STATISTICS HAVE REVEALED that well-heeled Singaporeans and wealthy foreigners are returning to snap up units in Singapore's prime districts 9, 10 and 11; newly released waterfront developments and properties in the downtown CBD area. With stable economic growth and upward revision of GDP growth to 4% to 6%, the price tag for these luxury properties is expected to move higher.

ON MAINLAND SINGAPORE, new luxury developments such as The Boulevard Residences(BLVD) and Draycott 8 have seen investors queuing to get their hands on a unit or two. Setting a new price benchmark is the 173-unit St Regis Residences — which has closed as high as $3,000 psf.

UPMARKET PROJECT LAUNCHES
of waterfront housing at Sentosa Cove will see some 2,500 dwellings emerge on North Cove and South Cove – comprising bungalows, terraces and apartments – all within 10 minutes from the city. Oceanfront@Sentosa Cove with its panoramic ocean views has attracted buyers for units priced between S$1.8 million to S$8 million for a unit. In a matter of four days, 85% of the 264 units were sold to foreign buyers from Europe, Malaysia, Hong Kong, Indonesia and Japan. Soft launch demand for these properties has seen the average $1,300 psf price revised upwards 2% to 3%.

THE SENTOSA COVE address radiates optimum luxury and the best of island living. Other coveted properties are The Berth by The Cove, The Sail@Marina Bay and The Azure which has sold out its 13 penthouses and its larger units - four sky villas ranging in size from 4,123 sq ft to 4,532 sq ft.

THE RE-MAKING OF SINGAPORE has taken off. The investment climate is highly favourable – the relaxation of foreign ownership guidelines, strong business confidence, a stable political system and buoyant economy – the time is now. Landseer Property Services, with 25 years in the business, is well positioned with knowledgeable and well-connected real estate professionals and investment advisors to be your partner in your search for the right property to invest in.

Copyright © 1998-2007 Landseer Property Services Pte Ltd
271 Bukit Timah Road, #02-16J Balmoral Plaza, Singapore 259708
Tel +65 67388611 • Fax +65 67388911 • E-mail landseer@landseer.com.sg

Designed & maintained by CONTENTinteractive