The Avenir condominium

On the weekend, a freehold condo in Jalan Eunos was launched. Urban Treasures is your latest residential project from Fragrance Group and contains of 2 12-storey blocks holding 237 apartment units.

Get more information about The Avenir condominium here.

Freehold condo in District 14 — Urban Treasures

The district 14 website was home fo the prior Eunos Mansion and was acquired by the Fragrance Group at a collective sale last year. The job is marketed as having a”high-income living environment” with just 237 units. It gives unblocked views of the Central Business District (CBD) and is just a couple of minutes’ drive away in the Paya Lebar Airbase that is relocated after 2030 to make space for a sustainable brand new city.

The Paya Lebar Quarter (PLQ) and Kinex are also nearby, supplying more-than-adequate amenities and recreational and lifestyle choices. Thus there’s considerable mid- to long term potential from the evolution and the developers are taking a look at appealing to the newest generation of buyers.

A new job may attract a new generation of house buyers

Costs of those units at Urban Treasures were estimated to start out of $845,000 to get a 452 sq feet one-bedder and $2.3 million for a 1,270 sq feet four-bedder.

This brand new development has a lot of pluses that families may like such as closeness to transport nodes, as well as schools. In a 1km radius are colleges such as Maha Bodhi School, Eunos Primary, Manjusri Secondary and Telok Kurau Primary.

The job is anticipated to be finished by the end of 2021. Sales at the gallery located at 205 Jalan Eunos will officially start on Nov 30.

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According to URA data, programmers only sold 928 units in October (955 units such as executive condos ), compared to 1,270 units in the last month.

But on a year-to-year comparison, the statistics reveal an 84.9percent increase.

The new houses sold in October from the Core Central Region (CCR) tripled to 182 units from September, the largest listed as March 2016, together with Singaporeans purchasing 133 of these components.

Analysts said the fantastic performance was mainly as a result of new job launches in the area, such as Midtown Bay Residences, Neu at Novena and Royalgreen. Another new launch this month was Midwood, over the Exterior of Central Region (OCR).

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The lack in major launches from town fringe and mass-market sections such as the OCR might have been a factor in the sales fall, said OrangeTee and Tie head of research and consultancy Christine Sun.

“Sales volumes are normally reduced when more luxury jobs are being launched in a particular month, due to the higher cost tags and reduced affordability,” she said.

URA Realis data demonstrate that this year saw 104 non-landed new houses sales reach S$5 million and above, that’s the maximum mark because 155 have been purchased from January to October 2011, added Sun.

High-profile transactions, such as James Dyson’s purchase of Singapore’s most expensive apartment, led to”significant favorable thoughts for programmer sales,” said land analyst Ong Kah Seng.

Ong considers the nation’s possessions will become more attractive for overseas buyers wanting stable investments.

“There is increasing international attractiveness of Singapore residential properties as providing longer term stability to all profiles of buyers, such as from foreigners that are eschewing investments in Hong Kong because of that town’s heightening social turbulence,” he noticed.

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Two commercial shophouses at Kampong Glam and Serangoon Gardens have been set for sale via term of curiosity at direct prices of $6.9 million and $8.5 million respectively, said only marketing agent Knight Frank.

The 999-year leasehold Kampong Glam home is located at 18 Bali Lane.

The direct price for your house translates to about $3,600 per sq ft (psf) of floor area, said Knight Frank.

A nearby shophouse at 11 Bali Lane lately sold for about $18.8 million or $4,017 psf, even though a Bussorah Street shophouse a few lanes away, using a balance lease of 83 years and land dimensions of 1,741 sq feet, sold for $5 million in July last year, said Knight Frank.

Back in September, five adjoining Kampong Glam conservation shophouses at Baghdad Street were set up for sale via public tender at a direct price of $23.8 million.

Together with the help and promotion from the Singapore Tourism Board, the locality is popular among tourists and locals because of its hipster vibes and vibrant, vibrant neighborhood, the agent added.

The Serangoon Gardens shophouse is a two-storey corner unit having a land area of 1,618 sq feet and a built-up area of about 3,000 sq ft.

Its 8.5 million manual cost translates into about $2,833 psf within the ground area, said Knight Frank.

The land has a 999-year leasehold tenure and can be now fully tenanted.

The last transaction from the area was 65 Serangoon Garden Way, which sold for about $ 8.8 million at the end of last year, said Knight Frank.

It also counts banks, enrichment centers and beauty salons among its other amenities.

No additional purchaser’s stamp duty or seller’s stamp duty payment is necessary for the two shophouses are they are zoned commercial, together with thieves and companies also qualified to make bids.