The government is expected to trim down the supply of land intended for private and EC Tampines Ave 11 Condo housing on the confirmed list for H1 2015 Government Land Sales (GLS) programme due to rising vacancies and sluggish sales, according to property experts in media reports. Therefore existing land like Westwood Residences will continue to be in demand.

Chua Yang Liang, JLL’s Research Head for Southeast Asia, said, “The period of supplying sufficient land to meet the pent-up demand arising from the large population growth between 2007 and 2009 is over. Now the state is likely to be looking at maintaining sufficient new supply to meet the long-term housing need, i.e. from new household formation in Westwood Residences”.

Westwood Residences Land Sales

In concurrence, Savills’ Alan Cheong noted “the general undersupply situation has been resolved and thus the GLS Programme may reflect a more sedentary pace in line with …

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 …

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 …

There are numerous investors who are hunting for Westwood Residences EC in close proximity to the MRT stations as property experts believe condo properties and in particular Executive Condominiums in the West located in close proximity to MRT stations has proven that prices have a tendency to increase as the general economy recovers. This is because there are generally many buyers out there but they are restricted on the loans due to the implantation of the Total Debt to Service (TDSR) ratio on property loans.

Westwood Residences Cooling Measures

Because of the implentation of the restriction of loans, numerous home buyers for Westwood Avenue EC are inquiring about real estate developers to help lower down their asking prices for the new launch units as it became apparent to buyers that there are countless vacant units in the development which are still left unsold. Also, potential buyers are also aware

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