Additionally, others said that the suggested location—which overlooks a crossroads like Treasure at Tampines Site Plan—is unfavorable for Fengshui.

On Monday, December 18, the National Environment Agency (NEA) declared that it had located a suitable piece of land near Treasure at Tampines Showflat, Mandai Avenue, and Sembawang Road for the construction of a new burial and columbarium complex.

Situated slightly over one kilometer, or three bus stops, from the Sembawang Road area close to the Springleaf MRT Station, the region is encircled by a number of condominiums, including The Brooks I and II, Hong Heng Mansions, Forest Hills, and The Essence.

Some of the homeowners TODAY spoke with had purchased homes here because they valued the estate’s near proximity to cities, tranquility, and unobstructed vistas.

Living in Hong Heng Mansions, photographer James Koh worries that the columbarium may interfere with his condominium’s en bloc plans.

Late in February, Hong Heng Mansions, a freehold condominium, went up for public auction with a reserve price of S$133 million.

But, the lack of a buyer meant that it was unsuccessful. Our chances of having a group sale will be considerably diminished if this columbarium idea materializes, Mr. Koh stated.

Furthermore, he thinks that a columbarium at a crosswalk would not be auspicious for passing cars from a fengshui perspective.

“Ask the government to check with the geomancers to see whether or not that location is good. Although I don’t own a car, I’m worried about other drivers,” he remarked.

“Street intersections should have nice structures like condos or shopping centers.”

The NEA stated in a press statement that it conferred with various entities before deciding on the Mandai Avenue location.

Numerous elements were taken into account:

The space required for an adaptable building with a columbarium and a range of funeral services; traffic impact on surrounding developments; development plans for the region. The NEA stated that an environmental impact assessment and feasibility study would be carried out for the proposed project prior to the finalization of development plans in order to identify potential environmental consequences during both the construction and post-construction stages.

1953 Condo Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices

“We feel that achieving close to 30% sales of total units mentioned in the continuum balance unit chart on the first day in Lentor is credible and bears testimony to our product positioning and location attributes, being next to the MRT station and a mall,” says Lim Han Qin, director of Soilbuild Group, representing the consortium developing the project.

“We feel that the sales achieved today reflect the confidence and interest of buyers and investors in this up-and-coming residential enclave,” adds Lim of Soilbuild, further noting that Hillock Green is the third project to be launched in Lentor Hills development.

Ismail Gafoor, CEO of PropNex, stated that the sales made at Hillock Green “is respectable” considering that it is one of two projects that were launch this weekend. Additionally, the appealing average price of $2,108 psf in Hillock Green was a major selling point.

In the two weeks leading up to this weekend’s launch, approximately 273 checks were received as indications of interest. A conversion rate of 48% was achieved with the 131 units sold.
“It’s a high sales conversion rate based on cheque collection, especially with J’den launching on the same weekend,” remarks Ken Low, managing partner of SRI.

“According to Justin Quek, deputy CEO of OrangeTee & Tie, Hillock Green is the third launch in the [Lentor] vicinity within just slightly over a year, and there are three more upcoming sites,” he says. “It achieved healthy sales on launch day, considering buyers have more options in this location.”

Lentor is expected to continue to have good demand from homeowners and upgraders in the future, according to investors, as pointed out by SRI’s Low. “They also drew reference from the strong capital gains this year at recently completed projects in the northeast region such as Riverfront Residences, Affinity at Serangoon, Florence Residences and JadeScape.”

Hillock Green’s developer is running a “special 11.11 promotion” from 5 pm tonight evening through Monday, Nov 13, in honour of the long weekend and Singles’ Day. During this promotion, buyers can save an extra $11,000.

1953 Condo Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices

July Treasure at Tampines balance unit resale transactions from SRX and 99.co showed prices rising year-over-year but falling month-over-month.

Huttons Asia CEO Mark Yip said treasure tampines units surged because they avoided the Lunar Seventh Month, which starts on 16 August.

The HDB resale market picked up in July with almost 30 million-dollar flat deals. These factors may have increased July transaction volume by 4.0% “Yip.

Yip said it was the first time prices fell for two months since March 2020, despite the rise.

Yip stated, “The cloudy economic outlook may have led some budget-sensitive buyers to negotiate harder and that has resulted in softer prices in July.”

Changes in prices

Christine Sun, an expert on real estate for OrangeTee, said that condo selling prices fell by 0.2% for the second month in a row in July. She said that the drop was too small to be called a price adjustment.

“Instead, the trends can be seen as an early sign of price stability,” said Sun. “This is mostly because more condos are being built, which is increasing the number of homes on the market.”

After buyers got back from vacation in June, resale sales went up a little bit in July.

Wong Siew Ying, the head of research at PropNex, says that prices are at their peak and may continue to settle, which shows that the cooling steps taken in December 2021, September 2022, and April 2023 are working.

1953 Condo Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.

Anthony Loke, Malaysia’s Transport Minister, said that the government, through the Railway Assets Corporation (RAC), has chosen 10 pieces of railway land in six states for possible growth projects.

RTS project raises Johor Bahru property prices, rentals

The installation of the Johor Bahru–Singapore Rapid Transit System (RTS) raised property values and rental rates, especially around the station.

RHB Research said that Knight Frank reported high-rise deals at RM900 to RM1,100 per sq ft, closely matching Klang Valley rates.

The Star said that Johor Baru city center high-rise demand is “Singapore dollar-driven”.

Given the lack of development space around the RTS station, certain parties have offered to buy historic districts for renovation.

“There are many developments and many parties are planning projects. RHB Research also highlighted a new light rail transportation project.

The research company highlighted that Singapore’s high rental prices drove Johor Bahru city center rental demand.

Six states have rail property with strong development potential

Transport Minister Anthony Loke said the Railway Assets Corporation (RAC) has chosen 10 railway property parcels in six Malaysian states for development.

The New Strait Times reported 369.45 acres (149.51ha) of sites in Penang, Selangor, Johor, Perlis, Kuala Lumpur, and Kelantan.

Five properties have rail access and might be developed as TOD.

“These RAC land needs to be developed with value-added so the corporation can enjoy maximum returns, which can be used for national railway sector development,” stated the minister.

He then advised large developers to seize this opportunity as the government uses transit to boost the economy.

1953 Condo Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.

In the first half of 2023, Sabana Reit’s gross revenue increased by 23.2% year over year (yoy) to S$55.3 million, while NPI increased by 0.5% yoy to S$27.2 million.

increasing portfolio occupancy rates drove revenue growth, but increasing property expenses, especially electricity prices, negated otherwise positive net operating income.

Distributions to unitholders for the first half of 2023 were S$17.8 million, an increase of 3.9% year over year, while the payout per unit increased by 1.3% to 1.61 Singapore cents.

As of June 30, 2023, Sabana Reit’s total occupancy rate was 93.9 percent, up 2.6 percentage points from the year-ago figure of 91.3 percent when join Propnex.

It also set quarterly and annual records for rental reversions in 2023, at 27.1% and 20.1%, respectively.

The manager of Sabana Reit said that the increase in occupancy rate was supported by the solid demand from third-party logistics providers in the first half of the year, which led to a strong leasing momentum.

The Reit remained reserved, however, citing macroeconomic problems through the second half of 2023 in addition to falling occupancy rates in Singapore’s industrial property sector as reasons for its pessimism.

The occupancy rate for industrial buildings in Singapore dropped by 0.6 percentage points in the first quarter of 2023, according to data compiled by JTC.

The reason for this is the new supply in Q1 2023 exceeding the new demand.

Seventeen more S-Reits and property trusts will report financials or company updates for the period ending June 30, 2023, this coming week.

Another 15 S-Reits are scheduled to submit their findings between July 31, 2023 and the middle of August. S&P/TSX RESEARCH

This author works at SGX as a research analyst. The monthly S-Reits & Property Trusts Chartbook may be found at sgx.com/research-education/sectors if you’re interested in learning more about Singapore’s Reit industry.

1953 Condo Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.

Only in 2022, about 2,860 seniors took advantage of the Lease Buyback Scheme and Silver Housing Bonus Scheme, which is more than the 2,790 who did so in 2021.

According to the CPF Board’s latest report on home finance, which shows statistics from 2020 to 2022, this gave them a sum of about $429 million.

About $202 million of this was given to the seniors as a cash gift and as cash from the net sales profits. The rest of the money, about $227 million, went to their CPF Retirement Accounts.

Over the past few years, the amount of cash and CPF that seniors get from HDB housing plans has been going up. Using these methods, they made a total of $325 million in 2020 and $382 million in 2021.

The story said that payouts for seniors are increased no matter how long they live because part of the net sales profits are used to add to their CPF Life plans. On average, payouts went up by $500.

The Lease Buyback Scheme, which started in 2009, lets seniors who are 65 or older sell part of their flat’s lease back to HDB in five-year amounts while keeping leases of 15 to 35 years of various Condos like The Continuum, The Continuum Floor Plan, and The Continuum Price.

The plan requires kept leases to cover the flat’s youngest owner until he or she is 95 years old. It gives seniors the option to turn part of their leftover leases into retirement income while staying in the same home until the end of their lives.

The Silver Housing Bonus Scheme was started in 2013. It gives people over 55 a bonus of up to $30,000 if they move from an HDB flat or private property with an annual value of less than $13,000 to a three-room or smaller flat.

They will get the highest cash bonus of $30,000 if they put $60,000 from the sale of their home into their CPF Retirement Accounts and join CPF Life.

Professor Sing Tien Foo, provost’s chair professor in the Department of Real Estate at the National University of Singapore Business School, said that the two plans have helped seniors who are “asset rich but cash poor.”

They also address concerns about aging leases for seniors, whose apartments may lose more value if they didn’t sell them when they were younger, as he explained.

1953 Condo Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.

National Bureau of Statistics data released on Wednesday, May 17 indicated that the average price of a brand-new house in 70 cities, excluding those with government subsidies, increased by 0.32 percent in April compared to March. After increasing by 0.26 percent in the previous month, secondary market price increases dropped to 0.01 percent.

After a modest uptick in sales and prices after a record downturn of almost 18 months, the residential property market is showing signs of deterioration. Despite Beijing’s efforts to prop up the market, high-frequency indications in recent weeks suggest momentum in house buying has sputtered.

“Property policies will likely remain loose in the short term,” said Chen Wenjing, associate research director at China Index Holdings. “It’s crucial to keep the faith of possible homebuyers like Tembusu Grand and Tembusu Grand Price.”

At a press conference on Tuesday, Fu Linhui, a spokesman for China’s National Bureau of Statistics, warned that more work was required to stabilize the housing market after numerous economic numbers for April came in lower than anticipated.

The number of new household mid- and long-term loans, a proxy for mortgages, fell for the first time in a year in April.

1953 Condo Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.

Their commitment to making a difference is evident in the work they do. For example, they produced a video for the Singapore Anti-Narcotics Association that aimed to raise awareness, price drug addiction, and promote the importance of seeking help. The video was successful in reaching a large audience, and it helped to raise awareness about the issue.

Another example of their commitment to making a difference in their work with the Singapore Children’s Society. They produced a video that showcased the work of the organization and helped to raise funds to support their programs. The video was so successful that it helped the organization exceed its fundraising goals.

In addition to their work with The Moving Visuals Co., Douglas, and Lisa is also actively involved in other organizations that promote social good. They are members of the Singapore International Foundation and have participated in several projects aimed at promoting cultural exchange and social entrepreneurship.

Lessons Learned:

Douglas Chew and Lisa Seow’s legacy of helping others is truly inspiring, and there are many lessons that we can learn from their story. Here are a few of the key takeaways:

1. Follow your passion: Douglas and Lisa’s passion for creating meaningful content has been a driving force behind their success. They have used their skills to make a positive impact in the world, and their passion has been a key factor in their success.
2. Collaboration is key: Douglas and Lisa have been successful in their work because they have been able to collaborate with other organizations and individuals who share their values regarding how to buy property. By working together, they have been able to create powerful content that has had a positive impact.
3. Make a difference: Douglas and Lisa’s work is a reminder that we all have the power to make a difference. By using our skills and expertise to help others, we can create a better world for everyone.

Conclusion:

Douglas Chew and Lisa Seow’s story is a testament to the power of using our skills and passion to make a positive difference in the world. Their commitment to social good has inspired us, and we hope that it will inspire others as well. We believe that by sharing their story, we can help to promote their legacy and encourage others to follow in their footsteps. Thank you for reading our article, and we hope that it has been informative and inspiring.

1953 Condo Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.

His digital tools remarks come as UOL, via its subsidiary Pan Pacific Hotels Group, celebrates an extraordinarily successful year in FY2022, driven by robust sales across all of its real estate development projects.
The inventory (of our new projects) was practically depleted last year, according to Liam, who claims that the residential development section fared quite well.

He is alluding to the robust sales on opening day at the 372-unit Ang Mo Kio AMO Residence, which opened in July of last year. The property earned an average selling price of $2,100 psf, a new benchmark price in the Outside Central Region, and saw 98% of its units sold in a day (OCR).

Several recently released projects in UOL’s portfolio were either sold out completely or almost completely last year. The 640-unit Clavon on Clementi Avenue 1 and the 1,074-unit Avenue South Residence on Silat Avenue, according to the developer, are both completely sold out.

Avenue South Residence debuted in September 2019, while Clavon went on sale in December 2020.
There are five unsold homes in each of the 448-unit developments AMO Residence and The Watergardens in Canberra. Just one property is available in Meyerhouse, a luxurious 56-unit development along Meyer Road, according to UOL.

Due to this, the company’s property development revenue increased 26% year over year to $1.98 billion in FY2022. In FY2022, this was responsible for 62% of the organization’s entire income.

1953 Condo Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.

In light of the current document deal of a Canberra BTO flat, we made a decision to check out much more HDB resale deals of late MOP-ed BTO apartments.

Much more specifically, we concentrated on the BTO apartments with leases starting in 2018. Through our search, we located several apartments that were sold at dual BTO cost (some a lot more!). This also means that if we exclude costs like the Purchaser’s Stamp Task (BSD) and also remodeling expenses, these apartments have made paper earnings of 100% (or even much more for some).

Here are the recent MOP-ed BTO projects with these deals.

Punggol Vue captured our eye due to the S$ 341k transaction for a 2-room level here, which was an all-time high for a 2-room at Punggol at the time of the resale registration day. But this level held the record for a short time just, before one more 2-room flat at a different block and reduced floor cost S$ 350k this month.

Location-wise, it’s not near the center of Punggol. But having the Nibong LRT at a four-minute leave and Punggol Cove Main right alongside the BTO might be a few qualities that attracted the purchasers to these flats.

Next off on our listing is Brush Grove @ Yishun near Pullman Residences. Like what we have actually seen with Punggol Vue, the S$ 325k 2-room deal below was a document for the flat enter Yishun momentarily which is slightly greater than Pullman Residences Developer. Not long after, an additional system of the very same kind at the very same block (but on a lower flooring) was sold at S$ 328k.

Found around a 13-minute walk to Khatib MRT, but it’s not nearby to the MRT. But it lies in between services such as Wisteria Shopping Mall, Yishun Park as well as SAFRA Yishun.

What’s much more fascinating to us is that this BTO is additionally situated along Yishun Opportunity 4, also known as Yishun’s millionaire row.

You see, below’s where a couple of resale exec houses in the estate have actually breached the million-dollar mark. The most current one is the multi-gen flat at Blk 666, sold for a document of S$ 1.063 million.

More north in Sembawang, we have an additional late MOP-ed level that fetched an all-time high resale price.

Over at EastCrown @ Canberra BTO, a 2-room apartment cost a document S$ 358k, making a paper gain of around S$ 249k to S$ 269k. This is approximately 2.5 times the BTO price!

1953 Condo Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.