conveniently close to Iskandar, Malaysia’s special economic region. Growth in Iskandar was further enhanced by the announcements made by the Singapore and Malaysian Prime Ministers after their annual conference meetings.
The three possible sites for the planned Singapore KL High Speed Railway station have been announced and the new Woodlands Johor Rahru RTS Rapid Transit System is on schedule for completion before 2018. Does this mean that the transformation of the area will be as successful as those in the Jurong and Tampines regional centres near Choa Chu Kang Wandervale
Real estate firm, Knight Frank, produced its most recent Prime Global Cities Index report, which has shown Singapore to be the worst performing city with regard to luxury residential prices, out of the 35 global cities that the firm monitors. For 2015’s 1st quarter the city-state saw a drop by 12.6% in the luxury prices sector in comparison to what those figures were at this time last year.
Compared to the previous period of three months, the 1st quarter of 2015 saw a quarter on quarter drop of 3.7% for prime residential prices for Thomson Impressions here.
In March, Knight Frank published its 2015 Wealth Report, which clearly indicate that the high end residential sector of Singapore’s market have been greatly affected by property cooling measures implemented by the government.
Thomson Impressions by Nanashan
At the time of this report, research head for Knight Frank, Alice Tan, had stated that it was probably an ideal time for individuals in the “ultra high” net worth category to look once more at the area’s luxury residential houses. The firm believed that, should the government choose to relax these cooling measures for this particular market segment, a recovery could be obvious.
On the other side of the spectrum, It was San Francisco, California which made the top of the firms list, producing the maximum annual price growth at 14.3%. Bengaluru, India and Miami, Florida closely followed with price growth figures at 13.6% and 12.2% respectively for Thomson Impressions.
Upper Thomson Road Condo
Prime property is considered, by Knight Frank, to be the top 5% in all of the cities that it surveys with respect to the broader market in the residential housing sector Thomson Impressions.
A variety of research analysts believe the asking prices definitely will improve because marketplace demand among property investors remains robust. It is noted that house purchase prices drop could possibly be the deficiency of market demand . Regardless of sluggish growth within the city state’s home and property market, consultants think that there is still properties in Singapore that is worth taking a look. Below are a few recommendation together with tricks for real estate agents with regards to market home despite the home market conditions.
We should have an article for this particular news reports with respect to High Park Residences rapidly.
You should consider your choices now, as this opportunity will not last if the current trend in condominium buying frenzy continues. There may be only a few remaining in a few weeks.
To get more information and details on the proposed Vales EC complex layout with all local amenities click here http://www.the-vales.com/project-details/.
The many different floor plans can be obtained here to help you in your choice here as well http://www.the-vales.com/floor-plans/.
Amenities that make the Seng Kang area a small slice of paradise
According to a 2013 Sample Household Survey, which is done every 5 years, 91% of household owning HDB flats were satisfied. This figure shows a slight drop from 2008’s figure of 96.4%.
It seems that the main concern of HDB flat owners’ are a flats condition of aging, according to media reports that have cited HDB. This might affect the sales of Sol Acres EC as many could be buying HDB instead of new ECs in the Choa Chu Kang area.
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.