{"id":129737,"date":"2022-09-12T07:30:01","date_gmt":"2022-09-12T00:30:01","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-flats-most-popular-in-august-2022-bto-exercise-sky-edenbedok-sells-75-of-units-on-launch-day-and-more\/"},"modified":"2022-09-12T15:39:50","modified_gmt":"2022-09-12T08:39:50","slug":"tampines-flats-most-popular-in-august-2022-bto-exercise-sky-edenbedok-sells-75-of-units-on-launch-day-and-more","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-flats-most-popular-in-august-2022-bto-exercise-sky-edenbedok-sells-75-of-units-on-launch-day-and-more\/","title":{"rendered":"Tampines flats most popular in August 2022 BTO exercise, Sky Eden@Bedok sells 75% of units on launch day and more"},"content":{"rendered":"


\nTampines flats most popular in August 2022 BTO exercise, Sky Eden@Bedok sells 75% of units on launch day and more6th September to 12th September 2022
\nBuilt-to-Order (BTO) flats in Tampines emerged as the most popular during the recently concluded August 2022 BTO exercise, while demand for Prime Location Public Housing (PLH) flats in Bukit Merah was \u201clacklustre\u201d in comparison. Meanwhile, Sky Eden@Bedok has received robust interest, with about 75% or 118 of its 158 units sold during its first day of launch.
\n\u00a0
\n1) Tampines flats most popular in August 2022 BTO exercise<\/p>\n

BTO flats in Tampines emerged as the most popular during the recently concluded August BTO 2022 exercise, with larger five-room flats in the estate getting 3,082 applicants for the 117 units on offer, reported CNA.
\nThat means the overall application rate\u00a0for\u00a0non-elderly applicants for the 5-room Tampines August 2022 BTO flats\u00a0was 26.3.\u00a0
\n\u201cWe noticed that five-room flats are very popular among buyers this time around. This could be due to fewer new five-room flats released in mature estates in recent launches,\u201d said Christine Sun, Senior Vice-President of Research and Analytics at OrangTee and Tie.
\nFour-room flats in Tampines also received robust interest, with 3,347 applicants for the 150 available flats; the overall application rate was 22.3.
\nFlats at Central Weave @ AMK were also hotly contested, with the four-room, five-room and 3Gen flats attracting more than eight applicants for each unit.
\nMeanwhile, One Global Group\u2019s Senior Analyst Mohan Sandrasegeran noted that application rates for Havelock Hillside and Alexandra Vale appeared \u201clacklustre\u201d, possibly due to the longer completion times and longer Minimum Occupation Period (MOP).
\n\u00a0
\n\u00a0
\n2) Sky Eden@Bedok sells 75% of units on launch day<\/p>\n

Sky Eden@Bedok has received robust interest, with about 75% or 118 of its 158 units sold during its first day of launch on 7 September.
\nIn a release, Frasers Property Singapore revealed that the 118 residential units were snapped at an average price of around $2,100 per sq ft (psf).
\nIt shared that all two-bedders at the development have been fully sold, while the remaining three- and four-bedders range between 1,087 sq ft and 1,302 sq ft.
\nSet to be completed in the first half of 2027, the mixed-use development will also feature 12 shops on the ground floor.
\n\u201cA stone\u2019s throw away from the Bedok integrated transportation hub, well-established amenities and reputable schools, Sky Eden@Bedok\u2019s accessible location in a mature estate has proven to be a huge draw for homebuyers,\u201d said Lorraine Shiow, Frasers Property Singapore\u2019s Acting Chief Operating Officer for Residential.
\nMeanwhile, DBS noted that Sky Eden@Bedok and Lentor Modern will \u201ctest the market\u201d with their indicative price of over $2,000 psf and eventually set a new benchmark for projects within the Outside Central Region (OCR), reported The Business Times.
\n\u00a0
\n3) Perfect Ten launches 55 units\u00a0of its second tower<\/p>\n

Perfect Ten \u2013 a freehold luxury project of Cheung Kong Property Development \u2013 launched 55 units at its second 115-unit tower within Bukit Timah on 10 September following strong sales at its first tower, reported The Straits Times.
\nCheung Kong Property Development is a unit of Hong Kong developer CK Asset Holdings.
\nPrices for the 55 units ranged between $2.1 million and $2.5 million for the two-bedders, and from $3.5 million to $4.1 million for the three-bedders.
\nThe 230-unit Perfect Ten registered a total sales volume of $285 million after it sold 83% or 96 out of the 115 units at its first tower during its launch in December 2021.
\nOf the 96 units sold, 46 were three-bedders, of which 44 were sold at about $4.2 million. The project\u2019s two-bedroom units, on the other hand, were sold for about $2.08 million.
\n\u201cMany of our buyers are families with young children. Perfect Ten is one of the most sought-after projects in Singapore due to its many attributes, one of which is its proximity to reputable schools,\u201d said CK Asset Executive Director Justin Chiu.
\nThese include Singapore Chinese Girls\u2019 School and Anglo-Chinese School (Barker Road).
\n\u00a0
\n4) Construction in Braddell View cause nearby buildings to vibrate
\nConstruction works at two major projects in Braddell View \u2013 the North-South Corridor and the new centre of Mount Alvernia Hospital \u2013 have caused distress among residents of Block 10D at Braddell View.
\nResidents complain of vibrations, which \u201cfeel like a mini earthquake\u201d, as well as construction noise.
\n\u201cIt feels like your building is going to collapse anytime. I feel my body moving. Even when I lie down, I can feel it. It does disrupt my sleep and even my work,\u201d 65-year-old resident Madam Christina Fong told CNA.
\nMany residents, however, have expressed resignation about the disruption caused by the construction works to their life.
\n\u201cThe North-South Corridor still has a few more years to go before it\u2019s complete, so I feel like we have no choice. This is a huge project \u2026 so we have to endure. Hopefully, it\u2019ll get better soon,\u201d said a resident who wanted to be known only as Ms He.
\n\u00a0
\n5) Singapore to open first integrated construction park at Jurong Port in December
\nSingapore is set to open its first integrated construction park at Jurong Port in December 2022, bringing together primary supply chain players within the industry in one place, reported CNA.
\nThis will lead to easier collaboration as well as sharing of resources and facilities among such players.
\nMinister for National Development Desmond Lee revealed that the integrated construction park is among the initiatives which form part of a new Industry Transformation Map (ITM).
\nHe noted that having the construction facilities in one place will result in greater efficiencies in producing construction components.
\nThe Building and Construction Authority (BCA) believes that this can also lead to a more efficient as well as greener construction materials supply chain.
\nRaw materials such as sand, cement and granite, for instance, could be transported via conveyor systems instead of lorries.
\n\u00a0
\n6) Sales of million-dollar flats on track to exceed last year\u2019s record<\/p>\n

Despite the drop in demand for resale flats in August, property analysts said the number of HDB resale flats sold for over $1 million in 2022 remains on track to surpass last year\u2019s sales figure, reported Singapore Business Review.
\n\u201cWith a strong employment rate and income growth, there is little impetus for sellers to drop prices now. We may expect more sellers, especially new flats in mature estates to test the million-dollar mark. Hence, we may see more million-dollar transactions in the coming months,\u201d said Christine Sun, OrangeTee & Tie\u2019s Senior Vice President of Research and Analytics.
\nRelated article:\u00a0HDB Estates With Flats Trending Towards 1 Million Dollars: Where Will The Next Estate Be?
\nIn fact, Sze Tech Lee, Research Head at Huttons Asia, expects as many as 350 HDB resale deals with a price tag of $1 million this year. This comes as 33 homes were shifted for at least $1 million in August, even as overall HDB sales fell.
\nOverall, 232 $1 million HDB flats were resold as of August, while at least 11 more flats were resold within the price range in September, said PropNex Realty\u2019s Head of Research and Content Siew Ying Wong.
\n\u201cThis means there are at least 243 \u2018million-dollar\u2019 HDB resale flats so far in 2022 \u2013 looking odds-on to beat the record 259 units resold last year,\u201d added Wong.
\nRelated article:\u00a0Are the Woodlands Million-Dollar HDB Flats Worth Their Hefty Price Tag? We Ask 5 Singaporeans
\n\u00a0
\n7) Orchard Road serviced apartment up for sale for $170mil
\nA freehold serviced apartment building at 18 Mount Elizabeth has been put up for sale via expression of interest (EOI) with a guide price of $170 million, revealed sole marketing agent Edmund Tie & Company.
\nRefurbished in 2017, the property \u2013 which comprises 98 studio units as well as one- and two-bedroom units \u2013 occupies an 18,000 sq ft site that is zoned \u201cResidential\u201d under the 2019 Master Plan. This means the price works out to $1.73 million per unit.
\nIt is centrally located within Orchard Road and is near Orchard, Somerset and Newton MRT stations.
\n\u201cServiced apartments have proven to be a resilient asset class during the COVID pandemic, as it remains a preferred choice for long-stay guests seeking quality accommodation with flexibility of lease,\u201d said Edmund Tie\u2019s Head of Investment Advisory Swee Shou Fern.
\nOffering bigger space compared to hotels, serviced apartments have been \u201cpopular with expats who are relocating to Singapore while they seek a rental home, as well as longer-stay corporate and leisure travellers\u201d, she added.
\nThe EOI exercise for the serviced apartment property closes on 7 October.
\n\u00a0
\n8) Singapore open to fresh proposals on terminated HSR project<\/p>\n

Deputy Prime Minister Lawrence Wong said the city-state is open to fresh proposals on the discontinued Singapore-Kuala Lumpur High-Speed Rail (HSR) project from Malaysia, after noting the latter\u2019s interest to revive discussion on the rail project, reported CNA.
\nWong, who also serves as Singapore\u2019s Finance Minister, made his first official visit to neighbouring Malaysia on 5 September since his appointment as Deputy Prime Minister in June.
\nAimed to slash travel time between Kuala Lumpur and Singapore to around 90 minutes, the HSR project was terminated following multiple postponements at the request of Malaysia and an eventual lapse of an agreement in December 2020.
\nThe termination of the project saw Malaysia paying Singapore over $102 million in compensation.
\n\u00a0
\n9) Seven retail units at Sim Lim Square on sale for $17mil
\nA portfolio of seven retail units at Sim Lim Square has been put up for sale via private treaty carrying a guide price of $17 million, revealed Huttons Asia.
\nWith a strata floor area of about 5,156 sq ft, the portfolio comes with class one entertainment licenses which allow operating hours up to 3am.
\n\u201cThese retail shops are suitable for savvy investors and\/or nightlife business operators who are seeking rental yield or suitable premises to operate,\u201d said James Wong, Head of Sales and Auction at Huttons Asia.
\nHuttons Asia\u2019s Senior Research Director Lee Sze Teck also noted that the portfolio has a rental yield of about 4%.
\n\u201cWith a balance master tenancy of more than five years in place, investors can look forward to a long-term stable rental income after acquiring the property,\u201d he said.
\nHuttons pointed out that the retail units can be acquired collectively as a portfolio or individually.
\n\u00a0
\n10) Prime retail mall earnings to take longer to return to 2019 levels<\/p>\n

Fitch Solutions believes the earnings of prime retail malls will take longer to reach 2019 levels, despite the economic reopening, reported Singapore Business Review.
\nThe analyst attributed this to their reliance on tourists entering the market, with visitors from China remaining slow. These challenges have affected malls owned by Starhill Global Real Estate Investment Trusts (REITs).
\nIts counterparts in retail REITs are expected to see a revival in earnings over the next six to 12 months as foreign visitors and locals go back to their offices.
\n\u201cPrime office properties will benefit from a flight to quality amid the adoption of hybrid working, rising unemployment and weaker investment sentiment as growth slows,\u201d said Fitch, which expects most rated Singapore REITS to be resilient amid a global economic slowdown next year.
\nThis is due to their robust financing flexibility, healthy leverage and limited exposure to utility costs and rising interest rates.
\n\u201cTheir Stable Outlooks reflect our expectations of limited rating changes in the next 12 months,\u201d explained Fitch. It cited industrial and logistic REITs as the most resilient among most rated REITs within the city-state.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email: cheryl@propertyguru.com.sg.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Tampines flats most popular in August 2022 BTO exercise, Sky Eden@Bedok sells 75% of units on launch day and more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tampines flats most popular in August 2022 BTO exercise, Sky Eden@Bedok sells 75% of units...<\/p>\n","protected":false},"author":1,"featured_media":129738,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-129737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/09\/hdb-mnd-mortgage-rental-arrears-relief-1.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xKx","jetpack-related-posts":[{"id":101231,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nov-hdb-bto-launch-which-projects-are-the-most-attractive\/","url_meta":{"origin":129737,"position":0},"title":"Nov HDB BTO launch: Which projects are the most attractive?","date":"November 14, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Plantation Grove in Tengah. Source: HDB The Housing and Development Board (HDB) launched 3,802 Build-To-Order (BTO) flats for sale on Tuesday (13 Nov) under its latest sales exercise. \u201cThe final launch of BTO (flats) for 2018 sums up to a grand total of 15,811 units, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/11\/Nov-2018-BTO-Sales-Exercise.jpg?fit=624%2C316&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":35466,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-room-flats-in-kallang-attract-most-attention\/","url_meta":{"origin":129737,"position":1},"title":"4-room flats in Kallang attract most attention","date":"November 23, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Kallang Residences, a new BTO project located near Kallang MRT station. Source: HDB The 4-room Build-To-Order (BTO) flats in Kallang have emerged as the main attraction in the latest exercise by the Housing and Development Board (HDB), with 271 applications submitted for the 158 units during\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35462,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-10118-flats-in-november-sales-exercise\/","url_meta":{"origin":129737,"position":2},"title":"HDB launches 10,118 flats in November sales exercise","date":"November 23, 2016","format":false,"excerpt":"\r New HDB flats accounted for more than half of the units launched for sale.\u00a0 The Housing and Development Board (HDB) launched 10,118 flats for sale on Tuesday (22 November) in its largest sales exercise in 2016. Build-To-Order (BTO) flats accounted for more than half of the units launched for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4089-flats-in-september-sales-exercise\/","url_meta":{"origin":129737,"position":3},"title":"HDB launches 4,089 flats in September sales exercise","date":"September 12, 2019","format":false,"excerpt":"\r A total of 3,373 Build-To-Order (BTO) flats were launched in Punggol and Tampines, which were spread across three projects \u2013 Punggol Point Crown, Punggol Point Cove and Tampines GreenGlen. The Housing Board launched 4,089 flats for sale on Wednesday (11 September), just a day after National Development Minister Lawrence\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-flats-in-hdbs-latest-bto-exercise-oversubscribed\/","url_meta":{"origin":129737,"position":4},"title":"All flats in HDB\u2019s latest BTO exercise oversubscribed","date":"August 14, 2020","format":false,"excerpt":"\r HDB has received a total of 17,947 applications a day after launch.\u00a0 The 7,862 new flats launched by the Housing and Development Board (HDB) on Wednesday (12 August) received robust interest from buyers, with all flats types being oversubscribed. 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