June 27, 2025
Headlines

Capitaland New Buyers

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CapitaLand was inundated with new buyers for 31 of the 50 condos, just release for its Marine Blue freehold project. A penthouse suite, a one-bedroom-plus-study, and the remainder made up of 2 bedroom condos.

The median price of these units were between $1800 and $2000psf , which according to media sources was a 10% discount from Marine blues original listings.

Westwood Residences Westwood Avenue

In contrast, recent purchases of freehold condos in the immediate area in Westwood Residences, such as those in Corralis, SeaView, Parc Seabreeze, and 70 St. Patrick’s ranges from $1630-$1730psf. The rent in this area average between $3.20 and $4psf per month, SLP international’s Executive Director, Nicholas Mak was quoted as saying.

Westwood Residences

Comprising a total of 4 Strata Terrace houses and 120 condominiums, Marine Blue is a stone’s throw from the proposed Marine Parade MRT station near Westwood Residences and is adjacent to the Grand Mercure, Roxy Hotel in Marine Parade.

From the spokesperson at CapitaLand comes the following quote, “The project is expected to attract young professionals and Lumina Grand EC families seeking a modern well-designed house in the mature Marine Park Estate. It is also close to the historically rich Katong area, its …

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Consumer Spending – Westwood Residences

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You would think with the fall in housing prices for Westwood Residences the people of Singapore would be changing their spending habits. Unlike people in America, the people in Singapore don’t worry about recession. They know their economy is strong, and it’s one of the best in the Pacific Rim.

And all the economic textbooks, it says when there’s a drop in price and housing. There should be a drop in consumerism as well. Obviously, the people in Singapore don’t read the same textbooks as the people in America.

Consumer Spending Westwood Residences

In Singapore, the evidence suggests that as the people there become
wealthier they can weather drops in prices and wait until they come back up again before considering selling their properties.

This is only one of the reasons why even though the property market is slowing consumer’s confidence in the money supply has not wavered for Westwood Residences.

Westwood Residences Koh Brothers

If you look at 2014, housing prices dropped 6.1% in the HTB market, while only 4% in the private housing market, to Singaporeans. This is considered a drop in the bucket in Westwood Residences.

In 2015, most experts agree that the market will continue to …

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Demand for Amenities

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Westwood Residences is a new Executive Condominium (ED) project in Singapore. The project is part of the Government Land Sales Programme from 2013. The land for this ED was sold at the end of 2013 to Koh Brothers Group and Heeton Homes Pte Ltd. These buyers purchased a 99-year leasehold on the property. Both of these contracting companies have a long history in Singapore of carrying off new home developments with pinache. The complex takes up about three full city blocks. Located in Jurong West, the land is bordered on one side by Westwood Avenue and on the other side by the Pan Island Expressway (PIE).

Westwood Residences EC Demand

Demand is expected to be heavy for these excellent family homes due to their location and the fact that this is the first ED development built since 1997 in Singapore. The project will include three, four and five room homes. As part of the development, residents will also have the services of a guardhouse, gymnasium, clubhouse, tennis courts, swimming pools and an open play area. There are also garden walkways, close parking and individual mail boxes at a central location. The clubhouse has a party area that can be reserved …

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Iskandar Main Developers

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2015 will see UEM Sunrise, one of the main developers of Hillhaven Condo Holland Drive Condo Iskandar, diving headlong into work planed out for Johor that will include a number of catalytic projects in the Nusajay area. This includes Gerbang Nusajaya’s ground-breaking ceremony for Motorsports City.
Having a $15 billion (RM 40 billion) gross development value, Gerbang Nusajaya’s 1,800 hectares consists of residential precincts, industrial parks, campus offices, and retail Bukit Batok EC and lifestyle parks. All of this will be constructed over a span of 25 years in 5 phases.

Westwood Residences Executive Condominium

Chiefly, Motorsports City, with its S$1.32 billion (RM3.5 billion) price tag and 118 hectare area, will bring with it a 4.5km racing track that will be able to host International races. The site will also offer a model automotive nerve centre, which will have F&B outlets, auto showrooms, bonded warehouses, retail units, and al fresco areas. It will also provide centres which will be dedicated to the services, sales, systems and spar parts of a variety of autos. This may in turn affect Westwood Residences EC Sales due to the demand for foreign properties.
A second ground breaking project set of 2015 will be an …

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Economy Slows

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The government announced on Tuesday that they are expecting Singapore’s economy to slow to a 3.0% growth rate for 2014 amidst a global deterioration hitting the crucial trade outlook of the city-state. This may slow the sales of Westwood Residences.
In the 9 months to September a 3.3% expansion was seen, year on year, of the Gross Domestic Product (GDP). However, in a statement made by the Ministry of Trade and Industry, there is likely to be an easing in the last quarter that will be in line with the global JCube Condo economy’s projected slowdown. ECs like Westwood Residences however remain resilient as ECs are always in demand.
In 2013 there was a 4.1% expansion in Singapore’s GDP. 2014’s official forecast is a tad lower than the general agreement figure of 3.3% that was given by economists in a survey given this September by the Monetary Authority of Singapore.

Economy Slows may hamper Westwood Residences Sales

Analyst say that, due to Singapore’s open and small economy, they are more vulnerable to developments that are external, more so than their Asian neighbors. Singapore’s Asian neighbors have larger domestic markets in Westwood Residences to help cushion them when they face …

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