Launch Property Singapore

Come and find out about new launch and condo news in Singapore! Subscribe to our blog now for more latest property information.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form
Subscribe to this list via RSS Blog posts tagged in 2020

Park-Place-Residences-at-PLQ-Hero-Shot_Dusk-version.original.jpg

Lendlease is set to launch Park Place Residences at Paya Lebar Quarter (PLQ) by 31 March, marking its maiden foray into residential development in Singapore.

“We are excited to be entering Singapore’s residential property market with Park Place Residences at PLQ,” said PLQ’s Managing Director Richard Paine, adding that they have tapped the expertise of the Australian developer to create a condominium with a live-work-play concept.

The 429-unit project along Paya Lebar Road comprises three towers standing on a 98,520 sq ft site with a leasehold tenure of 99 years commencing from 29 June 2015. It offers a mix of one- to three-bedroom apartments, of which there are 117 one-bedroom units ranging from 480 sq ft to 580 sq ft, with prices starting from around $780,000.

There will also be three variations of two-bedroom apartments measuring from 650 sq to 900 sq ft, while the two variations of three-bedders range from 1,080 sq ft to 1,350 sq ft.

Located near the Paya Lebar MRT Interchange, the condominium will be linked to retail and office buildings via covered walkways, meaning more than 700 shops in the retail mall are within a short walk.

Aside from the development’s various facilities, which includes three pools, another key feature is its extensive network of greenery. In fact, it has received the Green Mark Platinum Award from the Building and Construction Authority.

Furthermore, the condominium is exempt from the Additional Buyer’s Stamp Duty rules that require developers to sell all units in a development within a five-year period, as it is part of a mixed-use development located within a commercial zone.

Park Place Residences at PLQ is scheduled to be completed by the second half of 2020.

 

Credits: Propertyguru

Hits: 1625
Rate this blog entry:
1

Posted by on in New Launches

Despite selling close to 300 of its 578 units within four hours during a VIP sales booking last Friday (27 May), Gem Residences in Toa Payoh only sold about 15 units on the first weekend of sales, which translates to 55 percent of units sold.

On the day of the VIP booking event, buyers were seen queuing outside the showflat at Lorong 5 Toa Payoh from as early as 8am, raising the possibility of a quick sell-out.

Nevertheless, against the backdrop of property cooling measures and challenging market conditions, this is believed to be one of the most successful private condo launches in recent times.

The 99-year leasehold project is jointly developed by Gamuda Land, Evia Real Estate and Maxdin, and marks Malaysian-based Gamuda’s first foray into Singapore’s property market. The infrastructure and construction giant has a 50 percent stake in the consortium.

Although sales have slowed dramatically, Gamuda Land’s Managing Director, Chow Chee Wah, was satisfied with the response.

“We are very pleased that sales have done well so far despite today’s lacklustre property market. We have kept prices fair, and we believe this has played a huge part in drawing in buyers,” he said.

Units were sold at an average price of $1,426 psf, lower than the indicative pricing of $1,480 psf.

Vincent Ong, Managing Partner of Evia Real Estate, said earlier that many buyers were drawn to the larger three- to five-bedroom units, measuring between 936 sq ft and 1,313 sq ft.

Chow added that the project’s new club and condo concept, which includes privileges at Gamuda’s Horizon Hills Golf & Country Club in Johor, also proved popular.

Located near Braddell MRT station, the project is set to be completed in 2020.

 

Credits: Propertyguru

Hits: 608
Rate this blog entry:
0

Only 480 units were sold.

According to Barclays, private home sales fell to a three-month low of 480 units, and were also the lowest March monthly take-up since Mar 2008's 301 units.

Typically March sales pick up after Chinese New Year festivities in January or February, but not this year. This brings the year-to-date total of units sold to 1,784 units, based on data released on Tuesday by URA.

Here's more:

We attribute the poor sales to only one new launch – The Santorini at Tampines, in the far eastern part of Singapore, which is not near any MRT stations, which sold just 13% of its total 597 units. In addition, we estimate some 38 units were returned including 19 from the best-selling two launches in February – Rivertrees and Riverbank, which could be due to bank loan rejections on tighter TDSR conditions.

Credits: Singapore Business Review

Hits: 883
Rate this blog entry:
0

Launch Property Singapore

is dedicated to finding your dream homes.

Hi, thank you for taking the time to visit my property portal. Please allow me to introduce myself. I am Kaeden, a full time real estate professional realtor with ERA Realty Network Pte Ltd. I believe knowledge, competency and providing a good service to customers are the keys to success in this line. Take this opportunity to allow me to assist you in locating your ultimate Dream Home.