New Project In Sengkang District 19 - Sengkang Grand Residences By CapitaLand & CDL

SENGKANG GRAND RESIDENCES

About Developers

CapitaLand

CapitaLand is one of Asia’s largest diversified real estate groups. Headquartered and listed in Singapore, it owns and manages a global portfolio worth over S$103 billion1 as at 31 March 2019. CapitaLand’s portfolio spans across diversified real estate classes which includes commercial, retail; business park, industrial and logistics; integrated development, urban development; as well as lodging and residential. With a presence across more than 200 cities in over 30 countries, the Group focuses on Singapore and China as its core markets, while it continues to expand in markets such as India, Vietnam, Australia, Europe and the USA.

CapitaLand has one of the largest real estate investment management businesses globally. It manages eight listed real estate investment trusts (REITs) and business trusts as well as over 20 private funds. Since it pioneered REITs in Singapore with the listing of CapitaLand Mall Trust in 2002, CapitaLand’s REITs and business trusts have expanded to include Ascendas Reit, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust, Ascendas India Trust, CapitaLand Malaysia Mall Trust and Ascendas Hospitality Trust.

1 CapitaLand’s assets under management is over S$123 billion with the completion of its acquisition of Ascendas-Singbridge by end June 2019.

City Developments Limited (CDL)

City Developments Limited (CDL) is a leading global real estate operating company with a network spanning 100 locations in 28 countries and regions.

Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalization. Its income-stable and geographically-diverse portfolio comprise residences, offices, hotels, serviced apartments, integrated developments, and shopping malls.

With a proven track record of over 50 years in real estate development, investment and management, CDL has developed over 40,000 homes and owns over 18 million square feet of lettable floor area globally.

Located in prime district 19

‪Sengkang Grand Residences is an integrated Development consisting of Residential, Retail and Community Amenities such as Food Centre, Community Club, Childcare Centre with Connection to Buangkok MRT/Bus Interchange at Sengkang Central.
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Tranquillity Neighbourhood

The freedom to live comes from the freedom to choose. That’s why a life at Sengkang Grand Residences is underscored by diversity. Whether it’s a morning coffee, the convenience of food court dining, or even grocery shopping for your home party, all you seek is within reach.
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Site Plan & Facilities

Glow in the radiance of never-ending merriment. Dip into the Pool and savour the sun at the Pool Deck. Unwind your mind, body and soul at the cosy Lounge. Feel the Jaccuzzi wash away your worries or experience the holistic invigoration of a sizzling work-out at the Gymnasium.
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Tranquillity Neighbourhood

The freedom to live comes from the freedom to choose. That’s why a life at Sengkang Grand Residences is underscored by diversity. Whether it’s a morning coffee, the convenience of food court dining, or even grocery shopping for your home party, all you seek is within reach.

For more info & details, visit https://sengkanggrandresidencesofficial.com/

Sengkang Median Resale Prices For Registered Resale Applications (2nd quarter of 2019 to 1st quarter 2018)- HDB

The following table shows the median resale prices by town and flat type for resale cases registered in the 2nd quarter of 2019 to 1st quarter 2018

Legend

Here are the notes and legends for the symbols used in the following table:

• (-) indicates no resale transactions in the quarter
• Asterisks (" * ") refer to cases where there are less than 20 resale transactions in the quarter for the particular town and flat type. The median prices of these cases are not shown as they may not be representative
• The data excluded transactions that may not accurately reflect the market price, i.e. resale of part shares, resale between related parties, cases under the Conversion Scheme, resale of terrace flats, and converted flats
• The figures are rounded to the nearest hundred dollars

Source: HDB Resale Statics

BTO OR RESALE FLAT? - EdgeProp

So, the big question has been popped. The next big question is: Should you get a Build-To-Order (BTO) or resale HDB flat for your first home?

Well, the answer depends on the following factors:

• 1. Your budget

• 2. Urgency of your housing need

• 3. Your preferred location, if any

What is your budget?

If you have a tight budget, you should consider BTO flats which are heavily subsidised. The subsidy means that BTO flats are priced below market value. What’s more, there are various housing grants in place to help Singaporeans own their homes. Eligible first-timer families could receive up to $80,000 of grants for BTOs, or up to $90,000 for a resale flat.

Tip: Get an estimate of the monthly HDB/bank loan repayments, based on loan amount, loan tenure and interest rate.

Do you need a new home urgently?

If you need a new home quickly, a resale flat may be your answer. You can buy a resale flat anytime, without having to wait for the BTO sales launches.

A resale flat transaction could take as little as 8 weeks, assuming all necessary documents are submitted promptly via the HDB Resale Portal. The waiting time for a BTO flat is generally about 3 to 4 years from flat application to key collection.

Tip: You can check the transacted prices of resale flats that you’re eyeing on the HDB InfoWEB.

How particular are you about the location?

Be prepared to have to pay more for a resale flat if you prefer to live in a mature estate. The good news is, you could receive a Proximity Housing Grant of $20,000 if you buy a resale flat within 4 km of your parents’ home; or $30,000 if you arestaying with your parents.

If you are not particular about the location, you can also consider the flats under the Re-Offer of Balance Flats (ROF) exercise where the waiting time is likely to be shorter.

Tip: Subscribe to the HDB eAlert Service for the latest updates on upcoming sale launches.

Did you know?

• 1. First-timer couples who are full-time students or National Servicemen, or have recently completed their studies or National Service, can apply for a flat first, and defer the assessment of income for housing grants and loan till just before keys collection.

• 2. In the August 2018 BTO sales exercise, HDB launched the first batch of flats with shorter waiting time. As these flats are constructed ahead of their sales launch, the waiting time is shorter at about 2.5 years.

• 3. You can rent a flat at below market price from HDB under the while waiting for the completion of your BTO flat.

This article first appeared on MyNiceHome, HDB’s official website for all things related to home buying and renovation in Singapore.

By Eunice Woo / MyNiceHome | August 28, 2019 8:55 AM SGT

Source: EdgeProp

Buyer's Salesperson step-by-step guide on HDB Resale Portal - HDB

Here is an overview of the resale process.

Buyers are required to register an Intent to Buy via the HDB Resale Portal. Through the portal, buyers will be guided on their buying journey and can track their transaction.

As a salesperson, you should:

• Guide your buyers to register an Intent to Buy
• Assist them in their financial planning and application for a housing loan  (if required).
• Advise your buyers on the recent transacted prices and assist them in price negotiation with the sellers
• Go through the important notes of the Option to Purchase and explain the clauses of the contract with your clients. Ensure that your client understands the clauses of the contract before they commit to a flat purchase.
• Assist your buyers to submit the resale application through the HDB Resale Portal or Estate Agent Toolkit (if your agency is a subscriber), and adhere to the timeframe given. You should also assist your buyers in the preparation and timely submission of documents to HDB in order not to delay the resale transaction.
• Guide your buyers on the requirements and things to prepare before attending the resale completion appointment
• Lastly, advise your buyers on the conditions after buying a resale flat

Source: HDB

Seller's Salesperson step-by-step guide on HDB Resale Portal - HDB

Here is an overview of the resale process:

Sellers are required to register an Intent to Sell via the HDB Resale Portal. Through the portal, sellers will be guided on their selling journey and can track their transaction.

As a salesperson, you should:

• Guide your sellers to register an Intent to Sell
• Assist them in their financial planning and estimation of their sale proceeds
• Advise your sellers on the recent transacted prices and assist them in price negotiation with the buyers
• Go through the important notes of the Option to Purchase and explain the clauses of the contract with your clients. Ensure that your client understands the clauses of the contract before they commit to sell their flat.
• Assist your sellers to submit the resale application through the HDB Resale Portal or Estate Agent Toolkit (if your agency is a subscriber) and adhere to the timeframe given. You should also assist your sellers in the preparation and timely submission of documents to HDB in order not to delay the resale transaction.
• Lastly, guide your sellers on the requirements and things to prepare before attending the resale completion appointment

Source: HDB

Singapore’s Least Developed HDB Estates - 99.co

You may sneer and think they’re all ulu, but Singapore’s developing HDB estates are potential gold mines okay? No one laughs at Jurong today, even though we all thought it was the industrial wasteland of Singapore a few decades ago. Here are some to look out for next:

1) Tengah

Tengah is a future HDB town located in the West Region of Singapore. This estate used to be a military training area in the past. However, it is soon to be known as Singapore’s newest HDB town. As it’s the newest HDB estate in Singapore, it is underdeveloped. As such, there are many hopes for this HDB estate to develop fast in the next few years.

Tengah just released its first batch of 1,500 HDB flats in November 2018. As it is underdeveloped, buyers will not see Tengah’s appeal now. However, it’s expected to grow in popularity in no time. This is due to its location near the upcoming Jurong Innovation District.

Future Plans

Tengah is planned to be a model estate to other HDB estates in Singapore for smart and sustainable living.  There will be easy access to quality amenities, generous green spaces and dedicated gardening and farming spaces. A major feature of Tengah that residents can look forward to is the 100 meters wide, five kilometres long forest corridor. It forms part of a larger ecological pathway connecting the Western and Central catchment area.

In the upcoming years, Tengah will comprise of about 42,000 new homes. Public housing will make up more than 70 per cent of the units. With the large volume of people, transportation around will be made easier with the new Jurong Region Line; this new MRT line has 24 stations, and is linked to the North-South Line and East-West Line.

This new MRT line is linked to the North-South Line and East-West Line.

2) Punggol

Punggol is currently known as the newest housing estate in Singapore. However, it still has a long way to go in terms of being a developed estate. At present it’s a mixture of condos, Executive Condominiums, and HDB flats. The estate is connected to the MRT grid by an LRT station though, so that’s one extra stop on the trip.

Each housing unit is seamlessly connected by an LRT station that is within a 300 meters reach.

Future Plans

There are plans to transform Punggol into an eco-friendly residential town. Residents can look forward to more trail, education, community, transport and leisure amenities.

Punggol Digital District is one prominent development that is the talk of the town. It envisions to be a vibrant economic learning hub with shared spaces between both industry and academia. Some would even say Punggol Digital District will be the Silicon Valley of Singapore.

Another major project is the Punggol Town Hub. It has a similar concept to Our Tampines Hub. However, this town hub in Punggol aims to be even bigger. It will be an integrated hub, bringing together programs and services from multiple agencies to serve its residents.

Cycling paths around Punggol Town Hub will also be integrated with the larger cycling network of Punggol. With all these planned improvements for Punggol, it’s definitely an estate to look out for in future.

New cycling path will be integrated with the larger cycling network of Punggol.

3) Sengkang

Sengkang is the second most populous estate in Singapore. It houses 232,100 residents. It has transformed tremendously into a mature housing estate from a fishing village. However, compared to other mature estates, Sengkang still has a long way to go.

Future Plans

Sengkang is becoming increasingly vibrant. In the next few years, residents can see even more amenities and lifestyle destinations within the area. In addition, access to recreational and green spaces will be improved.

Sengkang is just a stone’s throw away from Punggol. As such, this estate will feel the knock-off effect from the developments in Punggol in terms of the Punggol Digital District. Commercial nodes, industrial estates and business parks will be within reach for Sengkang residents. Therefore, this provides more job opportunities for residents as they’ll be able to look for more job opportunities closer to home.

4) Potong Pasir

Located between Toa Payoh and Sennett Estate in the Central Region of Singapore is Potong Pasir. It’s known for its iconic triangular-shaped HDB Blocks. In addition, it’s also one of the estates in Singapore that still retains a strong ‘Kampong Spirit’. For Potong Pasir residents, most of the amenities that can be found are located in Bishan or Toa Payoh.

It’s one of the estates in Singapore that still retains a strong ‘Kampong Spirit’.

Future Plans

While there are no concrete plans for Potong Pasir, areas near this estate such as Bishan and Toa Payoh, are up for redevelopment. With such improvements in these estates, there are bound to be a knock-off effect on Potong Pasir residents. They get to benefit from these upgrading as well. In addition, the property value of Potong Pasir will go up as well.

There are plans to establish a town with a comprehensive range of facilities to meet the needs of current as well as future residents. For instance, Toa Payoh is looking to develop a new sports and recreation centre. Bidadari Park will retain its original greenery where possible as well as incorporate a new lake. In addition, the stretch of waterway at Potong Pasir will be given a facelift through PUB’s Active, Beautiful, Clean Water Projects. With such improvements, Potong Pasir is sure to benefit, thus becoming a more developed estate in the next few years.

by Alexandria Tang

Source: 99.co