22/11/2024
Economic analysts predict a 4%-7% growth in Singapore's real estate market in the coming year.
The strong sales performance of projects like Chuan Park, Norwood Grand, and Emerald of Katong can largely be attributed to their strategic locations near MRT stations.
Looking ahead to 2025, two major upcoming developments, Aurelle of Tampines and Parktown Residence, are also poised to benefit from their prime locations close to the Tampines North MRT station.
Let me guide you through a detailed comparison of these two exciting projects:
Comparison of Aurelle of Tampines (Executive Condominium) and Parktown Residence (Mixed Development)
🏗️ Total Project Size
Aurelle of Tampines: 760 units
Parktown Residence: 1,193 units
🏢 Developer
Aurelle of Tampines: Hoi Hup & Sunway
Parktown Residence: UOL & Capitaland
🕒 Duration of Commitment
Aurelle of Tampines (EC):
Requires a 5-year Minimum Occupation Period (MOP) plus 4 years of construction, totaling 9 years.
Parktown Residence (Mixed Development):
Involves a 3-year Seller’s Stamp Duty (SSD) period, offering a shorter commitment.
💰 Loan Eligibility
Aurelle of Tampines (EC):
Subject to Mortgage Servicing Ratio (MSR), resulting in stricter loan limits.
Parktown Residence (Mixed Development):
Allows higher loan eligibility under Total Debt Servicing Ratio (TDSR), potentially up to double the loan amount.
🌍 Buyer Restrictions
Aurelle of Tampines (EC):
Exclusively available to Singaporeans and Permanent Residents, with foreign ownership permitted only after 10 years.
Parktown Residence (Mixed Development):
Open to all buyers, including foreigners.
🏙️ Advantages of Mixed Development
Parktown Residence:
Strategically located with MRT connectivity and integrated mall convenience, making it a popular choice for better rental yields and investment returns.
✅ Unit Mix
Aurelle of Tampines (EC):
Designed primarily for families, offering 3- to 5-bedroom units.
Parktown Residence (Mixed Development):
Offers a versatile range of unit types from 1- to 5-bedroom configurations, catering to both investors and homeowners.
Want to know more about this 2 projects ? Call me or WhatsApp me at 88264387 - Edrick Chooi
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