Upcoming Gem In The North: The Commodore condo By JBE Holdings

By Hora Kou

The Commodore condo at Yishun Canberra, the upcoming remake of Canberra Condo, developed by JBE at the District 27 site, will hit the market in the third quarter of 2021. After five bids, JBE was awarded the contract for the 133,153 sq m Canberra Drive Parcel A site with Oasis Development having the highest bid of $129.2 million (£64.4m). Parcel B received four bids in 2020 from UOL (controlled by United Venture Development), which placed the highest bid at $270.2 million (65.0 PSF / PPR). Canberra Drive Plot A can accommodate 220 residential units.

The Commodore condo has 220 units in total. Its underground car park is full of condominiums. Commodore Canberra is a 2-minute walk from MRT Canberra.

The Canberra MRT

Commodore residents enjoy the convenience of new amenities such as Canberra Plaza, a neighborhood center with shops, supermarkets, grocery stores, fortification centers, childcare centers and education centers. Nearby amenities such as restaurants, entertainment and shopping centres are also within walking distance.

The term of office is 99 years and begins on 9 March 2020 with a temporary work permit, which should be completed by 2025.

As already mentioned, The Commodore condo at Canberra is only 200 metres from Canberra MRT. If you stay with Commodore Canberra you will benefit from new railway lines and developments. From MRT you have five stops at the Bishan Interchange where you can access the Circle Line as well as stops at the Downtown Line and the North East Line. They will also have three stops at Woodlands MRI station, where the long-awaited Thomson East Coast Line will be built. By 2024, the park will be within walking distance of the northeast side of Singapore.

Bus stops at Commodore Canberra and Canberra Drive are 169, 169A, 117 and 883. The 169 runs in two directions from the Woodland Temporary Interchange to the Ang Mo Kio Interchange and vice versa. If you take bus stop 169 to the condominium, you can take the Mayflower Secondary School and Ang mo Kio Primary School to Yishun MRI Station.

Bukit Canberra is a 5-minute walk from Commodore Canberra. In the first half of 2020, residents will be in Bukit Canberra, a newly built condominium in the heart of the CBD. The building is formed around the existing site, highlighting hilly characteristics and lush vegetation, and integrates various facilities to enhance existing greenery and biodiversity, so that users can enjoy its peculiarities and natural environment while bringing with it flora and fauna. In this gated community, Commodore residents can look forward to facilities such as a sports hall, falconry centre, polyclinic, senior citizens centre, green spaces, community agriculture and lifestyle-related amenities for their lush and natural surroundings.

The Commodore Location Map taken from https://www.newlaunchportal.com.sg

Running trails with varying degrees of difficulty lead through the various scenic junctions and offer a variety of experiences. Traditional orchards and forests present a variety of fruit trees and food crops so that the community can grow its own plants in the community garden. A forest buffer on the edge of Bukit Canberra has been preserved in line with the existing vegetation on the site. The forest was planted to mature into a secondary tropical rainforest with flourishing biodiversity, which in a certain way complements the surrounding national parks.

Once completed, the North-South Corridor (NSC), Singapore’s longest priority transit corridor with dedicated bus lanes, cycle and pedestrian lanes, will connect the northern region with the city centre. Commodore residents will enjoy the benefits of the corridor by serving the public, bus commuters and active mobility users (pedestrians). The corridor has been designed to support our Car-Lite vision and provide bus commuters with a refreshing commuter experience. The corridor will reduce traffic on CTEs and major arterial roads such as Thomson and Marymount roads.

With dedicated and continuous bus lanes in conjunction with right of way signals, bus commuters can expect an average travel time saving of 10-15 minutes. Active mobility users and pedestrians will also benefit from NPCs cycling and walking trails. These will connect park-and-connector networks, local cycle lanes and HDB cities along the entire corridor, improving connectivity for both active mobility users and pedestrians.

The Government Land Sale (GLS) program attracted a total of five bids, with the bid for MCC land at $124.9 million. Oasis Development Pte Ltd and JBE Holdings Group emerged the winners from the GLS by submitting the highest bid of $129.2 million, equivalent to 64.4 feet (PSF / PPR) of land. They are the developers of Commodore.

JBE Holdings is a renowned boutique developer with a rich portfolio of luxury developments, including the luxurious SkyParks Residence EC. The Commodore is a future residential building with 220 residential units on five floors with a maximum height of 40 meters. It is the smallest of the two on the Canberra Drive site and provides developers with a great opportunity to develop an exciting product. With their level of experience the inhabitants of the Commodore look comfortable enough to stay there.

Life in Commodore offers you easy access to a wealth of amenities. The accessibility and connection to the MRT in Canberra is excellent, the MRT station is just around the corner. The Commodore is located in a strategic location within walking distance (6 minutes) of the Mrt, which means a smooth path for the residents. The proximity to the MTRs North and South MRT lines allows residents to commute to the CBD in less than 30 minutes.

Commodore residents have two ways to get into the city centre. Bus stops are armed to access the CBD from Canberra Drive. From Canberra Drive, car owners are connected to 2 Yishun Avenue and Sembawang Road, two streets connected by the Seletar Expressway (SLE). The other major expressways (BKE and TPE) are also accessible.

Seletar Expressway

Sembawang and adjacent areas such as Upper Thomson, Senoko, Admiralty Woodlands, Yio Chu Kang and Ang Mo Kio are within easy reach. The upcoming North-South Corridor (NSC) is due to be completed by 2026 and its addition will reduce congestion on SLE, CTE and Lentor Avenue and facilitate faster access to the area.

Earn Your Money Through Real Estate Investment

By Hora Kou

Anyone who has experience as a real estate investor knows that the secret to earning high returns in real estate is to buy property at a fair price or a discount. You don’t have to pay a dealer to expect a good return. The selling price for an inexperienced homebuyer buying a property to live in is illustrated by up-to-date sales of similar properties in the area.

The way an investment property is used can have a significant impact on its value. Investors should conduct a study to determine the best and most profitable use for the property. These is referred to as the properties with the highest use-value. An investment property can generate income, but it is not a primary residence.

Investors often use an investment property in this manner. For example, suppose an investment property is to be used for commercial and residential purposes. In that case, an investor weighs the pros and cons of both uses as they determine the highest potential return.

An investment property is a property purchased to earn a return, rental income, or a future resale of the property. Investment properties can be long-term endeavours or short-term investments. Individuals can hold real estate, investors, investor groups, or corporations.

Real estate investors see significant returns on investment properties in today’s market, so savvy investors calculate their approximate return (ROI) when purchasing a property. To calculate your ROI (real estate investment potential), follow the steps below.

Suppose you buy a property worth $200,000 that you rent out for $1,000 per month. Assume the property costs $500 per month in maintenance fees and taxes. Your total potential income from the property over $1,000 for 12 months would be $12,000. Subtract your operating expenses, and your unlimited rental potential is $10,000 ($6,000 – 6,000 net operating income).

Real estate is the best way for savvy investors to diversify their portfolio. The biggest bonus of real estate investing is the cash flow or monthly income that investors can generate from renting out properties to cover their expenses. Your cash flow will grow over time as rents increase with inflation and your mortgage payments stay the same.

The best tax break is that real estate investors can deduct all sorts of expenses from their taxes, including mortgage interest, depreciation, property taxes and more. Unlike the low-risk stock market, the real estate market is not subject to the same volatility as the stock market. You won’t have the same earning potential, but you can expect a steady increase most of the time. With a steady cash flow, you’ll have enough rental properties to go around, and you’ll generate a constant source of income for your business.

Fixing up a property isn’t easy, but essential maintenance is a regular task you should keep up with. Real estate investors can outsource maintenance and management to companies at no additional cost. After all, real estate is a significant investment, especially over time.

The most solid ways to make money in real estate is to start investing early. Though the range of maintenance can vary from low to high. Many of the most significant real estate investments don’t require tenants to show up. The problem is that many new investors don’t know how to invest in real estate.
Compared to mutual funds, REITs are companies that own commercial real estates such as office buildings, retail space, apartments and hotels. They also tend to pay high dividends, making them a typical investment for retirement. Investors who don’t need or want regular income can reinvest dividends to grow their assets. REITs enable you to invest in real estate outside of the physical real estate.

Even if you don’t buy physical real estate, investing in real estate is a strategy that can help you have your cake and eat it too. Many investors who want to look at and touch rental properties buy rental properties and choose a property manager to perform the heavy lifting. Horton (DHI), Pulte Homes (PHM) and many others can be discovered independently.

Last but not least, let’s not forget that new companies are popping up to help investors get involved in real estate and get their hands dirty. Either way, hard money loans for real estate investors are a strategy to consider. Numerous ways to invest in real estate even if you don’t want to deal with the property. But please do remember that and all the headaches that come with it.
If you don’t like the other ideas on this list and you have the money, consider giving some hard cash as a loan. In my experience, all have been positive. I have done due diligence to make sure you know what you are getting into before investing in real estate.

If you don’t have the expertise in DIY investing, you should invest in a property REIT or crowdfunding platform. Investment Decisions The most suitable real estate investments are the ones that benefit you as an investor. Consider how much time you have, how much capital.