Why Do People Says Hundred Palms Residences Will Get Sold OUT?


Hundred Palms Residences is an Executive Condominium establishing in 2017 by Hoi Hup Realty. It is situated next to Regentville right along Yio Chu Kang Road. Parents with kids going to school that is Primary will love the reality that Hundred Palms Residences is withing 1KM radius from the esteemed Rosyth School that’s top 2oth school in Singapore.

Since there’s a launching such as this it’s been long and many are looking forward to this development. Particularly those buyers who wish to break away from the usual EC location for example Sengkang, Punggol, Woodlands and Sembawang.

Hundred Palms Residences EC will have a total of 531 exclusive EC units on 9 tower blocks. Each one of these block is 15 storey high. There are amenities in close proximity with Bus Interchange, Hougang MRT Station, the Hougang New Town and Hougang Shopping Mall.

Hoi Hup Realty, a reputable developer in Singapore which is understand developer in the property market to assured quality house on this particular huge plot of land. Hoi Hup Realty submitted the highest bid of $183.8million or $331 per square foot per plot ration (PSF PPR) for the 1,84 hectar plot. This works the Hundred Palms Residences psf out to an estimate of $750 – $800 PSF.

Hundred Palms Residence is eyed for its affordable pricings and luxurious condominium facilities. This EC is an ideal home for young families and HDB upgraders searching for luxury housing around North-Eastern Region of Singapore.

Hundred Palms Residence is anticipated to be sold out during launching.

Why? There are 3 primary reasons:

1. Hundred Palms Residence is in close proximity to mature estates, like Ang Mo Kio and Serangoon. Couples, whose parents are living at these mature estates , are fighting with this EC so that they ask their parents to look after their children or can care for their parents.

2. There are limited 3- and 4- bedroom EC casings in the area. In reality, there are already a couple of EC in the area that are either fully-sold or has run out of 3- and 4-bedroom flats. This really is by no means a promotion stunt. We’re also selling ECs around these regions, so we understand.

3. The property developer Hoi Hup Realty, of Hundred Palms Residence, is the developer of many popular, private condominium such as The Peak, The Whitley Residence, Sophia Hills, etc.

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$57 million By Keppel Land divests stake in Surabaya

Keppel Land considers Indonesia as one of its growth markets. Singapore-based developer Keppel Land has agreed to sell its 80 percent stake in an Indonesian joint venture firm, PT Sentral Tunjungan Perkasa, for Rp 529 billion (S$57 million). Another Singapore-based developer Qingijan is also launching the new executive condo, Inz Residence soon in 2017 around March.

The company is selling its stake to PT Indadi Land, and expects an after tax gain of around S$32 million. A 23,300 is owned by PT Sentral Tunjungan Perkasa sq m prime site in Surabaya’s central business district.

Keppel Land President (Indonesia) Sam Moon Thong explained the divestment is in line with its strategy to recycle assets for higher yields.

“Indonesia is one of Keppel Land’s key growth markets and we will continue to explore great opportunities to scale up our presence in Greater Jakarta,” he said.In reality, the business recently announced its partnership that was “ with Metland to develop about 450 landed dwellings on a 12ha site within Metland Puri, a township located adjacent to West Jakarta”, he added.

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Sales of Condo Proceeds To Be Spilt By Order Of Court

Sales of Condo Proceeds To Be Spilt By Order Of Court

The Hillview Condo

The brothers purchased the Hillview condominium 16 years ago for $880, 440.

Cheong Kok Leong, nevertheless, promised the money was a loan that he had already paid with TODAYonline reported back.When he retired as a contractor, the senior Cheong saw his income drop in late 2004. With this, he started urging his brother to sell the $880,440 condominium they bought in 2000 to realise his investment.

The Story begins…

By issuing him three cheques totalling $87,000 in dividends. for decades, the smaller brother foisted him off The defendant also claimed there were 65 other occasions when he gave money to his brother, which amounted to $320,000.

As such, he had efficiently reimbursed the older brother and had given him an additional $120,000, which constituted bad debts, said the defendant in his countersuit.Judicial Commissioner Audrey Lim, nevertheless, was not convinced by the defendant’s account.In ruling for the older Cheong, the judge questioned why someone would invest a lot of money without setting interest rates or fixed repayment dates. Both parties had agreed on an equivalent share in the unit, while the contribution of the older brother was only a portion of the property’s acquisition cost, said JC Lim.

The Verdict

The truth is, the younger Cheong, who’d taken out the maximum mortgage, wouldn’t have really been able to buy the property without the plaintiff’s contribution.“It wasn’t as though the agreement represented a poor deal for the defendant.

Because of this, the judge ordered the younger man to sell the property, which he split the proceeds with his brother, and declared entirely in his name. He also has to return the latter’s share of rental income over time, including the interval instead of renting it out where he stayed in the condominium.

Did you know?

With the downtrend of property market, it’s common practise to encash the property by selling it. Indicating that selling price will be soft. So one could either wait for a good buy or spot any good new launch in 2017 as the price will be more justifiable. Experts are looking into the new development by LendLease – Park Place Residences and CEL – Grandeur Park Residences..

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Mcc Land Another New Plot at Tampines – The Alps Residences

Mcc Land Another New Plot at Tampines – The Alps Residences

The Alps Residences is a brand new condominium under the esteemed developer MCC Land. The Alps residences supply residents a true home sweet home that many wanted includes of various unit to cater for people as well as family. TOP is anticipated to be in 2020.

The Alps Residences has units that showcase offers and spaciousness convenience to every house-seekers. Total height windows add on to breathing and the natural brightness of the unit itself.

Modern and luxury facilities are present inside the property allowing future residents to live the way of life they want. You can even have your celebration or event on the really own function room of the property.

The Alps Residences is also encircled with innumerable comforts that can help you with your day-to-day needs and actions. Shop and dine on the closest malls, food centres and restaurants that contain Spize @ Bedok,Tampines Round Market and Food Centre, Tampines 1, White Sands, Tampines Mall, Century Square, and Elias Mall.

In addition , there are several well-known schools that offers superb quality of instruction. Greatest schooling for your children are only minutes away from house. A few other conveniences comprise Woods Experience, Sun Plaza Park, Changi General Hospital, Tampines Swimming Complex, Singapore Expo and Changi Business Park.

Love a luxury house that’s encompassed with great variety of conveniences. Refined inside in a contemporary structure is what this development is comprised of.

photo provided by photo studio instant glamour

photo provided by photo studio instant glamour

Numerous roads and expressways link the Alps Residences to lots of different places in Singapore. Some of the important expressways that links the property contain Tampines Expressway, Pan Island Expressway and East Coast Parkway. Commuters have the convenience of going by bus or MRT. MRT stations nearby two forthcoming stations and Pasir Ris MRT specifically Tampines Tampines West MRT and Downtown MRT.

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