New Condo Launch in East
Owning a Condo in the East Of Singapore
The East Region of Singapore is one of the most sought-after areas for property investment, with its proximity to the central business district and excellent connectivity to other parts of the city. With several new condo launches planned for the region in the coming months, investors and homebuyers have a unique opportunity to capitalize on the capital appreciation potential of these properties.
One of the biggest advantages of investing in a new condo launch in the East Region is the potential for capital appreciation. With the region’s popularity among homebuyers and investors, property prices in the area have been steadily rising over the years. As such, investing in a new condo launch in the East Region can be a lucrative long-term investment strategy.
In addition to capital appreciation, the East Region’s excellent connectivity makes it an attractive location for both homebuyers and investors. With several major expressways and MRT stations in the area, residents of new condo developments in the East Region can enjoy easy access to other parts of the city. However, with limited availability of new condo units in the area, interested parties will need to act fast to secure their desired property.
The East Region has seen significant growth in recent years, with many new developments and infrastructure projects underway. This has led to a rise in property prices, making it an ideal location for those looking to invest in real estate. The area is expected to continue to grow in the coming years, with new developments and amenities being added regularly
The East Region is well-connected to other parts of Singapore, making it easy to travel to and from the area. The region is served by several major expressways, including the Pan Island Expressway (PIE) and the East Coast Parkway (ECP), which provide easy access to the rest of the island. There are also several MRT stations in the area, including Paya Lebar, Eunos, and Kembangan, making it easy to travel by public transport.
One of the key factors that make the East Region an attractive destination for property investment is the limited availability of land. This has led to a shortage of new developments in the area, which has driven up property prices. However, there are still opportunities to invest in new developments, particularly in areas such as Paya Lebar and Siglap.
Amenities in East
The East Region of Singapore is a popular choice for those looking for a new condo launch. With its proximity to the city and abundance of amenities, it’s no wonder why it’s a highly sought-after location.
For families with children, the East Region has a variety of schools to choose from. Some notable schools in the area include St. Hilda’s Primary School, Temasek Junior College, and Victoria School.
There are plenty of shopping malls in the East Region, making it a convenient location for those who love to shop. Some popular malls include Paya Lebar Quarter, Changi City Point, and Bedok Mall.
The East Region also boasts several outdoor parks for those who enjoy spending time in nature. East Coast Park is a popular destination for families and fitness enthusiasts, with its scenic coastline and various recreational activities. Other parks in the area include Tampines Eco Green and Pasir Ris Park.
Price Trend for CCR Condos
When it comes to buying a new condo in the East Region of Singapore, price and PSF (price per square foot) are important factors to consider. The prices of new launches in the East Region vary depending on the location, unit size, and developer. Here are some examples of new condo launches in the East Region and their respective prices and PSF:
- Tenet Tampines: This development by MCC Land is located at Tampines Street 62 and has a total of 618 units. The prices for this development start from S$1.1 million, with a PSF range of S$1,185 to S$1,496.
- Sky Everton: This development by Sustained Land is located at Everton Road and has a total of 262 units. The prices for this development start from S$1.3 million, with a PSF range of S$2,500 to S$2,800.
- The Woodleigh Residences: This development by Kajima Development and Singapore Press Holdings is located at Bidadari Park Drive and has a total of 667 units. The prices for this development start from S$1.5 million, with a PSF range of S$1,800 to S$2,200.
It is important to note that the prices and PSF listed above are subject to change and may vary depending on the availability of units and promotions offered by the developer. It is recommended to do thorough research and consult with a trusted real estate agent before making any purchasing decisions.
In general, the East Region is known to have more affordable options compared to the Central Region. However, it is also important to consider the location and accessibility of the development, as well as the amenities and facilities offered. Some developments may have higher prices and PSF but offer more luxurious and convenient living options.
Overall, the prices and PSF for new condo launches in the East Region are competitive and offer a range of options for different budgets and preferences.
The East Region of Singapore is well-connected with various transportation options, making it easy for residents to travel around the island. The region is served by several MRT stations, bus interchanges, and major expressways.
The East Region has a number of MRT stations that provide easy access to other parts of Singapore. Some of the major MRT stations in the East Region include:
- Changi Airport MRT Station (CG2)
- Tanah Merah MRT Station (EW4)
- Bedok MRT Station (EW5)
- Paya Lebar MRT Station (EW8/CC9)
- Pasir Ris MRT Station (EW1)
Changi Airport MRT Station is located at Terminal 2 of Changi Airport and serves as an interchange station for the East-West Line and the Downtown Line. Tanah Merah MRT Station is an interchange station for the East-West Line and the upcoming Thomson-East Coast Line. Bedok MRT Station is an interchange station for the East-West Line and the Downtown Line. Paya Lebar MRT Station is an interchange station for the East-West Line and the Circle Line. Pasir Ris MRT Station is the eastern terminus of the East-West Line.
All these MRT stations are well-connected to various parts of the East Region, making it easy for residents to travel to other parts of Singapore.
In conclusion, the East Region of Singapore is well-connected with various transportation options, making it easy for residents to travel around the island. The MRT stations in the region provide easy access to other parts of Singapore, ensuring that residents can travel conveniently and efficiently.
Urban Redevelopment Authority (URA) Guidelines
The Urban Redevelopment Authority (URA) is a statutory board responsible for urban planning and redevelopment in Singapore. They play a crucial role in regulating the development of new properties, including condos, by setting guidelines that developers must follow.
One of the most significant guidelines set by the URA is the maximum number of dwelling units allowed in a development. This number has recently been updated to be (GFA / 85 sq m) for developments outside the Central Core Region (CCR). This means that developers in the East Region must adhere to this new guideline when planning their new condo launch.
In addition to this, the URA also provides guidelines for the design and layout of new developments, including the provision of common spaces and amenities such as swimming pools, gyms, and playgrounds. Developers must also ensure that their designs are environmentally sustainable and promote active mobility, such as cycling and walking.
Furthermore, the URA has guidelines for carrying out small-scale businesses from residential premises, as well as guidelines for street and building names. All these guidelines are put in place to ensure that new developments are not only aesthetically pleasing but also functional and sustainable.
Overall, the URA guidelines play a crucial role in regulating the development of new properties in Singapore, including the upcoming new condo launch in the East Region. Developers must adhere to these guidelines to ensure that their projects are approved and that they meet the high standards set by the URA.