Straits Times – Private home prices jump by 3.1% in first quarter of 2018
Today, the most promising opportunities to invest in the Asian property market are the properties in Singapore, which is placed as the country with the most demand for land in the whole continent.
Bukit Sembawang Estates Limited, a very well known developer in Singapore, has found the perfect moment to launch the first development project of the year consisting of limited units of landed terraced homes on the market.
Last year, the previous major landed project launch in Singapore was Kismis Residences by Low Keng Huat, which had sold 11 of 31 units as of January this year, for $4.1 million on average.
|Project Name||Nim Collection|
|Developer||Singapore United Estates (Pte) Ltd (ROC No. 195500005N)|
|Tenure||99 years wef 13 October 2016|
|Lot / Mukim No.||Lot No. 18257X MK 18 at Nim Road / Ang Mo Kio Ave 5 (formerly known as Lot 12949A-PT MK 18 at Nim Road/ Ang Mo Kio Ave 5)|
|Project Account No.||SUEPL Project Acc Lot12949 P1|
|Building Plan No.||A1002-00003-2016-BP01 dated 13 January 2017 and|
A1002-00003-2016-BP02 dated 29 June 2017
|Developer Licence No.||C1204 (for Phase 1)|
|Type of development||37 units of Terrace Houses &|
8 units of Corner Terrace Houses 2 units of Semi-Detached Houses TOTAL : 47 units
|District||D28 (under north east region)|
|Main Entrance||along Ang Mo Kio Ave 5 via Nim Road / Nim Rise / Nim Terrace|
|Expected TOP date||31 March 2021 (likely to be 1st half 2019)|
|Expected date of legal completion||31 March 2024|
|Architect||W Architect Pte Ltd|
Sales office main Contractor
|TPS Construction Pte Ltd|
|Main contractor for the development||TPS Construction Pte Ltd|
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These sold units span an average land area of 1,624 sq ft. The launch of the project follows a recovery in landed home values, marked by two quarterly price upticks in the second half of last year.
From 2014 to 2016, Singapore’s property market went through a process of recovery, prices raised from a slump of a fall of 5.4 per cent in 2014, 4.1 per cent in 2015, to 4.5 per cent in 2016 according to data from the Urban Redevelopment Authority.
Nowadays, the official index for landed homes rose 1.2 per cent in the third quarter and 0.5 per cent in the fourth quarter, bringing the full-year price change for landed homes to a 0.5 per cent decline after a three years fall.
Bukit Sembawang Estates’ residential project will release 30 out of 47 units in the first phase of its landed development, Nim Collection, at an average price of $2.8 million to $3 million.
The first phase of the project comprises 37 inter-terraced units, spanning 1,916 sq ft of land with 4,478 sq ft of built-up area; eight corner terraced units and two semi-detached houses
For the second phase of the project, the developer plans to have permission for the development of a total of 98 units.
Also Read: Buying Your Second Property In Singapore
Nim Collection Elevated Outdoor Garden, a beautiful space to meditate or just spend some time talking with friends
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Amenities near the Nim Collection, all you want and all you need
One of the most attractive features of the Nim Collection Residences is the quality and variety of the nearby places and facilities.
Starting by its organized public transport, Ang Mo Kio counts with train stations and bus stops that residents can reach by walking less than half a kilometer from the residence; making it very easy to move around as we stated before.
Besides the transport, of which we have talked enough, there are at least four supermarkets nearby located a within a 1km radius, said supermarkets are Fairprice Supermarket, Sheng Siong, Cold Storage and Giant Supermarket.
What are amenities without shopping? Of course there are plenty of shopping malls near a privileged location like Nim Collection has; the one that’s the furthest away is the Seletar Mall, which is only 2 km away from the residence. Imagine how close the other ones are.
We talked bit about the quality of the education facilities for every age located nearby Nim Collection, there are a lot of schools to pick whether you need preschool or junior college. Even tertiary education is available for you.
We just scratched the surface of the education subject before, now we are going to go in depth to make sure you know every school around the area.
MRC Kindergarten placed in Serangoon North is the nearest, just one km away from the residence, for primary school, there is Holy Innocents’ Primary School 800 meters away and Hougang Primary School being the further just 1,9 km away.
Just like the primary schools, secondary schools are also available, Serangoon Garden Secondary School, Anderson Secondary School, Chong Bong Secondary School, Bowen Secondary School are all within 1km – 1,5km radius and Deyi Secondary School is the farther one just 1,9 km away, same distance as the Anderson Junior College.
For tertiary education, there are some options, like the James Cook University, located in the Ang Mo Kio Campus 800 meters away from the Nim Collection, and the Nanyang Polytechnic located 1.7 km away.
There is also an international school located 900 just meters away from the residence which is the Lycee Francais De Singapur.
For those who appreciate culinary arts and have specific gastronomic choices, in Ang Mo Kio are several food centres to take into consideration, located just a few kilometers away from the Nim Collection.
Also, in case you are an activity lover, you can perform many at the Serangoon Gardens Country Club.
Nim Collection Near Hougang Festival Market, if you feel like buying something for special days this is the place for you
Nim Collection Near Ang Mo Kio (AMK) Hub, shopping, passing time, or just walking are all activities you can perfectly perform here
Nim Collection Near NTUC FairPrice, being so close to Nim Collection you can come and go as many time as you wish whenever you feel you need groceries
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