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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.
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After reputable local listed developer Allgreen Properties launched and sold more than 85% of total units in Pasir Ris 8 - a rare property asset class of fully integrated condo in Pasir Ris Central on 24 July 2021 at prices of up to $2,116 psf for its 710 sqft 2 bedroom condo unit, all eyes are now on another fully integrated condo project in District 19 - Sengkang Grand Residences.
The next day after Pasir Ris 8 sold its 2 bedder for more than $2,000 psf, Sengkang Grand Residences immediately saw close to 40 units sold in one day on Sunday - 25 July 2021. While there was a "good spread of take-up" across all unit types, interest was very strong for the 2 bedroom units, as the 1 + study units were long sold out beforehand leaving only the last 6 units of 2 bedroom, 118 units of 3 bedroom units and 21 four bedroom flexi units left avail by Wed (28 July) averaging around $1,7xx psf.
Buyers felt that Sengkang Grand Residences is more value for money as compared to Pasir Ris 8 because CDL & Capitaland bought the GLS site for Sengkang Grand Residences at $924 psf ppr and is currently selling at around $1,7xx psf whereas Allgreen Property bought the GLS site for Pasir Ris 8 at $685 psf ppr and sold at an average of $1,7xx psf leading up to above $2,000 psf for a 2 bedroom unit.
Buyers of both projects - Pasir Ris 8 and Sengkang Grand Residences are similar in profile mostly Singaporean singles and HDB upgraders looking to stay in a fully integrated condo development.
Kiwi Lim from Huttons Asia felt that buyers looking at District 18 in Pasir Ris, are generally quite willing to also consider District 19 as well because it is well connected by the Tampines Expressway (TPE).
The next day after Pasir Ris 8 sold its 2 bedder for more than $2,000 psf, Sengkang Grand Residences immediately saw close to 40 units sold in one day on Sunday - 25 July 2021. While there was a "good spread of take-up" across all unit types, interest was very strong for the 2 bedroom units, as the 1 + study units were long sold out beforehand leaving only the last 6 units of 2 bedroom, 118 units of 3 bedroom units and 21 four bedroom flexi units left avail by Wed (28 July) averaging around $1,7xx psf.
Buyers felt that Sengkang Grand Residences is more value for money as compared to Pasir Ris 8 because CDL & Capitaland bought the GLS site for Sengkang Grand Residences at $924 psf ppr and is currently selling at around $1,7xx psf whereas Allgreen Property bought the GLS site for Pasir Ris 8 at $685 psf ppr and sold at an average of $1,7xx psf leading up to above $2,000 psf for a 2 bedroom unit.
Buyers of both projects - Pasir Ris 8 and Sengkang Grand Residences are similar in profile mostly Singaporean singles and HDB upgraders looking to stay in a fully integrated condo development.
Kiwi Lim from Huttons Asia felt that buyers looking at District 18 in Pasir Ris, are generally quite willing to also consider District 19 as well because it is well connected by the Tampines Expressway (TPE).
Sengkang Grand Residences is generally considered by home buyers as being very attractively priced as current new OCR condos that are further from the MRT station, bus interchange and shopping malls are already priced around $1,7xx psf in the market today.
Kiwi Lim believe that with the current supply of new condo units left available in the market, Sengkang Grand Residences can afford to charge a premium price for being a rare fully integrated condo project (only less than 5% of all private residential condo / apartment projects in Singapore are integrated projects) which is far better than mixed development with just a mall below.
Mixed development consists of residential units above and commercial shops below, with most of the shops being strata owned shops and not managed malls. They also are not connected to the MRT station and bus interchange.
Integrated projects offers the ultimate convenience to the residents staying in the condo units above with a managed mall below, connected to the MRT and bus interchange at their doorstep. Most integrated projects also include public community projects, e.g. polyclinics, community centres as well as a plaza for communal activities for the neighbourhood. There are less than 5% of private residential projects that are considered as integrated projects in the market today.
Kiwi Lim believe that with the current supply of new condo units left available in the market, Sengkang Grand Residences can afford to charge a premium price for being a rare fully integrated condo project (only less than 5% of all private residential condo / apartment projects in Singapore are integrated projects) which is far better than mixed development with just a mall below.
Mixed development consists of residential units above and commercial shops below, with most of the shops being strata owned shops and not managed malls. They also are not connected to the MRT station and bus interchange.
Integrated projects offers the ultimate convenience to the residents staying in the condo units above with a managed mall below, connected to the MRT and bus interchange at their doorstep. Most integrated projects also include public community projects, e.g. polyclinics, community centres as well as a plaza for communal activities for the neighbourhood. There are less than 5% of private residential projects that are considered as integrated projects in the market today.
Sengkang Grand Residences - a fully integrated condo development by CDL and Capitaland is nearly 80% sold as at 27 July 2021
Sengkang Grand Residences being a fully integrated condo development allows its future residents to enjoy ultimate convenience to shop for daily essentials and groceries with a mall managed by reputable Capitaland and supermarket under one roof, with a hawker centre right downstairs.
Located close to the brand new community club with a multi-purpose hall perfect for active, sporty lifestyles. With residential homes sitting above Buangkok MRT and a bus interchange, condo residents will enjoy seamless connectivity to anywhere across Singapore.
"With the weather in Singapore expecting to get hotter and hotter in future, I believe that more homebuyers will seriously consider either living in an integrated condo development or living in a condo project that is just right across the road to the integrated mall, MRT and bus interchange - something like Esparina Residences, for example."
Located close to the brand new community club with a multi-purpose hall perfect for active, sporty lifestyles. With residential homes sitting above Buangkok MRT and a bus interchange, condo residents will enjoy seamless connectivity to anywhere across Singapore.
"With the weather in Singapore expecting to get hotter and hotter in future, I believe that more homebuyers will seriously consider either living in an integrated condo development or living in a condo project that is just right across the road to the integrated mall, MRT and bus interchange - something like Esparina Residences, for example."
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Pasir Ris 8 comprises commercial and residential condo development integrated with a bus interchange, a polyclinic and a town plaza, will offer seamless connection to public transport services and amenities for residents
On a quiet weekend of 24 July 2021 (Saturday) under tight Covid safety measures, Allgreen properties & Kerry Properties launched the sales preview of Pasir Ris 8 from 9am in the morning till around 10pm at night with OTPs being issued throughout the night.
The one day sales preview of Pasir Ris 8 saw buyers making up mainly of Singaporeans and PRs snapping up nearly 80% of the residential units in this highly sought after rare fully integrated condominium development with commercial retail mall, polyclinic situated directly below plus the ultimate convenience of being integrated with MRT station and Bus Interchange at your doorstep. Buyers saw prices above $2,000 psf for the 2 bedder units at Pasir Ris 8.
Pasir Ris 8 sits on a precious OCR white site next to Pasir Ris MRT Station successfully clinched by a joint venture between Allgreen Properties and Kerry Properties (part of the Kuok Group of Companies controlled by Malaysian tycoon Robert Kuok) at nearly $700 million working out to $684.48 per square foot per plot ratio (psf ppr) based on the total gross floor area of 1.02 million sq ft on 14 Dec 2018.
The one day sales preview of Pasir Ris 8 saw buyers making up mainly of Singaporeans and PRs snapping up nearly 80% of the residential units in this highly sought after rare fully integrated condominium development with commercial retail mall, polyclinic situated directly below plus the ultimate convenience of being integrated with MRT station and Bus Interchange at your doorstep. Buyers saw prices above $2,000 psf for the 2 bedder units at Pasir Ris 8.
Pasir Ris 8 sits on a precious OCR white site next to Pasir Ris MRT Station successfully clinched by a joint venture between Allgreen Properties and Kerry Properties (part of the Kuok Group of Companies controlled by Malaysian tycoon Robert Kuok) at nearly $700 million working out to $684.48 per square foot per plot ratio (psf ppr) based on the total gross floor area of 1.02 million sq ft on 14 Dec 2018.
Allgreen Properties and Kerry Properties sold 415 units (85% of total units in Pasir Ris 8) at an average price of estimated $1,650 psf on 24 July (Sat). Seeing strong buying response, the developers jointly decided to increase the price around 5 times throughout the day to price their remaining units up to $2,116 psf for home buyers to own a unit at the rare fully integrated condo in Pasir Ris Central.
Kiwi Lim from Huttons Asia believe that the timing of this Pasir Ris 8 preview couldn't be more perfect as it was just a day after news of the high land bid price clinched for the condo GLS plot at Lentor Central & record breaking EC GLS at Tampines Street 62 were announced.
Allgreen Properties and Kerry Properties may have also realised the value of Pasir Ris 8 as a fully integrated developments in Singapore especially one that comprise of managed commercial shopping mall and residential development integrated with a bus interchange, a polyclinic and town plaza offering seamless connection to public transport services and amenities for residents. Such developments are considered rare and are in high demand by buyers who work from home & desire convenience.
Allgreen Properties and Kerry Properties may have also realised the value of Pasir Ris 8 as a fully integrated developments in Singapore especially one that comprise of managed commercial shopping mall and residential development integrated with a bus interchange, a polyclinic and town plaza offering seamless connection to public transport services and amenities for residents. Such developments are considered rare and are in high demand by buyers who work from home & desire convenience.
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The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) released two sites at Lentor Central and Tampines Street 62 (Parcel A) for sale on 15 April 2021 under the first half 2021 (1H2021) Government Land Sales (GLS) Programme.
The URA site at Lentor Central earmarked for a residential with commercial at 1st storey development and the HDB Executive Condominium site at Tampines Street 62 (Parcel A) are launched for sale under the Confirmed List. Together, these two sites can yield about 1195 residential units.
The tender for the two land parcels at Lentor Central and Tampines Street 62 (Parcel A) will close at 12 noon on 22 Jul 2021 at URA and HDB respectively.
The URA site at Lentor Central earmarked for a residential with commercial at 1st storey development and the HDB Executive Condominium site at Tampines Street 62 (Parcel A) are launched for sale under the Confirmed List. Together, these two sites can yield about 1195 residential units.
The tender for the two land parcels at Lentor Central and Tampines Street 62 (Parcel A) will close at 12 noon on 22 Jul 2021 at URA and HDB respectively.
Today, the tender results for the two land parcels at Lentor Central and Tampines Street 62 (Parcel A) revealed record breaking OCR GLS bidded prices for both plots of land.
Qingjian Realty and Santarli Construction is the top bidder for the EC site at Tampines St 62. This land parcel can build about 590 units and the land price works out to $658.93 psf ppr. It is a new record land price for a EC site. This may indicate a selling price of $1,3xx psf for this new executive condo that may be launched in end of 2022 or early 2023.
Qingjian Realty and Santarli Construction is the top bidder for the EC site at Tampines St 62. This land parcel can build about 590 units and the land price works out to $658.93 psf ppr. It is a new record land price for a EC site. This may indicate a selling price of $1,3xx psf for this new executive condo that may be launched in end of 2022 or early 2023.
Guocoland is the top bidder for the GLS site at Lentor Central at $1,204 psf ppr. This piece of and can build 605 residential units with commercial shops on the 1st level. This may indicate a selling price of $2,2xx psf for its condo units when it's launched in 2022 next year.
Kiwi Lim from Huttons Asia believe this is due to strong local demand for property from younger professional singles or couples as working from home created in them a desire to live apart from their parents and have their own personal space. Developers are also seeing a decline in their inventory of unsold condo units and are currently short of land banks in their possession.
Kiwi Lim from Huttons Asia believe this is due to strong local demand for property from younger professional singles or couples as working from home created in them a desire to live apart from their parents and have their own personal space. Developers are also seeing a decline in their inventory of unsold condo units and are currently short of land banks in their possession.
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CONFIRMED RESIDENTIAL AND EC SITES FOR 2H 2021 GLS PROGRAMME - SRX & URA
The Government announced on 10 June (Thursday) 2021, the Government Land Sales (GLS) Programme for the second half of 2021 (2H2021), and the acceptance of an application from a developer to put up the White site at Marina View for sale by public tender.
The GLS Programme for 2H2021 comprises four Confirmed List sites and nine Reserve List sites.
The Confirmed List comprises four private residential sites [including one Executive Condominium (EC) site] which can yield about 2,000 private residential units (including 375 EC units).
In addition, the Reserve List comprises six private residential sites (including one EC site), two White sites and one hotel site. These sites can yield about 4,860 private residential units (including 700 EC units), 90,000 sqm GFA of commercial space and 530 hotel rooms.
A site on the Reserve List System will be put up for sale if a developer's indicated minimum price in his application is acceptable to the Government. The price to trigger the Reserve List site is secret and not known to the developer beforehand and only if the price submitted by the developer matches the government's desired price, the government will consider putting it up for tender.
The Government will also consider launching a Reserve List site for sale if it has received sufficient market interest for the site. This is when more than one unrelated party has submitted a minimum price that is close to the Government's Reserve Price, within a reasonable period.
The GLS Programme for 2H2021 comprises four Confirmed List sites and nine Reserve List sites.
The Confirmed List comprises four private residential sites [including one Executive Condominium (EC) site] which can yield about 2,000 private residential units (including 375 EC units).
In addition, the Reserve List comprises six private residential sites (including one EC site), two White sites and one hotel site. These sites can yield about 4,860 private residential units (including 700 EC units), 90,000 sqm GFA of commercial space and 530 hotel rooms.
A site on the Reserve List System will be put up for sale if a developer's indicated minimum price in his application is acceptable to the Government. The price to trigger the Reserve List site is secret and not known to the developer beforehand and only if the price submitted by the developer matches the government's desired price, the government will consider putting it up for tender.
The Government will also consider launching a Reserve List site for sale if it has received sufficient market interest for the site. This is when more than one unrelated party has submitted a minimum price that is close to the Government's Reserve Price, within a reasonable period.
GLS residential site in Jalan Tembusu under the second half of the 2021 government land sales (GLS) programme
The Government has carefully calibrated the supply of private housing in the 2H2021 GLS Programme, taking into account several factors.
The unsold inventory of private housing units has declined over the past year amidst strong demand. Nonetheless, even as the economy is recovering from the recession in 2020, there are continued uncertainties in the economic and labour market conditions due to the ongoing COVID-19 situation globally and locally. On balance, the Government has decided to moderately increase the supply of private housing on the Confirmed List to 2,000 units for the 2H2021 GLS Programme, up from 1,605 units for the 1H2021 GLS Programme. The supply on the Reserve List also gives developers a good selection of sites to initiate for development.
The unsold inventory of private housing units has declined over the past year amidst strong demand. Nonetheless, even as the economy is recovering from the recession in 2020, there are continued uncertainties in the economic and labour market conditions due to the ongoing COVID-19 situation globally and locally. On balance, the Government has decided to moderately increase the supply of private housing on the Confirmed List to 2,000 units for the 2H2021 GLS Programme, up from 1,605 units for the 1H2021 GLS Programme. The supply on the Reserve List also gives developers a good selection of sites to initiate for development.
GLS site in Lentor Hills Road (Parcel A) under the 2nd half of the 2021 government land sales (GLS) programme
The supply of private homes from confirmed sites under the Government Land Sales (GLS) programme for the second half of this year has been raised by 24.6 per cent to 2,000 units, up from 1,605 units for the first half of the year, in response to land-hungry developers and the dwindling unsold new home supply.
The Confirmed List comprises four private residential sites [including one Executive Condominium (EC) site] which can yield about 2,000 private residential units (including 375 EC units).
The Jalan Tembusu GLS site, which spans 1.95ha, is estimated to yield 640 units, has strong locational attributes, as it is near the upcoming Tanjong Katong MRT station, East Coast Park, and amenities along East Coast Road. Furthermore, several prominent schools are also located in the area such as Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls' School.
The GLS site at Lentor Hills Road (Parcel A) can yield about 595 units and has a site area of 1.71ha. It is located right next to the Lentor Central GLS site released earlier in April this year as well as the Lentor MRT station on the TEL. Residents will be two stops away from the Cross Island Line (CRL), four stops from the Circle Line (CCL), and six from the Downtown Line (DTL).
The Confirmed List comprises four private residential sites [including one Executive Condominium (EC) site] which can yield about 2,000 private residential units (including 375 EC units).
The Jalan Tembusu GLS site, which spans 1.95ha, is estimated to yield 640 units, has strong locational attributes, as it is near the upcoming Tanjong Katong MRT station, East Coast Park, and amenities along East Coast Road. Furthermore, several prominent schools are also located in the area such as Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls' School.
The GLS site at Lentor Hills Road (Parcel A) can yield about 595 units and has a site area of 1.71ha. It is located right next to the Lentor Central GLS site released earlier in April this year as well as the Lentor MRT station on the TEL. Residents will be two stops away from the Cross Island Line (CRL), four stops from the Circle Line (CCL), and six from the Downtown Line (DTL).
GLS site in Dairy Farm Walk under the 2nd half of the 2021 government land sales (GLS) programme
The Dairy Farm Walk GLS site is one of two sites moved from the Reserved List to the Confirmed List and can yield 385 units with a site area of 1.56ha. It is right next to the German European School Singapore as well as the Dairy Farm Nature Park. The closest MRT station is Hillview MRT on the DTL.
The EC site at Bukit Batok West Ave 8 will be near the Tengah Garden Walk EC site which was recently awarded to Taurus Property SG for $603 psf. The 99-year leasehold site can yield 375 units with a site area of 1.21ha. However, the site is expected to fetch lower bids as it's not near to an MRT station.
The EC site at Bukit Batok West Ave 8 will be near the Tengah Garden Walk EC site which was recently awarded to Taurus Property SG for $603 psf. The 99-year leasehold site can yield 375 units with a site area of 1.21ha. However, the site is expected to fetch lower bids as it's not near to an MRT station.
GLS executive condo site in Bukit Batok West Avenue 8 under the 2nd half of the 2021 government land sales (GLS) programme
As we continue our journey as a nation, land constraint is a challenge especially for a small island state like Singapore. In the past, we could build new homes on swathes of undeveloped open land. Now, after 55 years of building and development, there are far fewer of these, and it has become more challenging to balance competing uses for land.
In order to continue providing good homes for Singaporeans, we will have to recycle previously developed land, some in matured estates and some in prime locations, like the city centre and the Greater Southern Waterfront.
Kiwi Lim from Huttons Asia believe these few confirmed GLS land parcel sites are not enough to satisfy the current strong domestic demand for residential properties and may trigger the enbloc market possibly before the end of 2022 next year. Future condo launches from enbloc sales will naturally cost more as developers need to pay more to acquire the land from enbloc owners and foot additional costs to demolish and possibly top up lease for leasehold enblocs. This will inadvertently see prices of new condo projects climbing upwards in the near future.
In order to continue providing good homes for Singaporeans, we will have to recycle previously developed land, some in matured estates and some in prime locations, like the city centre and the Greater Southern Waterfront.
Kiwi Lim from Huttons Asia believe these few confirmed GLS land parcel sites are not enough to satisfy the current strong domestic demand for residential properties and may trigger the enbloc market possibly before the end of 2022 next year. Future condo launches from enbloc sales will naturally cost more as developers need to pay more to acquire the land from enbloc owners and foot additional costs to demolish and possibly top up lease for leasehold enblocs. This will inadvertently see prices of new condo projects climbing upwards in the near future.
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Only 70 four-room flats are on offer at Telok Blangah Beacon in the mature estate of Bukit Merah.PHOTO: HDB
Young aspiring HDB home owners made a rush for the four-room Build-To-Order (BTO) flats in Telok Blangah, contributing to one of the highest application rates in recent years.
Telok Blangah Beacon HDB BTO flats are the most expensive units in the Housing Board's sales exercise this month. Located in the mature estate of Bukit Merah, a whopping total of 3,124 applicants competed for the 70 units of 4-room flats put on offer by HDB in the Telok Blangah Beacon project as at 5pm on Monday, 31 May 2021. The last time a BTO project drew such strong competition was in August last year, when 334 four-room flats in Geylang drew almost 15 applicants for each unit.
For first-timer applicants, only one in more than 28 applicants will get a unit. Second-time applicants face even bleaker prospects, with more than 412 applicants vying for each available unit.
Kiwi Lim from Huttons Asia said the overwhelming response for Telok Blangah Beacon is expected due to its proximity to the future Greater Southern Waterfront similar to another HDB project in the CBD in Tanjong Pagar called The Pinnacle at Duxton launched in 2004.
"Prices for these Telok Blangah four-room flats, which are located within walking distance of Telok Blangah MRT station, range from $602,000 to $710,000 is considered attractive as it is very similar to how another HDB BTO project: The Pinnacle at Duxton was priced during its launch as the most expensive BTO project in 2004" said Kiwi. "Back then in 2004, the property market was very weak and Pinnacle at Duxton was priced above double the price of typical HDB BTO projects in Fernvale. However, today in 2021, global cities around the word are seeing a boom in their real estate market, including Singapore. If we consider the added advantage that such BTO projects at the doorstep of The Greater Southern Waterfront is expected to enjoy amazing upside potential from the government's massive future developments there, you will understand why so many are keen to lay their hands on it."
"I recall Pinnacle at Duxton buyers were ridiculed and laughed at by friends in 2004 for buying The Pinnacle at Duxton HDB BTO. This truly is a repeat"
Telok Blangah Beacon HDB BTO flats are the most expensive units in the Housing Board's sales exercise this month. Located in the mature estate of Bukit Merah, a whopping total of 3,124 applicants competed for the 70 units of 4-room flats put on offer by HDB in the Telok Blangah Beacon project as at 5pm on Monday, 31 May 2021. The last time a BTO project drew such strong competition was in August last year, when 334 four-room flats in Geylang drew almost 15 applicants for each unit.
For first-timer applicants, only one in more than 28 applicants will get a unit. Second-time applicants face even bleaker prospects, with more than 412 applicants vying for each available unit.
Kiwi Lim from Huttons Asia said the overwhelming response for Telok Blangah Beacon is expected due to its proximity to the future Greater Southern Waterfront similar to another HDB project in the CBD in Tanjong Pagar called The Pinnacle at Duxton launched in 2004.
"Prices for these Telok Blangah four-room flats, which are located within walking distance of Telok Blangah MRT station, range from $602,000 to $710,000 is considered attractive as it is very similar to how another HDB BTO project: The Pinnacle at Duxton was priced during its launch as the most expensive BTO project in 2004" said Kiwi. "Back then in 2004, the property market was very weak and Pinnacle at Duxton was priced above double the price of typical HDB BTO projects in Fernvale. However, today in 2021, global cities around the word are seeing a boom in their real estate market, including Singapore. If we consider the added advantage that such BTO projects at the doorstep of The Greater Southern Waterfront is expected to enjoy amazing upside potential from the government's massive future developments there, you will understand why so many are keen to lay their hands on it."
"I recall Pinnacle at Duxton buyers were ridiculed and laughed at by friends in 2004 for buying The Pinnacle at Duxton HDB BTO. This truly is a repeat"
Launched on 29 May 2004, The Pinnacle@Duxton is the tallest public-housing project in Singapore and also one of the priciest. The project is situated at the 25,163-square-metre Duxton Plain on Cantonment Road, the site where the Housing and Development Board (HDB) constructed the first two Tanjong Pagar rental blocks in 1963.
The Pinnacle@Duxton consists of seven 50-storey blocks comprising 1,848 flats. Among its unique features are 12 steel sky bridges that link all seven blocks on the 26th and 50th storeys, forming a continuous sky garden, as well as an 800-metre jogging track on the 26th floor.
The Pinnacle at Duxton showcased innovative design approach to high-density, high-rise public housing that would optimise land use while meeting the changing lifestyle needs and rising aspirations of residents.
The Pinnacle@Duxton consists of seven 50-storey blocks comprising 1,848 flats. Among its unique features are 12 steel sky bridges that link all seven blocks on the 26th and 50th storeys, forming a continuous sky garden, as well as an 800-metre jogging track on the 26th floor.
The Pinnacle at Duxton showcased innovative design approach to high-density, high-rise public housing that would optimise land use while meeting the changing lifestyle needs and rising aspirations of residents.
The Pinnacle@Duxton is a 50-storey residential development in Singapore 's city center, next to the business district.[1] All seven connected towers are collectively the world's tallest public residential buildings, and featuring the two longest sky gardens ever built on skyscrapers, at 500m each.
The Pinnacle at Duxton is another HDB project that
is right beside the future Greater Southern Waterfront
In phase one of the launch on 29 May 2004, a total of 528 units in two blocks were offered for selection, with two flat types available: S1 (93 – 97 sqm) priced between S$289,200 and S$380,900 and S2 (105–108 sqm) ranging between S$345,100 and S$439,400. The HDB then offered all the 1,848 flats for public application after an astounding 3,149 applications were received during the initial launch.
The award-winning design; sky gardens; central locale; and convenient access to the Tanjong Pagar and Outram MRT stations, restaurants and supermarkets; as well as flexible layouts were factors that contributed to the Pinnacle’s immense appeal for prospective homeowners, in particular, young families and young urban professionals.
By the close of the launch in July 2004, close to 5,000 applications – more than double the number of flats available – were received by the HDB, enabling it to call for contractor bids for the construction of the Pinnacle under the built-to-order scheme.
The award-winning design; sky gardens; central locale; and convenient access to the Tanjong Pagar and Outram MRT stations, restaurants and supermarkets; as well as flexible layouts were factors that contributed to the Pinnacle’s immense appeal for prospective homeowners, in particular, young families and young urban professionals.
By the close of the launch in July 2004, close to 5,000 applications – more than double the number of flats available – were received by the HDB, enabling it to call for contractor bids for the construction of the Pinnacle under the built-to-order scheme.
View of the Greater Southern Waterfront from the 50th storey skybridge at The Pinnacle at Duxton.
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Extracted from Straits Times article on 31 May 2021
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Minister for National Development Lawrence Wong mentioned in an interview on 2019 The Government is working out a new pricing model for future public housing in the Greater Southern Waterfront, in order to mitigate the so-called “lottery effect” of obtaining a subsidised flat in a prime area.
It seems the best way to mitigate the so called "lottery effect" is to price the upcoming HDB BTOs close to the resale pricing of the surrounding flats of prime districts. Higher construction costs due to the Covid pandemic could also have caused prices to increase (click to read the article below).
It seems the best way to mitigate the so called "lottery effect" is to price the upcoming HDB BTOs close to the resale pricing of the surrounding flats of prime districts. Higher construction costs due to the Covid pandemic could also have caused prices to increase (click to read the article below).
Situated along the future Greater Southern Waterfront, the Telok Blangah Beacon Bukit Merah May 2021 BTO project is the first launch in the area since 2013. Notable amenities nearby include Mount Faber Park and VivoCity, with Telok Blangah MRT station located within walking distance from the BTO project.
Only 175 BTO units comprising 3-room and 4-room flat types will be up for grabs as part of the May 2021 Telok Blangah Beacon Bukit Merah BTO launch. This means that buyers can expect very heavy competition.
5-room flats will not be offered. As such, larger families or buyers planning on one may want to consider the other May 2021 BTO launches at Tengah and Woodlands instead.
Only 175 BTO units comprising 3-room and 4-room flat types will be up for grabs as part of the May 2021 Telok Blangah Beacon Bukit Merah BTO launch. This means that buyers can expect very heavy competition.
5-room flats will not be offered. As such, larger families or buyers planning on one may want to consider the other May 2021 BTO launches at Tengah and Woodlands instead.
Residents can enjoy easy access to various shops and eateries at Telok Blangah Mall, as well as the nearby Telok Blangah Market. For more retail and food and beverage offerings, VivoCity will be only a short bus ride away.
Future Telok Blangah Beacon Bukit Merah BTO residents, e.g. working professionals can reach City Hall and Raffles Place easily by bus. Telok Blangah Beacon Bukit Merah BTO residents working nearby business districts such as Mapletree Business City and the future upcoming Greater Southern Waterfront will enjoy working closer to home.
Telok Blangah Mall, Telok Blangah Market, and Telok Blangah Food Center are all just a short walk away from the Telok Blangah Beacon Bukit Merah May 2021 BTO flats. Future Telok Blangah Beacon Bukit Merah BTO residents can take a 15-minute bus ride to VivoCity to enjoy endless retail and dining options. Alternatively, Alexandra Retail Centre is a 15-minute walk away, where families can access a supermarket, pharmacies, bakeries, and other retail amenities.
Telok Blangah Mall, Telok Blangah Market, and Telok Blangah Food Center are all just a short walk away from the Telok Blangah Beacon Bukit Merah May 2021 BTO flats. Future Telok Blangah Beacon Bukit Merah BTO residents can take a 15-minute bus ride to VivoCity to enjoy endless retail and dining options. Alternatively, Alexandra Retail Centre is a 15-minute walk away, where families can access a supermarket, pharmacies, bakeries, and other retail amenities.
Nature lovers get to enjoy exploring attractions like Labrador Park, Mount Faber Park, and Telok Blangah Hill Park closer to home. Sentosa is also easily accessible for families, couples, and young children who want more recreational options. Most importantly, residents can look forward to the upcoming Greater Southern Waterfront, which promises new lifestyle and recreational opportunities as it takes shape over the next five to 10 years.
Given the prime location and attractive nearby developments in the pipeline, it is as expected that the prices for the Telok Blangah Beacon Bukit Merah BTO units do not come cheap. 3-room and 4-room flats start at $419,000 and $620,000 respectively and are the priciest of the May 2021 BTO launches.
As the Greater Southern Waterfront takes shape, flat owners in the area could potentially benefit from significant capital appreciation. Over the past year, resale prices for 3-room and 4-room flats went for as high as $375,000 and $478,000 respectively. The resale flat prices for this Bukit Merah BTO launch would probably exceed the above prices.
Kiwi Lim from Huttons Asia believe that if 4 room HDB flats in Telok Blangah is being priced around $655k, the prices of the HDB public housing units on the site of the current Keppel Club which is right in the Greater Southern Waterfront region may be priced much higher. He estimate that future HDB BTO flats at the former Keppel Club may possibly see prices above $750k for a 4-room BTO flat.
Kiwi believe prices of these upcoming BTOs near the Greater Southern Waterfront when compared to another iconic HDB project with towering 50-storey sky gardens overlooking the whole of Singapore situated at the doorstep to The Greater Southern Waterfront - The Pinnacle at Duxton which also enjoy the exclusivity of being right in the city at Tanjong Pagar look very very attractively priced (see below).
As the Greater Southern Waterfront takes shape, flat owners in the area could potentially benefit from significant capital appreciation. Over the past year, resale prices for 3-room and 4-room flats went for as high as $375,000 and $478,000 respectively. The resale flat prices for this Bukit Merah BTO launch would probably exceed the above prices.
Kiwi Lim from Huttons Asia believe that if 4 room HDB flats in Telok Blangah is being priced around $655k, the prices of the HDB public housing units on the site of the current Keppel Club which is right in the Greater Southern Waterfront region may be priced much higher. He estimate that future HDB BTO flats at the former Keppel Club may possibly see prices above $750k for a 4-room BTO flat.
Kiwi believe prices of these upcoming BTOs near the Greater Southern Waterfront when compared to another iconic HDB project with towering 50-storey sky gardens overlooking the whole of Singapore situated at the doorstep to The Greater Southern Waterfront - The Pinnacle at Duxton which also enjoy the exclusivity of being right in the city at Tanjong Pagar look very very attractively priced (see below).
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