In a recent article, I compared the entry price and resale price of the upcoming Senja Residences EC with that of the Upcoming Senja Close EC in Bukit Panjang. I also looked at the locations and cost of the ECs, and what to expect from them. I found that the pricing for the Senja Residences EC is more affordable than the Upcoming Senja Close EC, and that the rents are expected to compete with other mixed developments nearby.
According to PropertyGuru’s latest Singapore property market report, resale prices of Eco-Condos could increase by over 10 percent by the end of 2022. Compared to new launches, resale condos offer many advantages for investors and first-time homebuyers alike. Unlike new condo launches, buyers can inspect and choose the unit that best suits their needs. They can also consider factors such as noise levels and sunlight.
The residential market in Singapore is heating up, with the demand outstripping supply. According to research from OCBC, new home sales reached a record high in November, fueled by a shortage of new launches. This year, sales volume hit a record high of nearly twelve thousand units – a 42 percent increase over last year. Moreover, new homes were in higher demand compared to last year, which could lead to steeper resale prices next year.
The number of resale units increased by 2.4 percent in November, compared to the same period last year. The total number of resale units is 21.8 percent higher than the five-year average, with more sales in outer suburbs. However, the RCR’s share of resale transactions was just twenty percent of the total. Meanwhile, CCR resale prices increased by more than two percent.
The median price of these units ranged from one to eight percent below the average listing price. As a result, they are generally well-rounded with few major outliers. The resale prices of Eco-Condos in Singapore have been rising. While the median price remained at around S$1,450 per square foot, there have been at least six rounds of price increases, ranging from S$1,490 to $2,400.
The government is increasing land supply in the second half of 2021. Estimated launch dates are September and December for the Dairy Farm site and EC site. Additionally, six residential sites are on the reserve list and can trigger if developer interest is sufficiently high. If the market isn’t stable in the second half of 2021, it may be time to consider selling your Eco-Condo.
ECO is a new green condominium development in the district of Bedok, located right beside the Tanah Merah MRT interchange. It is a 10-storey building, and has a range of unit types, including studio, one, two, and three-bedroom units. These units are perfect for families, working professionals, and couples alike. The units are priced between S$743,000 and S$1,850,000, and their rental rates vary accordingly.
It is also in the vicinity of a number of other major attractions. The vicinity of the development is also accessible to many of Singapore’s landmarks, including the Marina@Keppel Bay and the HortPark. Hiking trails such as the Southern Ridges are also available. There are also many public parks in and around the region. The proximity of the development to major landmarks in the city makes it a desirable choice for those who live and work in the area.
While there are several examples of sustainable eco-condos in Singapore, many others do not have as much emphasis on the location. For example, the Edgefield Plains Terraces in Waterfront town, located on the northern bank, is an ideal location for those who want to live near the waterfront. It has a rainwater harvesting system and dedicated bicycle stands. Furthermore, it promotes Car-Free Sunday. In the Alexandra district, the Dawson Estate has many eco-conscious technologies, including solar panels and rainwater collection. One of its towers, SkyTerrace @ Dawson, has a garden on the rooftop.
eCO Condominium is located in Bedok, Singapore. The area is easily accessible via a MRT station near Tanah Merah Avenue. The condominium is also close to the Bedok Reservoir and Tanah Merah MRT Pickup Point. Alternatively, you can take a taxi or bus to eCO Condominium via Xilin Avenue and Upper Changi Road East.
The cost of Eco-Condos in Singapore depends on how much you want to spend on your new home. In general, eco-living will cost you less in the long run than conventional living. A typical eco-living condo is the Tree House, which is located in Bukit Panjang. In 2010, it won the BCA Green Mark Platinum Award. It is a newer development that is designed to be environmentally friendly and energy-efficient.
Its design is eco-friendly, and it comes with built-in appliances and intelligent interior designs. For example, bathrooms will have enough space for wheelchairs, and there are four swimming pools and an indoor gym. You can also enjoy BBQ pits at the communal areas. The cost of Eco-Condos in Singapore starts at 108,000 SGD for a two-bedroom unit. The development is expected to be finished by 2023.
Eco-Condos in Singapore are relatively affordable compared to other types of apartments. Two-bedroom units at Urban Vista cost $1,400 psf, which is still significantly cheaper than the typical two-bedroom unit in a standard Singapore development. However, there are some downsides to owning an Eco-Condo in Singapore. The price of the first phase is likely to be higher than for the later phases.
The prices of Eco-Condos in Singapore are still high compared to traditional properties. The prices in the prime districts of Singapore were hit hard by a bigger bubble than those in the rest of the country. However, this bubble burst, and a more reasonable price is possible now. Despite the relatively higher price, Eco-Condos in Singapore offer a great value for the money. In addition, it is one of the most eco-friendly developments in the city.
Located in Bedok, eCO Condominium is a modern and environmentally friendly condominium. It is close to Tanah Merah MRT station and is within walking distance of Blocks 50 and 171. From here, you can easily access the Changi shopping district and other areas of the city. Alternatively, you can take the East Coast Parkway to the Changi MRT station. From here, you can also reach Upper Changi Road East and Bedok Reservoir.
Senja Residences EC is the latest Executive Condominium development in Bukit Panjang. The development is a joint venture between Qingjian Realty, Suntec Property Ventures and Bohai Investments (Sengkang). It is located near Bukit Panjang MRT station, Jurong East LRT interchange, Junction 10 shopping mall, and numerous educational and recreational institutions. The development is also close to many prestigious country clubs.
The Upcoming Senja Close EC is located near the Tengah Plantation and Bukit Panjang MRT stations. The development is close to the future Integrated Transport Hub, the Tampines North Cross Island Line and several educational institutions. It offers a convenient location for both young and old Singaporeans. In addition, it is close to the Bedok Reservoir and Temasek Polytechnic.
Compared to the Upcoming Senja Close EC, the Senja Residences EC is more convenient. It is located near the Pan Island Expressway and is well-connected to public transportation. The project is near several shopping malls and educational institutions, and has an enhanced security system. However, the development is far more expensive than the Senja Close, making it less suitable for long-term residence.
When compared to the Upcoming Senja Close EC at Buket Panjang, the former is the better option. The Senja Residences EC offers more amenities and is more affordable than the Upcoming Senja Close EC. It has a larger land area and a higher GFA. The Senja Close is situated in a popular area with amenities such as the Phoenix Residences.
If you want a quiet environment, Lentor Modern Condo in Yio Chu Kang, Singapore offers spacious units and a convenient location. Near the Lentor MRT station, the development has ample amenities. It is near Ang-Kio Hub, a large suburban shopping mall that offers supermarkets and restaurants. The development is scheduled for completion in December 2020. It is a good choice for working professionals or commuters.
Reserve Residences Jalan Anak BuKit, an integrated development in Bukit Panjang, is located near the nearby Bukit Timah Nature Park, which is ideal for families with kids. Its towers also give you a panoramic view of the park. The project is part of the Far East Organization, the developer behind the FEC Retail and FE Residences Trustee. The Reserve Residences has an Integrated Transport Hub and is near a beauty spa.