With luxury home prices in the city state still to fall, now could be the right time for potential buyers to make a purchase. Based on Alice Tan, Research Head at Knight Frank’s Singapore office. Luxury part of the real estate condo market have been considerably impacted by the city state’s multiple rounds of cooling measures.
Looking at The Vales EC SinghaiYi
Real estate developers will remain mindful and uptight and certainly some The Vales developers may reduce prices to move sales of the balance units. There is a new ruling which states that developers must sell their units within a certain time-frame before they get penalized by the local government bodies. New homes can also be launched in phases, to find out real estate market response.
“Real EstateTransaction quantities may be just like the degree found in the meltdown period of time, which may be observed to be a healthy improvement for the housing industry, supposing fiscal situations don’t change.” Real Estate Watches also thinks financial transaction volumes this year are going to tumble far less than the yearly average captured previously in the past 5 years which was buoyed by global flows of easy credit following the global financial crisis might affect sales for The Vales.
SingHaiYI EC Showflat Designs
National Parks Board will build up the Jurong Gardens into a garden area for use by the neighbourhood, National Development Minister Khaw Boon Wan stated in a article yesterday. Occupying more than 70 hectare, the Jurong Lake District is going to include Jurong Lake Park and the Japanese Garden.
Heritage factors that is currently at the Chinese and Japanese Garden will probably be maintained but refreshed and included as part of Jurong Lake The Vales EC, which will include Jurong Lake Park on the west side of the lake. There will be a brand new science centre in Jurong.
Property experts was quoted expressing in a marketing report that high end homes located in the core city centre have observed 5 successive periods of reduction in The Vales prices. And commentators expect selling prices within this section to remain dipping in the next period. SLP International anticipates that launches for the entire of 2014 will offer no more than 10,000 units, a clear, crisp decline compared 15,885 units unveiled a year ago and also 21,478 units in 2012.
Living in an EC in Sengkang
It isn’t really good news for real estate sellers, except for property buyers who are generally interested in get a luxurious real estate property such as Vales SinghaiYi, there is now a window of opportunity to obtain a dream residence. The particular terrible image has put off several investors but this does not suggest that it’s not smart to spend money on Geylang mainly because a number of property or home experts views the region as an excellent choice investment homes.
Young couples who are seeking for their 1st property to invest may likely not have Geylang in their options as the vicinity comes with a unhealthy reputation regarding the sleazy night clubs and in addition many doubtful leisure stores for The Vales.