Developer's Website for Botanique At Bartley - a new condominium by UOL next to Bartley MRT station. View Botanique at Bartley floor plans and eBrochure here
Botanique at Bartley presents the lastest condominium at Bartley Road Singapore. The condominium is proudly developed by UOL GROUP LIMITED - a reputable developer in Singapore
Botanique at Bartley is located within an established residential estate and near the Bartley Mass Rapid Transit (MRT) station. Future residents at Botanique at Bartley will enjoy convenient access to all parts of Singapore via the MRT system and major expressways such as the Central Expressway and Pan Island Expressway.
The successful launch of two condominium projects in March has lent a boost to new-home sale transactions in Singapore.
This has also reinforced the market's belief there remains strong underlying demand for good-quality residential properties at the right price, despite the quiet months of January and February.
According to data released by the Urban Redevelopment Authority (URA) on Friday, developers sold 843 private homes last month, close to triple the 303 units sold in February.
About 682 units were launched in March, more than three times the 209 units launched in February.
JLL national director Ong Teck Hui said: "Market confidence seems to have returned following the stock market volatility in the earlier part of the year and the Chinese New Year lull.
"New sales take-up in Q1 2016 stands at 1,470 units, some 12 per cent higher than the 1,311 units which developers sold in Q1 2015. We now have to observe whether sales volume in the primary market has bottomed out and is on the path to recovery."
CapitaLand's 268-unit Cairnhill Nine sold 177 of the 200 units launched, at a median price of S$2,441 per square foot (psf), thanks to the project's attractive location near Orchard Road and digestible price quantum.
The Wisteria, which launched all of its 216 units, sold 125 at a median price of S$1,112 psf, given its appeal as part of a mixed development. It comes with a lifestyle mall.
Other top-selling private residential projects in March were The Poiz Residences (59 units at a median price of S$1,475 psf), Kingsford Hillview Peak (43 units at a median price of S$1,289 psf) and Botanique at Bartley (31 units at a median price of S$1,302 psf).
Inclusive of executive condominiums (ECs), a public-private housing hybrid, developers sold 1,328 units in March, more than thrice those sold in February. Some 1,216 units, including ECs, were launched, compared to just 209 in the preceding month.
This was mostly due to the launch of Sim Lian's Wandervale EC, which sold 292 of its 534 units at a median price of S$770 psf.
The other better-performing ECs in March included The Terrace (36 units at a median price of S$785 psf), The Brownstone (27 units at a median price of S$831 psf) and Sol Acres (26 units at a median price of S$791 psf).
Consultants noted pent-up demand in the private-home market, which they say surfaces when buyers perceive good deals.
In the past few years, in the absence of good options, many buyers had chosen to wait on the sidelines for prices to fall further, or for the property cooling measures to be removed, both of which did not happen.
Now, with the government's reiterations that the measures will remain for a while, this could have prompted some buyers to finally be more decisive in acting on the purchases, he said.
"The sales pick-up for these developments in March is poignant enough to reflect an improvement in sentiment and demand," Mr Ong noted. "If this trend continues, it would result in improvements in both launches and sales take-up in Q2, and that may pave the way for further moderation in price declines in 2016, compared to the last two years."
PropNex Realty CEO Ismail Gafoor also expects strong sales volume in Q2 with the upcoming condominium launches of Gem Residences, Sturdee Residences and Stars of Kovan.
Two new ECs, Parc Life and The Visionaire, are also slated for launch this month.
Meanwhile, Mr Ismail believes developers will be adjusting their pricing strategy to continue moving units in their past launches.
After the slowdown for Sales of new launching in October, in November, according to Barclays, the jump is seen in all. There is an increase of 39% month-on-month and 79% year-on-year in Sales that brings 2015 Sales in first 11 months to 7,144 units.
The perspective sign is attributed to Brisk sales at launch of MCC Land- The Poiz Residences near Potong Pasir MRT Station with 277 units out of 731 launched units for sales snapped up at an average S$1,440 per square foot.
In addition, earlier-launched projects such as Sky Vue, Botanique at Bartley and Commonwealth Towers continued progressive sales at suburban projects with good location and affordable prices have still got the attraction among home-buyers with some pick-up in sales this month. This proves that underlying demand still strong if the price is attractive.
Meanwhile, Leedon Residence and Robin Residences- high-end large quantum projects have got steady sales.
Among above best seller, you should take the first glance on Botanique at Bartley by UOL Group Limited - an impressive project along the junction of Upper Paya Lebar and Bartley Road. This luxury condo near Bidadari Estate sold 30 units in November at a median price of 1,290 psf. It's currently 73% sold.
Amid persistent industry lobbying for the lifting of property cooling measures, the government has reiterated its view that it remains premature to do so. The Real Estate Developers’ Association of Singapore (Redas) has warned of a potential downward price spiral given the supply deluge and rising vacancy rates. But there have been mixed signals from property launches last year, with some projects seeing strong interest while others were met with a cold reception. Here, BT looks at what’s hot and what’s not in 2015.
The 1,390-unit project in Fernvale Road – by Chip Eng Seng unit CEL Development, Heeton Homes and Kim Seng Heng Realty – proved to be a hit as it was priced to sell, with the majority of units costing less than S$1 million. Nearly 1,100 units were snapped up during the weekend alone at an average price of S$970 per square foot (psf). Developers changed the price list during the launch weekend in face of overwhelming demand, a practice more commonly seen in a hot market. Chip Eng Seng executive director Hoon Tai Meng told BT that not only the small units sold well but also the big units, owing to pricing, facilities and location.
For the Frasers Centrepoint project, an estimated 30 per cent price premium associated with higher construction costs from the integrated project with access to a transport hub did not turn buyers off. Agents say it stood out as a community product with civic amenities like the library and the bus interchange. Prices of units sold last year averaged S$1,363 psf.
Besides being part of a mixed-use development, The Poiz Residences by MCC Land also benefitted from its proximity to Potong Pasir MRT, as well as the new Bidadari housing estate. Prices were set at an average S$1,380 psf. To keep quantums affordable, some 65 per cent of the residential units are one and two-bedroom units ranging in area from 420 sq ft to 1,259 sq ft.
With a total of 1,327 units, Sol Acres by MCL Land was the largest EC project to go to the market and the best-performing EC project last year. It is also the first EC to have one bedroom units. But despite prices starting from a palatable quantum of S$356,000 for the one-bedders, there have been few takers for the 495 sq ft units, according to the developer. Agents note that small EC units are not attractive as ECs mainly attract HDB upgraders who are buying for owner-occupation due to the five-year requirement for minimum occupation. It would be highly unlikely for a young couple to buy a one-bedder unless they are bent on not having children in the first five years.
This city-fringe project by UOL Group has seen healthy sales arising from strong product attributes, efficient layout and design concept, according to agents. While the project’s price point is significantly above S$1,000 psf, the developer has concentrated on smaller units to ensure palatable quantums. More than 70 per cent of the 797 units in Botanique at Bartley are priced below S$1 million to ensure their affordability.
This project by CDL is the only new EC project located next to an upcoming MRT station (the new Canberra station on the North-South Line), which will be up and running by the time the project is completed. It also benefitted from being one of the first few EC projects to be launched last year.
The timing of launch for The Criterion was deemed unfavourable, being the last EC project to be launched last year just slightly after JBE Holdings launched an adjacent project, Signature At Yishun, at competitive pricing. One agent likened this to being “the last person to sit down at the dining table when all food is gone”. The sheer number of EC launches last year has also caused some dilution in take-up rates across ECs.
Despite keeping prices affordable at S$671,000 to S$1.1 million by not having private enclosed spaces (PES) and balconies to reduce total saleable area, EL Development sold only 62 of the 660 units in the first two months of the launch in February. EL Development managing director Lim Yew Soon conceded that the project faces “a lot of challenge” from North Park Residences. Given Symphony Suites' distance to the Yishun MRT station, it targets mainly families and does not offer one-bedroom units.
Sales at the 106-unit project at Farrer Drive in District 10 have not gained traction despite the developer applying a 15 per cent discount across its units, which translates to average prices of S$1,900 to S$2,000 per square foot (psf) after discount. Since May, it also offered indirect (non-price) discounts ranging from 2 to 5 per cent. The project has to be completely sold by 2017 to qualify for the remission of additional buyer’s stamp duty on land cost.
The three first Housing Board (HDB) residential property in Bidadari Estate that is not far from Botanique at Bartley including Alkaff CourtView, Alkaff LakeView and Alkaff Vista will be added prime green features: airy lush view, social spaces in line with the area's vision of being "a community in a garden".
Three hot projects launched this month, will house 2,139 high-end flats and are slated to complete between 2019 and 2020. The significant presence of 10 ha Bidadari Park, lake and market square (ensured with the occupation of a food court and bus interchange), among other things nearby will never leave future residents of HBD Projects as well as of Botanique at Bartley with unwanted surprises.
Just 5-10 minutes walking to get to Woodleigh and Potong Pasir MRT stations from all above launches, Cedar Primary School and Cedar Girls' Secondary School are also in the vicinity
All above HDB launches will enhance a well-balanced living with pedestrian walkways flanked by social facilities and shops, roof gardens, elevated walkways and landscaped lift lobbies that extend out of the block facades for scenic views. Alkaff CourtView will also have garden courtyards and a veranda for community activities.
Bidadari's green features extend to its "car-light" planning.
Within the estates, there are always available opportunities for outdoors activities, taking into action for all tenants with the safety and convenience in mind. Walking and cycling is encouraged to use instead of car-driving. A 1.8km park connector from Punggol to Kallang through the estate along with Car- and bicycle-sharing schemes will be the excellent boons for the ownwership.
Spanning 93ha, roughly the size of 150 football fields, Bidadari estate is bounded by Bartley Road, Sennett Estate, Upper Serangoon Road and Mount Vernon Road. New three projects of the estate will offer additional urban amenities and green spaces right next to all Botanique at Bartley @ Upper Paya Lebar Road.
Despite once being the site of a cemetery, Bidadari's central location in Toa Payoh town makes it one of the most anticipated sites in this month's bumper flat launch. Thus, there is no wonder that Botanique at Bartley - one of the most highly sought-after Condo close to Bidadari got Top 2 New Launches in Singapore, AGAIN!
A total of 7,000 BTO flats in Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol and Sengkang will be available for selection. Another 5,000 balance units not sold in previous exercises will also be put up for sale.
Take a virtual tour on Botanique at Bartley to know Why The Property value-for-money
Stars of Kovan is An Exciting mixed development located along Upper Serangoon Road and Tampines Road in District 19 Singapore. Developed by renowned developer Cheung Kong Holdings, Stars of Kovan offers 395 Residential units and 45 Commercial units. Please visit our Official Website to get more details Now!!!