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Rentals for non-landed private home eased

RENTALS for non-landed private homes and HDB (Housing & Development Board) flats eased in March 2017 over the previous month, show the latest flash estimates released by SRX Property on Wednesday morning.

SRX Property said its rental index for private apartments and condos fell 1.0 per cent month on month (m-o-m) in March after rising 0.7 per cent m-o-m in February. Upcoming new launch condo include The Tapestry , The Jovell, Park Colonial, The Opus, Amber 45 , Jui Residences, 33 Residences , 8 Hullet, 120 Grange , The Biltmore, Muse @ Newton, Harbour View Gardens, Daintree Residence, Parkwood Residences, The Verandah Residences, Sea Pavilion Residences, Parc Botannia, Sengkang Central condo while existing ones include Rezi 35, Carpmael Thirty Eight , Fivenine, Sixteen35 Residences and Kandis Residence Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.

The index has shrunk 3.9 per cent year on year (y-o-y) from March 2016 and is also 19.1 per cent below its peak in January 2013.

An estimated 4,549 non-landed private homes were rented in March 2017, reflecting a 14.6 per cent increase from the 3,971 units rented in February 2017.

Year on year, the rental volume in March 2017 was 1.3 per cent lower than the 4,611 units rented in March 2016.

In the HDB flats segment, SRX Property's rental index eased 0.5 per cent m-o-m in March 2017, the same percentage drop as recorded in February 2017. The index was 4.7 per cent lower y-o-y compared with March 2016 and is also 13.9 per cent below its August 2013 peak.

SRX Property estimates that 2,045 HDB flats were rented last month - an increase of about 32 per cent from the previous month's 1,546 units but a drop of 7.5 per cent from a year ago.

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HDB resale prices fell 0.3 per cent last month

Housing Board (HDB) resale prices fell by 0.3 per cent last month, compared to November. Resale prices of flats in mature estates dipped by 0.2 per cent, while those in non-mature estates dropped by 0.4 per cent, according to the latest data released by SRX Property yesterday.

There were also fewer resale flats transacted last month, with HDB resale data showing that 1,364 resale units were sold, a 13.9 per cent drop from the 1,585 transacted units in November. Upcoming new launch condo include The Tapestry , The Jovell, Park Colonial , The Opus, Amber 45, Jui Residences , 33 Residences , 8 Hullet, 120 Grange, The Biltmore, Muse @ Newton, Harbour View Gardens, Daintree Residence, Parkwood Residences , The Verandah Residences, Sea Pavilion Residences, Parc Botannia, Sengkang Central condo while existing ones include Rezi 35, Carpmael Thirty Eight , Fivenine, Sixteen35 Residences and Kandis Residence Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.

Year on year, resale flat prices decreased by 0.2 per cent, compared to December 2015, the SRX Property Price Sub-Indices showed.
The year-on-year comparison also showed that prices in mature estates increased by 1 per cent, while those in non-mature dipped by 1.2 per cent last month.

SRX Property also said the overall median transaction over X-Value (TOX) for HDB was zero last month.

The median TOX measures how much people are overpaying or underpaying against the computer-generated estimated market value or the X-Value.

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Choa Chu Kang property to be sold for S$3.1m

SWEE Hong has agreed to sell a freehold property at 190A and 190C Choa Chu Kang Avenue 1 for S$3.1 million to a privately held firm run by one of its employees, it said in a Singapore Exchange filing on Tuesday. Upcoming new launch condo include The Tapestry , The Jovell, Park Colonial, The Opus, Amber 45, Jui Residences, 33 Residences , 8 Hullet, 120 Grange, The Biltmore, Muse @ Newton, Harbour View Gardens, Daintree Residence , Parkwood Residences, The Verandah Residences, Sea Pavilion Residences, Parc Botannia, Sengkang Central condo while existing ones include Rezi 35, Carpmael Thirty Eight , Fivenine, Sixteen35 Residences and Kandis Residence Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.

The property will be sold to Hong Ee Corporation. The directors of Hong Ee as at Dec 27 are Ong Kheng Keong, who is a site coordinator at Swee Hong, and Ong Keng Huat.

The property is made up of two strata-titled units situated one on top of the other, "forming an intermediate unit", Swee Hong said. A valuation on Dec 12, 2016, by consultancy Jones Lang LaSalle valued the property at S$3.1 million, it added.

It said it would book a gain of S$2.6 million on the sale and net proceeds of about S$2.9 million, and that it plans to use 80 per cent of the net proceeds to repay creditors.

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Daintree Residence New Launch Condo

Daintree Residence is the new condominium residential project developed by the well-known Malaysian real-estate developer, S P Setia Bhd Group with a leasehold 99-years. The property developer, S P Setia has acquired this land by placing the bid of 265 million dollars for the plot of land at 18,721.4 sq. m for Daintree condo . There was a submission of 24 bids by various developers for the land which is located at the prime location. Daintree Residences is located near to many authentic eateries such as cafes which serves very good pancakes as well as other deserts for your consideration.

S P Setia is considered as one of the strong and well-known names among leading property developer of Malaysia due to its fine construction quality and on-time delivery of projects.

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Muse @ Newton New Launch Condo

Muse @ Newton development is a brand new development which is situated close to the Newton MRT station in Singapore. Being anticipated to be completed in the year 2018, it is estimated that the development is going to have fifty five units and it is going to be six storeys tall. The land that the development stands was brought up in two phases. The initial phase was 31 Newton Road that Amara Holdings acquired recently. Amara Holdings has of now acquired 29 Newton Road & is planning to combine the two plots of land into Muse Newton . This is a unique city lifestyle which is awaiting you.

United Square near to Muse @ Newton condo Amara Holdings is a shopping mall that is a unique lifestyle mall for your family together with kids since several features exist inside this mall which are very friendly to the kids. These features include the carpeted playgrounds & the nursing rooms in the mall. In a similar manner there also exists a study room inside this mall. This shopping mall similarly features several anchor F&B outlets for instance Delifrance that are available depending on your selection.

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