TENET EC SHOWFLAT VIEWING AT TAMPINES NORTH. Contact us for Tenet EC showflat .
Official Developer Sales Team By Qingjian Realty. Limited Unblocked Views Still Available. Official Developer Sales Team with Discounts. High Potential Upside with Low Entry Price.Tenders for both 99-year leasehold plots – a Tampines executive condominium (EC) parcel and one in Lentor Central – closed last night with nine bids lodged for each, as developers rushed to replenish land banks as unsold private housing inventory nears a four-year low of 16,929 units.They were both on the confirmed list sites under the first-half 2021 GLS programme. This means they were launched according to schedule regardless of demand. Together, they can yield about 1,195 residential units.The top bid for the EC plot in Tampines Street 62 was lodged by a joint venture between Qingjian Realty and Santarli Construction at $422 million, or $659 per sq ft per plot ratio (psf ppr). Their bid was just 1.4 per cent above the second-placed one of $416.3 million.The $422 million bid is the highest land rate to be paid for an EC site in the history of this type of housing, said Mr Nicholas Mak, head of research and consultancy at ERA Singapore.It broke the previous record land rate of $603 psf ppr for an EC site in Tengah Garden Walk, the last GLS EC land tender that closed just before this tender, he added.Analysts noted that six of the nine bids for the Tampines plot, which is expected to yield 590 units, were above the $603 psf ppr land rate for the Tengah Garden Walk site.”The developer would have to launch the future Tampines EC project at above $1,250 psf. The current median transacted prices for new EC units in the second quarter this year is $1,154 psf,” Mr Mak said.Mr Ong Teck Hui, senior director of research and consultancy at JLL, said a strong selling point is the site’s proximity to the upcoming Tampines North MRT station and amenities in Tampines town.Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said prices for new ECs are inching closer to $1,200 psf this year.”Piermont Grand was sold at a median price of $1,151 psf, and Parc Central Residences at $1,173 psf. Therefore, a median selling price of above $1,200 psf for new ECs could be breached when (the Tampines) plot is launched,” she said.
0 Comments
TENET EC SHOWFLAT VIEWING AT TAMPINES NORTH. Contact us for Tenet EC showflat .
Official Developer Sales Team By Qingjian Realty. Limited Unblocked Views Still Available. Official Developer Sales Team with Discounts. High Potential Upside with Low Entry Price.Tenders for both 99-year leasehold plots – a Tampines executive condominium (EC) parcel and one in Lentor Central – closed last night with nine bids lodged for each, as developers rushed to replenish land banks as unsold private housing inventory nears a four-year low of 16,929 units.They were both on the confirmed list sites under the first-half 2021 GLS programme. This means they were launched according to schedule regardless of demand. Together, they can yield about 1,195 residential units.The top bid for the EC plot in Tampines Street 62 was lodged by a joint venture between Qingjian Realty and Santarli Construction at $422 million, or $659 per sq ft per plot ratio (psf ppr). Their bid was just 1.4 per cent above the second-placed one of $416.3 million.The $422 million bid is the highest land rate to be paid for an EC site in the history of this type of housing, said Mr Nicholas Mak, head of research and consultancy at ERA Singapore.It broke the previous record land rate of $603 psf ppr for an EC site in Tengah Garden Walk, the last GLS EC land tender that closed just before this tender, he added.Analysts noted that six of the nine bids for the Tampines plot, which is expected to yield 590 units, were above the $603 psf ppr land rate for the Tengah Garden Walk site.”The developer would have to launch the future Tampines EC project at above $1,250 psf. The current median transacted prices for new EC units in the second quarter this year is $1,154 psf,” Mr Mak said.Mr Ong Teck Hui, senior director of research and consultancy at JLL, said a strong selling point is the site’s proximity to the upcoming Tampines North MRT station and amenities in Tampines town.Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said prices for new ECs are inching closer to $1,200 psf this year.”Piermont Grand was sold at a median price of $1,151 psf, and Parc Central Residences at $1,173 psf. Therefore, a median selling price of above $1,200 psf for new ECs could be breached when (the Tampines) plot is launched,” she said. As someone who lives down south of Metro Manila (think 1.5 hours stuck in the van or car when traffic is bad, and 3 hours when it's just horrible), I've often found myself thinking of renting out a condominium unit in Makati, since the biggest and probably busiest business district in Manila today is Makati (although Bonifacio Global City is giving Makati a run for its money).
Often, to get to a decision I would write down the pros and cons of making such a move, so before I do jump the bandwagon and live out on my own, let's list down the WHYs and WHY Nots of such decision shall we? Why Not? Because living alone in a big city is scary. And you've never tried living alone Counter: but this will teach me independence which in the long run will build character. Why Not? May be expensive - especially with the rental rate of most condominium units in Makati Counter: renting out is not an option really, it's better to buy or rent to own - and there are a lot of condominium units and/or real estate properties in Makati allowing such terms. Why Not? Because you'd be living alone and security cannot always be relied upon Counter: but Ayala Land, one of the biggest developers in the Philippines, promises and follows through on its promise of safe & secure living in its abodes. Should you ever doubt that? Hmm, don't think so. Now, let's go to the WHYs... Why? Because living in Makati will make it easier for you to go to work, especially if you work in Makati. In fact, even if you do work somewhere up north, you'll always be opposite the traffic rush during the morning. Most people go to Makati - while you, if you work in Ortigas, will have an easier time since you'll be going out of the city. Also, remember, it takes you a while to get up in the morning, and since you're not a morning person, living in Makati will give you more time to spend on yourself. Maybe now you can eat breakfast. Maybe now you won't always be late for work! Why? Because investing NOW is better than later. You won't be asking or scolding yourself why you didn't invest now. What to invest in? How about a condominium unit? If you don't want to live anymore in Makati you can always sell it or rent it out. Why? Proximity to most cities in the Metro. You are just a 15-30 minutes away from other business districts. And night spots. And malls. And what girl doesn't love to go to the mall (whether it's for buying or just window shopping). The metropolis is your oyster and it's just a few steps away from your condominium! I know there are various reasons to buy and not to buy a condominium unit in Makati. In fact, I can think of a few more but the ones above are the most salient points. If I do buy, perhaps I fancy myself a nice 1 bedroom unit in Park Terraces - it's set to launch this 2010 and has one of the most strategic locations in the city of Makati. And since it's from Ayala Land, should I even worry about buying from them? Not even remotely! |
AuthorGoogle site Parc Central EC ArchivesCategories |