{New Jurong Innovation District to boost property demand

New Jurong Innovation District to improve property demand

Jurong Innovation District resize

Source: JTC

“(The) absence of developments to market cooling measures was expected as the government has communicated its concern that premature easing of market cooling measures might cause a market rebound,” said Tay Huey Ying, Head of Research, JLL Singapore.

CBRE Research expects the government to keep on monitoring the residential market.

“(The) new precinct in the northwestern part of the isle embodies the ‘live, work, play, learn and create’ notion.

“The development of the JID will see the currently drowsy Jurong West locale transformed into a thriving hub of action. As the development of the JID takes shape, we can anticipate demand for real estate which range from dwellings, offices, retail, hospitality and industrial to gem residences rise, and along with this, an overall rise in property values in and around the JID,” noted Tay.

Meanwhile, analysts are excited about the future development of the Jurong Innovation District (JID). Phase one is expected to be ready in 2022.

She included: “It would also activate private sector interest in real estate development and investment, and thus, we can expect to see a heightened degree of activity in this locality in time to come. Possibly, the Government Land Sales (GLS) programme might soon start to include land tracts in and around the JID to kick-start the transformation.”

Continue reading »

Specialists share suggestions for Fresh Start Housing Scheme

Experts share suggestions for Fresh Start Housing Scheme

The Fresh Start Housing Scheme is targeted at families with young kids.

Pros expect the 2016 Budget, that will be announced this Thursday (24 March), will solve some current problems with the Fresh Start Housing Scheme, reported Channel NewsAsia.

This scheme helps HDB renters buy their own flat, with individuals who previously owned a dwelling, and a focus on families with young kids.

But a key problem is fine tuning the eligibility criteria to make sure that such help is really deserved by the beneficiaries, said DTZ’s Research Head Lee Nai Jia.

“I believe this is a remarkable scheme. The essential problem is how we’re going to identify this group as well as their income ceiling, and (how we are going to define) the type of benefits to give this group.”

According to Saktiandi Supaat, member of the Government Parliamentary Committee for National Development, the system provides another chance to families now leasing a HDB flat, particularly those who were forced to sell their first unit due to an unavoidable problem.

Nonetheless, the support should take into consideration the different circumstances of each family.

“There might be more support in terms of grants and there could also be some states for the grants to be disbursed,” said Saktiandi. For example, families would first need to show proof they have the resources to pay for the new flats.

Apart from providing the actual house as well as grants, it’s also important to educate families hillview peak condo about responsible homeownership, financial management, and tasks to maintain their kids in school, clarified the Fei Yue Family Service Centre.

“We don’t want hillview peak to come to a point where they’re on the scheme, and then there is a drawback, and they’re penalised or thrown out of the scheme,” said the centre’s main social worker, Lilian Ong.

“We could introduce some kind of readiness or transitional programme to ready the whole family for this”, and this should run for six months, she said.

The Ministry of National Development and also the Housing Board have held public consultations on executing the scheme, to collect suggestions. The comments includes provision of shorter leases and more grants, along with concessionary loans.

Continue reading »

China improved the earnings of local developers

Amidst the lacklustre residential marketplace in Singapore, strong sales in the biggest cities in China has improved the earnings of local developers, reported Nikkei Asian Review.

For example, CapitaLand’s sales soared by 21.3 percent year-on-year to US$3.41 billion (S$4.73 billion), driven by solid residential transactions in China. In spite of the nation’s softer economy, sales rose two-fold to US$2.36 billion (S$3.27 billion).

City Developments Limited (CDL), another leading developer, has also reaped rewards for venturing into essential Chinese cities.

For the 2015 financial year, CDL China sold 13 villas in Shanghai and almost 700 units in Suzhou, with total sales amounting to 1.6 billion yuan (S$340.74 million). The firm’s net profit inched up 0.5 percent last year to S$773.3 million.

“There have been hints of development, with increased buying activity in certain cities for example Shanghai and Suzhou after the government lifted several cooling measures and comfortable loan restrictions in 2015,” CDL said in a statement.

While the Chinese economy isn’t as lively home builders have gained by focusing on first-tier cities, like Shanghai and Beijing, which are finding higher growth compared to the rest of the state.

Based on Joe Zhou, JLL’s Research Head for China, “residential sales volumes across 20 major cities in China shot up by 28 percent in 2015. Prices in Tier 1.5 and 2 cities are also gaining momentum”, but third- and fourth-grade cities are still saddled with surplus supply.

The Chinese prefer to invest in first-tier cities as the quality of the properties there are usually superior to those found in other urban areas. Additionally, there is small investment opportunities in the country, clarified David Ji, Knight Frank’s Head of Consultancy and Research for Greater China.

Chinese cities are categorised into grades based on their population, gross domestic product and other variables.

Extras: T Space Tampines | Parc Life EC | Centrium Square

Gem Residences Condo

Continue reading »
westwood ec, westwood residences

MCL Land

MCL Land is a leading property group in Singapore. An associate of the Jardine Matheson Group under HongKong Land Holdings, MCL Land has a long history of building quality homes in Singapore and Malaysia over the last 40 years. The developer is a premier and property group that is reputable, equally devoted to growing shareholder value and supplying exceptional customer satisfaction for property Lake Grande Condo

Continue reading »

Re-decorate your living room

It might be the time in case your living room is looking tired. Rather than renovating your home or going to some other position, we have assembled some low cost means you can revitalise your family room without costing too much.

1.
A clean wall is among the simplest part of the living room you could easily transform. But we hear you; hanging up wallpaper or painting a room may be tiring chore! Happily, stickers and wall decals are a home decoration option that is favorite. If you are hankering for something new they are simple to use and can be readily stripped off. There are innumerable layouts to select from, including some house-related estimates such as the one in this house designed by Meter Square.

2. Soft Strategy
To make the greatest impact, decide layouts and colours which are different from your old colour scheme. We enjoy the Designers Guild materials accessible from Romanez, there is an extensive selection to select from and they all offer something distinctive to the residence. Don’t hesitate to experience with designs, prints and textures also. Check out the new launch.

3.
Let us face it. The main reason your living room seems old and so weary is because it is likely over crowded, cluttered and dirty. The easiest method to breathe new life into a space would be to eliminate any unwanted things – nearly like you are starting from scratch. Remove that litter pockets of spaces to place the focus on bigger bits. This house, designed by Bluprin.ID, keeps the furniture options to the absolute minimum.

4. Green is Great
In Singapore, keeping houseplants simply means adding another chore to the record of housework. But your house can be rejuvenated by having plants in more ways than one. Plants such as Boston fern and the snake plant are natural air purifiers that remove noxious gases and airborne substances from the atmosphere we breathe. In addition they add your house and dynamic colour and also make the insides feel more welcoming.

All in a day's work - multitasking at the office.
All in a day’s work – multitasking at the office.

5.
Want to gather plates, glassware and other knickknacks? Here’s a speedy means to make use of them to add some flavor to your family room and at the exact same time, produce an excellent solution to show your group. Group your favourite things together to make the maximum impact. Put them on a games console, or in the instance of these magnificent screen plates, mount them on the wall to create a beautiful feature.

6.
The couch is the biggest piece of furniture in the family room. So if it is appearing worst for wear, it will be when they step in, the first thing your guests will see. Rather than purchasing a brand new one and tossing it out, consider reupholstering them for a fast, fresh upgrade. For something different, attempt upholstery in an appearance that is patterned.

Continue reading »