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SINGAPORE, April 21, 2014 /24-7PressRelease/ -- New private home sales is expected to rise after the drop in 1st quarter of 2014 as developers has been holding back the launches as well, especially after the implementation of the last cooling measure of Total Debt Servicing Ratio (TDSR).
Those projects that are competitively priced and near to MRT are expected to stay resilient and continue to attract interest. The recent preview of Commonwealth Towers saw more than 1,500 potential buyers who attended the preview. This development is a joint venture between Hong Leong Holdings and CDL.
In march 2014, there are also more than 2000 potentials buyers who attended the preview at Lakeville @ Jurong West. Jurong is expected to attract strong interest due to the lack of new homes around the area and also the upcoming healthcare hub, commercial hub and shopping malls. The average price ranges from $1,250 to $1,350psf. The last launched development at Jurong, J Gatway, was 100% sold within a day at an average of $1,480psf.
The Sorrento @ Pasir Panjang Condo set to launched too at an average price of $1,380 to $1,600psf. At this launch price, The Sorrento are priced lower than the other new launches at Pasir Panjang such as Village @ Pasir Panjang, Whitehaven and Icon @ Pasir Panjang.
Kallang is probably the next enclave that is set to boom with the upcoming indoor stadium, transformation along kallang river, city fringe location and its close proximity to central business district (CBD). The new Sport hub is tipped to be a new world class entertainment centre with shopping, indoor and outdoor sports activities as well.
Under the new Master plan for 2013, there are expected to have more housing at Kampong Bugis. Kallang Riverside set to be the first residential development to be launched here at Kampong Bugis with a waterfront living. The launch expected to be in May 2014.
Keppel Land set to launch their development over at Kim Tian in 2nd Quarter 2014. Highline Residences location is attractive with Tiong Bahru MRT station, hawker centre, Tiong Bahru Plaza all at door steps. This development is expected to have unit mix from 1 to 4 bedrooms.
For the 2nd quarters of 2014, sales are expected to grow with developers rolling out more new launches. Some of the new developments on the pipeline that are expected to launch include Highline Residences, Kallang Riverside, Commonwealth Tower, Trilive @ Kovan, Coco Palms @ Pasir Ris.
Property Launch Singapore associate with singapore new launches from various developers. New Launches include Residential Condo, Industrial and Commercial Property.
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