In commercial locations, the space ratio has the potential to be beneficial in central business districts and other densely populated regions where office buildings, retail establishments, hotels, towering apartments, and single-family homes coexist.
It accommodates variable dimensions and volume constraints and enables the prediction of the land-to-office building ratio in districts with a high land-use intensity. In housing estates, the control plot ratio establishes the maximum gross floor area and building height at the macro level, as well as the parameters for apartment kinds and shapes at the micro level.
The base area ratio of a building within a building on a building plot is the building’s base area divided by the plot’s area, or, in the event of a planned development, by the net plot area.
The ratio definition refers to the ratio of the building to the land, but the gross floor area is a more precise representation of the net. The area ratio is impacted by the volume, shape, and spacing of the structures on the land; it is not controlled by specific shapes or distances.
URA plan for Low to Medium density areas
On the other hand, Singapore’s Urban Redevelopment Authority (URA) classifies land homes as low- or moderate-density residential constructions. Freehold Condominiums, apartments, and apartments are non-agricultural residences. The URA Development Control Group has created a comprehensive handbook for development management outlining what can and cannot be developed in Singapore based on the type of development proposed in the area.
The Urban Redevelopment Authorities (URA) are responsible for planning Singapore’s physical development and maximizing the use of Singapore’s limited land resources. The master plan, which outlines legal land use and governs Singapore’s development over a ten- to fifteen-year period, is the medium-term plan. Around 40% of the space is dedicated to support functions such as childcare, exhibition areas, restrooms, conference rooms, and a canteen.
Real estate brokers “Subtrade”
Real estate brokers specialize in wine-related real estate, and their backgrounds in real estate, land development, viticulture, and viticulture combine to provide an excellent chance for them to assist with sales.
All properties for sale together have a market value of $11 million. Discover stunning acreage on which to build your dream house in The Concept Plan is a long-term strategic land use plan that spans forty to fifty years and is evaluated every ten years, with the most recent revision being in 2011.
Over 600 hectares of his land are 10% arable and 90% fallow. The critical distinction is between land and landless flats. There is just 0.4 percent agriculture in the county,
How much do these huge hectares of land cost overseas
As a result of rapid economic development, an increasing number of farmers are leaving their farms to work in cities. In the second situation, land on agricultural property may be acquired. They will receive apartments of the same size in the municipal offices in exchange for BOS’s former residential property (95 sqm).
Huame was chosen as a test site for the swapping of rural housing land for urban housing in October 2005. In Beijing’s Pinggu District, a mountain community auctioned off more than 600 hectares of land for tourism development.
The government understands the potential threat to food security in a country with less than half the global average land area as more farmland is converted to factories, highways, and other infrastructure. He granted 933 plots as part of this scheme, raising his annual profit from 600,000 to 700,000 yuan. Certain properties are used as tourist hotels as well as individual residences.
As with single-family home financing, there are several variables to consider with condominiums, and different rules apply to borrowing for a condo. Whether your condo is your primary residence, your vacation home, or an investment property will determine how much you have to down. Condominiums in community-owned buildings are another consideration that sets condo lenders apart from all others.
Unlike apartments that are rented to their tenants, condominiums are privately owned. The condo owner, as the owner of the individual unit, has full control over the amenities. Common areas such as courtyards, hallways and recreational facilities are owned and managed by the condo association.
A condominium (often abbreviated to “condo” in Singapore) is a form of housing that not only resembles apartments, but can also be sold in real estate. One A condominium is a building structure that is divided into multiple units, each of which is fully owned, and the surrounding common area is also fully owned. When a building is constructed, condominiums can be sold by different owners on the site of the building into individual units (e.g., in an apartment building), or the developer can keep the property and rent it out to different tenants. One of the latest condo that is launched is The Jovell at Flora Drive.
A condominium is essentially a multi-family building, and in practice, because of the difference between the rental market and the sales market, developers tend to build condominiums of a higher quality and standard than condominiums.
For example, consider the price difference between an average condo and a co-op in Manhattan’s expensive real estate market. In the last quarter of 2019, the average cost per square foot was $1,147 for a co-op compared to $2,067 for a condo.
That means some people listing their homes decided not to do so this year, while others took their homes off the market as COVID -19 spread across the country. People who were in the process of buying a home jumped on the market – whether they were first-time or second-time homebuyers – putting significant pressure on the market as people not only listed homes for sale, but also those that were already on the market. Many people preferred to refinance their mortgages into new, lower-priced listings rather than try to find a new home in such a competitive environment.
Home prices in Orchard rose just 0.2% last year, and prediction that they will fall 2.3% next year. Given the high home prices in North Buckhead the buyer’s market is the right time to invest in a property.
I am living proof that it is possible to buy a home in San Francisco even if you are not a millionaire. I recently got a brand new one bedroom condo in the heart of Mid-Market District, just around the corner from Twitter’s headquarters, for a third of the market price, in a story that shows how hard it is for middle income earners in the city to create the same living conditions.
If you’re thinking about buying a condo, it’s important to weigh the benefits against the challenges. Because condos tend to be smaller and require less attention than single-family homes, they can be an affordable way to own property. Depending on the market you’re in, lower-priced condos can be a cheaper way to buy a home than single-family homes, making them ideal for first-time homebuyers with limited down payments and savings.
Before you buy a condo, it’s important to understand the difference between living in a condo and a single-family home to determine if the condo lifestyle is right for you. Condominiums are typically cheaper than single-family homes and have lower maintenance requirements, making them a good option for homebuyers on a budget or people looking to downsize.
Condo lenders have strict requirements for occupancy and loan-to-value ratios. Before you buy your condo, mainstream mortgage lenders will investigate many issues because lenders want to minimize your risk of default.
If you have complaints or need advice and guidance on the real estate agent you are using, visit the New Zealand website Real Estate Authority for help. There are experts who can do this on their own, including your trusted real estate agents, selected lenders and property lawyers. As long as you do your due diligence, you will not regret buying the condo. Browsing real estate websites is a good way to get a feel for what kind of house would suit you. There is a good selection at National Real Estate Agent Roof Sites with homes all over the country, or you can choose a local agent in your desired location. For independent options, you’re more likely to end up with single family homes.
You own your unit but share common areas and amenities with the community and neighbors, including parks, pools, playgrounds, gyms, dog walking and other public areas. David Lee , a real estate broker and team leader with David Lee Group at Keller Williams Realty in Orange County, California, says common areas of condominiums are managed by a homeowners association. Condominium associations differ depending on the requirements of each property.
If you’re considering buying a condo and hoping to get a mortgage through an FHA or VA loan, don’t despair – it’s possible, but it requires a little more homework to avoid last-minute disappointment if the bank doesn’t approve the condo. Find a buyer with condo experience, find the units you want, and pay attention to their FHA and VA status and requirements. Similar to FHA-approved condos, the entire complex must be approved by the VA in order for the buyer to purchase the condo with a VA loan.
In connection with making an offer on a condo, ask for documentation for the condo and ask the seller the same questions that the association bank is asking to finance the condo.
Continue ReadingWhat Is A Condominium And Should This Investment Be On Your Watchlist
Between Jan to march 2021, Mr Aaron Chang predicted that Singapore’s real estate market will grow 3%. He was very accurate. In fact the market have move more than 5% year on year. Choosing the right real estate asset is extreme vital otherwise the growth will remain stagnant and flat.
Developer United Venture Development jointly owned by UOL Venture Investment (fully owned by UOL), a subsidiary of UIC (fully owned), and Kheng Leong Company Pte Ltd. United Venture Development under UOL secured the property with a highest bid of $270.2m or $650 psf, beating out three other bidders for the coveted land. The Watergardens at Canberra Executive Condo will be developed with approximately 413 premium units in five 13-storey blocks and four 11-storey blocks.
The total site area of The Watergardens at Canberra is 27,566.1 sq m and a GFA of 38,593 sq m GFA. It is expected to accommodate up to 455 residential units with a permitted height of five storeys or 35-50 metres.
The Watergardens site is the larger of the two Canberra Drive sites and was awarded to United Venture Development by Urban Redevelopment Authority (URA). The site was part of the Government Land Sales programme and managed to attract a total of four bids. The second highest bid of $257.9 came from the partnership between Greatview Group and MCC Land (Singapore).
The Watergardens at Canberra Residence EC project is located in a well-connected area of Singapore, close to the upcoming Canberra MRT Station as well as Sembawang MRT Station. Moreover, the location is less than 30 minutes by car from Central Business District, making it a good choice for those working in the CBD.
The stunning location will be surrounded by a range of upscale amenities, including a brand new shopping mall, premium sports club and limitless connectivity options. As an executive condominium project in Singapore, those who are able to meet the purchase criteria to acquire a unit will find that they receive unmatched value.
Why The Watergardens At Canberra Residence Ec Condo Development?
The Watergardens at Canberra Residence EC is located in Canberra Link, which is emerging as one of Singapore’s best suburban neighbourhoods! Surrounding The Watergardens at Canberra Residence Executive Condo development will be a wide range of newly constructed shopping, entertainment, sports, community and business facilities.
In addition, the strategic location of The Watergardens at Canberra Residence EC means that residents will be just a short distance away from many of Singapore’s best shopping malls and amenities. Sembawang Shopping Centre offers a fantastic shopping and entertainment experience without having to walk too far.
As District 27 continues its evolution into one of the best family residential areas in Singapore, buying a unit in The Watergardens at Canberra Residence EC becomes an attractive investment. More high-end amenities and facilities will flow into the area in the coming years.
A great advantage of The Watergardens at Canberra Residence EC development is that it offers suburban living while still keeping residents connected to everything they need.
The Watergardens at Canberra Residence will be extremely close to the upcoming Canberra MRT station, with the Sembawang MRT station nearby. There are also growing routes as the Sembawang Interchange continues to be developed, providing another travel option for residents.
Motorists can reach Central Business District in less than 30 minutes by connecting to the Central Expressway, Tampines Expressway and Seletar Expressway.
The North-South Expressway, Singapore’s longest Transit Priority Corridor, with dedicated bus lanes, cycle and pedestrian paths, will be ready in 2026, providing another element of connectivity.
The Watergardens at Canberra Residence EC is the perfect place for residents with children as it offers the perfect mix of entertainment, education and recreation right on their doorstep.
Schools near The Watergardens at Canberra Residence EC
Near The Watergardens at Canberra Residence EC development, there are a number of top-notch educational institutions that cater to students of all ages.
– Canberra Primary School – Sembawang Primary School – Ahmad Ibrahim Primary School – Wellington Primary School – Endeavour Primary School – Canberra Secondary School – Sembawang Secondary School
Parents with younger children have many options in the area to attend both primary and secondary school. As a family friendly area there are a large number of pre-schools, nurseries and kindergartens all within walking distance of the development.
Executive Condominiums in Singapore are highly sought after
An executive condominium in Singapore is a hybrid residential project that is a combination of private and public. This means that the condominium is partially subsidised by the Singapore government, which means that buyers can expect a 20% to 30% discount compared to the surrounding complexes.
The fact that the prices are significantly reduced, as well as the fact that the public nature of the building means that the government contributes to the overall maintenance and future amenities, makes executive condos extremely rare in Singapore.
The Watergardens at Canberra Residence EC prices offer great value
A great advantage for all Singaporeans who own an executive condo like The Watergardens at Canberra Residence is that they benefit from lowered prices when they buy. Since the condos are subsidised by the government, they can expect prices as low as ¾ of other privately sold condos in the up-and-coming Sembawang region.
As Canberra and Sembawang continue their development to become a hub for family living while offering world-class amenities that Singaporeans love, The Watergardens at Canberra Residence EC represents a fantastic investment opportunity before the region is fully developed.
Also, due to the unique developments surrounding the condo, it has become an ultimate destination for family living. By owning a property in this condo, you have access to Canberra Link and Canberra Walk. You can also access the nearby Sembawang HDB Towns and Yishun. Its strategic location is connected to other unique residential areas, CBD and amenities. The condo is just a short walk away from Sembawang Shopping Centre where you can access retail shops, eateries and supermarkets. The use of private cars and public transport is also available.
The condo is ideal for parents with school aged children. Recognised schools are located in the vicinity of the condominium including Canberra Primary School, Canberra Secondary School, Sembawang Secondary School, Sembawang Primary School, Ahmad Ibrahim Primary School, Wellington Primary School, Endeavour Primary School and more. There are also quality kindergartens, nurseries and preschools near the condo and your children can enjoy quick access to these schools.
The Watergardens at Canberra Summary
✔ The condo is strategically located in an established residential area in Sembawang. ✔ The total land area is 296,721 sq ft. ✔ The property is connected to both Seletar Expressway and Sembawang Road. ✔ There are many amenities in the area, including Sembawang Primary School, Sembawang Shopping Centre, and more. ✔ The Watergardens at Canberra is located within walking distance of the Canberra MRT station. ✔ There are many good shopping malls in the area including the Sembawang Shopping Centre, the Sun Plaza Shopping Centre, and more. ✔ The new Sembawang Sports and Community Centre is expected to offer various indoor and outdoor sports activities. ✔ Some of the restaurants in the area include Sembawang Traditional Claypot Rice, Yishun 925 Chicken Rice, and Chong Pang City Wet Market & Food Centre. ✔ The Watergardens at Canberra is located near some of the most beautiful parks Singapore has to offer, including Yishun Neighbourhood Park, Canberra Park, and Sembawang Park.
Continue ReadingCPR Asset Management’s Mr Aaron Chang’s Top Pick Asset for April to June (Asset Progression).
Large investment firms, such as an institutional investor or a hedge fund, have in-house asset managers who focus solely on improving the financial performance of the real estate investment. However, there are also external asset management firms that provide real estate investment management services to individual investors, which may include the following:
A property manager is responsible for the day-to-day management of an investment property, which may include the following:
– Recording and reporting rental income. – Communicating with tenants. – Handling leasing for new tenants. – Expiration of leases, tenant move-outs, and inspection of vacant units. – Coordinating improvements and repairs with outside real estate professionals.
What should you use?
While portfolio management is most commonly used with commercial properties, it can also be used by individual investors, especially those with large residential portfolios. However, an asset management company could be beneficial for anyone who is unable to consistently review and analyze the performance of their real estate assets and determine the best strategies to improve returns, regardless of the number of investments they own. Smaller investors, however, must decide whether the income or size of their portfolio justifies the cost of hiring a professional asset manager.
Investors seeking assistance with the day-to-day management of a property should focus on finding and hiring a suitable asset manager.
If you are able to consistently monitor your own portfolio, including acquisitions, dispositions, and investment strategy in the market at hand, then a professional portfolio manager is generally not worth the cost. As your portfolio grows in size or your properties become larger, your need for a property manager may change. If you feel you would benefit from a property manager, make sure you do your due diligence on the manager and the firm before entering into a contract.
Portfolio management involves asset allocation and selection made by experts in real estate development and maintenance. Selecting the right assets – in this case, real estate – should be consistent with the client’s investment strategy, risk tolerance and investment objectives, just as with any other type of investment portfolio. There are several factors to consider when selecting real estate for the portfolio, such as purchase price, maintenance costs, potential repairs, holding costs and, if possible, a sale price in the future.
However, an important point to remember about real estate portfolios is that most of the asset management takes place after the portfolio is selected.
A Property Asset Management Strategy & Plan
It is important to have a clear strategy over time to achieve these higher yielding property goals, rather than just bumbling along.
Even up front, it’s important to clearly define this end goal and whether it should translate into a higher value on paper or a higher rental yield in the shorter term and also the price you are willing to pay to achieve this goal, e.g. initial expenses for changes to the property.
You then need a plan to achieve this, including a realistic timeframe and how things should proceed in the right order.
This is where pure property management expertise can really help, something asset managers often overlook in the rush for deals and numbers.
An example how a real estate manager can benefit you, a landlord may want to take back the flats and treat them separately to get a higher return, but there can be all sorts of expensive issues to sort out, such as power supply and subdivision, and then separate access points and fire safety compliance, which could easily make things unprofitable.
At CPR Real Estate Asset Management, we have a group of dynamic professionals with expertise in providing a full range of management services such as property management, lease and rental management, advertising and promotion management, facilities management, financial and human resource management, and real estate development consulting services, to name a few.
We will discuss more on the various real estate developments that are worth spending your assets on.