Who are the Expats staying in Serangoon Town in 2018?

It consists of French, Australian, American and China expats. Expats from these countries can be seen living in Serangoon Town due to Serangoon town is in the middle of STAMFORD AMERICAN INTERNATIONAL SCHOOL, LYCEE FRANCAIS DE SINGAPOUR (French International School) & AUSTRALIAN INTERNATIONAL SCHOOL SINGAPORE.

Serangoon is a town of a very well mix of landed houses, Condominium and Government housing (HDB), it gives expat families to understand and see the culture of local communities and lifestyle. Many French nationalities going around Serangoon north avenue 1 and 2 for lunch and dinner during the weekdays. Serangoon town used to be predominantly locals, however as the nation progresses and standard of living is improved, more and more foreigners are attracted to this estate which is easily connected to the city and CBD area within 20 mins by train or 15 mins by private transport.

During night time, most of the expats can be seen at JALAN GIRANG, SERANGOON GARDEN or NEX mall, which normally they will dine in restaurants or cafés, do shopping and watch movies. Although it is a residential area, there are also shops that operate till late at night as an extra amenities for condominium and HDB residence.

There is also an increased demand for new launch condominiums in this northeastern part of Singapore, we can see more and more showrooms popping up in the area.

Serangoon town also very well connected to the city, airport, orchard road, Sentosa and business district areas. Serangoon town consists of NORTHEAST LINE and CIRCLE LINE MRT, which connected to most of the busiest town in Singapore such as Queenstown and Commonwealth. It makes EXPATS easier to go around Singapore.

Serangoon town also very well connected by CENTRAL EXPRESSWAY (CTE) which can lead you to PAN ISLAND EXPRESSWAY (PIE) , and BARTLEY ROAD EAST VIADUCT which can lead you to KALLANG PAYA LEBAR EXPRESSWAY (KPE) & TAMPINES EXPRESSWAY (TPE). All these express ways play an important part for residents who live in Serangoon town, it saves them a lot of time if they are heading to Airport, City, Raffles place (Business district), Marina Bay Sands, Changi business park, Expo, Sentosa and etc.

With the conveniences of travelling to other parts of Singapore and amenities available in Serangoon Town, it seems like it’s a good choice for expats families. It enables them to understand local culture and lifestyle.

For the year of 2017 till 1st quarter of 2018

These are the few condominiums around Lorong Chuan MRT which is nearby Australian international school Singapore:

THE SCALA:

  • 1 Bedrooms: around 474 sqft , rental around $2000 – $2500
  • 2 Bedrooms: around 829sqft – 850sqft, rental around $2800 – $3500
  • 2 + study : around 893sqft – 904sqft, rental around $3000 – $3600
  • 3 Bedrooms: around 1033sqft – 1055sqft rental around $3500 – $4000
  • 3 + study : around 1098sqft rental around $3800 – $4500
  • 4 Bedrooms: around 1227sqft rental around $4000 – $4600
  • Penthouses and patio units rental normally ranging from $300 – $1500 different from their typical units sizes of each bedrooms.

THE CHUAN

  • 2 Bedrooms: around 936 sqft, rental around $2800 – $3000
  • 3 Bedrooms: around 1281sqft – 1582sqft, rental around $3600 – $5400
  • 4 Bedrooms: around 1658sqft rental around $5800 – $7000

THE SPRINGBLOOM

  • 2 Bedrooms: around 1119sqft – 1604sqft, rental around $2700 – $4000
  • 3 Bedrooms: around 1302sqft – 1948sqft, rental around $4000 – $4500
  • Studio: around 893 – 1163sqft, rental around $2300 – $2500

GOLDENHILLPARK CONDOMINIUM

  • 2 Bedrooms: around 926 – 936sqft, rental around $2700 – $3200
  • 3 Bedrooms: around 1313 – 1561sqft, rental around $3200 – $4900

Prices reference from https://www.ura.gov.sg/realEstateIIWeb/transaction/search.action

These are the few condominiums around LYCEE FRANCAIS DE SINGAPOUR (French International School):

KENSINGTON PARK CONDOMINIUM

  • 3 Bedrooms: around 1249sqft – 1658sqft, rental around $2800 – $3800
  • 4 Bedrooms: around 1658sqft – 2293sqft, rental around $3500 – $4800

REGENTVILLE CONDOMINIUM

  • 2 Bedrooms: around 980sqft – 1163sqft, rental around $2000 – $2500
  • 3 Bedrooms: around 1076sqft – 2077sqft, rental around $2300 – $3000

TERRASSE CONDOMINIUM

  • 1 Bedroom: around 550sqft – 656sqft, rental around $1700 – $2000
  • 2 Bedrooms: around 730sqft – 900sqft, rental around $2100 – $2600
  • 3 Bedrooms: around 1000sqft – 1250sqft, rental around $2900 – $3300
  • 4 Bedrooms: around 1350sqft – 1450sqft, rental around $4000 – $5000

Above are the transactions from SRX collected data.

It is important to stay updated with latest condo news and prices so you can keep track of your favourite property investment.

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Singapore a Property Bubble in 2018?

What is a Property Bubble?

Property price bubbles are a regularly occurring phenomenon that occurs during the property life cycle. You may have heard about investors and homeowners talk about property bubbles and their experiences with it. It may even give you an impression that you should always buy on a low and sell on high. Developers and buyers and homeowners always try to spot one but it is not easy to measure or tell which economic property cycle your valuable estate is in.

The term bubble refers to a mispricing of an asset, however, the existence of a bubble usually cannot be proven until it burst. When it bursts it will drive down property buyer sentiments and usually is accompanied by an overall economic adjustment or downturn. Property markets are always vulnerable to mispricing and speculations. Government intervention can also help a property market recover faster or to try an avoid one.

Monetary Policies and Prices

However, it is very difficult to avoid as it is tightly related to monetary policies and sentiments of its resident population. Owners and landlords usually experience a lower rate of returns and lower rental yields during a downturn or after property market has corrected due to the existence of a bubble, it is not uncommon to find unlighted and empty showrooms and apartments during these trough periods.

Developers usually bid lower for land and lower their costs, showrooms may even have very low traffic. However, it may also be an opportune chance to pick up good properties at a good price. As when property and condominium prices increase, rental yields will improve. Some freehold apartments may even move into 99 leasehold prices.

As difficult as it may be, spotting a bubble may be possible. Using historical data, we can observe or try to estimate which cycle of the property cycle we are in. Typical signs include decoupling of income from rents and a distortion of the real economy. Excessive lending, especially in the mortgage sector or construction activities, may also be useful indicators. By focusing on certain characteristics, we may be able to help spot an opportune moment to enter or exit the market.

However strong an index or using historical data and trends, it may not be enough. A change in macroeconomic sentiments and momentum may shift the entire landscape. A major supply can also trigger a decline in property and house prices.

Falling mortgage rates over the last decades have made buying a home more attractive. This, in turn, increases willingness to fund home ownership.

[Read: Margaret Ville 2018 Updates]

Rising Home Prices

The expectations of increasing home prices cause increased activities as obvious as new launch condominium preview walk in and visitor-ship of the higher rate. It will cause exaggeration of prices during boom periods. These expectations are highly self-reinforcing. This is the reason Singapore has endured greater price correction that other underdeveloped nations.

If we observe boom-bust periods of housing markets in the last 35 years, we can claim that fundamentals do matter a lot. Investors have also Be extra alert to rising interest rates. Interest rates may serve as a serious indicator for corrections. Most downwards cycles are preceded by rising interest rates and mortgage rates. Capital inflows also play a serious role.

Historically, home buyers and property investors have to be alert to rising interest rates as it serves as a leading indicator for corrections for condominium prices. Singapore’s property prices soared and rose by double-digit rates after the Lehman brother financial crisis. Singapore subsequently launched close to 20 property measures over 4 years in an attempt to cool down the market. For almost six years now, the government has engineered a soft landed based on lowering property prices in both the Hdb and condominium, new launches were also subdued. Across districts from Sengkang to Punggol, Queenstown to Pasir Ris and finally to Jurong West.

Global Real Estate Index

The UBS global real estate bubble index scores Singapore at a fair valued territory. As the government ends the regulatory cycle of property measure there is a stage set for a turnaround. There is strong supply as private condominium vacancy rates increased from 6% to 9% for the year 2015 to 2017. Multiple rounds of implemented cooling measures have worked and these factors will now set to reverse. The figures for housing permits are at its lowest. New private home supplies are expected to decrease by 29% this year and then 26% the next year. It seems the apartment and flat demand is set to improve and a single digit price growth is expected.

However, private market housing remains barely affordable to the median working class individual or household. The P/I ratio is at 11. On the contrary, a decade ago it was at 15. So it is considered an improvement and landlord and buyers will see to take advantage of this friendly climate. Showrooms are starting to report brisk sales across all bedroom types and across all geographical areas. For example, the recent Margaret Ville Condo and Hundred Palms Residences were built up with hype and excitement, causing the showroom to be filled on the opening launch. Land bid prices also soared as developers become more confident and try to beat overseas developments to increase their land banks.

 

Margaret Ville: May 2018 Updates with E-Brochure and Floor Plans

The newest Condo launch in Singapore – Margaret Ville – at 20 Margaret Drive, Queenstown, has officially launched their E-Brochure and Floor Plans, alongside other information that will be useful for buyers and investors. The showroom preview is expected to launch between May – June 2018 and buyers can get first hand early viewing on what to expect for this launch. Interested buyers should take note of the updates to plan their own condo viewing schedule.

Margaret Ville Entrance

If you haven’t yet taken a look, here’s the overview of the Margaret Ville Project in Singapore:

Margaret Ville’s Factsheet

Specifications Information
Project Name Margaret Ville
District 3
Developer MCL Land (Regency)
Co-Developer
Address 20 Margaret Drive Singapore 149312
Showflat Location 20 Margaret Drive Singapore 149312
Developer Sales Hotline +65 6387 9196
Est Indicative Selling Price Range To be updated (PSF)
Tenure 99 Years
No of Units 309
No of Blocks 1
No of Storey 40
Unit Types 1 Bedroom to 4 Bedroom
Site Area 4,809.73 sqm / 51,772 sqft
GFA 22,195 sqm / 238,905 sqft
Architect Architects 61 Pte Ltd
Expected Date of Completion 31 December 2024
Expected Date of T.O.P 31 December 2021

Top 3 Key Takeaway:

  1. T.O.P Date at 31 December 2021
  2. Location at 20 Margaret Drive Singapore 149312
  3. Unit types range from 1 bedroom to 4 bedroom

Margaret Ville Prices

For the estimated psf prices, you may refer to the table below:

Price Bedroom Type
From 9xxk 1 Bedroom
From 1.1m 1 + Study
From 1.35m 2 Bedroom 1 Bath
From 1.5m 2 Bedroom 2 Bath
From 1.75m 2 + Study
From 1.75m 3 Bedroom
From 2.35m 4 Bedroom

Margaret Ville will start from an estimated of S$900k+ for 1 Bedroom, up to S$2.35 million for 4 Bedrooms. Previously, MCL’s bid for the Margaret Drive site translates into S$997.85 per sq ft per plot ratio. Singapore Condos have been similarly priced as observed between 2017-2018, while also largely based on its location and prestige.

As Margaret Ville MCL Condo is located in the Queenstown region, it is beneficial to learn more about the setting of this location in District 3. Homes in Queenstown are highly popular given their proximity to the city. Queenstown will see more diverse housing options for Singaporeans and opportunities for young couples to live close to their families. Margaret Drive will see new public housing, the development of new private housing nearby and the construction of a nursing home to serve the needs of elderly residents. Ghim Moh will see new high-density housing in future. New homes will soon rise near the fringes of Holland Village.

Margaret Ville - Queenstown Masterplan

 

Margaret Ville Floor Plans Preview

Good news buyer! Here are the exciting floor plans you can get access to to prepare yourself for the upcoming launch and showroom preview. We are delighted to feature the top 3 Floor Plans of this condo at this moment:

Margaret Ville 3 BedroomMargaret Ville 2 Bedroom + StudyMargaret Ville 1 Bedroom + Study

Ranging from 527 sqft to 969 sqft, Margaret Ville is a reasonably spacious condo unit for you and your loved ones to stay in. Even for investment, it makes for an ideal deal since it is located in the prime areas just outside of the CBD of Singapore.

Margaret Ville is midway found near significant transport center points, for example, the Ayer Rajah Expressway and the Commonwealth MRT station, and is likewise near famous strip malls like IKEA Alexandra and Alexandra Central, Queensway Shopping Center, and a huge number of other energizing retail improvements that are at present in progress.

Occupants will likewise approach a portion of the region’s most lofty schools like the International Anglo-Chinese School, and additionally the Crescent Girls’ School, while a portion of Singapore’s head recreational, feasting and shopping offices at Orchard Road, Sentosa and Dempsey, are a couple of minutes’ drive from Margaret Drive.

ABOUT MARGARET VILLE DEVELOPER MCL LAND

The MCL Land prides itself on values like development, dynamism and greatness. The organization has more than five many years of involvement in creating premium quality private properties in Singapore and Malaysia, and is a piece of the main Jardine Matheson Group, which constitutes some portion of Hongkong Land Holdings.

A portion of the MCL’s prominent advancement ventures incorporate LakeVille, Hallmark Residences, The Estuary, Ripple Bay, Este Villa and Waterfall Gardens. The uncommon nature of these improvements is yet a look into the mastery this prepared advancement gather conveys to the Margaret Drive advancement.

GET READY FOR YOUR LAUNCH

Margaret Ville Condo is very much put in a quickly developing town which is set to develop by a wide margin through the span of the next decades. It exhibits a unique open door for speculators and inhabitants alike, to be an early piece of this improvement, and further advantage in the years to come. To check your advantage and appreciate prompt riser benefits, enroll today!

Expect to find a great assortment of facilities including, but not limited to, swimming pools, bbq pits, fully-fitted gyms, pavillions, meeting points and so on.

For more information, be sure to refer to the source reference at: https://margaretville.sg/margaret-ville-may-2018-updates-e-brochure-floor-plans/