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Kent Ridge Hill Residences Condo @ Outram - 61001116 Singapore

Emerald of Katong: Experience the Heritage-Rich Luxury in District 15

As you step into the vibrant heart of Tanjong Katong, you’ll discover a hidden gem that seamlessly weaves together the rich tapestry of heritage and modern luxury – Emerald of Katong. This stunning residential oasis promises to redefine urban living in Singapore, offering you a unique blend of innovative design, luxurious amenities, and superior accessibility. Imagine waking up every morning surrounded by the charm of Katong’s cultural diversity, vibrant lifestyle, and rich history, yet still being just a stone’s throw away from the city’s major attractions. Get ready to experience the epitome of luxurious living in District 15, where every moment is a testament to your refined taste and discerning sensibilities.

Luxurious Living in District 15

A world of opulence awaits you at Emerald of Katong, where the essence of luxury living is redefined in the heart of vibrant Tanjong Katong.

Innovative Design and Contemporary Luxury

Lavish interiors, sleek lines, and modern architecture come together to create a masterpiece of contemporary luxury at Emerald of Katong condo. As you step into your new home, you’ll be greeted by the perfect blend of form and function, carefully crafted to provide you with a truly exceptional living experience. With innovative design elements and luxurious finishes, every aspect of your home is designed to impress. From the moment you enter, you’ll be surrounded by the finest materials and craftsmanship, carefully selected to create a sense of sophistication and refinement. Whether you’re entertaining friends or relaxing with family, your home at Emerald of Katong is the perfect setting for creating unforgettable memories.

Exquisitely Designed Residential Units

For those who demand the very best, Emerald of Katong offers an exclusive collection of 846 exquisitely designed residential units, ranging from intimate 1-bedroom + study apartments to spacious 5-bedroom residences. Each unit is meticulously crafted to provide maximum comfort and style, catering to the diverse needs of modern families like yours. Designed to perfection, every unit at Emerald of Katong boasts generous living spaces, sleek kitchens, and luxurious bathrooms, all carefully planned to create a seamless flow of functionality and elegance. With high ceilings, large windows, and thoughtful layouts, your new home is the epitome of modern luxury living. Whether you’re a young professional, a growing family, or an empty nester, Emerald of Katong has a residence that’s tailored to your unique needs and preferences. Experience the ultimate in luxurious living, where every detail is carefully considered to provide you with a truly exceptional lifestyle.

Unparalleled Accessibility and Connectivity

Even in a city as vibrant and connected as Singapore, Emerald of Katong stands out for its exceptional accessibility and connectivity. This luxurious residential development offers you the ultimate convenience, making it easy to get around the city and explore all that it has to offer.

Close Proximity to Public Transportation Networks

Connectivity is key in modern urban living, and Emerald of Katong delivers. Located just minutes from Tanjong Katong MRT Station, you’ll have effortless access to the city’s comprehensive public transportation network. The nearby Tanjong Katong Bus Stop further expands your travel options, making it easy to get to work, school, or anywhere else you need to go.

Moreover, Emerald of Katong is conveniently connected to the Thomson-East Coast Line, providing you with even greater mobility and flexibility. Whether you’re commuting to the city center or exploring the surrounding neighborhoods, you’ll appreciate the convenience and ease of getting around.

Conveniently Connected to Major City Attractions

Conveniently situated in the heart of Tanjong Katong, Emerald of Katong puts you within easy reach of major city attractions. From iconic shopping centers like Katong Shopping Centre and I12 Katong to popular eateries and recreational facilities, you’ll find everything you need just a short distance from your doorstep.

With Emerald of Katong, you’ll enjoy unparalleled access to the best of Singapore’s urban lifestyle. Explore the vibrant neighborhoods of District 15, visit the nearby East Coast Park, or take a leisurely stroll along the Katong Park Connector – the possibilities are endless, and the convenience is unmatched.

With its prime location and seamless connectivity, Emerald of Katong offers you a lifestyle that’s truly unparalleled. Imagine being able to effortlessly explore the city, enjoy world-class amenities, and retreat to the comfort and luxury of your own home – it’s the ultimate urban living experience, and it’s waiting for you at Emerald of Katong.

Exceptional Amenities for a Luxurious Lifestyle

If you’re looking for a living experience that combines luxury, comfort, and convenience, Emerald of Katong has got you covered. This stunning residential development offers an unparalleled range of amenities designed to elevate your lifestyle to new heights.

Recreational Facilities for All Ages

The tranquil surroundings of Emerald of Katong are perfectly complemented by an array of recreational facilities that cater to all ages and interests. The development features a state-of-the-art gym, tennis courts, and a sparkling pool, ensuring that you can stay active and healthy in style. Meanwhile, the beautifully landscaped gardens and outdoor spaces provide the perfect setting for relaxation and socializing with family and friends.

For families with young children, Emerald of Katong offers a kids’ playground and a childcare centre, providing a safe and nurturing environment for your little ones to grow and thrive. And with East Coast Park and Katong Park Connector just a stone’s throw away, you can enjoy a range of outdoor activities, from cycling and jogging to picnicking and bird-watching.

Luxurious Features for Elevated Living

Ages ago, luxury living was all about opulence and extravagance. Today, it’s about thoughtful design, attention to detail, and a deep understanding of what makes life truly special. At Emerald of Katong, you’ll discover luxurious features that have been carefully crafted to elevate your living experience to new heights.

From the elegant function rooms and lavish lounge areas to the sleek, modern kitchens and stylish bathrooms, every aspect of Emerald of Katong’s design has been meticulously planned to provide you with a life of comfort, convenience, and indulgence. And with a range of premium appliances and fixtures, you can rest assured that your new home will be both beautiful and functional.

Recreational pursuits are an integral part of the Emerald of Katong experience, and the development’s luxurious features have been designed to support your active lifestyle. Whether you’re a fitness enthusiast, a social butterfly, or simply someone who appreciates the finer things in life, you’ll find that Emerald of Katong offers everything you need to live life to the fullest.

Prime Location and Abundance of Amenities

After discovering the luxurious features of Emerald of Katong, it’s time to explore its prime location and abundance of amenities that make it an irresistible choice for discerning homebuyers like you.

Top-Quality Educational Institutions

With your child’s education being a top priority, you’ll appreciate Emerald of Katong’s proximity to top-quality educational institutions. Tanjong Katong Primary School and Haig Girls’ School, both within a mile radius, offer your child quality instruction close to home, giving you peace of mind.

Imagine being able to walk or take a short drive to school, saving you time and energy while providing your child with a convenient and comfortable commute. This is the kind of lifestyle Emerald of Katong offers, making it an ideal choice for families with young children.

Retail Therapy Opportunities and Recreational Facilities

Recreational activities and retail therapy are just a stone’s throw away from Emerald of Katong. Explore the iconic Katong Shopping Centre, I12 Katong, and sprawling Parkway Parade for shopping sprees or dine at popular eateries all within close proximity to home.

You’ll love the abundance of recreational facilities available, perfect for all ages. Take a leisurely stroll along the heritage-rich Katong Joo Chiat, cycle along Katong Park Connector, or explore East Coast Park, all within easy reach from your luxurious residence.

Amenities abound at Emerald of Katong, providing you with an unrivalled lifestyle experience. From lounging by the poolside to working out at the state-of-the-art gym, hosting gatherings in elegant function rooms, or simply enjoying the convenience of public transportation networks, this residential development has thoughtfully planned every aspect to elevate your quality of life.

To wrap up

Hence, as you stand at the threshold of Emerald of Katong, you are not just entering a residential property, but stepping into a world of opulence and refinement. This heritage-rich luxury condominium in District 15 offers you a unique blend of modern comfort and nostalgic charm, carefully crafted to elevate your lifestyle to unprecedented heights.

With its prime location, superior accessibility, and luxurious amenities, Emerald of Katong is undoubtedly the epitome of urban living in Singapore. Whether you’re a discerning homeowner seeking a tranquil retreat or a savvy investor looking for a lucrative opportunity, this majestic development promises to exceed your expectations and provide you with a lifetime of comfort, convenience, and indulgence. So, take the first step towards experiencing the best of luxury living –  visit the Emerald of Katong showflat today and discover your dream home.

If you are looking for resale property that is relatively new, Kent Ridge Hill Residences is one of the project that you can considered.

The Future of Work: Embracing Virtual Offices in Singapore

Discover how virtual offices are revolutionizing the work landscape in Singapore and shaping the future of remote work culture.

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Introduction: In the bustling city-state of Singapore, where traditional office spaces have long been the norm, a new trend is on the rise – virtual offices. With the advancement of technology and changing work dynamics, more and more companies are embracing remote workspaces as a way to adapt to the modern work environment. In this blog post, we will explore the benefits and challenges of virtual offices in Singapore.

The Benefits of Virtual Offices

Increased Flexibility: One of the key advantages of virtual offices is the flexibility it offers to employees. Working remotely allows individuals to choose where they work, whether it be from the comfort of their home at Pinetree Hill, a co-working space, or even while traveling. This flexibility can lead to increased productivity and job satisfaction.

Cost Savings: For businesses, virtual offices can mean significant cost savings. By eliminating the need for a physical office space, companies can save on rent, utilities, and other overhead expenses. This can be particularly beneficial for startups or small businesses looking to cut costs while still operating efficiently.

Improved Work-Life Balance: Remote workspaces also promote a better work-life balance for employees. With the flexibility to set their own schedules and work from Kent Ridge Hill Residences condo, individuals can better manage their personal and professional lives. This can result in reduced stress and a more fulfilling work experience.

Access to a Global Talent Pool: Virtual offices open up the opportunity for businesses to tap into a global talent pool. With remote work, companies can hire the best candidates regardless of their geographical location. This diversity can bring fresh perspectives and skills to the team, ultimately benefiting the overall organization.

The Challenges of Virtual Offices

Communication and Collaboration: One of the main challenges of virtual offices is maintaining effective communication and collaboration among remote teams. Without face-to-face interactions, it can be difficult to convey tone, build relationships, and coordinate projects. Companies must invest in tools and strategies to facilitate seamless communication in a virtual setting.

Maintaining Company Culture: Another challenge of virtual offices is preserving company culture and team morale. Building a strong sense of community and belonging can be more challenging when employees are spread out geographically. Employers need to find creative ways to foster engagement and teamwork in a virtual environment.

Data Security and Privacy: Ensuring data security and privacy is a critical concern for virtual offices. With employees accessing company data from various locations, the risk of cyber threats and breaches increases. Companies must implement robust security measures and educate employees on best practices to protect sensitive information.

Work-Life Balance: While virtual offices offer flexibility, there is also the risk of work-life balance issues and burnout. Without clear boundaries between work and personal time, employees may find themselves working extended hours or feeling constantly connected to work. Employers should emphasize the importance of setting boundaries and taking breaks to prevent burnout.

Embracing Virtual Offices in Singapore

Case Studies: There are many companies in Singapore successfully implementing virtual offices and reaping the benefits. Companies like XYZ Inc. and ABC Tech have embraced remote workspaces to accommodate their employees’ needs and enhance productivity. By sharing these success stories, businesses can learn from their experiences and adapt them to their own operations.

Tips for Transitioning: For businesses looking to transition to a virtual office model, it’s essential to have a solid plan in place. Start by assessing the needs of your team, investing in the right technology tools, and setting clear expectations for communication and collaboration. Providing training and support for employees making the switch to remote work can also smooth the transition process.

Resources and Tools: Fortunately, there are numerous resources and tools available for remote teams in Singapore. From project management software to video conferencing platforms, there are solutions to help streamline communication and collaboration in a virtual setting. By leveraging these tools effectively, teams can work efficiently and stay connected despite physical distance.

Future Outlook: The future of work in Singapore is undoubtedly heading towards a more virtual and flexible model. As technology continues to evolve and the workforce becomes more digitally savvy, virtual offices will become increasingly prevalent. By embracing this shift and adapting to the changing work landscape, businesses can stay competitive and attract top talent.

Conclusion

In conclusion, virtual offices are revolutionizing the way we work in Singapore, offering a host of benefits while presenting unique challenges. By understanding and addressing these challenges, businesses can successfully navigate the transition to remote workspaces and thrive in the modern work environment. As the future of work continues to evolve, virtual offices will play a crucial role in shaping the workforce of tomorrow in Singapore.

 

Crystal Ball Gazing: Price Predictions for Singapores Market in 2024

Curious about the future of Singapore’s market in 2024? Get ready to delve into crystal ball gazing and price predictions!

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Hey there, fellow forecasters! Today, we’re going to dive into the crystal ball and explore the exciting world of price predictions for the Singapore market in 2024. It’s always fascinating to peek into the future and try to anticipate what might be in store for us, especially when it comes to the world of finance and economics. Analysts have been hard at work crunching numbers and analyzing trends to give us a glimpse of what the future might hold. So, let’s buckle up and get ready to navigate through the price predictions for Singapore in 2024.

Before we delve into the nitty-gritty details of price predictions, let’s take a moment to understand why they are so crucial for individuals and businesses in Singapore. Price predictions help us make informed decisions, whether it’s about investing in the stock market, buying a property, or planning our finances for the future. Analysts play a significant role in this process by studying market trends, economic indicators, and other factors to provide us with valuable insights.

Current Economic Landscape in Singapore

As we peer into the crystal ball for 2024, it’s essential to take stock of the current economic conditions in Singapore. The country has always been known for its robust economy and business-friendly environment. Factors such as GDP growth, inflation rates, and global trends all play a crucial role in shaping the market landscape. Understanding these factors will give us a better perspective on what to expect in the coming years.

Price Predictions for Various Industries in Singapore

The real estate market in Singapore is always a hot topic of conversation. Analysts are forecasting a mixed bag of predictions for property prices and rental rates in 2024. Government policies and global economic factors are expected to have a significant impact on the real estate sector. As investors and homeowners keen on Kent Ridge Hill Residences, keeping an eye on these predictions will help us make informed decisions about our real estate investments.

Technology Sector

The tech industry in Singapore is booming, and analysts are predicting exciting developments in 2024. From tech stocks to emerging technologies, there are plenty of opportunities for investors to explore. Market trends and advancements in technology will shape the landscape of the tech sector in the coming years. Staying informed about these predictions can help us identify potential investment opportunities.

Retail Industry

Consumer spending and retail sales are crucial indicators of the health of the economy. Analysts are predicting shifts in consumer preferences and retail trends in Singapore in 2024. The rise of e-commerce and changing consumer behaviors are expected to impact retail businesses. By staying updated on these predictions, businesses can adapt their strategies to cater to the evolving needs of consumers.

Risks and Challenges

While price predictions can provide us with valuable insights, it’s essential to be aware of the potential risks and challenges that could affect their accuracy. External factors such as geopolitical events and regulatory changes can have a significant impact on the market. By understanding these risks, we can better prepare ourselves for any uncertainties that may arise in 2024.

Conclusion

As we wrap up our journey through the crystal ball of price predictions for Singapore in 2024, it’s clear that there are exciting times ahead. By staying informed about market trends and forecasts, we can better navigate the complex world of finance and economics. Whether you’re a seasoned investor or just curious about what the future holds, keeping an eye on price predictions will help you make informed decisions and seize opportunities as they arise.

 

How Singapore Property Market Stays Afloat in Economic Turmoil

Discover the secrets behind Singapore’s resilient property market and how it thrives amidst economic uncertainty. Find out what’s driving success!

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Hey there, fellow property enthusiasts! Today, let’s delve into the fascinating world of Singapore’s property market and how it manages to weather economic challenges like a true champ. Singapore has certainly faced its fair share of economic turmoil in recent years, but through it all, the property market has shown remarkable resilience.

Strong Economic Fundamentals

One of the key factors that have helped Singapore’s property market stay strong in the face of economic challenges is the country’s robust economic fundamentals. With a consistently growing GDP, low unemployment rates, and a stable political environment, Singapore provides a solid foundation for a thriving property market.

Government Policies and Initiatives

The Singapore government has been proactive in implementing measures to support the property market during economic downturns. From cooling measures to stamp duties and grants for first-time homebuyers, the government has been quick to react to changing market conditions and provide much-needed stability in the property sector.

Foreign Investment and Demand

Foreign investment and demand also play a significant role in maintaining the resilience of Singapore’s property market. With foreign buyers, particularly those from China, showing keen interest in Singapore’s real estate market, the demand for properties remains strong even during challenging economic times.

Opportunities for Investors and Homebuyers

Despite economic challenges, Singapore’s property market continues to offer lucrative opportunities for investors and homebuyers alike. By navigating through the ups and downs of the market intelligently and capitalizing on the government’s support initiatives, investors can still find success in the property sector.

Conclusion

So, there you have it – a glimpse into how Singapore’s property market manages to stay afloat in the midst of economic turmoil. With strong economic fundamentals, government support, and foreign interest, the property market in Singapore continues to present opportunities for those willing to navigate through challenges. Cheers to the resilience of Singapore’s property market!

 

Unlocking the Hidden Gems of Investment Hotspot in Singapore

Discover the secret gems of Singapore’s real estate market and uncover the investment hotspots that are generating massive profits.

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Hey there, fellow investors! Are you looking to make your mark in Singapore’s bustling real estate market? Well, you’ve come to the right place! In this blog post, we’re going to take a friendly stroll through some of the top investment hotspots in Singapore where you can find great value in real estate. So, let’s dive in and uncover the hidden gems that Singapore has to offer!

Orchard Road

Ah, Orchard Road – the heart of Singapore’s shopping paradise! If you’re looking for a prime location that promises high rental yields and capital appreciation, this is the place to be. With its swanky residential properties and luxurious condominiums, Orchard Road is a magnet for expats and the affluent crowd. Plus, who wouldn’t want to live just steps away from the best shopping malls, dining spots, and entertainment venues in town?

Marina Bay

Next up, we have the glamorous Marina Bay! This bustling business district is a hotspot for commercial real estate investments. From the iconic Marina Bay Sands to the thriving corporate scene, Marina Bay offers investors the opportunity for lucrative rental returns. And let’s not forget the stunning waterfront views and top-notch amenities that come with residential properties in this area. It’s no wonder why Marina Bay is a magnet for expats and professionals!

Bugis

Now, let’s talk about Bugis – the hip and happening neighborhood bursting with arts and culture! This trendy hotspot is a favorite among young professionals and students alike. With a mix of residential and commercial properties, Bugis presents a unique opportunity for investors looking to diversify their portfolio. As the neighborhood continues to attract millennials and expats, Bugis is on track for future growth and promising rental income.

Jurong East

Last but not least, we have Jurong East, which is near to Kent Ridge Hill Residences location – the up-and-coming commercial and residential hub of Singapore! With the exciting Jurong Lake District transformation project in the works, this area is set to become a major player in the real estate scene. Offering a range of affordable housing options and commercial spaces, Jurong East is a gem for budget-conscious investors looking to make a smart investment. And with its proximity to schools, offices, and recreational facilities, rental demand in Jurong East is only set to soar!

Conclusion

In conclusion, Singapore’s real estate market is ripe with investment opportunities just waiting to be discovered. By exploring these curated investment hotspots – from the glitzy Orchard Road to the vibrant Bugis, and the promising Jurong East – you can unlock the hidden gems of Singapore’s real estate market and make a savvy investment that promises long-term gains. So, what are you waiting for? It’s time to dive in and secure your piece of the Singaporean real estate pie!

 

How HDB Upgrading Boosts Your Homes Value

 

Discover the secret to increasing your home’s value with HDB upgrading – a proven strategy for maximizing your property’s potential.

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Welcome to the world of HDB upgrading, where enhancing value in Singapore’s public housing is not just a dream but a reality. When it comes to maximizing the potential of your HDB flat, upgrades play a crucial role in increasing its value and making it a more comfortable living space for you and your family.

Overview

Let’s delve into the various options available for upgrading your HDB flat and how these upgrades can significantly enhance its value.

HDB Upgrading Options

When it comes to upgrading your HDB flat, you have several options to choose from. The Home Improvement Program (HIP) offers a range of renovations, while the Enhancement for Active Seniors (EASE) caters to the needs of elderly residents. Additionally, the Main Upgrading Program (MUP) provides comprehensive upgrades to enhance the overall living experience in your HDB flat.

Home Improvement Program (HIP)

The HIP offers a variety of renovations to improve the functionality and aesthetics of your HDB flat. From upgrading your bathrooms to installing new piping systems, participating in HIP can lead to a significant increase in your flat’s value.

Main Upgrading Program (MUP)

Under the MUP, eligible HDB owners can benefit from a range of enhancements, such as lift upgrading and facade improvements. These upgrades not only enhance the visual appeal of your HDB flat but also contribute to its overall value.

Tips for Maximizing Value through HDB Upgrading

When it comes to upgrading your HDB flat, it’s essential to consider the resale potential of your upgrades. Think about what features potential buyers would value and invest in upgrades that offer a good return on investment. If you are thinking of cashing out your HDB after the upgrading, you can consider to upgrade to a 3 bedroom in Pinetree Hill Singapore.

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Consulting with HDB professionals can also help you navigate the upgrading process more effectively. HDB officers can provide valuable advice on the best upgrades for your flat and help you understand the eligibility criteria for various upgrading programs.

Planning for the long term is another crucial aspect of maximizing value through HDB upgrading. Consider future-proofing your flat with upgrades that are sustainable and eco-friendly, ensuring that your investment continues to add value over time.

Case Studies of Successful HDB Upgrading Projects

Let’s take a look at some real-life examples of HDB flats that have successfully increased their value through upgrading. By exploring these case studies, you can gain insights into the potential impact of upgrades on your own flat and own a unit at Kent Ridge Hill Residences condo, which is located at South Buona Vista Road.

Interviews with HDB owners who have undergone successful upgrading projects can provide valuable insights into the benefits of upgrading and how it has enhanced their living experience. Seeing before-and-after comparisons of HDB flats can also showcase the transformative power of upgrades.

Conclusion

Enhancing the value of your HDB flat through upgrading is not just about aesthetics but also about creating a more comfortable and functional living space. By exploring the various upgrading options available and following the tips outlined in this blog post, you can maximize the potential of your HDB flat and enjoy a higher resale value in the future.

So, why wait? Start unlocking the potential of your HDB flat today through strategic upgrades that enhance both its value and your quality of life.

 

Rents and prices of private homes fell by 1.9% during Q1

Singapore’s house prices grew at the slowest quarterly rate in three years. Home sales were down, while supply was up and rents decreased in the 1st quarter of 2024.

Analysts have said that downward pressure on private residential markets is likely continue in coming months due to the fact that both home buying demand and rental demands are expected to moderate amid the economic uncertainty.

Urban Redevelopment Authority statistics released Friday (Apr. 26) revealed that private residential property values rose 1.4% in 2024’s first quarter. The 1.4 percent figure was a bit lower than the agency’s 1.5 percent flash estimate earlier this week, but it followed a 2.8 percent rise in the previous three months.

The 1.4 percent increase is the smallest gain in a quarter since Q3 of 2021 when it had a 1.1% rise.

Rents fell by 1.9 percentage points in Q1, following a 2.1 percentage point decline in the quarter before.

The slower price increase reflects the cautious stance of homebuyers who are wary about high price levels in an environment where wages have been stagnant and economic conditions are softening.

Private home prices rose by 34.4% following the Covid pandemic.

This has led to an increase in the resistance of foreigners towards high-priced homes, especially with higher interest and the imposition of a 60 percent ABSD for foreigners that takes effect late April 2023. As a result, developer sales for the full year 2023 fell to 6,421 housing units. This was a 15 year low.

Unsold stock of uncompleted unit (excluding ECs), jumped 17.8 % to 19,936 in Q1, from 16,929 in the Q4 of 2023. Unsold stock, which includes completed units as well, increased 17 percent to 20,204 unit in Q1.

In the first half of 2024 the price of homes rose most rapidly for landed property, rising by 2.6%.

Lentor Hill Residences

Prices of nonlanded properties rose by 1% during the first quarter, compared with a 2.3% jump in the previous period.

Prime Core Central Regions (CCRs) were responsible for price gains of 3.4% in Q1. Rest of Central Region & Outside Central Region both saw modest increases of 0.3 % and 0.2 %, respectively.

The public release of Watten House within the CCR segment appeared to be a boost for sentiment. Existing developments such as Perfect Ten or Leedon Green have seen transactions at higher media prices.

CCR buying could bring prices in line with other regions. CCR prices increased by approximately 11 percent between 2021-2023. They are far behind other areas where prices have grown over 30 percent.

The total sales volume in Q1 was down by 2.4%, the third consecutive quarterly decline. It fell to 4,230 items. In Q1, resale transactions fell by 5%, from 2,689 to 377 units.

In Q1, only the new sales market improved. Volume was up 6.6% at 1,164 units. It was because developers began to offer more private homes, 1,304 units except for executive condominiums. This is a significant increase from the 1,060 units in Q4.

Yet, the Q1 take-up of newly launched products has slowed. A new launch with more than one hundred units saw a take-up percentage of about 39 per cent compared to 54 per cent a year before.

This is also the lowest sales volume recorded in the Q1 of this year since Q1 of 2008, when 762 vehicles were sold.

Developers also have become more conservative in their bidding on land. They may price new units at an affordable level to attract local customers. In Q1, median transacted prices for non-landed private homes, excluding ECs (excluding ECs), dropped from S$2.15million in the previous quarterly.

Rents, however, declined 1.9 percent in Q1, following a decline of 2.0 per cent the quarter before.

Last year, excluding ECs, there were 19,968 private houses completed, which was the most since 2016 when 20,803 homes were finished.

In the quarter ending March 31, only 241 completed units were delivered, with the majority of them being the Meyer Mansion (200-unit freehold) in District 15. The total number of completed units has decreased by 188 due to the demolition and redevelopment of some projects.

The vacancy rate dropped to 6.8 percent at the end-of-Q1 from 8.1 percent in Q4.

10561 private homes including ECs should be completed within the last three quarters in 2024. Sixty-three units will be ready in 2025.

Analysts expect rental rates to ease further in the coming months.

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Rents may drop up to 5 percent in this year as a result of an increase in housing stocks, a decrease in the number of incoming foreigners and possible budget restrictions for existing tenants.

Rents may stabilize next year due to the fact that new completions of 2025 and 2020 will be about 6,691 each per annum. This is much less than a decade-long average 13,275 units.

Rents have risen 52 per cent since Q3 2019. She expects CCR rentals to fall further with elevated vacancy and substantial completions 2024 .

Yet, a healthy portfolio of new project launches can stimulate the demand for housing and boost market activity.

Luxury home rentals jump in Q1 amid wider slump

Agents reported that, in contrast to the general market decline, rents for large luxurious homes have risen in the first-quarter, as the demand of foreigners with high net worth has met the limited supply in this segment.

An analysis showed that a particular market segment – non-landed private residential four-bedroom apartments – experienced a 36.5% increase in demand in the quarter following the fourth quarter of the year 2023.

This segment’s leasing demand also increased 19.3 percent year-on-year, according to the report released by the Federal Reserve on Thursday (May 2).

Rents of high-end, four-bedroom properties increased by 6.5 percent in the first quarter, to S$17.467, up from S$16.396 in Q4 2019.

The agency’s basket for luxury properties tracks residential apartments in the Core Central Region valued at S$5million and above with strata areas of at minimum 2,000square feet.

Rents on the general market have been falling since the end of the 2023 quarter. According to data from the Urban Redevelopment Authority released last Friday, overall market rentals fell by 1.9 % in Q1. This follows a 2.1 % decline in the preceding quarter.

A greater number of high-net worth foreigners may have relocated to Singapore due to geopolitical conflicts.

There is a limited supply of these units.

Huttons predicted that in the first quarter of 2024 there would be 569 luxury homes available for rent, 3.6% more than in the previous quarter but 2.6% less than last year.

Rents for Seascape, The Orchard Residences & The Residences At W Singapore Sentosa Cove were higher in Q1.

There could be a greater demand for development such as Boulevard 88 15, Holland Hill and Leedon Green.

These are brand-new developments with larger square footage, bigger units.

The mass-rental market is most adversely impacted by economic insecurity and the rapid completion of new homes. The luxury rental segment performs well due to a shortage of large units.

Some foreigners could have purchased homes instead of renting. Foreign buyers are still being pushed towards renting because of the Additional Buyer’s Stamp Duty hike in April 2023.

Rental demand is driven mainly expatriates.

A limited number of large units are available to rent in the market, mainly because three- or four-bedroom homes tend to be bought by their owners.

There will continue to be a limited supply as there are fewer new launches that offer four-bedrooms and larger units.

High price limits the pool of possible buyers, preventing many developers to build larger units.

In its report about the luxury market, it indicated that sales were also improving in the high end market.

The resale value was S$282.9 millions in Q1, which is 4.2 per cent more than the previous quarter. In Q1, transaction volume was estimated to be 46 units, 34.3 per cent less than in Q4.

Watten House sales were responsible for the volume increase in the first quarter. When Watten House is removed, the total Q1 volume at 40 transactions is 17.6 percent higher quarter-on quarter.

Tembusu Grand

Singapore’s safe haven status has been a major factor in attracting buyers.

CCR property prices grew faster than those in other regions during Q1. The CCR’s prices rose by 3.4%, while the rest of the Central Region and Outside Central Region saw gains of only 0.3% and 0.24%, respectively.

Overall, the price of private homes rose 1.4 percent in Q1, which was slower than the increase of 2.8 percent in the prior quarter.

CCR continues to be driven by local demand, especially following the ABSD in April of 2023.

Foreign buyers accounted for 3.5 percent of total non-landed residential home transactions in CCR Q1 2020, down from 5.8 percent in Q3 2012 and 5.6percent in Q4 2012.

Foreign buyers will likely remain very apathetic due to the penalty of 60 per cent ABSD for residential property purchased by foreigners.

During Q4 of 2023, there were only five GCBs sold at the peak luxury market.

Data revealed that the total amount of GCBs bought in Q1 fell by 10.6 percent compared to the previous quarter.

The first quarter of 2018 was relatively quiet due to buyers’ unwillingness to pay a higher premium for a GCB.

Read also: Kent Ridge Hill Residences

The largest GCB sale by volume was in 15 Ford Avenue. A scion of Wee’s Cho Yaw family bought it for S$39.5 millions.

Tenant resistance has kept GCB rentals in check. GCBs whose rents were less than S$30,000 still had a preference from tenants. They are cautious and don’t want to pay a high rent. Tanglin Hill ranked as the best deal in Singapore, where a S$120,000 monthly rent was negotiated.

Leedon Green – where natural splendor meets luxury freehold

Leedon Green, a freehold condominium that will be built in one Singapore’s most exclusive areas, promises to make everyday life sublime.

Three pools, open lawns, pavilions on 3 ha of prime land are all part of the Leedon Green experience.

The tree top walk, jacuzzis and BBQ pavilion are all stunning backdrops to create precious memories.

MCL Land, which is a joint venture between Hongkong Land Group and Singapore-listed Yanlord Land Group, has designed and built this 638-home District 10 condo. The two developers are renowned for delivering luxury real estate in Asia to the most discerning of buyers.

The Good Class Bungalows estate is a prestigious address in Leedon Heights. It’s close to Dempsey Hills and the UNESCO recognized Singapore Botanic Gardens.

The city’s essentials are all within walking distance: the Farrer Road MRT is only eight minutes away, and you are close to schools such as Nanyang Kindergarten (Kindergarten), Nanyang Primary School (Primary School), Hwa Chong Institution (Independent), and

Anglo-Chinese School. Orchard Road, Singapore’s most popular shopping area, is just a short distance away.

Check out our Kent Ridge Hill Residences showflat to find out more.

There are many different types of units to choose from. From one bedroom to four bedrooms, there is a unit that will suit your family. There are also three and four-bedroom apartments with private elevators, perfect for people who want exclusivity and privacy.

The units at Leedon Green have high ceilings, and the glass from ceiling to floor allows for natural light to flood into the home.

Detail-oriented design extends to different areas of the home. Every master bedroom comes with a built-in dehumidifier, and every wardrobe has lighting. Fashionistas can rejoice to learn that the Exclusive three- and four bedrooms have walk-in wardrobes.

European designer brands like Axor Hansgrohe, Axor Italy and Hansgrohe Germany are widely used in the kitchen and bathroom.

In a designer kitchen, unleash your culinary imagination with the latest Italian Ernestomeda sets imported directly from Italy. They are equipped with appliances by Swiss brands VZUG and Liebherr. All whiteware will be provided.

The future-ready technology of smart homes at Leedon Green will provide you with the ultimate in convenience and safety. Digital locksets, home surveillance cameras, and online facility bookings are all designed to keep you, your family, and friends safe. QR code visitor access, smart parcel lockers and online facility bookings make it easier for everyone.

Smart mirrors, found in exclusive three- and four bedroom units, can be converted into digital screens. You can then watch your favourite TV shows and browse through social media using one elegant interface. Leedon Green’s personalised touches, such as concierge services available on demand, will ensure that you are treated to the ultimate hospitality experience.

Own a little piece of paradise in Leedon Green.

Tembusu Grand sells more than half its units on the launch weekend

City Developments Limited and MCL Land announced on Sunday that more than half of Tembusu Grand units were sold in the first two days of the sales launch.

A total of 340 units out of 638, or 53% of the units available, were sold for an average price of $2.465 per square foot.

Located on a site of 210,622 square feet in Katong, offers units ranging from 527 square feet for a 1-bedder with study to 1,711 for a 5-bedder. There are also two penthouses measuring 2,691 square feet.

Mark Yip is the chief executive officer at Huttons Asia. He said that the development has sold more than 50% of its units during the launch weekend, making it the most successful project in the central region. This is the first large-scale project launch since Haig Court, in 2004.

Mr Yip cites the proximity of the Central Business District, Singapore Sports Hub and nearby schools as contributing factors to the popularity of the development.

The condo is located less than a 10 minute walk from the upcoming Tanjong Katong station, and close to a number shopping malls including i12 Katong, Parkway Parade and i12 Katong.

A unit with one bedroom and a study starts at $1.248m, while a unit with five bedrooms costs $4.028m.

See also: Kent Ridge Hill Residences condo

According to CDL Land and MCL Land, 90 percent of the buyers were Singaporeans. The remaining 10 percent consisted of permanent residents, foreigners, and people from other countries, including China, Malaysia, and America.

Sherman Kwek said that the strong response to Tembusu Grand is a reflection of a high demand for homes with a well-designed layout in this highly sought-after location, which boasts hip cafes, trendy stores, and many dining and entertainment options.

The high demand for property investment is evident from the strong sales of the launch in 2023.

The year 2023 will be a great time to purchase property, with the number of unsold units down to 16,152 and the completion rate of new homes below average from 2024. This is good news for the launches scheduled in 2023.

Next up will be the launch of The Continuum by Hoi Hup and Sunway.

Source: https://www.straitstimes.com/q0b7lnyY5/module.php/saml/sp/saml2-acs.php/y9N3dOb1b

The timeless allure of Bukit Timah – Fourth Avenue Residences

Top schools, luxurious homes, lush greenery. Bukit Timah is synonymous with these images. This neighbourhood is one of Singapore’s most exclusive estates and represents fine living in Singapore.

Bukit Timah will be enriched with a new influx of green lung, heritage spots, and improved connectivity thanks to the Urban Redevelopment Authority (URA) 2019 Master Plan.

Allgreen Properties Bukit Timah Collection is a group of three upcoming luxury developments in District 10. It’s well positioned to take advantage of this. Near Sixth Avenue, the Fourth Avenue residences as well as Royalgreen are located. Meanwhile, the Juniper Hill is situated in the Bukit Timah-Tanglin area.

The three properties are all unique and offer a lifestyle that is a balance between nature and city. They also provide a sense of serenity, connectivity and peace.

Fourth Avenue residences is the largest development with 476 units. It will provide unobstructed views of greenery, landed homes and surrounding areas.

Fourth Avenue residences will become a place for you to relax and rejuvenate, whether it’s a morning swim in the 50 metre lap pool, meditation at the floating garden or gatherings with friends and family at the relaxation pavilion. The development offers unparalleled convenience with its direct access to the Sixth Avenue MRT station on the Downtown Line.

The units range from a one-bedroom unit (484 sq ft), priced at around $1 million, to the four-bedroom units with up to 1,496 square feet.

Royalgreen is a 5-storey, freehold development located along Bukit Timah Road, just a 5-minute walk away from Fourth Avenue Residences. This development offers two to four bedroom homes (635 sq ft up to 1,475 square ft) and is a unique opportunity to own an entirely new freehold home in the heart of Bukit Timah. The Sixth Avenue MRT is only a five-minute walk away.

With 285 residences, Royalgreen offers a balance between privacy and ample amenities. The large green lawn and the poolside dining pavilion are just a few of the many amenities available.

Fourth Avenue residences, and Royalgreen, are located in the heart of Singapore’s education belt. Nanyang Girls’ High School and Hwa Chong Institution as well as National Junior College and Methodist Girls’ School Primary and Secondary School and Raffles Girls’ primary school can be found within 1 to 2 kilometers.

Read more: Kent Ridge Hill Residences

Imagine in the near future a skypark that leads you to the popular national gardens – Jurong Lake Gardens and Gardens by the Bay, as well as the UNESCO World Heritage Site Singapore Botanic Gardens – by foot or by bicycle.

Residents of Fourth Avenue residences or Royalgreen will enjoy the green spaces and communal areas every day. The skypark is part of an 11 km Bukit Timah-Rochor green corridor, which will eventually link three national gardens in Singapore and Kallang Riverside Park.

The Bukit-Timah-Rochor Green Corridor is also connected to the Rail Corridor. This 24km continuous green stretch will connect Woodlands to Tanjong Pagar to the south. It was once a railway line connecting Singapore to the Malay Peninsula. Now, it is a green spine that will captivate visitors with its historic railway structures and wildlife, including striped titbabblers and laced woodpeckers. Bukit Timah Station, an important highlight in the Rail Corridor will be transformed into both a community and heritage space.

You’ll always be reminded about the benefits of Bukit Timah every time you leave your home.

Bukit Timah collection properties will soon be more convenient. The Integrated Transport Hub, which will be built next to Beauty World MRT Station, will bring vibrancy to the Bukittimah area. It will also improve the commuter experience for the residents. A future interchange with the Phase 2 of Cross Island Line could greatly reduce travel time and improve connectivity.

The Downtown Line connects Fourth Avenue Resident and Royalgreen to Marina Bay via the Downtown Line, due to their proximity to Sixth Avenue MRT and Stevens MRT.

Source: https://www.businesstimes.com.sg/property/property-2020-july-issue/enduring-allure-bukit-timah

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