If you’re thinking about purchasing a new condo, Chip Eng Seng New Condo at Yuanching Road might be a great choice. This new condo project is currently under construction and will be launching soon. You can get more information about the project by checking out the site plan, floor plans, and full e-brochure.
Park View Mansions
The park view mansions were sold to the joint venture between Chip Eng Seng Corporation, KSH Holdings and SingHaiyi Pearl for $260 million. The developer plans to develop the site into 440 residential units. The project has a gross plot ratio of 2.1. The units are expected to launch at around $2050 psf.
The site is residential-zoned, and is 191,972 square feet in area. The gross plot ratio is 2.1, and the maximum floor area of each unit is 403,141 square feet. The land rate for the project is S$1,023 per square foot per annum, which includes a 99-year lease renewal. However, the project is still under construction, and is subject to local government approval.
If you’re looking to buy a new condo in Singapore, look no further than the Chip Eng Seng New Condo at Yuan Chong Road. This upscale development is near the Botanic Gardens, the Orchard Road shopping belt, and the Camden Medical Centre. The condo is part of YTL Land’s luxury residences portfolio and boasts two five-bedroom penthouses.
Located in district 22, the Chip Eng Seng New Condo at Yuan-Ching Road offers an ideal location near the lake and the Jurong East/Lakeside MRT stations. The new development is near many recreational and educational amenities. Nearby attractions include Jurong Lake Park, Jurong Bird Park, and Jurong Science Centre. In addition, the area is easily accessible by bus and MRT.
Yuan Ching Residences is a new residential development by Chip Eng Seng and SingHaiyi Developer. This project features up to 440 residential units. The unit design is inspired by nature and features thoughtfully curated facilities. The project is near Jurong Point MRT and several shopping malls. It is also close to several educational institutions including Nanyang Technological University, Jurong Polyclinic, and Jurong General Hospital.
Jurong Lakeside District
The Chip Eng Seng New Condo at Yuan Chong Road in Jurong Lakeside District is a 99-year leasehold condominium project with 546 residential units. It is located in the Jurong Lakeside district, close to popular landmarks like Jurong Lakeside Club, Jurong Bird Park and Jurong Science Centre. It is also near a number of public amenities, such as the Jurong Lakeside MRT.
The area is a leisure and commercial hub, near the Nanyang Technological University. The area has large shopping malls and is near several family-friendly attractions. The Jurong Lakeside District is also home to two hospitals, Jurong Community Hospital and Ng Teng Fong General Hospital. As a result, the Jurong Lakeside District is attracting tremendous interest in real estate.
KSH Holdings is a Singapore-based property development, investment and construction company. Founded in 1979, KSH has been listed on the Mainboard of the Singapore Exchange (SGX) since February 2007. Its latest project, the Chip Eng Seng New Condo at Yuan Ching Road, is expected to sell for over S$600 million when completed. Its latest acquisition follows a series of high-profile deals involving the companies. These include the $650 million acquisition of the Peace Centre/Peace Mansion in December.
The Park View Mansions sits on a 191,974 square-foot site, which will allow it to have up to 440 units. The development’s lease period is 99 years, with an option to extend it up to 403,141 square feet. Its location in Jurong Lake District is also expected to benefit the project. The Jurong Lake District is currently being promoted as an emerging commercial and tourism hub, which should make Park View Mansions a hot property.
Yuan Ching Road is a 99-year leasehold condominium development, containing 546 units. Located at Tao Ching Road, District 22, the new condo is near the Jurong Lakeside Club and Jurong East MRT stations. It is also close to Jurong Bird Park and Singapore Science Centre. Developer Chip Eng Seng is behind the development, and it will feature units ranging from two to five bedrooms.
The developer is CEL Development, a wholly-owned subsidiary of mainboard-listed developer Chip Eng Seng. The Tang family owns a controlling stake in CEL. SingHaiyi Group and Haiyi Holdings are the other joint venture partners. The companies will work together to acquire the property and redevelop it. The joint venture will be funded from internal funds and external borrowing. The company will make further announcements once the acquisition is complete.
The joint tender for the SingHaiyi Pearl at the Chip Eng Seng New Condo at Yuan Chung Road was successfully concluded on Thursday. The three joint tenderers agreed to form a joint venture to acquire the property and develop it. Each partner has agreed to invest S$100,000 in the joint venture as a tender fee, which will be credited to the purchase price.
The Chip Eng Seng New Condo at Yuan Chung Road is a new condo development located near the Lake Side MRT. The building is surrounded by various facilities and services and has a convenient location. Nearby amenities include the Jurong East Market, Jurong Entertainment Centre, Jurong Country Club, and Jurong Superbowl.
JCube is a five-storey mixed-use development with three basement levels and a roof garden. It has a total net lettable area of 210,038 sq ft. It is under a 99-year leasehold.
JCube Shopping Centre
JCube Shopping Centre is a multi-functional shopping centre in Singapore’s Jurong East. It is open daily from 10am to 10pm. It also features Singapore’s first Olympic-sized ice rink and IMAX theatre, which are not usually found in the suburbs. It was originally built on the site of the Jurong Entertainment Centre.
Investors have raised concerns over the deteriorating occupancy rate of JCube. Its occupancy rate is currently the lowest of any property in CMT’s portfolio, and has declined from 94.3% in the previous year. However, CMT is trying to position JCube as a sports destination, and recently added a 24-hour gym.
Capitaland has released plans to redevelop J.Avenue into a reisdential condo. It is expected to feature a mix of commercial and residential space. This development is located near the Ticketing Office of Singapore Airlines. In addition, it is near the Somerset Grand Cairnhill 9 Condo.
Future of ice rink at JCube
The future of the ice rink at JCube is uncertain. The lease expires in Mar 2023, and the ice sports association is looking at other options. The Singapore Ice Hockey Association and the Singapore Ice Skating Association will work with SportSG to make sure that athletes will have access to training facilities.
The ice rink at JCube is the only Olympic-sized rink in the city-state. Its layout is designed to cater for recreational skating as well as ice hockey. The rink also features 460 seats and rink-side dining.
Mixed-use development at JCube
Mixed-use development at JCube is a project that will combine residential and commercial spaces. The shopping mall, which was opened in 2012, is currently in the process of being redeveloped by CapitaLand Development. The project will include five storeys plus three basement levels and a roof garden, resulting in a net lettable area of 210,038 sq ft.
The Urban Redevelopment Authority has approved the proposal for the redevelopment of the JCube mall. The site will be turned into a primarily residential development, increasing the plot ratio from 3.0 to 4.2. This is a good move for CapitaLand Development, who hopes to capitalize on the rising property prices in Jurong East. The mall is home to Singapore’s only Olympic-sized ice rink.
Cost of development
The JCube development by CapitaLand is a mixed-use development located in Singapore’s Jurong East. The property was opened in April 2012 and is currently managed by CapitaMalls Asia. It is expected to generate about $1 billion in annual sales.
CICT has a portfolio of 23 properties with a combined value of S$21.8 billion. Recently, it announced that it would purchase a 50% stake in a commercial complex in North Sydney from fund manager Nuveen for A$422.0 million.
Impact on surrounding neighbourhood
The impact of JCube to Redevelop into Reusdential Condo by Capitaland on the neighbourhood is yet to be determined, but the project looks to have a positive impact on the area. The proposed development comprises five storeys, three basement levels, and a roof garden. The total net lettable area is 210,038 square feet. The project is subject to a 99-year leasehold.
Currently, the JCube shopping mall is being used as a shopping mall, but developer CLD is exploring various options, including turning the mall into a residential project. The developer cites competition from other shopping malls in the vicinity and the strong demand for residential units in the area. The project’s design will feature mixed-use space, a brewery concept, and a greater plot-to-floor ratio than the current JCube.
If you are thinking of upgrading to HDB, you might want to consider purchasing an EC. They are typically cheaper than private condos, but are still subject to the same conditions as HDB flats. You’ll also get the same maintenance and upkeep requirements.
The Bukit Batok EC in Tengah is a new hybrid public-private property development that is located near the town centre. There are 375 units planned for this mixed-use project. It is expected to attract a broad range of buyers. It is a great location for families or working professionals.
Due to its prime location in a district with low private housing supply, Bukit Batok EC is expected to draw eight to twelve bidders. This means that the development will be highly sought-after by both HDB upgraders and private homebuyers alike. According to reports, the developer is expecting to receive bids of up to $630 per square foot per plot ratio.
It is near the Bukit Batok MRT station and Bukit Panjang LRT interchange, which means that commutes will be convenient for residents. The area is also close to public schools and major shopping centers. This makes it an ideal choice for long-term living.
This is the first private housing development in the area. The GFA will be around 37,348 square meters and could have as many as 375 units. The project is expected to be completed in 2020, and will cater to HDB Upgraders in the neighbourhood. The Bukit Batok EC is already drawing the attention of many HDB Upgraders.
The EC is near several public transportation options, and the future development will have pedestrian-only roads to separate it from road traffic. It is also near several schools, and is also located near future high-rise residential developments. Its convenient location will be ideal for HDB Upgraders as it will make it easy to commute to the city.
Bukit Batok EC will be part of a new neighbourhood in the north, and will feature a range of amenities, including a sustainable ecosystem, green spaces, and community farms. This will create a more sustainable environment for residents, and residents will feel more connected to the neighbourhood and its amenities.
Located in the western part of Singapore, Bukit Batok EC is accessible by bus, MRT, and road. There are a number of amenities nearby, and it is close to the Pasir Ris MRT station, which is ideal for commuters. The location is also close to several bus interchanges.
The cost of new ECs in Tengah is about twenty percent lower than that of private condos. Moreover, these units have good upside potential when sold. They can be sold even after the MOP period of five years and after 10 years when they are fully privatised. Furthermore, HDB upgraders can benefit from EC prices as they do not need to pay ABSD. They may even continue to live in their current property for 4-5 years before selling it.
Although ECs are cheaper than private condos, they have several disadvantages. The first disadvantage is the five-year MOP. The EC’s MOP locks in the tenant for five years. In addition, ECs are not allowed to be rented out for the first five years.
The main reason why ECs are cheaper than private condos is the government subsidy. As a result, many ECs are sold to foreigners at very low prices. The subsidy helps to lower the profit margin of developers. In addition, the land prices for these units are much lower than those of private condos.
Another factor that contributes to ECs being cheaper is location. Many ECs are located outside town centres in suburban areas. The price gap has narrowed over the past two years, as new projects in the prime areas have been developed. However, because the land in these areas is limited, ECs have become a rare commodity.
Buyers who wish to invest in ECs should be aware of the MOP before purchasing a unit. The MOP is the requirement for buyers to live in their units for at least five years. However, the buyer cannot sell or rent their unit during this time.
ECs are still a good option for HDB upgraders. However, they are still limited to singles under the age of 35 and couples with income below $16,000 per annum. Furthermore, ECs have shorter wait times than private condos and are also less expensive.
Although these ECs are not as luxurious as private condos, they are still a good option. The government has put in place measures to keep ECs affordable. For example, the government has provided subsidies for land prices for the development of EC projects. This has lowered the cost of land and thus, the price of these units. As a result, the prices of ECs are about twenty to twenty percent cheaper than private condos. Besides, residents can enjoy CPF Housing Grants, which helps in making the purchase even cheaper.
ECs in the Tengah Estate are subject to the same conditions as HDB-owned flats, and they are subject to the same investment potential as HDB flats. However, there are some conditions that are more limiting than others. For example, you can only rent out part of the unit during the first five years of the MOP.
ECs in Tengah are available to singles under 35, but they’re only available to couples with a combined income of more than S$12,000. The income cap for ECs is slightly higher than that of HDB flats, so you’ll have to make more than half of the income to get an EC.
While Tengah ECs are subjected to the same conditions as HDB flats, you can get a better price when you purchase your new EC at the five-year mark. However, this strategy is not recommended for first-time buyers. A professional mortgage broker can help you make the right choice.
While upgrading from an EC to an HDB flat is not difficult, you have to pay the ABSD upfront. Aside from the low down payment, the biggest advantage of purchasing an EC is its location. If you buy an EC in the city fringe, you can enjoy amenities and facilities in the area.
The price of ECs is lower than private condos and is typically 20% cheaper. However, ECs are subject to the same conditions as HDB flats, including the CPF housing grant. The first ten years of ownership can qualify you for up to $30,000 in housing grants from the HDB.
HDB does not allow you to exercise the Option to Purchase before obtaining your Letter of Offer. However, if you want to secure your Letter of Offer and the Letter of Acceptance from HDB, you should get a bank loan. You’ll need to pay more upfront with a bank loan, but this will avoid the hassle of the loan process.
ECs are typically built in more remote locations, often on the outskirts of Singapore. This means that you won’t find many ECs near bus interchanges or MRT stations. Unlike HDB flats, ECs will not be built in prime areas. Therefore, they have lower land costs.
Tengah ECs are located near Bukit Batok town centre and are expected to be sold by 2021. The site is being developed by a joint venture between MCL Land and City Developments Ltd. It is just 1.1km from the Bukit Batok MRT station. However, the development is not yet complete and will need to be reviewed by relevant authorities.
However, the price of Tengah EC is still relatively low compared to other ECs. The unit cost is about $750 PSF. This means that the developer is taking a risk by offering a smaller unit size. This could also lead to higher maintenance fees. The developer has to show innovative thinking to fit in the facilities in such a small plot.
Tengah ECs will draw a lot of attention from HDB Upgraders. While the location is not ideal, it is well-located and has excellent amenities. The nearby Le Quest shopping mall is just 6 minutes’ walk away. It is also close to Ikea Tampines.
The location is good for commuters. The Tengah Plantation Station will be within walking distance. It is also one of the few ECs in Singapore with MRT access. In addition, the neighbourhood centre is located within walking distance. The neighbourhood center will have hawker centres, markets, and malls.
If you’re looking for a cheaper alternative to HDBs, you should look at ECs. They have lower prices than private condos and are a great choice for people with limited funds. You can also take advantage of CPF housing grants to make it easier to afford them.