According to the reports by Straits Times, most of the buyers for PS/100 are Singaporeans and Permanent Residents. PS/100 is the newly launched business SOHO (Small Office Home Office) by Far East Organization.
The development, which is the first under Far East’s dedicated business SOHO brand, saw all its 100 units sold out after sales started over the weekend.
Prices for the strata office units, which range in size from 420 to 517 sq ft, average $3,000 per square foot.
Corporate buyers accounted for another 20 per cent. The businessmen came from various sectors including shipping/logistics, investment, trading, business consultancy, and professional services.
PS100 is part of an integrated hotel-office development, occupying levels 7 to 11 of the upcoming Oasia Downtown, a 27-storey business hotel.
A buyer, Mr Tham, who bought two units – one to rent out and the other for his own use – said: ‘The Marina Bay area is going to see more development so this is a good chance to come in early before prices rise.’
A recent Colliers International study noted that occupancy levels of such strata office spaces located in the central area was estimated at 91.7 per cent as of February.
A plus for tenants is the professional concierge services offered at the integrated hotel, and the use of its meeting rooms and business centre for a nominal fee.
Each office unit comes with 5m high ceilings, a kitchenette and attached bathroom, and dedicated air-conditioning unit.
Source: Straits Times, 5 Mar 2012
Buyers are now more discerning in their buying pattern and knows a good investment when they see one. Skysuites @ Anson, a residential development by Allgreen, is actually not far from PS/100 development…. and it is cheaper too !
Why not drop over to our showflat at Peck Seah Street, opens everyday from 10am to 6pm, and find out why this project is also a good investment.
Alternative, you can contact me at (+65) 91781178 for more details.
Tanjong Pagar – The Next Waterfront City
Tanjong Pagar is designated by Urban Redevelopment Authority (URA) to be the next waterfront city living in Singapore. This bold move of transformation sets the whole area into a vibrant business, commercial and residential hub. With limited residential units in the area, and the impending completion of the commercial and recreational projects that is happening now at Marina Bay New Downtown, Skysuites@Anson is a perfect place for homeowners and investors looking at high capital appreciation returns and rental yield.
Tanjong Pagar – Mixed Project Development
There will be a new project development at Tanjong Pagar MRT Station to complement with Skysuites@Anson, with a good mix of prime office space, residential, hotel and retail outlets to create a vibrant street life around it. Apart from prime office developments, there are also well-established boutique and business hotels, cafés, bars and restaurants in the area. There will be a park, next to this development, linking Pearl’s Hill through Duxton Plain Park to the waterfront promenade at Marina Bay. A covered atrium fronting the park will be provided within the development which could be used for staging events such as exhibitions or concerts. Together, these provide spaces for people to gather, interact and socialise.
At the end of the year 2011, Skysuites @ Anson has fared much better than the neighbouring condominium units.
As you can see from the URA statistics, sales are still going strong, achievable even without media advertisements (newspapers, television, radio, news reporting, etc). The project literally sells by itself because of the location, demand, transport, good rental yield (based on the existing and surrounding condo units) and future business potential growth at Marina Bay Financial Centre.
Skysuites @ Anson has not really publicly launched to the masses unlike other condo units. This make prices attractive now for buyers and investors to get a unit. Prices would have been much higher today if it had been publicly launched. On record, 171 units has already been sold – that makes it 47.5% sold – through friends, investors, people working at Shenton/Raffles Place, email, word-of-mouth and flyer advertisements. It’s still not too late to get one for investment.
Source: Information from URA website
Source: Information from URA Website
Source: Information from URA Website
Source: Information from URA Website
Source: Information from URA Website
Source: Information from URA Website
Source: Information from URA Website
Showbox apartments in Singapore are slowing gaining popularity. Statistics show that despite of their size of 500 sq ft or less, these private residential apartments are accountable for at least 7 per cent of condominium sales over the past year, up from 4.2 per cent the previous year.
According to a report by iProperty, on average 197 showbox units were transacted per month between August last year and last month, with their average price at S$1,546 per square foot (psf). This is 42 per cent more than S$1,090 psf for condos from 501 to 1,500 sq ft, and 25 per cent more than S$1,232 psf for condos larger than 1,500 sq ft.
Last month, the average price for shoebox units was S$1,549 psf, up 14 per cent on-year. The price growth was substantially higher than the 4.9-per-cent increase for units between 501 and 1500 sq ft and 9.9-per-cent growth for those more than 1,500 sq ft.
Showbox units are common in cities like Hong Kong and Japan and the data shows that even with the significant price increase for small apartment, there is consumer confidence in rental yield and capital appreciation.
In our development at Skysuites @ Anson, the majority of the units taken up by buyers and investors are one bedroom (365 – 505 sq ft) or 2 bedroom (667 – 699 sq ft). Being an iconic development in Central Business District area – tallest condo with 72 storey viewing sky deck and four sky terraces, it is truly a good investment. Each sky terraces allow you to have a 360 degree view of the Singapore skyline. The 72 storey is the best among the four sky terraces where you can enjoy the beautiful scenery of Singapore, city view and harbour view.
The interior of the condominium units are carefully designed by a renowned interior designer who know how to maximize the space with an integrated full kitchen of combi oven, cooker hood and hob, washing machine cum dryer, refrigerator and shelves for storage, complete with ironing board and wine cooler. The developer has in fact made the kitchen in a move-in-ready condition for homeowners or investors alike.
Be mentally prepared that Tanjong Pagar will be the next growth area as you can see many high-rise residential and SOHO (Small Office Home Office) apartment coming up.
District 02, Skysuites @ Anson 