Vacanza @ East is a new stunning Luxurious estate in fee simple Condominium on an enormous land site with full condo facilities by Award Winning Developer.
If Singapore were to usher in around 60,000 overseas working adults every year within the mid to upper sectors income bracket, this group can very easily purchase the over 50,000 units that are presently left unsold by the developers. Combine with current Singaporean and overseas upgrader and investor demand, this cluster of purchasers would also be ready to soak up the yearly Singapore’s land supply of 15,000 units available on stream in the future.
You’ll find some motivated vendors in December as property developers who did not sell during the current purchasing period are worried that their real estate will not sell. Any vendor putting their property for sale during the end of year is likely to be eager to sell. Allocate some time from your busy holiday schedule and go search for a bargain property. You may not get this opportunity till next year.
Our property landscape is changing, with new property sales by developers taking up an expanding pie of the non-public market. New property market volume is now forty six per cent of the total transactions lodged in 2011 – the highest volume since 2003 – as per sales record by the Urban Redevelopment Authority. The recovery of the enbloc sale market in 2010 also led to many new launches last year and a plethora of options for property buyers, who then flocked to that segment instead.
Leverage is a double-edged tool for investors as the less outlay you place down on each property, the more quantity of properties you’ll be able to buy. If the real estate go up in price, your rate of yield goes up. However if the real estate go down in value and you have got a ton of debt on the property asset, this may end in negative money flow for you.
Vacanza @ East comprises of seven blocks of twelve-levels residential units, total 473 units with a retail unit, two storey of basement car park.
Many foreign buyers start to speculate or invest in their home markets first. When they have advanced their skill in property investing, they switch to the overseas market, which is usually their third or subsequent properties. They may have started off as short term flippers but their investment horizon will alter to that of an investor buying for the long term. This is only pratical as they are not always in Singapore or it may be not practical for them to closely monitor property price movement in their selected markets.
Vacanza @ East Project Details
Development Type : Condo
Tenure : Freehold
Land Area : 207,365 sqft
No of Towers : 7
Likely TOP : Dec 2015
For some more information regarding Vacanza @ East, you might like to go to www.hotnewproperty.sg/vacanza-east