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It seems that some hefty spending has been seen by well seasoned foreign investors in the market of strata offices amidst the segments seeing buying that has been very selective.
According to recently lodged records, one Chinese investor put down close to $100.6 million of the Prudential Towers’ 25th and 27th floors. Based on unit area of 12, 196 square feet per floor, this equates to about $2,750 per square foot for Dundee Road Queenstown.
HY Realty Dundee Queenstown Condo
The buyer is a native of Shanghai and it is believed that he is a property developer who owns beverage and food chains. The purchase at Prudential Tower will mark his first investment in the strata office sector in Singapore. He does, however, already own several residences and shop-houses in Singapore Dundee Road.
The guidelines state that all warnings, qualifications and disclaimers must be printed so as to be read without a magnifying glass, and even specify the smallest font size which can be used.
Mr. Tan added that the rapid increase in seminars promoting investor clubs had occasioned the requirement in the new code requiring advertisements make plain, where a seminar involves any property booking or investment for Flora Drive Condo.
Flora Road Condo Hong Leong
Eric Cheng, Property CEO at ECG noted that the number of overseas companies, from many countries, selling foreign property in Singapore has increased rapidly in the last two years and aggressively advertise so that currently most weekend advertising was filled with overseas property launches. Mr. Cheng added that some overseas property markets were increasingly popular with Singaporean investors due to their lower prices, and Singapore’s government was very concerned aboutsome practices within this market.
Holland V Shopping Centre – Seven ground floor units up for sale
Seven ground floor retail units at the Holland Road Shopping Centre are on the sales market. These seven freehold strata-titled shops facing Holland Avenue are rented for at least the next six years to Cold Storage, a 24 hour supermarket chain store. The grocery store occupies 12,260 feet and is the anchor tenant in the four storey shopping centre, built in 1972, in Holland Village.
“In situations where income can not keep up wit the rate of inflation, we tend to see social unrest occurring. In such cases we may see a regulator step in and raise interest rates in order to cool down the economy, effectively pulling the economy’s brakes on Principal Garden Prince Charles. As a general rule of thumb, we should see interest rates tracking inflation, for example a higher rate of inflation will lead to interest rates that are higher. It is through intervention. However that interest rates can be held at a certain level for a longer duration.
Principal Garden Interest Rates
With the increasing interlinking of the major economies of the world we have seen how regulations and policies from one country can affect other countries. If we are seeing a global rise in interest rates, we will also see all economies that are linked being affected. In these instances we will see funding being shifted away as higher returns are sought out through interest rates that are higher for developer’s Principal Garden Prince Charles.
Right now there exist a number of purchasers who are on the lookout for properties in the vicinity of the MRT stations as records previously have indicated condo properties located in the vicinity of MRT stations has proven that price tags d tend to improve as the economy recovers. The converter should have these offered soon in the market.
To meet property demands for an expanding human population, Bidadari town will be progressed into a new public housing estate with a distinctive characteristics in addition to feeling of history for Pavilion at Potong Pasir.
The industrial plot at Woodlands Avenue 12 garnered conservative bids which fell below consultants’ already-modest expectations at its tender close yesterday.
Wee Hur Development, the property development arm of Wee Hur Holdings, trumped four other bids with its offer of $76.9 million, which works out to $72.85 per sq ft per plot ratio (psf ppr). Consultants had estimated a winning bid of $80 to slightly below $100 psf ppr.
Amid the current supply-demand imbalance, the gradual decline in private home prices is set to continue for the rest of the year after three quarters of decreases, say property consultants.
Including the 1.1 per cent quarter-on-quarter drop in the second quarter based on Urban Redevelopment Authority’s (URA) latest flash estimate, the official private home price index has shed 3.2 per cent in three straight quarters of declines after peaking in Q3 last year.
The sale for new launches has been going up almost double in May from a few months ago. This is the result of loan curbs target price-sensitive buyers. However, analysts think that such high profit won’t repeat this month because of school holidays. Also, being distracted by World Cup, buyers don’t such much interest in estate market as well.
Citygate is one of the latest condo by joint venture Fragrance Group and World Class Land. Their parent company is Aspial Coporation. Their experience in developing residential homes in Singapore is very reputable and has a whole portfolio of completed properties under its arm. The latest project that Aspial is coming up is Citygate in Bugis. It is the former keypoint building and this will be refurbished into a mixed development consisting of 311 residential units and 18 retail units.
North Park Residences Yishun at Yishun Central will be used for a residential development. This plot of land is secured by North Gem Development and North Gem Trustee. The parent company of these 2 companies is Fraser Centrepoint. Looking at the map, North Park Residences Yishun which is intended for residential use is located right next to Yishun 10 and Yishun Library and there are plans to develop this plot of land into a integrated development comprising of 900 residential units with shopping centres located below.