There has been a lot of debate to discuss the prime property investment are a investment choice with the recent new launches lately. Homeseekers who are adopting a wait and see attitude have begun the interest in the recent new launches in Singapore. In particular core city centre condos has been on the limelight lately as prices have dropped to allowable whereby many investors find it by a specially freehold developments located around the Orchard and city centre.
The 8th Saint Thomas sit right in the heart of Orchard area and promises a lot of amenities in the surrounding area. The condo is located at St Thomas Walk and is next to Great World City Shopping Centre. The opposite of the condominium also located the Great World City MRT Station. This is so convenient for those working class who need travel around the city. For the weekend getaway, the 313@Somerset also just a few minutes walking distance to this condominium.
8 St Thomas project is included of two blocks which consist of two hundred and nineteen units. Corresponding blocks have thirty-five storeys respectively. It is found that the project possesses wonderful ideal location as well as infrastructure. Moreover, it would be regarded as the high-end development which majority of homeowners and financiers would not prefer to miss it.
Core City Centre Condo 8 Saint Thomas Walk
Ms Alice Tan, director and head of consultancy and research at Knight Frank Singapore, though that is the cooling measures over a property prices in Singapore has been wrong buyers and buying activity has not stopped since the introduction of the total debt servicing ratio as well as additional buyers stamp duty on multiple property owners. This is that is compiled by real estate consultants, there is a 16% increase to 16,378 units in the number of units transacted in the core city centre region. Therefore buyers seem to be coming back look for the in the prime district atria of Singapore, such as orchard and Somerset stop also city fringe areas including Bukit Timah and Tanjong Pajar. Buyers are looking for core city centre condos near to the MRT station, preferably with freehold tenure.
Orchard City Centre Condos 8 St Thomas
Alice Tan note that after 3 years of consecutive decline, prices of core city centre condos now seem to have stabilised. Also the recent new launches in the core city centre, such as Martin modern Condo has received good response from buyers. Martin modern is a new launch with a 99 year leasehold tenure. Despite the 99 year leasehold tenure, Martin modern receive great response from buyers who are willing to overlook the tenure status in exchange for a good located new launch near an MRT station. Martin modern is located right beside great world city MRT station.
Also another sign which the real estate market has improved is that the Tories more en bloc sales by developers who are looking to replenish their land bank. Such en bloc sales is a good indication that developers are confident about the real as the market in Singapore and that buyers are willing to let go of the units at a premium. With the recent en bloc sales, as well as the increase in new launches sales, we can see that the real as the property market in Singapore is improving and it might be a good time now to enter the prime property segment in the orchard and Somerset area.
8 St Thomas Walk Singapore
Analyst note that Singapore prime properties are still priced lower combat first-tier cities such as Hong Kong and Shanghai, where prices of prime properties in the core city centre are skyhigh and out of reach to most of the citizens in the country. 8 St Thomas represents a new investment opportunity for buyers who are looking for prime city centre condos in Singapore. It St Thomas is located next to Great World City MRT station, as well as Great world City shopping centre. 8 St Thomas is the freehold development compared to Martin modern which is a 99 year leasehold development.
Overall, freehold developments located near the MRT station will be a better by contact leasehold properties. 8 St Thomas will be launching soon at the end of the year. Please see 8 St Thomas location and site plan more information.