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Affinity At Serangoon

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Affinity At Serangoon is a new development along Serangoon North Avenue 1 by Oxley Holdings featuring 1012 Houses, 40 Units of Strata Landed Home in addition to 5 systems of Industrial stores.

Affinity at Serangoon is the former Serangoon Ville (privatised HUDC estate) website that was sold en bloc to an Oxley-led Consortium. The joint endeavor company Oxley Serangoon, consists of partners consisting of Oxley Holdings, Lian Beng Group, Apricot Capital and entities of KSH Holdings and Heeton Holdings.

The purchase price for Serangoon Ville at S$ 499 million works out to a land rate of near to S$ 835 per square foot per plot ratio (psf ppr). This is lower than that of The Garden Houses at S$ 965 psf ppr, which is situated on the next plot of land at Serangoon North Opportunity launched under Federal government Land Sales.

The estimated break even rate will remain in the variety of S$ 1,300 and therefore the approximated asking price will likely be above S$ 1,500 psf.

With the lack of land sale from the government, developers will continue its pursuits of collective sales in order to replenish their land bank, and with that, we will continue to see constantly high purchase price being paid to the owners for en bloc advancement. This will continue till it reaches a point of saturation and collective sales activities will decrease. We must be seeing a downturn in the cumulative sales activities in the 3rd quarter of 2018 onward, as developers will not find it sustainable to be paying greater and higher premium that the owners need. As it is, we are already seeing the spike of the residential or commercial property rate when new launches from the formerly en bloc residential or commercial properties were launched for sale, and D19 is one of the very first district to experience the increase due to the high price that developers paid for the land. We visualize the job sales to be slow at the preliminary duration, possibly as much as the end of 2018, and the sales for brand-new apartment project ought to pick up in 2019, due to that lots of home purchasers need time to change to the spike in the brand-new condominium projects. They will accept the decision and make the purchase when purchasers realised that the market rates for brand-new tasks are all going up north.

For families who are preparing to have kids, or currently with children, Affinity At Serangoon is positioned in close distance to numerous renowed schools like Rosyth Primary School (within 1km), Zhonghua Main School (within 1km), CHIJ Our Woman Of Good Counsel, Hougang Primary School, Monfort Junior School, Xinhua Primary School, Xinmin Main School, Yangzheng Primary School, Yio Chu Kang Primary School, Nanyang Junior College and Saint Andrew Junior School

Surrounding Affinity At Serangoon includes a substantial range of mall, such as NEX Shopping Centre, Hougang 1 Shopping Mall, Heartland Mall, Hougang Green Shopping Mall, Midtown and Seletar Shopping mall, which provides lots of dining, shopping and entertainment choices to the residents.

Affinity At Serangoon condominium consists of 7 blocks that are 14-storey high with a total of 1,012 units, and 2 blocks of 3 Floor strata-landed houses with basement and 1 block of 2 Storey strata-landed with basement, an overall of 40 strata-landed houses. There are likewise 5 business shops on the first floor to deal with the resident’s requirements. The unit mix ranges from 1 bedroom to 4 bed room systems and 5 bedroom units are the strata landed housing.

For more information kindly visit Affinity At Serangoon

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