Prefabrication construction methods were the root of unexpectedly cheap bids for the site at West Coast Vale at a tender which recently closed.

EL Development had the top bid – $314.1 million or $551.15 per square foot, per plot ratio (psf, ppr) for the site (about 3.2% above the second highest bid by a joint venture of Hoi Hup Realty, Sunway Developments, and Oriental Worldwide Investments).

Prefab Requirement Increase Costs

The six bids were decreasing on recent tenders, most likely because of the requirement to use prefabricated, prefinished volumetric construction (PPVC). You can also place the fault with the location – fronting the Aye Rajah Expressway (AYE) and is a whopping 2km from the nearest MRT station, found in Clementi.

The bid at the end of the spectrum was by Singland Homes and Kheng Leong Co, at $236.9 million (only $415.69 psf, ppr).

“It will be one of the first …

There has always been a confusion weather to buy a condo or ECs. After all, both have its pros and cons and buyers are sometimes undecided weather to buy a condo or an EC. Especially when the market is slightly less than ideal, buyers may be looking for city fringe or suburban condos such as Parc Riviera near to Clementi as the outlay potential is lesser and also the rental potential maybe there as it is near to many shopping centres and academic institutions.

Buying Parc Riviera Condo

There are a few points when considering to buy a private condo or EC which are rental income and upside capital gain potential. As in order condos, Parc Riviera by EL Development has a higher upside potential given that condos have always been better in performance as any new MRT stations or new business centres near the development will see price increase …

During the third term of 2013, office rent prices in the Singapore Central Business District dropped. This is the first time rents have fallen since 2013, said two sources with regards to Parc Riviera recently.

The average gross rent (pcm) in Marina Bay dropped by 5.5% from the second term of the year. It fell to $13 per square ft. The rents in Raffles Place also dropped by 3.4% to $10.45 psf, according to a property specialist.

The trend continued on the edges of the city, in areas like Beach Road, Anson Road, and Orchard Road – rents fell in these areas by 2.1% to $8.25 psf.

West Coast Vale Condo

Now, renting rewards have been boosted by landlords looking to keep old tenants and draw in new ones – more incentives to lease have been offered for EL Development West Coast Vale Condo, in a bid to maintain and …

One consultant has shared that this softening concurs with a weak 2nd half of the year that is considered seasonal in the rental market, however it also a result of competition in West Coast Vale Condothat is growing intense amongst landlords with more new homes coming to completion.

Weak Rents may affect West Coast Vale Condo Sales

There was a decline in rents for September, according the flash estimates from SRX, for private residential units that are non-landed by 0.3% for September from last month, with suburban and city fringe areas creating a drag. However, a dip of 4.1% in rental volume was still seen. Estimates from SRX Property gave an estimation of there being 3,758 rental transactions in EL Development Condo for September, in comparison to August recording 3,919.

Eugene Lim, key executive officer for ERA Realty, made note that year on year rise of 17.7% in rental transactions …

According to BNP Paribas, “Developers are likely to be dealing more carefully at the moment, as they take into account the challenge of offloading their units into their bidding prices. However, the demand for land has not decreased.”

It might be unexpected but tender ventures are now seeing an increased amount of bids per site as local developers try to restock their land reserves, overseas developers attempt to invest in Singapore, and construction magnates dedicate themselves to opening up a tricky market.

Like-for-like comparisons on West Coast EL Development Parc Riviera plots exchanged recently, in contrast with earlier regions, reveal that bidding prices have dipped significantly. However, demand is still robust, with an average of nine bids per site in the months between January and September last year.

West Coast Vale Condo

This could be down to the fact that developers are desperate to replenish, in the wake of recent …

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Parc Riviera West Coast Official Registration

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Parc Riviera West Coast Vale Condo

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Parc Riviera EL Development West Coast Vale Condo

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