E-brochure Includes Full Floor Plans For All Unit Types
The e-brochure for Seaside Residences at Siglap Link is now available for download. In addition to the site map, perspectives and unit distribution chart. The e-brochure will also contain floor plans with seven unique living space concepts. A trademark of Frasers Centrepoint, these concepts identifies with the needs of the homeowner to create both a functional and beautiful home.
Other than being located minutes away to the future Siglap MRT station. Seaside Residences is also the last seafront government land sales plot in district 15. The rare combination of these attributes has always place homes like these at a premium. However, based on the indicative price guide, the entry quantum looks attractive and priced to sell.
Official Indicative Price Guide
1 Bedroom from $7xxk
1 Bedroom + Study from $8xxk
2 Bedroom from $1.0x mil
3 Bedroom from $1.5x mil
4 Bedroom & Penthouses: To be announced
Seaside Residences showflat will open on the 8th of April 2017. For priority entry, shortlist Seaside Residences today.
Latest Offering Of Parcel D To Yield Around 715 Residential Units
In a press release on the 14th March 2017, URA announced the launch of a residential site(Parcel C) at Tampines Avenue 10. It is one of the sites under the confirmed list this 1st half of 2017 as part of the Government Land Sales Program. Parcel C is located along Tampines Avenue 10 and right in between Parcel B, and D. Parcel B and D has since been sold and is now known as The Santorini and The Alps Residences respectively.
With a land size of 21,717.7 sqm and a gross floor area of 60,810 sqm, Parcel C is expected to yield around 715 residential units. Developers can choose to build either condominium or flat units. They can also include strata landed houses as part of the unit mix provided there is prior written approval. With such proximity to Tampines Quarry, it is likely for this new development to feature units that oversee the majestic waterbody. A standard feature that is common in land parcels A, B and D.
Although there are still available units at The Santorini and The Alps Residences. Sales are consistent* and it is unlikely that new plot will result in an oversupply of housing in the area.
The tender for Parcel C will close on the 25th April 2017. More details of this residential site are available at URA’s website.
*The Alps Residences 382 units sold, The Santorini 396 units sold. As of 16th March 2017
Last 3 Bedroom + Utility Sold
With 1390 residences and 9 commercial units, High Park Residences is one of the largest project launched in recent years. Despite having such a large inventory, it obtained sold out status yesterday. Selling out everything within 20 months from the first day of launch. And as such, becoming the 9th project to reach sold out status this 2017.
Changes In Seller’s Stamp Duty, TDSR and Share Transfers
In a press release by the Ministry of Finance on the 10th March 2017. The government has announced modifications for some of the cooling measures implemented earlier. These include calibrated adjustments to Seller’s Stamp Duty (SSD), Total Debt Servicing Ratio (TDSR) as well the transfer of shares in companies whose primary assets are residential property in Singapore.
Changes In Seller’s Stamp Duty
The Seller’s Stamp Duty implemented on the 14th of January 2011 was a means to deter speculation. Purchasers who bought on or after this date meant that they have to hold onto their property for a said time frame. Otherwise, they would be liable to pay a stamp duty. Based on a progressive model, the SSD is lower when the holding period is longer. The new SSD however, will see a reduction in both the quantum as well as the holding period.
Seller’s Stamp Duty From 14th January 2011 to 10th March 2017
|Holding Period||SSD Liable
(% Based On Actual Price Or Market Value, Whichever Higher)
|Up to 1 Year||16%|
|More than 1 year and up to 2 years||12%|
|More than 2 years and up to 3 years||8%|
|More than 3 years and up to 4 years||4%|
|More than 4 years||No SSD payable|
Seller’s Stamp Duty From 11th March 2017 Onwards
|HOLDING PERIOD||SSD LIABLE
(% BASED ON ACTUAL PRICE OR MARKET VALUE, WHICHEVER HIGHER)
|Up to 1 year||12%|
|More than 1 year and up to 2 years||8%|
|More than 2 years and up to 3 years||4%|
|More than 3 years||No SSD payable|
Changes In TSDR Framework For Mortgage Equity Withdrawl Loans
Not be confused with the current TDSR Framework. This shift applies to only mortgage equity withdrawal loans and not new property purchases. For example, Mr Tan is holding on to an entirely paid property of $1 mil. Under this new framework, Mr Tan can cash out and withdraw 50% of the asset price, effectively taking a loan amount of $500,000. Before this, Mr Tan is required to substantiate this loan amount with a debt not exceeding 60% of this monthly income. The new change will allow Mr Tan to cash out despite having no income. This move is expected to benefit retirees who are asset rich. However, in spite of these changes, banks do have their internal checks, and loan quantum and terms may ultimately vary.
Stamp Duties Payable For Transfer Of Equity Interest In Entities Whose Main Assets Are Residential Properties in Singapore
Previously, to avoid paying hefty Additional Buyer’s Stamp Duty or the extension charges of the Qualifying Certificate Scheme. Developers utilise the transfer of shares to change ownership and ultimately find a loophole to avoid these taxes. To plug this loophole, the government will treat these transfer of shares no different than a property transaction. This change does not affect individual retail shareowners of the listed company but rather place emphasis on entities that are considered Property Holding Entity (PHE).
More details about this press release are available at Ministry of Finance Singapore.
E-brochure Includes Full Floor Plans For All Unit Types
The e-brochure for Park Place Residences at Paya Lebar Quarter is now available for download. Comprising of 43 pages, half of it features the floor plans of all 5 unit types. Ranging from the good sized 1 bedroom all the way to the 3 bedroom premium that comes with a domestic helper’s room. Every single layout is now available for reference. The official price guide is out as well, with prices starting from $780k
Indicative Pricing Of Units On Launch Day
1 Bedroom from $780k
2 Bedroom from $1 mil
3 Bedroom from $1.6 mil
To enjoy fuss-free viewing and skip the queue on preview day tomorrow, shortlist Park Place Residences to request for your express pass today.
Units Now Ready For Immediate Occupation
Jointly developed by Wingtai and Metro Holdings. The Crest is a signature product that is consistently seen in Wingtai’s portfolio of developments. Beautiful, bold and equally iconic, this latest addition in District 3 has completely changed its skyline. While it is possible to view the majestic structure from the outside, why not become an inhabitant on the inside? The impressive building, coupled with an address that speaks of royalty, is truly magnificent. For an experience to view the actual show suites, shortlist The Crest for an appointment today.
Last 3 Bedroom Sold
With units selling on a consistent basis. It is not surprising for the almost sold out Rivertrees Residences to achieve 100% sold status today. Joining the long and growing list of sold out developments this 2017.
Zoning Consists of Both Commercial And Residential Components
In a press release on 6th March 2017, HDB announced the launch of a public tender for a mixed-use site at Upper Serangoon Road. Consisting of both commercial and residential elements, this latest addition is part of HDB’s plan to transform Bidadari estate to an urban oasis. An urban sanctuary where residents can enjoy proximity to the city. And yet experience a 10-hectare green oasis at the heart of the estate.
Future Residents Get The Best Of Both Worlds
With a location that is beside Woodleigh MRT station and the under construction Alkaff Lake. Future Residents enjoy the best of both worlds. Be it greenery or accessibility; both are mere minutes walk away. Additionally, this new development will feature an integrated community centre with a neighbourhood police post. It is also directly linked via an underpass to the bus interchange at Woodleigh Village BTO. However, with everything under your feet; you might not even need to travel anywhere else.
The site has a land size of 25,440.8 sqm and is expected to yield around 825 residential units. As with the current Government Land Sales(GLS) program, tenure is 99 years. More information on the tender is available at HDB’s website.
Final 4 Bedroom Unit Sold
With the last 4-bedroom sold, this 912 unit condominium at Pasir Ris Grove is now completely sold out. Meanwhile, the neighbouring Coco Palms, also developed by CDL, has seen very positive take-up rates as well. Standing at 93% sold*, it is only a matter of time before the supply of new homes in Pasir Ris runs out.
*As of 6th March 2017
Relaunch To Feature 3 Brand New Show Suites
With its TOP Status obtained, the relaunch of Marine Blue will now feature units that are ready for immediate occupation. Located at Marine Parade Road, Marine Blue offers residents sheer convenience just a stone’s throw away. Especially for those who enjoys the quaint and chic character that is uniquely Katong. You could either head to i12 Katong for a late night movie or embark on a gastronomical journey along the many shophouses. Every day can be a new adventure. Besides, the completion of the new Thomson-East Coast Line will only expand your world. Heading to Gardens By The Bay or Orchard Road will only be a train ride away.
While the two bedroom units are 100% sold, there is still a good selection of 1 bedroom + study units left. Buyers can choose between the typical unit or that of a loft concept living. Both of which offers very different lifestyle options. Alternatively, those looking for something more luxurious could opt for the pool terrace units. Not only are these units bigger in size but they offer full privacy with their personal car park lot and private lift lobby. Additionally, every pool terrace unit comes attached with its own private pool or jacuzzi.
For an invitation to view the three brand new show suites, do shortlist Marine Blue and we will get back to you shortly.