November 17, 2012
Let’s start by grouping the considerations/strategies into those that come into play at point-of-purchase, and those that can be initiated a little later down the line:-
Purchasing Your Rental Unit - Beyond PSF
Obviously when selecting property for investment, location is key. How well-connected a development is to transportation networks, amenities, schools etc and how popular the neighbourhood is with the expat crowd. (Since Singapore has one of the highest rates of home-ownership thanks to HDB, local renters form an almost insignificant component of rental demand.) URA will also provide you with plenty of rental and sale transaction data to help you determine the expected rental yield of a particular property. But as I often urge my clients and readers, let’s delve a little deeper than pure per-square-foot data.
The beauty of property investment is that it’s part science, part art. The art is in picking up the non-tangible elements of a development, the things that won’t be reflected in URA’s statistics. Let’s do a quick little case study – take One Devonshire, a relatively new 152-unit development right behind Somerset MRT.
One Devonshire – Image courtesy of Allgreen Properties Pte Ltd
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November 6, 2012
Something’s been bothering me. I keep hearing people blaming rising housing prices on truckloads of hot money coming into Singapore and blowing bubbles into the property market, and how the property market will subsequently implode when the funds inevitably leave.
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November 1, 2012
Parvis Site Plan
Development Name: Parvis (pronounced par-vee, though most refer to it as par-vis, yours truly included)
District 10, Freehold
Developer: Ho Bee Group & MCL Land
Address: 12/16/18 Holland Hill ( 3 blocks of 12 floors)
• 2-Bedroom (51 units): 990 – 1,440 sq ft
• 3-Bedroom (100 units): 1,700 – 2,260 sq ft
• 4-Bedroom (76 units): 1990 – 2,600 sq ft
• Penthouse (21 units): 2,300 -3,230 sq ft
Set atop Holland Hill, my first grouse was that vehicular access was only via Farrer Road, from the Queensway side, however my grumbles were soon forgotten once I reached the sprawling 246,000 square foot grounds.
You’ll notice the difference from the minute you hit the driveway, firstly the concierge front-desk to the left as you enter. A concept first made popular by SC Global with their flagship project The Marq, it’s now practically a standard for all luxury developments around the Orchard area, but something considerably rarer in the Holland area. Secondly, the basement carpark – 273 parking lots for 248 apartments – each generously-sized, and no narrow, awkward corners where you might scratch your beloved vehicle. The basement carpark is also unlike your usual depressingly dark and stuffy basement carpark. It actually feels rather bright and breezy thanks to good ventilation, and the modern sculptures placed at various spots are a welcome touch, breaking up the monotony of a space more known for function than form.
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