Straits Times – Private home prices jump by 3.1% in first quarter of 2018
|Stirling Residences – #21-07 Sold||05/Aug 18:30 PM|
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|Stirling Residences – #12-23 Sold||8/9/2018 11:50|
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Singapore has witnessed a drastic increase in the sale and buying of new lands and homes as compare to last few years as investors have shown more interest as compare to the previous years.
According to Urban Redevelopment Authority, the private residential property index rose by 5.41% during the year to Q1 2018, its second consecutive quarter of y-o-y price increases and the biggest growth in more than six years.
According to Jones Lang LaSalle, Singapore’s prime residential market has appeared to be more attractive relative to other global cities while the prime London market is in decline.
|Development Name||Stirling Residences Condo|
|Location||21 Stirling Road S148960
23 Stirling Road S148961
25 Stirling Road S148962
|Developer||LN Development (Stirling) Pte Ltd|
|Land Tenure||99-years from 18 Aug 2017|
|Est Site Area||21,109.5 sqm/ 227,223 sqft|
|GFA||954,336 square feet/ 88,660 square metres|
|No. of block||2 Towers of 40 Storey & 1 Tower of 38 Storey|
|No. of units||1259|
|No. of Carpark Lots||1259|
|Expected Date of NOVP||No later than 30 Apr 2022|
|Expected Legal Completion Date||No later than 30 Apr 2025 or 3 years from date of NOVP, whichever is earlier|
|Architects||P&T Consultants Architects|
|C&S Consultants||P&T Consultants Engineers|
|M&E Consultants||Rankine &Hill Pte Ltd|
|Landscape Architects||Ecoplan Asia Pte Ltd|
|Quantity Surveyors||Arcadis Singapore Pte Ltd|
|Main Contractor||China Construction (S.P.) Development Co Pte Ltd|
Investors look up for units where live, work and play are all summed up in one package at a single place because the busy routine can’t afford travelling to far off places on daily basis.
Having access to MRT Stations and Expressways is another crucial factor which investors look up for as it counts for a more commercial area and area with much richer facilities as compared to other.
Residential areas which are central to the city with all the facilities nearby are not only even preferred by natives but also the foreigners as they chose to stay at private place which accessible to everything than staying in a hotel room.
Stirling Residences is one perfect place which is situated in the center of city with so many facilities and everything e.g. shopping centers, food corners, schools, MRT stations at walking distance.
When economies grow, the demand for residential and commercial spaces increases resulting in property prices rising over time, Global bank Morgan Stanley believes that property prices in Singapore will double by 2030 owing to the increase in economy of Singapore.
Investing in Stirling Residence which offer so many facilities not only within the area but also outside their residential area which becomes source of investors’ interest which ultimately results in their increasing economy. see now Stirling Residences review
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Stirling Residences Floor Plan
Stirling Residences Floor plans are designed under supervision of expert architectures who came up with this enchanting, spacious and ever so green eco friendly place.
Floors are supposed to contain a kitchen, bedrooms, living rooms, bathrooms and study area.
Number of rooms and space vary according to your selected unit and the surroundings of the unit also vary accordingly.
Stirling Residences Floor plans 1, plans for a 1 bedroom unit, the smallest of the types, it still has a balcony as well as enough space to move comfortably around the whole unit
Stirling Residences Floor Plan 3, plans for a 2 bedroom, 1 bathroom unit, even though it’s smaller than the others it still has great space distribution and it also features a balcony
2 Bedroom Premium
The Clement Canopy Floorplan 3 BR + Yard. In this floor plan pdf we can observe the design and spacing of the 3 bedroom + yard apartments inside the Clement Canopy Towers. This unit showcases a total of 3 bedrooms and a roofless yard to enjoy fresh air even when you are inside your own apartment.
2 Bedroom + Study
Stirling Residences Floor Plan 5, a 2 bedroom and 2 bathroom unit, perfect for a couple with a kid or 2 roommates
3 Bedroom Premium
Stirling Residences Floor Plan 7, also 3 bedroom and 2 bathroom but with a different distribution and arrangement, it also features a balcony
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Project Related News
Panic buying in July raised the sale in Singapore up to 55 percent which broke records of last sixteen months.
706 units of Starling Residencies were sold in previous month, however in July the number increased to 1776 units.
Stirling residences made a record of $ Million bids last May which shows that they have successfully impressed their investors through their choice of location, architecture, and interiors.
According to analyst Lock Mun Yee, Daintree Residences saw 46 of the 80 units released for sale in July taken up whilst The Tre Ver saw 140 units taken up when released for sale in August.
In a report, Tan noted that Stirling Residences were equally crowded which lasted until Sunday evening, not distracted by the World Cup matches thus proving good for the owners.
The indicative pricing for both projects was quite similar with an average selling price (ASP) of $1,700 psf.
“Going forward, with the rise in land prices recently, resulting in high landbank cost, any significant price retracement or prolonged land holding period could impact development margins,” Lock commented.
Also read: Property Taxes in Singapore