Buying A Home
Buying A Home Property News

Why the Property Curbs cannot Stop The Rich And Famous From Buying A Home Here

The study found that aside from the unit in Also confessed that trades of luxury condos at the center central region (CCR) crashed 40.5percent QoQ to 569 units in Q3. Requirement for condos worth 3m and above nevertheless remained healthy at 187 units that is higher when compared with five-year average sales of 173 units, […]

FROM OUR BLOG

Everything You Want to Know the New Sky Everton Condo

Sky Everton is a newly launched residential development project. This new project is taking place on the former location of Asia Gardens. This new project will house 262 luxurious residential apartments in a 36 story building. Therefore, aspiring Sky Everton Condo buyers are quite excited about this project.

Sky Everton is one of Singapore’s recently launched residential projects. It is going to feature a 36 story tower which will house 262 condominiums in total along with 4 story car parking. It is also going to features a large basement along with communal facilities. Sustained Land has stated that this project will comprise mix units which will range from 1 bedroom, 1+study to 6 bedroom penthouse. It is going to feature all types of apartments with luxurious accommodation facilities.

Site location:

As you can check on the official Sky Everton project website, this new building is going to feature all types of units for all types of potential buyers. There will be no short of options when a potential buyer will consider his needs and the location of the site. This site is located close to the Outram MRT and Chinatown MRT stations. Therefore, the transportation facility is great on this city.

This particular project is expected to draw many buyers from Singapore’s Central Business District because it is located quite close to this region. It is located at the prime district 2 location, which is just a few minutes away from Tanjong Pagar (the starting point of the Central Business Region in the city). The site is also located at a very short distance from the upcoming MRT station.

The location is simply impressive because of ease of commuting. There are several parks located around the site, which will be residents’ favorite places for leisure. People living in the high story apartments will get a clear view of the sea. Only a few residential buildings provide such impressive features and Sky Everton by Sustained Land is one of them.

Notable facilities:

Sky Everton is located on a prime location in Singapore. It is just a five minute drive away from the famous Orchard road and only 10 minutes away from the Central Business District and Marina Bay Financial District. People who constantly visit these locations in Singapore will find Sky Everton an ideal place to accommodate. It is also pretty close to the rejuvenated Chinatown which features numerous cafes, hotels, pubs, bistros, art galleries, and shopping centers.

All the units are going to provide luxurious apartments for high standard accommodation. The residents will get all the modern amenities they seek to live a happy and comfortable life. That’s why this project is drawing many potential buyers.

Why to buy an apartment at Sky Everton?

Some key reasons to invest in the Sky Everton apartments will be the following:

  • This project is a very rare freehold development taking place in the District2 region.
  • It is located pretty close to the Central Business District and Chinatown.
  • This site is surrounded by numerous restaurants, pubs, hotels, cafes, bistros, and other attractions. The hype status of this location is simply amazing.
  • There will be residential apartments featuring magical sea views from the southern sea coast.
  • Transportation facilities are great because of upcoming and existing nearby MRT stations.
  • It will take only five minutes to reach the main business hub in the city and therefore this location is simply the best for anyone who works there.

All these perks turn Sky Everton into a lucrative residential project. Sustained Land believes numerous potential buyers will show interest in this new project and buy apartments to spend their life in a luxurious way.

How Is The Property Market In Singapore

After so many speculations that we expected that might change with the property market of Singapore now the time has come to see exactly what happened in the last few months. The resale prices of condominiums and other kinds of private apartments in Singapore has been consciously rising. This appreciation of price has been noticed in every kind of sector, which includes the sales of the HBD apartments. The bright side of the market has undoubtedly been encouraging is that the condition has surely improved drastically after having some low momentum in sales in the last few years. The increase in the prices of private homes has risen 1.1% and this in the sale of private property buildings. Condo sales in Singapore have risen by almost 33%, which is almost 10,500 units.

 
The property market has surely been booming from the year of 2017 after a series of negative territory for 4-5 years because of some unfavorable measures which were introduced by the government and also the residential sector. The market has undoubtedly been revived from this slump. 2018 and 2019 have surely been very promising, especially for the residential sector. Investors and developers of all kinds have started sensing a positive growth. Singapore property market will experience an 8% increase in price and also expects to close at 50% resale growth.

expects to close

The market began blooming in the second quarter of 2017, which was fueled in part by the relaxation of the seller’s stamp duty (SSD). The key question that remains is whether developers an buyers will get used to the new normal or will the cooling measures make it a buyer’s market for those who are looking for a new house. If the market appears to be in limbo and the developers stick with a huge land bank on their hands, they may feel pressured to resort to fire sales in order to sell off the units. One of the prices remain stable is that private residential property is sought out by developers and with them launching upcoming projects in 2019, they may be willing to maintain prices and even accept a lower sell-down rate. They may not resort to discounting the properties which may indeed hurt their case.

launched in stages

A development with over 300 units is usually launched in stages. The developers actually launch early bird offers to those who are very interested in getting the properties as soon as they are constructed. Some people even purchase them way before they are even constructed because they know developers very well. The early bird offers to attract a lot of people indeed. Singapore residential real estate market is expected to remain the same, but it might even boom, although there is a slight advantage for buyers in terms of the wide range of new projects.

Some Very Important Things To Check When Buying Old Properties In Singapore

In the country of, most of the properties have only a 99-year lease, but that surely does not diminish the demand for older houses.  Some people are indeed more interested in them. You could compare the older properties in Singapore to wine or cheese; they get finer and finer as they age. Here is precisely what you should look out for when purchasing any kind of property over 20 years old.

–    If you are purchasing a property to rent it out to someone else. Once a property has reached the age of 40 years, it’s resale value surely drops. Banks will reduce financing to 60% of the property value, and the buyers will also be faced with a bigger down payment. Besides, simple affordability lowering the price, buyers will surely demand that they get discounts since the maintenance costs are higher for older homes. Once the property reaches 60-70 years of age, loans are also not exactly possible, and buyers will also be unable to use their CPF monies to purchase the property. Tenants don’t exactly care how much time is on the lease, and rental incomes fall faster than a rusted door handle.

handle

–    All of this means that the clock is surely ticking and you will have limited time to recoup the cost of the investment. If you are uncertain, crunch some of the numbers with a wealth manager and get a professional to determine if it is a good fit for your portfolio at all.

–    Most importantly, it is essential that you check the condition of all of the facilities before you purchase. Condo management councils will widely vary in terms of competence. Some can even keep a pool in pristine condition for more than 30-40 years. Make sure that old fixtures have been rid of and the fixtures are all replaced to be new again. When it comes to homeowners, you have to check if all the things meet your demands and comfort levels as well. For investors, you have to consider how much a tenant is ready to pay for that property, even to rent.

investors

–    Check how far the property is from traffic and make sure that there isn’t too much noise. You should also see if there are enough parking spaces. Old properties tend to be in areas that are mature, and they also have loads of amenities. The area with the most kinds of amenities also tends to draw more people.

–    You should also know about how long it has been since the property has been refurbished or renovated. Get a sense of the whole property and make additions wherever necessary.

TRENDING NEWS

Property Market

Everything You Want to Know the New Sky Everton Condo

Sky Everton is a newly launched residential development project. This new project is taking place on the former location of Asia Gardens. This new project will house 262 luxurious residential apartments in a 36 story building. Therefore, aspiring Sky Everton Condo buyers are quite excited about this project. Sky Everton is one of Singapore’s recently […]

Property Market
Property Market

How Is The Property Market In Singapore

After so many speculations that we expected that might change with the property market of Singapore now the time has come to see exactly what happened in the last few months. The resale prices of condominiums and other kinds of private apartments in Singapore has been consciously rising. This appreciation of price has been noticed […]

MARKET NEWS

Property Market

Everything You Want to Know the New Sky Everton Condo

Sky Everton is a newly launched residential development project. This new project is taking place on the former location of Asia Gardens. This new project will house 262 luxurious residential apartments in a 36 story building. Therefore, aspiring Sky Everton Condo buyers are quite excited about this project. Sky Everton is one of Singapore’s recently […]

Property Market

How Is The Property Market In Singapore

Old Properties

Some Very Important Things To Check When Buying Old Properties In Singapore

Buying A Home

Why the Property Curbs cannot Stop The Rich And Famous From Buying A Home Here

LATEST POSTS

CATEGORIES