A Good Time To Buy Property Now?

Affinity At Serangoon condo is a brand-new apartment advancement along Serangoon North Avenue 1 by Oxley Holdings, featuring 1012 Homes, 40 Systems of Strata Landed House along with 5 units of Commercial shops.

Affinity Serangoon Condo is the previous Serangoon Ville, a privatised HUDC estate that was offered to an Oxley-led Consortium through cumulative sale. The joint venture company, Oxley Serangoon, consists of strong partners, including 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 Opportunity launched under Government Land Sales.

The estimated 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 planning to have kids, or already with children, Affinity At Serangoon Singapore is sited in close distance to numerous well-known schools like Rosyth Main School (within 1km), Zhonghua Primary 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 Main School, Yangzheng Primary School.

Surrounding Affinity At Serangoon location includes a range of shopping malls, such as NEX Shopping Centre, Hougang 1 Shopping Center, Hougang Green Shopping Center, Heartland Shopping Center, Midtown and Seletar Shopping mall, which uses plenty of entertainment, shopping and dining alternatives to the residents.

Affinity At Serangoon layout makes up of 7 blocks that are 14-storey high with a total of 1,012 units, and 2 blocks of 3 Floor strata-landed houses with basement and 1 block of 2 Storey strata-landed with basement, a total of 40 strata-landed homes. There are also 5 commercial stores on the first floor to deal with the local’s requirements. The condominium system mix ranges from 1 bedroom to 4 bed room systems and 5 bed room systems are the strata landed real estate. Affinity At Serangoon floor plan is wonderful, and you can hardly discover any brand-new launch that has a efficient and nice design like Affinity Serangoon layout can offer.

With the lack of government land sale, designers continued its pursuits of cumulative sales in order to renew their land bank, and with that, we see persistently high purchase rate being paid to the owners for en bloc advancement. The scenario of high cumulative rate continues until the government brought out a cooling procedure on Fifth July 2018 that increases the Extra Purchaser’s Stamp Duty in worry that the home market will spiral out of control and crash. The Additional Purchaser’s Stamp Responsibility was increased by 5% across the board and developers were struck hard, needing to pay 30% ABSD upfront for collective sale, and if they are not able to offer off the task in 5 years time, 25% of the ABSD will not be reimbursed. This affects sites with large land size as designers may not be positive to sell all the systems within 5 years, offered that ABSD for specific buyers has likewise been increased, thus moistening sales. We must be seeing a stabilised residential or commercial property cost, and will be anticipating a sluggish however consistent growth with this cooling procedure in hand.


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