Tampines Street 62 EC Tender Launched by HDB

Posted on March 18, 2022 by ias

There are four Confirmed List sites and nine Reserve List sites that can yield a total of 7,045 private residential units and 101,200 sq m of commercial space. Among those sites, there are ten hotel rooms on the Reserve List. These lands are available at a minimum price of $1.2 million. Despite this, these properties are not necessarily the most expensive in Singapore. The price range in the GLS Programme Tampines EC 1H 2021 is significantly higher than that of its 2020 counterpart. The Confirmed List consists of four private residential sites and one Executive Condominium site. The number of homes produced by these sites is 17.2% higher than the total number of units in GLS 2H 2020. This is because more sites are available on the Reserve List than in the Confirmed List.

The Housing & Development Board has announced that it has launched a tender for an EC plot at Tampines Street 62. The EC site is zoned residential with commercial space at the first storey, yielding up to 605 residential units. The winning bidder will be notified of the award decision later. The prevailing land rate is $422 million psf ppr, which is the highest for an EC plot ever. This is the first time such a large plot in Singapore has been sold. It is expected to yield 590 residential units. Despite this high price tag, the EC will be a hot property in the region. The selling price of these properties is expected to be in the S$1,250 per square foot range. The price of the units will be set at about $1,250 psf. This is higher than the current average for EC sites.

The site is located in the quieter part of Tampines and has views of the Quarry Park and Bedok Reservoir. The location is also near educational institutes and is within walking distance to an MRT station. It also comes with full condominium facilities such as a 50-metre swimming pool and a jacuzzi. The price of the Tampines West unit is about $200K cheaper than similar new private units. The development is close to the Changi Business Park and the Changi Aerospace Park.

The site is on a 12.444-square-metre piece of land in Tampines. Developers can expect up to 375 units to be built here. However, there are still many other sites available in the area. The HDB will wait to launch the EC at Tampines Avenue 10 before putting it up for tender. In the meantime, they will likely wait for the overall market demand to determine which of the two sites will be a good fit for the developer.

The new executive condominium site is on the market, with an estimated price range of S$580 to S$630 per square foot. There are up to 10 bidders for the site, and the HDB hopes to close the sale of the project in 2023. The selling price of the Tampines Executive Condominium site is expected to be in the $1300-per-sq-ft range.

The Executive Condominum (EC) at Tampines Street 62 is scheduled to be completed in April 2021. It is located near the highly-rated Tampines Avenue 10 and is surrounded by HDB flats. It is also within walking distance to the proposed Cross Island Line MRT station. The development also offers easy access to a number of amenities including parks, schools, shopping, and the Pasir Ris MRT. The price for new ECs could exceed $1,200 per square foot (psf) when the Tampines plot is launched in early 2021. That is the average selling price of new ECs in Singapore. However, there is a catch. Developers may not be aware of the price range in ECs. They need to have a better understanding of what these sites will fetch before they start their bids.

The latest tender for Tampines Street EC has just opened. The upcoming MRT terminal in the nearby neighbourhood will help to increase its market value. It is also close to the town’s services, including the new upcoming Tampines North MRT station. With this EC development, you can expect to enjoy the benefits of a mature estate as well as a high level of investment potential. The Tampines Street 62 EC site is a prime plot of land in the central part of Singapore, with a site area of 301,391 sq ft. The development could potentially have 700 residential units. The project is located near green spaces and parks, making it an ideal location for investors. The last Executive Condominum in Tampines, Parc Central Residences, was launched in January 2021, and sold 543 units within the first four months.

The tender was launched on 15 April for the executive condominium development on this site. The site has a maximum gross floor area of 59,498 sq ft, and a 99-year leasehold. It is expected to yield around 700 residential units. The site is close to several public amenities, such as the Pasir Ris MRT station, and there are also several parks nearby. The last Executive Condominum in Tampines was Parc Central Residences, which had 700 units. The project was launched in January 2021 and sold out in four months.

How Mortgage Rates Affect Real Estate Prices

Posted on February 19, 2022 by ias

You’ve probably heard a lot about how mortgage rates affect real estate prices, but you may not know exactly how they affect home prices. This article will discuss why mortgage rates are an important factor for home prices and what they mean for the future of the housing market. Read on to learn more. This article will also help you understand why higher mortgage rates are bad for real estate. It’s a fact that not all people buy real estate with a loan.

Inflation has an impact on real estate prices, so increasing rates can lower prices. Rising interest rates can slow down the market, but rising demand may offset the negative effects of a higher rate. Although the Federal Reserve doesn’t directly control mortgage rates, it does influence the money supply, which is what drives home prices. As a result, when mortgage rates rise, home values fall. Inflation and other economic factors affect house prices, as they do for other commodities.

When home prices go up, mortgage rates fall. Inflation is one of the reasons why housing prices are high. If interest rates fall, they will also lower rents. Inflation can spread to other consumer goods, like food. Inflation can be detrimental for the real estate market, but it can be neutralized by strong demand. Inflation and mortgage rates can affect home prices. So, it’s important to understand the impact of rising interest and mortgage rates on the housing market.

When the Fed raises interest rates, it can slow down the real estate market and slow the overall economy. The fact is that higher interest rates don’t necessarily lead to lower prices of homes. But they can still be positive if the demand is strong enough. However, the Federal Reserve cannot control the actual interest rates. The Fed does influence the money supply, which is the amount of cash available to the market.

Low mortgage rates have boosted home prices across the country. The recent pandemic caused interest rates to fall, and national home values shot up. While the U.S. housing market recovered, the mortgage rate has been the driving force behind this boom. And it has boosted home prices significantly. If you’re wondering how mortgage rates affect real estate prices, keep reading. The latest trends in housing will keep you informed and make the market more competitive.

A rising mortgage rate can slow the real estate market. When rates are high, it can lead to a decrease in home prices. It’s a myth. While the Federal Reserve doesn’t directly control interest rates, it influences the money supply. If the money supply falls, home prices are expected to fall. This is because the Federal Reserve has a large influence over the money supply. The higher the interest rate, the less money there is to buy real estate.

The interest rate is a crucial part of the housing market. It affects the cost of borrowing money and affects the value of real estate. A low mortgage rate will stimulate the housing market, while a high one will lead to the opposite. Therefore, it is critical to consider the interest rates when buying real estate. You will want to avoid purchasing property in an area with high mortgage rates, because they’ll have to increase your monthly payment.

The most common myth is that rising mortgage rates will lower home prices. This is not always true. During the pandemic in the early 2000s, mortgage rates spiked, and housing activity soared. In contrast, the housing market has been remarkably stable since the late 1980s. As mortgage rates have dropped, housing activity will also increase. While the trend may be short-lived, there are other factors that can cause a housing bubble.

The first is that mortgage rates are very sensitive to real estate prices. In the early 2000s, mortgage rates rose in conjunction with the housing market. That means that the lower mortgage rates affected home prices. The subsequent booms in the early 1990s saw lower mortgage rates as a cause of the housing boom. The pandemic was accompanied by a huge increase in housing activity. In this case, the correlation between interest rates and house prices was very strong.

How Nearby Amenities Affect Real Estate Prices

Posted on February 19, 2022 by ias

New and improved amenities can have a significant impact on the value of a home. For example, proximity to a coffee shop can boost a property’s value by about 20%, while a nearby park can increase its value by about 30%. Additionally, homes that are located near a large shopping center can increase their values by anywhere from 19% to 35%. These factors should be considered when deciding where to purchase a home.

Another factor to consider is whether or not the area has access to parks or other amenities. Some community parks have barbecues and picnic facilities. Some neighbourhoods offer access to these areas. According to the CEOs for Cities, communities with easy access to recreational areas will increase property values. In addition to parks, a home’s proximity to public transportation can increase the value of the home. In addition to these amenities, a neighborhood’s location may be crucial if you want to maximize your investment.

In addition to recreational amenities, nearby neighborhoods also include grocery stores, restaurants, and shopping centers. These areas are popular with home buyers, and have many benefits for residents. For example, a location that offers easy access to a park or playground may command a higher price. Similarly, a neighborhood with easy access to a grocery store may be more desirable to buyers.

Other factors that influence the value of real estate include its accessibility to public parks. A community park with a picnic area and barbecue facilities is an attractive addition to the neighborhood. Similarly, a community park with a community center will be more desirable and command a premium price. The findings from these studies suggest that communities that have access to a park will be more desirable to home buyers. This effect is more pronounced when the park is larger.

While the proximity to a park or playground is not the only factor affecting the value of a home, proximity to a natural forest will have a positive impact on property prices. A home near a forest or golf course will command a higher price. A community with a lake or park will attract more people. A community with a large park will likely command a higher price.

Schools are another important amenity. The distance to a school or public park will determine the value of a home. Furthermore, safety is another major factor. Good schools are an advantage for home buyers. The safety of a neighbourhood will also impact home prices. A community with good schools will attract many buyers. It is also important to consider the neighborhood’s amenities. In the case of a forest, a park can be very attractive to homeowners.

Schools are another important factor. The presence of a park or public park in a community can increase the value of a home. In fact, it has been shown that homes near a park increase their value by 8% to $4,000, depending on the size of the park. Besides, a nearby park will also increase the value of a property. This is a huge plus for homebuyers.

It is important to note that open spaces can affect the value of residential properties. However, they can also affect the local government’s tax revenue. Therefore, having a park nearby will increase property values, while a neighborhood without a park will lower the value. If a community is near a park, then a home can be a great investment. You can even use it as a public space for your children.

The value of a home can be affected by nearby parks and schools. While the distance between two parks and schools is important, it is also important to consider the safety of a neighborhood. If you have a park nearby, it will increase property values. In addition to schools, you can also find public parks and swimming pools nearby. The convenience of these amenities will also increase home prices. The location of a community park will also increase the neighborhood’s overall quality.

Finding The Best Property Agent For Your Home

Posted on February 19, 2022 by ias

Buying a home is a huge decision, so finding the right property agent can be a difficult task. The best agents are highly experienced and are willing to help you, but the best way to find the right one is to interview several different ones before hiring them. Before you choose a real estate agent, make sure that you have a pre-approved mortgage and you know exactly how much you can afford. You can also talk to agents in your price range and ask them for recommendations.

A good listing agent will know the value of your home and will make it look attractive to prospective homebuyers. In addition, he or she will know the neighborhood well, so they can make the most of this. While agents can’t predict the sale price, they can show you similar sales, pending sales, and active sales in the area. A good agent knows what attracts home buyers, and you should choose someone who is familiar with the area.

Once you’ve narrowed down the list of agents, you need to interview each one. By doing this, you can determine if you’re a good match for each other. A good agent will be willing to answer questions to see if you’re comfortable with him or her. You’ll also have a better idea of how well he or she can market your home. While this may seem time consuming, it can prove to be worth it in the end.

The next step in finding the right agent is to evaluate the number of agents who have sold similar homes in your area. Many of these sites offer unbiased reviews, so you can rest assured that they’re a good choice. The best thing about StreetEasy is that it matches you with the perfect agent based on your location and preferences. Moreover, each listing is personalized, so your profile page will show the history of all previous transactions.

Personal referrals are the best source for finding the right agent. These recommendations are the most trusted, but they carry risks. Choosing the right agent for your home is subjective, and the choices of the agent are often dependent on your own circumstances. In addition, your preferences and price range are unique. An experienced realtor with the right knowledge and experience will be able to sell your home in the best possible way. If you don’t want to rely on a personal referral, you can try searching on the internet.

When choosing an agent, make sure you consider the experience of the agent. A great property agent will have extensive experience in your local area. They should be able to tell you about the market trends in the area. A good agent will be able to offer you the best options that fit your budget. If they have been in the business for a while, they should have a lot of experience selling homes in your neighborhood.

The best property agent will be able to explain the market trends in your neighborhood. They should also be familiar with the local real estate market. Having local knowledge is crucial when selling a home. The agent should be familiar with the local area and the properties in the neighborhood. They should also be familiar with the school districts in your neighbourhood. If the agents are knowledgeable about the neighborhood, they can better market their homes.

A great property agent is a local expert. They know the area and will be able to help you with the entire process. An agent should be knowledgeable about the current market trends in the area and have the necessary experience. If you are not familiar with the local real estate market, they should have a good idea of the neighborhoods in the area. An agent should also be familiar with the local laws, and should have a good understanding of the laws and regulations of the area they are working in.

If you are considering using a real estate agent, it is best to interview several of them. This will help you find the right agent for your needs and your budget. It is also a good idea to ask for references. A good agent will have a list of former clients and will be happy to show you their references. You should be able to ask them for these references and check their credentials. If the agents are not available in your area, it is probably a good idea to look for someone in another city.