Serangoon North Avenue 1 Is The Place To Go
Affinity At Serangoon condo is a new apartment advancement along Serangoon North Avenue 1 by Oxley Holdings, featuring 1012 Houses, 40 Units of Strata Landed House along with 5 units of Industrial stores.
Affinity Serangoon Condo is the former Serangoon Ville, a privatised HUDC estate that was offered to an Oxley-led Consortium via collective sale. The joint endeavor firm, Oxley Serangoon, makes up strong partners, consisting of Oxley Holdings, Lian Beng Group, Apricot Capital and entities of KSH Holdings and Heeton Holdings.
The purchase rate for Serangoon Ville at S$ 499 million works out to a land rate of close to S$ 835 per square foot per plot ratio (psf ppr), and this is lower than that of The Garden Residences at S$ 965 psf ppr, which is situated on the next plot of land at Serangoon North Opportunity launched under Government Land Sales.
The approximated break-even rate of Affinity Serangoon Singapore has to do with S$ 1,300 and for that reason Affinity At Serangoon Price (Affinity Serangoon Price) is offering at an average of S$ 1,500 psf in the market now.
For households who are planning to have children, or already with children, Affinity At Serangoon Singapore is sited in close proximity to numerous famous schools like Rosyth Main School (within 1km), Zhonghua Primary School (within 1km), CHIJ Our Lady Of Good Counsel, Hougang Main School, Monfort Junior School, Yio Chu Kang Primary School, Nanyang Junior College and Saint Andrew Junior School, Xinhua Main School, Xinmin Main School, Yangzheng Primary School.
Surrounding Affinity At Serangoon location includes a range of mall, such as NEX Shopping Center, Hougang 1 Shopping Center, Hougang Green Shopping Center, Heartland Shopping Mall, Midtown and Seletar Shopping center, which provides lots of shopping, dining and home entertainment options to the residents.
Affinity At Serangoon layout makes up of 7 blocks that are 14-storey high with a total of 1,012 units, and 2 blocks of 3 Storey strata-landed homes with basement and 1 block of 2 Storey strata-landed with basement, a total of 40 strata-landed homes. Affinity At Serangoon floor plan is fantastic, and you can hardly find any new launch that has a efficient and great design like Affinity Serangoon floor plan can provide.
With the absence of government land sale, developers continued its pursuits of cumulative sales in order to renew their land bank, and with that, we see constantly high purchase price being paid to the owners for en bloc advancement. The scenario of high collective rate continues till the government releaseded a cooling measure on 5th July 2018 that increases the Additional Purchaser’s Stamp Duty in fear that the home market will spiral out of control and crash. The Additional Buyer’s Stamp Duty was increased by 5% throughout the board and designers were struck hard, having to pay 30% ABSD upfront for collective sale, and if they are not able to sell off the task in 5 years time, 25% of the ABSD will not be reimbursed. This impacts sites with large land size as designers may not be confident to sell off all the units within 5 years, considered that ABSD for private purchasers has actually also been increased, thus moistening sales. We must be seeing a stabilised residential or commercial property price, and will be anticipating a slow however consistent growth with this cooling procedure in hand.