New condo Tanah Merah MRT station, list of condo projects. Price, floor plans & site plans. How it compare to other condo?
The Market Conditions
The market is getting stronger all the time. In fact, looking at the key development markets, it is actually becoming more competitive than ever. With a few exceptions like Japan and China (both of which are very late to the game), it seems that the global condo market is on a strong upward trajectory. If you think about it logically, we still have some way to go until we can say that there is an industry trend towards greater flexibility in our real estate market. The best way for startups to get a better idea about what’s hot and what’s not is to keep an eye out for what’s happening in the real estate market, as well as local developers who will be creating new projects.
If you are going to take advantage of this unique opportunity (condominium developments), it is important to have accurate price information, floor plans and site plans. What I mean by “price information” is: what will people pay for these condos? How many units can they buy? Is it cheaper just by unit or apartment? What does my location need?
It can be difficult to get accurate pricing information for condo projects because many developers don’t want to tell the full story of their product and are only willing to reveal their price range after they have sold units at above-market rates (generally speaking). This means that you will have no way of knowing how much your property might sell for before you start development — which leads me into my next point…
Price: The average price per sq ft should be $300-$350/sq ft for 1 bedroom condominium projects (this excludes land), $500-$600/sq ft for 2 bedroom condominium projects and $1,200-$1,500/sq ft for 3+ bedroom condominium projects.
As always with price, I would suggest taking into consideration your location (Singapore vs Malaysia vs Italy etc.) as well as whether you are selling condominiums versus allowing your tenants (or potential tenants) to buy them outright. You should also consider if you prefer larger spaces that cater more towards entertaining; whether or not there are parking lots; etc.
Having said all this, I find that there is a general consensus among developers on this – but beware . The reason why there isn’t much difference between “Average Price Per SQFT” from developer sites and from other sites I have seen is because most developer
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The Competition
Having been a resident of Singapore for the last 8 years, I am always looking at new places to live. I have read many articles and seen many photos online that show how much potential the city has.
Either you are interested in investing in a condo in Tanah Merah MRT or don’t want to buy one, this article will help you out:
- Grandeur Park Residences @ Upper Changi Road
- Bedok Residences @ Bedok
- The Glades @ Tanah Merah
- Urban Vista @ Tenah Merah
Location
Singapore is the most expensive city in the world. A lot of people are wondering what to do about their condo. One thing is for sure: no matter how much you spend, it’ll never be cheaper to buy a condo in Singapore than it already is.
The average price of a condo in Singapore stands at S$1,625,000 (or about US$1,600), and some projects have been priced even higher. But now imagine how much more it would cost if you were to buy a condo in Dubai or Kuala Lumpur instead.
What’s really interesting here is that as prices rise, more and more people are opting for condos as an investment — and even when they’re not buying them as an investment, they want to live in one because they need the affordable housing that comes with condominiums.
As such, many developers are looking at ways to make condos even better — with better amenities and design features — so that people can still buy them without feeling like they’re paying too much for something that nobody actually needs or wants to live in. This is why there are new developments popping up all over Singapore: big-name developers are building these new places because they know Singaporeans will be willing to pay for them (because we love high-end luxury).
One interesting development from the past few years was Tanah Merah MRT Station , which was designed by a new group of local architects called MOVE studio . It has a very open plan layout which makes use of natural light on the ground floor (with no spaces between units) and escalates up through several floors with spectacular views of the skyline (no hidden storage space here!). The entire development is also covered by an air-conditioned roof so you don’t have to worry about getting heatstroke during summer!
The Project Details
It looks like the developer is laying out a list of new condo projects right now. However, we have not heard anything on this particular project yet. It is also listed as a “new condominium”, which gives a hint at it being a development that is going to be built in the near future.
It appears that Tanah Merah MRT Station will be one of the next projects on their list, though there is no information on the latest status of it.
As always, please do comment if you know more about this project, or if you have any insights into them.
Conclusion: New Condo Tanah Merah
We are going to go through a few examples of projects here, and some questions you may have about them as well.
The first is a new condo that has just been planned for Tanah Merah MRT Station in Singapore. This will be the second new condo project to be built at that station; it is the third project that has been approved by the Urban Redevelopment Authority (URA) since the start of 2015.
The developer here is Pinnacle Homes, and the site plan looks good from afar. It doesn’t look much changed from what you see in the photos above, which was posted on April 6th. However, there is one thing which I think needs to be pointed out: although it seems like all four towers are planned for a height of 100 metres (depending on where you stand), I’m not sure why they are all listed as 100 metres high. If they were all supposed to be 100 metres high, they would have said so in their proposal documents. Instead, they use “100m high” as one of their tower heights, but then list all four buildings at a height of 60m or less (and some buildings above 75m). It doesn’t make sense.
This is another example of a project that was announced early on in its development cycle with little detail about it or any explanation about why its design isn’t currently being used elsewhere around Singapore or beyond. That doesn’t mean this isn’t a great building: it certainly looks very nice from afar and could be an architecturally interesting building if built with care and thoughtfulness! But it should have been presented better from Day 1 onwards — we need to know more about this particular project!
