The Kampong java road is a secondary road located in Newton, Singapore. The tender for the residential site located on the Kampong java road was won by Chip Eng Seng. The Chip Eng Seng Corporation limited (CES) is one of the construction and property group in Singapore that has been registered in the Singapore exchange securities limited. The tender that attracted seven bids was closed on the 15th of January. The Urban Redevelopment Authority (URA) revealed that the tender was won by CELH a unit of the Chip Eng Seng with a top bid of 418.8 million dollars. Guocoland had submitted the second top bid of 417.24 million dollars. This price tag was considered to be a bit low for the Kampong java site. The new development near to Newton MRT Station is Kopar @ Newton Condo.
Kampong Java Site at Newton MRT Station by Chip Eng Seng
The Kampong java road site covers approximately 11,643.3 square kilometers with the maximum GFA (gross floor area) of approximately 32,602 square kilometers. Considering this GFA, the site can host close to 435 units. The Dunearn Road, Central Expressway (CTE) and the Newton MRT interchange station make the Kampong java road site easily accessible to many people. The site is also proximately located near important social amenities such as the school of Anglo-Chinese and the food center at Newton. Shopping malls including the United Square and ION Richard are just a few minutes away. Kopar at Newton is located next to Newton MRT Station and is for sale soon. The development is located at Kampong Java Road near to Newton MRT Station.
Investors for Kampong Java Condo
The new expansion in the Kampong java site that is being conducted by the Chip Eng Seng will attract many potential investors. This is due to the high number of people who are potential tenants and work in the medical cluster at Novena, Orchard Road and the central business district. According to the senior director and head of research at the Knight Frank Singapore, the breakeven price would be around 1,600 dollars per square feet. Obviously, this will be dependent on the building materials used.
Top Bids for Newton Site by Chip Eng Seng CEL Development
Ong Teck Hui who is senior director, research and consultancy say that the prices at the Kampong java road site have reduced greatly and there is a significant gap in the top bid of the site. This is in comparison to other sites that have been sold before with the likes of Dunear gardens and Fraser properties being brought into the picture. There have been concerns on whether the top bid on the Kampong java road site meets the Urban Redevelopment Authority’s reserve price. It only tends to reflect on the conditions of supply and demand that are affecting the market unfavorably. The supply of new units in the areas that have been significant over two years has been contributed by the sale of land in prime districts.
The Roxy-Pacific Holdings have developed the latest condominium named Bukit 828. The project is situated on the Upper Bukit Timah Road in the vicinity of Bukit Panjang MRT Station. Other stations like Cashew MRT Station are also close by. There are many desirable and useful facilities nearby this location. The plan is to develop 34 units of elite apartments that provide exclusive and state of the art facilities. Roxy Homes have spent in an excess of 17 Million Dollars to purchase the real estate for building the Bukit 828 project and there is no questioning the ambition of the developers.
Bukit 828 Close to hillV2 Shopping Centre
Close to the Bukit 828 will be the hillV2 Shopping Centre and Bukit Panjang Plaza. The former exists right beside the Hillview MRT Station and serves to ensure the residents around have access to their facilities. It provides many options for dining in as well as bars for wine fanatics. Grocery shopping, as well as bakery products, are also easily accessible at hillV2 Shopping Centre. Also, right across the Bukit Panjang MRT Station exists the posh Bukit Panjang Plaza. It comprises of various brands for shopping as well as many dining options. The Bukit 828 residents are bound to visit both of these places on a regular basis as these are very close the project site.
Bukit 828 Luxury Finishes Tennis Court and Gym
Singapore is making huge advancements in developing residential areas and Bukit 828 is a condominium that aims to provide residents with many luxury facilities such as a tennis court, gymnasium, swimming pool, playing field for kids as well as a barbeque area. This ensures the provision of a lifestyle one usually dreams of. The prime location of Bukit 828 makes it a top investment plan for investors. A location which also provides security for safety purposes.
Register Interest for Bukit 828 Freehold Condo
If you would like to register your interest in the project, you can visit www.bukit-828.com.sg and navigate to the �Register Interest’ tab. This will allow the Bukit 828 team to show you more about the project. Other advantages of doing so are the provision of discount due to the fact that you are a registered buyer, you will also be able to get the first pick among the units. There are chances of the price booming in a public launch, therefore, registered buyers might get an edge.
All in all, the Bukit 828 is a prestigious condo to be a resident of that will provide you with a serene living that we all crave for. Every facility that one can possibly aspire to possess is available at the Bukit 828 project.
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The urban redevelopment authority has planned the rezoning of some of the parts of Geylang. The URA has a proposal that the landscape that has not been occupied yet to be used for commercial activities. This means that there is no new residential property that will be approved. The estimated property that will be used for rezoning is around 14 hectares. And the plot ratio expected is around 2.8. The regions that will be taken over are, along the Geylang road, the Guillemard road, Lorong 4 and Lorong 22 Geylang. Together with the shopping and other commercial properties.
Activities in the Geylang Area
The reason for this proposal by the urban redevelopment authority is due to the consistent complains by the residents of Geylang. As the number of commercial activities increases, the grievances by the inhabitants keep increasing. Geylang is a red-light zone. According to the inhabitants, due to this reason, there has been a disturbance, bad traffic and also a lot of noise in the area. The urban redevelopment authority hence has taken this into consideration and proposed that the only solution to balance the commercial investors and the residents is to rezone some of the parts of Geylang from residential institutions to commercial institutions.
Residents Around the Geylang Area
The existing residents have nothing to worry about. They are not being affected in any way by this idea of rezoning. After the proposal has been agreed upon, there will be no more approval of any residential property. And as for the existing residents, if need be of the redevelopment of the residential property, it will not also be approved, not unless you replace the residential property with a commercial property or institution.
The question is what is there for the residents as well as the businesses and also for interested investors in Geylang.
• The new residential projects that had been approved and started to be built, will go ahead.
• The ongoing conflicts that have been there will be better managed and also according to the proposed rezoning, there will be a prevention of a spill over.
• The proposed urban redevelopment authority plan will help boost the value of lands. This is important for any investor in Geylang and other upcoming investors.
• With time, the properties will rise in value hence becoming more profitable.
• The developers can take the opportunity of redeveloping the old and small residential properties to commercial properties as this will bring them more income as the values rise.
• With time Geylang will be a perfect place for small market enterprises (SME’S). With the help of the government, it will help in their rapid growth.
• As Geylang continue growing economically, the government will intervene and give the small market enterprises access to the CBD and other business areas at a very affordable rent.
• With time, there will be a rise in incomes in the area as the value of the property rises and the commercial activities.
• Due to the improved development in the area, the cost of living in Geylang will be affordable and of a standard. This will apply to in the case of the businesses.
• Finally, the prices and the rent rates will go down as the area will be developed and bringing in a lot of income.
setbacks of rezoning.
Investors in the Geylang Area
Due to the selected area is not as large, investors who will want to expand their commercial activities may be limited due to limited space in the area. But there is a neighboring area, for instance, the upper sides of Lorong where they can create other branches and still prosper.
There are different people that reside in Geylang. Different business owners, hence this place will be promising to grow positively among the inhabitants as well as the investors. It is only a 10 minutes drive to the CBD. Majority of the inhabitants and the investors were pleased by this proposal. Geylang is more promising with more commercial activities than the residential.
Riverfront Residences, Hougang Avenue 7 is a new development that was made possible because of the success of Oxley-Lian Beng Venture. Riverfront Residences Former Rio Casa Enbloc received high regards from interested developers because of its location and positive attributes. This particular property is near Hougang MRT station which is a plus factor most especially for those who do not have private vehicles. The plans for the said Riverfront Residences Condo, Hougang Avenue 7 condominium are currently underway. It features a majestic waterfront with greenery views of Sungei Serangoon. The unique position of the condominiums allows it to have a direct view of the riverfront, approximately 200m frontage. It also has a close proximity to the Hougang Mall and Hougang Transportation Hub.
Riverfront Residences Hougang Avenue 7 Oxley Lian Beng Venture
Riverfront Residences Hougang Avenue 7 condominium has many things to offer. The condominium will include lots of facilities and amenities, including a clubhouse, guard house, indoor gym, function room, sun deck, tennis court, children’s playground, and barbecue pits. These facilities will surely provide convenience and fun to every family. Traveling to the different parts of the city is a breeze since it is very close to Hougang MRT station. It is also accessible to any mode of transportation. As many of us know, taking the MRT is the fastest way to travel in Singapore. For car owners, driving around the city is a privilege. Stoll around Orchard area is very convenient.
Riverfront Residences Oxley Condo Former Rio Casa Enbloc
Going to the grocery or shopping center from Riverfront Residences Enbloc Rio Casa is not a problem since it is near shopping malls and retail outlets. The shopping malls are a walking distance away and you will have a great time looking at the beautiful scenery while you are taking a walk. The condominium property is near Holy Innocent’s High School which is one of the prominent Catholic schools in Singapore. It is also close proximity to CHIJ Our Lady of The Nativity which is an all girl’s school that provides a well-rounded education to students. You can enrol your kids in whatever school you prefer and it is guaranteed that they will have a good education.
Riverfront Residences Rio Casa Oxley Lian Beng Venture
Hougang Town is a sought-after location by many The Hougang Town which where Riverfront Residences Hougang is situated is a highly sought-after location because it is basically near everything that is essential to have a comfortable living. The Hougang Town is located in Geylang Residences and Seletar Aerospace. This neighbourhood has always been self-sufficient because of the abundance of malls, sports centers, and retail outlets.
The neighbourhood is orderly and you will have peace of mind that your family will be safe at all times. The surroundings are well maintained since cleanliness is one of the most important things to consider when it comes to residential areas. Having a place that you can call your home brings a sense of pride and fulfilment.
The condominium units have different layouts that prospected clients can choose from. Choose a layout that will suit your preference and needs. An estimate of 1,400 units is expected to be built on this plot of land. It is really impressive and it has great potential to be your new place of residence. Transferring to a new home seem to be a huge task for many people but with Riverfront Residences River View, you will automatically feel at home.