A lot of purchasers desire Westwood Residences ec which is close proximity to the MRT Station as transportation possibilities are alpenty as well as hence it has caused numerous of the home and property price levels in the vicinity of the MRT to increase. Many potential buyers of Westwood Residences are inquiring from real estate developers to lower down their selling prices for the units as there are numerous vacant units in the developerment which are left unsold. Despite the fact property developers are generally ready to discuss on the price tags, numerous home buyers are generally also mindful when on the lookout to buy a property presently.
Westwood Residences Near Lakeside Gardens
Developers will stay mindful and uptight and some may reduce prices to move sales of the balance units in Westwood Residences. There is a new ruling which states that developers must sell their units within a certain timeframe before they get fined by the local government bodies. New homes may also be launched in phases, to examine current market response.
Eugene Lim, Key Executive Officer at ERA Realty expects the prices to drop another five to six percent drop by year end. Nicholas Mak, Research Head at SLP International anticipates the same drop as well. For the long term, Christine Li, Research Head at OrangeTee, expects a drop of near 10 percent by end year. Property agents attribute the situation to a lack of demand of Westwood Residences because of shortage of buyers. Actually, land lords have previously lessened rent to compete for tenants, whose statistics have already been restricted as a consequence of lower foreign workforce.
Jurong Lake to get transformation
National Parks Board will establish the Jurong Lake District to Westwood Residences to a neighborhood garden for use by the neighborhood. Occupying over 70 hectare, the Jurong Lake Gardens will include Jurong Lake Park, the Chinese Garden and the Japanese Garden. Heritage elements at the Chinese and Japanese Garden will likely be retained but refreshed and included as part of Jurong Lake Gardens, which will include Jurong Lake Park on the west side of the lake. A new science centre will also be positioned in Jurong.