Straits Times – 112 Phase I units at Affinity at Serangoon sold
11/Jun 2018 – #04-27 Sold
11/Jun 2018 – #09-74 Available
11/Jun 2018 – #02-71 Available
11/Jun 2018 – #09-60 Available
11/Jun 2018 – #03-44 Available
11/Jun 2018 – #12-65 Sold
11/Jun 2018 – #07-60 Sold
10/Jun 2018 – #09-03 Sold
10/Jun 2018 – #03-03 Available
10/Jun 2018 – #07-74 Available
10/Jun 2018 – #08-71 Available
10/Jun 2018 – #03-03 Sold
10/Jun 2018 – #09-42 Sold
The Affinity Condominium is a new development with an outstanding design being constructed in Singapore.
Its functionality and beauty is certainly going to rock the real estate market, which has been steadily growing in Singapore since 2016.
April was a success in real estate terms, as the prices went up for resale, and the same is expected for May.
In fact, investment sales might hit a record in 2018. This means that this year is an incredible time for investing in properties.
At this moment there is no better investment than the Affinity Condominium, which has the advantage of being a new project.
Affinity at Serangoon located in District 19 in Singapore; it is a very new property with incredible potential to be the best condo ever made.
|Project Name||Affinity at Serangoon|
|Developer||OXLEY SERANGOON PTE LTD|
|Location/Address||10 – 64 Serangoon North Avenue 1|
|Tenure of Land||99 years leasehold from 18 May 2018|
|Site Area||27,583.90 m2|
|Vacant Possession: 31 Dec 2024
Legal Completion: 31 Dec 2027
|PROPOSED RESIDENTIAL DEVELOPMENT COMPRISING 7 BLOCKS OF 14 STOREY APARTMENTS, 2 BLOCKS OF 3 STOREY STRATA-LANDED HOUSES WITH BASEMENT AND 1 BLOCK OF 2 STOREY STRATA-LANDED HOUSES WITH BASEMENT (TOTAL
1052 UNITS) WITH 5 COMMERCIAL SHOPS AT 1ST STOREY, 2 BASEMENT CAR PARKS, SWIMMING POOLS AND ANCILLARY FACILITIES ON LOT MK 18-10733V AT SERANGOON NORTH AVENUE 1 (SERANGOON PLANNING AREA)
|Facilities||Clubhouse, Pavilion, Gym, Aqua Gym, 50m lap pool, Wading pool, Family Pool, Sanctuary pool, BBQ , Dinning pavilion, Pool deck.
Tennis court, Fitness corner, Bicycle parking, Retail shop,
|Number of Lifts||2 lifts per tower (total 14 lift), 1 lift to bus stop, 1 lift at clubhouse.|
|Est Maintenance Fee||TBC|
|Architect||DP Architects Pte Ltd|
|Landscape||Ecoplan Asia Pte Ltd|
|M&E||Rankine&Hill (Singapore) Pte Ltd|
|C&E Engineer||KCL Consultants Pte Ltd|
|Quantity Surveyor||Davis Langdon KPK|
|Main Contractor||Lian Beng Construction Ltd|
|Conveyancing Solicitor||Rajah & Tann|
|Showflat ID||Sumisura Asia & Index Design|
DOWNLOAD AFFINITY AT SERANGOON
Invest In The Clement Canopy With Confidence
Affinity is a 99-year leasehold property which means that it has a long tenure period, making it attractive for numerous investors.
Being a new project, Affinity Condo has the advantage of the “anticipation” which means that since people anticipates it to be great it has to live up to the expectations, which makes the developers put extra effort in the property which in turn generates incredible results.
Affinity at Serangoon TOP date is estimated to be on the final quarter of 2024 when the project is finished.
Affinity At Serangoon is regarded as a mega development and it offers numerous high quality facilities to its residents, many of which are compared to resort facilities.
The luxurious condominium will be composed of 1052 residential units, including 1012 apartments, 40 units of strata houses and 5 units of retails shops.
Affinity showflat target preview will be open at the end of May 2018. Affinity showflat address location is yet to be revealed, so be patient.
Affinity offers good mix of one bedroom apartments and four bedrooms apartments with study are available within the development, which means that there is a lot of variety and room for any type of family.
The newly completed Greenwich V, a brand new retail destination providing fresh shopping and eating alternatives. Affinity at Serangoon Condo has easy access to numerous most important parks in other north-eastern thru the prevailing park connectors, inclusive of Bishan- Ang Mo Kio park thru Ang Mo Kio avenue 5.
Affinity at Serangoon surrounds a wide range of amenities and convenient transport connections. Serangoon will provide citizens higher facilities, more recreational alternatives and improved transport connectivity. The boom of the Serangoon Sub-regional Centre may also bring in new process-opportunities.
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Plans for the future
The biggest government infrastructure initiative in the area in the coming years will be the Cross Island Line that will finished by 2030.
Since it’s very likely that there will be a station in the vicinity, the residents of The Affinity will be able to benefit from increased convenience and accessibility to various parts of the island.
As the area is located between the Northern part of Singapore and the CBD, tenant demand is likely to come from those working both in the North and in the CBD.
In addition, the Punggol area which will be transformed into a digital district may offer some contribution in the form of tenant demand.
Affinity Condo Serangoon Master Plan to improve the area around the project which will increase the value of the whole area
But Affinity at Serangoon doesn’t depend only on its districts features. Affinity also has a variety of reasons why you should invest on it as a property.
First of all most units are North-South facing, which means that you or your client won’t be bothered by the morning or afternoon sun shining directly at your window.
This makes the units more attractive to rent as the afternoon sun is often a deterrent agent for the people wanting to rent the apartment.
Affinity also offers an incredible panoramic unblocked landed view for majority of the units, making the views more enjoyable as they are uninterrupted.
Everyone knows that the views of an apartment help sell a lot, meaning that this is a huge asset for the Affinity Project.
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Do you know that the downpayment for the cheapest unit in Singapore could possibilly get you a fully paid unit in Thailand, Bangkok or Vietnam?
Allowing you to start receiving Full Passive Rental Incomewith 0 Monthly Instalment and ABSD.
On top of that, the capital appreciation are usually muchfaster due to the low quantum!
Condos That Are Near To Popular Schools
This PDF is especially useful for people with children and students as it will allow them to find incredible Condo’s located less than 1km from the top schools in Singapore.
This PDF will essentially provide you with a list of the most reliable Condos located near one or several good schools along with organized information. This information will go from location to transportation, which are the main things one looks for when looking for a Condo near a good school.
Affinity’s Attractive Amenities, Comfort at its best
We talked a bit about Affinity at Serangoon amenities before, but we only scratched the surface in order to show you why you should invest in it, now we will show you an in-depth selection of amenities which will honestly surprise you.
Every luxury complex should offer a great array of amenities in various areas such as healthcare, transport, education and outdoor activities in order to be considered a great property.
The more amenities a property has, the more comfortable it is considered. Affinity at Serangoon offers several amenities in each and every single one of these areas.
Affinity Condo Nearby Amenities, food, lifestyle or transportation, Affinity at Serangoon has it all in a short distance
Condos That Are Near to MRT Stations
Transportation is a big issue when looking for a Condo in Singapore as it is one of the most important aspects people take into consideration.
Downloading this PDF will allow you to get a detailed list of the best condos located at walking distance from MRT stations, this will help you save time both when searching for a condo and when you live in it.
Outdoor fitness Amenities
Outdoor activities are certainly needed for a high percentage of people and as such, Affinity is located in the perfect place to satisfy this need.
Nearby sports and outdoor amenities include the Bishan Ang Mo Kio Park, Bishan Stadium, Serangoon stadium and Hougang sports complex.
Affinity Condo Near Serangoon Town, if you want to take a stroll around the town, Affinity offers you the chance to do so
Affinity at Serangoon Site Map, Incredible Location for an Incredible Customer
Little has been shown about Affinity at Serangoon since it’s an extremely new property; in fact, it is expected to be finished in 2022, so there is still time for the developer to finish any ideas they may have.
The site plan map indicated that the total covered area of the property equals 296,913 sq ft, which is placed on a triangular shaped land piece.
The Affinity Project will consist of 1012 units, 40 units of strata landed house and 5 commercial units, all carefully placed around the triangular shaped land to provide the perfect harmony and spacing between the buildings.
Affinity at Serangoon Unit mix
|Unit Type||Est Size Range (sqft)||Total units|
|2 Bedroom + 1||624||91|
|2 Bedroom Premium||753-775||28|
|2 Bedroom + 1 Premium||732-775||112|
|3 Bedroom Deluxe||1152-1259||109|
|3 Bedroom Premium||1076-1249||55|
|4 Bedroom +1||1410-1711||42|
|4 Bedroom Penthouse||1582-1722||5|
|4 Bedroom +1 Penthouse||1550||5|
|Strata landed – 4 Bedroom||2067-2088||13|
|Strata landed – 5 Bedroom||2303-2357||27|
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The penthouses featured in this PDF are certainly the best, but that doesn’t mean they are the most expensive. With this PDF you will find out which penthouses are really priced at their value. It will help you save time when looking around for penthouses.
Easy Payment Schedule Of Affinity Condo
Payment schedule for The Clement Canopy is as follows:
Booking the property & Signing of Sale and Purchase Agreement
you will have to pay a 5%booking fee (Cash/ Cheque) and the Option to Purchase (OTP) will be granted.
The “Developer” will then mail the Sale and Purchase (S&P) Agreement to your banker’s solicitor or to you.
After receiving the S&P you will have to check the date in it as you will be given only 3 weeks from that date to proceed with the S&P.
Within 8 weeks
from the day the option money is paid, you will have to pay the remaining 15%.
You can use your CPF to pay for this and any remaining shortfall will be paid for by Cash.
It is very important that you understand and write down this schedule especially if your CPF does not have enough to cover the amount needed to prepare the necessary Cash if it’s necessary to pay a shortfall
Sales Completion Date
Also you should remember that this amount will depend on your LTV (Loan To Value), e.g. if your LTV is 70% then the balance amount to be paid is 25%, 15% to be paid on exercising day, balance 10% will be paid by progressive stages
(Example foundation work completed).
Stamp Duty (3% less $5,400, Cash/CPF outlay) | Additional Stamp Duty (% of the Purchase Price)
Within 14 days of signing the S&P agreement (or within 30 days if the agreement is signed overseas), you will have to pay the Stamp Duty (3%) / Additional Stamp Duty (5% – 15%) (Cash/CPF outlay) to IRAS (Inland Revenue Authority of Singapore).
Progress Payments using Housing Loan
From this point onwards, you can start using funds from your housing loan, which can be up to 80% of the purchase price.
The tenure of the loan can be up to 30 years, depending on your age. You will have to make payments as follows:
- 10% upon completion of foundation work (Estimated 6-9 months later from work commencement)
- 10% upon completion of reinforced concrete framework of unit (Estimated 6-9 months later)
- 5% upon completion of brick walls of unit (Estimated 3-6 months later)
- 5% upon completion of roofing and ceiling of unit (Estimated 3-6 months later)
- 5% upon completion of electrical wiring (without fittings), internal plastering, plumbing and installation of doors and window frames of unit (Estimated 3-6 months later)
- 5% upon completion of completion of car park, roads and drains serving the housing project (To be advised)
- 25% upon receiving Notice of Vacant Possession and Temporary Occupation Permit (TOP), and the last 15% upon Completion Date, when you receive your CSC (To be advised).
The Clement Canopy will certainly be one of the most beautifully designed properties in Singapore, featuring incredible looks and environmentally friendly functionality as well as an advantageous location and proximity to transport.
On top of that we can add the caliber of its developers UOL and SingLand which will certainly make sure that the property is as high end as it needs to be to have a place inside their impressive portfolios.
When Clement Canopy is finished it will most likely be a candidate to win an award for design and sustainability as well as for having zero negative impact in its constructions zone, which in turn will increase its market value and help smart investors secure their profit.
Also read: Property Taxes in Singapore