LIV @ MB new residential launch by Bukit Sembawang
LIV @ MB is a freehold development well nestled in Arthur Road. People familiar with the area will know this is a pristigious address in prime district 15, famous for the rich locals and foreigners. Liv @ MB was the former Katong Park Towers which was enbloc.
Liv @ MB Condo is a 99 years leasehold residential development which will comprise of 240 units approximately, ranging from 1 bedroom to 4 bedrooms. The unit sizes will be good especially with Bukit Sembawang being the developers.
Singapore has always been a safe haven in South East Asia for living & working. With economical stability, good governance and security, many foreigners love to work in Singapore. Singapore is themed as Switzerland in Asia, as such the wealth will naturally flow into Singapore. With the foreigners having to snap up properties in Singapore, this has also made demand higher and lower the supply in recent years. This has made the government push for control with the Additional buyer stamp duty (ABSD) to be increased from 15% to 20% on top of the standard stamp duty of 4%.
Many buyers has been wanting to know if it’s the best time to get into the property market now. This burning question has casted many buyers to be on the fence. There is definitely no answer to fit all buyers, but its to do with affordability, requirement and appitite.
In fact, you could get some good deals during this period of crisis with core central region (CCR). There are some owners & developers who are willing to give attractive discounts in todays market due to individual situation. In fact its not all doom and gloom for owners in the prime districts as there are also units which are going at high prices alike one at Yong An Park for $10.1m, hitting one of the most profitable unit.
There has been a flurry of new launches in the East in prime District 15. Developers are more resilent to lowering the prices as the launches has been sold at its baseline without much profits. As such, with buying properties around this area will be good as we are certain that when we are out of the pandemic, and as the market picks up, developers will be revising their prices up.
LIV @ MB Showflat location is non determined yet but will be announced on a date soon. It should be close to the actual site. with a good showcase on their units with its known quality furnishing, fittings and the model of the exclusive project.
LIV @ MB prices is expected to be launched at its lowest at $2,200 - $2,300 psf. With its coveted residential address in prime district and nestled in low rise landed houses along Meyer and Mountbatten Rd, coming with its unobstructed panoramic views of the city skyline, the development will be sort after.