New condo launches see positive demand
By Kwok Wai/Sara Grosse | Posted: 23 March 2013 2038 hrs
SINGAPORE: Recent condominium launches have yielded positive response, with an analyst attributing the strong demand to fears among some buyers of another round of property cooling measures.
There were six condominium launches this month.
At Hillion Residences, located at Bukit Panjang, more than 50% of the 250 units released in its first phase have been sold.
Its developer said that 70 percent of buyers are investors.
MediaCorp understands that Bartley Ridge at Mount Vernon, launched this weekend, has sold more than 200 of its 300 units.
Other projects in Pasir Ris, Tanah Merah, Potong Pasir and Clementi are also seeing positive response.
The last round of property cooling measures introduced in January includes a higher buyer's stamp duty, tighter loan-to-value limits and higher minimum cash downpayment for second and subsequent housing loans.
It was the seventh round of property-cooling measures introduced since 2009.
Steven Tan, managing director of OrangeTee, said: "Generally the current buying sentiment is still very strong, mainly due to the reason that economic fundamentals are still very bullish. For example, the GDP, the stock market, the job environment.
"With more and more new launches coming up in the next few months, I do expect that the sales volume of the residential property market will continue to pick up."
- CNA/ir
- wong chee tat :)
Showing posts with label Hillion Residences. Show all posts
Showing posts with label Hillion Residences. Show all posts
Sunday, March 24, 2013
Thursday, March 21, 2013
Hillion Residences launched in Bukit Panjang
Hillion Residences launched in Bukit Panjang
By Brandon Tanoto | Posted: 21 March 2013 1928 hrs
SINGAPORE : The first mixed-use development in the west - Hillion Residences - was launched by property developer Sim Lian on Thursday.
The 99-year leasehold private condominium in Bukit Panjang integrates residential living with a retail mall and an air-conditioned bus interchange.
It will be also be linked to the existing LRT station and upcoming Bukit Panjang MRT station in 2015.
The project consists of 546 units, comprising one- to four-bedroom units and penthouses across three residential blocks.
A total of 250 units will be released for sale in Phase One, with a discount of up to 10 per cent for the initial launch.
Since its preview on Monday, 50 per cent of these 250 units have been sold. The preview was open to business associates and buyers who registered their interest early.
Sim Lian said prices start from S$668,000 for a one-bedroom unit, S$886,000 for a two-bedroom unit, S$1,464,000 for a three-bedroom unit, S$1,662,000 for a four-bedroom unit, and S$2,780,000 for a penthouse unit.
The development is also located near schools like CHIJ (Our Lady Queen of Peace) and Zhenghua Primary School
Executive director of Sim Lian Group, Kuik Sing Beng, believes that the development will be attractive to a diverse range of home buyers like "families and HDB-upgraders, singles and retirees seeking convenience and investors seeking to enhance the value of their property portfolio".
Hillion Residences is expected to receive its Temporary Occupation Permit in September 2018.
- CNA/ms
- wong chee tat :)
By Brandon Tanoto | Posted: 21 March 2013 1928 hrs
SINGAPORE : The first mixed-use development in the west - Hillion Residences - was launched by property developer Sim Lian on Thursday.
The 99-year leasehold private condominium in Bukit Panjang integrates residential living with a retail mall and an air-conditioned bus interchange.
It will be also be linked to the existing LRT station and upcoming Bukit Panjang MRT station in 2015.
The project consists of 546 units, comprising one- to four-bedroom units and penthouses across three residential blocks.
A total of 250 units will be released for sale in Phase One, with a discount of up to 10 per cent for the initial launch.
Since its preview on Monday, 50 per cent of these 250 units have been sold. The preview was open to business associates and buyers who registered their interest early.
Sim Lian said prices start from S$668,000 for a one-bedroom unit, S$886,000 for a two-bedroom unit, S$1,464,000 for a three-bedroom unit, S$1,662,000 for a four-bedroom unit, and S$2,780,000 for a penthouse unit.
The development is also located near schools like CHIJ (Our Lady Queen of Peace) and Zhenghua Primary School
Executive director of Sim Lian Group, Kuik Sing Beng, believes that the development will be attractive to a diverse range of home buyers like "families and HDB-upgraders, singles and retirees seeking convenience and investors seeking to enhance the value of their property portfolio".
Hillion Residences is expected to receive its Temporary Occupation Permit in September 2018.
- CNA/ms
- wong chee tat :)
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