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Fantasia came in top bid at Lorong 1 Realty Park land sales that is zone for landed property. The new development Parkwood Collection set to launch 3rd quarter of 2018. Will this be worth the price?
Well, if it priced about $3 million, there’s a few that you can compared with over at Ang Mo Kio Avenue 5 like Nim Collection, Luxus Hill or Watercove at Sembawang. The latest new landed at East Coast, Cayman Residences reported to be selling at $4.x million.
Landed Sites sold by URA
Over past few years, there’s isn’t much site sold by URA that is zone for Landed Property. While there are regularly new site sold by URA zone for condo, there’s isn’t much zone for landed property. In fact, there’s only 3 since 2010 which is the currently Victoria Park Villas, Michaels Residences and Haus @ Serangoon. All these landed developments are 100% fully sold by developers.
That probably explained why this site drawn total of 11 bidder in this highly contested site at lorong 1 realty park as its rare to get a site zone for landed property
Buying New Landed Versus Resale?
Should you buy new landed property from developer or resale in the open market? Open market price may differ much or might even be cheaper. There’s a few differences which you might wana weight to factor in your consideration.
Firstly, resale landed you can rebuild to your own architecture or design as you deem fit while new landed especially in strata landed, you can’t change the outside facade.
Secondly, upfront cost varies. new landed cost has got progressive payment. Other than that, upfront is the same as resale property. The main differences in the upfront cost comes in renovation. For a new landed property, the renovation cost can be minimum as the unit as done by brand new, probably just some furniture, lightings and curtains, which probably can be done about 100k, depending on the extensive of the renovation.
For a resale landed, the renovation cost can potentially include rebuilding the landed property, extension of another level, building attic etc. All these cost can add on potentially from 300k to $1m depending on the extensive and furnishing, on top of your property upfront payment. On top of this, new landed property has a 1 year defect liability provided by developer.
Multi Generation under One Roof
Parkwood Collection strata house is ideal for multi generation under one roof with its 3 storey build up and private lift within the unit. It is elderly and handicap friendly. The 3 levels also promote family bonding and also quiet moments if they want, all at their own choice. Living area and dining area facilities dining together as a family. Young couple can retreat to their own rooms or even their own level if they need that privacy.
Spacious layout within the unit promote luxury living of space, while enjoying the privacy from neighbours or even your family members.
About Fantasia Investment
It’s no secret that Fantasia Investment, Sun Renwang and Yang Xinping are China-based developers, having the former as a subsidiary of the famous Fantasia Holdings Group Co. Limited.
In which the Group had began its series of property operations since 1996 lead by the current CEO Miss Zeng Jie, known for her intensive performance in real estate management and innovation and best known to be China’s former Vice President’s niece, VP Zeng Qinghong.
Through its growth in the industry, the company’s shares were included in Hongkong Stock Exchange since 2009 and extending its works towards Singapore having 6 Derbyshire as its first condominium development created. Now, this high rise residential development has sold more than half already of its 168 units at the sought after enclave of Novena district.
Fantasia spans its works in 6 segments which includes property sales and development, hotel services operations, travel and tourism, property agency, property operations and property investment such as leasing residential and commercial properties and the likes.
With its remarkable performance across the Southeast Asia and in Singapore having expanding its real estate operations, Fantasia is sought to continuously deliver higher than the norm when it comes to work performance, satisfaction and quality for the years to come.