{"id":55357,"date":"2017-05-19T11:22:29","date_gmt":"2017-05-19T04:22:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-to-launch-star-buy-units-at-victoria-park-villas-from-3-85m\/"},"modified":"2017-05-19T11:32:11","modified_gmt":"2017-05-19T04:32:11","slug":"capitaland-to-launch-star-buy-units-at-victoria-park-villas-from-3-85m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-to-launch-star-buy-units-at-victoria-park-villas-from-3-85m\/","title":{"rendered":"CapitaLand to launch \u2018star buy\u2019 units at Victoria Park Villas from $3.85m"},"content":{"rendered":"


\nView of one of the semi-detached garden villas at Victoria Park Villas. (Photo: CapitaLand)
\nThe showflat of Victoria Park Villas, a luxury landed housing project in District 10, is reopening this weekend amid more positive market sentiment.
\nHome builder CapitaLand is launching 31 semi-detached units, also known as garden villas, on Saturday (20 May). The floor areas of the homes which face Coronation Road range from 4,176 sq ft to 4,327 sq ft, and are priced from $3.85 million to $4.5 million.
\n\u201cThese are \u2018star buy\u2019 units offered at promotional pricing,\u201d a CapitaLand spokesperson told PropertyGuru.
\nIn comparison, a smaller garden villa measuring 4,166 sq ft had a higher price tag of $4.4 million when the project was officially launched in September last year.
\nMore than 90 percent of the 109-unit project comprises garden villas. There are also six semi-detached pool villas and three bungalows available. The 99-year leasehold property is expected to be completed by the end of 2018.
\n\u201cWe have seen healthy viewings at Victoria Park Villas and have sold 21 out of the 30 launched semi-detached units to date,\u201d said the spokesperson.
\nThis is the first prime landed residential Government Land Sales site in districts 9, 10 and 11 to be awarded since 1996. It is also the first landed housing project to offer smart home features that allow home buyers to remotely control the lighting, air-conditioners and security system via their mobile device, the spokesperson added.
\nCommenting, R\u2019ST Research Director Ong Kah Seng said it isn\u2019t surprising that previously launched projects are now reopening their showflats.
\n\u201cMuch resources have gone into building them to offer a comprehensive and impressive reference for buyers, and the recent home buying sentiment supports and encourages the reopening of showflats,\u201d noted Ong.
\nHe shared that many buyers of landed homes have been sitting on the sidelines in recent years as market sentiment was \u201cespecially dispiriting\u201d, leading to pent-up demand.
\nHowever, as buying interest is highly dependent on attractive pricing, Ong believes any improvement in sales activity is unlikely to support a significant increase in prices of landed homes.
\n\u201cGoing into 2018, prices of landed homes could increase by up to three percent, with centrally located homes leading or even exceeding the average expected price increase,\u201d he said.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CapitaLand to launch \u2018star buy\u2019 units at Victoria Park Villas from .85m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of one of the semi-detached garden villas at Victoria Park Villas. (Photo: CapitaLand) The...<\/p>\n","protected":false},"author":1,"featured_media":0,"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-55357","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-eoR","jetpack-related-posts":[{"id":24687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-launches-victoria-park-villas-at-lower-prices\/","url_meta":{"origin":55357,"position":0},"title":"CapitaLand launches Victoria Park Villas at lower prices","date":"September 2, 2016","format":false,"excerpt":"\r Victoria Park Villas comprises 109 luxury landed homes in the Bukit Timah area. Source: CapitaLand Despite softer market conditions, property developer CapitaLand will officially launch Victoria Park Villas tomorrow. The 99-year leasehold project in District 10 comprises a cluster of 109 luxury landed homes perched on elevated land next\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62675,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-q2-profit-soars-97-amid-revaluation-gains-divestments\/","url_meta":{"origin":55357,"position":1},"title":"CapitaLand Q2 profit soars 97% amid revaluation gains, divestments","date":"August 3, 2017","format":false,"excerpt":"\r Victoria Park Villas is one of the development projects that contributed to its Q2 revenue. (Photo: Christopher Chitty) CapitaLand saw its net profit surge 97 percent to S$579.3 million in Q2 2017, thanks to higher revaluation gains and divestments. 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