Why Buy Affinity At Serangoon
Affinity At Serangoon condo is a brand-new condominium development along Serangoon North Opportunity 1 by Oxley Holdings, featuring 1012 Homes, 40 Systems of Strata Landed Home as well as 5 systems of Commercial stores.
Affinity Serangoon Condo is the previous Serangoon Ville, a privatised HUDC estate that was sold to an Oxley-led Consortium through cumulative sale. The joint venture company, Oxley Serangoon, makes up strong partners, consisting of Oxley Holdings, Lian Beng Group, Apricot Capital and entities of KSH Holdings and Heeton Holdings.
The purchase rate for Serangoon Ville at S$ 499 million works out to a land rate of close to S$ 835 per square foot per plot ratio (psf ppr), and this is lower than that of The Garden Houses at S$ 965 psf ppr, which is positioned on the next plot of land at Serangoon North Avenue launched under Federal government Land Sales.
The approximated break-even price of Affinity Serangoon Singapore has to do with S$ 1,300 and for that reason Affinity At Serangoon Price is costing an average of S$ 1,500 psf in the market now.
For families who are preparing to have children, or currently with kids, Affinity At Serangoon Singapore is sited in close distance to many famous schools like Rosyth Main School (within 1km), Zhonghua Main School (within 1km), CHIJ Our Girl Of Good Counsel, Hougang Main School, Monfort Junior School, Yio Chu Kang Primary School, Nanyang Junior College and Saint Andrew Junior School, Xinhua Main School, Xinmin Primary School, Yangzheng Primary School.
Surrounding Affinity Serangoon location consists of a range of shopping malls, such as NEX Shopping Center, Hougang 1 Shopping Mall, Hougang Green Shopping Mall, Heartland Shopping Center, Midtown and Seletar Shopping mall, which offers a lot of entertainment, dining and shopping options to the residents.
Affinity At Serangoon floor plan makes up of 7 blocks that are 14-storey high with a total of 1,012 units, and 2 blocks of 3 Storey strata-landed homes with basement and 1 block of 2 Floor strata-landed with basement, a total of 40 strata-landed homes. Affinity At Serangoon floor plan is wonderful, and you can barely find any brand-new launch that has a effective and good design like Affinity Serangoon floor plan can provide.
With the absence of federal government land sale, designers continued its pursuits of collective sales in order to renew their land bank, and with that, we see persistently high purchase price being paid to the owners for en bloc advancement. The scenario of high cumulative price continues up until the government came out with a cooling procedure on Fifth July 2018 that increases the Extra Purchaser’s Stamp Responsibility in fear that the home market will spiral out of control and crash. The Extra Purchaser’s Stamp Responsibility was increased by 5% across the board and designers were hit hard, having to pay 30% ABSD upfront for cumulative sale, and if they are unable to sell off the project in 5 years time, 25% of the ABSD will not be reimbursed. This affects websites with big land size as developers might not be positive to sell all the units within 5 years, considered that ABSD for individual buyers has also been increased, therefore moistening sales. We need to be seeing a stabilised property rate, and will be anticipating a sluggish however consistent growth with this cooling step in hand.