A four-bedroom HDB flat in Queenstown was sold for $653,000. The sale sets a new record for price per square foot (psf), amid the continuing demand for resale units.

The buyers, an Indonesian male residing permanently in the country and a Singaporean woman, could have purchased a condominium unit in the suburbs for the same price.

But the couple was won over by the location, which is just five minutes walk from Queenstown MRT station. The unit is also on the 40th floor, with unblocked views of the surrounding greenery from all windows.

The four-year-old 969 sq ft flat located at Forfar Heights in Strathmore Avenue, was sold above valuation for $68,000 - a level determined by an independent appraiser.

The price works out to $674 psf, which is 10 percent higher than the previous record of $609 psf achieved in January last year.

Source from www.propertyguru.com.sg

Hong Leong Finance (HLF) has reduced its rates for HDB home loans in a bid to compete better in an environment of low interest rates. However, it appears that some banks are even quicker on the draw.HLF revealed the previous day that its latest rate for HDB home loans are down by 0.50 percent compared to its last promotional rates.

Variable rates are now offered at 1.33 percent for the first year, 2.13 percent for the second and 2.83 percent for the third. These variable rates are based on a board rate, currently standing at 4.25 percent. The latest two-year fixed-rate package from HLF charges 1.63 percent for the first year and 2.63 percent for the second, which totals to 4.26 percent.

However, its rival DBS also has new lower home loan packages that are applicable to both private and HDB properties. Home loan rates have just been revised by the bank, said the spokeswoman for DBS.
The variable package of DBS also charges 1.675 percent based on a three-month Singapore interbank or Sibor, which is 0.675 percent, plus one percent for every year of the loan.

The variable rate for three years at OCBC is 1.66 percent each year and is based on a 4.5 percent board rate.

“OCBC Bank's home loan packages will remain competitive to respond to market conditions,” said OCBC Bank’s head of consumer secured lending, Phang Lah Hwa.

According to HLF, the largest finance company in Singapore, the new rates are for up to 80 percent financing and are applicable until the end of the year.

“The revision in rates is to ensure that our package is one of the lowest in the market,” the spokeswoman for HLF said.

“We hope that with the new rates, our customers will continue to support us and allow us to capture a bigger slice of the HDB market which is presently very active and healthy,” she added.

Source from www.propertyguru.com.sg

MCL Land and Ho Bee Investment last week sold a total of 51 units at their Parvis condominium located at Holland Hill at an average price of $1,480 per sq ft (psf).

What happened at Parvis was far from the recent trend, wherein the smallest units of a certain project are sold out first. At Parvis, the most number of units sold were four-bedroom apartments with 18 units, followed by two bedroom apartments with 15 sold units and the three-bedders with 14 sold units.
To address the buyer interest, Ho Bee and MCL even sold three penthouses, although these were not included in the first batch of 85 units they launched for the preview.

They are now planning to officially launch the project during the weekend. They will release more units at the freehold condo, which has 248 units. This 12-storey project is being constructed at the former site of Holland Hill Mansions.

Chong Hock Chang, the general manager of Ho Bee, revealed that Holland Hill Mansions’ former owners had already selected seven apartments.

Of the 51 units sold, 39 were bought by Singaporeans. Foreign buyers and permanent residents acquired the remaining 12 units; most of them from Malaysia, with some from Indonesia, added Mr. Chong.

The three penthouses sold comprised of two single-level units of 2,300 sq ft each, with three bedrooms priced at around $3.3 million each. It also included a duplex unit of 2,800 sq ft site area, with four bedrooms costing around $4.1 million. Singaporeans acquired the two single-level penthouses while a foreigner bought the duplex.

Last month, Ho Bee launched Trilight condo, a freehold development at Newton Road. The 30-storey project has already sold 61 units to date at an average price of $1,650 psf.

For more info about Parvis, please go to http://81895808.blogspot.com/2009/11/parvis-launching-holland-hill.html

Lastest News!!! 

MCL and Ho Bee sell 51 units at Parvis condo.

For more details: 

http://81895808.blogspot.com/2009/11/mcl-and-ho-bee-sell-51-units-at-parvis.html

• Unique courtyard design providing residents with a safe haven, a blissful sanctuary amid the hectic pace of modern urban life.
• Freehold, 12-storey luxurious development situated on a quiet hillside enclave off Holland Road.
• Prestigious District 10.
• All units come with private lifts.
• Fitted with top-of-the-line interior furnishing from Keramag, Grohe & De Dietrich, deliverying style with gracious sophistication.

Developer Name: Parvis
Property Type: Condominium
Tenure: Freehold

Developer: Ho Bee Group & MCL Land
Estimated TOP Date: September 2012



*Click above map to enlarge

• 5  minutes' walk to the new Holland Village MRT Station.
• Minutes' drive from Holland Village, Dempsey Hill and Orchard Road.
• A stone 's throw away from the neutral beauty of Singapore Botanic Garden. 
• Within 1km of Anglo-Chinese International School.
• Many prominent and educational establishment are well easily accessed.
  

*Click above picture to enlarge

• 50m infinity-edge lap pool
• Junior pool
• Landscape dip pool
• JacuzziWhirl Pool
  
• Alcove spa
• Spa pool
• Spa pavilion
• Summit sun deck
• 3-storey clubhouse with gymnasium, multi-purpose room and male & female changing rooms 
• Tennis court
• BBQ area
• Children's playground
• Fitness stations
• Meditation pavilion
• Cascading waterscape
• Infinity edge linear water feature
• Drop-off pavilion with security concierge

• Sanitary ware and fittings from Grohe
• Built-in kitchen appliances from De Dietrich

Availability


*Click above pictures to enlarge

Floor Plan (Click on Type to see actual floor plan)


2 Rooms
Type A           990 sq ft / 92 sq m
Type Ag-1      1,195 sq ft / 111 sq m
Type Ag-2      1,442 sq ft / 134 sq m

*Differences between Types Ag-1 and Ag-2 are in the sizes of the PES areas. The rest of their layouts are otherwise identical.

3 Rooms
Type B           1,701 sq ft / 158 sq m
Type Bg-1      2,002 sq ft / 186 sq m
Type Bg-1(a)  2,002 sq ft / 186 sq m
Type Bg-2      2,260 sq ft / 186 sq m
 
*Differences between Types  Bg-1, Bg-1(a) and Bg-2 are in the sizes of the PES areas. The rest of their layouts are otherwise identical.

4 Rooms
Type C           1,991 sq ft / 185 sq m
Type Cg-1      2,325 sq ft / 216 sq m
Type Cg-2      2,583 sq ft / 240 sq m
Type C1g-1    2,347 sq ft / 218 sq m
Type C1g-2    2,605 sq ft / 242 sq m

*Differences between Types  Cg-1 and Cg-2 are in the sizes of the PES areas. The rest of their layouts are otherwise identical.
*Differences between Types  C1g-1 and C1g-2 are in the sizes of the PES areas. The rest of their layouts are otherwise identical.

Penthouse
Type PH(a)    2,293 sq ft / 213 sq m
Type PH(a1)  2,293 sq ft / 213 sq m
Type PH(a2)  2,282 sq ft / 212 sq m
Type PH(b)    2,788 sq ft / 259 sq m
Type PH(c)    3,229 sq ft / 300 sq m
Type PH(c1)  3,229 sq ft / 300 sq m 



Units selling fast!!! Great for investment or self-stay.

No commission payable to me, I get my commission from developer.

If you are interested in this property or have any enquiries, please contact Alvin Er at (+65) 8189 5808 for a friendly discussion or an appointment for viewing.