December 2022 records: 5-room DBSS in Jurong West sold for S$858k, 2-room HDB in Choa Chu Kang sold for S$318k

The closest MRT station to Block 535 Choa Chu Kang St 51 is Yew Tee MRT terminal, about 800 metres away or approximately a 10-minute stroll. Choa Chu Kang MRT terminal is southern of the block, which is roughly 1.3 kilometres away (regarding an 18-minute stroll).

Independently, a 495-sqft, 2-room (Version A) HDB resale flat at 535 Choa Chu Kang Road 51, located within the 7th to 9th-floor range, had actually just set a record for 2-room flats in the town when it was sold for S$ 318,000 (S$ 642 psf) in December 2022.

The previous document set for a 2-room flat in CCK was in June 2022, when a 495-sqft system in the same block (10th-12th floor variety) was sold for S$ 305,000 (S$ 616 psf).

Getting on a high flooring, the record-selling device most likely has an awesome view of this “view”.

The brand-new sale also went beyond the document set in the neighbouring community of Jurong East, where the current owner is a 1,324-sqft, 5-room (Boosted) HDB resale level at 288D Jurong East Street 21, sold for S$ 805,000 (S$ 608 psf) in April.
Blocks 138B to 138D of Lake Vista Yuan Ching Roadway
Blocks 138B to 138D of Lake Vista DBSS ignore low-lying structures formed by a global college as well as Jurong Senior high school.

A lot of the 5-room devices within Blocks 138B to 138D of Lake View deal with the narrow, open field location bounded by Firm Drive, Hu Ching Roadway as well as Yuan Ching Road. Their porches ignore low-lying buildings developed by the Yuvabarathi International School and also Jurong Senior High School, with Jurong Lake Gardens to the east and also northeast.

Finished in September 2014, Lake Vista has a remaining lease of 90 years 9 months. It makes up 682 units throughout 3-, 4- as well as 5-room flat kinds.

A 5-room HDB level in DBSS development Lake View, along Yuan Ching Roadway, has actually simply been cost a record S$ 858,000 in December 2022, making it one of the most pricey 5-room HDB resale level in Jurong West.

The 1,163-sqft unit, situated within the 19th-21st flooring range at block 138C, was cost S$ 738 psf, which is also a psf price document for 5-room flats in the area.

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Yuan Ching Road Chip Eng Seng Condo

The highlight of this block is that it deals with Limbang Park as well as is beside the Limbang Shopping Centre. The development is called Limbang Meadows, with TOP on September 2011 and a continuing to be lease duration of 87 years and also 9 months.

We need to emphasise that this development is no place near any type of MRT station (Lakeside MRT station has to do with 2.2 kilometres, or a 27-minute walk away). It is, nevertheless adjacent to the SuperBowl Jurong buying area (with a Sheng Shiong supermarket) and also is a short drive along the AYE to the Tuas Secondly Web link checkpoint.

The previous record holder for a 5-room HDB resale flat in Jurong West was additionally at the exact same advancement however nearby block 138B. In August 2022, a 1,130-sqft device within the 13th-15th floor array was cost S$ 805k (S$ 712 psf).

Singapore Real Estate Investment Benefits From Flight-to-safety Among Investors

Bukit Batok West Avenue 8 EC

Financiers must take an extra cautious approach on brand-new asset purchases in some Oriental markets and pivot their focus from traditional possession courses towards a variety of particular niche areas that use brighter overview, the record claims, adding that this might include protective sanctuaries and new-economy motifs.
The checked real estate players highlighted multifamily, hotels, elderly living, and logistics field residential or commercial properties as defensive havens. At the same time, protective realty would include good qualities such as lease indexation, much shorter lease term, as well as trusted recurrent earnings.

Meanwhile, Tokyo continues to enjoy aner-zero rate of interest atmosphere which ensures lower family member loaning prices as well as a much more positive spread over the cost of debt.
These were the searchings for from the 17th version of the Arising Trends in Real Estate Asia Pacific Report by the Urban Land Institute and PwC., which was released on Thursday November 24.

Singapore, Tokyo, and Sydney rank as the top three markets amongst financiers. Singapore took advantage of the redirection of funding that might or else have actually been released to assets in Mainland China and Hong Kong.

This lacklustre belief was mirrored in a 38% y-o-y fall in regional purchase volumes in 3Q2022 to US$ 32.6 billion. This was the lowest 3Q volumes for a decade in the region, the record claims.

The record is based on a study of 233 real estate specialists and also 101 meetings with investors, developers, building firm representatives, and loan provider brokers.
Overall, the record kept in mind a downtick in investor sentiment amidst problems over the climbing price of financial obligation, greater rising cost of living, as well as a looming recession. These aspects saw many investors decide to suspend purchase activities until forecasts of worldwide rate walkings become more clear.
“Rising interest rates as well as the slowing down global economic situation are starting to influence regional asset valuations and also changing the method capitalists evaluate prospective offers,” states David Faulkner, president of ULI Asia Pacific.