Review of Tengah EC at Tengah Garden Walk

If you are looking for an Executive Condominium in the heart of the city, you may want to check out Tengah EC. This new project has 620 units and sits right near the main expressway. With the help of this article, you can learn more about this new development. Here, you’ll learn why Tengah is a good location for those looking for a new home.

Tengah EC has 620 units

The EC at the site of the Tengah Garden Walk has a gross floor area of 61,659 sqm, with a total number of 620 residential units. These range from cozy one-bedroom units to luxury five-bedroom units. The project’s developer, a joint venture of City Developments Limited and MCL Land, won the tender for the development, offering a minimum selling price of SGD 400.3 million, which works out to $603 per square foot per plot ratio. The project is set to receive a BCA Green Mark Gold PLUS rating, as per Singapore’s Green Building Council.

The EC at the site is rich in greeneries and technologies, making it a smart town in its own right. Those looking to settle in Tengah are sure to be satisfied with the new living and working spaces. With only two ECs currently underway in the area, it is poised to be one of the most exciting residential developments in the country. It is slated for completion in September 2022 and is home to 620 units.

It is a new Executive Condominium

The luxury Executive Condominium, Tengah EC at the heart of Tengah Town is located in district 24. This township is designed with smart modern and eco-friendly features. Its twelve 14-storey blocks have 628 units. The development is also near major business districts such as Jurong East and Bukit Baok. It is fully furnished and comes with amenities such as a mini concert hall. The facilities offered are also family-oriented.

The development is a rare find in the west, which is an excellent location for an EC. This new development is close to future MRT stations on the Jurong Region Line. It also boasts an impressive transportation network. Within ten minutes of the EC, the Tengah Town Centre is nearby. Moreover, the Central Business District and Orchard Road are only a 30-minute drive away.

It is near major expressways

The proposed estate will be spread over 700 hectares and will feature a car-free town centre where residents can enjoy nature. The estate is expected to be completed by early 2022, and the first batch of HDB flats is expected to be launched in 2018. If the current construction schedule is to be followed, the estate could eventually include 42,000 new homes. The Tengah EC is located near the nearby Tengah MRT station, and is also situated right next to the Pan-I expressway and Kranji Expressway.

The development is situated near Bukit Timah Nature Reserve and other greeneries, making it ideal for those who are interested in sustainable living. The development aims to incorporate elements of nature and the surrounding environment, and has a variety of plant species, pollinating insects, and other ecosystems that are good for the environment. Residents of Tengah EC are encouraged to participate in these environmental initiatives.

It is a good location

If you are looking to invest in an EC, you might want to check out Tengah EC at the newly developed estate in Tengah. This new estate will be able to accommodate as many as 615 units on average, with an estimated land area of 2.2 ha. The plot ratio is 2.8, giving the developer a competitive advantage.

The new town is destined to be a car-free town centre in the near future. It has 4 MRT stations and underground roads. The new development is also strategically located next to the Pan-Island Expressway and Kranji Expressway. Tengah EC is expected to be completed by 2022 and will be available for viewing after completion. To ensure its availability, buyers will have to register ahead of time.

Considering the future location, Tengah EC is situated in the town centre. It is near several amenities such as medical facilities, shopping centres, and sports complexes. It is also strategically located near the Jurong Innovation District, which is a thriving advanced manufacturing hub. Additionally, Tengah Garden Walk EC is next to the Jurong Lake District, which is Singapore’s second largest central business district outside of the city centre.

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600 Households in Ang Mo Kio to Move to New Flats Under Selective En Bloc Redevelopment Scheme

HDB has announced that 600 en bloc households in Ang Mo Kio will be moving to new flats by 2017. This includes UE BizHub Central and Anderson Secondary School. In addition, HDB is compensating the flat owners for the market value of their flats, stamp and legal fees for buying an equivalent flat, and S$10,000 for removal allowance. Furthermore, HDB is also offering housing loans for the replacement flats.

Ang Mo Kio Avenue 3

The HDB has decided to renew four residential blocks in Ang Mo Kio, which will result in 600 new flats being built. The four blocks have a total of 606 flats, mostly three and four-room units, with a few five-room units and two executive flats. These flats were previously adjoining three-room units.

As part of the process, HDB will engage the residents in shaping the new living environment. In the replacement flats, residents will have the chance to participate in deciding the precinct’s name and use of specific spaces. Additionally, the HDB will facilitate the sale of remaining flats to residents with SERS rehousing benefits. Moreover, residents can request to have their flats sold or transferred to other owners, in case they don’t wish to relocate.

The replacement flats will be built alongside the existing Ang Mo Kio Drive estate. The work is expected to start in the third quarter of 2023 and be completed by Q3 2027. The replacement flats will have better designs, modern facilities and fresh 99-year leases. Furthermore, eligible flat owners will receive a SERS grant of up to S$30,000 for purchasing their new flats. Alternatively, owners can apply for a housing loan from HDB to purchase their replacement flats.

HDB will assign a SERS manager to each household. This process is expected to take five years. During the time of the relocation, HDB will survey the residents for the precinct names, fostering a sense of community and belonging among residents. In 1995, former Prime Minister Goh Chok Tong first introduced SERS to breathe new life into old HDB estates.

UE BizHub Central

HDB has selected four HDB blocks in Ang Mo Kio to redevelop. These blocks comprise of 606 units. Those affected will be given compensation based on current market value or the option of buying a replacement flat. This is HDB’s first redevelopment scheme in nearly four years. The affected units are one-, two-, and three-room flats.

The first SERS in almost four years will see the HDB redevelop four HDB blocks in Ang Mo Kio. The blocks comprise 606 units, mostly three or four-room sold flats. Some of the remaining units are also available for sale. These blocks are eligible for the Selective En Bloc Redevelopment Scheme (SERS).

Residents are expected to be consulted in the planning of the new flats. The name of the precinct will be decided collectively by residents, as will the use of certain spaces. If residents do not want to move, they can apply for another flat elsewhere with SERS rehousing benefits. Residents can also opt to sell their existing flats and transfer the SERS rehousing benefits to a new home.

HDB will offer replacement flats in Ang Mo Kio Drive. Residents can expect a S$10,000 removal allowance and legal fees for the purchase of a comparable replacement flat. The replacement flats are scheduled to be completed in the third quarter of 2027. As with the current SERS, the new flats will also come with a 99-year lease. This means that HDB tenants will get almost double the lease when they move out at the end of 2027.

ITE College Central

Four HDB blocks in Ang Mo Kio will be redeveloped under the Selective En bloc Redevelopment Scheme (SERS). The scheme will result in the redevelopment of 606 units, mostly three-room flats. As part of the Government’s efforts to renew older estates, the affected residents will be offered replacement flats, with a market value equivalent to that of their old flats.

The SERS project has been a popular one among Singaporeans. It involves the redevelopment of older housing estates, and offers the residents new flats close by. These flats are usually more affordable and have better amenities. HDB said the new flats will be better suited for the residents and that they will be compensated for their old flats.

The new estate will be approximately one kilometre away from the old estate, and will provide access to ITE College Central and Anderson Secondary School. Additionally, residents of the new estate will have access to the Ang Mo Kio and Yio Chu Kang MRT stations. The new estate will also provide access to a wide range of amenities, including a Cooked Food Centre and Cheng San Market.

The relocation process will bring more than 600 residents to the new flats. In exchange, HDB will pay S$10,000 to each household to relocate and purchase a comparable replacement flat. This project will result in the construction of 1,065 replacement flats in Ang Mo Kio Drive. They will consist of two and four-room units. Construction is expected to begin in the third quarter of 2023 and be completed by the third quarter of 2027. The new flats will come with modern facilities and better design.

Anderson Secondary School

The Housing and Development Board (HDB) has selected four HDB blocks in Ang Mo Kio to be redeveloped under a selective en bloc redevelopment scheme (SERS). The project involves the redevelopment of 606 units across Blocks 562 to 565 on AMK Avenue 3. The affected owners will be compensated at current market value and offered a replacement flat. The HDB has announced the redevelopment of the blocks on Thursday (7 Apr). Over 600 households are affected, including those living in three-room flats.

The redevelopment of these blocks in Ang Mo Kio is necessary due to the construction of a station and a rail line. These two projects could impact the structural soundness of the existing buildings. Besides, the new estate is located a mere one-km away from the old one. It is also within walking distance of ITE College Central and Anderson Secondary School. It will also have access to the MRT stations at Ang Mo Kio and Yio Chu Kang. The new estate will also be close to Cheng San Market and Cooked Food Centre.

The SERS compensation scheme allows displaced residents to purchase a new flat. The money can be used to renovate the new flat. Upon return, the new flat owners will receive a $1,000 retention sum to cover related expenses. In addition to compensation, the SERS scheme also offers housing loans to compensate for their new flats. In addition, up to six households can request for a joint selection.

Cheng San Market

The Housing and Development Board (HDB) is preparing to redevelop four blocks at Ang Mo Kio Avenue 3 in the next few years. These are blocks 562 to 565, which were completed in 1979. These blocks are 43 years old, so they will be upgraded to higher standards under the Selective En Bloc Redevelopment Scheme.

Under the Selective En Bloc Redevelopment Scheme (SERS), the HDB is planning to develop new flats for 600 households in Ang Mo Kio. These blocks include the popular Little India and Chinatown estates. The plan is to build better homes while maintaining community ties. It will take several years for HDB to complete the project.

After redevelopment, residents will have to move to new flats that have been designed to suit their needs. HDB will pay for the legal and stamp duty for the replacement flat. The replacement flats will range from a two-room flexi flat to a four-room apartment. The plot of land that the replacement blocks are built on will also be available for Build-To-Order projects.

The HDB will compensate affected flat owners with a new replacement flat along Ang Mo Kio Drive. In addition to compensation based on market value, HDB will pay stamp and legal fees for the new flat. HDB said that the replacement flats will consist of 1,065 units and construction will begin in the third quarter of 2023. The project is expected to be completed by Q3 2027.

Cooked Food Centre

HDB has announced plans to redevelop four HDB blocks in Ang Mo Kio, including the Blocks 562 to 565. The plans include the conversion of 606 units from three to four rooms to a total of six hundred and sixty six. As HDB noted in a press release, affected homeowners will be eligible for compensation based on the current market value of their units, and will have the option to purchase a new replacement flat.

The new HDB replacement flats will have better design, be located in more modern precincts, and come with a fresh 99-year lease. HDB will cover the legal fees associated with the replacement flats. In addition to the new flats, eligible owners will also receive S$30,000 in grants. Some HDB flat owners have waited three years and two unsuccessful attempts to obtain a larger Build-to-Order flat, and are unsure whether or not to move.

A total of 600 HDB flats in Ang Mo Kio are being developed under the Selective En Bloc Redevelopment Scheme (SERS). In addition to the redevelopment of the old housing estates, HDB will also offer new replacement flats in MacPherson Lane. Besides, HDB will pay the stamp and legal fees associated with purchasing a comparable replacement flat.


How Massive Inflation Around The World Will Affect Singapore Property Price

Massive Inflation Around The World Will Affect Singapore Property Price

The vacancy rate for island-wide completed private residential properties was up to 7.2% in Q4 2020 from 6.2% in the previous quarter and 5.5% in the prior year. The rental market in Singapore was adversely affected by the pandemic, with many companies postponing relocation plans due to the disease. As a result, leasing transactions will experience a significant decline in short time.

Rising energy costs

The price of electricity in Singapore is expected to rise further in the fourth quarter of 2019. The rise is partly due to the Russian military invasion of Ukraine, which has triggered a steep spike in oil prices. Singapore relies on imported natural gas to meet its energy needs, which are closely linked to oil prices. The increase in global gas prices will have an impact on Singapore, too, as these costs are largely passed on to consumers via fixed price plans.

The new rules and regulations are likely to have a pronounced impact on the price of Singapore properties. Many foreign investors have already pulled out of the market because of travel restrictions. Moreover, the government’s ‘Credit Card’ is unlikely to be approved to purchase a home, and the new rules may further deter foreign buyers. In addition, developers have a glut of unsold homes in Singapore, and are likely to have to slash prices to clear these homes.

If the carbon tax increases, the cost of energy will rise as well. The increase would affect non-owner-occupied residential properties, which are often used as investments. Owner-occupied residential properties, on the other hand, will be subject to higher property taxes. This would result in higher operating costs for properties with higher energy requirements. It could also mean higher future property service charges for tenants. While the rise in energy prices is bad news for investors, it is also good news for those who own property.

If the prices of fuels continue to rise, Singapore’s electricity prices will follow suit. The wholesale price of electricity in Singapore is significantly below its cost of production. Combined with rising demand from electric vehicles, data centres, and 5G networks, the price of electricity in Singapore will continue to rise. The Goods and Services Tax Voucher (GST) rebates will help to offset the effects of the rising fuel costs.

Low interest rates

With the recovery of global economies, Singapore’s economy has picked up. Its GDP increased by 22% and 14.9% in Q2 and Q3 2009, respectively. Although the economy is projected to contract by 3% in 2009, it is expected to grow by 4% in 2010 and then begin a new expansion cycle. In spite of the improved economy, Singapore has been affected by the global recession. According to the latest statistics, the price of residential units in Singapore decreased by 0.47% y-o-y during the first half of 2009 and Q3 2009. Compared to the rest of Asia, Singapore’s prices are still relatively high.

Inflation rates continue to remain low in Singapore, but they have increased in countries like Thailand and Indonesia. Although inflation rates have increased in these countries, they are far below the rates in Singapore. Inflation in Singapore is currently 3.8%YoY, which is higher than the trend of the previous years. Consequently, monetary policy will have to be tightened to reduce inflation and boost economic growth. The Singapore Interbank Offered Rate remains steady at 0.43%.

Inflation will impact the retail sector. Inflation in the retail sector is expected to push up prices in these sectors, including apparel and hospitality, as pent-up demand is seen around the world. Higher prices will boost occupiers’ balance sheets. Meanwhile, the growth of residential prices will continue to remain resilient. However, volume growth is expected to slow down, due to favorable regulatory policies. Meanwhile, grocery retailers should benefit from rising prices, as the market is driven by high domestic demand and wage growth. However, e-commerce will likely challenge the luxury and discretionary segments.

Among developed economies, the US and Europe are currently experiencing a period of unprecedented high inflation. The rise in prices has resulted in supply bottlenecks and higher prices for raw materials and energy. The Fed and the European Central Bank have responded differently to this situation, and more than a dozen of them have increased interest rates. Meanwhile, China, India, and Japan have not yet experienced national lockdowns due to a pandemic or a large switch from goods to services.

Limited supply

The government’s cooling measures are aimed at curbing excess demand in Singapore real estate. Foreign homebuyers may be willing to pay up to 30% more than the ABSD for a Singapore property. The rental market has remained hot over the past two years, but government cooling measures are also discouraging investors. Many foreign homebuyers are also deterred by the cooling measures. In fact, one real estate agent says that she has received only one enquiry since the cooling measures were announced in mid-December.

While this might not be the most obvious explanation, the underlying trend is clear. During one recent property launch, the demand for units was so high that there were six rounds of price increases. Units sold for S$1,400 per square foot were at the top of the market. The median price of units sold was S$1,042 per square foot. Chantel Neo, a property agent with Huttons, said that the demand for Pasir Ris 8 was particularly high because it was a prestigious and private condominium.

The government’s cooling measures will not do much to control the sky-high property prices in Singapore. However, they may have a modest impact on home prices in the first half of 2022, when Singapore’s home prices will likely increase 2% to 4%. The government’s measures are designed to limit the excess demand in Singapore, not to limit the supply. As a result, the government’s efforts to slow the market will probably fail.

Strong demand

Recent floods in Malaysia have increased the cost of imported goods. A rise in the GST is expected to drive up prices even further. However, it will be a relatively short-lived effect. Prime Minister Lee Hsien Loong has called for the Government to act now to stabilize the property market. The increase in GST will likely affect the value of homes in Singapore by only a few percent.

Rising inflation is expected to boost retail markets globally. This is because pent-up demand in certain consumer sectors – apparel and hospitality – is outstripping supply. Higher prices are expected to boost the balance sheets of occupiers. Real estate may also act as a hedge against inflation, as it is one of the less volatile asset classes. It is important to keep in mind that the housing sector is a key defensive asset class, linked to income granularity and essential nature.

The US Federal Reserve plans to tighten monetary policy to combat the rising costs of living. However, the increased costs of living will reduce the purchasing power of consumers and erode corporate margins. It is also likely to worsen the current economic instability. While tight monetary policy may help in the short term, the rise in inflation may result in higher prices in the future. A resulting spike in prices may aggravate the housing market, which is already in its second half.

While Singapore’s economy has been relatively stable over the past five years, the economy is expected to contract again by 2020. Although Singapore’s economic freedom is high, it is not consistent with high living standards. Its residents tend to believe that saving money will be easier when they are older and earn more. However, if you start investing earlier, you will have more time to weather market fluctuations and develop good financial habits, which are both crucial for meeting your goals.

Impending GST increase

The government of Singapore has a pressing need to raise revenue, and has decided to stagger the GST rate increase. As a result, the increase will not be implemented until 2022, and will be spread out over two years. This is a far cry from the staggered hike that was implemented 15 years ago. Moreover, it will inconvenience businesses, which will have to revise their ERP systems and price displays.

The GST implementation period has changed from January to December, but the aim of the tax has always been to strengthen the financial capability of Singapore. The increase in healthcare spending has been increasing in recent years, and the country has been facing operating deficits in five of the past seven years. Meanwhile, the recent COVID-19 health scare has underlined the need for continued healthcare investment and to replenish the depleted reserves.

Currently, Singapore has a broad-based GST system. Hence, there are no reduced rates for essential goods. This makes the tax administration much simpler. However, the hike in GST will have a negative impact on certain sectors in Singapore. Tourism and entertainment sectors are among the most affected. Fortunately, the government has provided support for these industries during Covid-19. Businesses should diversify their imports and build buffer stocks of goods essential to their operations.

A two-percent increase in the goods and services tax rate will impact the price of property in Singapore. As a result, many Singaporeans will have to cut back on “good-to-haves” to cope with the increased cost of living. This will impact businesses and delivery riders. As a result, many lower and middle-income households will get payouts ranging from S$700 to S$1,600.

Propnex Post Record Profit in Latest Statement

PropNex has reported record revenue and profit for the third quarter of fiscal year 2021. The company’s net profit increased 113.2 per cent versus $6.8 million in the corresponding period a year ago. Earnings per share reached 3.89 cents. The company’s revenue jumped to $234.4 million from $117.9 million in the prior-year period. Its sales were boosted by higher commission income from agency services and project marketing services.

As for the company’s financials, the company remains debt free, with cash of S$123.7 million at the end of the first nine months of FY2021 and S$94.7 million at the end of the same period. Despite the strong performance, the company faces challenges ahead. The recent acquisition of Global Alliance Property by PropNex is expected to further erode its sales volume. It will also eliminate more than 100 jobs, as the company continues to grow and hire agents.

A healthy balance sheet is one of the main reasons for PropNex’s record revenue and profit. The company’s financial position is in good shape with cash on hand of S$123.7 million at the end of the first nine months of the financial year. The company is also debt-free, with sufficient working capital to meet the needs of its clients. However, the financials are important as the business is prone to rapid growth.

The company is targeting to return 75% to 80% of FY2020 profits to shareholders. It is aiming to pay dividends of up to S$2.00 per share. Its management also intends to continue conducting consumer seminars to boost its business. The two executive directors of the company, Mohamed Ismail S/O Abdul Gafoore and Kelvin Fong Keng Seong, are tasked with the task of educating consumers.

The company’s record revenue and profit numbers were also helped by its recent acquisitions. Global Alliance Property is the eighth largest agency in Singapore. The company’s acquisition of this agency will result in more sales and profits for the company. With this announcement, the real estate industry will continue to grow, despite the economic climate. And with these acquisitions, the industry is getting even more competitive. For the next few years, we will continue to watch the market closely to see how PropNex does.

The company is aiming to return 75% to 80% of FY2021 profits to its shareholders. The company’s cash balance is adequate to meet these goals. The CEO also stated that the company’s management expects sales activities to continue in 2H2019. Furthermore, the company’s executives will conduct consumer seminars as part of its promotional program. The CEO’s remarks were accompanied by a positive note on the market sentiment.

The company’s revenue growth and profits are largely driven by its acquisition of Global Alliance Property. The acquisition has helped the company gain more traction in the market. The real estate industry is a booming market, and this is why propNex is the preferred suitor of smaller agencies. By acquiring a target’s real estate agencies, the company is able to offer better opportunities to its sales people.

The company’s sales and marketing efforts are expected to continue in 2H2019. It plans to conduct consumer seminars through its executive directors, Mohamed Ismail S/O Abdul Gafoore and Kelvin Fong Keng Seong. In addition to its marketing activities, the company expects to hold consumer seminars in February. The consolidated financial results are an impressive result. The market leaders in the sector have achieved success by incorporating new technology.

The company’s sales and marketing activities are expected to continue for the rest of the financial year. The group plans to conduct consumer seminars to spread its brand and promote its services. The company has three executive directors: Mohamed Ismail S/O Abdul Gafoore, and Kelvin Fong Keng Seong. The latters are responsible for overseeing the company’s sales and marketing activities. They have a wealth of experience in the industry and have a solid track record.

The company is focused on providing real estate services to consumers in Singapore. It operates through five segments: Commercial Property and Residential Property. The former provides commercial and residential leasing, sale and leasing of landed properties, and other ancillary services. While it is not a perfect match, it has shown that it can be profitable in Singapore. The firm is also growing at a fast pace, and the latest earnings from this sector will serve as a catalyst for investors’ investments in the real estate industry.


Staying Near to Greeneries in Singapore

When you stay in a hotel in Singapore, you should consider staying in an area that is near greeneries. Whether you are visiting a green city or are visiting the city to enjoy its culture, a stay near a park or garden is ideal. There are plenty of places to visit nearby, from museums to hawker centres. If you’re on a tight budget, renting a car is easy, but walking in a city is an excellent idea. If you have a car, it’s also easy to hail a cab or bus in the vicinity. If you don’t want to drive, walking is always a good option. And when you’re in the heart of the city, taking a stroll along the riverfront is a special experience.

The green revolution started in the 1960s, when Singapore’s first prime minister planted an indigenous tree. As the city state underwent intensive urbanisation, its population increased rapidly, and it began to resemble an industrial town. Despite the fast-growing population, Singaporeans were quick to respond to the urbanization trend by investing in green space. Since then, green space has increased by half, covering a full third of the city’s land.

Even today, Singapore has an excellent public rental system and a growing number of green spaces. Its public rental program helps vulnerable families afford a home and HDB is committed to improving the quality of life in its communities. By 2030, the government hopes to have eighty percent of its buildings achieve the Green Mark, which measures carbon emissions and energy use. The government is also working to build Smart Work Centres where residents can work remotely. This is a great way to minimize the travel time, improve productivity, and increase work-life balance.

If you’re a nature lover, a stay near a park is a great choice. The city has ample greenery, and you can easily walk between them on foot or in a car. The best part is that they’re free and easy to access. And they’re an essential part of the Singaporean lifestyle. It’s hard to imagine living without nature. This is what makes staying near a park so attractive.

While many people don’t like to think about the concept of nature, it’s important to make time to visit greeneries. The gardens are a beautiful and peaceful place to relax. You can spend a day hiking, or you can simply enjoy the view. With so many parks, you’ll never get bored. It’s the perfect way to spend a weekend in Singapore! There are also many attractions and opportunities for those who love nature.

The city’s greenery is important to the citizens. The National Parks Board (NParks) has a responsibility to protect the environment. Its job is to protect the land and maintain it. A city with greenery has an enhanced quality of life. Moreover, the people of the country are more likely to feel safe, and will have a better sense of security. So, staying near to greeneries will be a good option for your family.

In addition to being able to visit these beautiful parks, you can also participate in the various community projects. The National Parks Board has launched a number of neighbourhood initiatives that encourage collective gardening and plant care. In the city, more than 2,000 community gardens are already flourishing. More than 20,000 residents are involved in these collaborative projects. You should also consider the upcoming events. In the meantime, you can stay near greeneries in Singapore to make the most of your vacation.

In order to get the most out of your stay in Singapore, it’s important to consider the city’s greenery. While most cities have some level of green space, others may not. While it’s important to find the right location for your needs, a good idea is to stay close to a park or a garden. Choosing a city where you can enjoy both of these elements is the best way to get the most out of your vacation.

Mortgage Rates to Remain Low in Singapore After Pandemic

A number of factors could be responsible for keeping mortgage rates low in Singapore. One major factor is the global economy, which is recovering rapidly after the COVID-19-induced recession. The global economy is expected to see faster growth and a quicker rate hike in 2022, which could have affected homeowners. Meanwhile, banks are also hurt by falling profits and are reducing their dividend payouts. Despite this, the Bank of England is stepping up its monitoring of financial sector earnings.

The global economy is facing tougher times than before. With unemployment at record levels, banks are struggling to respond to the massive increase in missed payments. A recent report by the Monetary Authority of Singapore (MAS) found that Singapore households are already carrying a heavy debt load. In addition, the property market is still booming, and the number of new private homes sold in the first ten months of 2019 has surpassed full-year sales in both 2018 and last year.

While the U.S. Federal Reserve has decided to maintain its interest rate near zero until 2020, this will likely impact small countries such as Singapore. However, the bank’s decision does not affect Singapore homeowners, who are likely to be refinancing their homes. As long as the COVID-19 situation remains in place, it will likely remain low. If that is the case, homeowners can expect historically low mortgage rates to be offered for the foreseeable future.

Despite the fact that a global lockdown has led to higher unemployment rates, the local property market is still brisk and the Bank of Singapore’s annual Financial Stability Review states that interest rates in Singapore will remain near zero for the rest of the year. This is great news for Singaporeans, who are already having trouble repaying their home loans. Moreover, it is a good sign for homeowners in Singapore. As long as the COVID-19 situation is stable, mortgage interest rates in Singapore may remain low until 2021.

Besides the benefits of low mortgage rates, a low mortgage rate also helps homeowners manage their money in a better way. The lower mortgage rate means lower monthly payments and higher returns. Those who can afford the repayment amount will benefit most from it. In addition to the benefits of lower monthly payments, a lower interest rate means greater affordability. In fact, these advantages make refinancing a good option for many people in Singapore.

A low interest rate is good for homeowners in Singapore. Refinancing is crucial as a low interest rate helps homeowners to service their home loan more easily. The banks in Singapore will continue to offer these low mortgage rates in Singapore after the COVID-19 pandemic. It is also good news for the economy. With the economy in turmoil, financial institutions are scrambling to deal with the situation.

While the rate of interest in Singapore is low, it is highly dependent on US interest rates. Currently, the US Federal Reserve plans to hike its interest rates twice in 2022 and thrice in 2023, making it difficult for homeowners to secure a low interest home loan. Eventually, the U.S. economy will recover and Singapore’s mortgage rates will be high. This is good news for the borrowers in Singapore.

The US Federal Reserve’s recent announcement of interest rates near zero until the end of 2022 will have a positive effect on the economy and the housing market in Singapore. This is a good thing for homeowners in the country. The US Federal Reserve’s recent action is a major factor in keeping mortgage rates low in Singapore. Similarly, the current situation of COVID-19 will have a negative impact on the market. This is a good sign for the global economy.

As the economy continues to improve, interest rates will rise in Singapore. The U.S. Federal Reserve recently announced plans to keep its interest rates near zero until 2022. This move will have a profound impact on smaller nations, such as Singapore. Furthermore, as a trade-centric country, Singapore’s low interest rates are a good thing for homeowners. This will allow them to repay their home loans and benefit from the lower monthly mortgages and higher loan amounts.

Review of Greater Southern Waterfront HDB in Singapore

A review of the latest housing development in the southern part of Singapore, the Greater South Waterfront, is a good place to start. It will encompass more than just BTO flats. You will also find more of an urban environment, as the site will also be surrounded by the West Coast Park and Gardens by the Bay. In addition to residential areas, the new development will extend southwards to Sentosa Island.

The location of the Greater Southern Waterfront area is very central, but it is not easily accessible by public transportation. The MRT is only in the western area, while the eastern side is served by the Circle Line. However, the MRT stops in the middle area are still not in the vicinity of the development. This means that you will have to take a taxi to get anywhere you need to go. In addition, the area is not very close to major shopping malls and entertainment centres.

Prime Minister Lee Hsien Loong said that the waterfront development plan for the city will be a “mega-project.” It is expected to cost more than HDB flats. This is because of the waterfront location. The prime locations will attract those who can afford such high-priced HDB homes. This means that getting an HDB flat in a location where the waterfront is at the top of the range will be like hitting the lottery.

Compared to the rest of the city, the area around the Greater Southern Waterfront will be more green than other parts of the city. The southern part will contain Mount Faber Park, Kent Ridge Park, and the Labrabor Natural Reserve. The northern part of the site will be home to HortPark, Gardens by the Bay, and the Labrabor Natural Reserve. This will mean more green spaces for residents in the area, and many trails for outdoor activities.

While the location of the Greater Southern Waterfront is centrally located in Singapore, it is not very well-connected by MRT. Labrador Park and Harbourfront are the nearest MRT stations, but the southern part of the area is not as accessible as the other two. It is best to plan your trip in advance, as the city’s redevelopment plans will affect the lives of residents. It is important to be prepared for such a situation and make necessary changes.

The development of the Greater Southern Waterfront is a good example of the new urban design. Unlike older neighbourhoods, the Greater Southern Waterfront has a central location, making it ideal for business. Its proximity to the town centre and business districts also makes it an ideal location for residential and commercial properties. Aside from the great location, the new developments are also very accessible. This is a great place to live in the heart of Singapore.

As mentioned, the Greater Southern Waterfront area is centrally located, but it isn’t easily accessible by MRT. MRT services are provided from the southern part of the area. On the other hand, the eastern part of the area is only accessible via MRT. So, it may be difficult to use MRT in this location, as it isn’t very easy to access. This is an excellent opportunity for HDB-owned public housing in Singapore.

The location of the Greater Southern Waterfront is central, but it is not very accessible by MRT. The area is accessible only through the Circle Line, while the eastern side is better served by the Harbourfront and the Telok Blangah MRT stations. There is no MRT station within the vicinity, so it is impossible to reach this area by public transport. If you’re looking for a more convenient location, you should consider a higher-priced condo.

The location of the Greater Southern Waterfront area is central, but it isn’t very accessible by MRT. The Circle Line serves the western half, while the Harbourfront and Telok Blangah MRT services the eastern half. The eastern side of the development is more remote and not as accessible as the other side. It will provide more office space for redevelopment, so it’s not hard to see the future.

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Ulu Pandan Development Plans To Be Reconsidered Again by HDB

The advancement plans for Ulu Pandan have actually been revised following responses from the public and nature groups in addition to searchings for of ecological research studies.

Ulu Pandan Residential Estate is located in northern Singapore, just a short walk from Sentosa. It has many different villa offerings and condominiums that range in size from studio to penthouse. This Singapore luxury realty property offers a wide range of features for residents to enjoy including spacious pools and fitness centers, separate family areas, air conditioning and fully equipped kitchens. You will also find a state of the art swimming pool and spa facility. All of these are available at your fingertips so you can live in paradise with ease.

Located within the fully grown estate of Queenstown, Ulu Pandan has actually been set aside for household advancement because 2003.

What makes Ulu Pandan Residential Estate such a beautiful place to live? The answer lies in the many wonderful features this estate offers to residents. The property is modern and truly lavish. The architecture is exquisite with views of the ocean and scenic landscape throughout the property. There are two secluded back-yards to be enjoyed.

The villas are all fully furnished and provide magnificent views of the ocean. Each home is equipped with lush green gardens and other landscaping options. Your neighbors are friendly and welcoming. You are just steps away from the beach and shopping.

One of the most striking features of this Ulu Pandan Singapore property is that there are two completely detached living spaces that are great for families. There is a spacious foyer that opens up into a fully furnished home. Each home is beautifully furnished and has a relaxing atmosphere. Each space boasts its own bedroom, bathroom and home office.

The villas have an additional master bedroom. There is also a spacious family recreation area. Each home has its very own swimming pool. If you want to enjoy sunbathing and other types of outdoor activities, you are just minutes away from an awesome public pool. You will also find a state of the art fitness center.

Ulu Pandan Residences is conveniently located in the heart of Singapore. The area is highly urbanized and it has a very low crime rate. It is a very convenient location and is close to major shopping areas as well as nightlife. Shopping at nearby establishments will allow you to spend time with your family while enjoying the beautiful scenery. You can find many restaurants and cafes in the vicinity of your home. You can even catch a film at one of the many cinemas in the area.

The Housing and also Development Board (HDB) on Friday (30 July) revealed that the eastern fifty percent of Ulu Pandan will be created for public housing, “to fulfill the strong housing need in mature estates, including from young households who intend to live near their moms and dads in the location for better common treatment and also support”.

Actually, the very first of such jobs are set to be launched in the second half of 2022.

The price range is fantastic and you can choose a unit that fits your budget. You can find luxurious properties with breathtaking views of the ocean. You can choose a unit that offers easy accessibility to fantastic public transportation like the MRT. Or, if you prefer, you can choose an exclusive unit with its own plunge pool and tennis court. Your only downfall may be not being able to afford a bigger home, but at least you will never feel cramped in your beautiful room.

There are numerous perks when it comes to choosing Ulu Pandan Residences as your next investment property. This is a chance to live in a private tropical paradise. You will never feel crowded or run down while exploring your new property. You will have everything you need within a few blocks. You can choose between single family units or sprawling estates.

HDB kept in mind that the brand-new housing project “will certainly be sensitively designed to weave in plant and incorporate heaven elements in the location such as the Ulu Pandan Canal as well as a natural stream”.

This wonderful piece of property has a great location because of its amazing views. Imagine yourself relaxing on a splendid terrace overlooking the ocean as a backdrop for some of your favorite activities. Perhaps you want to spend a lovely day by the pool enjoying the beauty of sunset. You can do both anytime you want to. The only thing you will have to decide is what you want to do while you are in the room you can enjoy the most beautiful view in town.

HDB included that it is additionally “recommending to set aside approximately five hectares of greenery on the eastern side of the website and also along the canal for park as well as leisure usage”.

” This might make up a straight park along the Ulu Pandan Canal and also a park with natural stream on the eastern side of the website. This would be a five-fold rise from the 0.9 hectares of greenery gazetted in URA’s Master Plan 2019,” it said.

An environment-friendly corridor of as much as 40 metres large at some stretches, is also suggested along Ulu Pandan Canal, “to serve as an eco-friendly passage to promote wildlife movement”.

HDB additionally plans to retain “an existing all-natural stream with a 20-metre large riparian buffer on both sides of the stream”.

When you choose Ulu Pandan Residences, you get a chance to live in a lovely place where you can enjoy all the good things nature has to offer. You will feel the peacefulness of the area. There is no one to intrude on your privacy. You can relax and enjoy your privacy whenever you want. If you want to go out and enjoy the wonderful sightseeing opportunities, you can easily do so and also take part in the amazing ocean life.

On the other hand, plans for the growth of the western half will certainly be “avoided in the tool term and examined once again in concerning 10 years’ time”, while a considerable nature park will certainly be guarded.

The park will serve as environment as well as ecological adapter in between the Southern Ridges as well as Clementi Forest. It will certainly additionally enhance the connectivity along the Rail Corridor within the vicinity of Ulu Pandan.

” Agencies are studying the optimal dimension and also boundary of the nature park, as well as will subsequently collaborate with the area to execute woodland restoration and also habitat enhancement functions, to reinforce the area’s eco-friendly resilience,” stated HDB.

HDB shared that prior to growth prepare for Ulu Pandan were introduced in December 2020, an environmental standard research study was carried out to much better recognize the existing plants and also fauna.

The research revealed that Ulu Pandan’s western part is richer in biodiversity, including more intimidated plants types and a greater concentration of big trees of significance, such as the seriously jeopardized Ficus virens.

The site likewise serves “as a stepping-stone for wild animals movement to other green rooms”. About 158 varieties of fauna, including seriously jeopardized ones, were observed at the site.

Upon verdict of the research, HDB engaged nature teams to aid fine-tune the prepare for the site, including searchings for from the research. It also sought feedback from participants of the public on the research’s searchings for.

” The modified theoretical strategies additionally think about the findings from NParks’ Ecological Profiling Exercise (EPE), which revealed that an ecological connection could be established in the Clementi-Ulu Pandan location to enhance the connection from Bukit Timah Nature Reserve to the Southern Ridges, via Ulu Pandan,” stated HDB.

Dr Shawn Lum, Senior Lecturer at the Nanyang Technological University’s Asian School of the Environment, and also President of the Nature Society (Singapore), claimed the development plans for Ulu Pandan undertook many alterations.

” The planned development at Ulu Pandan has actually been created as well as fine-tuned over several models and also after considerable assessment with academics, nature fanatics, and also various other stakeholders. The advancement establishes new standards for the assimilation of natural habitats and also greenery into a housing development– both public and also exclusive– in Singapore.”


Married Child Priority Scheme To Remain The Same

If you have a child who is currently being cared for by somebody that you are not married to, then you should consider the Married Child Priority Scheme in Singapore. This scheme was introduced in 2021 to help single parents take care of their children. The plan basically states that any parent who has a child or children of their own and who is either unemployed or self-reliant can claim government benefits in order to care for their family. The scheme is able to provide for all costs related to taking care of the child including day care, schooling, medical attention and much more.

This scheme provides for financial assistance based on financial need as well as ability. It is only beneficial for parents who are in the sole custody of their children and do not live with their partner. In addition, the parent with whom the child lives must be an actual custodial parent and not the non-custodial parent. Also, the parent and child must reside in Singapore. Only one child can be cared for under this scheme at any given time.

The Government allots a substantial percentage of apartments– as much as one-third of brand-new flats within mature estates— under the Married Child Priority Scheme (MCPS), said the Ministry of National Development (MND) in Parliament on Tuesday (27 July).

Under the scheme, the parent with whom the child lives receives financial support based on his or her financial circumstances. Those with the highest incomes will receive the greatest amount of financial aid while the scheme focuses on those with lower incomes. The child’s father also receives a share of the child’s money.

To determine eligibility for the scheme, the parents must meet the Government’s eligibility requirements. They include: the parents must be Singapore residents, the child’s birth must have happened in Singapore, the child’s place of birth must have been in Singapore for at least five years and the parents must have maintained a permanent residence in Singapore for at least three years. The child’s income and assets are also taken into account when determining eligibility. The parents must also prove that they have made contributions to the educational funds of the child. For children who are still in Singaporean schools, they will not be eligible.

The ministry identifies the significance of sustaining the demands of wedded children as well as moms and dads that wish to cope with or close to each other for common treatment as well as support.

” MCPS offers priority to family members buying brand-new HDB apartments to deal with or near their moms and dads or married youngsters. Under the MCPS, 30% of the new flat supply in the fully grown estates is reserved for first-timer family members. For second-timer family members, it is 3%,” it said.

Parents must choose a Singaporean educational institution that they believe will best educate their children. All educational institutions are registered by the Education Ministry and have their stamp of approval. Parents must also ensure that the teachers in the school will be able to impart the knowledge required for their child. They will need to furnish proof of the school record of the child’s success.

Besides MCPS, the Government has actually likewise implemented various other schemes aimed at helping with mutual care as well as support amongst family members. These consist of the Multi-Generation Priority Scheme, Senior Priority Scheme as well as 3Gen flats.

Parents must also show how they will use the funds received under the scheme. The parents must list the uses of the fund. These include: education, medical, basic domestic help, and business start-up. In addition, parents must also give details on what they will do with the money should the need arise. This could mean purchasing food for the family, buying clothes and other necessities, and purchasing equipment for the household.

” Within our minimal level supply, we additionally have to satisfy the real estate demands of various other teams of Singaporeans, including first-timer family members with children via the Parenthood Priority Scheme, and also family members with 3 or even more children via the Third Child Priority Scheme,” claimed MND.

The scheme is usually accessible for children of the ages of six to 14 years. The process usually begins with a request from an individual or group of individuals. After being accepted, parents must provide proof of their income and assets. They may also be required to submit statements of their annual income and expenses. Once all the requisite documents are in place, parents will receive the fund along with a declaration from the Monetary Department. From here, it is up to the parents to begin utilizing the fund.

” Therefore, we are not able to increase the proportion of flats set aside under the MCPS at this juncture.”

The basic requirements that parents must meet include: holding a job, and the capacity to pay the taxes due. Parents may also be required to undergo drug tests and undergo background checks. To apply for a scheme, one must contact the relevant authorities in the area. The scheme is administered by the Monetary Department.

With this, the ministry suggested level purchasers that intend to cope with or close to their youngsters or parents to consider buying a resale level, as well as avail of the Proximity Housing Grant (PHG) of as much as $30,000.

The ministry made the statement in feedback to Member of Parliament Tin Pei Ling’s question on whether the proportion of flats under MCPS could be boosted for BTO tasks in fully grown estates.


Singapore Real Estate Prices Increase for the 5th Straight Quarter

Singapore’s real estate market has actually continued to stay resilient in the middle of the COVID-19 pandemic, with exclusive house prices and HDB resale rates registering their fifth consecutive quarterly rise.

There are many reasons that Singapore Property Prices Increases. One of the most important is the changing global economy. Not too long ago, people didn’t care about changing economies; they just purchased whatever house they could afford. Now, even China is having a tough time maintaining its economic growth and inflation is running high in most parts of the world including Asia. With this increase in global prices, Singapore has experienced an upward trend in property prices.

Urban Redevelopment Authority (URA) information revealed that personal residence prices rose 0.8% in Q2 2021. However, the pace of rise was more moderate compared to the 3.3% walk uploaded in Q1 2021. Huttons Asia noted that exclusive home costs “have actually appreciated by 7.1% because the Circuit Breaker in Q2 2020, 19.7% from all-time low in Q2 2017 and also are now 5.8% above the previous top in Q3 2013”.

“After a solid run-up costs in Q1 2021, some landed property owners elevated their asking prices, putting themselves out of reach for some buyers and also leading to a pullback in prices in Q2 2021,” Huttons included.

There are many factors that contribute to this. One is the influx of workers from other Asian countries into the country. This has created a greater need for real estate properties in Singapore to accommodate the influx. Also with more foreign workers coming to the country, more demand for properties has been created which translates to higher prices for these properties.

A lesser-known aspect of Singapore’s property industry is the increase in tourism. While many of the countries top property markets around the world have experienced decreases in the demand for their properties over the last several years, Singapore’s property market has increased substantially. Many people from countries such as the U.K. now choose to buy properties in Singapore because it is one of the most affordable places to live.

Landed building rates dipped 0.3% in Q2 2021, after increasing 6.7% in the previous quarter. Non-landed property rates, on the other hand, climbed 1.1%, after growing 2.5% in Q1 2021. A total amount of 8,449 exclusive homes, omitting exec condos (ECs), were sold in Q2 2021, up 4.3% from the 8,100 systems moved in the coming before quarter. Particularly, new house sales decreased 15.1% to 2,966 systems in Q2 2021, while resale deals grew 18% to 5,333 units. Huttons Asia CEO Mark Yip stated resale transactions comprised 63.1% of the overall purchases quantity as a result of fewer new launches in Q2 2021.

Another contributing factor to property prices being as they are today is the government’s efforts to create more property. Since the city-state started growing at a rapid pace, the government started to promote the development of public housing. In fact, one of the main reasons why Singapore became famous for being a popular destination for tourists is because of its amazing and impressive buildings and structures. These structures included the Sentosa Island, which is the largest of Singapore’s cluster of islands. Other amazing constructions include the Parco Marina and the New islands, which are soon to become a major tourist draws.

“Demand for residential properties was strong in Q2 2021 regardless of Phase 2 (Heightened Alert),” he claimed, including that desire “for a safe house throughout the pandemic as well as investing in homes to beat inflation” are some of the reasons behind the need. The increase in property prices can also be attributed to the role of the central government. The prime minister, Lee Hsien Loong, made his decision to nationalize all commercial properties in Singapore just before the global financial crisis began. This move was meant to help the country’s economy pull out of the downturn caused by the recession.

Meanwhile, rental volume, leaving out ECs, marginally dipped 0.4% to 23,536 private residences throughout the period under review from 23,622 units in Q1 2021.

“The recent firm of boundary controls and also seeing restrictions throughout Singapore’s Heightened Alert duration was a problem to the rental market recuperation,” said Christine Sun, Vice President of Research as well as Analytics at OrangeTee and Tie.

With the readily available supply remaining minimal and the supply of brand-new houses is obstructed by building delays, the supply crunch resulted in higher rents.

URA information showed that rental fees climbed 2.9% in Q2 2021, a steeper walk compared to the 2.2% rise seen in the previous quarter.

The government is also doing its best to stimulate the demand for property prices. Recently, the property department of the government issued a notice that required any non-domestic property buyers to apply for a Buyers’ Registration No. registered with them. Foreign investors will need to furnish the government with certified copies of their identification documents. The department also stated that foreign properties rented by non-domestic residents will not be granted permits. This measure aims to control the influx of foreign capital and maintain the standard rental rate in the country.

Over at the HDB resale market, rates enhanced 3% quarter-on-quarter and also 11% year-on-year. For the very first half of 2021, resale rates expanded 6%.

“HDB resale prices have actually appreciated by 11% from the circuit breaker in Q2 2020, 11.9% from all-time low in Q2 2019 and are now 2% below the previous optimal in Q2 2013,” said Huttons.

Given the rate of cost increase, Sun expects resale costs to reach a brand-new high by H2 2021.

In reaction to the global economic crisis, Singapore’s property market is also showing signs of the effects of the turbulence. As the economy and finance industries are slowly recovering, there is a decreasing demand for property. Property prices are also affected by fluctuating interest rates, which tend to affect the demand for property. The decreasing demand for property could dampen the growth of property prices.

“The strong rate gains show durable need for flats as customers change their emphasis far from brand-new apartments which are experiencing delays in conclusion. It may likewise show that more buyers are requesting greater costs which may lead to even more instances of cash over appraisal (COV),” stated Yip.

In Q2 2021, HDB resale volume slipped 6.8% to 7,063 units in Q2 2021 from 7,581 units in Q1 2021.

Experts associated the drop in sales to more stringent measures enforced during the Heightened Alert period in May to June. The refusal of some vendors to budge on their asking prices also reduced purchases, claimed Yip.

On the other hand, the increased demand could also stimulate the economy and finance sectors. Real estate and construction industries are being developed. The release of state-of-the-art equipment and technology is boosting the economy. There are more job opportunities for people who have increased education or professional training.

“Despite the small pullback in sales, purchaser demand is still strong given that the sales volume in Q2 is higher than the pre-pandemic level,” said Sun.

The average quarter sales stood at 5,929 devices in 2019 and also at 6,187 systems in 2020.

Sunlight believes the solid demand and also home supply lack might maintain resale prices raised over the coming months.

Property prices are affected by factors beyond the control of consumers. One of the major factors affecting the property market is the political stability of the country. If there are peace and order in the country, people are more likely to invest their money in the country’s assets, such as properties. Prices tend to increase when the economy improves and the demand for properties will also increase. When the country is experiencing a financial crisis, it has a detrimental effect on the overall demand and prices of the property.

With the “supply-demand inequality” lingering this year, level rates may be pressed higher in the coming months, she claimed.

The rise of the property prices can dampen the economic growth. However, it can only be dampened if the demand for properties is low. Otherwise, prices will continue to rise because of excess supply in the market. This is not very surprising. The real estate market follows the laws of demand and supply, and since there is no dearth of properties available for sale in the country, prices will most likely increase in coming years.

“Construction delays are anticipated for numerous BTO projects and lots of young couples with immediate real estate needs might continue to resort to the resale market, although the supply lag might begin to reduce following year when building tasks continue to get,” added Sun.