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  1. The Government has launched the sale of a second residential site this year, while again giving developers more time to assess the property market under the Covid-19 situation before submitting any bids. The land parcel in Tanah Merah Kechil Link is for a mixed residential development, with the first storey slated for commercial space. It has a site area of 8,880 sq m and a maximum gross floor area (GFA) of 24,864 sq m. The 99-year leasehold site, which is off New Upper Changi Road, can potentially house about 265 apartments, fewer than the 310 units initially estimated when the site was first announced in December 2019. It can also yield 2,000 sq m of commercial space that can be developed into strata-titled retail units or offices. The tender for the parcel will close at noon on Oct 29, after a longer tender period of five months, the Urban Redevelopment Authority (URA) said in a media release on Thursday (May 28). In March last year, a site for mixed residential development was sold at Pasir Ris Central. The site is situated next to Pasir Ris MRT Station. The Pasir Ris Central mixed development known as The Ryse Residences with a site area of 38,004 sqm was sold for $700 million, or $684.50 per sq ft per plot ratio.
  2. By 2031, Punggol residents will get 4 more train stations to directly connect them to the eastern part of Singapore, to places like Tampines and Pasir Ris. The line is an extension of the Cross Island Line, and will act as a shuttle service to supplement the buses that currently ply the route. With the new extension, commuters can expect to save up to 25 minutes when they travel, from Punggol Central to Pasir Ris Central, the Land Transport Authority said. Construction of the underground Punggol, Riviera, Elias and Pasir Ris stations will begin in 2022 and the stations are expected to be opened by 2031. Three of the four stations - Punggol, Riviera and Pasir Ris - will be interchange stations. Travel time between Pasir Ris and Punggol will be halved with the construction of an MRT line extension linking the two towns by 2031.
  3. Allgreen Properties and Kerry Properties, which are both under Kuok Group of companies, have tied-up to launch another new launch condominium at Pasir Ris MRT. The white site land parcel at Pasir Ris Central was awarded to build an integrated development that is expected to TOP in 2024/ 2025. The development will consists of around 480 units above the shopping mall. Residents can enjoy unparalleled convenience to have retail, amenities, food and beverage options all at their doorstep. Pasir Ris Central Residences offers units from 1bedroom to 4bedroom unit types. Every unit will have the finest appliances and fitted with branded sanitary wares. Pasir Ris MRT condo mixed development sits on a white site tendered for sale by HDB in August 2018. Spanning 3.8 hectares, it will be jointly developed by Allgreen Properties and Kerry Properties into an integrated development with a bus interchange, polyclinic, retail mall and a town plaza. The completed development will serve as a community focal point with its open spaces and pedestrian friendly pathways. It will provide residents with seamless connection to public transportation and amenities. Pasir Ris Central condo floor plans will be available soon. Register for updates and Pasir Ris Central Residences launch date info.
  4. Increasing numbers of home owners have been selling their Housing Board flats the moment they hit the minimum occupancy mark. Sales of HDB flats less than 10 years old hit a nine-year high last year, when 4,578 units changed hands — 33.4 per cent up on the 3,432 moved in 2018. The low point was in 2014 when only 1,021 units were sold. Owning an HDB flat — more often than not, a Build-To-Order (BTO) unit — is a significant rite of passage for many young Singaporeans. But the growing number of newer flats being sold raises the question of whether this new generation of owners see their flats as a home for life or an investment that they can let go of at any time if the price is right. Punggol and Sengkang had the highest number of newer flats sold from 2011 to last year. This coincides with the rising number of flats in both areas that have reached their MOP in recent years. This is perhaps not surprising since there has been a slew of property new launches in District 19. This may also be a pull factor for young Singaporeans who want to upgrade to private properties upon reaching the Minimum Occupation Period of their flats. One such new launch which have benefitted from the upgrader demand would be Sengkang Grand Residences, which launched in November 2019 and sold about one-third of its units on launch weekend. No doubt the increase in supply of newer flats will have downward pressure on resale flat prices. However, this will mean buyers get to enjoy more choices now, and proves to be a good time to enter the market with more reasonable selling prices from sellers and developers alike.
  5. Sengkang Grand Residences is a brand new integrated development at Buangkok MRT. It is integrated with Buangkok MRT, bus interchange. shopping mall, childcare centre, hawker centre, as well as community club at your doorstep. It is jointly developed by renowned Singapore developers CDL and Capitaland. It will consist of 680 residential units. The development offers various unit types from 1 bedroom + study to 4 bedrooms + flexi to suit different needs of homebuyers. It is interesting to note the "Flexi" unit types at Sengkang Grand Residences which offers owners the flexibility to repurpose the space according to their own needs. Every unit will come fitted branded sanitary wares and finest appliances. Click here to find out more and book an appointment to view showflat.
  6. Sengkang Grand Residences is a brand new mixed development next to Buangkok MRT. It is integrated with Buangkok MRT station, bus interchange, shopping mall, childcare centre, hawker centre as well as community club at the doorstep. CDL and Capitaland was the top bidder in this government land sale (GLS) scheme. The development will consist of 680 residential units. This development offers various unit types from 1 bedroom + study to 4 bedroom + flexi to suit different needs of homebuyers. it is interesting to note the "Flexi" unit types at Sengkang Grand Residences which offers owners the flexibility to repurpose the additional space according to their own needs. Every unit will have finest appliances and will be fitted with branded sanitary wares. Register your interest now to view Sengkang Grand Residences showflat, get latest information like launch date, e-brochure, Sengkang Grand Residences floor plan and invitation to the VVIP Preview.
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