Four new generation neighborhood centers

Punggol, Hougang and Sembawang will build four new-generation neighborhood centers to provide residents with more shopping, dining, leisure and community activities. These new neighborhoods will be completed by 2020.

The Housing Development Board recently announced the design concept of the four neighbourhood centres. There are two new generation neighborhood centers in Punggol New Town, the Northshore Plaza in the North Shore HDB area of ​​Punggol, and the Oasis Terraces adjacent to the Punggol Waterway.

The neighborhood of Buangkok Square is close to the Buangkok Square, and the Canberra Plaza in Sembawang is opposite the built-up Canbera MRT station and upcoming Canberra Link EC.

The biggest feature of the new generation of neighborhood centers is that they have a covered community plaza for organizing various community events. These neighborhood centers also have community public spaces such as gardens and playgrounds.

These neighborhood centers also enhance connectivity with surrounding facilities. For example, the community plaza in the neighborhood of the World Square is integrated with the neighborhood park in the HDB district, and the neighborhood center is connected to the new one by the airway. The three neighborhood centers of North Shore Plaza, Oasis Terrace and Canberra Square are also higher. An aerial walkway on the ground that connects to a nearby subway or light rail station.

In order to better meet the needs of residents, HDB also collects residents’ opinions and discusses the types of shops and facilities they want through group discussions and questionnaires when planning these new neighborhood centers.

Things to note before considering Penrose

Penrose is a upcoming development that sits right at the heart of Geylang and Sims Drive by Hong Leong Holdings’ Intrepid Investments and City Developments Ltd. The developers submit a top bid for the 174,648 sq ft of prime land that is located at the city fringe in the heart of Aljunied and Geylang. The top bid for the land was measured at $732 psf per plot ratio and it is estimated that a residential project of 570 units can be constructed on the plot of land. The project enjoys close proximity to major transportation routes including Aljunied MRT Station as well as Kallang-Paya Lebar Expressway and the Pan Island Expressway for owners who are taking their own cars. It is a mere about 15 mins drive to the Central Business District (CBD). The project combines the convenience of being located near to the city and the prices are not that high compared to core city centre developments.

The 99 years leasehold condo on the 174,648 sqft land size will be developed into a prime city fringe development that consist of 570 units with several 17 or 18 storeys that will comprises of 560 Units of prime city fringe residential units that is located near to Aljunied MRT Station. Given that the land was secured at $732 psf ppr, it is estimated that the selling price for Penrose will be around $1,400 psf which is considerably low for a city fringe project. Penrose condo falls under the new ruling by URA that dictates that the average size of the project to be around 85 sqm which means that the units will be bigger and more comfortable for own stay. With more plans now to transform Paya Lebar into a residential and transport hub, Penrose location is an ideal opportunity to own a city fringe condo at mass market prices.

Penrose sites on a prime piece of land that located near to many established schools with good records. Penrose location is near to schools such as Geylang Methodist School, Canossa Catholic Primary School, Cedar Primary School and Kong Hwa Primary School. These schools are long established and have a good records with many of the previous students as well. Also, with the selling price of Parc Esta as well as other nearby developments that is already selling at $1,600psf, the selling price if at $1,4xx psf located nearer to the city compared to other developments suggests that the selling price for Penrose is somehow cheap.

Parc Central Residences can be very attractive to urban living seekers

Pasir Ris is a planning area and residential town located in the East Region of Singapore. It is bordered by Tampines and Paya Lebar to the south, Sengkang to the southwest and Changi to the east. The planning area also shares riverine boundary with Punggol to the west, separated by the Serangoon River, as well as having a maritime boundary with the North-Eastern Islands planning area, across the Straits of Johor.

Parc Central Residences, is located along Pasir Ris Central, Pasir Ris Drive 3 and 5 with MRT Station within very walking distance. It is also located beside Pasir Ris One and Pasir Ris Town Park. Parc Central Residences showflat is currently under construction and should be ready soon in 2020 likely h1. The gallery show suites when launch is going to be preoccupied and walk-in is surely not suggested.

Parc Central Residences is a white site next to Pasir Ris MRT Station, and it was awarded to Allgreen Properties and Kerry Properties by HDB. The winning bid is nearly $700 million, which works out to $684.48 per square foot per plot ratio (psf ppr) based on total gross floor area of 1.02million sqft.

The estimated breakeven price of Parc Central Residences is around $1,176 psf. Parc Central Residences launch price may range from $1500 psf onwards.

Parc Central Residences takes only 8-10 min drive to reach airport. With the newly completed Project Jewel and on-going Terminal 5 expansion, more employment will be drawn to the area in the next decade. Not only that, Parc Central Residences is close to Tampines Regional Center as well as Loyang Industry estate.
Coming to 2029, with the completion of 1st phase of Cross-island Line linking Changi to Bright Hill, Pasir Ris station will become an Interchange. The new line will shorten journey time to other parts of Singapore by upto 70 mins, it will also serve as alternative to East-West Line when it’s fully completed.

Pasir Ris Central Announces Double Concept Food World

Pasir Ris Central, not far from White Sand Park, there are in total 42 booths and 770 seats on the upper and lower floors. On the ground floor, local desirable traditional hawker food will be sold; on the second floor, FAREGROUND @ Upper Deck will launch a new generation of hawkers whom are keen on food. On top of the international food, the dining environment is more modern.

Pasir Ris Central will inject new elements into local delights. In addition to providing local traditional hawker foods familiar to Chinese, it will also introduce trendy foods sought after by young people, becoming a paradise for the next generation of hawkers to demostrate their creativity.

The Pasir Ris Central Hawker Centre, which will be operated by the NTUC Rich Diners Co-operative, will be divided into two sections and the ground floor will consist of 20 cooked food stalls retailing local desirable traditional hawker food. FAREGROUND @ Upper Deck on the second floor will launch a new generation of hawkers, including Western or Chinese and Western food, or Italian, French or Japanese food. There are 22 booths on this floor.

In addition to the international food on the second floor, the dining atmosphere is more fresh. It will be transformed into a social space for friends and relatives to gather and talk. In addition to dining together, you can also relax with two drinks there.

In order to ensure that residents can enjoy food at commonsense prices and good quality, and at the same time allow hawkers to have a reasonable income to support his livelihoods, NTUC requires that each stall provide at smallest amount of two affordable meals (Budget Meals) per day to ensure that residents should eat suitably a meal.

Source: https://www.pasirriscentral.com/

Avenue South Residence – the first large-scale project in the southern waterfront gateway

The lunar calendar, commonly known as the “Ghost Festival”, ended on Thursday, and the developers who have been inactive for a long time are busy again. This weekend, a new project will be launched to test the “water temperature” of the property market. One of the more eye-catching new debuts is the Avenue South Residence on Silat Avenue.

Prime Minister Lee Hsien Loong recently announced the details of the development of the Southern Waterfront at the National Day Rally, which has caused the attention of private home buyers. UOL is vigorously promoting Avenue South is “the first large private residential project in front of the southern waterfront gateway”.

Avenue South Residence has a total of 1074 units, distributed in two 56-storey residential buildings and five four-storey retaining buildings. The developer will launch 300 units first. The price of more than half of the units is less than $1.5 million, the one bedroom unit starts from $850,000, and the second bedroom unit jumps from $1.15 million.

UOL’s president pointed out at the project promotion meeting yesterday that the Avenue South Residence unit is divided into three categories, including the Peak Collection on the upper floors, the Horizon Collection on the lower floors, and the Heritage Collection in the reserved buildings. The average price is $2250, $1980 and $1780.

According to the letter, the Southern waterfront gateway will be an important development project for the government to reshape Singapore. This 2,000-hectare area, equivalent to six areas of the Marina Bay area, will promote more vigorous business and leisure activities and create many business opportunities. It will also bring huge value-added potential to private houses around the area.

He also hinted that the company won the land of Avenue South Residence at a competitive price, so it would allow the first batch of buyers to enjoy a more attractive price. However, the price of the project may increase, just like the projects such as The Tre Ver and Amber 45.

The bidding for the 10 private houses in Tampines

The private sector in Tampines Ave 10 attracts the nine-party bid, and the City Development (CDL) subsidiary has the highest bid.

Analysts pointed out that developers are more rational in this round of bidding than the previous competitive bidding for private lots. This is mainly because the location is far from the subway station, the overall price is also pulled up due to the large area of ​​the lot, plus some developers to recharge the list of government sales in the second half of the upcoming announcement.

The bidding for the lot was closed at noon yesterday. According to the Urban Renewal Authority, the highest bid is Bellevue Properties, a wholly-owned subsidiary of Urban Development. The bid price is $370.10 million, equivalent to a floor area ratio of $565 per square foot.

Kingsford, the second-highest bid, was bidding at $350 million, 5.4% lower than the highest price, equivalent to a floor area ratio of $535 per square foot.

Urban development has not been successful in bidding for private homes in the past year. The group issued a statement yesterday saying that if it wins the bid, it will build an apartment with about 15 floors and about 800 units. All units are oriented from north to south and the apartment also has a child care centre.

375 units sold in two days, Piermont Grand set EC price record

This year’s first new executive condominium (EC), Piermont Grand, sold 375 or 46% of its units in the first two days of the opening from 17 July 2019, with an average selling price of $1080 per square foot, setting a record for the highest price of EC. .

The Piermont Grand in Sumang Walk is jointly developed by City Development (CDL) and TID.

Urban Development issued a statement on Sunday that as of 6 pm, 375 of the 820 units were sold, making it the best-selling real estate project this year. The project has three to five bedroom units ranging in size from 840 to 1701 square feet with a starting price ranging from $888,000 to $1.58 million.

According to the statement, 245 units of buyers are the second home buyers, accounting for about 30% of the total number of units. According to the current regulations of the Housing Development Board, 30% of the units at the time of the opening of the EC are reserved for the second home purchasers. As a result of the full amount, the second home purchaser who could not buy a house this time can purchase from the remaining units after one month.

The last launch of the EC project, Rivercove Residences, sold about 500 units at a record price of 965 yuan, about 80% of the total, when it opened in April last year. Now 628 units have been sold out, and the median price is about $1,000.

First land was awarded under the new religious land framework Singapore

According to zaobao.com.sg

Singapore Soka Association successfully awarded the first tender for the new religious land bidding framework with a price of 7.08 million. In the future, the religious land in Punggol will be developed into a Chinese temple.

According to the website of the Housing Development Board, the religious site at the junction of Sumang Walk and Sumang Link was launched on October 30 last year. The tender was closed on January 8 this year. Close to the land, it is the Piermont Grand EC (Executive Condominium) at Sumang Walk by CDL. The distance to the nearby Waterway Point is about 5 minutes.

According to the data, Singapore Soka Association was successfully awarded today (25th).

This religious land area is about 2007 square meters and the lease term is 30 years. In addition to the Singapore Soka Association, the other five parties bidding earlier were Diqing Forest, Amaranth Bacheng Temple Sanqinggong Co., Ltd., South Island Tianxindong Association, Confucius and Mencius Temple, and Sanqinggong Taoist Cultural Center.

According to the new tendering framework announced by the Ministry of National Development last September, the tendering activities for religious land will be carried out in two phases.

In the first stage, bidders must meet three conditions, namely, they must be registered religious groups, regularly organize activities that benefit the vast community of our country, and explain their demand for religious land.

After successfully passing the selected bidders, they can participate in the second stage of the bidding activity. The authorities will assess the financial situation of the bidders and then issue the lot to the religious group with the highest bidding price.