High Park Residences

Earlier this month in Singapore, at a Cambodian development’s inaugural launch, overseas investors and buyers experienced healthy sales. This coming weekend offers another opportunity for local buyers to see what the benefits are in investing in Phnom Penh High Park Residences.

According to the real estate firm known as CBRE, a prime Cambodian residential condo project, Axis Residences, acclaims itself with its extremely competitive amenity pricing and quality facilities in this quickly flourishing city of Phnom Penh.

High Park Residences Fernvale

High Park Residences Fernvale Singapore Condo

Earlier this April in Singapore over 100 visitors were in attendance for this projects very first sales expo, where it sold to a diverse pool of both foreign and local investors in High Park Residences.

Edwin Low, the General Manager for Cambodian developer Spring CJW, stated that they were pleased with investors positive response as well as the favourable take-up at the expo. He feels this is an affirmation that they are indeed on the right track with a philosophy that aims to design and deliver projects that are well built, set in good locations and have quality finishing. He further adds that their buyers have shown that they too have a shared affinity for the developers philosophy.

New Fernvale Sengkang Road High Park

Highly discerning investors know a top quality project when they see one, adds Low. Axis Residences’ quality layout, first class full condo amenities and facilities is something that resonates very well with local Singaporean, Cambodian and foreign investors alike in High Park Residences.

Low further points out that before the public launch, the project was 60% pre-booked and add in the good take up for this inaugural expo in Singapore, you get a testament of just how much this local market is maturing with a growing demand for condominium projects that are “A” Grade.

The condominium development project consists of 566 units and a total of eight towers that are 10 storeys each. There is also a suit that offers over 20 leisure and sports amenities including a tennis court, Jacuzzi, outdoor and indoor gymnasium, swimming pools, a half basketball court, outdoor and indoor playgrounds for children and abundant space for parking High Park Residences.

High Park Residences

Over the past 10 years, from 2005 to 2014, data has shown that Cambodia has achieved an excess of 7.5% GDP growth average. Cambodia’s economic growth has been projected, by the World Bank, to continue this trend for 2015 and 2016 of 6.9%.

The emergence of corporate occupiers from multinational High Park Fernvale Road backgrounds setting up in Phnom Penh have been tracked by CBRE Cambodia Research and show that these occupiers come from a range of industries, all having confidence in the story of Cambodia’s growth. Represented sectors include the textile and garment trade, financial services, mechanical automobile and high value electric.

Most notably is the PPSEZ, or Phnom Pehn’s Special Economic Zone, as being the kingdoms leading economic zone. PPSEZ, after being in operation for 8 years and having 77 domestic and international manufacturers/investors, has a mission to contribute actively and promote the development of Cambodia as a destination for global and bigger FDI (Foreign Direct Investments). PPSEZ is situated around 6 kilometres from the international airport of Phnom Penh.

Westwood Residences

The Media reports that the Singapore High Speed Rail Terminus will be at Jurong East has caused great rejoicing among property owners in the area. Experts believe that the new terminus will automatically act as a spur to raise the area’s property prices as well as a stimulation to the retail and commercial activities in the area and they noted that the district is well placed to be able to make the most of this boost in prices and activity in Westwood Residences Singapore showflat.

Westwood Residences Registration Here

CBRE Research Head for Singapore and South East Asia, Desmond Sim said that Jurong East is convenient for commuters because it is the interchange of the main Mass Rapid Transit Lines, The East-West, North-South, and forthcoming Jurong region Line and thus easily accessible.
Christine Li, Cushman & Wakefield’s research director said, there is much business space in the area: Jurong Gateway offers 500,000 square metres of offices, 250,000 square metres of retail, food, beverage and entertainment space plus 2,800 hotel rooms and these factors make it an ideal suburban site for company HQS, business, education, science and technology services. A magnet for many different types of Westwood Residences activity.

Registration for West EC in Singapore

Malacca, Nisjaya and Batu Pahat are stops on the high speed line and businesses from these areas in Malaysia could well be attracted to the Jurong area. An added attraction.
Jenny Khoo, the General Manager of Jern, a mixed use development Westwood Residences, said that Retailers think that the new developments, including the new High Speed Rail Terminal, will attract a larger catchment of both shoppers and office workers to the shopping facilities.
One official at the Mapletree Industrial Trust expects increased demands for industrial space at the Trust’s two buildings in the Jurong area, once the new rail line is ready for service.
MCL Land, currently developing Lakeville, Jurong West Street 4, was also awarded a nearby condominium site during March 2015. Koh Tek Chuan, MCL Chief Executive expects that, given the greater accessibility and increased vibrancy and connectivity afforded by the new high speed terminal, the two development projects will attract more overseas buyers than might otherwise have been the case for Westwood Residences Singapore.

Westwood Residences Singapore

PropNex Realty Chief Mohamed Ismail, said that during the first quarter 2015 non-landed property prices in Jurong fell by 8% from the previous quarter to $947.15 Singapore per square foot because of Government market cooling actions. In the same period, average rents on non-landed property increased by 6% to $3.30 Singapore per square foot. He added that property prices will slowly appreciate as the region develops over the next ten years.

Parc Life

General sluggish sentiment on the property outlook as well as likelihood of even more drop in property prices will obstruct the number of transactions quantities inside the private property market, especially of resale homes, said Propnex for Sembawang Parc Life. The report underlined the government’s reluctance to wind down the house and property cooling measures especially the TDSR at this point, interested investors will adopt a less active strategy and cheaper properties overseas as most of the reasons maintaining purchasing desire down for Fraser Sembawang Condo.

Sembawang Parc Life EC

Aside from the brief blip during the world-wide financial meltdown, which usually doesn’t take long to recover back to state, real estate property investors have generally been sitting on above and beyond attractive paper gains inside the previous property cycle,” she said.

From the resale market, although a few units have already been priced lower, you will find real estate sellers looking to hold off until such time as current market conditions are more beneficial. Alternatively, interest in new home projects in Sembawang Parc Life is expected to be much better as developers have more ways to promote projects strategically as well as creatively to get real estate investors in Fraser Sembawang Condo Parc Life.Frasers Sembawang Condo

Parc Life Fraser Centrepoint

Along at the unveiling of North Point Exhibition for Fraser Sembawang Condo on 1 August, Group CEO of Frasers Centrepoint Lim Ee Seng said, “Home owners at Northpark Residences won’t only get to enjoy the life-style choices and terrific convenience that Northpoint City delivers, they’ll at the same time make use of what currently Nee Soon offers for Sembawang Parc Life.

As sellers believe there will be still a long time well before interest rates raise, and also due to their very own existing financial equity gains, these existing home owners are unlikely to lower their very own price expectations. Also, these property owners could possibly time their own exit to be able to minimize or to avoid paying Seller’s Stamp Duties (SSD) impose by the local government bodies in Fraser Sembawang Condo.

Parc Life

The mega venture includes the largest shopping center in Fraser Sembawang Condo within the northern part of the city state, a residential development North Park Residences, the very first Neighborhood Club for being based in a shopping mall, a sky open regional community garden, along with a brand new township plaza.

The Vales EC Market

Experts rate Singapore’s luxury property for The Vales Showflat among the worst value performing. Singapore’s luxury residential property prices dropped significantly in 2014 as revealed in a report published by night Frank’s consultancies 2015 Wealth Report. This was given to the media in Night Frank’s Prime International Residents Index. (PIRI).

The Vales EC at Anchorvale Crescent by SinghaiYi
This index keeps track of the 100 key luxury cities and second-home markets in the world. Singapore fell 12.4% to 98% which is only 2 points off from being removed from the list altogether for The Vales SinghaiYi.

The Vales EC Showflat

Singapore’s Night Frank’s Research Head Alice Tan said Singapore was the only Asian country in the lower 40 positions of the index in The Vales Showflat. The next lowest were the Asian cities of Beijing at 63 and Taipei at 65.
Governmental controls on the market that were introduced in places like Hong Kong and Singapore are continuing to slow the market, this is according to Nicholas Hoult who is Head of Research for Asia Pacific, was quick to add.

The Vales Executive Condo

By using higher taxes and mortgage market intervention for The Vales Executive Condo in Singapore, these policies are deliberately aimed at limiting the rise and in some instances causing a drop in markets and cities such as Singapore and Hong Kong. In Singapore that markets have dropped especially in the luxury residential area by over 10% as revealed in this latest report.
However the price gap between the high-end and the mid tier residential housing prices have begun to narrow and this became more evident in the final quarter of 2014 in The Vales, Tan added.
This might be the perfect time for Ultra High Net Worth Individuals (*UHNWIs) to re-examine their thoughts on luxury residential homes in Singapore. The indications are that if the government relaxes the cooling measures in this area of the market a quick recovery could be evident.

The Vales Singapore

The Real Estate Developers Association of Singapore (REDAS) has put out a call to the government to relax the cooling measures for the high-end residential sector, this is due to the fact that this area of the market tends to attract UHNWIs who also bring in investments into the country, which create jobs for Singaporeans, Tan concluded.
*UHNIs are people with a net worth of $30 million USD not including their primary residence for The Vales.

Sol Acres EC

Apparently to be aware of is that for the purpose of sol acres lot one customers which usually are exploring just for properties, There are actually indeed various unsold developer units in the vicinity hence plenty of buyers are careful when shopping for a unit inside the condo. This has caused several home buyers in order to ask for discounts from the Sol Acres EC property developers to try and reduce the asking prices of the units.

Choa Chu Kang Sol Acres EC Showflat

Singapore developers will always be watchful and some may decrease prices to move balance units. There is a new ruling which states that developers must sell their units within a certain time-frame prior to being fined by the local government bodies. New homes by developers may also be launched in selective phases, to find out current market reaction for Sol Acres EC. Propnex anticipates that new project launches for the entire of 2014 will supply less than 10,000 units, a clear decline when compared to 15,885 units launched just last year and also 21,478 units in 2012 for Sol Acres EC Choa Chu Kang.

NParks, a local Singapore Statboard will transform the Jurong Lake District to a garden area for use by the general public, Development Minister Khaw Boon Wan reported in a blog post yesterday evening. Extending over 70 hectare, the Jurong Lake District is going to combine Jurong Lake Park, the Chinese Garden and the Japanese Garden into a large neighbourhood area for the individuals and the public.

Transaction volume might well be the same as the levels evident in the meltdown time period, which could be viewed as being a healthier improvement for the residential real estate market, presuming economical conditions don’t change.”

Sol Acres

The Sol Acres EC ultra assignment will include the number one shopping center in the northern part of the city state, a huge residence North Park Residences, the first Community Club that should be situated at a local mall, a sky top regional community back garden, plus a new township plaza.

Punggol HDB owners will probably be able to make use of the new vast array of real estate possibilities combined with new amenities which include the Punggol Waterway Point. The new houses will be launched as the authorities will establish to transform Punggol town into a superior property estate for young couples. The all new houses in Punggol will set to incorporate new state of the art attributes of which is friendly to the natural environment but at the same time is not going to undermine quality standard of living near Sol Acres new EC.

Sol Acres EC in Singapore

Geylang is just about the last place in the city state that any property or home investor would think of to invest due to the awful image it has earned due to its many massage stores and sleazy nightlife enjoyment outlets. Nonetheless, a study conducted by several property experts shown that Geylang offers very good long term prospects for real estate investment in the city state. Capital gain in Geylang is widespread as sources indicate that the average selling prices of landed properties in the area rose 37 percent to $1,270 psf in 2011, from S$925 psf in Q2 2009.

Terrace EC Punggol

Oddly enough to keep in mind is usually that designed for terrace executive condominium clients which usually are seeking just for assets, There are indeed lots of unsold developer units in the area hence a lot of buyers are very careful when shopping for a unit inside the project. This has resulted some new home buyers to request for discounts from the real estate developers to decrease the selling prices of the units for Terrace EC.

Terrace EC in Punggol

Quite a few potential buyers with deep pockets are currently seeking around for top of the range houses in distress or are in fact marketed with volume special discounts through the developers. Developers now are more open to discounts as they currently have to pay for the development expenses should units be left unsold after TOP.

Pricing of private real estate in Singapore continuously cool although at a decreased pace as indicated by Urban Redevelopment Authority (URA)’s flash estimate for Q3 2014.
Based on Colliers International’s Director together with Advisory Chia Siew Chuin, several property owners are not in any urgent need to get rid of their houses as a lot of have previously gained from prior home trades. Some may even be still sitting on paper profits if they made their particular investments within the preceding property up-cycle.“It can be seen that owners of private homes today have benefitted from the robust capital growth since 2005 in Terrace EC.

The Terrace EC New Launch Punggol

Additionally, property developers have are sitting on the paper gains in the residential house price increase from the previous property cycles. Chia said, “With the handsome profits made through the good times, some of them develop the fiscal ability to keep current purchase prices or else offer moderate discounts. Potential customers are very familiar with the prevailing downtrend in price levels as well as they keep away from making private condominium Terrace EC today, in anticipations of reduce selling prices inside the close to term.”

We will certainly make it exciting, informative & amazing, in line with shifting circumstances & our own achieving success across the dozens of years,” Mr Khaw wrote.It’s place will allow NParks to be able to merge the future Science Centre with the new Gardens, mixing concepts which can include research, technology and garden. The new Science Center has gotten extended to carry out as construction works were halted to reduce Terrace EC Punggol the requirement for building construction laborers, in accordance with earlier reports.

Punggol EC in Punggol

People in Yishun can look forward to the introduction of Northpoint, the most recent addition for the rising wide variety of integrated developments in the city state’s neighbourhoods.
The ultra venture will include the most significant shopping center within north the city state, a huge residence North Park Residences, the 1st Neighborhood Club that should be situated at a mall, a open concept regional community garden, and a brand new community plaza Terrace EC.

At the launch of Northpoint on 1 August, Group CEO of Frasers Centrepoint Homes Lim Ee Seng said, “Owners at North Park Residences doesn’t just get to take pleasure in the lifestyle possibilities and also superb convenience that Northpoint City offers, they’re going to on top of that reap the benefits of what currently Nee Soon provides. Included in this are good colleges, recently enhanced recreational areas, advanced health facilities along with an plentiful of recreational clubs and establishments. The latest measures by the HDB to enhance Yishun into a much more dynamic living space for senior residents in the neighborhood resulted in various actions coming out to completely transform Yishun.

Terrace EC

Many Amenities For the Kids await you here at The Terrace

The kids especially will enjoy the Kid’s Pool made just for their fun, safety, and your peace of mind.

They also have their Gym Pool, Playground, and Enrichment room where arts and crafts and other organized activities will provide them with exciting and knowledge building experiences. There is also a Kid’s Multifunction room geared to activities that change with their desires and wishes. For the smaller children a fully supervised playroom is also here at the Terrace to give you a break to enjoy some quiet time of your own.

Adults can also find exciting things to do at The Terrace EC

As already mentioned there is Origami pool, as are two Sail Pavilions, a 50 m Beach Pool with adjacent Changing Rooms at Terrace EC, and showers. You will also find the Sundeck where you can work on getting that gorgeous tan you’ve been wanting. Here are some of the other Special amenities you will fine here as well:

Along the same beach area there is where Beach Cabanas at Terrace EC have been set up so you can have a light brunch while enjoying the sunshine in complete privacy.

For the barbecue aficionado there is not one Barbecue Area but two, designed and built for your barbecuing pleasure.

For the nature lover you have Urban Farming, a Biopond, and a Dipterocarp Forest.

Kheng Leong Punggol Terrace

For the more active, there is a Dance Studio near the Waterfront Gym with the nearby Steam Room to relax your aching muscles after a hard workout, after an invigorating dance class at Terrace EC, or an afternoon of swimming and water sports.

A Dining Pavilion has been provided where you can have gourmet dining. If you prefer you can eat out on the Floating Deck which is near the Sports Bar and Games Room.

Finally, to top it all off there is a gigantic Clubhouse facility where parties, business meetings, and many other activities are held and where you can schedule to have activities of your own at Terrace EC.

Shopping, Restaurants and So Much More at Terrace EC!

At this time the Waterway Point Shopping Center, Which will be one of the most exciting places to find exciting New Fashions and accessories as well anything else you could desire such as fine dining and recreation facilities.

There is a local waterpark for the kids as well as the adults. There are entertainment clusters scattered throughout the area. You can enjoy horseback riding, and the Coastal Promenade where jogging, bicycling, walking, or rollerblading is the name of the game for Terrace EC.

At Coney Island, you have beach activities and even camping. There are also numerous walking areas both for scenic attractions and for nature trails. Walk along kilometers of the river way itself. For the more adventuresome, you can kayak or paddle up and down its length and even go beyond the city itself and tour rustic areas that are nearby. You can even visit villages that have been along this waterway for years uncounted, sample the local cuisine, and perhaps buy fresh fruits, vegetables, and souvenirs.

Punggol The Terrace

This is one of the fastest growing urban living centers in Singapore today. Future plans already in progress have a sports stadium, transportation hub, an additional railway service that can take you anywhere in this beautiful City State along the Pacific Rim.

A creative cluster, learning Center and a state-of-the-art indoor waterpark are just a few of the amenities that are now planned are in progress for Ponggol’s future expansion. This will become the premier seafront community.

The Terrace Upcoming Executive Condominium

Already a new town square is being built that will be finished in five years for Terrace EC and will be built next to the Water Point Mall here the downtown expansions will grow the city center to include F&B outlets, Meeting points, have an Integrated Community Center (ICC) with library and other community facilities housed in one location.

Many schools are already in operation and others are being built to support the influx of residences to this area.

Now is the time for you to consider changing your current venue to that that is offered here at the Terrace Executive Condominiums.

Land for Urban Oasis Aljunied

Two GLS (Government Land Sales) sites that are soon to be released this year for Urban Oasis Aljunied will need to use advanced technology in their construction process. Prefabricated Prefinished Volumetric Construction, or PPVC, will be implemented at Jurong West Street 41, which is set for release in December 2014, and Yishun Avenue 4, which is scheduled for a November 2014 release date.

The use of PPVC for Sims Urban Oasis is within the newly revised guidelines of the Building Control Regulations which was announced by the BCA (Building and Construction Authority). The regulations will now require the use of construction methods that are labor efficient along with improving the productivity of construction through building designs.

Government Land Sales for Urban Oasis Aljunied

As of the 1st of November 2014 it will be compulsive for projects to utilize standardized and prefabricated components in their construction for Sims Urban Oasis. One specific regulation requires that any residential development that is non-landed to use drywall for any partitions that are internal in areas that are dry. It will also be requires, of new projects, to implement standardized floor heights and other building components such as premade garbage chutes, staircases and doors. They could be HDB upgraders for Sims Urban Oasis, or singles and new newlyweds seeking their particular first dwellings. The Total Debt Servicing Ratio (TDSR) framework just sealed the lid tighter on liquidity as well as made it much tougher for HDB upgraders to own a private house , not to mention new couples aiming to join the fray by bypassing the HDB route.

New projects such as Sims Urban Oasis will also need to meet the required higher minimum standards of Buildable Design and Constructability by BCA in order to ensure that buildings are easier to construct as well as to encourage construction processes and methods that are deemed efficient.

Building of Sims Urban Oasis

Regulations for the building for Urban Oasis

Last on the list of regulations in the building for Sims Urban Oasis in Geylang by Guocoland is a requirement for any non-landed residential site to utilize technologies in the building for Urban Oasis by Guocoland deemed productive for projects such as PBU’s (Prefabricated Bathroom Units). This regulation includes Executive Condominiums and the residential part of sites that are mixed use that were sold under the GLS program. This means that GLS sites will also need to adopt the PPVC regulations.

The process of PPVC includes the assembly of whole apartment units or rooms which will be fully assembled away from the actual project site in Urban Oasis Geylang. These will then be fitted on the project site in a manner that is similar to building with LEGO. The use of PPVC was also created to boost safety at the worksite since modules that have been prefabricated are done in a factory setting.

Fabrication Urban Oasis

Guocoland Sims Urban Oasis Geylang

The PPVC regulations for building of urban oasis condo will also affect other projects, such as a student hostel being constructed at Nanyang Technological University and a Crown Plaza Changi Airport Hotel that is adding an extension to their building.

A soon to come Sembawang EC project that is being constructed by CDL (City Developments Limited) will be the first Asian developer to adopt PPVC in the construction of a larger scale residential project.