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The Biltmore Condo New Launch Near Orchard

The Biltmore is a freehold apartment located at 81 - 83 Orchard Boulevard Singapore 248650, near Orchard Newton and Somerset MRT Stations. It is located near Tanglin Shopping Centre and Forum Galleria Shopping Mall.

The Biltmore condo has a host of amenities that are readily available, such as major shopping malls, supermarkets, eating establishments, banks and other entertainment facilities.

Within the vicinity of Biltmore condo there are prestigious schools such as, The British Council, ISS International School and Overseas Family.

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Sea Pavilion Residences New Launch Condo at Upper East Coast Road

Sea Pavilion Residences , Nestled along Upper East Coast Road, this upcoming freehold private boutique development is formerly occupied by a detached landed house nestled in the prime district 16 along the east coast of Singapore.

Sea Pavilion Residence , Conveniently located near to the upcoming Bayshore MRT Station (TE29), which will be ready for operation target year 2023. Residents at Sea Pavilion condo will be able to travel to any part of Singapore in stylish convenience. Indulge in your favourite Singapore street food at our home-proud East Coast Lagoon Food Village which is just a stone throw away.

Singaporean that grew up here will be looking forward to own a beautiful private property that is conveniently located that able to serve your daily needs and closest to the coastal line that you can take a breather when out with family or taking a break from work. Sea Pavilion Residences is the one of the few choices around available if your like the peacefulness and quiet environment that only a boutique development can offer

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Harbour View Gardens New Launch

Harbour View Gardens (former Harbour View Gardens) is a new launch freehold condominium at Pasir Panjang Road by Roxy-Pacific. The site which has an estimated total land area of 30,745 square feet and an existing plot ratio of 1.4 for residential apartment development was sold on August 2016 for S$33.25 million. Harbour View Gardens showflat will be available shortly.

Harbour View Gardens condo will stand as a 5-storey residential building, comprising of 57 residential units from 2 to 4 bedrooms. The Pasir Panjang condo is 500 metres, or 5 minutes stroll from Haw Par Villa MRT Station which is serving the Circle-Line. Strategically located between the Central Business District (CBD) and Jurong Regional Centre, HVG will be a perfect investment for investors who seek a huge potential catchment of white collars tenants. The upcoming Greater Southern Waterfront City is just minutes away. Pasir Panjang Food Centre and Alexandra Retail Centre are nearby with new mixed-used project [email protected] Panjang is just across the road.

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120 Grange Condo New Launch Near Orchard Road

120 Grange is a freehold residential development developed by Roxy Pacific Holdings, situated along Grange Road, District 10, Singapore. Inspired by nature, this stunning residence with 56 exclusive freehold units is infused with the beauty of nature’s spectacular landscapes.

Beyond impressive architecture, 120 Grange condo invites you to revel in the sensory pleasures of its calm reflective lap pools, charming courtyards, jacuzzi, outdoor fitness and yoga, spa lounge, BBQ pits, dining pavilion, leisure garden and more. Embrace the elegance and rustic beauty of the natural romance at your new home. 120 Grange floor plans will be available shortly.

Situated in a highly convenient and accessible location, 120 Grange Condo promises a diverse and captive audience as well as abundant amenities in every direction, with Orchard Boulevard MRT Station just around the corner. And that simply means more opportunities for your business. Like nearby schools such as Overseas Family School, Crescent Girls' School and Raffles Girls' Secondary School. While major malls such as Tanglin Mall and ION Orchard Mall.

120 Grange Road Residences has entertainment and fun on tap, day and night. Centrally located along Grange Road Residences, District 10, Singapore. Nestled in the heart of the Orchard District, step into and step out the heart of Singapore’s cosmopolitan high life. Enjoy the pulse of playing, entertainment and working as world-class malls, reputable schools, lifestyle amenities await your patronage. All this and more at an address that few can rival.

Be the first to own a piece of living legacy, 120 Grange Condo is surrounded by the buzz of Orchard Shopping District. Let your eyes sparkle at ION Orchard Mall, Tanglin Mall, Paragon Shopping Centre and Takashimaya Department Store. Close to the education hub, be surrounded by good schools like Crescent Girls' School, Raffles Girls' Secondary School, Gan Eng Seng Secondary School and Overseas Family School.

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4,600 Build-To-Order flats offered for sale

HOUSING & Development Board (HDB) resale flat prices fell 0.6 per cent in the first quarter of 2017 from Q4 2016. This came after four preceding quarters of negligible movements in prices.

This was according to flash estimates released by the HDB on Monday. Upcoming new launch condo include The Tapestry , The Jovell, Park Colonial, The Opus, Amber 45, Jui Residences ,
33 Residences , 8 Hullet, Parkwood 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.

Data for the full quarter will be released on April 28.

HDB also said that next month, it will offer about 4,600 Build-To-Order flats and about 3,000 balance flats for sale.

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Number of resale transactions fell

Last month's rise reversed a 0.7 per cent month-on-month drop in October, which was the fourth straight month of decline.

But resale prices in November were down 1 per cent from the same month last year and 8.3 per cent below the peak in January 2014, flash estimates from SRX Property showed. Upcoming new launch condo include The Tapestry , The Jovell, Park Colonial, The Opus, Amber 45 , Jui Residences, 33 Residences , 8 Hullet, Parkwood Residences , Verandah 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.

Prices in the city fringe were down 1.5 per cent year-on-year while those in outlying districts fell 2.6 per cent. Resale values in prime districts were up 2.3 per cent last month from the same month last year.

The number of resale transactions fell 8.8 per cent to 581.

Resale volume was 21.3 per cent higher than the 479 deals in November 2015, but down 71.7 per cent on the 2,050 units resold in the peak month of April 2010.

Sellers last month continued to offload homes below the estimated computer-generated market value, but the margin narrowed significantly.

SRX's median Transaction Over X-Value (TOX) in November was -$3,000 compared with -$10,000 in October.

For districts with more than 10 resale transactions last month, district 4 (Mount Faber, Telok Blangah, Harbourfront) posted the highest median TOX of +25,000.

Among relatively active districts, 22 (Boon Lay, Jurong, Tuas) and 27 (Sembawang, Yishun, Admiralty) had the most negative median TOX of -$20,000.

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Developers remain hungry for land

A CONSORTIUM led by Frasers Centrepoint that placed the top bid of S$624.18 million, towards the high end of market expectations, for a 99-year site near East Coast Park is planning to build an 800-to-900-unit condo designed to maximise seaview-facing units.

The consortium plans to launch the project, Seaside Residences within a year. "The development, which will be targeted primarily at owner occupiers in the mid to upper segment, will overlook the East Coast Park/beach, a popular venue for ... outdoor activities and sea sports," the consortium said on Thursday evening. Upcoming new launch condo include The Tapestry , The Jovell, Park Colonial, The Opus, Amber 45 , Jui Residences, 33 Residences , 8 Hullet, Parkwood Residences , The Verandah 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.

Moreover, the site is a stone's throw from the future Siglap MRT Station (on the Thomson-East Coast Line); the station is slated for completion in 2023.
Frasers Centrepoint unit FCL Topaz will hold a 40 per cent stake in the consortium, while Sekisui House will also hold 40 per cent and KH Capital (a unit of Keong Hong Holdings) the remaining 20 per cent. Keong Hong is expected to provide construction services for the project.

In all, eight bids were received for the 1.9-hectare land parcel along Siglap Road near the junction with East Coast Parkway and in close proximity to the beach.

The highest bid, which translates into S$858 per square foot per plot ratio (psf ppr), was 4 per cent above the second highest offer of S$825 psf ppr from a tie-up involving units of Hong Leong Holdings, City Developments and TID Residential.

GuocoLand was in third place, with a S$801 psf ppr offer; followed by a partnership among UOL, Singapore Land and Kheng Leong, which priced the site at S$800 psf ppr.

Allgreen Properties placed the lowest bid of S$477 million or about S$656 psf ppr.

JLL national director Ong Teck Hui said the highest bid of S$858 psf ppr was at the top end of expectations and suggests a bullish outlook in demand for units in the future project on the site.

"Besides the top bidder, it appears that other bidders also shared similar optimism, as the top four bids were above S$800 psf ppr - all falling within a 7 per cent margin.

"The East Coast address, promising sea views, the amenities at East Coast Park and Katong are strong pull factors for buyers which the successful tenderer can leverage on. There are few new projects in the vicinity and certainly none having such a wide sea-view frontage," Mr Ong added.

CBRE Research Singapore and South East Asia head Desmond Sim too said the project will boast unblocked sea views in addition to enjoying quick access to East Coast eateries. "Being located in a mature estate, the site is supported by a comprehensive suite of amenities and a range of educational institutions."

Market watchers believe the top bid would translate into a breakeven cost of around S$1,320 to S$1,350 psf and the consortium could be eyeing an average selling price of around S$1,500 to S$1,600 psf.

Among existing projects, some analysts pointed to Costa del Sol as the most comparable to the latest site in terms of location. Last year, 28 units were transacted in that condo, based on data of caveats lodged, at a median price of S$1,210 psf. However, Costa del Sol was completed in 2004 and is on a site with 81 years' balance lease.

While the Frasers Centrepoint consortium would require favourable market conditions for a successful launch of their project and will also be hoping for some easing of the property cooling measures by the time the project is released, an already existing strong plus-point in their favour is that so far, there is no "supply fatigue" in the area - unlike other locations where the government has released a string of sites in the past five years.

SLP International executive director Nicholas Mak said: "As there is almost no new private condo development in the locale, the project on the site just tendered will not have to face keen competition."

Ong Kah Seng, director at R'ST Research, described the eight bids at Thursday's tender as a good showing considering the big ticket size of the development. "Although there are many potential collective sale sites in the East Coast, most developers would find the acquisition process too long and uncertain. Buying a site at a state tender is more time-efficient. Developers remain hungry for land."

The tender for the Siglap Road site was conducted by Urban Redevelopment Authority.
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The Verandah Residences New Launch Condo At Pasir Panjang

The Verandah Residences is a new freehold development located right in the heart of Pasir Panjang Road by Oxley Holdings Limited. Verandah Residences plot of land is located at 231 Pasir Panjang Road and the plot of land was acquired through its wholly owned subsidiary Oxley Amber together with Casuarina Properties.

The location of the plot of land of Verandah Residence represent a freehold development that is located near to the city as well as Buona Vista Exchange. There are also many other facilities and amenities located near to the development. Outdoor Parks near to Verandah Residences include Kent Ridge Park as well as West Coast Park where you can enjoy a quiet stroll along the greenery park trails. This will be an ideal property search for many buyers who are looking for freehold developments located in the city fringe area.

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Parkwood Residences New Launch Condo at Yio Chu Kang

Parkwood Residences is a leasehold development set to launch in end March or early Apr 2018. Brought over by Oxley Holdings Limited which is one of the experience developer, buyer can look forward to a new refreshing outlook that will set the trend in today market.

Parkwood Residence has a total of 18 units, and a choice of 3 to 5 bedrooms layout. A highly desired location that is in close proximity to popular eateries, parks and other amenities. Home owner looking for boutique development should not miss this opportunity.

Strategically located at Yio Chu Kang Road Parkwood condo is near future development that will benefit from positive capital and rental yield in the near future.

Not far from Parkwood Residences is the Punggol Digital District that will bookend the North Coast Innovation Corridor, housing technology firms involved in key growth fields such as cyber-security, as well as fostering industry-academia collaboration at the new Singapore Institute of Technology Campus.

The Digital District has said to create an estimate 28,000 new tech jobs. But the full potential of tis digital district could be more than this figure.

Homeowner of North-East region can look forward to more shopping malls, childcare centre, supermarket and shop clusters for better convenience.

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Amber 45 New Launch Condo at East Coast

Amber 45 at Amber Road is a new launch condominium by UOL. Previously housing a landscaping and nursery business for more than 30 years, the 70,000 sq ft plot is sandwiched between two condominiums – The Shore Residences and The Sea View. The freehold Amber Road condo can accommodate about 190 apartment units in a 22-storey block. Upcoming new launch include Sixteen 35 and Jovell condo .

There will be very strong demand for a freehold apartment in the Amber Road/Marine Parade area. Amber 45 is close to many amenities, established primary schools, eateries, and within walking distance of upcoming MRT stations Marine Parade and Tanjong Katong, which are estimated to be completed in 2023. For nature lovers and a perfect place to spend quality family time, East Coast Park is only a short walk away.

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8 Hullet New Launch Condo at Orchard

8 Hullet is a freehold development set to launch in March 2018. Situated in District 9, Central Region of Singapore. Brought over by Lian Huat Group which is one of the experience developer, buyer can look forward to a new refreshing outlook that will set the trend in today market. Upcoming new launch include Park Colonial condo

8 Hullet condo has a total of 44 units, and a choice of 1 to 2 bedrooms with private lift. A highly desired address at Orchard Road.
Strategically located at Hullet Road 8 Hullet is a the heart of Singapore shopping paradise and lots of lifestyle entertainment.

This is a location that is very important to Singapore government and are constantly going through improvement, which will benefit to home owner looking for good property investment and own stay. As planned by URA, government are looking at ways to transform Orchard from a shopping street into an integrated lifestyle and leisure precinct. Home owners can look forward to a strengthen Orchard Road flavor with a more distinctive identity, that will translate to better capital and rental yield.

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33 Residences New Launch Condo

33 Residences is nestled at proximity of a stone's throw to Paya Lebar Commercial Hub and is lavishly designed with en-suites bedrooms that not only increases the potential for a higher rental yield but also embodies a luxurious pampering feel. The lay out is designed such that it is perfect for new families or multi-generation family. For investors, selected units are also designed such that they can be lived in & rented out at the same time and/or to maximize the rental yielding. Whichever unit it may be, one can definitely be able to enjoy the serenity afforded by the quiet solitude of the neighbours in your very own sleek modern development. Other upcoming launches include Jovell condo .

In addition to its serene location, freehold 33 Residence is only minutes from city life and the amenities one need. The building is only few minute walk to Kong Hwa School, minutes walk to Aljunied MRT, Paya Lebar MRT, Quarters and Interchange, a minutes walk to the City Plaza, the One KM Mall and the Old Airport Food Center.

Other areas are only a few MRT stops away, which include the Suntec City, Raffles City Shopping Center, the Singapore Sports Hub, Esplanade Theatres, Marina Ban Sands and the ION Orchard. The idea behind the development is that the building revolves around you, giving you a serene space that you can retreat to without giving up the convenience of city life.

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Jui Residences New Launch Condo at Serangoon Road

Jui Residences at 1177 Serangoon Road is a new launch condominium by Selangor Dredging. The freehold site, previously occupied by National Aerated Water Company, was bought over by Malaysia-listed developer Selangor Dredging. Located along Kallang River, Jui Residence has a land area of 31,705 sq ft and an allowable gross floor area of 88,775 sq ft based on a plot ratio of 2.8. Jui Residences is also close to Potong Pasir MRT Station, situated in a city-fringe location near to commercial and recreational amenities. Other upcoming new launch include Sixteen 35 Residences

Jui Residences is the perfect choice for both investment and own stay. Freehold development in a good location is a rare opportunity. Another plus point is the close proximity to upcoming Bidadari housing estate. The housing estate will be heavily invested by the government and the positive effect will create a ripple effect to surrounding properties.

All units comes with good and efficient sizes. The 1177 Serangoon Road condo comes with full condominium facilities, including indoor gymnasium and swimming pool. For families with school going kids, there are many reputable local and international schools in the surroundings like Cedar Primary School, Cedar Girls’ Secondary School, Pei Chun Public School, Saint Andrew Junior College, Stamford American International School, Curtin Singapore and many more.

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Rental volume increase by 5.8 per cent

SINGAPORE: Rental prices for Housing and Development Board (HDB) flats remained flat in May, while those for non-landed private properties decreased by 0.6 per cent compared to April 2016, according to flash estimates by SRX Property.

Rental volume increased by 5.8 per cent, with about 4,400 units rented in May - up from 4,158 the previous month. Upcoming new launch condo include The Tapestry , The Jovell condo , Park Colonial, The Opus , Jui Residences , Parc Botannia, The Jovell, Rezi 35, Carpmael Thirty Eight , Fivenine, Sixteen35 Residences and Kandis Residence , Sengkang Central condo while existing ones include Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.

Year-on-year, rental prices for private apartments were down 5.2 per cent. Private apartments in the city fringes saw the biggest drop in rent at 8.1 per cent, while those in the Core Central Region and Outside Central Region saw decreases of 1.5 per cent and 6.5 per cent, respectively.

For the month of May, rents for HDB three-room flats remained the same. HDB four-room flats posted a 0.4 per cent increase in rents, while HDB 5 Rooms and Executive rents posted a 0.1% and 1.5% decrease, respectively.

Rental volume for HDB flats saw a 1.5 per cent increase in May. About 2,005 HDB flats were rented, compared to 1,975 units in April.

Year-on-year, HDB rents in May were down by 3.8 per cent, and were down 9.7 per cent compared to its peak in August 2013, according to data from SRX Property.

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HDB resale prices and transactions down in Q1

SINGAPORE - HDB resale transactions fell by 10.9 per cent in the first quarter of 2016, and resale prices fell 0.1 per cent in the same period, the Housing and Development Board (HDB) said on Friday.

Resale transactions fell from 4,992 in the fourth quarter of 2015 to 4,449 in the first quarter of 2016, while the Resale Price Index (RPI) dropped 0.1 per cent, from 134.8 in Q4 2015 to 134.7 in Q1 2016. Upcoming new launch condo include Tapestry condo , The Jovell , Park Colonial, Opus condo , Jui Residences, Parc Botannia, The Jovell, Rezi 35, Carpmael Thirty Eight , Fivenine, Sixteen35 Residences and Kandis Residence , Sengkang Central condo while existing ones include Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.

The number of applications approved for subletting of HDB flats rose by 5.8 per cent, from 10,618 in Q4 2015 to 11,239 in Q1 2016, the HDB said in a release.

As at March 31, a total of 51,052 HDB flats were sublet, a rise of 1.6 per cent over the previous quarter of 50,264 sublet units.

HDB offered 4,170 flats for sale under the February 2016 Build-To-Order (BTO) exercise. In the upcoming May 2016 sales exercise, it will offer about 4,000 BTO flats and about 5,000 balance flats.

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Keen interest from an equal proportion of first and second-time buyers

SINGAPORE - The launches of two residential projects over the long weekend were met with muted response, with the Parc Life executive condominium (EC) project in Sembawang by Frasers Centrepoint Limited (FCL) and Keong Hong Holdings selling over 50 units of the total 628 units as at Monday.

This translates to a take-up rate of 8 per cent, despite the developers throwing in S$3,000 worth of Frasers shopping mall vouchers for people who purchase units of two bedrooms to five bedrooms on Saturday. Upcoming new launch condo include The Tapestry , The Jovell condo , Park Colonial condo , The Opus, Jui Residences , Parc Botannia, The Jovell, Rezi 35, Carpmael Thirty Eight , Fivenine, Sixteen35 Residences and Kandis Residence , Sengkang Central condo while existing ones include Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.

The vouchers were to be issued upon temporary occupation permit during the key collection period, according to agents.

Agents touted the price guide for Parc Life to be 2-5 per cent lower than the original price list.

According to FCL, units at Parc Life were sold at an average price of S$775 per square foot (psf); two-bedroom units start from S$578,550 while three-bedroom units start from S$660,250.

There was "keen interest" from an equal proportion of first and second-time buyers across the units sold, FCL said.

The three and four-bedroom apartments, ranging from 926 sq ft to 1,109 sq ft, made up 95 per cent of units sold.

Some agents attributed the poor take-up at Parc Life to the timing of the launch, which took place soon after the launch of the 632-unit EC project The Visionaire by Qingjian Realty. Qingjian sold 158 units during the launch last week and another six units over the long weekend.

"When you have too many EC units launching within a very close time period to each other, it is a case of temporary oversupply in that location," said SLP International executive director Nicholas Mak.

Century 21 Singapore's Ku Swee Yong noted that there is also competition from the new HDB build-to-order (BTO) flats, for which the gross monthly household income ceiling has been raised to S$12,000. "Both first timers and upgraders might not consider ECs in the suburban areas when they could apply for HDB BTOs very near town, such as in Bidadari."

For private residential project Sturdee Residences, nine units were sold during its official launch over the weekend, after 122 units or 40 per cent of units were sold during a preview event on April 23.

The 305-unit private condominium project is developed by a consortium, with Sustained Land's subsidiary SL Capital taking the majority stake.

Meanwhile, Cheung Kong Property Holdings has postponed the preview at its S$10 million showflat for mixed-use project Stars of Kovan from last weekend to May 7.

It will be launching the 390 residential apartments at Stars of Kovan at an average S$1,550-1,600 psf. There are also five strata terrace units and 46 strata-titled commercial units, which are marketed by CBRE.

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Sea Pavilion Residences New launch in EAST COAST

Sea Pavilion Residences is a new launch by Oxley Holdings in District 16, on 494 Upper East Coast Road. Sea Pavilion Residences is an exclusive freehold development which only consist of 24 units.

Sea Pavilion Residences location is well located due to its close proximity to East Coast Parkway Expressway (ECP), future Bayshore MRT and the famous East Coast Park. There are abundance of amenities in the Bayshore Precinct.

Sea Pavilion Residences prices will be attractive as compared to many surrounding Government Land Sales property with 99 years lease. It is hard to come by which we could see only 24 proud home owners could look at legacy for generations.

Contact the new launch condo developer sales team at 6100 3447 or register your interest at http://www.condolaunchsg.com/properties/sea-pavilion-residences/

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Sea Pavilion Residences

Sea Pavilion Residences

Sea Pavilion Residences condo launch SG

http://www.condolaunchsg.com/properties/sea-pavilion-residences/

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These residences just look incredibly beautiful and it's my dream to stay in one of these some day. I know that most people will a... Read More
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This is exactly what I was looking for. Thanks for sharing this great article! That is very interesting Smile I love reading and I... Read More
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Feasible option to downsize

More than 2,100 - 85 per cent - of those aged 55 and above who bought these two-room Flexi flats since the scheme was introduced in August 2015 chose a shorter lease than the usual 99 years, HDB said in a press release .

The scheme allows elderly buyers to choose from flexible lease options ranging from 15 years to 45 years in five-year increments.

Prices of these flats vary according to the length of the lease they go for, and buyers pay for the unit using cash or their Central Provident Fund savings, instead of a mortgage loan. Upcoming new launch condo include The Tapestry ,
Jovell condo , Park Colonial, Opus condo , Jui Residences , Parc Botannia , The Jovell , Rezi 35, Carpmael Thirty Eight , Fivenine , Sixteen35 Residences and Kandis Residence , Sengkang Central condo while existing ones include Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.

When the scheme was announced, HDB gave as an illustration possible price differences for a two-room Flexi flat - a unit could cost around $110,000 for a 99-year lease, and $62,800 for a 40-year lease. A unit with a 15-year lease can go for as low as $36,700.

HDB said the 40-year lease was the most popular option among elderly buyers, with 697 bookings.
The 35-year and 30-year leases were the next most popular options, with 559 and 344 bookings, respectively.

The shortest lease of 15 years attracted just 32 elderly buyers, including one senior citizen who is 95 years old.

Only 366 buyers opted for the full 99-year lease.

A retiree who opted for a shorter lease, who gave her name only as Ms Soon, 70, bought a two-room Flexi flat in Sengkang with a 45-year lease.

Ms Soon told The New Paper yesterday she opted for a shorter lease as it allowed her to save money.

She said: "It does not make sense for me to get a 99-year lease, so I am happy I had the option to get the flat for cheaper.

"I am old and can no longer work, so this kind of flat is a good option."

Since the two-room Flexi Scheme was introduced, 6,070 units have been offered in four sales exercises, and 87 per cent were booked.

Selection for 4,000 more of such units is still ongoing.

Almost half of those who bought these flats were aged 55 and above, while the rest were families and singles.

Mr Nicholas Mak, head of research and consultancy at SLP International, said the flexi-lease scheme would appeal to retirees because it is a feasible option for them to downsize.

"With this flexi scheme, the elderly get to monetise their existing four- or five-room flats by selling it and then buying another one.

"They still get to live in a place of their own," said Mr Mak.

"A lot of money and CPF are tied up in their flat, so by buying small and selling big, they can draw some money out."

According to HDB, these flats have been well-received by buyers, with application rates ranging between 1.2 and 6.1, meaning that up to 6.1 people applied for one unit on average.

In the first sales exercise this year, held last month, HDB said the application rate for two-room Flexi flats was 4.1, with 2,894 applications for 713 units in Punggol.

HDB added that it is committed to launching more Build-To-Order projects with two-room Flexi flats islandwide to provide a wide choice of locations.

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Rental volume in December was 6.4 per cent higher

RENTAL prices in the non-landed private residential sector here are expected to decline by about 5 to 8 per cent this year while rental transactions will probably hold firm, said ERA.

It added that as Housing Development Board (HDB) rents continue to be pushed down by the falling rents in the private residential sector, 2016 is forecast to record a continued decline in rental pricing, while rental demand is expected to remain resilient. Upcoming new launch condo include The Tapestry , The Jovell, Park Colonial, The Opus , Jui Residences , Parc Botannia , The Jovell , Rezi 35, Carpmael Thirty Eight , Fivenine , Sixteen35 Residences and Kandis Residence , Sengkang Central condo while existing ones include Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.

The comments come shortly after the release of flash estimates from the SRX Property Price Index on Wednesday, which indicated that rents in non-landed private residential sector have remained relatively flat in December, while public housing rents have slipped.

For non-landed private residential rentals, rents inched up 0.1 per cent in December 2015 from a month ago.

On a year-on-year basis, rents in December were down by 5.4 per cent.
But rental volume dropped 7.0 per cent month on month.

According to SRX property, about 3,093 non-landed private residential units were rented in December, down from 3,325 units rented in November.

Year on year, rental volume in December was 6.4 per cent higher.

Over on the public housing side, HDB rents slipped 0.6 per cent in December month on month.

Year on year, rents in December were down by 4 per cent.

SRX property price sub-indices for HDB rentals in mature estates experienced a 0.2 per cent decrease, while rents in non-mature estates slid one per cent in December.

SRX Property said about 1,817 HDB flats were rented in December, a 1.5 per cent rise from 1,790 units rented in November 2015.

On a year-on-year basis, HDB rental volume in December rose 8 per cent.

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