Smart and kind HDB homes?

 

HDB is launching a new type of high-tech flats or smart flats at Punggol Northshore. And they are rather kind on the pockets too, with prices starting at $28,000 for a 2-room flat (after subsidies).

These 2-, 3-, 4- and 5-room flats at Punggol Northshore will be launched tomorrow and will feature the infrastructure to install smart systems such as energy consumption monitoring systems or alarm and alert systems for the elderly.

Punggol-northshore.jpg;wae44a5d811a611cfaPhoto credit: HDB

The smaller, and markedly lower-priced 2-roomers may be just the thing for singles and the elderly living alone. Sized at 36 sq to 45 sq m, singles who apply for one alone qualify for the Additional Housing Grant of up to $20,000 and Special Housing Grant of $10,000. That’s a total of $30,000 off the $88,000 price tag of a new 2-room HDB flat at Punggol Northshore. Previous launches at Sembawang and Yishun consisted of even cheaper 2-room flats starting from $10,000 and $15,000 after grants have been applied.

But these new smart-tech HDB flats could be the new way to go for future HDB flats moving forward. And the launch at Punggol Northshore is situated near the waterfront and boasts of a seamless connection to the LRT, these coupled with the fact that the 4- and 5-room HDB flats are cheaper than resale flats nearby at $130,000 and $170,000; the response for this launch could be more than positive.

 

UMCity Medini Lakeside – The New Nexus in Medini, Iskandar Malaysia

 

Johor MB Officiates Groundbreaking at Award-Winning UMCity Medini Lakeside by UMLand and Samsung C&T Corporation

  • Groundbreaking ceremony for the RM1.2 billion GDV development was led by UMCity Medini Lakeside developer, UMLand and world-leading construction company, Samsung C&T Corporation
  • Located at the gateway into Medini Iskandar, the 5-acre UMCity Medini Lakeside is a waterfront mixed integrated development ideal for community living and work
  •  UMCity Medini Lakeside is poised to redefine metropolitan international brand collaborations in Iskandar Malaysia

Pix 1_Menteri Besar and VIPs officiating the Groundbreaking
Nusajaya, 20 May 2015 – United Malayan Land Bhd (UMLand) today held a groundbreaking celebration for UMCity Medini Lakeside, its premiere mixed integrated development in Medini Iskandar, with award-wining builder Samsung C&T.

The ceremony was officiated by Dato’ Mohamed Khaled Nordin, Chief Minister of Johor and marked the beginning of construction works at the 5-acre development which fronts a beautiful landscaped lake park. Also in attendance were His Excellency Carlos Domínguez Díaz, Ambassador of Spain to Malaysia, His Excellency Suh Chung-Ha, Ambassador of the Republic of Korea to Singapore, and Chi Hun Choi, the President and CEO of Samsung C&T Corporation

.Pix 5_Datuk Charlie Chia_Menteri Besar_Dennis Ng_Chi-Hun Choi

This is a significant milestone for UMLand in positioning itself to become the lifestyle developer of quality products in all their projects. UMCity is UMLand’s award-winning flagship mixed commercial development with a Gross Development Value (GDV) of RM1.2bil in Medini Iskandar. Its UMCity Office Tower was named the Best Office Development at the recent Asia Pacific Property Awards which was held in early May 2015.

In his officiating speech, Dato’ Mohamed Khaled Nordin said, ‘UMLand’s UMCity development reflects the highest level of confidence in the efforts to position Medini as the preferred destination for investment. This catalyst development will become the new nexus in Medini, bridging the lifestyle components to Medini’s fast growing business components.’

Pix 3_Datuk Charlie Chia_Dennis Ng_Menteri Besar_Chi-Hun Choi getting ready to launch the video

The groundbreaking celebration also witnessed the welcoming onboard of a new partner from Spain for UMCity – Roca, which is renowned for their complete bathroom solutions. UMCity also announced that AECOM, an internationally acclaimed multidisciplinary design company was responsible for the design of the Medini Lakeside public park. The presence of Roca and AECOM add to the already impressive list of UMCity international delivery partners who will be setting the benchmark in quality service in Medini Iskandar.

Earlier this year, UMLand cemented strategic alliances with established and international brands such as The Ascott Limited, ONYX Hospitality Group, Samsung S-1 Corporation, and Regus for the same development. With Samsung C&T headquartered in Korea as the main contractor for the UMCity project, the UMCity development is well en route to assured quality and timely delivery. Samsung C&T is a world-leading construction company responsible for many renowned buildings and skyscrapers such as the Burj Khalifa in Dubai and Tower 2 of the Malaysia Petronas Twin Towers. UMCity will be Samsung C&T’s first commercial project outside of Kuala Lumpur in Malaysia.

“We are honoured to be part of the UMCity Medini Lakeside project,” said Chi Hun Choi, the President and CEO of Samsung C&T. He added, “We look forward to continuing our support for Malaysia’s development, having participated in large scale projects including Petronas Twin Towers. We are certain that by working closely together with our trusted partners, the project will be successful.”

Upon completion in 2018, UMCity will be the home to the renowned brands of Citadines, Shama, OZO,and Regus, with Samsung as the comprehensive solutions provider. With these brands onboard, UMCity has one of the most comprehensive international collaborations in a mixed development in Iskandar Malaysia.

UMLand Group CEO, Datuk Charlie Chia said, “Positioned as the commercial hub in Medini, UMCity is a one of its kind waterfront mixed integrated development designed for a vibrant community living and work. UMLand is a long established developer, and we are continuously striving to push boundaries while creating quality lifestyles and communities. This is especially true for UMCity which is poised to become a world-class commercial hub in Iskandar.”

He added “This is where the concept of innovation meets sustainable development within the Medini business district of Iskandar Malaysia. Primed to be the nexus of Medini, this development by UMLand is set to deliver a conducive environment, be it for business, leisure or residence.”

UMLand is assured that the development plans of UMCity will be in sync with the Medini Business District, making it the leading business environment in South East Asia

For more information, please visit www.umland.com.my

Waterfront living in Iskandar – UMCity Medini Lakeside

 

Aptly named UMCity Medini Lakeside, the new development in Nusajaya, part of the Iskandar project in Malaysia, is developed by United Malayan Land (UM Land). Despite recent news about a possible supply glut in the Iskandar regions, in particular Southern Johor, the Malaysian developer is upbeat about the response to this new project as most of the existing developments are high-rise residential areas. One of the most recent launches in the same area was the RM2.5 billion River City @ Danga Bay.

UMCityMediniLakesidePhoto credit: UM Land

UMCity Medini Lakeside is situated next to a lake in Medini, and will feature 3 serviced apartment blocks, an office tower and a retail mall. Unlike residential units, serviced apartments may have an upper hand in terms of the extra values in service and maintenance. The units sold are “guaranteed” a 6 per cent annual return rate and investors will receive free stays at these apartments and similar brand apartments outside Malaysia. The 3 apartment blocks will be managed under the Shama Medini, Ozo Medini and CItadine Medini names. Nearby, there is another serviced apartment block, the 310-room Somerset Medini Nusajaya.

With all that building and construction activity going on in the Iskandar region, the next question might be how the government plans to bring businesses and internally or externally import a suitable population into the area. In the U.S and China, there have already been examples of ghost towns which are built up with hardly anyone living in them. How then would the authorities be able to combat this possibility and what have they already done to ensure a smooth passage to their desired goal or a bustling hub?

More data for Private home buyers

 

Private property buyers will no longer have to grasp at thin air in their attempt to make sense of which way the market is leaning in terms of prices, sales volume and even incentives offered by the developers or sellers.

iProperty Transacted PRices

Photo: iProperty’s transacted property price trends data is provided online

Starting from June 5, buyers or anyone who wants to do their market research can now access the Urban Redevelopment Authority’s (URA) website. Data will be published weekly. That would also mean much more transparency in the marketplace, including information provided to banks in order to allow them to better gauge applicants’ loan limits and also loan amounts which take into consideration value benefits such as cash rebates, legal and stamp duties absorption, rental guarantees and furniture vouchers.

Improvements will also be made into transparency of showflat depictions by developers. Previous complaints about obvious differences between showflats and the actual unit have not fallen onto deaf ears. Now, the Housing Developers (Snow Unit) Rules which will be in force starting from July 20, will keep everyone on the right track. Showflats ready for viewing before July 20 will however be exempted from the rules, though developers are required to made clear the differences between the showflats and the actual unit.

How will these new rules change the playing field? Will it be easier or more difficult to secure loans from the banks once these rules are put in place and enforced? Will that in turn affect the buying power of the already restricted purchasing crowd?

Small private condominium units popular again

 

 

NeemTreeIt seems the 2 most recent new condominium launches got buyers all hot and happy, snapping up 526 units at the 920-unit Northpark Residences and 254 in Botanique at Bartley. Most of the buyers were HDB upgraders, with private buyers and foreigners making up one third.

Contrary to previous figures which showed a dip in interest in smaller units, the studio, one- and two-bedders went the fastest at Northpark Residences. The average selling prices were between $1, 300 and $1,400 psf. Smaller units may be increasingly in demand, and perhaps upcoming launches may expect to see a similar trend.

Over at Botanique @ Bartley, the median selling price was at $1,290 psf. Close to 85 per cent of its units sold were below $1.2 million in total quantum price. Some of the other launches which continued to sell well were Sims Urban Oasis and City Gate.

Were these bigger developments more popular with buyers? A much smaller new property, the 84-unit Neem Tree in Balestier, seemed to have trailing in the wake of these 2 larger launches. They have yet to sell any of the 24 units they put out for sale. Property experts have read this recent leap in new property sales cautiously, as most of the sales were from only 2 launches which were priced to suit buyers’ current expectations of lowered prices.

Park First Airport Car Parking

parkfirst_650
 

The UK’s airport parking companies have seen the highest growth and highest yielding returns within the commercial car-parking industry over the last three decades.

Park First is proud to offer the first affordable UK airport parking property investment opportunity. We believe this investment is low risk and highly profitable, you will receive guaranteed returns from a 6 year lease already in place upon completion.

You will receive full title dees in your name on completion. Airport parking is a solid asset backed commercial property and creates diversification across any investor’s future portfolio.

A Proven Investment Opportunity

The proposition is for an investor to purchase an individual long stay airport parking space that is leased back and managed on your behalf by a well-established airport parking company with over 20 years experience.

A unique feature of the investment is the on-line booking software and number plate recognition systems which allows for a very hands-off approach to benefit end users and investors alike.

Airport Car Parking provides higher yields than other traditional ‘buy-to-let’ investments. The scale of popularity and the rise of interest in car park investments are exemplified by the global market size, which is estimated by Colliers to be worth $12.6 billion.

Investors worldwide understand the need for airport car parking and with many car parks operating at almost full capacity on a daily basis this investment is proving very popular as well as lucrative.

Facts & Figures

  • Almost 8 million passengers travel through Glasgow International Airport each year, that’s nearly 22,000 passengers per day
  • 17,900 parking spaces are required by the Airport before the year 2020
  • Official figures show Glasgow Airport has only 2,700 long stay parking spaces (2011), therefore demand for extra airport parking is huge
  • 92% was the average occupancy of Park First’s 4,500 airport parking spaces throughout 2014
  • Park First has now released 4,500 airport parking spaces for sale to investors worldwide

For more information, sign up for Park First’s seminar on Saturday, 23rd May 2015 to find out more.

 

Better Business Inspired Investment – Parking Spaces, An Emerging Asset Class

Date: 23 Mar 2015 (Sat)

Time: 10am – 2pm

Venue: Red Velvet Ballroom, Level 5, Village Hotel

*registration starts at 10AM.

To RSVP call 83338403 (Issa) or 98466686 (Yahya)

 

Jurong will have more ECs

 

When Westwood Residences in Jurong comes up, Lake Life will not be the only new executive condominium (EC) in the Jurong district. Applicants will have better news as prices are expected to hover around the lower end of their price expectation.

Westwood REsidencesWestwood REsidences

Photo credit: thewestwoodresidences.com

Developers are gradually becoming more attuned to buyers’ pricing sweet spot and are more likely to price new units within their affordability range. If response at Lake Life EC was anything to go by, this new executive condominium and its fresh new prices may well be hot property. However, second-timers with a subsidised flat or EC will need to take note that the latest regulatory change will mean they will be subjected to a resale levy of $40 to $50 psf. Upgraders and first-time applicants will however enjoy a discount or subsidy.

Developers, Koh Brothers and Heeton Holdings have indicated an estimated price of $800 psf. The original price range was $790 to $840 psf. Bookings for the new EC units at the 480-unit Westwood Residences will commence on May 30 but show flats will be open by this weekend. The property will lie in the exclusive area of Westwood and just a few bus stops away from the Boon Lay MRT station. It also lauds itself as the first bike-themed development, with a focus on sports and lifestyle related offerings such as an aqua gym, bicycle garage and outdoor mini velodrome.

Resale private property prices dipped in April

 

Could it be that the competition from new properties are finally kicking in? Besides the property cooling measures such as loan limits and raised stamp duties, are buyers remaining cautious this year as they watch and wait?

NorthparkResidences2NorthparkResidences2Property analysts are expecting the property prices to remain mostly stable for the rest of the year, with buyers and investors beginning to suss out good deals and snapping up units. Further property cooling measures seem unlikely and any shifts in policy would probably be in favour of sellers. It goes without saying, this year might be the year of the buyer, but the next would be anyone’s guess.

In April, figures showed that buyers are no longer underpaying for properties and are purchasing them at market value. The biggest rebound came in District 16. The number of resale transactions, despite all the news about property prices and transactions falling, have been growing overall on a year-on-year basis. That itself is promising news for the industry and investors.

Thus the slight drop in resale private non-landed properties last month could be due to new launches such as that of Northpark Residences in Yishun. The relationship between new and resale, private properties and HDB flats, will always be symbiotic. But without a doubt, all will be tied to global and domestic economies and policy changes.