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Thread: Parkwood Collection

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    Default Parkwood Collection

    Parkwood Collection is a new landed housing development located right in the heart of Hougang landed housing district. It is within walking distance to Hougang Bus Interchange as well as Hougang MRT Station. The top bidder for the plot of land came from a consortium of Fantasia Investment (Singapore), Sun Renwang and Yang Xinping who have submitted a top bid of $75.8 million for the plot of land. Based on the plot ratio as well as the land size of the development, an estimated 50 units of prime residential landed properties can be build at Lorong 1 Realty Park with up to 3 storeys for each landed property. Parkwood Collection remains a choice plot of land for developers due to its boutique size. Homeowners who are looking for a brand new landed housing near to an MRT Station will find the location of Parkwood Collection to be highly sought after.

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    PUBLISHEDJUN 1, 2017, 7:03 PM SGT
    Wong Siew Ying
    SINGAPORE - A private landed housing site in Lorong 1 Realty Park in Hougang has drawn bullish bids from 11 developers.

    The top bid for the 99-year leasehold site came from a consortium of Fantasia Investment (Singapore), Sun Renwang and Yang Xinping at S$75.8 million or about S$525.58 psf per plot ratio, said the Urban Redevelopment Authority at the close of tender on Thursday.

    It was S$13.8 million or about 22 per centmore than the second-highest bid of S$62 million tabled jointly by Singhaiyi Investments and Haiyi Wealth.

    The Lorong 1 Realty Park plot spans nearly 13,400 square metres and is within an established residential area in Hougang.

    About 50 landed homes of up to three storeys can be built on the site.

    Analysts said its popularity of the tender lies mainly on the fairly small plot size and the dearth of sites for landed development.

    The Hougang site was released for sale via the confirmed list of the Government Land Sales (GLS) Programme for the first-half year.

    A decision on the award of the tender will be made after the bids have been evaluated and will be announced at a later date, the URA added.

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    The Parkwood Collection by Fantasia Investment (Singapore) offers buyers a chance to own a NEW landed home in an Established Residential Neighbourhood in Hougang.

    Unique Selling Points:
    Walking distance to Hougang MRT
    Well accessible to Hougang Interchange
    Rare site zone for landed property
    State of Art Condo facilities
    Near numerous Shopping Malls - Hougang Mall, Midtown, Heartland Nall, NEX
    Well connected by major expressways - CTE & KPE
    Spacious & well-designed layout
    Near to Reputable Schools

    Hi, can you send me more detail?

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    Ready-built landed home vs resale: which is better value? Discover a gem of a ready-built home

    For those looking to buy a landed home, here is a typical dilemma. Should you buy a resale property and renovate it? Or purchase a ready-built home?

    Some feel that the former is more cost-effective. But this is not always the case, since renovation costs can come up to a hefty sum, and there’s the risk of poor workmanship, which can cause much trouble and inconvenience, not to mention additional costs.

    Let us look at some factors that you should consider when deciding between buying an old or new landed property:

    Older landed homes may have the potential to become a comfortable abode after renovation, but that can turn out to be a costly endeavour.

    Considering that older landed properties are more susceptible to wear and tear over the years, you may face more than cosmetic issues with your new home. Commonplace problems that are not obvious at first glance (but can cost you dearly in the long run) are moisture problems, leaking roofs, plumbing and sewage issues.

    And before you even consider the costs of renovation, there are a host of other fees you’d need to factor in, including consultant fees, authorities submission cost, as well as site staff costs. All these can add up to quite a hefty sum.

    Given that the average amount needed to fully renovate a built up area of 3,800 to 4,000 sq ft landed property can cost anything from $1 million to $2 million, you may want to consider buying a ready-built landed home instead. The total investment for a renovated house can be quite comparable to that of a ready-built landed home.

    With a ready-built home, there are no unpleasant surprises or extra costs. Simply step in and you can begin a new chapter of your life.

    After purchasing that landed house one has been eyeing, most owners would not hesitate to engage a reputable architect to work on their dream home design. Apart from outstanding design, industry-leading architects are also more credible as they work with reputable builders who do not compromise on quality.

    Yet, architects of such calibre may be out of one’s budget. And working with alternatives could compromise on the design and quality of materials used.

    This is where getting a ready-built designer home can give property buyers much more value for money. Such homes are usually developed by reputable developers who work with industry-leading architects to ensure that buyers will be attracted by the designs and quality of the build.

    The upside is that even though the design is top notch, they do not necessarily cost more, since the developer enjoys economies of scale in hiring the architects. This makes it possible for an individual buyer to afford a home designed by a big name in the industry.

    While some owners may feel that a pre-built designed property showcases less of their individualism and personality, there are a few landed properties available here where the developer builds a unique design for each of home in the estate.

    The 121 Collection on Whitley proves that even semi-detached houses do not have to conform to symmetrical design. Each of its nine homes comes with different designs and floor plans, ensuring that each house maintains its uniqueness while presenting a harmonious design that comes together unmistakably as one unified collection.

    After all, you’ll be spending every day of your life in your new home, so no effort should be spared to realise your dream.

    The design is definitely a top concern for landed-property owners, but one wants to ensure that great design comes with quality assurance as well. While architects can show you impressive photos of past projects, it’s hard to judge the quality of the work done and how long the property can stand up to wear and tear.

    Usually, only time will tell – and it’s not pleasant to find out about sub-par work after everything’s been paid for. You may find yourself having to pay more to have it rectified or, worse, end up pursuing the case in court!

    With a trusted developer, home buyers have more assurance when it comes to building quality. This also saves time from having to go for multiple site supervision visits and checks to ensure that the renovations are properly done and on schedule.

    Located on Whitley Road, just minutes away from the business and shopping district, the 121 Collection on Whitley is a premium address surrounded by top amenities. Mount Pleasant and Novena MRT stations, along with reputed private medical hubs, are mere minutes away. And with the Orchard shopping belt, Dempsey Hill and Singapore Botanic Gardens nearby, a world of recreation is always within reach.

    Parents will also be pleased to know that prestigious schools around Bukit Timah are conveniently accessible. From lively singles to young couples to homeowners who embrace multi-generational living, everyone will find their ideal home here with work, play, nature and amenities within easy access.

    The District 11 collection of nine bungalows and semi-detached houses doesn’t just boast a premium location, it’s also beautifully and thoughtfully designed. Think luxurious touches like high ceilings, huge master suites, frameless glass panels, lush garden terraces, top-of-the-range fittings and a basement with plenty of natural light.

    On the ground floor of every house, barriers are boldly discarded to create a virtually borderless space that merges the living space with the great outdoors in a seamless and symbiotic harmony.

    After a hard day’s work, come home to your secret garden where you are endlessly showered with the gifts of Mother Nature. Featuring a groundbreaking architectural sophistication, the essence of garden-living is brought right into the house with natural light, wind, greenery and water all woven into the space. A whole new urban living experience awaits.

    With designer homes like the 121 Collection – which is already available for private viewings – it’s hard not to feel tempted. So it’s worthwhile to weigh the pros and cons and consider the quality ready-built homes available on the market, before you take the plunge.

    With a premium landed home, you don’t just get a luxurious abode. It is also one of the most solid, tried-and-tested investments you can make.

    In land-scarce Singapore, the value of owning a piece of land – and not just a nice apartment – cannot be understated. While high rise apartments may dazzle buyers with facilities and furnishings, only a landed home can prove its worth over time, particularly in a prime location like District 11.

    “Landed homes are like ‘blue chips’ or property investment, with great potential for capital appreciation over time,” remarked Ismail Gafoor, CEO of PropNex Realty.

    “The advantage of [a District 11 location] is proximity to prominent schools, the CBD and Orchard Road. The freehold status for the majority of the residential units in the vicinity further increases the demand,” said Savills Head of Research, Alan Cheong.

    Besides, with lavishly appointed ready-built homes like 121 Collection on Whitley, you get the best of both worlds – world-class design, top notch furnishings and luxurious amenities, as well as the value of the land it sits on.

    “121 Collection on Whitley is a rare landed property with luxurious furnishings and spacious layout [that] one should seriously consider investing in,” concluded Mr Gafoor.

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