29 May 2024, Wednesday THE BUSINESS TIMES CDL buys Delfi Orchard in en bloc deal for S$439m City Developments Ltd (CDL) has bought over Delfi Orchard, a 40-year-old strata-titled building of which it already owns the majority share, for S$439 million. This was just a shade above the guide price of S$438 million when the site was launched for collective sale in mid-April. The S$439 million price tag translates to a land rate of S$3,346 per square foot per plot ratio (psf ppr), marketing agent Savills Singapore said on Tuesday (May 28). This includes a land betterment charge and is based on the site’s existing gross floor area (GFA) of 131,186 square feet (sq ft). THE STRAITS TIMES Unlimited sea access, affordable housing among ideas for Long Island Continued unlimited access to the sea, affordable housing and educational opportunities centred on coastal habitats are among the ideas and suggestions that Singaporeans have given at engagements on the Long Island reclamation project to be developed off East Coast. Since the start of 2024, public agencies have held engagement sessions on plans for the project, which will help to meet several needs, such as coastal protection, flood resilience and boosting Singapore’s freshwater supply. EDGEPROP Private non-landed housing prices grows 0.5 per cent m-o-m in April: NUS SRPI flash estimate Prices of private non-landed residential properties inched up in April, reversing from the decline recorded in March, according to the Institute of Real Estate and Urban Studies (IREUS). Flash estimates of the Singapore Residential Price Index (SRPI) published by IREUS on May 28 indicate that condo prices grew by 0.5 per cent m-o-m from March to April this year. The SRPI tracks the month-on-month movement of private non-landed residential properties in Singapore based on a basket of 818 completed condo developments. CHANNEL NEWSASIA Open-concept HDB White Flats offer more 'free play' but resale values could be affected, designers say When Ms Nad selected her four-room Build-to-Order (BTO) unit in July 2020, she already envisioned a home that would look vastly different from other public housing flats. She and her husband spoke to five interior designers about the possibility of knocking down all the walls in their flat to create an apartment with just one bedroom.
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Vancouver Multiplex Update: Momentum is Building Over the past 4.5 months the City has accepted 77 multiplex development applications totalling 334 units. The West Side accounted for 22 projects contributing 114 units. The majority of the applications are on the East Side where projects primarily consist of 3 and 4 units and require substantially less equity. There will likely be over 1000 units added this year through multiplex. My belief is that townhome developments will see fewer sales as they may find it difficult to compete with multiplex townhomes. Multiplexes don’t require underground parking unlike traditional townhomes allowing for a more affordable home in quieter neighborhoods. Multiplex skips the zoning process unlike townhome developments saving interest carryng costs. Lightwell Developments has two projects in the development permit process, with a third being submitted next week. We are told the DP process is 8 to 10 weeks and that the entire permitting process will take 7 months, similar to a duplex permitting timeline. With our three multiplex developments each project has a different configuration. Duplex community On a 10,000 sq ft lot we have 4 buildings. The front two buildings are front/back duplexes with individual villas in the back. A large common area separates the buildings. Row Homes and rear villas We have three storey row homes in the front with a duplex in the back. Stacked Townhome In this configuration we have one level units on the bottom with two storey stacked townhomes on the top. A single villa is in the back. I like the versatility of multiplex. Ceiling heights of ten feet on two levels and nine feet on a third provide bright open homes. Roof top decks and ample outdoor patio space add to livability. Pad parking is in the back. We are able to provide one parking spot per unit. Multiplex townhomes will be priced substantially below half duplexes making them an attractive choice for downsizers and families alike. #multifamily #multifamilydevelopment #realestate #realestatedevelopmemt
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We've shone a light on the top four apartment developments currently for sale, and under construction, on some of Melbourne's best parks. In bustling metropolitan cities like Melbourne, the allure of living on a park offers a refreshing respite from inner-city life. New apartment developments on a park are hard to come by, given the cost of land surrounding a park, much like being beachfront, is typically more expensive. That's why parkside apartments offer something from both a lifestyle and an investment standpoint, as the lack of abundance of parkside apartments generally speaking means they hold their value, attract more potential buyers, and can yield higher rents. Read more below. Mirvac | Abadeen | PB & Co. | Sunkin Property Group Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡 New project launches and updates 💡 What buyers are searching for on AU’s largest off-the-plan buyer platform 💡 Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.
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💡 Market Insights: CoreLogic's Home Value Index showed the median value for Brisbane has now risen over $600,000 for the first time and is closing the gap on Melbourne's Brisbane's unit growth over April was so strong that it doubled the growth in its house market, which in itself was the third best-performing capital city house market in the country. The biggest news in the off-the-plan apartment market in Brisbane came from the riverfront where the two-level penthouse atop Sorano House in Kangaroo Point sold for a record $14 million. Read more about what happened in Brisbane's off-the-plan apartment market in April below. Spyre Group Pty Ltd | Pikos Group | DKO Architecture | Pedro Pikos | Aria Property Group | Rothelowman | Woods Bagot | Contreras Earl Architecture | Salter Brothers | Bates Smart Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 16,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡 New project launches and updates 💡 What buyers are searching for on AU’s largest off-the-plan buyer platform 💡 Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.
City Beat May 2024: Brisbane unit growth doubles houses in April
urban.com.au
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Gone are the days dominated by large skyscrapers, the trend now favors large-scale apartments, most spanning half and full floors. Developers are increasingly focusing on A-grade sites, ideally situated as close to the beach as possible. Even those bringing much-needed density to the Gold Coast are reserving a significant portion of apartments toward the top end of the building for larger units. As the market adapts to these trends, we take a closer look at the Gold Coast apartment developments that are providing exciting options for downsizers. Monaco Property Group | Drew Group | Iris Capital | Morris Property Group | Aníko Group Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡 New project launches and updates 💡 What buyers are searching for on AU’s largest off-the-plan buyer platform 💡 Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.
Why buying an off the plan apartment on the Gold Coast makes sense for downsizers
urban.com.au
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Location and the potential rate of appreciation are some of the important factors you look at when investing in real estate. An exceptional real estate investment opportunity for those seeking a buy and build land that brings a peaceful and modern living experience. Then this product is for you. Key haven phase 1 is located in Ilara igbonla road, Epe It offers you the chance to own a 500sqm piece of land for aprice of 7 million naira all inclusive. This prestigious development by one of the best real estate company boasts of a perfect blend of contemporary design,convenient amenities, making it an ideal choice for anyone looking to elevate their lifestyle. Do not forget,.sales was closed on this estate for a long period before it is reopened just few weeks ago. You can't go wrong with this investment. Our track record shows that. Let me take you on a journey round the estate, for u to see the ongoing Constructions. Here is the apartments being built by us, this house is already at 80% completion stage(the video shld show the interiors of the Bungalows and exterior too).Homes built with good attention to details and an style. Check the ongoing perimeter fencing, some client's construction (should show the two storey building ongoing). You too can join us here and build a good home for yourself. Don't miss out on the chance to secure your own plot, Offer is limited, so act now. For more enquiries on sales,call me on 08052882703
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There was something about moving into a completely new space that appealed to Gold Coast downsizer Lada Vugic. Lada recently secured an apartment in SIERA Property Group's under-construction Tapestry apartment development on Chevron Island, where she will downsize come completion in late 2025. Tapestry was Siera's debut apartment development. It has 113 apartments across a 22-level building designed by BDA Architecture. "There's no better feeling than knowing what you own is new and hasn't been used by someone else. This will be my forever apartment, so I wanted to be the first owner, bringing my own energy to the space." Lada took part in Urban's Buyer Q&A series, which focuses on the driving factors behind buying off the plan property in Australia. Read more below. Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡 New project launches and updates 💡 What buyers are searching for on AU’s largest off-the-plan buyer platform 💡 Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.
The "never lived in" appeal for Gold Coast downsizer at Tapestry, Chevron Island: Urban Buyer Q&A
urban.com.au
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As Perth’s build-to-rent sector grows and evolves to meet to needs of the state’s residential market, it was great to see Rothelowman Principal Kylee Schoonens featured in Business News, discussing our latest development with Celsius Property Group, Montario Quarter. In the article, Kylee shares the importance of considering resident turnover, which tends to be higher in build-to-rent developments than in build-to-sell, as well as the adaptability and functionality of the dwelling. “Rothelowman is currently delivering probably over twenty per cent of the build-to-rent housing supply nationally. There are a lot of design nuances that require build-to-rent to be different to build-to-sell, particularly from the operational perspective”. In addition to Montario Quarter, Rothelowman-designed Tuohy Gardens was also discussed in the article. When complete, this Bluerock Projects development will be the largest timber-frame apartment building in Western Australia and will enhance the state’s access to affordable, well-designed dwellings. To read more, click the link below. https://lnkd.in/dK9_3J5h #Rothelowman #GenerousEyeForLife #ArchitectureAndDesign #BuildToRent #WesternAustralia #WABuildToRent #MontarioQuarter #CelsiusPropertyGroup
Perth’s build-to-rent sector grows and evolves, Rothelowman Principal Kylee Schoonens is featured in Business News
https://rothelowman.com.au
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🏗️ SIERA redefines off-the-plan market dynamics In the dynamic world of off-the-plan developments, SIERA Property Group stands out for its groundbreaking approach in the Gold Coast market. Unlike traditional developers, SIERA focuses on more than just architectural prowess or product exclusivity. Instead, they prioritise the human element, ensuring every interaction resonates with transparency and trust. Led by Managing Director Brent Thompson, SIERA's strategy revolves around personal engagement and a commitment to understanding residents' lifestyles. Thompson's hands-on approach, coupled with a dedication to on-site presence, underscores SIERA's ethos of transparency and accountability. As Thompson aptly puts it, "People are entrusting us with their homes; it's imperative they feel confident in our promises." Collaborations with industry stalwarts like BDA Architecture and Ellivo Architects further validate SIERA's commitment to excellence. With projects like Tapestry on Chevron Island and Pipis in Bilinga underway, SIERA is not just building structures; they're crafting legacies. Their brand isn't just about the present sale; it's about enriching lives and communities for years to come. Stay tuned as SIERA continues to redefine off-the-plan paradigms, with future endeavours set to elevate Gold Coast living to unprecedented heights. #RealEstate #PropertyDevelopment #GoldCoastLiving Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 15,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡 New project launches and updates 💡 What buyers are searching for on AU’s largest off the plan buyer platform 💡 Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.
How SIERA created a trustworthy brand in the Gold Coast off the plan apartment market
urban.com.au
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🔨 Shrinkflation: the hot new renovation trend? 🔨 Aussies love a good renovation project! (any The Block fans around here?) 😅 But we don't all have dozens of sponsors to help us fund a reno for a multi-million dollar mansion. Instead, some homeowners are beating high costs by scaling back their plans. 🤨 Housing Industry Association research* shows affordability and value are becoming key considerations for renovators. That’s seeing ‘shrinkflation’ kick in as homeowners opt for smaller but perfectly formed spaces - especially when it comes to costly improvements like bathroom upgrades. 🚽 What also matters is how you fund your home improvements. 👍 And that's where we come in. Call us today to discover what financing options you have available to you for your next reno project. 👇 To find out more, DM us or contact Pilbara Finance on: 📞 08 9122 3929 💻 [email protected] #PilbaraFinance #westernaustralia #westernaustraliaproperty #westernaustraliarealestate #pilbara #pilbaraproperty #pilbararealestate #pilbaralocal #karratha #karrathaproperty #karratharealestate #porthedland #porthedlandproperty #porthedlandrealestate #southhedland #southhedlandproperty #southhedlandrealestate #hedland #hedlandproperty #hedlandrealestate #dampier #dampierproperty #dampierrealestate #newman #newmanproperty #newmanrealestate #tomprice #tompriceproperty #tompricerealestate
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Thinking about buying a newly constructed home? Here are some pros and cons to consider: Pros: 👍Customization Many new construction homes allow for customization, so you can choose finishes, layout, and features to suit your preferences. 👍Modern Amenities New homes often come equipped with modern amenities and energy-efficient features, saving you money on utilities. 👍Warranty Protection Most new homes come with warranties, providing peace of mind against unexpected repairs. 👍Low Maintenance Since everything is brand new, you'll likely have fewer maintenance issues to deal with in the early years. 👍Community Amenities New construction communities often come with amenities like parks, pools, and recreational facilities. Cons: 😬Higher Price New construction homes typically come with a higher price tag compared to existing homes in the same area. 😬Limited Location Options New construction communities may be limited in terms of location compared to established neighborhoods with more amenities and services. 😬Construction Delays Delays in construction are common, which could postpone your move-in date and disrupt your plans. 😬Lack of Character New homes may lack the charm and character of older homes with unique architectural details. 😬Resale Value New homes may not appreciate in value as quickly as older homes in established neighborhoods. 🏠 Before making a decision, weigh these factors carefully to determine if buying new construction is the right choice for you! #realestate #multifamilyrealestate #propertymarket #property #realestateagent #realestateconsultant #housing #commercialrealestate #residentialrealestate
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