The parcel of lands located at Jiak Kim Street as well as the Fourth Avenue tenders was officially closed on 5th Dec Tuesday. In reference to the Urban Redevelopment Authority, the former received a whopping S$955.4 million top bid with the latter getting the highest bid worth S$552.96 million. The Jiak Kim Street land parcel would be developed to the newly announced Riviere Condo by Frasers.
The segment of the land found at Jiak Kim Street which was formerly occupied by Zouk night club attracted a totaling 10 offers from well financial oiled bidders while the prime land sitting at the famous Fourth Avenue was eyed by seven bidders.
These two segments of lands located at Jiak Kim Street as well as the Fourth Avenue were on 19th Oct 2018 as well as 2nd Nov 2018 respectively officially launched for public tender which attracted so many developers eyeing to acquire them for future developments. They were all provided for a 99 years lease sale. Among the bidders was
The prime parcel of land at Jiak Kim Street was successfully acquired by Frasers Centerpoint Limited making it the highest land price ever achieved based on square foot for government land sales at its name would change to Riviere Condo.
All Green Properties emerged as the successful bidder of the lucrative piece of land located at Fourth Avenue. This developer also managed to secure a freehold piece of lands located at Royalville as well as the Crystal Tower. Currently, the developer has set all its eyes on acquiring a site located next to Bukit Timah.
Before tendering the sites located at the Jiak Kim Street as well as the Fourth Avenue, they were listed as the reserve lands by the Government in the Land Sales department which had made them not for sale.
Christine Li, a director of research at a famous real estate firm Cushman and Wakefield, said, there was a rife contest for the prime sites at Jiak Kim Street and the Fourth Avenue, with both locations having a set benchmark price.
The successful bidders are looking forward to the appreciation of the land’s value to almost to ten percent which may see them yield big from their future developments. With this in their minds, they have not missed the ladder since all market players are expecting a significant rise in land prices with over ten percent. If this will come to pass, they will have a big return on the investment.
Tay Huey Ying, who heads research and consultancy at the JLL real estate agency, says, the key aspect is that the local developers should make sure that they are acquiring all the key sites located at the central district and keep off foreigners from such as CSC Land from China as well as Kashings Japura Pte Limited which is a Hong Kong mogul from acquiring sites in these prime areas of Fourth Avenue and Jiak Kim Street.
On 29th September and 31st October, the two sites Jiak Kim Street and the Fourth Avenue sites respectively applications for sales were allowed to go on by the URA.
The tenders are to be awarded to the appropriate bidder once the evaluation process is through.
Riviere Condo by Frasers project details have been since announced on the official site.
With the property market finally back on track, an Oxley-led consortium is enticing home purchasers with its most recent offering – Affinity at Serangoon.
This new project is located along Serangoon North Avenue 1 in District 19. It is set in the midst of lavish finishing reminiscent of an extravagant resort and contains 1,012 residential units, 40 exclusive strata landed houses and five retail shops.
This condominium project is made up of three islands in which residents are free to island hop to access its extensive facilities (88 of them in total).
Are you a fitness enthusiast? The floating gym which overlooks over 90m of water features will definitely not let you down.
Also, it has perfect venues and facilities like the sky barbecue and alfresco kitchen and dining space for you to hold parties and spend quality time with your dearest family and friends.
Nature fanatics can immerse themselves in the greenery as they stroll along the forest boardwalk and appreciate the serenity in the backwoods cabanas.
A humongous project
Despite being a relatively large-scale project, our homegrown developer is positive on embarking it. The Oxley-led consortium has formed a strategic partnership with powerful joint ventures that have desirable past achievements in construction. This gave them stronger conviction to undertake this project, understanding that there will be improved quality control and prompt delivery of work.
In addition, the location of this project is really good. Its average land cost is about $835 psf per plot ratio, which is relatively cheaper than the others.
A diverse populace
Since the development offers a broad range of unit types, from one-bedroom units all the way to as huge as five-bedroom strata landed homes, it has wooed a good mix of buyers. You can see individuals, newly-wed couples, small families, big multi-generational families and even investors.
Affinity is close to almost anything that you will need. For instance, you have a gigantic shopping mall like Nex shopping mall, a food heaven like the Chomp Chomp Food Centre, and many other amenities like the Serangoon Gardens Market and Serangoon Community Park.
Parents do not have to worry about lack of good schools around the area. Right within the vicinity you can find plenty of them which includes Rosyth Primary School, Zhonghua Primary School, Nanyang Junior College, the French School and Australian International School.
Car drivers are going to love this location even more as Affinity is so accessible to other parts of the island! You are connected via major expressways like the Central Expressway, Seletar Expressway, Tampines Expressway and Kallang-Paya Lebar Expressway.
This development, being named Affinity, is designed with the community in mind. It is aimed to make residents feel a sense of belonging towards the place they live in and closeness with the people living around them. The community places a very important factor when making a home purchase decision. You want to live in a place where you feel belonged, safe and warm. Home is where you retreat to after a tiring day at work and you want to come back to somewhere you feel deeply bonded to.
Learn More: https://affinityatserangoonville.sg
The Amber Park (Now The Opus) in Singapore which covers a 200-unit development in Amber Gardens has been sold to two privately owned companies. The Hong Leong Group purchased Amber Park for a value estimated to be S$906.7 million.
Among the units involved in Singapore’s latest collective sale of Amber Park are listed Hong Reality and the City Developments’ fully-owned subsidiary Cityzens Developments(CDL). Hong Reality as a shareholder of this project holds a 20% stake. Besides, it is the private real estate branch of the Hong Leong Group.
According to the 2014 Master Plan, the Amber Park site(approximately 213,670 sq ft) is meant for residential use. The gross plot ratio was to be 2:8. Depending on the technical height regulations imposed by concerned authorities, Amber Park Site may be renovated and developed so that it can sustain the increase apartment development of about 24-26 storeys.
In a statement, on Wednesday,4th of October, Mr.Tan Hong Boon(regional director at JLL) said that so far they have received eight bids for tender. He also claimed that the bids for tender is very competitive and it is keenly contested.
Sources indicate that the value(S$906.7 million) under which Amber Park was sold translates to a land rate of around S$1,515/sq ft per plot ratio. This is in reference to the initial gross plot ratio of 2:8. Remember, development fees are not payable for the proposed development. History shows that this the 4th time that Amber Park was offered for sale collectively.
Mr.Tan in his statement claims that apart from Amber Park Site in Amber Road location, there are no many sites of the same size that are there for redevelopment in Singapore. He says that majority of the bigger projects have been sold en bloc. They have also been redeveloped for the last couple of years.Mr.Tan also noted that there is a high chance of Amber Park being one of the last collective sale sites that has a land area of over 200,000 sq ft in the city.
Under the sale which the Park was sold, its owners anticipate getting gross sale proceeds that range from S$4.3 million to S$8.3 million for every owner. Elsewhere, CDL claims that is conversant with the District fifteen locale.CDL is proud of itself by developing the current 200 unit Amber Park in 1980s and finished it in 1986.
Hong Reality and CDL are planning to redevelop Amber Park Site to become a want way destination for people in Singapore. The site will consist of four storey building that has up to 800 units with a basement carpark. This proposal is subject to approval. Majority of apartments will comprise of a North to South facing orientation. Most units will also have commanding sea views.
Mr.Kwek Sherman( CDL C.E.O/designate) noted that when they won tender for redeveloping Amber Park in 1980s, it was one of the most vital investment deals in the country of Singapore residential market in recent times. He says that they were honored to redevelop the site into an iconic landmark(for the opus) that offers freehold status in Singapore.
Learn More: https://theopus-official.sg
As a real estate proficient, you comprehend that one of the main places your potential customers go when searching for a house is on the web. Actually, 94 percent of twenty to thirty year olds and 84 percent of children of post war America went online to locate their future homes. That is the reason it’s so vital to ensure you’re prepared to draw in them in the advanced space in a way that means real-life business.
Building up your online nearness is basic enough. Setting up a site, sending messages to prospects and posting via web-based networking media are top approaches to achieve prospects on the web. The precarious part is making sense of how to use those apparatuses in a successful way that builds up your image, connects with your clients and gets you leads.
Here are some approaches to ensure when purchasers go online to search for a home, they discover you.
The web has made it less demanding than any time in recent memory for real estate operators to give a valuable support of their prospects. That is the reason it’s so critical to exploit these computerized apparatuses and make a coordinated online nearness, driving more qualified prompts your website.
As a land operator, one of your most imperative jobs is that of advertiser. You’re showcasing your customers’ properties. You’re showcasing your locale to potential purchasers. You’re always advertising yourself and your administrations. Is it accurate to say that you are new to the business? Continue perusing for some accommodating rules that you can use to commence your land advertising endeavors.
Having a land site is frequently the initial step to building your contact database and drawing in new leads. The National Association of REALTORS® found that of the majority of the specialists who made more than $150,000 a year ago, 82% of them had their very own operator sites. This was notwithstanding the profile pages bolstered by their financiers’ sites.
To transform your site into a strong lead generator and marking instrument, you ought to watch a couple of best practices. Here are the components of a triumphant land site:
The best delivering specialists have sites that exploit every one of these components to draw in guests and inspire them to stick around a while. At that point they reach them by deliberately setting contact data, pamphlet information exchange boxes, and connections to web based life stages.
Internet based life is another imperative part of online land advertising. When building up a web based life technique, you will likely motivate clients to go to your site. Utilize your online networking nearness to start premium. Empower your devotees and companions to tap on pictures and connections that will take them specifically to your site. A few operators miss this point and utilize their Facebook page to immerse their devotees with property postings. Your site is the place for your postings. Your web based life stages are useful in getting individuals there, however you need to do it without always pitching your administrations.
“You’ve never observed a washroom like this one preceding. It is found only outside of [city]. The open house is this end of the week and I can hardly wait to see it face to face.”
Incorporate an inside photograph of this sublime element with insights about the open house. Presently you have individuals keen on going to your open house, as well as heading off to your site to take a gander at different photographs.
On your site, make it simple for clients to share your postings via web-based networking media by including Twitter, Facebook, and Instagram share catches.
As critical as your online land advertising methodology may be, keep in mind that it runs as an inseparable unit with conventional print promoting. When you get your land permit, have your business cards printed up. Convey them wherever you go, and hand them out at whatever point the open door emerges. Notwithstanding business cards, you’ll need to put resources into yard signs, promoting insurance pieces, (for example, purchaser and vender guides), and other substance you can impart to customers.
Utilize great quality postcards to send refreshes about up and coming open houses to those on your contact list. Likewise, make certain to have amazing pamphlets and flyers close by at all of your open houses and at any systems administration occasions you go to.
Joining proficient land associations is an awesome method to connect with different specialists. Despite the fact that land is an exceptionally focused field, operators advantage from systems administration with one another. You’ll likely turn into an individual from your state and nearby overseeing body, and perhaps the National Association of REALTORS®. Yet in addition consider bunches like the Rotary Club, the Young Professionals Association, and different gatherings that advance administration and expert development.
The way to any land showcasing system is to limit it. You are contending with all other land specialists working in your general vicinity. You need to emerge from the rest. One approach to do that is to take part in nearby occasions, philanthropies, and causes that you have confidence in. Not exclusively will you do useful for your locale, yet you’ll additionally meet similarly invested individuals. Ideally, you will be top-of-mind when they require land help or counsel.
Keep in mind that land advertising is an essential an aspect of your responsibilities. To be fruitful in your land profession, consider executing both a print and web based showcasing technique. From a land site to print publicizing, web based life, and network contribution, utilize every one of the devices available to you to dispatch a strong land advertising effort.