July 2014

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113
ON THE MARKET
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Email us at call 6255 1027 for more information.
July14
Hot Properties
DEBORAH LAW
Executive Director,
Expat Realtor
Investors believe that if the present market
sentiment persists then a good time to
re-enter the currently overpriced Singapore
market may be in 12 to 18 months’ time. In
the meantime, Singapore-based property
investors are flooding into Europe – they’re
currently the top buyers in Dublin, second in
Paris, third in London, not to mention Australia
– and overseas developers are responding
and opening up shops here at a great rate.
Local developers with slow take-up on
their new projects have started to discount
from around 10 to 14 percent, with those
most affected advised to offer as much as 20
percent to get their stock moving. Offers of
free appliances and other initiatives don’t hold
the same power in a market where price per
square foot and the absolute price quantum
are what matters. Other strategies being taken
on by developers include re-building show flats,
offering different materials, linking in with more
sales agencies and offering higher commissions.
Within the expat residential rental market,
July will see a spike in activity for the August
commencement of the school year, both with
newcomers and people relocating within
Singapore as their leases come up for renewal.
If you’re one of the many needing to reduce
your rental, the current tenants’ market suits
you well. Landlords usually prefer to look after
their sitting tenants rather than look for a new
tenant, so speak to your current landlord first
before searching elsewhere.
For free advice on comparative market
pricing and what you can get within your budget
in this current market, call me on 9171 3392.
Entertainers’ delight! Currently owner-occupied, this
penthouse unit with a beautiful roof terrace has been
carefully and lovingly renovated. It has high-ceiling
windows creating a modern, bright feel. There are three
good-sized bedrooms, an open lounge-dining area and
a separate kitchen.
The boutique-style low-rise condo offers handy facilities
in a kid-friendly atmosphere, including a water playground,
resort pools and a gym. Shopping malls 112 Katong
and Parkway Parade are nearby, while Eunos MRT is 15
minutes away. Close to international schools and to East
Coast Park for outdoor fun and exercise.
Katong Kool
S$7.2K RENT
Size: approx. 2,000 sq. ft
Bedrooms: 3
Type: Condo
District: 15