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.

EC at Yio Chu Kang and Anchorvale Crescent

In December last year and June this year, the government launched the Executive Condominium (EC) section at Yio Chu Kang Road and Anchorvale Crescent EC.

Although there are quite a few EC and condominium projects in Sengkang, Mai Junrong believes that since the government does not plan to launch a popular private residential area in the region in the second half of the year, it is expected that the location will attract many developers' interest.

He estimates that the lot can attract 5 to 10 squares, with the highest price being between 440 yuan and 490 yuan per square foot.

Li Naijia, head of the Southeast Asia region of the research department of Dai Yuxiang Industry Consulting Co., said that there may be more developers involved in the bidding, about eight parties, but based on the uncertain macroeconomic prospects, their price may be cautious, the highest price may only reach around $430 the floor area ratio per square feet.

He also pointed out that the commercial and residential complex area near Bidadari has not yet been launched. It is expected to be very popular when tenders are launched. Some developers may want to retain some "ammunition" in order to successfully win this popular location.

The shortage of EC (Executive Condominium) supply in Singapore

For the first time since 2013, the government has increased the supply of residential land for the second half of this year on the basis of its six-monthly sales plan. Some analysts believe that this is due to increased demand from developers, leading to lower demand for unsold homes. The number and recent transaction volume has increased.

At the end of April, there were 4,010 unsold EC units. Assuming that the Sumang Walk EC site (on the reservation list) is not activated, the developers' 15-month waiting period remains unchanged and the gradual reduction in land supply in the EC may lead to the European Commission's 2017 and the first Half-year 2018 was introduced.

OrangeTee pointed out that, unlike the previous GLS program, there is no condominium (EC) implementation site on the confirmation list. This is the first time since the second half of the 2009 GL S program.

The absence of an EC website in the confirmation list points to market concerns about the number of unsold EC units, "said OrangeTee's Celine Chan and Wong Xian Yang in a report.

Short version of latest review by newlaunchguru.sg - Affinity at Serangoon

This review presents the collective sale project - Affinity At Serangoon. Technically speaking, it is Serangoon North for its location.

Affinity at Serangoon is a JV by Oxley-Serangoon, including major partners including Oxley Holdings and Lian Beng Group. Lian Beng Group, a company being an original constructon firm, will assure quality architectural design for Affinity At Serangoon, topped by Oxley Holdings, a highly reputable local developer. This new condo project is located at the former Serangoon Ville HUDC in Serangoon North Avenue 1, which was sold en bloc in July 2017.

Affinity At Serangoon is located at the corner of Serangoon North Avenue 1. Drivers will immediately see this condo if traveling from Yio Chu Kang Rd to Sengkang. Hailed by many pet lovers, Serangoon North Avenue 1 is well-known islandwide for its many shops selling pets and their services. Staying with pets in this condo will save pet owners hassles bringing loved pets far from home for their regular check-ups.

While Serangoon is known as a matured estate in northeast Singapore, Serangoon North itself is less populated compared to Serangoon Central as well as Serangoon Garden. Walking to Serangoon MRT by feet is a bit far. To counter that, developer will offer two-way shuttle bus services transporting residents to nex/Serangoon MRT and bus interchanges.

Why Would I Invest My Cash in Realty Service?

Now a days we can see the pattern of investing money in realty service is boosting each day. It ranges from obtaining one little home or story to obtaining a large estate. Nowadays we can see the presence of leading degree companies in realty company in enhancement to normal purchaser. It demonstrates how vital this genuine estate service in present world. None of the large players forget the value of real-estate market. There are many elements behind the success of this organisation. Some of them are:

1. Extra safety for your financial investment

2. Cost of land as well as residential or commercial properties will certainly always go high

3. Investing in property resembles raising assets

4. Reduced danger service contrasted to many other financial investment

Let us consider the stock market business. If we are lucky we will certainly be able to obtain a great quantity from stocks. We can anticipate a minimum loan back guaranty in real-estate company.

It is an additional resource of earnings in addition to an investment for future organisation. We can always expect more by spending our money in real-estate market. This attribute make our organisation a low high-risk one.

It is vital to know the basic trends in real-estate before investing your money in it. You should not spend your money in an organisation without recognizing the pulse and also trend of it. So if you are seriously planning to invest your money in purchasing land and structure, you may consider the suggestions from the experts in the area. There are many neighborhood working as a consultants which are ready to guide to effectively and also suggestions to how as well as when you must invest your money.

[This post was brought to you by newlaunchguru.sg. It recently released its full review of treasure at tampines (Visit Website), which is going to be a mega launch in 2019 real estate market. Stay tuned.]