Sol Acres

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.

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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.

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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.

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The newest condo launch to take place in Singapore is Sophia Hills, a site where Trinity Theological College and the Methodist Girl’s School once sat. The prime District 9 location is one of the most sought after residential hilltop pieces of land and is quickly becoming Singapore’s property hotspot. The unique development has been integrated amongst some of the areas protected and rare structures. Mount Sophia is in close proximity to the Central Business District as well as Orchard Road, which is considered to be a shopping haven for many. The development is also a short walk from the Plaza Singapura Shopping Mall, the Dhoby Ghaut MRT Station and the soon to come Bencoolen MRT Station which will run along Bencoolen Street. This line will reside right next to Mount Sophia Hill. Future residents will be able to enjoy easy access to other areas of the island as well.

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As the slowdown in Singapore’s housing market grows, investors are wondering when the government will relax its anti-speculation curbs.

According to an estimate by the Urban Redevelopment Authority (URA) on Tuesday, the prices for private residences in the city-state dropped 1.1 percent in the April-to-June period, marking three consecutive quarters of declining prices. In the previous two quarters prices had dropped 1.3 percent and 0.9 percent.

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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.

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For the 5th consecutive month a drop has been seen in resale prices for HDB properties. From May to June the figure was recorded at 0.6% which has marked a new 2 year low since April of 2012. This equates to a drop of 6.1% from one year ago as well as a fall of 3% year to date if going by Singapore Real Estate’s data which took into account unit rental information and any pre-caveat resale transactions.

A downturn could be seen, in resale figures for last month, in 3, 4 and 5 room resale flats. However, executive HDB flats saw a 1.3% rebound in resale prices for month on month in June. It has been forecasted by property consultants that HDB resale prices will show a further 8% softening for the entire year of 2014.

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Industrialist may soon be forced to take up nearly 70% of the GFA (total gross floor area), a rise from the current 50%, if they become the main occupiers on any JTC land they choose to build properties on. This would mean that they would only be able to lease out 30% of their project space rather than the usual 50%.

On top of this is another change that affects those tenants who are renting any industrial space directly from JTC. These tenants will be barred from being able to sublet those spaces out.

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