SIngapore Property Prices Drop 2% from year ago

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According to Knight Frank:

Singapore home prices continue to drop.

House prices in Singapore dropped two percent year-on-year in Q3 2016, while powerful cost increase was registered by most nations in the world, shown a Knight Frank report. And with new property keep launching year on year, like Vanilla @ East Coast, can it sustain the demand?

The truth is, 44 of the 55 states monitored in the report recorded a rise in costs, with the greatest increase being posted by Turkey.

USA is also expecting slowness

Over in the United States, the anticipated slowdown in house prices in the run up to the presidential election did not materialise.

“September indicated a fresh high for US house prices, which have surpassed their previous peak said Kate Everett-Allen, Associate, International Residential Research at Knight Frank.

What’s With UK Property Prices?

UK house prices proved to be resistant following the EU referendum -low mortgage rates as well as too little supply.

Knight Frank also noted that resurgent house costs in China and Hong Kong have prompted taxes and new regulation to restrain cost inflation. China’s resurgent costs are most apparent in its largest cities, where cost inflation was driven by pent up too little supply as well as demand.

Still Asia Prices Resistant to Drop?

Despite falling 5.5 percent year-on-year, house prices in Hong Kong increased 4.8 percent between June and September. Affordability concerns compelled authorities to raise the stamp duty to 15 percent for residents in addition to nonresidents, except for first-time buyers.

Increases in the United States will lead to a more powerful dollar with consequences for emergent marketplaces and international capital flows, although low rates will likely persist in Europe at least,” noted the consultancy.

The Artra Condo @ Alexandra

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Intro Artra Condo

Artra Condo is a 99-years leasehold condominium that’s put out by URA for sale under the confirmed list below the government land sales programme. On the basis of the acreage size of 442,967 and area of the development, analyst up built view a possible amount of units of approximately 400 units. 1

A closer look at the most recent bids received reveal that developers were positive on the neighborhood property market especially in the city fringe area around Redhill. A mere 5% allowance which indicate developers are competitive on the plays to ensure the highest property for developing also divided the top 5 bids.

More About The Artra Condo

Nevertheless, some analyzer warning the small allowance may also mean the the developers will not need to go into competitive bid given that there continue to be developer sales units that have is still unsold around Artra Condo. As of press time, there are still developer units in Principal Garden, The Crest and Alex Homes. . while there continue to be unsold units, the very best bid of $821 psf ppr which would mean a break even cost of less than $1,400 As the encompassing developments are available around $1,600psf., so there’s a comfortable allowance for profit for the developer

There is going to be full condominium facilities at the plot of property. A tennis coach as for tennis lessons and your children could be held at Artra Tang Skyline as there’s a tennis court available. Likewise, tuition courses and fitness center courses could be ran in the relaxation of your house as there’s a gathering room available in the development along with an indoor fitness center. On traveling from one location to another time so can conserved. Where there’s considerable coffeeshops or little retail outlets for your thought the development is situated also in the mature town of Redhill.

Main attributes of residing at a Artra condominium unit

There are additionally many shopping centres only a brief drive away from Artra Alexandra View in the disposal of the residents besides being situated in the mature town of Redhill and right beside Redhill MRT. Residents can do their shopping in IKEA Alexandra the nearby Valley Point Shopping Centre or Tiong Bahru Plaza. Additionally, there are buy stores accessible at Queensway Shopping Centre. For drinks that are late, there are a number of pubs around Central Plaza and Great World City accessible for the residents.

Artra by Tang Group

  1. Situated next to Redhill MRT Station
  2. Quiet and peaceful location yet only minutes to Central Business District
  3. Only one MRT cease away from Tiong Bahru Plaza
  4. Recognized associations like Gan Eng Seng Primary and Crescent Girl’s School and Secondary School only a quick drive away
  5. Various eateries positioned in mature town of Redhill and Tiong Bahru
  6. Incorporated development with , supermarket, F&B and retail outlets childcare center
  7. Direct Link Redhill MRT Station and Bridge entrance.

The Santorini Condo

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The Santorini Condos in Singapore are a reflection of a true island beauty with their classy color scheme of white and blue colors. Located in the Tampines St 86/Tampines Avenue 10, its completion is just around the corner in the mid-2018. Registration has already begun for those who want a piece of this investment.

Hillion Residences

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The future of luxury and dream homes is here at Hillion Residences. Housing in most modern countries like Singapore is only getting better with time. Like the fine wine, outstanding condominiums are coming up equipped with the newest amenities for modern living. The modern people are not disappointed as technology and class have been mixed to come up with exquisite homes. The standard of living in the 21st Century has been redefined by the Developers in Singapore with their new projects, and Hillion Residences is one such an exquisite development.

The Queens Peak

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Queens Peak
Queenstown, being the first satellite town, will get a chain of transformation, where various kinds of new public and private housing will help rejuvenate the town while maintaining its distinctive character. With various heritage trails organised by MyQueenstown, there will not be any lack of activities for you to get involved in during your weekends as you get to learn more about your neighbourhood.

With a maximum GFA of up to 51,528.89 square metres, the development will be able to yield an estimated 645 units.