Author Archives: Ken Chang

Housing & Development Board to increase BTO supply

The Housing and Development Board (HDB) is looking at ways on the way that it is able to improve the building work of some Build To Order (BTO) projects and assemble them ahead of their sales starts.

This really is to supply some flats with shorter waiting times to cater to couples in pressing need of new houses.
“Helping youthful couples own their first home is just one of our key priorities,” it said.

First -timers now have the ability to choose a second program or flat within their first, and undoubtedly on their third attempt.”

Besides ramping up new supply that was flat, the ministry disclosed that since 2011, the Housing Board has also been calling bids for a lot of projects as soon as layouts are willing to shorten the waiting time for buyers.

With the waiting time down primarily to building time, the HDB has also embraced various productivity measures including the employment of precast technology to expedite building, in the plan and building stages. While the HDB is working on the public housing, the private sector residential is also seeing many new launches surfacing during the 1st half of 2017, Inz Residence EC, Seaside Residences and Grandeur Park Residences,

We calibrate our flat supply to be sensitive to the housing needs of Singaporeans and will monitor the market carefully,” noted the MND.

The Highest Bidder For Margaret Drive site

mcl-wins-magaret-drive-plot

The Urban Redevelopment Authority (URA) has awarded the tender for a residential site at Margaret Drive in Queenstown to MCL Land (Regency), following the developer submitted the highest bid of $238.39 million for the 0.48ha scheme.

The price translates to about $998 psf on the gross floor area.

The property parcel brought strong interest when it was found for sale last month, receiving a total of 14 bids during the bid exercise, which closed on 6 December.

Nearby conveniences include shopping, dining and entertainment options at IKEA Alexandra, Queensway Shopping Centre and Alexandra Central, as well as the Commonwealth MRT station. Many schools are also located in the vicinity.

The 99-year leasehold site is likely to generate about 275 condominium units.

With The Clement Canopy launching soon at Clementi Ave 1, we will likely to great demand for this plot tendered by MCL. Not forgetting the highlights of the 2017, Grandeur Park Residences by CEL, it will be on all eyes for the east.

Clementi Ave 1 New Upcoming Condo By UOL

the-clement-canopy-uolLocated next to NUS High School of Science and Mathematics, and opposite Nan Hua High School, The Clement Canopy at Clementi Avenue 1 is a great investment for you if you’ve got kids who’d reap the benefits of reduced travelling time to and from school. Tertiary education associations found in the neighbourhood comprises National University of Singapore in addition to Singapore Polytechnic, supplying your school-going kids to their schools with simple accessibility. United World College South East Asia (Dover Campus) is also situated nearby along Dover Road should you be seeking a reputable international school for your kids.

The Clement Canopy UOL is well connected to expressways such as West Coast Highway or AYE, linking you with the city centre with a short 15-minute drive. Important arterial roads nearby, including Clementi Road and Commonwealth Avenue West, additionally provide alternate routes for you to you to get to everywhere in Singapore. As many bus services ply along the 2 important arterial roads close to your house, Clementi Road and Commonwealth Avenue 1, in addition, there are plenty of alternatives for public transport. Dover and Clementi MRT stations are also a short bus ride away should you want to travel on the MRT.

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Disaster Sale Of Units 1st Day @ Northwave EC

Northwave executive condominium (EC) found 20 units sold during its first day of bookings last Saturday (9 July), despite receiving 240 e-applications, reported The Business Times.

The project’s lacklustre showing to various variables, including poor transport connections and oversupply in the market were attributed by advisers.

Situated at Woodlands Avenue 12, the 358-unit project is a 10-minute walk to Sembawang MRT station, or two stops away from Woodlands Regional Centre.

Meanwhile, two completed ECs within the area – Woodsvale and NorthOaks – have reached the 10-year mark. Established firms noted that these projects are situated much closer to Admiralty MRT station, and developed marketplace watchers.

Northwave EC, on the other hand, is the fourth residential project of its third EC project following Forestville and Sea Horizon, and Hao Yuan Investment in Singapore.

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