The vacancy rate for island-wide private homes was up to 5.5% in Q4 2019 – the lowest level in practically 7 years, according to Savills. In 2019, there were 11,345 uncompleted personal property systems introduced in Singapore, dramatically up from 8,769 systems in 2018, 6,020 units in 2017, however still far below the 15,885 systems launched in 2013, and 21,478 systems in 2012, according to URA.
The developers are expecting an excellent reaction for Sengkang Grand Residences as incorporated advancements are high and restricted in demand. In 2019, the federal government has revealed clear strategies to make Build-to-Order (BTO) public real estate quicker offered in mature estates, offering first-time home buyers access to more cost effective housing alternatives within such estates. The Singapore high-end property market, which carried out well above expectations in 2019, is most likely to do the exact same next year as brand-new launches continue to strike the marketplace.
Established by Singapore’s prominent designer CapitaLand & City Advancements, Sengkang Grand Residences is anticipated to TOP in Dec 2024, and has a total plot size of 401,012 sqft (37,255 sqm). Sengkang Grand Residences closest connectivity is to Buangkok MRT station which is simply 2 minutes of walk, There is also an upcoming new bus interchange near to this project. Address details -Sengkang Central/Compassive bow, Singapore, Developed by popular realty leaders – CapitaLAnd and City Advancement Limited.
The Sengkang Grand Residences Apartment is easily accessible through the Buangkok MRT station that serves the North-East Line. Set to emerge as the brand-new focal point for the Buangkok area, the upcoming incorporated advancement will inject vibrancy and enrich the way of life and community offerings for residents in the North-East area. On top of seamless connection to Buangkok MRT station and a bus interchange, locals will have easy access to major expressways such as CTE and KPE, that make the Central Business District a simple 20-minute drive away.
Launched by Prime Minister Lee Hsien Loong, the 11-storey Kampung Admiralty is the first Housing Board project to co-locate childcare and senior centres in one integrated development, aimed at encouraging inter-generational bonding. “This may be a small kampung… modest in scale but bold in ambition. We will make it succeed and when it’s successful, we’ll build more kampungs like this in future HDB estates,” said Mr Lee during a speech. The pilot program was conceived with the ageing population in mind. HDB has sought to develop new designs for an elderly population, and build flats, common areas and neighbourhoods that promote strong social support and community bonding, he said. The facilities at Kampung Admiralty are meant to encourage older people to exit of their homes and socialise with their neighbours and friends.