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Nearly 3,000 home owners in the five ongoing Build-To-Order (BTO) housing projects will face further delays with two large public BTO projects facing possible hold-ups as Greatearth Corp and Greatearth Construction main contractor for these sites has gone bust.
Buyers consisting of mainly younger couples aged between 25 to 35 years old in these 2,982 BTO units across these affected BTO projects: Sky Vista @ Bukit Batok, Senja Heights and Senja Ridges in Bukit Panjang, and Marsiling Grove in Woodlands have been affected.
The fifth one is West Coast Parkview in Clementi, located opposite West Coast Park. This serves as one of the Selective En bloc Redevelopment Scheme (Sers) replacement sites for residents in Blocks 513 to 520 West Coast Road.
Delayed Further
Buyers of Senja Ridges and Senja Heights who bought in 2016 would be most disappointed as they were expected to be completed in the last quarter of this year and the first quarter of 2022. Buyers of Sky Vista @ Bukit Batok, launched in August 2017, was expected to be completed in the third quarter of next year. Marsiling Grove's expected completion date was in the fourth quarter of 2022, and West Coast Parkview in the second quarter of 2023.
Buyers consisting of mainly younger couples aged between 25 to 35 years old in these 2,982 BTO units across these affected BTO projects: Sky Vista @ Bukit Batok, Senja Heights and Senja Ridges in Bukit Panjang, and Marsiling Grove in Woodlands have been affected.
The fifth one is West Coast Parkview in Clementi, located opposite West Coast Park. This serves as one of the Selective En bloc Redevelopment Scheme (Sers) replacement sites for residents in Blocks 513 to 520 West Coast Road.
Delayed Further
Buyers of Senja Ridges and Senja Heights who bought in 2016 would be most disappointed as they were expected to be completed in the last quarter of this year and the first quarter of 2022. Buyers of Sky Vista @ Bukit Batok, launched in August 2017, was expected to be completed in the third quarter of next year. Marsiling Grove's expected completion date was in the fourth quarter of 2022, and West Coast Parkview in the second quarter of 2023.
Senja Heights comprises 2 residential blocks which house 552 units of 2-room Flexi, 3-, and 4-room Flats. 1 block is 18 storeys high and the other is a staggered block with height ranging from 32 to 38 storeys.
Kiwi Lim from Huttons Asia is not surprised to see news of main contractors going bust as the government had already previously cautioned that developers may need to allow for main contractors to re-quote higher prices as contractors are faced with much higher construction costs due to Covid. But such an old and reputable main contractor like Greatearth going bust is news that came as a shock to many.
HDB could have allowed the main contractors to re-quote HDB with higher prices above what was originally agreed years ago for these ongoing projects which may lead to an unexpected cost increment of hundreds of millions of dollars for these 5 BTO projects - according to a rough off the cuff estimation.
Private condo developers have allowed their main cons to re-quote higher construction costs in order to prevent them from going bust - this has also led to developers raising the prices for current and upcoming new condo launches due to the unforeseen higher costs of building the new condo projects.
On 23 April 2021, Minister Lawrence Wong, who led the multi-ministry task force tackling Covid-19, said Covid had a major impact on the construction sector leading to longer wait time for the completion of Housing Board Build-To-Order (BTO) flats and private apartments as well as a huge rise in cost of labour and materials which has escalated by 30 per cent to 50 per cent.
Kiwi Lim believe at least one third of the almost 3,000 households may pull out of the BTO projects and switch to resale HDB flats in more matured estates or resale condos as these couples may not be willing to wait an additional 2 to 3 years on top of the number of years that they have already endured. Some of these couples already had babies or are finding it too stressful to stay with their in-laws especially from WFH arrangements at home.
HDB could have allowed the main contractors to re-quote HDB with higher prices above what was originally agreed years ago for these ongoing projects which may lead to an unexpected cost increment of hundreds of millions of dollars for these 5 BTO projects - according to a rough off the cuff estimation.
Private condo developers have allowed their main cons to re-quote higher construction costs in order to prevent them from going bust - this has also led to developers raising the prices for current and upcoming new condo launches due to the unforeseen higher costs of building the new condo projects.
On 23 April 2021, Minister Lawrence Wong, who led the multi-ministry task force tackling Covid-19, said Covid had a major impact on the construction sector leading to longer wait time for the completion of Housing Board Build-To-Order (BTO) flats and private apartments as well as a huge rise in cost of labour and materials which has escalated by 30 per cent to 50 per cent.
Kiwi Lim believe at least one third of the almost 3,000 households may pull out of the BTO projects and switch to resale HDB flats in more matured estates or resale condos as these couples may not be willing to wait an additional 2 to 3 years on top of the number of years that they have already endured. Some of these couples already had babies or are finding it too stressful to stay with their in-laws especially from WFH arrangements at home.
Greatearth Pte Ltd consisting of Greatearth Corp and Greatearth Construction is one of the most reputable main con in Singapore with awards and accolades received for a huge number of projects in the past
Greatearth Corp and Greatearth Construction Goes Bust
Greatearth Pte Ltd ("Greatearth" or the "Group") is famous in Singapore as a very reputable and Singapore's oldest and most established integrated building services companies with over 150 years of engineering and construction heritage together with its predecessors. Its competencies span the property value chain including Property Development, Engineering, Construction, as well as specialty services such as Geo-Technical Foundation Work and Procurement.
Construction Excellence
BCA Certificate Of Merit For
Construction Excellence
You may click here for all of the amazing list of awards and accolades received by Greatearth.
Greatearth Pte Ltd ("Greatearth" or the "Group") is famous in Singapore as a very reputable and Singapore's oldest and most established integrated building services companies with over 150 years of engineering and construction heritage together with its predecessors. Its competencies span the property value chain including Property Development, Engineering, Construction, as well as specialty services such as Geo-Technical Foundation Work and Procurement.
Construction Excellence
BCA Certificate Of Merit For
Construction Excellence
- The Rochester
- Paterson Suites
- Serangoon Gardens Country Club
- Raffles Town Club
- Orchid Country Club
You may click here for all of the amazing list of awards and accolades received by Greatearth.
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The Peak @ Toa Payoh is located in one of Singapore’s matured housing estates, the development is public housing comprising five 40- to 46-storey blocks of 1,245 residential units - JPG Group Architects
Launched by the Housing Board (HDB) in 2005, the Design, Build and Sell Scheme (DBSS) was designed to bridge the gap between private and public housing.
A high floor 5-room DBSS flat at The Peak @ Toa Payoh was transacted for $1,238,000 ($1,009 psf) last week, the highest recorded transaction for public housing in Toa Payoh. This transaction also broke the psychological $1,000 psf mark for a HDB unit for the very first time in this town.
Located in one of Singapore’s matured housing estates, The Peak @ Toa Payoh is a public housing project comprising five 40- to 46-storey blocks of 1,245 residential units, served by a connected multi-storey car park with rooftop communal areas.
In planning the site, an internal driveway is designed to connect the blocks with dedicated drop-off points. Linkways provide accessibility for the blocks to the multi-storey car park and the external street. In planning the residential blocks, they are diagonally orientated to avoid the direct sun-path, while at the same time achieve maximum surrounding views and unit privacy. Mid-tower sky terraces are introduced to both enhance the façade design and cater to the recreational needs of the residents.
A high floor 5-room DBSS flat at The Peak @ Toa Payoh was transacted for $1,238,000 ($1,009 psf) last week, the highest recorded transaction for public housing in Toa Payoh. This transaction also broke the psychological $1,000 psf mark for a HDB unit for the very first time in this town.
Located in one of Singapore’s matured housing estates, The Peak @ Toa Payoh is a public housing project comprising five 40- to 46-storey blocks of 1,245 residential units, served by a connected multi-storey car park with rooftop communal areas.
In planning the site, an internal driveway is designed to connect the blocks with dedicated drop-off points. Linkways provide accessibility for the blocks to the multi-storey car park and the external street. In planning the residential blocks, they are diagonally orientated to avoid the direct sun-path, while at the same time achieve maximum surrounding views and unit privacy. Mid-tower sky terraces are introduced to both enhance the façade design and cater to the recreational needs of the residents.
City View @ Boon Keng is another Design, Build & Sell Scheme (DBSS) with three towers comprising 714 public housing units soar 40 storeys high in Boon Keng. A 39th-floor unit sold for $1,205,000 in 2019
In 2019, a 39th-floor 1,281 sqft 5 room flat at City View @ Boon Keng DBSS was sold for $1,205,000 ($940.70 psf) after another five-room unit in the adjacent Block 9 sold for $1,185,000 in January in the same year.
Developed as part of the Design, Build & Sell Scheme, these three towers comprising 714 public housing units soar 40 storeys high. Prefabricated RC panels complete with window frames are used to achieve a super-smooth finish while windows for the corners of the buildings render a more dramatic effect. Generously apportioned balconies offer semi-outdoor reprieve in a high-rise living environment.
The 714-unit City View @ Boon Keng DBSS was completed in 2011, and flats there were sold consistently for over a million dollars these few years. City View @ Boon Keng’s record-breaking transactions are attributed to its city-fringe location, unblocked views of Kallang, spacious layout, and proximity to Bendemeer MRT Station on the Downtown Line and Boon Keng MRT Station on the North-East Line.
City View @ Boon Keng DBSS is popular because it is a newer development located among ageing counterparts in a mature estate and is in close proximity to two MRT stations - Bendemeer on the Downtown Line and Boon Keng on the North-East Line.
Developed as part of the Design, Build & Sell Scheme, these three towers comprising 714 public housing units soar 40 storeys high. Prefabricated RC panels complete with window frames are used to achieve a super-smooth finish while windows for the corners of the buildings render a more dramatic effect. Generously apportioned balconies offer semi-outdoor reprieve in a high-rise living environment.
The 714-unit City View @ Boon Keng DBSS was completed in 2011, and flats there were sold consistently for over a million dollars these few years. City View @ Boon Keng’s record-breaking transactions are attributed to its city-fringe location, unblocked views of Kallang, spacious layout, and proximity to Bendemeer MRT Station on the Downtown Line and Boon Keng MRT Station on the North-East Line.
City View @ Boon Keng DBSS is popular because it is a newer development located among ageing counterparts in a mature estate and is in close proximity to two MRT stations - Bendemeer on the Downtown Line and Boon Keng on the North-East Line.
In April this year 2021, a five-room Design, Build and Sell Scheme flat at Natura Loft in Bishan Street 24 was sold for $1.25 million - also one of the most expensive on record - Straits Times
In July this year, a high floor 120 sqm five-room Design, Build and Sell Scheme (DBSS) project called Natura Loft in Bishan has changed hands for a record $1.295 million ($1,002 pf) this month, smashing the previous high of $1.268 million lodged just last month.
Natura Loft is a HDB DBSS development set in the heart of a popular Bishan. With innovative and unique layouts, one of a kind finishings, and breathtaking views of the city, this is one project you have to see to believe. Natura Loft brings together the best of both worlds, combining all the elegant touches of a private condominium with the many perks of public housing.
Besides its breezy views, Natura Loft's 5 room flat sizes are also slightly larger than the typical five-room flats today. Its coveted location at Bishan is served by Marymount MRT station and Bishan MRT station, Junction 8 mall and prestigious schools like Catholic High and Raffles Institution.
Natura Loft is the first DBSS Development to offer solid timber doors and high-quality bamboo-strip floorings and features specially built walls instead of pre-fabricated slabs with the higher floor units offering panoramic views of the sea and the Singapore Flyer. All units are North-South Facing.
Natura Loft currently holds the record as the most expensive HDB resale unit @ $1.295 mil.
Natura Loft is a HDB DBSS development set in the heart of a popular Bishan. With innovative and unique layouts, one of a kind finishings, and breathtaking views of the city, this is one project you have to see to believe. Natura Loft brings together the best of both worlds, combining all the elegant touches of a private condominium with the many perks of public housing.
Besides its breezy views, Natura Loft's 5 room flat sizes are also slightly larger than the typical five-room flats today. Its coveted location at Bishan is served by Marymount MRT station and Bishan MRT station, Junction 8 mall and prestigious schools like Catholic High and Raffles Institution.
Natura Loft is the first DBSS Development to offer solid timber doors and high-quality bamboo-strip floorings and features specially built walls instead of pre-fabricated slabs with the higher floor units offering panoramic views of the sea and the Singapore Flyer. All units are North-South Facing.
Natura Loft currently holds the record as the most expensive HDB resale unit @ $1.295 mil.
The stunning views of majestic residential HDB estate of The Pinnacle @ Duxton will make you forget your fear of heights at their 500 meter long sky garden rising more than 150m above sea level in Tanjong Pagar CBD area
The record HDB resale transaction of 2020 was the sale of a 1,151 sq ft, five-room unit at Block 1B at Pinnacle@Duxton. The unit changed hands for $1.258 million ($1,093 psf) on Sept 27 2020. This record sale was closely followed by that of another 1,130 sq ft, five-room unit in neighbouring Block 1A that fetched $1.248 million ($1,104 psf) on Nov 4 2020.
Soaring above the skyline of the neighbourhood, The Pinnacle @ Duxton is a testament to our nation’s innovative approach to urban planning and public housing. Built on the site of Singapore’s oldest Housing Development Board (HDB) blocks, its design and construction both revitalises the area and commemorates its historical significance. A design competition was held and won by two local architectural firms, who worked together to create simple and elegant residences, using precast technology.
Completed in 2009, the Pinnacle@Duxton stands out as an example of how HDB confronts the challenges of meeting housing needs in an urban setting. Its seven 50-storey high towers rise as high as skyscrapers and are linked at the 26th and 50th levels by sky-bridges. It is the HDB’s first residential project with sky bridges connecting the towers. Each skybridge is home to a 500-metre-long sky garden. In fact, a few records are set by Pinnacle@Duxton: the world’s tallest public housing development and longest sky gardens. The 50th-storey skybridge is open to the public, and for a charge of S$6 you can enjoy stunning views of the city. More information can be found here.
Kiwi Lim from Huttons Asia said buyers are looking for bigger flats in convenient locations especially when we are spending more time at home and near home due to Covid and WFH. These 5 room flats - The Peak @ Toa Payoh, Natura Loft at Bishan, City Ciew @ Boon Keng & The Pinnacle @ Duxton are quality HDB projects in very premium locations like the matured estate of Toa Payoh, Bishan, Boon Keng and needless to say Tanjong Pagar - the CBD area of Singapore. Buyers are not willing to wait longer period for new BTOs of possibly up to 8 years due to construction delays brought about by Covid. Some younger couples compare the rising prices of new / resale condos in the vicinity and immediately decided to settle on a resale HDB flat as their first matrimonial home.
With a total of 106 HDB resale flats sold for over S$1m in the first half of this year 2021, HDB buyers may have overcome the psychological barrier of $1,000 psf for resale HDB flats in rare exceptionally good locations.
Soaring above the skyline of the neighbourhood, The Pinnacle @ Duxton is a testament to our nation’s innovative approach to urban planning and public housing. Built on the site of Singapore’s oldest Housing Development Board (HDB) blocks, its design and construction both revitalises the area and commemorates its historical significance. A design competition was held and won by two local architectural firms, who worked together to create simple and elegant residences, using precast technology.
Completed in 2009, the Pinnacle@Duxton stands out as an example of how HDB confronts the challenges of meeting housing needs in an urban setting. Its seven 50-storey high towers rise as high as skyscrapers and are linked at the 26th and 50th levels by sky-bridges. It is the HDB’s first residential project with sky bridges connecting the towers. Each skybridge is home to a 500-metre-long sky garden. In fact, a few records are set by Pinnacle@Duxton: the world’s tallest public housing development and longest sky gardens. The 50th-storey skybridge is open to the public, and for a charge of S$6 you can enjoy stunning views of the city. More information can be found here.
Kiwi Lim from Huttons Asia said buyers are looking for bigger flats in convenient locations especially when we are spending more time at home and near home due to Covid and WFH. These 5 room flats - The Peak @ Toa Payoh, Natura Loft at Bishan, City Ciew @ Boon Keng & The Pinnacle @ Duxton are quality HDB projects in very premium locations like the matured estate of Toa Payoh, Bishan, Boon Keng and needless to say Tanjong Pagar - the CBD area of Singapore. Buyers are not willing to wait longer period for new BTOs of possibly up to 8 years due to construction delays brought about by Covid. Some younger couples compare the rising prices of new / resale condos in the vicinity and immediately decided to settle on a resale HDB flat as their first matrimonial home.
With a total of 106 HDB resale flats sold for over S$1m in the first half of this year 2021, HDB buyers may have overcome the psychological barrier of $1,000 psf for resale HDB flats in rare exceptionally good locations.
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Avenue South Residences by UOL is one of the hot selling new condo projects in July. Click to view more.
This July, new private home sales saw a sharp increase in sales figures in spite of tightened community measures in the second half of the month. More than 90% are estimated to be bought by Singaporean and SPR buyers due to strong domestic pent-up demand and the powerful ripple effects from the launch of Pasir Ris 8 at the end of July.
Pasir Ris 8 is a fully integrated development in Pasir Ris Central that was launched over the weekend on 24 July 2021 to huge fanfare, with close to 85% of the 487 units sold just within one day. Developer Allgreen Properties raised the price for Pasir Ris 8 integrated condo project six times through the day with a 700 sq ft two-bedroom unit going for as high as $1.5 million, which translates to $2,100 psf, for this OCR mass market project. This is probably the first time mass market condo in the OCR sold for more than $2,000 psf and it may be a prelude of psf prices of mass market new launches next year. This will inadvertently make RCR city fringe new condo projects look attractive, e.g. The Landmark, Irwell Hill Residences, One Pearl Bank, Avenue South Residences, Sky Everton, The Reef, etc.
The Singapore residential property market is currently running hot fuelled by economic growth, high household income, low interest rates and expected economic growth for 2021 with Singapore's GDP expected to hit more than 6% this year as reported on MTI website on 11 Aug 2021.
The Ministry of Trade and Industry (MTI) on 11 Aug 2021 upgraded Singapore's GDP growth forecast for 2021 to “6.0 to 7.0 per cent”, from “4.0 to 6.0 per cent”.
Pasir Ris 8 is a fully integrated development in Pasir Ris Central that was launched over the weekend on 24 July 2021 to huge fanfare, with close to 85% of the 487 units sold just within one day. Developer Allgreen Properties raised the price for Pasir Ris 8 integrated condo project six times through the day with a 700 sq ft two-bedroom unit going for as high as $1.5 million, which translates to $2,100 psf, for this OCR mass market project. This is probably the first time mass market condo in the OCR sold for more than $2,000 psf and it may be a prelude of psf prices of mass market new launches next year. This will inadvertently make RCR city fringe new condo projects look attractive, e.g. The Landmark, Irwell Hill Residences, One Pearl Bank, Avenue South Residences, Sky Everton, The Reef, etc.
The Singapore residential property market is currently running hot fuelled by economic growth, high household income, low interest rates and expected economic growth for 2021 with Singapore's GDP expected to hit more than 6% this year as reported on MTI website on 11 Aug 2021.
The Ministry of Trade and Industry (MTI) on 11 Aug 2021 upgraded Singapore's GDP growth forecast for 2021 to “6.0 to 7.0 per cent”, from “4.0 to 6.0 per cent”.
Tons of hot money are floating around Singapore’s red-hot residential market, with an estimated S$32.9 billion ($24 billion) spent in the first half of 2021 -- Singapore's biggest property frenzy in more than a decade and double what was recorded in posh New York's Manhattan over the same six months according to Bloomberg.
Even as Singapore's borders are closed to foreigners, the ultra-rich foreign investors are buying into luxury properties worldwide, including Singapore where home prices jumped by a record 4.1% in the first half as the rich seeks a safe country for their investments especially tycoons in Asia who prefers Singapore over Hong Kong especially when the country is currently embroiled in political turmoil.
Currently, during this pandemic, foreigners contribute to less than 10% of all property transactions in Singapore due to the border closures. This percentage may likely increase when borders reopen.
Even as Singapore's borders are closed to foreigners, the ultra-rich foreign investors are buying into luxury properties worldwide, including Singapore where home prices jumped by a record 4.1% in the first half as the rich seeks a safe country for their investments especially tycoons in Asia who prefers Singapore over Hong Kong especially when the country is currently embroiled in political turmoil.
Currently, during this pandemic, foreigners contribute to less than 10% of all property transactions in Singapore due to the border closures. This percentage may likely increase when borders reopen.
Kiwi Lim from Huttons Asia estimates that with July's buoyant sales results, the number of available new condo units in Singapore's housing supply is falling at historically low figures. Last year in 2020, developers launched about 28 new private condo residential projects for sale, but this year in 2021, even if developers were to launch all the projects that are lined up, it will only add up to around 22 projects and many of them are small sized and medium-sized projects with only one of them - Normanton Park, being a mega project consisting of more than a thousand units.
Next year's mass market condo projects in the OCR are expected to hover around $2,000 psf due to their high GLS bidding costs and higher construction costs. Owners of potential enbloc projects are also looking to sell at higher prices to potential developers as they hope to benefit from the current sellers market. If developers were to pay a higher price for the enbloc developments, they will have to eventually price their upcoming condo projects at a much higher price. It's a vicious cycle. Therefore, Kiwi expects that by end of 2022 next year, mass market new condo buyers will be accustomed to seeing $2,000 psf for OCR new condo prices.
"If buyers next year are not able to accept $2,000 psf pricing for mass market new condos, I believe they may snap up resale properties especially for buyers who desire a condo located in a matured estate near MRT, eateries & amenities like Esparina Residences, and for young couples who may not want to wait years for their property."
Next year's mass market condo projects in the OCR are expected to hover around $2,000 psf due to their high GLS bidding costs and higher construction costs. Owners of potential enbloc projects are also looking to sell at higher prices to potential developers as they hope to benefit from the current sellers market. If developers were to pay a higher price for the enbloc developments, they will have to eventually price their upcoming condo projects at a much higher price. It's a vicious cycle. Therefore, Kiwi expects that by end of 2022 next year, mass market new condo buyers will be accustomed to seeing $2,000 psf for OCR new condo prices.
"If buyers next year are not able to accept $2,000 psf pricing for mass market new condos, I believe they may snap up resale properties especially for buyers who desire a condo located in a matured estate near MRT, eateries & amenities like Esparina Residences, and for young couples who may not want to wait years for their property."
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Esparina Residences features the first ever seven thematic spa concept in an executive condominium thoughtfully laid-out throughout the development, comprising of Spa for Friends, Beauty Spa, Sunshine Spa, Fragrance Spa, Rain Spa, Hydromassage Spa and Bubble Spa
Hot Water Jacuzzi Spa Pool to Relax The Senses
Esparina Residences - the most convenient Executive Condominium in Singapore located within just 3 mins walk to Buangkok MRT station, foodcourts, eateries, amenities and 24 hour NTUC supermarket. Esparina Residences is meticulously designed by award winning Tinderbox Landscape Studio where the landscape is themed with seven different spas with the wholistic concept of creating an environment for lifetime home. Some of the spas include rain spa, children bubble spa and hydromassage spa. Generous-sized pools, intimate jacuzzis, children play areas, and a lawn create multiple spaces for all ages and varied usages. Lush tropical plants provide a resort feel to the development.
This ultra relaxing hot water jacuzzi spa pool feature allows you to sit back and relax your tired muscles with the hot water and powerful jets from the jacuzzi gently massaging you back and legs. hot water jacuzzi spa pool feature is rarely found in Singapore's condo facilities today.
Esparina Residences TOP in 2013 has a total of 573 units and attained partial private condo status.
Esparina Residences - the most convenient Executive Condominium in Singapore located within just 3 mins walk to Buangkok MRT station, foodcourts, eateries, amenities and 24 hour NTUC supermarket. Esparina Residences is meticulously designed by award winning Tinderbox Landscape Studio where the landscape is themed with seven different spas with the wholistic concept of creating an environment for lifetime home. Some of the spas include rain spa, children bubble spa and hydromassage spa. Generous-sized pools, intimate jacuzzis, children play areas, and a lawn create multiple spaces for all ages and varied usages. Lush tropical plants provide a resort feel to the development.
This ultra relaxing hot water jacuzzi spa pool feature allows you to sit back and relax your tired muscles with the hot water and powerful jets from the jacuzzi gently massaging you back and legs. hot water jacuzzi spa pool feature is rarely found in Singapore's condo facilities today.
Esparina Residences TOP in 2013 has a total of 573 units and attained partial private condo status.
The Reef at King's Dock is a waterfront development comprising one to three-bedroom units within 3 mins walk to HarbourFront MRT station and the largest shopping mall in Singapore - Vivocity. Click to view this project
Facility Deck with Marine Reef Viewing Gallery & Olympic Length Pool Floating On The Sea
The Reef at King's Dock - Imagine waking up to the allure of the sea at your doorstep, the rush of the gentle sea breeze and an enviable differentiated lifestyle in a rare seafront location in Singapore. The Reef at King’s Dock’s lease has been topped up to begin from January 2021 and is the nearest among the three other Keppel Bay condo projects to Harbourfront MRT station and the largest shopping centre in Singapore - Vivocity.
The Reef at King's Dock will feature Singapore's first floating deck in a residential development, located within the waters of King's Dock. Spanning 180 metres, the iconic floating deck will house an ensemble of swimming pools— an Olympic-length pool, a leisure pool and a rejuvenation pool and a marine viewing area for residents and visitors to catch a glimpse of underwater life.
The 50m lap pool for those who want to get their daily swimming exercise, and leisure pools for relaxing in are conveniently placed at the side of the deck to bring you closer to the sea so I can imagine it to almost feel like you are floating in a pool over another body of water.
The Reef at King's Dock is expected to TOP in 2025 with 429 condo units. Units are selling out fast.
The Reef at King's Dock - Imagine waking up to the allure of the sea at your doorstep, the rush of the gentle sea breeze and an enviable differentiated lifestyle in a rare seafront location in Singapore. The Reef at King’s Dock’s lease has been topped up to begin from January 2021 and is the nearest among the three other Keppel Bay condo projects to Harbourfront MRT station and the largest shopping centre in Singapore - Vivocity.
The Reef at King's Dock will feature Singapore's first floating deck in a residential development, located within the waters of King's Dock. Spanning 180 metres, the iconic floating deck will house an ensemble of swimming pools— an Olympic-length pool, a leisure pool and a rejuvenation pool and a marine viewing area for residents and visitors to catch a glimpse of underwater life.
The 50m lap pool for those who want to get their daily swimming exercise, and leisure pools for relaxing in are conveniently placed at the side of the deck to bring you closer to the sea so I can imagine it to almost feel like you are floating in a pool over another body of water.
The Reef at King's Dock is expected to TOP in 2025 with 429 condo units. Units are selling out fast.
The Antares residents can relaxing by the poolside while admiring the starlight galaxy LED lightings on the pool ceiling to remove the worries off their minds. Just a mere one minute sheltered walk to Mattar MRT, this new condo is a gem to behold. Click to learn more about this new condo project
Sheltered Indoor Concept Swimming Pool
The Antares - located in a city fringe locale with few private residential developments nearby as compared to most residential estates in Singapore especially when they have an MRT station within a short 1 minute walk thru a sheltered linkway to the station.
The Antares residents can take a dip even under the hot afternoon sun in the sheltered indoor concept pool while being protected from the harmful UV rays or just simply relax & chill by the sheltered poolside while admiring the starlight galaxy LED lightings on the pool ceiling to remove the worries off their minds. Just a mere one minute sheltered walk to Mattar MRT, this new condo is a gem to behold.
The Antares is expected to TOP in 2022 with 265 condo units. Selling out soon.
The Antares - located in a city fringe locale with few private residential developments nearby as compared to most residential estates in Singapore especially when they have an MRT station within a short 1 minute walk thru a sheltered linkway to the station.
The Antares residents can take a dip even under the hot afternoon sun in the sheltered indoor concept pool while being protected from the harmful UV rays or just simply relax & chill by the sheltered poolside while admiring the starlight galaxy LED lightings on the pool ceiling to remove the worries off their minds. Just a mere one minute sheltered walk to Mattar MRT, this new condo is a gem to behold.
The Antares is expected to TOP in 2022 with 265 condo units. Selling out soon.
I bet you never heard of a private bowling alley in your condo development for residents to enjoy
Bowling Alley
City Square Residences - this city fringe freehold condo project right beside City Square shopping mall offers a wealth of other recreational activities on its nicely landscaped grounds. However, I bet you never heard of a private bowling alley in your condo development for residents to enjoy. Here at City Square Residences, families can enjoy an hour or two of bowling without having to book in advance. The bowling alley is located in the condo’s clubhouse, which features other facilities such as a fully-equipped gymnasium and a karaoke room.
City Square Residences TOP in 2009 is a freehold condo and consists of 910 condo units.
City Square Residences - this city fringe freehold condo project right beside City Square shopping mall offers a wealth of other recreational activities on its nicely landscaped grounds. However, I bet you never heard of a private bowling alley in your condo development for residents to enjoy. Here at City Square Residences, families can enjoy an hour or two of bowling without having to book in advance. The bowling alley is located in the condo’s clubhouse, which features other facilities such as a fully-equipped gymnasium and a karaoke room.
City Square Residences TOP in 2009 is a freehold condo and consists of 910 condo units.
Situated along Pasir Ris Grove, Coco Palms is a condo by City Developments Limited. Lagoon-like water features and lush green spaces are well-loved by its residents
Salt Water Pool
Coco Palms - A resort-themed private condominium, Coco Palms is the final and biggest of five private condominiums in the Pasir Ris Grove enclave, developed by City Developments Ltd (CDL) in a joint venture with Hong Leong Holdings and the latter’s subsidiary, Hong Realty. Coco Palms condo also has a three-level clubhouse, with function rooms and gourmet hall, gym, games room and audio-visual room for screening of movies.
Tinderbox Landscape Studio, which won the Landscape Excellence Award for Coco Palms condo, designed the five themed gardens within the grounds in keeping with the resort theme. There is an onsen garden, which comes with an “onsen-style” hot bath, with relaxing condo facilities such as the steam room, saltwater pool, zen garden, meditation deck and tea pavilion in the vicinity.
Coco Palms TOP in 2019 with 944 condo units within 5 mins stroll to Pasir Ris MRT station
Coco Palms - A resort-themed private condominium, Coco Palms is the final and biggest of five private condominiums in the Pasir Ris Grove enclave, developed by City Developments Ltd (CDL) in a joint venture with Hong Leong Holdings and the latter’s subsidiary, Hong Realty. Coco Palms condo also has a three-level clubhouse, with function rooms and gourmet hall, gym, games room and audio-visual room for screening of movies.
Tinderbox Landscape Studio, which won the Landscape Excellence Award for Coco Palms condo, designed the five themed gardens within the grounds in keeping with the resort theme. There is an onsen garden, which comes with an “onsen-style” hot bath, with relaxing condo facilities such as the steam room, saltwater pool, zen garden, meditation deck and tea pavilion in the vicinity.
Coco Palms TOP in 2019 with 944 condo units within 5 mins stroll to Pasir Ris MRT station
Parc Clematis is a new condo along Jalan Lempeng, which is home to Clementi’s mature estate near the MRT, amenities and eateries. Click to find out more.
Communal Kitchen with an Open Kitchen Concept
Parc Clematis, a brand new condo development will feature a communal kitchen with an open kitchen concept allowing residents to cook alongside each other and in turn, foster a sense of community between them. Residents can also host parties, cooking competitions, cooking classes and private gatherings in this rare facility. Communal kitchens are not usually found in condos and are especially good for large gatherings, such as Chinese New Year reunion dinners or Christmas. If you intend to do home cooking, it’s often a hassle to clean up after yourself, and having many cooks moving around a cramped kitchen is difficult. A communal kitchen allows you to bring only what you need - and you don’t have to mop down an oily kitchen afterwards.
Parc Clematis is expected to TOP around end of 2023 and consists of 1,468 condo units. This project is selling fast with more than 85% sold as of today.
Parc Clematis, a brand new condo development will feature a communal kitchen with an open kitchen concept allowing residents to cook alongside each other and in turn, foster a sense of community between them. Residents can also host parties, cooking competitions, cooking classes and private gatherings in this rare facility. Communal kitchens are not usually found in condos and are especially good for large gatherings, such as Chinese New Year reunion dinners or Christmas. If you intend to do home cooking, it’s often a hassle to clean up after yourself, and having many cooks moving around a cramped kitchen is difficult. A communal kitchen allows you to bring only what you need - and you don’t have to mop down an oily kitchen afterwards.
Parc Clematis is expected to TOP around end of 2023 and consists of 1,468 condo units. This project is selling fast with more than 85% sold as of today.
A spectacular high-floor apartment in a prestige development, Reignwood Hamilton Scotts is a freehold condo, located in Orchard / River Valley
Garage In Your Living Room
Reignwood Hamilton Scotts - Where should you park your multi-million dollar sports car when you live in a luxury apartment block in Singapore? Where else but your very own "parking lot in the sky" - an awesome feature that enables residents to bring their vehicles into the center of their homes no matter which floor they live on.
This amazing parking lot in the sky allows condo residents to park their beloved expensive toys and letting it became a part of the living room furniture so that from the living room you could admire it like a piece of artwork right in the comfort of their luxury condo homes.
Reignwood Hamilton Scotts TOP in 2012 and is a freehold condo in District 09 with only 56 units.
Reignwood Hamilton Scotts - Where should you park your multi-million dollar sports car when you live in a luxury apartment block in Singapore? Where else but your very own "parking lot in the sky" - an awesome feature that enables residents to bring their vehicles into the center of their homes no matter which floor they live on.
This amazing parking lot in the sky allows condo residents to park their beloved expensive toys and letting it became a part of the living room furniture so that from the living room you could admire it like a piece of artwork right in the comfort of their luxury condo homes.
Reignwood Hamilton Scotts TOP in 2012 and is a freehold condo in District 09 with only 56 units.
Ice Therapy Corner & Himalayan Salt Room
Grandeur Park Residences - This 99-year leasehold condo development is next to Tanah Merah MRT station offering a wide array of wellness and health facilities. The recreational facilities provided, ranging from indoor spa to high-tech gym equipment, are impressive as they include a Himalayan Salt Room, a lounge space packed with heated blocks of Himalayan salt, believed to be beneficial in treating skin conditions and respiratory ailments; an Ice Therapy Corner, where fitness buffs can go after exercising; and a Sensory Spa Jet, where residents can relax under the stream of water jets.
Grandeur Park Residences TOP in 2020 and consists of 722 units beside Tanah Merah MRT.
Grandeur Park Residences - This 99-year leasehold condo development is next to Tanah Merah MRT station offering a wide array of wellness and health facilities. The recreational facilities provided, ranging from indoor spa to high-tech gym equipment, are impressive as they include a Himalayan Salt Room, a lounge space packed with heated blocks of Himalayan salt, believed to be beneficial in treating skin conditions and respiratory ailments; an Ice Therapy Corner, where fitness buffs can go after exercising; and a Sensory Spa Jet, where residents can relax under the stream of water jets.
Grandeur Park Residences TOP in 2020 and consists of 722 units beside Tanah Merah MRT.
One Pearl Bank is a beautiful new condo by CapitalLand right in the heart of Chinatown & Outram Park. Less than 3 mins walk to Outram Park MRT (3 line MRT interchange) with a rare site of being on top of a hill in the city area. Click on image to find out more
360 Degree Sky Occulus on a Hilltop In The City
One Pearl Bank - a high rise new private residential condo building sitting enviously on top of Pearl's Hill in Outram surrounded by Tanjong Pagar, Chinatown, Singapore General Hospital, Singapore River, Clark Quay, Tiong Bahru, it is the dream home location for many young professionals and condo city dwellers.
Formerly known as Pearl Bank Apartments, CapitaLand will be building from scratch a brand new building that will surpass the beauty of the old iconic building transforming it into a beacon of Outram Park for the future. This brand new towering beauty has an amazing sky viewing facilities deck allowing residents of one Pearl Bank condo a superb 360 degree view of Singapore on a rare hilltop location surrounded by everything you love.
One Pearl Bank is expected to TOP in end 2024 with 774 condo units right on top of a strategically located hill in the city. Units are selling fast.
One Pearl Bank - a high rise new private residential condo building sitting enviously on top of Pearl's Hill in Outram surrounded by Tanjong Pagar, Chinatown, Singapore General Hospital, Singapore River, Clark Quay, Tiong Bahru, it is the dream home location for many young professionals and condo city dwellers.
Formerly known as Pearl Bank Apartments, CapitaLand will be building from scratch a brand new building that will surpass the beauty of the old iconic building transforming it into a beacon of Outram Park for the future. This brand new towering beauty has an amazing sky viewing facilities deck allowing residents of one Pearl Bank condo a superb 360 degree view of Singapore on a rare hilltop location surrounded by everything you love.
One Pearl Bank is expected to TOP in end 2024 with 774 condo units right on top of a strategically located hill in the city. Units are selling fast.
No one can deny the convenience of having a golf driving range right at your doorstep
Golf Driving Range
Fulcrum - not many condo complexes in Singapore offer a golf driving range as part of their facilities. Whether you are an amateur or a seasoned golfer - no one can deny the convenience of having a golf driving range right at your doorstep. Golf is a popular sport among higher-income individuals, which matches the profile of condo owners thus its golfing facilities sets it apart from other condos.
Fulcrum TOP in 2016 and is a freehold condo consisting of 128 condo units in District 15.
Fulcrum - not many condo complexes in Singapore offer a golf driving range as part of their facilities. Whether you are an amateur or a seasoned golfer - no one can deny the convenience of having a golf driving range right at your doorstep. Golf is a popular sport among higher-income individuals, which matches the profile of condo owners thus its golfing facilities sets it apart from other condos.
Fulcrum TOP in 2016 and is a freehold condo consisting of 128 condo units in District 15.
300 metre Swimming Pool
Kingsford Waterbay - a large residential condo development located in a private residential enclave of Upper Serangoon View in District 19. Kingsford Waterbay has 1,165 units spread across nine 16 storey towers, arranged in such a way that all residents either have a view over Sungei Serangoon or the large number of facilities spread across the sprawling estate.
Residents of this condo enjoys an unbelievable almost 300m of swimming pool facilities possibly the longest swimming pool among Singapore's condo projects . Apart from swimming and dipping at the pool, residents can take their pick between an indoor and sky gym, or play a round of tennis at its courts.
Kingsford Waterbay condo TOP in 2018 is a 99 year leasehold resale condo with 1,165 units.
Kingsford Waterbay - a large residential condo development located in a private residential enclave of Upper Serangoon View in District 19. Kingsford Waterbay has 1,165 units spread across nine 16 storey towers, arranged in such a way that all residents either have a view over Sungei Serangoon or the large number of facilities spread across the sprawling estate.
Residents of this condo enjoys an unbelievable almost 300m of swimming pool facilities possibly the longest swimming pool among Singapore's condo projects . Apart from swimming and dipping at the pool, residents can take their pick between an indoor and sky gym, or play a round of tennis at its courts.
Kingsford Waterbay condo TOP in 2018 is a 99 year leasehold resale condo with 1,165 units.
A total of 128 indoor and outdoor facilities can be found within The Florence Residences
Boxing Sparring Ring
The Florence Residences - a 99-year condominium developed by Logan Property (formerly known as Florence Regency) in Hougang comprises 1410 residential units, ranging from 1-5 bedroom layouts.
A total of 128 indoor and outdoor facilities can be found within The Florence Residences. These facilities include a 2 Storey Clubhouse with high ceiling Dining Suite and Multi-Purpose Suite that overlooks the beautiful 80 metres Long Island Lap Pool, and an Amphitheatre with outdoor movie screening. Other than the gym, there are also an outdoor fitness corner and a Sparring Ring Pavilion with a Punch Bag Corner.
The Florence Residences is expected to TOP in 2024 consisting of 1,410 condo units and is selling fast with more than 80% sold as of today.
The Florence Residences - a 99-year condominium developed by Logan Property (formerly known as Florence Regency) in Hougang comprises 1410 residential units, ranging from 1-5 bedroom layouts.
A total of 128 indoor and outdoor facilities can be found within The Florence Residences. These facilities include a 2 Storey Clubhouse with high ceiling Dining Suite and Multi-Purpose Suite that overlooks the beautiful 80 metres Long Island Lap Pool, and an Amphitheatre with outdoor movie screening. Other than the gym, there are also an outdoor fitness corner and a Sparring Ring Pavilion with a Punch Bag Corner.
The Florence Residences is expected to TOP in 2024 consisting of 1,410 condo units and is selling fast with more than 80% sold as of today.
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Braddell View - comprising of 918 residential flats and two commercial shops, is the largest and the last of the 18 HUDC estates to be privatised in 2017 making a total of 7,731 HUDC units to have been converted into private housing since the Government first moved to privatise such estates in 1995 in order to meet rising aspirations of Singaporeans to own private homes and give greater control over management and maintenance to the owners.
HUDC units were larger, better built, had fancier designs and were more expensive than their HDB counterparts. Some, at 158 sq m in size, were the biggest public housing flats ever built.
Today, HUDC's role has been largely superseded by other housing types such as the Design, Build and Sell Scheme (DBSS housing scheme has also been discontinued since 2011) and executive condominiums which also cater for the "sandwiched" class.
Out of all 18 former HUDC estates, only 7 of them are left remaining in Singapore today. The other 11 former HUDC estates were all bought over by developers thru enbloc and have been either marketed or sold as brand new residential condo projects.
Out of the list of 7 remaining former HUDC estates, real estate advisor Kiwi Lim from Huttons Asia identifies three of these former HUDC estates that he feel investors may want to seriously consider if they are looking for potential enbloc sites to invest in.
HUDC units were larger, better built, had fancier designs and were more expensive than their HDB counterparts. Some, at 158 sq m in size, were the biggest public housing flats ever built.
Today, HUDC's role has been largely superseded by other housing types such as the Design, Build and Sell Scheme (DBSS housing scheme has also been discontinued since 2011) and executive condominiums which also cater for the "sandwiched" class.
Out of all 18 former HUDC estates, only 7 of them are left remaining in Singapore today. The other 11 former HUDC estates were all bought over by developers thru enbloc and have been either marketed or sold as brand new residential condo projects.
Out of the list of 7 remaining former HUDC estates, real estate advisor Kiwi Lim from Huttons Asia identifies three of these former HUDC estates that he feel investors may want to seriously consider if they are looking for potential enbloc sites to invest in.
Braddell View
Singapore's largest private residential estate, Braddell View, was relaunched for enbloc collective sale again for a 2nd time in 2019 at S$2.08 billion potentially allowing owners of residential units to receive between S$2.04 million and S$4.03 million, depending on the size of their property. The units range between 1,453 sq ft and 3,369 sq ft. For commercial units, owners could receive about S$529,500 to S$1.2 million. Unfortunately, the enbloc attempt was not successful.
Braddell View estate situated on a hilltop site overlooking MacRitchie Reservoir Park, comprises 918 residential units and two shops. The plot has a lease tenure of about 102 years with effect from Feb 1, 1978 and is located near three MRT stations - Braddell on the North-South Line, as well as Marymount and Caldecott on the Circle Line. Future residents could also benefit from the proposed transformation of the nearby Bishan Sub-Regional Centre into a business hub under the Draft Master Plan 2019.
Located right beside Raffles Girls School (RGS) Secondary, Raffles Institution (JC) and Saint Joseph's Institution International and other good schools, within a short stroll to Circle Line MRT and upcoming Thomson East Coast Line, it is indeed a prime location for families.
Singapore's largest private residential estate, Braddell View, was relaunched for enbloc collective sale again for a 2nd time in 2019 at S$2.08 billion potentially allowing owners of residential units to receive between S$2.04 million and S$4.03 million, depending on the size of their property. The units range between 1,453 sq ft and 3,369 sq ft. For commercial units, owners could receive about S$529,500 to S$1.2 million. Unfortunately, the enbloc attempt was not successful.
Braddell View estate situated on a hilltop site overlooking MacRitchie Reservoir Park, comprises 918 residential units and two shops. The plot has a lease tenure of about 102 years with effect from Feb 1, 1978 and is located near three MRT stations - Braddell on the North-South Line, as well as Marymount and Caldecott on the Circle Line. Future residents could also benefit from the proposed transformation of the nearby Bishan Sub-Regional Centre into a business hub under the Draft Master Plan 2019.
Located right beside Raffles Girls School (RGS) Secondary, Raffles Institution (JC) and Saint Joseph's Institution International and other good schools, within a short stroll to Circle Line MRT and upcoming Thomson East Coast Line, it is indeed a prime location for families.
Comparison of Braddell View & Lakeview Estate as well as some surrounding private residential developments
Lakeview Estate
Lakeview Estate is a beautiful former HUDC estate located right beside fresh green nature reserve of Macritchie Reservoir nestled in a landed estate within 6 minutes walk to Marymount MRT.
At an amazing size of nearly 243,000 sqft, this sprawling Lakeview Estate is a gem near Raffles Institution and nice eateries are dotted along Thomson Road.
The following developments are in the same neighborhood as Lakeview Estate:
Lakeview Estate is a beautiful former HUDC estate located right beside fresh green nature reserve of Macritchie Reservoir nestled in a landed estate within 6 minutes walk to Marymount MRT.
At an amazing size of nearly 243,000 sqft, this sprawling Lakeview Estate is a gem near Raffles Institution and nice eateries are dotted along Thomson Road.
The following developments are in the same neighborhood as Lakeview Estate:
- The Florence Residences
- Affinity At Serangoon
- Riverfront Residences
- La Fiesta
- Kingsford Waterbay
- Sengkang Grand Residences
A comparison of Ivory Heights with the surrounding private residential condo projects in the west - SRX
Ivory Heights
This mammoth land site of more than 825,000 sqft of land parcel is super huge for a developer to swallow and it may take two or more developers to jointly bid for this project. Ivory Heights estate just held an EOGM on 20th March 2021 this year where the Subsidiary Proprietors (SPs) of Ivory Heights voted favourably to form a Collective Sale Committee (CSC) for the enbloc sale of Ivory Heights. So it may be too late for investors to enter this development now.
Being integrated with the Jurong East Central regional hub, Ivory Heights enjoys easy access to just about everything that is needed for one’s daily needs with numerous food courts and coffee shops offering the widest choice of both local and western fare. There are even 2 NTUC Fairprice outlets to pamper residents there.
Kiwi Lim said investors are taking a risk when they enter now to buy such old properties in these former HUDC estates or any private residential projects that are nearly 40 years old or more because enbloc collective sale is not certain and therefore if the enbloc collective sale attempt is not successful, the buyer / investor will be left holding onto an old apartment unit that may face water leaking issues or other problems associated with old buildings leading to higher maintenance costs, fees and lower rental yield & minimal capital appreciation.
This mammoth land site of more than 825,000 sqft of land parcel is super huge for a developer to swallow and it may take two or more developers to jointly bid for this project. Ivory Heights estate just held an EOGM on 20th March 2021 this year where the Subsidiary Proprietors (SPs) of Ivory Heights voted favourably to form a Collective Sale Committee (CSC) for the enbloc sale of Ivory Heights. So it may be too late for investors to enter this development now.
Being integrated with the Jurong East Central regional hub, Ivory Heights enjoys easy access to just about everything that is needed for one’s daily needs with numerous food courts and coffee shops offering the widest choice of both local and western fare. There are even 2 NTUC Fairprice outlets to pamper residents there.
Kiwi Lim said investors are taking a risk when they enter now to buy such old properties in these former HUDC estates or any private residential projects that are nearly 40 years old or more because enbloc collective sale is not certain and therefore if the enbloc collective sale attempt is not successful, the buyer / investor will be left holding onto an old apartment unit that may face water leaking issues or other problems associated with old buildings leading to higher maintenance costs, fees and lower rental yield & minimal capital appreciation.
