June 2014

105 338

105
ON THE MARKET
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June14
Hot Properties
DEBORAH LAW
Executive Director,
Expat Realtor
Although the first quarter of 2014 saw an
increase in sales due to popular launches,
prices have gradually been dropping. Some
new developments have re-launched at
reduced rates (Sky Habitat at Bishan by
as much as 15 percent), and more resale
properties have sold below valuation.
In the next six months, high-end condos
coming onto the market include New Futura
on Leonie Hill Road, Robin Residences on
Robin Road, Gramercy Park on Grange Road
and Pollen and Bleu on Farrer Drive. Highline
Residences and The Crest will add to the city’s
fringe, and the Commonwealth Towers (CDL)
launched in May to much interest.
Despite this, it can still be a frustrating search
for resale buyers if the seller’s next purchase needs
to cover the restrictive TDSR (Total Debt Servicing
Ratio) and ABSD (Additional Buyers Stamp Duty).
With sales volumes remaining low, one hears
the market is “tepid”, “cool” or “mild”, but as one
industry pundit recently put it, to much laughter,
“Cooling measures? It’s positively freezing.”
The good news is that Singapore’s stability,
strong economy, small land area and growing
population keeps it popular with investors who
are watchfully waiting for prices to further correct.
Predictions include an increase in smaller
and more affordable units; larger, high-end units
struggling; and sales volumes in 2014 being as
much as 30 percent lower than 2013 while rents
continue to fall.
Entertainers’ delight! Currently owner-occupied, this penthouse unit with a beautiful roof
terrace has been carefully and lovingly renovated, with 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 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 Beach for outdoor fun and exercise.
Katong Kool
S$7.2K RENT
District: 15
Size: 2,000 sq. ft (approx.)
Bedrooms: 3
Type: Condo