If you’re thinking of buying a new condo in Singapore, you’ve probably asked yourself “Why are investors attracted to Jurong New Launch Condos?” Here are a few reasons: first, early buyers get a discount on the completed product. This discount is usually around 10 percent, but it can be even higher. Secondly, prices increase as more units sell. These increases are called Price Amendments.
Located near the Mayflower MRT station, the AMO Residence has a convenient location for commuters. It is also close to several education institutions, including Eunoia Junior College and Mayflower Secondary School. This location makes it ideal for families with children.
The project was developed by United Venture Development (2021) PTE. LTD., which is a joint venture of the UOL Group, the Singapore Land Group and the Kheng Leong Company. The company is backed by the Singapore and Malaysian governments, which mean that the developer is committed to making the project as good as it can. It also has zero land cost, which makes it a perfect buy for investors and homebuyers who are on a tight budget.
The new launch condos in Jurong will also be part of a mixed-use development with a 96,000-sq-ft commercial podium. Investors can purchase units that are between 657 and 1302 square feet. The development also plans to build 12 retail shops on the ground floor. The price of these units starts at S$1.31 million for a two-bedroom unit.
MCL Land group
The MCL Land group has successfully built quality homes in Malaysia and Singapore. Its projects include the Estuary, UBER 388, Este Villa, Terrasse, Palms @ Sixth Avenue and Hallmark Residences. Its other developments include Ripple Bay, LakeVille, Sol Acres, Margaret Ville and Parc Esta.
Jurong Lake District is undergoing massive development. New launch condominiums in the area are expected to yield high returns. The LakeVille condo, which is close to Jurong Lake, will feature a modern lifestyle. It is expected to be completed in early 2020. The location is ideal for home buyers who want to live close to nature. It is also expected to offer first-class amenities.
The new launch condo is located near several popular areas in Singapore, including the Queenstown MRT Station and the Orchard Road MRT station. The development will be built on a 2.2-hectare site and offer up to 615 units. This project is a joint venture between the MCL Land group and City Developments Limited, and will be near a number of major public transport interchanges.
Jurong New Launch Condos are an attractive option for investors. Compared to resale properties, they have lower maintenance costs. In addition, buyers can choose their preferred location and floor. Developers also offer various incentives and freebies to entice buyers.
Jurong Lake District is undergoing a transformation, and property investors and home buyers are looking for opportunities to tap the growth of the region. There are only a few new launches in the area in recent times, but developers are seeing an opportunity to tap the growing demand for housing in Jurong.
This site is also near the Yuhua Market and Hawker Centre, Blk 505 Jurong West Street 52 Market and Food Centre, and Boon Lay Food Village. In addition, the development also has good schools in close proximity.
Singapore Land Group
The Singapore Land Group has a vision to create a mixed-use city with a mix of residential, commercial and educational amenities. It is aiming to develop 120 hectares of land around Jurong Town Hall Road by the early 2030s, which would contribute to 20,000 new residences and 100,000 new jobs. The site would also be serviced by four major rail lines by then. In addition, the development site is nearby the Chinese Garden MRT station and the upcoming Science Centre.
The project will consist of 287 units spread over six to eight storeys. There are also plans for 12 retail shops to be located on the ground floor of the project. The price range of these units varies from S$1,190 to S$1.31 million, depending on the size and location of the unit.