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Demetris

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Leedon Green is another project that is about the launch in Singapore. It is a brand new project based on residential development in a very prosperous vicinity of prime 9th district in the river valley area. The condo is at a quite reasonable distance from Orchard Road.

Roxy-Pacific Holdings is the one who has launched this fantastic building. IF you don’t know then let me tell you that Roxy-Pacific Holdings is one of the recognized firms in Singapore. The company is renowned for acquiring freehold lands and for building small and affordable buildings in the most affordable prices. The Project is declared to be completed by 2023, but the condo was opened for sale in 2018 in October.

 

Amenities

Mainly the Leedon Green Condo is in the spot of River valley as mentioned above. Here the best thing is that it is a minor distance to Orchard Road. And not only this will you find out huge shopping malls around at the walking distance of about 9-10 minutes. All in all, we can say that you are going to get each amenity that is necessary near the green condo such as fast food joints, restaurants, food courts, supermarkets, schools, bank and much more.

Not only this but let me tell you that Robertson Quay is also at a little distance from the Leedon Green Singapore, where you can enjoy the mix of wines at bars, bistros, pubs, alfresco dining and much more.

Shopping and groceries stores near Leedon green

Other accessible things are the shopping malls and grocery centers; then there are many centers near the green condo. Some of them are cold storage The Star Vista, Holland village, Cluny court, Sheng Siong Hypermarket and NTUC FAIRPRICE.

 

Other recreational places that you can enjoy

If you love sports, then there are some places near Leedon green that you can explore, such as Archery Club, Tanglin Golf Course, and Queenstown Stadium, etc.

 

Luxurious lifestyle facilities

One of the most luxurious lifestyle parts that I found here is the night time vicinity of the River Charm that is a perfect mixture of an old and new tradition. So, you will have a great time spending time having its view.

Features

The condo flats are all about the features they provide to the residentials. So, let’s have a look at some of the features of the Leedon green condo so that you can have a better idea of what are the best and unique things about the apartment.

  • The apartments are luxurious and are exquisitely designed to provide a high comfort level to the residential.
  • It is located in the prime district of Singapore making it enticing and even more appealing
  • MRT stations are at a very less distance to the condo
  • Last but not the last is that it has a progressive payment scheme

These are the highlighted features of the Leedon green condo Singapore, which makes the people compelled to have their own flat and why shouldn’t it be like that when the condo building location is quite fundamental.

Reasons  to consider  –

When searching for the next place to create your home convenience is a great element to take into account. Well, future residents of One Pearl Bank condo will appreciate the convenience that prevails in this part of Singapore. With nearly everything in this condo location located right near your home, you get to live a more comfortable lifestyle. Amenities and facilities are in abundance so that you don’t have to cover long distances to bring supplies.

Contrary to the old District 3, this region has become transformed into a vibrant enclave packed with several developments that suites residential living. You can find a plethora of food choices, boutiques, shopping destinations and much more around the neighborhood. To give you a glimpse of what this area has to offer, here are some of the things that you can look forward to enjoying during your stay at One Pearl Bank residences.

Proximity to many places

Situated close to the CBD, the advantage you get living at One Pearl Bank is exceptional. This area is well connected with roads and MRT lines that deliver quick transport. With an excellent transportation system, accessing a variety of facilities in the area is made possible. You’ll be able to save lots of times traveling between places.

The future residents of One Pearl Bank can get anywhere they need using their cars or the multitude of bus services provided in the area. The roads make travel across the area a breeze. One Pearl Bank is located near NE3 Outram Park, NE4 Chinatown MRT, and EW16 Outram Park.

Outram Park is the closest train station to One Pearl Bank, other channels around the area offering complete train companies include Queenstown, Redhill, Tong Bahru, and Commonwealth.

Prospective residents of One Pear Bank will enjoy the convenience they get from the established transportation network coupled with the proximity to a plethora of amenities and facilities which provide for their day to day requirements.

PROXIMITY TO SCHOOLS NEARBY ONE PEARL BANK CONDO

District 3 does not just deliver vibrancy; it’s packed with several educational institutions which will provide for the needs of households with school-going children. The schools are conveniently situated enabling your children to get to school on time. Besides, the area is well connected making commuting to colleges easy.

With the availability of schools which cover almost all of the educational levels, parents residing in District 3 should have no worries. With proximity to the CBD and fantastic transport network, parents may even drop their children to college as they head to work.

ONE PEARL BANK — NEARBY SHOPPING CENTERS

Residing at One Pear Bank condominium will appreciate the access to unlimited shopping spots. The shopping paradise features enough malls to provide for whatever you may need during your stay in district 3. The majority of the shopping malls feature eateries, banks, grocery, supermarkets, fashion stores, cosmetic stores and much more. Besides, the majority of the malls are just a walking distance away from your house at One Pear Bank delivering utmost convenience that you will enjoy.

When you will need a through retail therapy, just visit the nearby Pearls Centre just 6 mins walk away. The shopping malls boast of about 199 shops providing various services. Some of them include hairdressing salons, traditional Chinese medicine stores, beauty centers, coffee houses, travel agencies and more. It is just next to Outram Park NE3/EW16 and Chinatown NE4 MRT making accessing the mall simpler. The One pearl bank floor plans and layouts will also impress you.

Good Entertainment and food

Clarke Quay is another incredible shopping area next to One Pearl Bank. Clarke Quay features several godowns and warehouses which haved been transformed into an entertainment and playful lifestyle centre. It has several retails shops, entertainment spots, wine bars, restaurants and more. It is a great place to visit if you want to experience a bustling market atmosphere.

Tiong Bahru Plaza is also a great place for shopping. Other retail options you have around include Chinatown Point, Concorde Shopping Centre, IKEA Alexandra, Alexandra Central Mall, Amara Shopping Centre, icon Village, 100 AM Shopping Mall and Anchorpoint. Queensway Shopping Centre makes a good choice for sports and fitness fans as it features several established sports brands.

The respectable Orchard Road shopping belt is only a couple mins drive away. Access to Orchard Road enables the prospective residents of One Pearl Bank to store in the world’s famous shopping destination. This place offers a cutting-edge shopping choice featuring flagship designer boutiques, restaurants, entertainment options and more.

SINGAPORE – The other real estate broker was charged with renting out residential properties for illegal stays.

Joel Su Jiqing, 38, is currently facing six counts of renting properties for less than three months, the minimum period of stay. He was charged on May 19.

Two of the apartments are in #1 Attic, an 80-unit condominium in Geylang, based on court documents.

Although the last is a terrace house another three are components in condos.

Su was at the State Courts on Tuesday (June 25) to get a court hearing. No request has been taken and the case has been adjourned to Aug 30.

The Straits Times understands that this is the fourth instance of prosecution for a violation of the Urban Redevelopment Authority’s (URA) principles on short term rentals.

May 2017 was kicked on by rules making dwelling sharing prohibited, also in May 2019, the URA explained that these laws would remain.

Property representatives were fined $60,000 annually for supplying stays at D’Leedon at units.

In August 2018, a 35-year-old guy was fined $13,000 for leasing out his condominium unit along Flora Road occasions.

And in January 2019, a guy was fined $70,000 for letting out many properties in Mackenzie Road regions along with the Pertain Road for such stays. He was recorded as the renter for all these units.

The supply from new releases is identified as one of the downside risks.

Real estate developers in Singapore remain largely pessimistic over their expectations for the property market in 2019 amidst local financial uncertainties like tight competition, international headwinds and an surplus supply from en bloc sales, according to responses to the Real Estate Sentiment Indicator (RESI).

Therefore, the overall opinion stood at 4.3 in Q4, 0.3 higher compared to Q3, representing how sentiments are recovering from the consequences of these cooling measures imposed by the authorities in July 2018, the report noted.

“In Q4 2018, the economists identified decline in the worldwide market, rising inflation and interest rates and excess supply of new property launches as the top three possible risk factors that may adversely affect the market sentiment in the next six months,” the parties added.

That having been said, 45.2% of programmers surveyed indicated they would substantially increase their new launches, whilst 38.7% said they would moderately do so, the report emphasized. Only 6.5percent of those respondents said that they launch moderately less in the next six months.

By sector, the office market was observed since the strongest with the current and internet balances standing at 46% and 48%, respectively in Q4 2018.

Serviced apartment business and the hotel came in with future internet accounts of 28% and 20 percent second. However, residential sectors and the prime were the markets with a current balance of -48% and -49%, respectively.

In terms of unit price change, nearly a third or 29 percent of the programmers expect residential property costs to moderately increase in the forthcoming months, whilst 45.2% expected prices to stay at unchanged. A quarter or 25.8% predicted a moderate drop in costs, on the other hand.

“Based on the responses, local and foreign investors are most likely to be affected by greater Additional Buyer’s Stamp Duty (ABSD) that will significantly increase transaction costs of investors when purchasing the second and subsequent homes,” the parties commented. They included that the tighter loan limit will influence price-sensitive Housing and Development Board (HDB) upgraders and personal possessions more compared to foreign investors.

“The higher ABSD measure impacts en bloc property owners over the tighter loan limitation measure because greater ABSD incurred when purchasing a replacement home will reduce the en bloc sale profits,” they further explained.

Nearly all or 95.1% of respondents reasoned that July’s cooling measures will continue to impact the property market in 2019, together with around 82% mentioning the en bloc market is going to likely be hit hard in the coming months. A bit over half (50.8percent ) are optimistic the government will not introduce further cooling measures in 2019.

What is property banking and how does the work of property banking work?

Land banking is the practice of aggregating parcels or blocks of property for development or future sale, at lower or market prices. A property aggregator aggregates land by tracking the topological and geographic locations, which are primed for investment, according to social infrastructure and demographic elements. Generally, the land originates to the aggregator within an unprepared format, wherein, he prepares the title reports, property border, zone regulations, conversions, registrations, approvals and sanctions for the property, and, the property is primed for sale or development. Land aggregators then, wait to value buy land, sell the exact same for a profit to investors, developers and other interested parties.

Organisations that participate in property banking

1. Federal, state and local governments: Government agencies use land banking to encourage long-term civic preparation or to support future economic development. Municipalities gain and maintain ownership of land to be utilized for new streets hospitals, schools or even for improvement efforts.

2. Firms: A town’s master plan, which summarizes the infrastructure that’s planned for a place, can function as a guide to plan the procurement of property. The aggregators maintain and can purchase pre-developed or undeveloped land parcels, which anticipated to rise in market value.

3. Universities and non-profit entities: Faculties and non-profit entities buy land for future growth and/or expansion in public interest.

4. People: Owning properties, such as property, provides a sense of security. Folks can use land as wealth production vehicles, either because of their retirement programs, to create a family legacy, or to pay for their kids’ education.

The benefits of property banking, for sellers and buyers

Benefits for buyers

Appreciation of this property’s worth: Property is one of the few assets that appreciate over time. Buying land, with high growth potential, at or near guarantees value deliverance. If the land is secured at a time when demand is reduced, which also means a lower acquisition cost, a substantial gain can be made in the future, once the requirement is high.
Worth addition: Value addition to the website is possible, by acquiring property development approvals and then, over time, proceeding with land development. Value addition makes the land more attractive for developers, who might be ready to pay a premium to get it. Alternately, the property banker may elect for financing and continue with land development.
Gains for sellers
Above-market rates for the land: Land bankers generally purchase lands at rates above market value and extend no substantial return on investment at the present time of purchase. Hence, the seller receives an above-market rate on his or her territory.
Elimination of risk: The vendor can get rid of the element of danger attached to his property, in the event that it features no significant return on investment, because of its unsuitability for agricultural or commercial functions.

Convenience to key Urban centers and cost efficiencies are forcing a co-living trend

Based on JLL’s recently published Co-living in Silicon Valley – Asia Pacific file, that the co-living marketplace is taking off in Asia Pacific as more people migrate to cities for jobs or schooling opportunities. This is opening up new opportunities for property investors and developers around the area.

With property prices increasing in gateway cities, co-living provides residents briefer and more flexible lease terms in contrast to ready-to-move-in convenience, as well as condos. As demonstrated by a case study from the report, operators can save as much as 25 per cent in costs within the renting model.

At precisely the exact same time investors also stand to benefit from savings. By working together with operators who play with a function – the construction manager who manages maintenance, land manager who collects rent and letting agent who resources for tenants – it eliminates the need to cover the three different layers of penalties at a property that is classic.

“Co-living bridges a home gap that conventional living categories do not support,” explains Rohit Hemnani, COO and Head of Alternatives, JLL Asia Pacific. “Since co-living spaces are fully furnished with maintenance and cleaning services, tenants only have to deal with a single operator instead of paying for deposits, utilities, furniture, and representative fees.”

“Most co-living operators are advantage light, so that they work out of a profit-sharing rental or management agreement, while others prefer fixed market-based leases where they could guarantee landlords a fixed income over a longer period. Because of the ability to scale operations, co-living operators can potentially provide greater incomes to land owners and deliver efficiencies around cleaning, utilities and furniture.”

Although the industry is in its early stages of development in many parts of Asia Pacific, JLL forecasts that it will evolve to appeal to a broader and bigger tenant base with time.

Touted as two of Asia’s costliest cities to live in, Singapore and Hong Kong have a few of established operators. Singapore has seen its fair share of co-living investments, such as the funding of Hmlet from Sequoia India and Aurum Investments and Singapore Management University’s partnership to handle lyf@SMU. Hong Kong hotels and apartments are turning to spaces as building owners seek to enhance rental yields.

Denis Ma, head of research at JLL at Hong Kong stated,”The shift away from simply a kind of affordable home towards a lifestyle choice can also be drawing a new wave of investors into the Hong Kong co-living industry. A number of new approaches have started where rents that are on par, if not higher, than in the private rental market. The success of the new schemes is redefining the fundamental assumptions used in underwriting co-living investments”

Elsewhere, the growth of the multifamily rental market of China has made it one of the most developed co-living markets in the world. Developers have actively bidding on property sites set up their own branded operators and earmarked for rental property.

By comparison, Australia was lagging behind taxation policies on residential businesses and due to the undersupply of multifamily en bloc goods. But market prices are softening, prompting more programmers to shift towards the burgeoning built-to-suit sector.

“Over time, we’re very likely to see co-living have a higher market share in Asia Pacific as tenants continue to push demand and investors chase higher yields. Higher consolidation action can also be on the cards as smaller players will get absorbed by larger players with greater built-to-suit products offered in the current market,” finishes Nick Wilson, Head of Capital Markets Research, JLL Asia Pacific.

Singapore property and rent prices are predicted to increase in 2019, with the increase of capital investments from the cross-border industries. Singapore has been the most priced silicon hub for the industries, and hence, the cost for the public as well as private sectors have increased at a significant rate.

According to the rise in the rates for private homes in the second half of 2018 has been studied and the prices for homes are predicted to rise at least 5 percent in 2019. Singapore housing market is assumed to be overpriced. However, there is a need for improving demands and supply in the hub.

As the housing demand increases in Singapore due to the rise of industries, the supply is starting to decline due to insufficient private land area. We see the rise in the potential demands from the HDB owners who are eligible to upgrade their apartments after meeting their five-year minimum occupation period requirements. HDB is the biggest contributors to the demands of the multinational companies in providing the apartments which they buy from the public developers.

Singapore property

In 2017 and 2018, nearly 20 billion Singapore dollars were spent for the bloc payouts. These payouts are yet to be deployed back into the property market. Most of the private developers have to pay back to the industries, and this is the year, which will constitute the maximum amount of investment. The deployment is supposed to boost S$10 billion sales-per-year condo market.  As the household revenues have reached new heights, the GDP growth remains the same for Singapore. As the mortgage rates continue to rise,  the home prices will continue to rise.

Other sectors, such as malls have also increased their rents to one percent compared to 2018 after a five-year decline.  It is supposed to grow even more in 2019 but at a slower rate. As the supply is limited, the prices for hotels also predicted to increase at least one percent. In 2018, the prices increased three percent. 2019 will slow down the rates of biennial meetings, incentives, conventions, and exhibitions (MICE) event, which has reduced the guests to arrive in Singapore for stays.

Real Estate

The industries, however, demand less than what is being supplied to them. Industrial rents will inflect in 2019 after a slight decline in 2018. The possibility of gaining growth in the economy due to the rent have been predicted as positive. There has been an improvement in the leasing interest in the logistics space. The industrial tenants have been holding back to expansion plans since 2018 in public housing, which will increase the rates of the rents if paused for a longer period due to more demand and lesser estates for industrialists.

Hong Kong has surpassed London for being the most expensive office market in 2019. According to the reports from CBRE, the average costs for leasing the best office space in the market for the best location has increased by 3.6 percent globally in the past year. Today the most expensive markets for offices are Hong Kong Central with $322 per sq. Ft. per year and London’s West End with $222.70 per sq. Ft.

As the market for Hong Kong increases, Asia gains more market overall with 14% in the first quarter of 2019. Asia sets a new world record with 45 billion dollars invested in the market. Hong Kong’s position has dropped to sixth place in the world’s most liquid investment markets and dropped from fourth to fifth place on cross-border investments especially in the regions of Hong Kong, Singapore, Shanghai, and Beijing.

investment

 

New trend rise

Although Hong Kong faced a slight depression by the end of 2018 and performed weaker in the first quarter of 2019, now the market is tending to raise again. Today the investors are positive that the trend will continue to grow throughout the year. Joseph Tsang, the managing director at JLL in Hong Kong, comments that the industrial properties will outperform in the property investment market, due to new measures in the Government’s Revitalization Scheme.  The central government is a major carrier of all the processes in industrial levels in Hong Kong and Singapore. With the government’s “Greater Bay Area” initiative, Hong Kong is developing links with Macau and other cities of the pearl river delta. Local and foreign investors are now targeting assets for the capitalization on future growth.

 

Foreign investments on the rise

Foreign investments have increased in China the highest investment done by both domestic and foreign groups have been estimated to be 3.4 billion US dollars, which is the highest quarterly record up until now. The CBRE has pushed out reports on the market occupancy cost in the first quarter based on a central location, modern infrastructure and transit options, including prime social amenities and Hong Kong Central,l stand on the top of the list followed by London, Hong Kong, New York and Beijing. The rates fall down to upto $187.77 per sq. Ft. in Beijing, which is still considered a high value.

According to the reports, an investment of 2.6 Billion dollars was done for cross border capital globally in Shanghai. This has been the second city in China to be on the top of the list for the maximum capital investment in the Industrial sector. Other than China, Japan has also been a strong performer. When Hong Kong experienced a decline in year-on-year investment activity, Tokyo was the most active city in transactions in the first quarter of 2019. Domestic groups and primary corporate accounted nearly 83% of the real estate investment.

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