Constructed in the 1980s, Royalville includes 93 flats and 11 stores.
The en bloc frenzy proceeds after Royalville in Bukit Timah Road became the newest project to be set up for sale on Thursday (12 October).
The freehold condo in District 10 joins a growing set of aging properties in prime districts which are trying their luck at a collective deal. Including Cairnhill Mansions along Cairnhill Road that has an indicative cost of $362 million, and Tai Wah Building along Killiney Road at $81 million. According to Property Guru, Twin Vew Condo will be also be launched at West Coast Vale.
Built in the 1980s, Royalville includes 93 flats and 11 stores and sits on a sprawling website measuring 174,176 sq ft.
The owners are requesting for $368 million, which turns out to a land rate of $1,509 psf per plot ratio. No development fee is payable.
“There hasn’t been any freehold site of the size available for sale in Bukit Timah at the previous 10 decades,” explained Swee Shou Fern, senior manager, investment advisory in advertising representative Edmund Tie & Co..
The bureau anticipates keen interest to the home, together with the thriving programmer inclined to redevelop the website into a luxury condo of around 323 units.
Royalville is a Brief stroll from Sixth Avenue MRT station, and is also near to shops and eateries in The Grand Stand, Holland Village and Dempsey Hill.
The upcoming job will attract families as many schools are from the area including Raffles Girls’ Primary School, Hwa Chong Institution and National Junior College.
When compared with other ECs most of which are situated in the rural parts of Singapore, the development is well positioned in an established precinct. The convenience of public transport connection in the region empower residents to reach their desired destinations without much hassle. Hougang or Kovan MRT stations are a short bus ride away. With the MRT’s complex network system, residents can easily zip into town or the remaining portion of the isle.
At Hundred Palms Residences, you’re never far from popular eateries and shopping malls. Hougang One is just a few minutes’ walk away. Residents looking to unwind over lifestyle indulgence you can really do so at Hougang Plaza, Greenwich V, Heartland Mall, myVillage at Serangoon Garden, Hougang Mall, Hougang Green Shopping Centre as well as The Midtown. Chomp Chomp Food Centre, Serangoon Garden Market and Food Centre and Hougang Street 21 Market And Food Centre aren’t so far away.
Hundred Palms at YCK really near
Being close to amenities, you can enjoy resort dwelling in the development. The EC comes with an all-inclusive selection of unique and luxury facilities. Pamper yourself be a fine collection of lifestyle facilities that include playground, pool deck, swimming pool, gymnasium, BBQ and more. Beat and take a dip in your pool of choice. By increasing your level of fitness in the gymnasium, appreciate a healthy active lifestyle. Sports enthusiast will appreciate conveniences like Serangoon Stadium, Serangoon Gardens Country Club, Kovan Sports Center and Hougang Sports Hall.
Families with school-going kids can anticipate a host of educational institutes in the area. Prestigious Rosyth School is located within 1 km from Hundred Palms Dwellings Condo. Hougang Primary & Secondary School, Xinmin Primary & Secondary School, Montfort Junior School & Secondary School, Bowen Secondary School, Serangoon Garden Secondary School, Serangoon Junior College and Nanyang Polytechnic are all located in the neighbourhood.
Location wise, Hundred Palms considered a premium one
Hundred Palms Residences EC is a good choice for the prospective homeowners looking to own their first house or upgrade from their existing HDB flat. Potential buyers can appreciate a subsidised private lifestyle living that is residential. Executive condos are usually priced at a lower quantum than private condo, leading to a lower price on dollar foot basis. Joining the very best of value and aesthetics, ECs seem set to be a choice purchase for property buyers.
Know all the details about a rental property before you purchase. Make sure that you make the best decision about a property that’s for sale by acquiring all the knowledge that you can. Study the information below and allow it to assist you in making your property purchasing experience successful instead of a nightmare. Go through the accompanying strategies as soon as you are prepared to make a property purchase.
When you decide to buy a rental property, know very well what you’re getting yourself into. Even though there is money to be made, there is far work and risk required. Furthermore, you need to factor in unexpected costs such as plumbing issues or repairs – without a landlord to fall back on, these costs can pile up. For this reason, you need to have rainy day money set aside to pay for those items.
Making significant purchases or moving your money around three to six months before buying new rental property isn’t an excellent idea. You need to avoid taking any large risks with your credit. A bank wishes to feel comfortable that you can handle a big loan. Starting new credit cards, having too much debt or buying many expensive items can lead to difficult loan approvals.
A buyer who is pre-qualified and a buyer who is pre-approved for loans are two different cases. Getting pre-qualified for a loan is something anyone at all can do. Pre-approval is any time a loan company has examined your financial situation and has given you information on what you are in the position to afford and how much you can borrow. You’ll save much time and hassle examining properties you cannot afford to purchase when you’re pre-approved for a real estate loan.
First time home purchasers are often surprised at how much their closing costs add up to. You should never forget to address closing costs when settling on your rental property. Title, original lending institution charges and settlement charges and taxes are a few things that ought to be included with the final closing costs. Find the average closing costs in the property location by checking out an annual closing cost survey.
The obsession of endeavoring to determine the very best time to buy isn’t something you should entangle yourself with. When it involves endeavoring to guess the right market condition it is impossible. Finding the perfect rental property and price will always be the very best time for you to buy. Real estate is cyclical, with prices fluctuating up and down and up again.
Everyone needs to know about investments. If you have been wanting to learn about them, you probably need some help. This is the purpose of this expert advice. Keep reading for solid advice on making investments work for you.
Don’t invest in real estate until you have talked to an appraiser or realtor. If they offer to pay for the inspection, it may be someone that favors them. Always get a neutral report or a lookover from someone that you personally trust.
This is how the market respond to an upcoming MRT. Prices increase with more buyers looking into the region. There are a couple of undervalue brand new condo that has these characteristics.
Many people are keen to find a property for investment or own stay but are afraid of committing as we all fear of losing our hard earned money.
Many are concern should I buy a HDB or EC or PTE? As for many first timer, their main choice is HDB first but is this the only choice?
Today I have seen many younger people choosing either PTE or EC instead of HDB and the upcoming executive condo, Piermont Grand will be a highlight for the HDB upgraders.
Why is there an increase in numbers of private owners from 7% to 16%?
In fact there are many things that I will be sharing during my upcoming seminar, it also include What actions should sellers consider and how they can leverage on their existing asset to grow for you.
Like what many people say, “learn how to let your money work hard for you”.
You can join real estate groups online, and you can also follow blogs from prominent investors in the market. This will provide you with helpful information for you to start using in your own investment strategy. You could even get to speak to these professionals directly.
If you are already a homeowner or have experience as one, consider starting your real estate investment efforts with residential properties. This arena is already something you know about, and you can start good investment habits. Once you are comfortably making safe money here you can move on to the slightly different world of commercial real estate investment.
Search the market for foreclosures, as these can gross you the most income during your investing. These properties will be listed below the market value of the home, as you can get some great deals to turn a profit with. There will be a bidding war, but if you win you could be sitting on a gold mine.
Never give up! Real estate investing is not a simple thing to jump into. There’s a lot to learn, and you should expect quite a few bumps and bruises along the way. But with patience and increased skills from playing the game, you’ll become better and better at it.
Study the local ordinances and laws of your target neighborhoods. You should know the laws of your locality before you buy. Before you put down any money, make sure you contact all necessary officials and are aware of and compliant with any relevant regulations.
Keep your emotions at bay when negotiating. Keep in mind that homes you buy as investments are not places where you are going to live. Avoid making emotional decisions about properties and you will avoid overpaying. This advice will help you make money!
Survey the market often so that you can see when trends are beginnings so that you can get in on chances like that when the opportunity for profit is the best. When you see that there is a demand for a certain type of property, then you know what types of properties you have the best chance of profiting with.
Be prepared for failure. Failure is part of the learning process. You are going to make mistakes. Make sure you have a few exit strategies and some money put back just in case. Don’t let your failures discourage you. Don’t give up and quit. Learn from your mistakes and keep going.
Be very broad in your estimates of expenses and income. Estimate high when it comes to repairs, expenses and improvements. Estimate low when it comes to income. When you do this, you will avoid disappointment. Furthermore, you will be more likely to manage your money well and end up with more of it in your pocket.
You should look at real estate as a long-term investment. When you sell, there are selling costs that you are responsible for, such as the commission to your real estate broker. If your investment property did not increase in value much because you did not hold on to it long enough, you may end up with a net loss after you factor in paying the commission.
Real estate investing requires time and money. Often people think they will just make lots of money with real estate, but there’s a lot more to it than that. You have to throw yourself into the process in order to do it right.
Make a goal for yourself. Sit down and really think about why you are investing. Decide exactly what it is that you want to accomplish. Just how much money do you hope to make? When do you want it by? Set short-term goals for yourself as well as an overall, long-term goal.
Remember to buy low and sell high. It seems like obvious advice, but many people ignore it. Don’t buy a stock because it is doing well. You’re likely to lose a lot of money this way. You want to sell when it is doing well and buy when it is low.
Now you know what you can do to get into making investments so you don’t have to be afraid of getting started. Patience as you implement these ideas is key. Once you have made your investments, sit back and enjoy your success.