Altura EC by Qingjian Realty and Santarli SNC Realty New Executive Condominium Bukit Batok

Residents of Altura EC Bukit Batok can look forward to reduced travel times thanks to the new Jurong Region Line (JRL). With its seamless connectivity, the MRT line provides an efficient and convenient way of commuting to and from the region, ensuring a more pleasant experience for passengers. The JRL will no doubt play an integral role in linking various parts of Singapore, enabling residents to get to their destinations quicker.

Le Quest Mall is home to a carefully selected range of retail outlets that cater to a vast variety of requirements and preferences. From fashion and electronics to homeware and lifestyle options, shoppers can enjoy an all-in-one shopping experience. Moreover, the mall also contains a supermarket which offers everyday necessities and groceries, ensuring the needs of those living in the neighbourhood are adequately catered for.

The JRL is poised to act as a catalyst for economic expansion in the western part of the country, drawing in more businesses and creating job prospects. This can be a boon for Altura EC residents as they can take advantage of the newly available employment opportunities nearby, eliminating the necessity of extended travel to other parts of Singapore.

Le Quest Mall, located in Bukit Batok, Singapore, is a vibrant new addition to the residential town. The mixed-use development comprises of residential units and a retail mall, setting it apart as a premier lifestyle destination for both locals and travelers. With a variety of shopping, dining, and leisure choices, Le Quest Mall offers a truly unique experience for its patrons, making it one of the best spots for shopping and recreation in the Bukit Batok area.

The inhabitants of Altura EC are provided with a range of healthcare centres at their convenience. St. Luke’s Hospital, a local medical institution, is equipped with medical and rehabilitation services, while Bukit Batok Polyclinic caters to the basic medical requirements of the neighbourhood. Private clinics and dental clinics are also available throughout the town. Thus, providing the people of Altura EC with comprehensive healthcare facilities.

Altura EC, the 99-year leasehold situated at Bukit Batok West Avenue’s eastern side, is expected to be one of the most sought-after developments in the area. Being close to Jurong Innovation District and Tengah Town, the 1.24 hectare site is projected to have 375 executive condo units. Placed close to Le Quest, a 2021 completion mixed-use development by Qingjian Realty, joint top bid of $266 million was submitted by Qingjian Realty and Santarli Construction, which translates to $662 per square foot per plot ratio.

Enhanced Property Value: Being in close proximity to the Jurong Region Line (JRL) is anticipated to amplify the property value of Altura EC over time. Since access and connectivity are of utmost importance in the real estate market, the upcoming Mass Rapid Transit (MRT) line is likely to make the executive condo more desirable to potential buyers and investors.

Tengah Town was created with eco-friendly living and sustainability in mind. It features several green spaces that include parks, green paths, and recreational areas. The residents of Altura EC will have the benefit of taking advantage of the landscaped areas, walking tracks, cycling routes, and outside spaces that Tengah Town has to offer. These verdant spaces will provide the opportunity to engage in activities outdoors, exercise, and simply relax in a tranquil atmosphere.

The URA Master Plan emphasises the significance of amplifying the connectedness both within and between numerous neighbourhoods. For Altura EC, this could mean the advent of new roads, more comfortable public transport facilities, and augmented pedestrian and cycling networks. Such improvements will pave the way for more conveniently travelling for Altura EC citizens, both within the vicinity and to other parts of Singapore.

In the Altura EC Tender, Qingjian Realty and Santarli collaborated to submit a bid of S$662 psf ppr, establishing a new record for executive condo land. This bid was higher than Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.’s offer of S$631 psf ppr by 4.8%.
, Bukit Timah Primary School, Pei Hwa Presbyterian Primary School, and Yuying Secondary School.

Altura EC, located at Bukit Batok EC, offers families with children a great advantage of being close to a variety of reputable schools. This strategic location will provide convenience, safety, cost savings, and social benefits. Qingjian Realty, the developer of Altura EC, is situated near many of these educational establishments, including Bukit Batok Secondary School, Bukit View Secondary School, Dazhong Primary School, Lianhua Primary School, St. Anthony’s Primary School, Hong Kah Secondary School, Swiss Cottage Secondary School, Hillgrove Secondary School, Dunearn Secondary School, Keming Primary School, Bukit Timah Primary School, Pei Hwa Presbyterian Primary School, and Yuying Secondary School. Altura EC not only offers an ideal location, but also a superior living environment.

Living in close proximity to schools can be incredibly beneficial for families with school-aged children. Altura EC, located at Bukit Batok EC, is in the enviable position of enjoying a number of advantages due to its proximity to schools. The fact that you are living near schools means that both parents and children have to spend less time commuting, thus making daily routines more streamlined and stress-free. A shorter journey time also means that children have more time to participate in extracurricular activities, pursue hobbies and spend quality time with family. The risk of accidents during the commute is also significantly minimized, ensuring the safety of children when travelling to and from school. Furthermore, living near schools can save money on transportation costs, such as bus fares or fuel expenses for personal vehicles. Not to mention, properties located near reputable schools often appreciate in value, making them a desirable investment for homeowners.

Altura EC Qingjian Realty is conveniently located near a bus interchange and only a short walk away from Bukit Batok MRT station. This makes it a prime spot for commuters, who will benefit from its accessibility. Being close to several schools, Altura EC is also suitable for families looking for a home. Furthermore, with the extended lease period on Bukit Batok West Avenue 8, it gives developers added time to market their units.

Altura EC at Bukit Batok Town, located in the western part of Singapore, provides an excellent living environment complete with lush greenery and modern facilities. Offering exceptional connectivity and a wealth of amenities, the vibrant residential area is well-structured to meet the different needs of its occupants. Therefore, Bukit Batok Town is truly an ideal place to live and work due to its commitment to excellence.

Altura Executive Condominium presents a wide selection of amenities that meet the varied needs of its tenants. This condo enjoys great connectivity, along with high-end facilities and vibrant green areas. This makes Bukit Batok Town an appealing and balanced community to be a part of.

Altura EC is a desirable neighbourhood for families with school-going children, thanks to the presence of many reputable establishments offering education at the primary, secondary and tertiary levels. These include Bukit View Primary School, Keming Primary School, Bukit Batok Secondary School, and Millennia Institute.

Strategically located in the Bukit Batok and Choa Chu Kang areas, Altura EC offers residents an outstanding lifestyle experience. With hassle-free access to a plethora of shopping, dining, and entertainment options, the condominium provides a unique balance of urban convenience and serene tranquility. Residents can enjoy the vibrancy of city living without having to forgo the peace and quiet of the surrounding environment. Altura EC is the perfect spot for enjoying urban amenities without compromising on comfort.
To add to these, the Bukits Bistro is the perfect spot for a meal or a refreshment in between outdoor activities.

Altura EC is home to a variety of recreational and leisure facilities such as the Bukit Batok Nature Park, Bukit Batok Hillside Park, and Bukit Batok Town Park (also known as Little Guilin). These green spaces provide great opportunities for outdoor activities like jogging, cycling, and picnicking. Moreover, the Civil Service Club @ Bukit Batok boasts a variety of sports and leisure activities, including swimming pools, a gym, bowling alleys, and more. After a tiring day of sports and leisure activities, you can relish a meal or a quick refreshment at the Bukits Bistro. Altura EC is definitely the perfect place for a recreational getaway!

Plans are underway to ensure that Tengah Town will be well-served by public transportation, with the introduction of new MRT stations and bus networks. The forthcoming Jurong Region Line (JRL) is set to provide improved accessibility for residents of Altura EC with its service to Tengah Town and its neighbourhood. The enhanced connectivity will make it easier for residents to get to other parts of Singapore, cutting down on their travelling time and providing them with better access to a variety of amenities and other facilities.
Bukit Batok swimming complex, located close to Altura EC, is a great place to exercise and relax.

Residents of Altura EC can take advantage of a variety of shopping and dining establishments located nearby in Bukit Batok Town. The West Mall shopping center has a plethora of retail outlets and a supermarket, as well as a movie theater and eateries. In addition, there is the Bukit Batok Central, which has everything from shops to restaurants and essential services. For those who are looking for a place to exercise and relax, the Bukit Batok Swimming Complex is in close proximity to Altura EC.

Nestled in the heart of Choa Chu Kang, a residential area in western Singapore, Lot One Shoppers’ Mall is a much-loved shopping and lifestyle hub for locals and visitors alike in the vicinity of Altura EC. Since its establishment in 1996, it has become an integral part of the Choa Chu Kang community, providing a one-stop-shop for patrons to get all their necessary items and enjoy leisure activities. Boasting a wide selection of retail, dining, and entertainment options, Lot One Shoppers’ Mall offers something for everyone, making it an ideal shopping spot for all kinds of people.

Residents of Altura EC in Bukit Batok will be among the lucky ones to benefit from the upcoming development of Tengah Town in the western region of Singapore. Dubbed as Singapore’s first “Forest Town”, the project will showcase sustainability and green living. It is expected to bring an array of amenities, increased connectivity and a vibrant living atmosphere. Therefore, Altura EC residents will be able to enjoy the many advantages of this remarkable project.

As outlined in the Master Plan, there are plans to rejuvenate existing commercial areas and also create fresh new offerings to meet the varied demands of people living in Altura EC. Such plans could include constructing new malls, restaurants, and leisure facilities, that are in close proximity to the location of Altura EC. These new establishments will help bring about a more lively and stimulating lifestyle for the residents, with a variety of shopping, dining, and entertainment options available.
Residents of Altura EC can look forward to a host of amenities located nearby, such as home improvement stores, supermarkets, as well as a wide range of dining and shopping options.

Residents of Altura EC at Bukit Batok West Avenue 8 will find themselves blessed with excellent connectivity, as the area is well-serviced by the Bukit Batok MRT Station on the North-South Line and the forthcoming Jurong Region Line. Furthermore, getting around is a breeze, as the area is connected to major expressways such as the Pan Island Expressway (PIE) and Bukit Timah Expressway (BKE) by an extensive network of buses. In addition, the locality offers a host of amenities and conveniences, including home improvement stores, supermarkets, an array of dining and shopping options, among various other establishments.

The JRL is set to further bolster Singapore’s transport network, connecting the Altura EC residents to other MRT lines such as the North-South Line, East-West Line, and Circle Line. This comprehensive network will offer a more convenient and efficient mode of transport, providing the residents with greater travel flexibility.

HDB has announced a public auction for the Altura EC project at Bukit Batok West Avenue 8. Altura EC, a new executive condominium, is poised to house up to 375 homes and includes a 99-year leasehold. Bidding will remain open up until 12 noon on 8 March 2022, after which the successful bidder will then move ahead with a property evaluation. Situated within the heart of Bukit Batok Town, Altura EC is a promising prospect for all potential buyers.

The Jurong Region Line (JRL) is set to revolutionize the living experience of residents at Altura EC, providing them with improved connectivity, lowered travel times, enhanced property value and enhanced access to job opportunities. With the JRL in place, Altura EC is set to become one of the most desirable residential locations in the western region of Singapore. The JRL will drastically improve the quality of life of all current and potential residents, making it an attractive choice to live in. Consequently, this will lead to a boost in property values which will ultimately benefit current and future residents. Moreover, the enhanced connectivity and travel times will facilitate improved access to employment opportunities, making Altura EC an ideal option for those seeking career prospects. In conclusion, the JRL will provide a multitude of benefits to Altura EC residents, and pay huge dividends for their wellbeing and living experience in the future.

At Altura EC, residents can enjoy the convenience of being close to several shopping malls. Placed in both Bukit Batok and Choa Chu Kang districts, West Mall and Lot One Shoppers’ Mall provide a myriad of choices in terms of retail, dining, and entertainment. With such a wide selection, Altura EC occupants can easily meet their shopping needs, as well as enjoy leisurely activities with friends and family.

Altura EC is the perfect location for families seeking to reside in Singapore due to its proximity to numerous renowned educational institutions. There is an array of plots in the district ranging in price from $580 to $650 per square foot, making it a desirable spot. Therefore, the West Avenue 8 EC Tender from Qingjian Realty constitutes a significant chance for Singaporeans to secure a plot in this highly sought-after region.

The Master Plan for Bukit Batok aims to enhance the quality of life for its residents through the creation of new community facilities, green spaces, and recreational areas. Altura EC residents can look forward to extra parks, activities-filled playgrounds, and sports facilities in the neighbourhood, ensuring ample opportunities to relax, exercise, and socialise.

Very soon, details of the Altura EC showflat and price list will be out. Buyers will be able to visit the Altura EC showflat, while the individual unit prices will also be made available. The much awaited Altura EC project at West Avenue 8 is strategically nested within the upcoming residential area close to the quickly progressing Tengah Region. Nearby attractions include Bukit Batok Hillside Park and upcoming high-rise real estate projects. The executive condominium consists of a total of 375 units, and is expected to be a very affordable choice in the neighborhood.

2. Enhanced convenience: The JRL will provide Altura EC residents with increased convenience, as it will connect them to a variety of important locations. Residents will be able to access business centers, shopping centers, educational institutions, and recreational facilities quickly and easily. This improved transportation infrastructure will make it simpler to get to essential destinations.

3. Increased mobility: The JRL will facilitate greater mobility for Altura EC residents. By increasing access to key locations, it will be easier to travel between them. This will allow people to move freely around the city, exploring the many attractions that Altura EC has to offer.

4. Expanded connections: The JRL will create new connections between Altura EC and other cities. This will provide more opportunities to explore beyond the city limits and discover the diverse culture of the surrounding areas.

5. Improved quality of life: The JRL will bring an array of benefits to Altura EC residents. Improved connectivity, enhanced convenience, increased mobility, and expanded connections will contribute to a higher quality of life for those who live in the area.

The Altura EC enjoys a sought-after location and is projected to attract strong interest from first-time buyers and HDB upgraders alike. As executive condos tend to be more affordable than private condominiums, they are an attractive choice for many families in Singapore. The reported launch date for the project is set at Q2 2023, with its West Avenue 8 EC boasting an estimated price tag of S$3,500 per square foot.

The URA Master Plan seeks to stimulate economic growth and create employment prospects by cultivating business hubs and industrial parks in Singapore. The regeneration of the Bukit Batok vicinity could draw in fresh businesses and enterprises, thus boosting employment prospects for Altura EC inhabitants. This would lead to an equilibrium of live-work-play and cut down on the requirement for extended commutes to work destinations.

Altura EC, a residential development in Bukit Batok, features a variety of community facilities to provide enriching experiences to its residents. These include the Bukit Batok Community Club and the Bukit Batok Public Library, both of which offer a wide variety of activities, courses, and events. By providing these resources, Altura EC encourages its residents to connect with one another and strengthen their sense of community.

Lot One Shoppers’ Mall enjoys great convenience, as it is linked directly to Choa Chu Kang MRT station and bus interchange, allowing visitors to quickly get to the mall by public transport. For those who choose to drive, the mall also provides plenty of parking spots. This advantageous transportation network makes Lot One an ideal and convenient shopping venue for local people and visitors alike. Among the stores located here you can find NTUC FairPrice Xtra, BHG and Popular Bookstore.

Upon completion, Altura EC residents will be able to reap a wide range of benefits from the JRL: They will enjoy improved accessibility and connectivity, with streamlined transport links to the city and airport. In addition, the project also promises more job opportunities for residents, as well as a host of recreational options such as shopping, dining and entertainment. Moreover, the development will provide a modern and sophisticated living environment, with green amenities, quality facilities and efficient infrastructure. Furthermore, there will be an improved quality of life, with enhanced security and safety measures in place. Ultimately, the JRL will bring improved socio-economic prospects to Altura EC residents, creating a vibrant and inviting space for them to live and grow.

The Master Plan places a strong focus on sustainable development and environmental conservation. In line with this, new developments in Bukit Batok such as Altura EC will include green features and sustainable practices. These could include the conception of energy-efficient structures, the use of renewable energy sources, and improved waste management systems. All of these measures will help to create a cleaner and greener environment for residents to relish.

Residents living in Altura EC will now have access to the JRL, which is expected to be completed in 2026. This new MRT line will offer them smooth, trouble-free travel that is both convenient and fast, granting them access to a variety of places in Singapore. In particular, commuters at Altura EC can now quickly get to Jurong from their homes, as well as to major attractions around the island, such as Gardens by the Bay and Jurong Bird Park.

The addition of the Jurong Region Line (JRL) to Singapore’s mass rapid transit system is certain to be of great benefit to the residents of Altura EC. With the completion of this line, expected in 2026, they will be able to make quick, trouble-free journeys, providing them with easy access to places such as Gardens by the Bay and Jurong Bird Park, as well as the many attractions in the west, including Jurong, Choa Chu Kang, and Tengah. The JRL will boost their convenience and mobility significantly, thus elevating their quality of life.

The Urban Redevelopment Authority (URA) Master Plan is an exhaustive land-use plan which outlines a broad vision, along with the strategies for Singapore’s upcoming progress. It is crafted with the ambition of producing a liveable, sustainable and vibrant city for the next 10 to 15 years. The Master Plan also contains a multitude of transformations planned for various areas within Singapore, including the location of Altura EC. Thus, occupants of Altura EC shall gain from the proposed advancements and upgrades in their vicinity.

Residents of Altura EC can look forward to an uplift in their lifestyle with a broader selection of shopping, dining and recreational options with the future development of Tengah Town. With malls, supermarkets, cafes and restaurants set to be introduced, there will be a lot more to explore nearby for Altura home owners. This expansion of commercial and retail spaces will give them more choice and convenience to enjoy each day.

Since Altura EC Bukit Batok West Avenue 8 has made its way onto the 2021 Confirmed List of Government Land Sales, it is anticipated there will be great interest from developers for this executive condo site. It has a maximum gross floor area of 37,348 square meters and a height restriction between 60 and 70 meters, offering an estimated yield of 375 residential units. The pricing bracket for this EC site will be set in order for developers to bid.

The Urban Redevelopment Authority (URA) Master Plan provides inspiring prospects for Bukit Batok in terms of enhanced mobility, superior traits, extended job openings and a dedicated focus on sustainability. Consequently, Altura EC inhabitants will be able to benefit from a superior lifestyle and a livelier living setting as the region progresses through its transformation in the foreseeable future.

Marina Gardens Lane Residences With Full Facilities at Marina Bay Near Central Business District

When it comes to living in the Central Coast Region, few developments are as exciting as Marina Gardens Lane Residences. This new waterfront development will be part of the Master Plan 2019 and is set to feature a new waterside marina and all of the amenities that come with it. This new residential community will have everything a savvy buyer could want. In addition to the marina and the surrounding amenities, it also offers easy access to the city. Whether you’re looking for a one-bedroom condo or a multi-bedroom penthouse, this new development is sure to impress.

Residents of Marina Gardens Lane Residences can enjoy a range of amenities that make their stay at the condo an unforgettable experience. The development offers easy access to four MRT stations: the Circle Line, the Downtown Line, the Thomson-East Coast Line, and the upcoming Cross Island Light Rail. In addition, Marina Gardens Lane Residences is located near major expressways, making it convenient to get to and from other parts of the city.

The residential portion of Marina Gardens Lane Residences will be built on 3.6 million square feet and consist of two separate residential towers. These towers will have 34 floors of apartments, ranging from studios to four-bedroom penthouses. Phase one of the project will be completed by the end of 2015 and phase two will be launched in 2016.

With an enviable location, Marina Gardens Lane Residences offers its residents the best in luxury living. In addition to being close to the Central Business District, the development is also situated in the city’s financial and entertainment centers. This prime location is ideal for thriving professionals who need to be close to the action. Marina Gardens Lane Residences offers residents the convenience of an urban lifestyle unmatched Bukit Batok EC elsewhere. These residences are close to the Central Business District and CBD areas, making it convenient for residents to access business and social activities, while staying in the heart of the city’s cultural district.

Residents at Marina Gardens Lane Residences enjoy an outdoor, rainforest-inspired green heart. This green area will serve as a secluded sanctuary, a green civic space, and a place to relax after a busy day. The building’s geometries and design optimize natural ventilation and maintain an optimum micro climate. Those who live in the building’s penthouse suites will appreciate the convenience and space of the apartment and the stunning views of the bay.

The Park Tower of Marina Gardens Lane Residences has nearly 90% of its units sold out, and the 521 Garden Tower units will be released soon. Interested residents can register for a preview to find out more about their options. The Park Tower’s prices are lower than its neighbors, so investors should consider the investment here for rental yield or capital appreciation. Its prime location is also a plus for investors looking for high rental yields.

The iconic Marina Gardens Lane Residences Residence is located in the central business district of Singapore. The development was developed by a joint venture of the Malaysian and Singapore Sovereign Funds, M+S Pte Ltd., and is expected to be completed in 2017. The complex comprises 1,042 premium residential units, retail units, and office space. It is also close to the Central Linear Park. With a mix of business, entertainment, the Marina Gardens Lane Residences Residence is a great choice for the business-minded in the city.

A range of amenities are available at Marina Gardens Lane Residences, which includes an indoor gym with the latest fitness equipment. Residents can also enjoy a park-like setting and a sweeping cityscape. The property also features a private dining room, a teppanyaki terrace, and BBQ decks. Marina Gardens Lane Residences at Marina Bay Sands is an ideal place to stay in the heart of Singapore’s financial district.

The area is known for hosting premier events, including the Formula One Singapore Grand Prix. The floating platform Float@Marina Bay, constructed in 2007, is the venue for a National Day Parade and New Year’s Eve Countdown, as well as various fireworks displays. The Marina Bay Golf Course and the ArtScience Museum are also part of the community. If you’re a fashionista, there are designer boutiques at the Marina Bay Sands.

The prime location and strategic location of Marina Gardens Lane Residences make it a top choice for investors. With its large pool of quality tenants, it is ideal for those looking for high rental yield and capital appreciation. Marina Gardens Lane Residences are only six units left and are priced at $22,232,850. The building is comprised of four land parcels and is designed to create one unique identity. The interiors are designed for relaxation, and the furniture and fixtures are thoughtfully chosen for a variety of profiles.

Located in the heart of the Marina Bay Financial District, Marina Gardens Lane Residences offers a unique mix of residential and office space. The residential portion of the MARINA GARDENS LANE RESIDENCES development is situated in the heart of this new CBD, which is home to some of Singapore’s most prominent businesses. Marina Gardens Lane Residences is also home to a stunning biodiversity garden and two adjacent green parks. A beautiful, modern lobby greets visitors and residents.

The building’s design is a seamless blend of planted and sculptural elements. The outer face is designed by Ingenhoven, a global leader in sustainable Supergreen architecture. The interiors feature a densely-planted garden. The planting concept was developed in partnership with ICN Design International and extends from one building to the next. It features an array of flowering plants, shrubs, and trees.

The Marina Gardens Lane Residences are seamlessly connected to four MRT lines and are well-connected to major expressways. This location is also convenient for commuters, as it provides island-wide connectivity. Marina Bay, which is the real estate success story of Asia, boasts the Marina Bay Financial Centre, the Gardens by the Bay, and the iconic Marina Bay Sands. It is also home to the annual International Formula 1 Grand Prix.

Situated in the city center of Singapore, the Marina Gardens Lane Residences are nestled among verdant flora. The prestigious location of the building creates a perfect balance of city within a garden. With convenient access to downtown and Marina Bay MRTs, this luxury condo development is an excellent choice. Additionally, the development has an underground pedestrian link to Raffles Place. The Marina Gardens Lane Residences are priced competitively, with prices starting at $2171psf and up.

The office towers at Marina Gardens Lane Residences have offices of Fortune 500 companies, including PwC, Swiss private bank Julius Baer, oil giant BP, and ride hailing app Grab. The residential towers also feature a 140,000-square-foot retail podium called The Heart, where residents can enjoy acclaimed restaurants and bars. Marina Gardens Lane Residences also houses a Cold Storage supermarket, and a Virgin Active Fitness club.

The prime location of the Marina Gardens Lane Residences allows residents to easily commute to the city, and enjoy its seamless MRT connection. Located in the heart of Singapore’s Central Business District, this integrated development integrates the elements of nature with modern living and architectural mastery. A green heart and four towers create an impressive urban skyline that evokes the feeling of paddy fields. A stunning, soaring glass skyscraper overlooking the Bay, the Marina Gardens Lane Residences can be found in an ideal location.

The main street of the Urban Village District is car-free, allowing residents to cycle or walk to the city. With such a vibrant, pedestrian-friendly environment, children can play safely on the streets, and people can meet and interact face-to-face. This is also an ideal location for community bonding, as the area will be comprised of mixed-use space. In addition to residences, businesses will also be located at street level, while residences will be built on higher levels.

How to Get Great Investment Deal on Singapore Property

How to Get Great Investment Deal on Singapore Property

How to Get Great Investment Deal on Singapore Property

There are a few different ways in which you can strike a great property in Singapore. In this article we will look at how to get the best deals on second hand, new, and off-plan properties.
• Buying Off-Plan .When you buy off-plan in Singapore, you are buying an uncompleted property that is commonly known as “New Launch”. This type of property is commonly invested in by both foreign and local investors.
• Resale or Subsale. Resale or subsale of Singapore properties
New Properties
You can find some great property deals in Singapore when you buy off-plan and invest in properties that are yet to be completed. This type of sale is common in Singapore for residential properties, the properties being under construction and being sold for residential use by the developer. When there are more than 4 units in the development, a Housing Developer’s license is required before the developer can start the construction.
Once this license has been granted, a sale license is required before the units can be sold. The sale license is subject to conditions laid down by the government and is intended to protect the buyer. After this two licenses have been obtained, the development can be launched publicly the properties usually being advertised in the major newspapers as well as through other campaigns; large developments may even have a media campaign. Previews generally take place in show homes.
How to Get the Best Deal
• Developers generally offer “early bird” prices that are very attractive; these entice take-up of the properties.
• Choice unit. Buyers generally get to select the best unit.
• Less upfront capital is required, as progressive payment schemes are generally in place
• Many units will even be cheaper than resale and second hand units you find on the market
• When the market is hot, balloting is involved
• Some of these properties are being sold at future prices
• You will not be able to enjoy an instant rental income from your property
• To get the best property, experience is necessary
VIP Preview Sales Procedures
Before a new development is launched officially, it will often be launched by the developer in what is called a preview or VIP launch. Here, buyers are invited to have the chance to buy the very first units. There are advantages of buying at this point, including:
• You have the pick of the units
• At this points, lower prices are generally offered in order to stimulate interest
• Early bird discounts of around 10 or 11 % are generally available, this discounts being subsequently removed
• These launches are generally attended by experienced property investors and savvy property buyers who will pick up the very best value for money homes
• Generally, a down payment of around 20% is required, within 3 or 4 months. After such time, no further payments are generally required for another 12 to 18 months.
• Guaranteed period for developers
• All monies paid will go into a project account as opposed to the account of the developer. Monies will only be withdrawn from the account for matters that are project-related
• In the case that the buyer decides not to go ahead with the sale, 75% of the down-payment will be returned.
As soon as the discount is removed by the developer, the unit increases in price and is worth up to 10% more. Some investors use this opportunity for flipping and selling properties in order to make a quick profit by sub-sale. If the unit is worth 1 million dollars, and the investor puts down $200,000, he could make a profit of $100,000 in just a few months if he decides to flip his property once the discount is removed. Previews are therefore a great place to be if you are interested in buying off-plan properties in Singapore.
Resale and Sub-Sale Properties
If you prefer to invest in a second hand home in Singapore, we suggest you do the following in order to get the very best deal:
• Register with a realtor
• Tell them the property you would like to buy and how much you are willing to spend
• The realtor will therefore keep you updated on any potential deals
• Potentially difficult to agree on a price
• You may not be able to acquire the best property
• With age, capital appreciation diminishes
Procedure for Buying Re-Sale Homes
When the investor wishes to buy a property, he will give the owner a cheque to the value of 1% of the property price. Once this has been done, the seller will issue the buyer with an Option to Purchase, this OTP giving the buyer 14 days to go ahead with the purchase before he loses his deposit.
The seller cannot issue another OPT for 14 days, regardless, and cannot sell the property to another buyer. If the buyer decides to proceed, he will then pay another 9% of the property price. This is paid to the lawyer of the seller, after which time the buyer will need to get a loan, find a solicitor, and pay stamp duty, etc…
The general procedure for resale of condos is therefore as follows:
• 1% is paid as an “option fee”, the OTP document then being drawn up by the seller or his agent
• The OTP is valid for 14 days, this ensuring that the seller cannot consider other options during this time
• The buyer will then need to pay a 9% “Option exercising fee” within the 14 day period, normally in front of the solicitor of the seller. The 1% option fee will be lost if he fails to do so.
• The balance that amounts to 90% will be due on completion of the sale. The sales process generally takes somewhere between 8 and 10 weeks to complete.
Advantages of investing in property using this method include:
• Running a profit on your property if you invest wisely
• Less up-front commitment
• Repayments will be made on forced savings via a loan or mortgage, meaning the more you pay, the more of the home you own.
• As long as the value of your property is maintained or grows, you will be growing equity in your property. Equity from your property can be used at a later date for securing a loan or for your retirement.
• In Singapore there is no estate duty tax, all your investment being free from capital gains tax.
• If you choose to become a landlord and rent out the property, the interest on your mortgage then becomes tax deductible.
• Home ownership brings stability, security, and a sense of satisfaction
• You won’t have lease conditions to worry about and you won’t have a landlord who has control over how long you can live in your property.
• Home ownership is gratifying, as you will be joining a selected few.
• Your home will be yours for a long as you want it, ensuring you can alter it in any way you wish that will enhance the property.

Tips on Getting The Best Home Insurance

Tips on Getting The Best Home Insurance

Tips on Getting The Best Home Insurance

Home insurance provides legal coverage that protects an individual’s property from any form of damage. It also helps to replace, rebuild, or repair a damaged home. Different insurance companies offer different types of home insurance policies. Most home insurance policies can provide deep discounts.

It includes covering living expenses. If your home is destroyed, your insurance company will pay an allowance to cover your living expenses. You can use the benefit to pay for hotel rates, daily meals, and warehouse storage. A personal liability policy protects you from a lawsuit brought by a person who suffers an injury as a result of your negligence. It provides compensation for bodily injury or property damage due to non-commercial or non-engine related causes.

It ensures that your coverage will always stay at 80% if the cost of replacing your home rises due to inflation in the economy. The insurance company will make the necessary changes to the policy throughout life. The inflation protection certification is only available in some companies. If you are interested in this coverage, you can consult with your insurance agent.

A safe home is the owner’s best friend. Knowing that your doors are closed, that your fire alarms are on, and having a fire extinguisher on hand will help you sleep more comfortably at night. With that said, home insurance is also a home insurance provider’s best friend. Home insurance premiums increase based on the security risks of your home; So, by making sure your home is safe, you minimize the risk of damage from preventable and preventable events like fire and theft. You can keep your home safe by installing security and window locks, fire alarms, sprinkler systems, and burglar alarms, as well as placing fire extinguishers in strategic locations. Routine checking of electrical lines and pipes will help you prevent unnecessary household accidents.

Keeping in good contact with your insurance provider and the agent is one of your best options for saving on your premiums. Some insurance companies offer different discounts that you may not be aware of, such as retired homeowner discounts or annual deductions, depending on the time you’ve spent with your insurance company. Keeping an open line with your provider and reviewing your home insurance policy every year helps you make any necessary adjustments and get more discount opportunities.

It will compensate you for damage to your home and personal property. Most life insurance policies also cover 30-party structures such as detached garages and tool canopies. It is best to work with your insurance agent to determine how much coverage you need. The property damage policy generally does not provide coverage for motor vehicles. If the motor vehicle is not licensed, it may be eligible for compensation. Your agent can help you find a life insurance policy that provides coverage for your car or other recreational equipment. Expensive personal items, such as gold plates, silver plates, money, diamond rings, and necklaces, are subject to limited coverage. If you want comprehensive insurance against this personal property, you must purchase additional insurance.

You will pay the medical bills for the injured party, such as your family or your pet. You will pay compensation regardless of whether the accident was caused by you or by another party. Medical coverage does not provide compensation for injuries caused by your work at home. In addition to the essential covers, you can also choose to add other covers such as:
It offers comprehensive coverage for your home. Interested customers should increase their insurance payments from time to time to control the inflation rate.

It provides coverage against expensive properties. Examples of costly possessions include jewelry, silverware, and stamps. Coverage for these items may exceed coverage for your home. This optional coverage is usually more comprehensive than home insurance. Clients do not have to pay a discount for this coverage.

Finding ways to cut costs on just about everything is becoming popular nowadays as people are now trying to find ways to spend less on the things they generally pay for. That includes home insurance policies. As a homeowner, monthly home insurance premiums may be prohibitively expensive, but there is a way to reduce this and help mitigate monthly financial expenses. Here are some things to keep in mind to save more on your premiums.

You might think doing these things is expensive, and it is at first. But insurance companies generally offer steep discounts for homeowners whose homes are safe and well-protected, and these discounts can go as high as 20%. And if you think about it, that could be in the thousands every year, which could mean a lot in the long run. And more than that: Installing security locks and security equipment in your home is a great step in protecting everyone in your home from unfortunate accidents.
You can also save on your home insurance policy by increasing your deductibles. The average discount for standard home insurance generally starts with the lowest rate. Raising your deductibles means cutting your premiums and reducing your home insurance provider’s exposure to your insurance claims. That has been a popular way to save premiums because the chances of filing a claim are slim. But again, remember that while disasters don’t hit anyone else in the world, they can hit you at some point. If you’re willing to take a higher risk by getting a little less than you usually would, then increasing, your deductions will work well.

Creating a Dog Friendly Backyard For Landlords

Creating a Dog Friendly Backyard For Landlords

It is standard for rental contracts to not allow tenants to have pets. It is obvious why: pets have claws which can damage furniture and decor, they have fur that can be almost impossible to clean away, and they can cause a nuisance to neighbours.

Most tenants understand why landlords are generally reluctant to take pets, but that does not mean that they are always willing to give up their furry friends when they move into a new rented property. The growing number of renters who have been forced out of home ownership may have had their well-loved pets for years. Finding that they cannot get a landlord who will allow them to have pets, they often decide that they will keep their pets regardless, and hope they don’t get found out.

Landlords who find that their tenants have been keeping pets against their contract terms are, of course, within their rights to evict. But with Britain being such a nation of pet-lovers, would it be better if landlords took a more flexible view of pets in their properties? Given the risk that tenants will move their pets in regardless, it can be best to allow pets, but only if certain conditions are met. There are ways for landlords to protect their homes against pet damage.

-Talk to the tenants’ previous landlord before you let – ask for a reference for their pet, as well as for them.
-Consider the type and number of pets: a single cat or small dog is much less likely to cause problems than several cats or a couple of big dogs.
-Ask for an extra deposit to cover any damage caused by the pets.
-Carry out regular inspections to check for damage. If there is any, ask tenants to make it good themselves or you may have to go through your landlords insurance.
-Impose extra conditions on the tenancy: for example, pets to be kept in at night, or tenants to redecorate at the end of the tenancy.

Landlords who do allow pets may find that they reap rewards. Tenants who may have spent several frustrating weeks looking for a landlord who will allow them to keep their pets are likely to want to stay put for a long time rather than repeat the process.

Is it actually possible to own a dog and still have a well manicured, aesthetically pleasing back yard or should you be resigned to a garden full of holes and half trampled plants? The fact is with a little thought, planning and help from a good landscaping professional, a dog friendly landscape is not out of the question. Here are some tips on how to add dog friendly elements to your garden without sacrificing curb appeal and style.

All dogs need exercise, even the very small handbag sized ones so create designated pathways for them to walk, run and patrol. Creating a dog run in your backyard will not only show your canine where he can and cannot roam, it will also help him believe that he is doing his job, patrolling the premises and keeping the humans safe.

If you dog has already created his own pathways through the garden, which many are apt to do, if possible Lentor Mansion follow those and make them more permanent. Adapting to his preferences may be far easier than trying to train him to follow a completely Bukit Batok EC new path.

If your dog is the Houdini type then some kind of boundary will be called for. Many homeowners are opting for those electronic invisible dog fences that keep Fido in by sending a small electric shock to his collar. These are safe as long as they are installed by someone who really knows what they are doing. The “fence” should be calibrated to your dog’s specific height and weight, otherwise it may not only fail to work but actually harm your dog as well.

Canine waste can ruin the appearance of your landscape as well as make it rather hard to navigate. Designating a specific doggie toilet space can solve that problem. Set aside one spot in the garden and train Fido that he goes there and nowhere else. To encourage him to accept this cover that designated area with a material that he will approve of as well as one that will clean easily. Flagstones, pea gravel and cedar chips are all good choices.

Many animal experts say that if your ornamental plants and flowers are densely planted dogs will tend to stay away by themselves. To make sure though plant in raised beds and consider erecting a temporary ornamental boundary until all your new plants have taken root and Fido has also realized they are off limits.

There are a number of plants that are not at all dog friendly. The effects of these poisonous plants can range from mild tummy upsets to death so consult with a landscaper to make sure the plants you are choosing are not unsafe for canines.

Creating a Dog Friendly Backyard For LandlordsWeeds can also be poisonous, especially wild mushrooms and foxtail grasses, so regular weeding is essential for your pet’s safety as well as the maintenance of the neat appearance of your new dog friendly garden.

Installing Hardwood Floors for Your Bathroom

Installing Hardwood Floors for Your Bathroom

Installing Hardwood Floors for Your Bathroom

Climbing out of a warm bed first thing in the morning only to shiver in a freezing cold bathroom is enough to send anyone running back to the sheets.

Most radiators in bathroom suites are linked to a central heating system, so when the heating comes on, the bathroom will warm up. Bathroom heating has come a long way over the years, and the radiator itself can be stylised to the feel of the bathroom. Age and decoration of the house and the bathroom suite itself will often dictate the style of radiator to choose, from elaborate Victorian to minimalist Art Deco or something more eclectic.

If you are trying to cut down on central heating bills and heating unused spaces, then you may choose to have a free-standing electric radiator or electric towel rail. Both these can be switched on as and when needed; and thermostatic radiator valves and timers can provide temperature control and preset facilities for more flexible use. Heated towel rails are especially handy as they have the added functionality of keeping your towels dry and warm in addition to your bathroom suite.

A new craze in bathroom heating is under floor radiant heating, which is becoming more and more popular. Electric under floor mats provide evenly distributed warmth across a tiled floor and dry wet areas quickly. Under floor heating will also make your bathroom suite safer and healthier, as a dry floor will prevent slipping accidents as well as deter the build up of mould. New systems are also cost effective where intelligent thermostats provide memory heat control and preset facilities, and when set up correctly with proper insulation, can reduce energy bills by as much as 20%.

Bamboo wood flooring provides an excellent alternative to traditional residential flooring. Growing in popularity as an alternative, bamboo flooring has many attractive features that make it a viable option for modern homeowners. Although harvested primarily in China, bamboo flooring can now be found easily in both European and North American markets. Many early adopters of bamboo flooring point out its environmental friendliness. The bamboo plant regrows very quickly when compared with the time it takes a forest to regrow. In fact, the bamboo plant is considered a grass, as it grows much quicker than any tree. When done responsibly, bamboo plant harvesting can be done without causing any permanent damage.

How does bamboo wood flooring compare with traditional hardwoods? High quality bamboo flooring provides a tougher surface than even the rarest and most expensive hardwoods. Moisture does not affect bamboo in the way that hardwood suffers from water damage. Where traditional hardwood may buckle and crack due to water exposure, bamboo flooring will keep out water without a problem. Bamboo flooring is engineered like a laminate and treated under extremely high pressure with a high quality adhesive. This makes bamboo flooring extremely hardy and resistant to abrasion, where a hardwood floor would end up showing scratches. Bamboo flooring has become a great deal more affordable in recent times as well.

Best of all, bamboo flooring can typically be installed at home without any professional assistance. Like many of the newer hardwoods, bamboo flooring is produced with a tongue and groove construction, making them considerably easier to install. Before installing a bamboo floor, let the planks to adjust to their new environment for no less than 72 hours. Although bamboo flooring does not suffer from water damage like hardwood, they do need some time to adjust to the new environment before installation.

What steps need to be taken in order to provide upkeep for a bamboo floor? Upkeep requirements are fairly simple for bamboo flooring. Make certain to sweep and mop the floor after it is laid down. Regular dusting and sweeping should be done after installation. This will prevent dust and dirt from collecting on the finish. A mat should be placed at the entrance to prevent dust and dirt from coming into the room. Dirt and small rocks can easily scratch the finish, and a mat can go a long way in preventing this problem.

Hardwood floors are a beautiful and stylish addition to a home. Installing hardwood floors can be a challenging task, but the reward of having elegant flooring make it worth the task. People can install this type of floor themselves as long as they follow the proper steps.

The following is a guide to installing your own hardwood floors:

  1. The first thing you have to do is decide what type of wood flooring you will use. There are a number of different styles of wood flooring available. You can pick from a variety of widths and thickness. The most common type of wood is Oak. There are also different grades such as Clear (contains very little marks), Select (a light grain with little marks), Number 1 Common (various hues and a few marks), and Number 2 Common (a number of marks, knots, and discoloring). Maple and Birch are also popular wood for flooring.
  2. Once you have chosen the hardwood flooring, you have to measure the room. Gather the necessary installation tools such as a nail gun, chalk and pencils, tar paper, spacers, and a pry bar. Lay out the pieces to make sure you have enough flooring. Measure the room to create a center line and mark it with chalk.
  3. Insert spacers around the edge of the area to create a slight space.
  4. Choose the boards (planks) for the first row. Place the first set of planks while making sure the groove side is next to the wall. The flooring is typically placed parallel to the longest wall. Lay the longest pieces at the doorways and use the shortest pieces for the rest of the room. Nail the boards into the floor joists and set the nails. After completing the first row, continue by placing planks using a floor nail gun. Place the edges over one another, roughly 4 to 6 inches apart, and glue the seams down.
  5. Use spacers between the planks for the boards to get larger and smaller naturally. Angle a nail over the tongue every 6 inches for planks. Tap the planks into place.
  6. Use a pry bar to snap the last board into place when you arrive at the last row.

The hardwood floor installation process can take some time, but when done properly, you will be pleased with the results.

Types of Freezers and Kitchen Sinks in The Market

Types of Freezers and Kitchen Sinks in The Market

There are many people, who cannot differentiate between refrigerators and freezers. Though these two devices are very similar in terms of their application or use, they also have differences and hence the need to categorize each of them individually. Freezers, just like refrigerators are used to store foods. They ensure this by providing very cold temperatures that bacteria or other organisms that cause food spoilage cannot survive in. One of the most significant differences between the two is in the temperatures they provide. While refrigerators do not offer extremely cold conditions, freezers can go as low as -18° C. This means that they can store food for longer and ensure that it does not get spoiled.

So, what are the different types of freezers? Chest freezers are the most common type. They normally have a height that does not exceed the waist and are very efficient in terms of energy. In fact, they can keep the food cold for a very long period of time, even when there is no power. The dominant feature with such freezers is the hanging basket, where food is stored. Actually, these baskets are used instead of the normal shelves and drawers that are common in other types of freezers as well as refrigerators. Chest freezers make very economical utilization of space and are considerably affordable. However, retrieving food that is stored in the deep ends may be very cumbersome.

The second type is known as Upright freezers. Unlike Chest freezers, they are completely made with shelves, some of which are removable. They come as a single unit and may have one or two doors. This type is more suitable for a medium sized family that does not freeze huge quantities of food. The good thing with these freezers is that they have the manual defrost feature that ensures that the cabinets on the inside remain frost-free. They occupy comparatively small space and are therefore ideal to be kept in the kitchen. Their shelves and cabinets are perfectly arranged and thus, getting things in and out becomes very easy and fast.

There is a type of freezer, which is combined with the refrigerator to form one huge compartment. It is known as the Refrigerator-Freezer Combo. This is a very popular design among many homes as it helps in saving space. In such designs, each of the two compartments has separate thermostat that functions differently to achieve required results. However, most of these systems are not adequate especially for large families that have lots of freezing needs.

If you visit supermarkets and malls, you will find very large compartments that are used to store ice creams and other products that are required frozen. These compartments are known as Walk-In Freezers and have very heavy insulation to ensure that whatever is stored remains frozen for a long time. They are also very common in restaurants and fast foods. The other type, which is almost similar in terms of freezing capability, is the Portable Freezers, which are very easy to move around. They can keep food cold for a long time even in the absence of power.

One of the most important parts of a kitchen is its sink. From washing your hands to cleaning vegetables for dinner, the sink is integral to the kitchen’s function. When you are remodeling your kitchen, choosing the sink that is perfect for your needs and style is a necessity. Here, a guide to the different popular sink models that you may want in your new kitchen.

 A drop-in sink is the most common kitchen sink model. These sinks are easy to identify because the lip of the sink is above the countertop. The sinks, quite literally, drop-in from the countertop and are held in place by that lip. The primary benefit of a drop-in sink is that they are fairly easy to change out. The hole cut in the countertop to hold the sink is not visible thanks to the sink’s lip; this means a new sink of relatively similar size can be switched out at a later time.

 In contrast to the drop-in sink, an undermount sink sits below the edge of the countertop. Typically, these sinks are in solid surface countertops, like granite or marble. A hole is cut in the surface specifically for the sink. This makes the undermount sinks less replaceable, as the hole cannot be masked. Undermount sinks are aesthetically pleasing because of the natural way the countertop ends over the sink. These styles are also easier to clean than drop-in sinks.

Also known as a farmhouse sink, the front apron sink has an exposed front, thus giving it the name. The bowl of the sink is a rectangular basin. This style was common in old farmhouses. These sinks can be either undermount or drop-in styles. If your home is modern, then the seamless sink is the best addition to your kitchen. With this style, the kitchen and countertop are one, seamless piece. The look is very sleek. It is also the easiest style to keep clean, which is a great benefit.

Not surprisingly, trough sinks are exactly what they sound like. Long like a trough, these sinks can fit multiple people doing dishes or prepping food. These sinks often also have multiple faucets to fit the longer basin.

Types of Freezers and Kitchen Sinks in The Market

Strong Heavy Duty Brackets For Your Home That Can be Found Online

Strong Heavy Duty Brackets For Your Home That Can be Found Online

Strong Heavy Duty Brackets For Your Home That Can be Found Online

Today there are various furniture stores from where one can easily access over the internet and buy dinning room furniture online. However not all may be actually what they seem to be on those sites thus it requires that one be very specific to details before placing an order of purchase.
In finding the best furniture store from one of the dining room furniture online sites, there are a number of issues and details that one needs to put into consideration. These are:
1. Quality.
The best dining room furniture including chairs, tables and other accessories should be of great quality in terms of looks and also the material used in their manufacture. Invest in those that are made of solid wood rather than plywood. Do not be scared by the prices because cheap is always ‘expensive’ and there would be no need in spending a little amount of money in furniture that is going to be replaced or repaired after a very short duration. Durability is all that matters and so look for furniture stores which offer nothing short of that.
2. Simplicity.
Do not go for dining room furniture that are upholstered since they become boring after sometime. It is always wise to look for those that are simple in design and shape, you can always easily be able to dress them up or make changes on their looks after some time to go with the mood that you might want to create in your dinning room or for different occasions. Upholstered furniture are prone to a number of damages like getting torn, stained and even at times difficult to clean. To maintain their looks you will have to re-carpet them after every time and this can be very costly so it is best to look for those furniture stores, which offer simple dining room furniture.

3. Comfort
The dining room should be a place that offers ultimate relaxation because you need to be composed while eating. You need to look for that store which has the kind of dining furniture that is comfortable to sit in, they should not be like the chairs and tables in the sitting room but ones that give an upright sitting position. This will even let you and your loved ones enjoy your food and moments.
4. Price
Since you are buying dining room furniture online, you will require to do a lot of research and comparison in the prices of the kind of dining room furniture that you may want to purchase. The pricing should be inclusive on the shipping costs so that delivery is made easy and Tengah Plantation Close EC for convenience. You will also need to compare the rates of discounts and offers that are attached to different dining room furniture. Do not just look barely at the general prices because you might find one that looks expensive but has so much other accessories that come with the purchase and would be better than just a cheap one which has no other extra benefits. However, you need not be scared of prices since you only need to find that item which has value for your money. Not too expensive and not too cheap but just in the range that you can afford without much strain.
Many houses now do not have adequate storage space. Putting more cabinets and cupboards in your home can increase your storage space. To make sure that your new shelves stay where they are supposed to you will need to get heavy duty shelf brackets. The kind of shelves you put in does not matter, strong brackets will be need to keep them on the wall.
Steel, because it is strong and inexpensive, is the most popular material of choice. It can also be found easily in most hardware stores. It is also a very durable material, which is great for what you are doing. It does not even rust because of wear and tear. They are now available in many designs and colors.
The brackets you will need must be durable and strong enough to hold the shelves weight and also the weight of the stuff you put on them. Thus, before buying your materials, it is good to a have an idea of what you are going to be storing on them.
Having the right dimensions is very important before you start putting holes in your wall. A good tip is to draw your lines with a pencil or pen making sure that your lines are parallel with the floor. If your dimensions are off even just a little, your shelves will tilt. You should always ask for help if you do not feel up for doing it by yourself.

Heavy duty shelf brackets are often used for things other than storage. They are utilized to support many bathroom and kitchen sinks. They are also used in the design of some floating tables. These things need a strong support system or else they will end up falling.
The most common mistake that people make is not having their measurements correct, or not having strong enough brackets. To prevent damage to your items, shelves, and your wall, take the extra time to ensure that these two things are taken care of.

Fall in Industrial Property Rent During Covid 19

Fall in Industrial Property Rent During Covid 19

Fall in Industrial Property Rent During Covid 19

Singapore based real estate giant, EdgeProp reported a fall in industrial prices island-wide of 0.4%. This figure is compared to the previous quarter, overall rents in the industrial sector dropping by 0.1% q-o-q. These latest figures are based on the statistics released on April 23 by JTC.

Impact of Covid-19 on the Rental Sector

When interviewed Brenda Ong, the head of industry and logistics at Cushman& Wakefield stated that the drop in rents and prices does not wholly reflect the impact that Coronavirus has had on the sector. When looking at the figures for this quarter, it must be taken into consideration that many transactions were carried out before Covid-19 and more still before the stricter social distancing measures were put into place in April.

The rental index for single-user factories dipped by 0.2% quarter-on-quarter, and that of multiple-user factories by 0.4%

Head of research of Southeast Asia at CBRE stated that the drop on rents is an indication of weakening sentiment, these sentiments being centered on the last part of the quarter. What this means is that these declines will carry on in the future and that the general outlook for the market will be very challenging indeed.

Further Drops in Factory Rents

It is not just possible but indeed very likely that in the future factory rents will experience further recline before recovery. This decline is predicted to be steeper, and set against a backdrop of disruptions in the supply chain. Included in these figures should be the existing vacancy that stands at a volume of 39.95 million square feet. On the other hand, rents for warehouse space will be partially cushioned by a short-term demand for space and by a limited supply pipeline. The short-term need for space however is not predicted to carry on into the next quarters, meaning that the real figures will only really emerge at the end of the second quarter of 2020, or indeed when the pandemic is deemed to be over.

Industrial Occupancy Rates

The rates of occupancy within industry are not too dissimilar from the fourth quarter of 2019, with the level still being high and at 89.2%. On the other hand, sales of both warehouse properties and factories have cooled. In the first quarter of 2020 there were only 179 transactions, this being a figure that has never been so low, since the 1st quarter of 2009 when just 161 sales were recorded.

The general consensus of opinion is that sales volumes will remain muted, as people simple adopt a “Wait and See” approach. Ong went on to say that due to the strict social distancing that has been in place during the last two months, the industrial market will continue to trend lower throughout the course of the year.

Expansion and Relocation Plans Shelved

Head of JLL Singapore consulting firm Tay Huey Ying reported that during the first two months of 202o there was a firm demand for quality spaces in the most popular business parks. During this same period, at the start of the first quarter of 2020, there was also an increase in activity in the warehousing market for shorter term leases. This shift in activity was due to the need to accommodate consumer items and medical supplies. A spike in e-commerce was also noted during this time. However, by the end of March, plans for relocation and expansion were in the most part shelved by industrialists. Instead of carrying out expansion or relocation plans, industries planned to renew existing leases as well as submitting requests for rebates on rent. With the future being so unsure, and there being no real timelimits to the state of alarm or an end date for the pandemic, business owners are erring on the side of caution. Now is not the time to think of expansion or relocation, as for many, there is no set date where production will return to normal, or indeed to what will be deemed the “new normal”

Recession in Singapore

Ong of Cushman& Wakefield has also predicted a likely recession for Singapore. Industrial rents may however be more resilient than the other local sectors. Within the industrial markets, bright spots may be seen in e-commerce, logistics, biomedical, and distribution companies. This predicted recession will no-doubt be a world-wide phenomenon, the poorest countries suffering most and falling into an even steeper recession.

During the height of the global recession of 2009, central region office rents fell by an astounding 26.1% between the last quarter of 2008 and the 3rd quarter of 2009. During the same time period, industrial rents only dropped by 16.8%. The bleak times of 2008 and 2009 are something that we had hoped were now in the past, forgotten, and never to be seen again. However, with the COvid-19 Pandemic, what we will see is a different type of recession that is different from the one we experienced just over a decade ago.

The pandemic is predicted to accelerate smart manufacturing and automation in Singapore. What this means is that in the future there will be less and less dependency on human workers. Ong stated that in order for this to become the future in Singapore, post Covid-19, there would be a higher demand for high spec factory spaces. What this means is that smaller and more local factories in Singapore and indeed across the globe will be pushed out of business. As the rules for de-escalation unfold across the globe, it is the smaller businesses that will suffer. It is the small business owners who cannot afford all the necessary alterations to his business. It is is smaller factories that cannot afford high-spec equipment and that rely on factory workers that will suffer most.