New properties for everyone this Christmas

Property agents and developers certainly will not be having their holidays this festive season, just by the number of new property launches they will be working on this year end.

Gifts for all? Thousands in fact. The property market is expected both non-landed and landed residential projects to be rolling out thousands of units into the laps of property buyers. These include The Whitley Residences in Whitley Road, Liberte in Sarkies Road, Kingsford @ Hillview Peak, Village @ Pasir Panjang, Echelon near Redhill MRT Station, Michaels’ Residences in Chestnut Avenue, Trilinq in Clementi and Spottiswoode Suites in Spottiswoodes Park Road. In the Executive Condominium (EC) market, CityLife @ Tampines, Forestville in Woodlands and The Topiary in Sengkang will also be launched this month.

Echeleon near Redhill MRT Station.

These new properties encompass a wide range of units and selling prices to suit buyers of all budgets and lifestyle preferences. Prices are expected to start at $850 psf at The Whitley and The Topiary has two-bedroom units going for $580,000. With a penthouse at Citylife going for more than a million, will buyers go for ECs instead of new private mass market homes?
Will the developers be singing their way home this year end with a bountiful harvest?
But if you’re thinking of waiting till after the holidays, a few properties are holding out till then as well and you can expect The Sennett Residence in Potong Pasir to launch in the brand new year.

Roxy-Pacific Holdings’ reports an 8% Q2 net profit

Local property developer, Roxy-Pacific Holdings has reported an 8 percent rise in its Q2 net profit to S$17.7 million, which was driven by higher turnover from its property business.

The developer said that it is eyeing freehold sites to boost its land bank for future growth. From the period of April to July this year, it has been on an aggressive land acquisition trail with the purchase of Jade Towers at 2 and 4 Liew Lian Vale, Westvale Condominium in Pasir Panjang Road, Sophia Mansion at 14 Adis Road and Harbour View Gardens at 211 to 223A Pasir Panjang Road.
 According to its
CEO Teo Hong Lim, the group has started to acquire four enblocs, with the focus on freehold land.

Roxy-Pacific’s recent projects include Spottiswoode 18, Space@Kovan, Studios@Tembeling, Jupiter 18 and Nova 88.

It also owns Grand Mecure Roxy Hotel and The Roxy Square Shopping Centre.

The group’s market capitalisation has close to doubled since its listing, increasing from S$190.97 million to S$410.6 million as of July 31, 2012.