Among the ten projects, the most marked increase in lit units from May 2014 to May this year was at The Interlace. In September 2013, this development obtained a Temporary Occupation Permit. At 11th June 2015 the development consortium, composed of CapitaLand, The National University, Singapore and Hotel Properties, had sold 882 of the 1040 units. The spokesperson for CapitaLand said the majority of the buyers were Singaporean Nationals for Wandervale Sim Lian.
The twenty-four storey development, which is situated on the ex-Gilman Heights site in Depot Road, has two, three and four bedroom units as well as penthouses.
The number of lit units at four luxury developments, The Marina Bay Suites, The Vermont on Cairnhill, The Laurels and Goodwood Residence had not increased much between May 2014 and May 2015. The developers of these projects had sold many of the units to foreign buyers. The developer of one of the four projects, which is situated in a popular district stated that 31% of the units on the development had sold to foreign buyers, Indonesians being well represented among these buyers for Wandervale Sim Lian, buyers permanently domiciled in Singapore accounted for a further 29% of buyers, Chinese buyers were well represented among this group, 30% of Wandervale buyers were Singaporean nationals and 10% of the units were bought by companies.
Wandervale Choa Chu Kang Drive
The developer explained that the companies which own units use them as accommodation for visiting overseas executives. Their spokesperson also said that wealthy overseas buyers have the means to leave their units vacant, preferring not to rent them out, using them as second homes for their infrequent visits to Singapore. The developer’s spokesperson said that such owners arrange through the company’s concierge service prior to visiting Singapore to engage a temporary housekeeper to prepare their Singapore home for their arrival. Thus these vacation homes add to the dark windows in the developments for much of the time for Wandervale Sim Lian.
Sim Lian Wandervale
Head of residential leasing and ad hoc sales at Savills Singapore, Ms. Jacqueline Wong, said the Marina Bay Suites, three and four bedroom apartments and penthouses, attracts senior business people and those who travel in the region, but Wandervale EC Sim Lian situation in the Central Business district does not tend to attract families. She added that four bedroom apartments rent for between 9,000 and 15,000 per month and three bedroom apartments for between 7,000 and 9,000 Singapore dollars.