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Project News
The Condominium Upgrade: Should You?
20 Feb 2020
The question that might typically loom over one’s head, especially when the have stayed in their HDB home past...
The Condominium Upgrade: Should You?
20 Feb 2020
The question that might typically loom over one’s head, especially when the have stayed in their HDB home past the Minimum Occupancy Period (MOP) is ‘Should I upgrade to a condominium?’

If you’ve had that thought, you’re not alone. After all, most Singaporeans are after the 5Cs, of which 1C is for Condominium. It is expected that as one’s household income increases over the years, they will look to upgrade them homes to – be it whether it’s to a bigger HDB flat, a condominium or even a landed property.

Condo

Upgrading your home is a huge commitment and one you’ll need to be very sure of, especially on the financial front. While HDB flats typically range from around $300k for a 3-room unit to approximately $600k for a 5-room unit, a condominium will set you back a minimum of $1million, and that’s just for a two-room condominium in the Outside
Central Region. Expect to pay at least $2million if you’re looking for a place in a more central spot in Singapore.

Other things you’ll need to consider are your Total Debt Servicing Ratio, which can’t exceed 60%, and also your Buyer Stamp Duty. While you also had to pay BSD for your HDB flat, it was likely at be at a cap of 3% of your remaining $640k as your flat is unlikely to cost you more than $1million. So even if you purchased a 5-room flat at $700k, your BSD will be $15,600 (1% of $180k, 2% of $180k, 3% of $340k) However for a condominium that will definitely cost more and is likely to set you back a minimum of $1.5million, your BSD will be include a 4% fee on the remaining amount for a whooping total of $44,600 (1% of $180k, 2% of $180k, 3% of $640k, 4% of $500k)!!!

So, you have to be sure you have your financials sorted. You won’t want the case where you’re after that more extravagant lifestyle, only to be set back huge debts as you weren’t able to afford the upgrade in the first place.

Calcuation

Once you’ve decided what you’re able to afford and the size of the apartment you’re after (do remember it’s likely a lot smaller than a HDB flat of the same number of rooms), you’ll need to choose if you’d like to go with a brand-new condo or the resale option. While we’d all prefer to be in a new place where no one has stayed at before, purchasing a new condominium will mean having to wait around 3 to 4 years before it’s up and ready for you to move in. If you’re going for a resale option, it will be easier on you planning wise as you can move in right away.

Now that everything has been said and you’ve made up your mind, simply head on over to SRX to get your dream condominium today.

Do visit SRX’s New Launches to get options if you’re looking for newly-launched condominiums. Here, you can refer to the New Project Insights to reference the percentage of units sold and launched, the average price, and average price per square foot (PSF), of various new and upcoming condominiums, all at a glance.

Alternatively, simply head on over to SRX’s Singapore Condo Directory for multiple resale condominium options for your consideration!
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Parc Canberra sells 64% of its 496 units
17 Feb 2020
Parc Canberra has sold at least 64 per cent or 316 apartments at an average price of S$1,085 per square foot (psf) at the launch over the weekend...
Parc Canberra sells 64% of its 496 units
17 Feb 2020

ParcCanberra artistsimpression website
The development along Canberra Link will house 496 units across 10 blocks, comprising 3, 4 and 5-bedroom apartments. PHOTO: PARC CANBERRA WEBSITE


THE 496-unit executive condominium project Parc Canberra has sold at least 64 per cent or 316 apartments at an average price of S$1,085 per square foot (psf) at the launch over the weekend.

Hoi Hup Sunway Canberra said in a media statement on Sunday that it launched all the units of Parc Canberra for sale at 9am on Saturday, after an online balloting exercise was conducted the previous day.

As of 4.30pm on Sunday, it has moved 316 units at an average price of S$1,085 psf.

The remaining units in the development - within a five-minute walk from the upcoming Canberra MRT station - are a mix of two-, three-, four- and five-bedroom apartments.

Its showflat, located along Sembawang Vista (next to Sembawang MRT Station), is open daily from 11am to 7pm.

The executive condominium was launched amid the ongoing deadly coronavirus outbreak.

Precautionary measures Hoi Hup Sunway Canberra has put in place at the showflat include mandatory temperature checks, hand sanitising, recording of contact information of all visitors as well as checking their travel history. Those who had travelled to mainland China in the last two weeks were requested not to visit the showflat. In addition, the developers ramped up the frequency of cleaning at the premises.

Hoi Hup Sunway Canberra has also adopted online balloting.

In order to spread out the crowds, the company told applicants to drop off their ballot tickets in person over two days - instead of one - at the sales gallery in the presence of an auditor.

On Feb 14, the balloting exercise was broadcast live on Parc Canberra's Facebook page. Successful applications were then asked to visit the sales gallery during alloted time slots on Feb 15 to book their preferred unit.

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Got to Go to Verticus
04 Feb 2020
Question – do you know where Balestier is at? Well I’d be lying if I did prior to penning this piece.
Got to Go to Verticus
04 Feb 2020
Question – do you know where Balestier is at? Well I’d be lying if I did prior to penning this piece.
 
I was thoroughly enlightened to find out that Balestier is a subzone of Novena (mind-blown) so it’s a great consideration especially if you’re looking for a place that’s in Singapore Rest of Central Region.

If your interest in piqued, you’ll want to consider calling Verticus your new home. The development is a freehold single 28-storey high residence that screams sophistication in an old-school part of Singapore. Despite just being a single residential building, there are three stunning sky gardens within the sky-high building, which hosts multiple leisure and sports facilities.

Verticus condo SRX

Right from when you step into Verticus, you’ll feel so at home as you’re greeted by a welcoming pavilion that leads to more than just your apartment but provides a great escape from the outside world. Step on in and you’re greeted by a whole host of amenities, including a butterfly promenade (whut?)!

Head on up to the fifth storey for the first of the three sky terraces, which has your wellbeing at heart. Here you’re surrounded by numerous recreational and sports zones, such as the Blue Isle, which features lap and spa pools, a water lounge and an aqua gym. While at the Active Parkland zone, you’re treated to several exercise spaces, such as a junior rock wall, coupled with lawns and walkways to unwind and relax.

The 14th storey sky terrace then takes it up a notch and is evocative of a luxury resort. Choose to wine and dine, escape from reality with a book in hand or meditate in style and peace.

And last but not least, feel like you’re on top of the world on the 28th storey communal garden where you can delight in great views of the city skyline.

Besides all that Verticus offers from within, one of the biggest pulls has to be the Balestier area itself. Firstly, good food is aplenty in this area. For instance, there are EIGHT Bak Kut Teh stores in the area, so if you’re a massive fan of this dish, you may want to consider being in the area. Head on over to Balestier Market for the famous Founder Bak Kut Teh. Or perhaps if you’re looking for a solid plate of chicken rice, you’ll be delighted to know there’s a Boon Tong Khee outlet in the area. And if you’re willing to drive out a wee-bit further, you can enjoy plenty more options such as Newton Food Centre!

Seeing as the area is in Singapore’s RCR, you know you’re well connected, especially if you’re driving.

Foodcort SRX

From Verticus, you’re just a 2 minutes’ drive away to CTE, and 3 minutes away from the PIE. And because you’re so near the city centre, you know you won’t ever be short of options – be it whether you’re looking for food or to shop. If you’re up for something closer to home, you’re a short walking distance away from Balestier Plaza, Zhongshan Mall and Shaw Plaza.

While we’re always looking to earn and grow our moola, we always need to remember health is wealth. Well if you’re at Verticus, you be close to Health City Novena, which will be Singapore’s largest healthcare complex. Here at this 17-hectatre health hub, you’ll have top hospitals alongside several other healthcare facilities to ensure you can worry less about any health emergencies.

So what are you waiting for? Get your unit at Verticus via SRX today!
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All Hail the King of the North
17 Jan 2020
Are you excited for the first Executive Condominium launch for the year? Well, you can’t bear ah, to miss out on Parc Canberra...
All Hail the King of the North
17 Jan 2020
Are you excited for the first Executive Condominium launch for the year? Well, you can’t bear ah, to miss out on Parc Canberra! (I’m sorry – I know this is bad)

Parc Canberra SRX

Woodlands and Bishan, it’s time to step aside to welcome Sembawang as the new King of the North. If the reopening of Sembawang Hot Spring isn’t a big enough factor for you to consider this location (eh it’s the ONLY natural hot spring in Singapore).

As part of the 2019 Draft Master Plan, the Northern region of Singapore will soon have an injection of new life, with several exciting developments lined up over the next few years. Besides being able to enjoy what the North has to offer, it also presents as a great investment opportunity if you’re considering moving to this region, and the Sembawang area in particular.

The revitalisation of the Sembawang region will see the introduction of more integrated developments such as Bukit Canberra and also Canberra Plaza, where Parc Canberra is located at. The former will be fully opened in two years’ time and will feature a lush park-like setting and will include facilities such as a polyclinic, senior care centre, hawker centre and an indoor sports hall.

As for Canberra Plaza, where Parc Canberra is situated at, there will be an array of amenities surrounding the housing developments in this area, including an event plaza, supermarkets, restaurants, food courts and enrichment centres. The area will also feature the largest ActiveSG gym with both indoor and outdoor pools too!

Canberra plaza Srx

With one of the highlights of the area being connectivity, it doesn’t get any better when you’re at Parc Canberra, where you are literally a walk away as there’s a direct walkway to the station from the development. If public transport’s not your thing, you can easily get around Singapore via your own car as the freehold 495-unit development is close to SLE and CTE, and the upcoming North-South Corridor expressway.

So many plus points and we haven’t even gotten started on what you can enjoy from right within your luxurious Parc Canberra estate! While there are numerous engaging and attractive amenities outside of the development, you may not even want to step outside considering the myriad of facilities you can enjoy from within, such as an infinity pool, sundeck, a kids’ waterplay area, along with several party and function rooms. Parc Canberra takes integrated living to a whole other level, seeing as there’s an indoor clinic and other childcare facility right within the development (like WHUT?)

If you’re a parent that’s always looking for schools close-by, you will have so many schooling options to choose from in the area, from primary schools right up to junior colleges and polytechnics. And if you’re looking for shopping and dining options outside of the Canberra area, simply take a train a stop down in either direction. In Yishun, you can enjoy all that Northpoint City has to offer, and at Sembawang MRT, you can explore Sembawang Shopping Centre.

So what are you waiting for? Get your unit at Parc Canberra today with the help of SRX!
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