Location is always still key to sold-out property developments, if the pricing is done correctly, not priced out of the market, it will sell. Results have shown that Bartley Ridge is such a property, its price affordability smack in the sweet spot for mid-range property projects for upgraders, given its next to Bartley MRT Station (Circle Line), and the sold out Bartley Residences are signs pointing to its success.
Value for money units has to still be SHOEBOX units.
Many naysayers claim – “SHOEBOX UNITS ARE OVERPRICED”
But still they are one of the most popular layouts to sell out fastest. Their rental prices are also the most attractive. Its reported on Channel News Asia that in 8 March 2013 [read full article here]
Shoebox units in Singapore, bucked the trend of softening rentals for the entire non-landed residential market.
Rentals of shoebox units rose 1.8 per cent in February. Units in the suburbs enjoyed a 101 per cent rental price premium in per square foot terms over larger homes in the same areas.
Meanwhile, shoebox units in the city recorded a 63.0 per cent rental price premium while those in the city fringes were rented at a premium of 66.8 per cent, compared to larger homes in the same areas.
- quoting CNA article - Resale prices of private non-landed homes up 2.7% in Feb, published on 8 March 2013
Its near reputable schools, its at the fringe of the city, the benefits of buying this property is fairly long, so don’t wait too LONG to decide if you want a piece of the action.
SINGAPORE: Recent condominium launches have yielded positive response, with an analyst attributing the strong demand to fears among some buyers of another round of property cooling measures.
There were six condominium launches this month.
At Hillion Residences, located at Bukit Panjang, more than 50% of the 250 units released in its first phase have been sold.
Its developer said that 70 percent of buyers are investors.
MediaCorp understands that Bartley Ridge at Mount Vernon, launched this weekend, has sold more than 200 of its 300 units.
The last round of property cooling measures introduced in January includes a higher buyer’s stamp duty, tighter loan-to-value limits and higher minimum cash downpayment for second and subsequent housing loans.
It was the seventh round of property-cooling measures introduced since 2009.
Steven Tan, managing director of OrangeTee, said: “Generally the current buying sentiment is still very strong, mainly due to the reason that economic fundamentals are still very bullish. For example, the GDP, the stock market, the job environment.
“With more and more new launches coming up in the next few months, I do expect that the sales volume of the residential property market will continue to pick up.”