March 22, 2025
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Buying Interest

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With luxurious house prices in Singapore still to fall, this moment could be the right time for real estate investors to make a purchase for Westwood Residences. As reported by Alice Tan, Research Head at Knight Frank’s Singapore office. This is because prices of properties has started to decrease and the softer prices mean that some buyers are entering the property market.

Westwood Residences EC Buying Interest

Luxury part of the real estate property market has been drastically plagued by the government’s various rounds of cooling measures on the real estate market. Real estate property consultants was quoted announcing in a marketing report that luxurious properties located in the core city centre have seen 5 successive periods of price reductions. Demand for Westwood Residences has been artificially depressed due to the introduction of the Total Debt to Service (TDSR) property measures which restricts buyers on the amount of loan which they are allowed to take.

Westwood Residences Buying Interest

Interest for Buying Westwood Residences

In addition to that, property experts expect purchase prices with this section to stay dipping in the rest of the year due to insufficient demand for Westwood Residences. This sounds great news for real estate sellers…

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Buying Sentiments of Westwood Residences

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Lots of HDB upgraders, or singles and also newlyweds looking for their own 1st family homes may be looking for Westwood Residences EC in Jurong as their choice homes. However, the Total Debt Servicing Ratio (TDSR) framework might just be putting the buyers off as they do not have enough to loan.

Whilst figures shows dropping manufacture activity is actually negatively impacting on the city state’s economy, a drop in estate selling prices can potentially result in a more significant threat, in line with mass media reports as many buyers are not able to purchase their dream home. Indeed, figures show that it is negatively affected as the town state’s economy grew by merely 1.4% in Q3 2014 yearly, while many economic experts surveyed by Reuters have been expecting a 1.8 percent increase.

Westwood Residences EC Buying Sentiments

Developers have previously enjoyed the Arina East Residences gains within the residential house price uphill cycle from 2005 and hence many developers are not willing to reduce their prices as they have a strong balance sheet to withstand slow sales. On the other hand, potential purchasers are very aware of the current downtrend in prices plus they …

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Home Buyers

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There are several Westwood Residences buyers who are seeking for real estate around the MRT stations as property analysts believe condo properties situated near MRT stations has proven that selling prices tend to increase as the general economy starts to pick up. However, you will find indeed a great number of unsold developer units within the jurong region hence numerous buyers are cautious when shopping for a unit in the jurong gardens vicinity. This has resulted a number of home buyers to ask for discounts from the developers in an effort to decrease the selling prices of the units.
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Westwood Residences Home Buyers

Westwood Residences developers are currently more than willing to negotiate as real estate property cooling meaures has caused condo prices to drop for 4 continuous quarters. Inside the 3rd quarter of 2014, luxury home purchase prices fell 0.4 % quarter-on-quarter. In the mean time, luxury segment of the property market slow to a crawl with only 1 condominium was sold in Sentosa Cove, further highlighting deficiency of sales in the luxury segment.

Westwood Residences Home Buyers

Real Estate Activity of Westwood Residences Drop

Despite the fact that the city state dropping development activity …

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Jurong Lake Gardens

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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.

Westwood Residences Jurong

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 …

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Westwood Residences Land Tenure

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Due to their tenure of land, freehold Westwood Residences are generally more attractive to customers in the open resale market as versus the lease hold homes. The Myst CDL Even now, the comparatively higher asking price levels of these freehold properties would likely have resulted in a growth inside the quantity being set up for auction in recent quarters,” Lee explained. As for total sales, the number of properties successfully auctioned off increased to 10 through the third quarter from nine in the previous period.

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Land Tenure of Westwood Residences EC

Significantly, Westwood Residences are already hardest struck because of the government’s various property cooling measures, together with prices dropping for six continuous quarters. Inside the 3rd quarter of 2014, luxury Westwood Residences purchase prices fell 0.9 % quarter-on-quarter, following a 1.5 percent drop in Q2 This year. Meanwhile, only one condo had been sold in Sentosa Cove in H1 2014, further displaying a defieicency of revenue in the high-end property segment.

Associated with this, there are Westwood Residences. The comparatively much higher total quantum relating to landed properties, coupled together with the execution of the Total …

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