Tag Archives: Apartment

2 Executive Condominium Housing Development Sites at Yishun

On  27 Mar 2014,  the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) will be releasing three residential sites for sale in March 2014 under the 1st Half 2014 (1H2014) Government Land Sales (GLS) Programme in order to provide developers and home buyers with more choices for private housing,  Together, these three sites can yield about 1,300 residential units. The two Executive Condominium sites at Yishun Street 51 are launched for sale under the Confirmed List.  I guess the winning developers will leverage of the superior geographical advantage of these 2 plot of lands and oriented most units  to face the Orchid Park Country Club Golf Course and the Lower Seletar Reservoir. Cool. Home owners may admire a panoramic view of Seletar Reservoir and Orchid Country Club’s golf course from the comfort of their own home which is hard to find in Singapore now a days where views are often obstructed by high rise buildings.  So potential buyers , stay tuned.  

View of Ochird Country Club Golf Course

View of Ochird Country Club Golf Course

Below are the details of the sale sites –

Proposed Development Executive Condominium Housing
Location Yishun Street 51 (Parcel A)  (PDF 311KB) Yishun Street 51 (Parcel B)  (PDF 310KB)
Site Area 17,940.20 sq m 18,260.40 sq m
Maximum GFA 
[GPR]
50,232.56 sq m
[2.8]
51,129.12 sq m
[2.8]
Maximum Building Height 56m AMSL 56m AMSL
Estimated Dwelling Units 490 520
Lease Term 99 years 99 years

As of 22/5/2013 12 noon, 6 bids were received for Yishun Street 51 (Parcel A) and 8 bids were received for Yishun Street 51 (Parcel B) . 

The details of the provisional tender results are below:

I) Executive Condominium Housing Site at Yishun Street 51 (Parcel A)

S/N
Name of Tenderer
Tender Price
($)
$psm/GFA
($)
1
Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.
$178,500,000
$3,553.47
2
Sim Lian Land Pte Ltd
$174,800,000
$3,479.81
3
Nanshan Group Singapore Co. Pte. Ltd.
$173,100,000
$3,445.97
4
FCL Tampines Court Pte. Ltd. and KH Capital Pte. Ltd.
$171,980,000
$3,423.68
5
Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Investment Focus Pte Ltd
$157,350,000
$3,132.43
6
Wee Hur Development Pte Ltd
$145,000,000
$2,886.57

 

ii) Yishun Street 51 (Parcel B)

S/N
Name of Tenderer
Tender Price
($)
$psm/GFA
($)
1
JBE Holdings Pte Ltd
$184,130,000
$3,601.27
2
Nanshan Group Singapore Co. Pte. Ltd.
$176,200,000
$3,446.18
3
Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.
$176,000,000
$3,442.27
4
FCL Tampines Court Pte. Ltd. and KH Capital Pte. Ltd.
$164,010,000
$3,207.76
5
Wee Hur Development Pte Ltd
$155,000,000
$3,031.54
6
Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Investment Focus Pte Ltd
$154,730,000
$3,026.26
7
Sim Lian Land Pte Ltd
$150,280,000
$2,939.23
8
CEL Residential Development Pte Ltd
$138,800,000
$2,714.70

 

Source - HDB
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When will the dropping stop?

The median Cash-Over Value or COV paid for a Housing Board resale flat fell to zero in February 2014, down from $3,000 in January. This was the lowest median cash over valuation (COV) figure since SRX records began in 2006. It is also the first time COV hit zero since 2006.

About 37 per cent of deals, almost 4 in every 10 deals closed below valuation overall. In contrast, only 29.4 per cent of HDB resale deals closed below valuation during January 2014.   Resale prices fell by 1.8 per cent, which means that price level are now at same level as 20 months ago in June 2012. This was the sharpest month-on-month fall since prices started declining in April last year.And fewer flats changed hands.

COV map Mar 2014

Out of the 28 towns in Singapore.12 towns saw zero or negative median COV, an increase from 7 HDB towns in January.  Bukit Panjang, Punggol, Sembawang, Sengkang and Woodlands clocked negative overall median COVs recorded in February 2014 while Bedok, Bukit Batok, Choa Chu Kang, Geylang, Jurong West, Tampines and Yishun recorded zero overall median COV.

HDB transaction feb 2014 ( COV )

Year-on-year, resale volume dropped 6.3 per cent. According to flash estimates, 734 HDB flats were sold last month in the resale market, a 20 per cent month-on-month drop from the 918 units in January. Rental volume also dropped 13.7 per cent year-on-year. An estimated 1,118 HDB flats were rented in February, 25.3 per cent less than the 1,496 rental transactions in January. On a year-on-year basis, February’s rental volume posted a 11.9 per cent drop from 1,296 flats leased over the same month of last year. 

 

number of HDB transacted Jan Feb 2014

number of HDB Rental transacted Jan Feb 2014

source – Straits Time, SRX, CNA

Fewer private property owners buying HDB flat.

HDB buyerFewer speculators have been snapping up Housing Board resale flats following a rule change designed to keep them out of the market. Fresh figures show the number of private property owners buying HDB units has been gradually falling over the past three years. It follows a change to the regulations in 2010 that required them to sell off their existing private homes within six months of buying an unsubsidised resale flat. The move was aimed at keeping out speculators, who have been blamed for pushing up prices by buying flats as investments.

Base on HDB’s Statistic, percentage of private property owners buying resale HDB has fall from 11.8% in the first 8 months of 2010 to 4.3% in the first 6 months of 2013.
Fewer Private property owners buying HDB flats

At least for now, the asking price from seller seems more realistic.

Source – Straits Time, HDB

 

New 3Gen flats for multi-gen families located close to Khatib MRT Station

National Development Minister Khaw Boon WanHome buyers will have more choice in next month’s Build-To-Order (BTO) exercise.  Multi-generation families buyers who want to live together for mutual care and support will have an additional optionto apply for the new three-generation (3Gen) HDB Build-to-Order flats , located at Saraca Breeze @ Yishun, close to Khatib MRT Station, revealed National Development Minister Khaw Boon Wan on Saturday.

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Writing on his blog, Mr Khaw said this will put the pilot launch of 3Gen flats — first announced last month and meant to encourage multiple generations to live under one roof – in the vicinity of an eating house, a minimart, shops and a childcare centre.

This ” New Product” will have an internal floor area of about 115 square metres that comes with four bedrooms and three bathrooms,. This is slightly bigger than an existing 5-room flat, which is about 110 square metres in size but smaller than older HDB 5rooms and Executive flats in Yishun. Current 5 Room flats in Yishun has a size of around 120Sqm – 130sqm while an Executive flat can be as large as 140Sqm.

Mr Khaw  added that the living and dining areas are well-placed to facilitate interaction, whilst providing the necessary privacy to both the elderly and younger couples.

To be eligible for the 3Gen flats, applicants must form a multi-generation family comprising a married or courting couple and their parents. But there are some restrictions — subletting of rooms will not be allowed during the five-year minimum occupation period. After fulfilling the minimum occupation period, the flats can only be resold in the open market to other eligible multi-generation families. The National Development Ministry said this is to ensure that the 3Gen flats actually serve their target group.

Source – Straits Time, ChannelNewsAsia, TodayOnline, HDB

 

Top 10 Most Expensive HDB – 2013

According to the Statistic from the HDB and major property firms, the Top 10 most expensive HDB sold till date for the year 2013 all transacted above $900000. The Top 3 HDB units had even cross the 1 Million dollar physiological benchmark. YES!!! HDB Above $1000000. Lets take a look below for the Top 10 most expensive HDB transacted this year.

#10

Blk 99A Toa Payoh Lor 2

Type – Executive Apartment

Size – 1561Sqft

Price – $ 940,000 ,  $602.56psf

Remarks- 2 Mins walk to Braddell MRT, Market

10 - 99A LORONG 2 TOA PAYOH ( executive apartment )

10 – 99A LORONG 2 TOA PAYOH ( executive apartment )

10 - 99A LORONG 2 TOA PAYOH ( executive apartment ) Street View

10 – 99A LORONG 2 TOA PAYOH ( executive apartment ) Street View

#9

Blk132 Geylang East Ave 1

Type – Executive  Maisonette

Size – 1572Sqft

Price – $  943,999 ,  $ 600.89psf

Remarks- 2 Mins walk to Aljunied MRT, Market, Library

9 - 132 GEYLANG EAST AVENUE 1 ( executive maisonette)

9 – 132 GEYLANG EAST AVENUE 1 ( executive maisonette)

9 - 132 GEYLANG EAST AVENUE 1 ( executive maisonette) Street View

9 – 132 GEYLANG EAST AVENUE 1 ( executive maisonette) Street View

#8

Blk 23 Jln Membina

Type – 5 ‘I’

Size – 1184Sqft

Price – $   945,000 ,  $   798.14psf

Remarks- 2 Mins walk to Tiong Bahru MRT, TIong Bahru Plaza

8 - 23 JALAN MEMBINA(5 Room Type I )

8 – 23 JALAN MEMBINA(5 Room Type I )

8 - 23 JALAN MEMBINA(5 Room Type I ) Street View

8 – 23 JALAN MEMBINA(5 Room Type I ) Street View

#7

Blk 222 Bishan St 23

Type – Executive  Maisonette

Size – 1658Sqft

Price – $950,000 ,  $573.33psf

Remarks- 6 Mins walk to Bishan MRT, Junction 8, Bishan Park, Schools

7 - 222 Bishan St 23 ( executive maisonette)

7 – 222 Bishan St 23 ( executive maisonette)

7 - 222 Bishan St 23 ( executive maisonette) Street View

7 – 222 Bishan St 23 ( executive maisonette) Street View

#7

Blk 79C Toa Payoh Central

Type – 5’I’

Size – 1184Sqft

Price – $950,000 ,  $ 802.36psf

Remarks- 5 Mins walk to Toa Payoh MRT, Market, Library, Bus Interchange

7 - 79C TOA PAYOH CENTRAL (5 Room Type I )

7 – 79C TOA PAYOH CENTRAL (5 Room Type I )

7 - 79C TOA PAYOH CENTRAL (5 Room Type I ) Street View

7 – 79C TOA PAYOH CENTRAL (5 Room Type I ) Street View

#6

Blk 101B Toa Payoh Lor 2

Type – Executive Apartment

Size – 1582Sqft

Price – $964,000 ,  $609.36psf

Remarks- 2 Mins walk to Braddell MRT, Market

6 - 101B Lor 2 Toa Payoh ( executive apartment )

6 – 101B Lor 2 Toa Payoh ( executive apartment )

6 - 101B Lor 2 Toa Payoh ( executive apartment ) Street View

6 – 101B Lor 2 Toa Payoh ( executive apartment ) Street View

#5

Blk 5 Tanjong Pagar Plaza

Type – 5 Room Adjoined

Size – 1496Sqft

Price – $965,000 ,  $ 645.05psf

Remarks- 2 Mins walk toTanjong Pagar MRT, Market, CBD

5- 5 Tanjong Pagar Plaza 5Room Adjoined )

5- 5 Tanjong Pagar Plaza 5Room Adjoined )

5- 5 Tanjong Pagar Plaza 5Room Adjoined ) Street View

5- 5 Tanjong Pagar Plaza 5Room Adjoined ) Street View

#4

Blk 460 Tampines St 42

Type – JUMBO Flat

Size – 1787Sqft

Price – $970,000 ,  $543.11psf

Remarks- 2 Mins walk to Future Tampines East MRT

4 - 460 Tampines St 42 ( Jumbo )

4 – 460 Tampines St 42 ( Jumbo )

4 - 460 Tampines St 42 ( Jumbo ) Street View

4 – 460 Tampines St 42 ( Jumbo ) Street View

#3

Blk 3 Toh Yi Drive

Type – Executive Maisonette

Size – 1572Sqft

Price – $1000000 ,  $636.54psf

Remarks- 2 Mins walk to Future Beauty World MRT, Market.

3- 3 Toh Yi Drive ( executive maisonette )

3- 3 Toh Yi Drive ( executive maisonette )

3- 3 Toh Yi Drive ( executive maisonette ) Street View

3- 3 Toh Yi Drive ( executive maisonette ) Street View

#2

Blk 194 Bishan St 13 

Type – Executive Maisonette

Size – 1755Sqft

Price – $1,010,000 ,  $575.83psf

Remarks- 5 Mins walk to Bishan MRT, Junction 8 , Library

2 - 194 Bishan Street 13 ( executive maisonette )

2 – 194 Bishan Street 13 ( executive maisonette )

2 - 194 Bishan Street 13 ( executive maisonette ) Street View

2 – 194 Bishan Street 13 ( executive maisonette ) Street View

#1

Blk 65 Jln Mamor   

Type – 3 Room Terrace

Size – 2863.22

Price – $1,020,000 ,  $ 356.27psf

Remarks- Rare 3 Room terrace unit, Market, Library

1 - 65 Jalan Ma'mor ( 3 Room Terrace )

1 – 65 Jalan Ma’mor ( 3 Room Terrace )

1 - 65 Jalan Ma'mor ( 3 Room Terrace ) Street view

1 – 65 Jalan Ma’mor ( 3 Room Terrace ) Street view

Do you guys notice? MRT MRT MRT. Out of the 11 properties above ( there is 2 #7 ), 10 are within stone throw distance to MRT. This shows that properties situated near MRT are really an important factor for Singaporean, considering the jaw dropping COE price currently. If your property are in Bishan, Queensway, Tiong bahru orToa payoh and is super near MRT, chances are you may be adding to the statistic for TOP 10 most expensive HDB in the future.

To know how much your property worth in today’s market, SMS me 98803768 with the following details and i shall present you a detail report on your property.

SMS <VALUE> ‘PROPERTY ADDRESS’, ‘PROPERTY TYPE’, ‘NAME’ to 98803768

Example – <VALUE>’blk 1 Tiong Bahru Road #03-03 ‘ 5’A’ ‘Peter’

Hear from you guys soon!!!

Source – HDB, Propertyguru, Onemap.sg, Googlemap

58 singles applied for each two-room flat in the latest BTO launch

In Mr Khaw Boon Wan’s latest blog post, Mr Khaw hinted that as of last night’s BTO closing, “we expect to have received more than 8,500 applicants from singles. More than 55 singles will compete for each two-room unit on offer for singles. This is not lukewarm at all”

Indeed, according to the Housing Board’s final tally, about 58 singles applied for each two-room flat available to them in the Build-To-Order launch.

The two-room flats at Sengkang FernVale Riverwalk remained as attractive with about 81 singles going for each flat on offer. comparing to Yishun unit, it only received nearly 39 applications from singles.

There is a total of close to 20000 applications made in this round of BTO exercise, which calculated to 4.9 applicants fighting for 1 units. The exercise, which closed at midnight on 5/8/2013, was the first time singles aged 35 and over could apply for new flats.

.

BTO Application received , Aug 2013

BTO Application received , Aug 2013

Source : http://www.hdb.gov.sg , http://mndsingapore.wordpress.com/ , http://www.straitstimes.com

HDB launches more than 500 two-room flats, Single Singaporean can apply.

HDB BTO BuildingThe Housing Board has launched more than 500 two-room flats, up to a third of which will be reserved for singles. The bulk of these new flats in the Build-To-Order (BTO) exercise will be built in Sengkang and Yishun.

The Housing Board has introduced several initiatives help singles get their dream homes in recent years and this is the first time that a BTO project will offer units just for them. Previously, singles aged 35 and above could only get their HDB homes from the resale market, with a grant of $15,000. This group can now apply for new flats under the BTO scheme.

HDB will also now top up an additional $15,000 grant to singles who marry later, putting them on par with married couples who receive $30,000, starting with this latest BTO project.

The government has also extended the additional housing grant – up to $20,000 – for singles buying a resale flat from the open market. This is aimed at helping more singles buy their first flat, said the HDB in a statement on Tuesday.

Source – http://www.straitstimes.com

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