Property in Singapore: HILLVISTA CONDOMINIUM (NEW T.O.P. Nov 2010)

Wednesday, September 29, 2010

HILLVISTA CONDOMINIUM (NEW T.O.P. Nov 2010)

FREEHOLD
Stylish Balinese resort ambience
Located within the residential enclave of 1 Elizabeth Drive
Future Downtown MRT line- Hillview MRT station is mere minutes walk away
Ample of shopping mall nearby
In between Bukit Batok & Bukit Timah nature reserves

Located within the prestigious & serene Hillview residential enclave of 1 Elizabeth Drive, it is strategically located between 2 nature reserves of Bukit Batok & Bukit Timah providing perfect sanctuary for those seeking pure tranquility.

With its stylish Balinese resort ambience, Hillvista is a retreat for you to rejuvenate right in the comfort of your own home. The graceful poetry of water features at the main entrance will enchant you as you arrive. Natural colours & materials have been blended to harmonize with the environment. A variety of materials are cleverly used in the exterior & interior of each of the 127 FREEHOLD apartments.

Shaded by verdant foliage, the enchanting Hillvista is an ideal choice for those looking for luxurious facilities. Fashioned like a peaceful nature retreat on the outside, Hillvista is filled with landscape gardens of exotic tropical shrubs, each carefully cultivated.

Space & versatility were two of the words that came to mind when designing Hillvista. With the option of an open plan dry kitchen, the dining, living & cooking areas can be integrated - if you so wish - to make culinary events a sociable affair.

Sit back & relax under the timber trellises or at the Balinese pavilion. Feel the tranquil moment simply at home and away from the hustle & bustle of everyday life. Future Downtown MRT line- Hillview MRT station is mere minutes walk away. Live the resort life, only at Hillvista.

Nearby Amenities:
• Bukit Timah Plaza
• King Albert Park
• Beauty World Plaza
• Bukit Timah Shopping Centre
• Rail Mall
• Bukit Timah Nature Reserve

Property Facilities:

• Koi Pond
• Jacuzzi with Trellis
• Pools
• Gymnasium
• Jacuzzi
• Dining Pavilion with BBQ Pits
• Aqualounges

• Dining Pavilion
• Garden Pavilion
• Spa Pavilion
• Children play area
• Sunning Deck
• Fitness Station
• Foot Reflexology area

For more information, please contact me at +65 97938778 or email at property@ckgroup.sg

No comments:

Post a Comment

GOOD CLASS BUNGALOWS

Buying the ultimate home

With only about 2,400 units of good class bungalows in the market, almost any GCB would be a rare find.

By Arthur SimPublished: August 13 2009,The Business Times
THEY are wealthy and successful people who can probably afford to buy any home they want, but many of them are being drawn towards good class bungalows (GCBs). There are only 39 designated GCB areas in Singapore and Binjai Park is one of them.

However, these areas are not all equal. Some GCB locations are more prestigious than others. For instance, the current asking price for GCB land in the Nassim area is between $1,500-$2,000 per square foot (psf) whereas in Chestnut Drive, GCBs have been known to have transacted at around $550 psf.

There are also pros and cons to buying either an old bungalow or a newly built one. 'Some old GCBs have unique architectural features and come with a rich heritage. Buyers, however, have to be prepared to set aside some money to refurbish and upgrade the building and fit it out with modern conveniences,'

New buildings, he says, can be tailored to specific tastes but also be expensive. But what usually pushes up prices is the location. A martial arts movie star who picked up a GCB at Binjai Park for $19.8 million at around $871.36 psf earlier this year appears to have gotten a good buy. It was reported that the seller of the house had incurred a loss of $1.2 million on the deal, having bought the property in early 2007 for $21 million, or $924 psf. The selling price for a newly built GCB will generally be higher than that of an old GCB. 'The choice normally depends on whether the buyer is price sensitive,'. A new house might take as long as two years to build although it is more likely to be built to the owner's precise specifications.

If one is looking for exclusivity, the most expensive GCBs are generally in the Nassim and Lady Hill areas. This is followed by those in the Tanglin vicinity such as the Rochalie, Bishopsgate and Chatsworth areas.On the prices, GCBs in the Tanglin vicinity range from $1,200-$1,400 psf for the top of this category.

'Other popular GCB areas are in the Swettenham, Pierce, Dalvey, Cluny Park areas where prices can range from $1,100-$1,300 psf', '1,000 psf is the standard price for an average GCB. Prices have been moving up over the last six months. Permanent residents are permitted to buy landed property, but only with permission from the government. Foreigners cannot easily buy a GCB or any other landed home here as the government restricts foreign ownership of residential property. However, foreigners who take up Singapore citizenship may buy landed property. The exception to the restrictions is the gated residential enclave of Sentosa Cove, where ownership rules were eased to allow foreigners who are not permanent residents to buy landed homes or land plots, though permission is still needed.

Apart from some restrictions on ownership, one of the common misconceptions when buying a GCB is that some buyers unknowingly pay a premium for a home that actually falls outside the designated GCB areas. 'Some buyers think that as long as a bungalow has a land area of 15,070 sq ft, it is considered a GCB, not knowing there are only 39 designated areas,' he added. Before buying any home, it is also useful to do some checks. For instance, it is useful for a surveyor to be called in to assess and ascertain the site boundary for issues such as encroachment. A structural surveyor or engineer can also be engaged to assess the structural integrity of a house, especially if it is an old or conserved bungalow. It is also important to check with the relevant authorities about possible drainage and road reserves as this could affect the the boundary setbacks. Finally, the terrain, shape of the site and frontage are other physical characteristics that are important, especially if one is going to build a new house. But with only about 2,400 units of GCBs in the market, almost any GCB would be a rare find. 'The majority are owned by the who's who - and are seldom placed for sale in the market. On the contrary, there's an increasing pool of buyers made up of high net worth individuals, GCB collectors as well as permanent residents who are looking to buy GCBs for their own use,' he adds.

GCB buyers are a discerning group of investors who also have a different view on what makes a good investment. 'Yields are not part of the investment criteria - which is typically less than 2 per cent,' said Mr Han. Instead most see GCBs as a good long-term asset class of investment, 'especially in land-scarce Singapore where land value appreciates over time'. And Mr Han believes that the outlook for GCBs is also good.