Where to Buy New Semi-D in Upper Thomson in 2013?
A fellow enterprising property agent left a comment on my other blog : http://upperthomsonroadsingapore.blogspot.sg/2012/08/famous-upper-thomson-road-singapore.html?showComment=1376780197264#c1217072312729593345So I went to browse his website a little and read this :
"Thomson Three is new residential condo at Bright Hill Drive in Upper Thomson( District 20) is being built by UVD Pte. Ltd (Joint venture company of UOL Venture Investments Pte. Ltd. And Singland Homes Pte. Ltd). Thomson Three is expected to be a 20-storey condominium with 435 units. In addition, Thomson Three also has 10 strata semi detached homes."Admittedly, there are some new Cluster Houses at 3BHC (Three Bright Hill Close). Yet, these new strata semi-detached homes may be quite interesting since it's built within a condominium. If you recall, this condominium design is currently no longer allowed in Singapore. It's one of the ways the Singapore Government is covering the loopholes and do its best to keep Singapore Landed Property for Singaporeans.
From SLA :
"A foreign person is not restricted from acquiring any unit in an approved condominium development under the Planning Act."Hence, there's a chance foreigners are still allowed to purchase these 10 strata semi-detached homes since the website brochure states they are part of a condominium development. (Still, it's advisable to get your lawyer to help you read the fine print to be safe.)
From my experience, there are still Singaporeans who like the idea of having condominium facilities (usually for their young children to use), and also desire to own a landed property in Singapore. This could be a nice balance for them. Something similar yet different from a Cluster Housing Estate (Note : Foreigners unlikely able to purchase Cluster House without approval from SLA because Cluster Housing Estate are usually not considered to be a 'Condominium Development').
Some would argue that purchasing a Semi-D within a Condominium means there is good potential for upside. Reason being : Your pool of property buyers is wider than a 'usual' landed house because foreigners can purchase a landed property within a condominium estate.
What do you think?
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