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Martin Place Residences’ resale prices continue to soften

In District 9 alone, there were 22 transactions held from June 12 to 21. Apart from the new OUE Twin Peaks, Martin Place Residences that was officially completed last 2011 also saw a heightened activity.

This residence is located at Martin Place in River Valley Road. Recent series of resale didn’t come as a surprise to some real estate agents marketing units of this property. They attribute it to a site next door which URA had launched for sale last April.

According to an anonymous agent, some of the owners of this residence do not relish living next to a construction site for the next three to five years.

The tender of that site has closed last June 28 and has attracted 13 bids. The highest bid came from the GuocoLand.

There weren’t also new launches within the vicinity. The only residential place in the vicinity is the Martin Place Residences that was fully sold five years ago. Some of the units sold recently in resale are three 3-bedroom units; one is 1,722 sq ft for $3.42 million ($3.44 million before), a 1,421 sq ft for $2.92 million ($3 million before), and a 1,421 sq ft for $2.925 million ($2.11 million before). This translates into a capital upside of 28.4% for over the past 7 years.

Bugis Village Singapore

The first resale transaction in a new residence at Bugis was sold at a loss

Last April 7, 2015, A URA’s (Urban Redevelopment Authority) caveat data was released and it is said that a 1,432 square feet at DUO Residences was sold in a secondary market at a loss of 534,050 dollars in March. It was first resale transaction for this beautiful project of M+S Pte Ltd.

The unit was said first bought on December 10 in the year 2013 of its previous owner at 2,934,050 dollars or 2,049 dollars per square foot and was slightly resold over a year March 18 last year at 2.4 million dollars or 2,049 dollars per square foot.

This is M+S Pte Ltd’s first project that is expected to be completed on 2017. This is a joint venture between Malaysia’s Khazanah Nasional and Singapore’s Temasek Holdings.

The initial launch of this development was a success from its developers as it sold for about 87 percent of its released units. It was reported February last year that it has already sold 94% of its total units including all of its studio and 1-bedroom apartments.

More ‘fire sales’ will be expected from overstretched home owners with the rising interest rates. Larger apartment units are likely to get affected with the tightening of loan policies as seen from abortive transaction as the amount of property price has become limiting factor.

Out of 11,325 transactions, 86.6% that were recorded in 2014 were 1.5 million dollars and below.

City Plaza Singapore

The City Plaza in Paya Lebar is active on Sundays

City Plaza also comes alive in Sundays. It is not impossible to find locals and foreigners having a picnic at a nearby field and sit under the trees of sightseeing beyond Geylang River.

While Park Place Residences has become the largest urban mixed development in the region, this 33 years old mall is also known as Singapore’s largest urban fashion wholesale center with over a dozens of retails and eateries inside.

City Plaza in Paya Lebar has become a famous gathering spot for maids most from Indonesia and Bangladesh, in the last decade.

According to Ms. Yuli, that the population of the foreigners here on Sundays has been quite increasing in the recent years and that It could be the result of more foreigners working here.

Since the beginning of 2015, new maids have been given a day off every week or a day’s wages in lieu.

According to a construction worker who was the at the mall at that time on Sunday with his friends and his Indonesian girlfriend that most people with Indonesian girlfriends go here while most with Filipino girlfriends go to the Lucky Plaza in Orchard.

The owner of the Lucky Fine Unisex Saloon, Ms. Candy Sim, has been working in the mall for 20 years. She stated that they were simply there to have fun and eat, and most of them are women. She even expected more foreigners to visit the place and she was only concerned if some of them got drunk.

An Indonesian maid also stated while in the picnic that it was nice that they were able to meet her friends here while they have fun and that she visits the place at least once a month with her friend, Tumiem. She also added that it was nice to come out here and it’s like having a fresh outlook from all the work she’s been through plus there’s cheap food and it’s like their kampong.

Marina Bay Financial District

The Convenient Connection of Marina Bay MRT Station

The Marina Bay MRT Station (NS27/CE2/TE20) is located in the Downtown Core at 23 Park Street, Singapore. It’s an underground Mass Rapit Transit station that consists of 4 tracks and 2 platform levels until the Thomson East-Coastline is fully built in 2021. It is a southern terminal of North South Line. This was first opened last November 4 of 1989 for North South Line and January 14 of 2012 for the Circle Line. It is currently operated by the SMRT Trains or the SMRT Corporation. It is beautifully designed with modern style by Aedas, an international architectural firm.

It was called before as Telok Ayer Basin and Marina South station.

This station has also a connection of bus services for a nearby traveling to some other parts of the city and also comes up with a bicycle facility.

The station is well ready for an encounter from danger as the Marina Bay MRT station participated is the Exercise Northstar V, an exercise where Singapore where they prevent terrorism to minimize damage attacks from terrorists. It involves medical readiness, security changes in border and infrastructure, internal security, and psychological preparedness.

With its obvious name of the station, most of the tourists mistakenly drop off here instead of the Bayfront station to get to Marina Bay Sands where the new launch condo Marina One Residences is located as well as other Orchard condo for sale nearby Orchard Road.

School of Paintball

There is a School of Paintball in Singapore

SOP or the School of Paintball is one of the great recreational amenities in Singapore where you could enjoy paintball with your friends and learn at the same time. This place could also be enjoyed not only adults, but also the teens and kids as it also offers different types of activities that can be played by everyone. SOP is currently situated at Jurong West at 600 West Coast Road Singapore that is only beside the upcoming Parc Riviera condominium as well as other Orchard condo.

The paintball activity package will start at the price of S$15, that is definitely worth the price as it comes with a 50 paintballs, a 30-minute game play, game field, protective vest, safety mask, mechanical marker, and a minimum of 6 players, up to the price of S$55 with 500 paintballs and a 3-hour game play. The pain you’ll get won’t certainly last long from the fun you had with your friends.

They also offer different types of games that will suite everyone which they call “specials”. This includes an exclusive “night only” game of paintball that consist of 200 paintballs and an hour and 30-minute game play which they call Night Shade. The other activities that you should try in “specials” are Be The Arrow an Archery Tag, Never Get Hit a Dodge Ball, and lastly the Bubble Soccer game called Bounce For the Ball.

A definitely worth the fun activities you’ll ever have.

Great World City

Great World City by GWC Commercial Pte Ltd

Great World City is situated between Zion Roads and Kim Seng at 1 Kim Seng Promenade in Singapore. It is a mixed development that consists of 18-storey office building, a 35-storey of apartment building, and where most of the people consistently go to, the 6-storey shopping mall. This development is owned by the GWC Commercial Pte Ltd and is currently managed by the owner of GWC Commercial Pte Ltd, the Allgreen Properties Ltd.

The mall comprises 146 stores and services with 7 anchor tenants. It has a total of 555,514 square feet of retail floor area that is full of entertainment and convenience to its customers. Products and services offered include gifts for your love ones, school supplies, fashion wears, electronics, furniture, furnishings, banking, beauty, laundry, arcades and many more.

The mall will also come up with a public transit station, the Great World, which is expected to open in 2021 for its customers’ easier access to the mall itself. For the people who live in the GWC apartment building or somewhere nearby the mall such as The Tiara condominium or in the upcoming Orchard Property, the OUE Twin Peaks, will surely have the greatest convenience they will get as they are only a minute drive away from the mall.

NEX Shopping Centre

The Famous Suburban Shopping Mall, NEX

A famous suburban shopping mall that is situated in 23 Serangoon Central within the North-East Region of Singapore is called NEX or the Northeast Exchange. It has a total of 7 floors with a total retail area of 600,000 square feet which holds 340 stores and services. It is currently managed by its owner, the Mercatus Ltd and was built by the reputable construction firm, Low Keng Huat and designed by the SAA Architects.

It also has a 19 anchor tenants such as the Cold Storage, the Challenger, Food Republic, Isetan, Uniqlo, H&M, Din Tai Fung, Party World KTV, Anytime Fitness, Virtualand, Pet Safari, Popular Holdings, Shaw Theatres, Shokutso 10, Kiddy Palace and the Serangoon Public Library.

It was built just above the Serangoon MRT Station which makes it easier for the people to access different parts of the city. It is also comes with an integrated bus interchange that is air-condition for the comfort it provides for the commuters.

The mall is considered as the largest shopping center in the North East of Singapore and largest suburban mall in the country and was officially opened last November 25 in the 2010.

The residents who live within the vicinity of the mall or lives in a condominium, such as the new Forest Woods condominium or the Cherry Hill, will certainly have a great convenience the mall provides as it is only a minute drive away from their humble home to meet up and hang out with their friends. There are also Orchard Property available nearby for those who loves being nearby this place.

Orchard Road

The Orchard Road in Singapore

Orchard Road is also known as “Tanglin Market Street” (Tang Leng Pa Sat Koi) and Vaira Kimadam to Chinese and Tamil Singaporeans respectively. It is a famous 2.2 kilometer boulevard in Singapore that is surrounded by plenty of known shopping centers, recreational, entertainment hub. It is considerably as a major tourist attraction in Singapore from its number of recreational amenities and shopping centers surrounding the road.

Some of the famous shopping centers and recreational amenities that a lot of people especially tourists already enjoyed here are ION Orchard, Ngee Ann City, Lucky Plaza, Wisma Atria, Plaza Singapura, Far East Plaza, Orchard Central, Orchard Getaway, Orchard Point, Orchard Towers, Wheelock Place, TANGS, T Galleria, The Heeren, Liat Towers, The Centrepoint, Forum, Palais Renaissance, Mandarin Gallery, The Paragon, and a lot more to choose from.

And for those people who live nearby the Orchard Road like the new Cairnhill Nine, Urban Suites, and the CitySquare Residences already has a great and full convenience as they aren’t far from the number of shopping centers surrounding the Orchard Road. There are Orchard condo for sale as well and a lot of units are still available for those who are interested.

If you’re already planning for a vacation here in Singapore, don’t forget to write this place to visit on your bucket list for you to experience one of the greatest here in this country.

Keep visiting us in this website for the latest updates about the famous boulevard in Singapore.