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.