New Condos in Tampines – Ever since the cooling measures (TDSR and ASBD) was introduced back in 2013, Singapore property prices has been on the decline. Till recently, based on the statistics from URA, private residential homes prices rose 0.7 percent back to back in Q3 and Q4 2017. For the whole of 2017, prices appreciated 1.1 per cent, in contrast to the 3.1 per cent decline in 2016.
2018 is looking like the year that the Singapore property market’s long-awaited turnaround finally gains traction. Property analysts are forecasting a 8-10% increase in the property prices in 2018 given the pent-up demand, Enbloc Sales resulting in new demand, Aggressive bidding of Government Land Sales (GLS) and limited existing supply in the market. Foreign Interest may also be coming back to Singapore Residential Market according to BOS.
There will be a number of New Launches This Year especially in North East Region, Central/City Fringe, both from Government Land Sales and En-Bloc Sales. However, we are anticipating that there will be renewed Interest for the New Condos in Tampines. Being the first Matured Regional Centre with limited supply of Private Condominiums coupled with most New Condominiums Launching at around S$1,300 psf, it presents a very unique opportunity for investors looking at potential capital growth.
NEW CONDOS IN TAMPINES
1. THE TAPESTRY
The Tapestry by CDL is located at Tampines Avenue 10, Tampines Singapore. Ensconced within a central spot between two scenic water bodies, The Tapestry connects you with the tranquil beauty of Bedok Reservoir and Tampines Quarry Park.
The up -and-coming Tampines Town Hub is also within the vicinity, where you can enjoy facilities such as a Community Club, HomeTeamNS Clubhouse, astro-turf football pitch, futsal court, bowling alley and cinema. With such diverse options located within the Tampines Regional Centre, you will never want to leave the neighbourhood. But if you do, travelling to the rest of the island is a breeze, with the future Tampines West MRT station just across the street.
The Tapestry is connected to major arterial roads and expressways such as Tampines Expressway and Pan Island Expressway, which will provide convenient access to all parts of the island. The upcoming Downtown Line (Tampines West MRT Station (future) and the Bartley Viaduct will also be within close proximity to provide convenient access to rest of Singapore.
In addition, there are many educational institutions that are close to Tampines Avenue 10 (Parcel C) By CDL, such as Poi Ching School, Tampines Primary, St. Hilda’s Primary (under construction) and Secondary, Secondary and Junior College, Temasek Polytechnic, United World College and Singapore University of Technology and Design.
More information at: https://investintproperty.com/properties/thetapestrytampines/
2. THE JOVELL
The Jovell is an upcoming Condominium along Flora Drive, District 18, Singapore. It is a beautifully laid out residential development that comes loaded with all kinds of modern facilities. It consists of 9 blocks of 8-storey Residential building (Total 429 units) and 1 block of Clubhouse with basement carpark, swimming pool and tennis court. The Jovell will be developed by Top developers in Singapore, Hong Leong Holdings which promise the assurance of a quality homes for both personal stay and investments.
Strategically located along Flora Drive -one of the most coveted residential spaces in Singapore, the premium condominium project enjoys a prime location as it is situated at the intersection of the Upper Changi Road and Flora Road which is just a short distance away from major shopping malls (Tampines Mall, upcoming Jewel at Changi Airport) and MRT Stations.
The Jovell Condo will be an incredible place for a family to enjoy a peaceful life with all the modern amenities. There is so much on offer. You do not just get a space to stay; you get the complete living experience.
More information at: https://investintproperty.com/properties/thejovell/
Hope you enjoy reading – “New Condos in Tampines“. You might also be interested to read more about “New Singapore Condominiums Launching in 2018“
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Disclaimer: This article is meant for research/ information and educational purposes only. All information, especially property ownership laws, are subjected to changes and no responsibility shall be held on the accuracy. All sorts of property investments can be risky and investors are expected to perform their own due diligence before committing into any purchase.