He said: "Wind Forest is adjacent to Kent Hill Metro Station and Geneo Centre, which brings together office buildings and Citadine service apartments. The project is located in Weiyi District, where more residential properties are expected to b...
He said: "Wind Forest is adjacent to Kent Hill Metro Station and Geneo Centre, which brings together office buildings and Citadine service apartments. The project is located in Weiyi District, where more residential properties are expected to be built close to work locations and daily amenities, providing home buyers with opportunities to integrate into the community."
Lynden Woods, the first new private home project launched by the government after the government raised the seller's stamp duty, was not affected by new measures at the opening this weekend. More than 94% of the units were sold on the first day, with an average selling price of RMB 2,450 per square foot.
He believes that in addition to attractive pricing and superior locations on the edge of the city, many buyers are also attracted by the region's future transformational plans. In addition, Fengzhilin is currently the only residential project in Singapore’s Science and Technology Park.
ERA Industry President Zhu Yongqiang said that as mortgage interest rates drop to about 2.5%, home buyers' ability to pay has greatly enhanced. Meanwhile, tight local housing supply, stable demand and prudent developer strategies continue to support real estate value, and now is an excellent time to enter the market.
Bona Industry President Ismail Gafoor said that this is the first private home project to be launched after the revision of the seller's stamp duty (SSD) on July 4. Despite the tightening of new measures and the continued uncertainty in the market, buyers and investors do not seem to be affected much.
Analysts believe that compared with nearby private housing projects, Fengzhilin's price is attractive and is one of the reasons for its excellent sales performance. In addition, the superior location on the edge of the city and the attractiveness of the higher rents in nearby commercial parks are also factors in the entry of investors.
Ye Runming, CEO of Huttons, believes that Fengzhilin's price is very attractive to buyers. The two-bedroom unit is asking for 1.39 million yuan, while the two-bedroom unit with a study starts from 1.95 million yuan, which is similar to some projects outside the central district.
Zhu Yongqiang also said that the strong rental demand in Weiyi District has brought considerable returns to investors and further enhance the attractiveness of investment. He expects projects with a superior location like Wind Forest will have continued demand and strong capital appreciation potential.
Developer CapitaLand Development released a statement on Saturday (July 12) saying that Wind Forest buyers are mainly professionals, couples and families. The opening preview attracted more than 12,000 people in the two weeks.
This first residential project located in Singapore Science Park has a total of 343 units, and 324 were sold on the first day. It is the new project with the highest sales rate after Emerald of Katong launched in November last year. At that time, Jialexuan, which had a total of 846 units, sold 99% of the first weekend, with 11 units remaining.
He said: "Many units sold are under $2.5 million, which is a price that most Singaporeans can accept. Some investors are also attracted because residential rents in commercial parks are higher than other projects in non-commercial parks."
Pricing is within the acceptable range
