A person is not just imagining things, the cost of rent is on the rise. It seems that rent is very high these days. There are some reasons why the cost of renting is so high. The cost of rent is rising faster than wages. On average a person needs to make almost $23 an hour to afford a two-bedroom rental. Even people with the medium income struggle to afford their rent each month.
Great Recession Lead to Rental Market Trouble
When the recess began in 2007 the prices of houses feel. This caused chaos for both homeowners and renters. Foreclosure rates were high and many homeowners were turned into renters. Many millennials had to rent instead of purchasing their first home. New construction all but stopped. There was a demand for rental properties which lead to an increase in the price. Rental units are not being built as fast as the demand is for these units. Six million possible homeowners are still renting. The baby boomer generation is looking to retire and sell their homes. They will enter the rental market. People with lower incomes are not being approved for a home mortgage and the only other option is to rent. If a person has to rent a place at a high price they are not able to save for a home and this leads to further trouble. The demand for rental units is still high allowing the price to be high.
Costs of Building Homes
There has been an increase in building for luxury apartment buildings. There are not too many homes or apartments being built for people with a medium income. There is also a shorted of skilled construction workers all over the country which is slowing down the building process. The prices of materials such as lumber have increase as well as steel and aluminum. Since it is more expensive to build new units the cost for apartments is going to rise to make up the difference.
Lawmakers Did Not Fix the Problems
The government has not yet fixed the problem to make and improve programs to make homeownership affordable for the average person. The Department of Housing and Urban Development has not yet addressed these problems. Zoning restriction laws also prevent new apartment buildings from being constructed. States can address this problem as well. Oregon was the first state to develop a rent control law capping how much rent can increase each year and the law makes it harder for the landlord to evict people. New York is also looking to pass a similar law. Three-quarters of the population is willing to vote for a president that will fix the housing crisis and will help people be able to afford home once again.
Rent is expensive but if a person cannot afford to purchase a home they may not have another option. Due to the high demand for rental properties, there is an increase in the prices of rent and the percentage of their income people need to pay to live.…
The 99 year leasehold Twin Vew project of China Construction (South Pacific) Development Company is one of the last sales of prime leasehold plots under the government land sale program in Singapore. The Twin Vew condo project is located at West Coast Vale, District 5, and Singapore close to Jurong Lake district and Clementi Mall, where property prices have increased rapidly in the last few years, with some condos selling for more than one million dollars. Hence the auction for the plot attracted a lot of attention from builders, with as many as 9 construction and development, companies bidding for the plot, with the winner bidder paying $292 million for the leasehold plot. Twin Vew West Coast Condo is a new development by China Construction Development.
Twin Vew by China Construction Development Co
One of the main reasons why so many builders are interested in Twin Vew condo is the strategic location close to Jurong Lake District and Jurong Central Business District. It is close to Clementi MRT station, Jurong East MRT station and Singapore High speed railway station which is directly connected to Kuala Lumpur.
Twin Vew Condo West Coast Vale
This makes it ideal for business owners and professionals who have work in Malaysia and Singapore. It is also connected to the West Coast Vale road and Ayer Rajah Expressway for quick travel to any place. There are a large number of reputed shopping centers like Westgate, JCube Jurong and Clementi Mall located in close proximity to the Twin Vew West Coast Vale.
Twin View West Coast Singapore
For the convenience of families with children living in Twin Vew condos, there are number of reputed schools and colleges nearby like Nan Hua, Qifa Primary school, Tanglin, Clementi secondary school, Japanese school, National university of Singapore, Singapore Institute of Management. A total of 520 units are planned in different sizes like 1, 2, 3 and 4 bedroom units to cater to the varied requirement of condo buyers. Floor plan for the condo units is available from the developer on request. Like the other condos developed by China Construction Development company, the Twin Vew China Construction project will have all the amenities like swimming pool, jogging track, children’s playground, function room.…
Found along Serangoon Road, the Woodleigh Residences is a mixed development in District 13, Singapore. The project is being undertaken jointly by Kajima Development and Singapore Press Holdings. Kajima is a Japanese construction company which is listed on the Japanese Stock Exchange. One of the projects in the portfolio of this great construction company is the Kansai International Airport. The Woodleigh Residences will be held in a tenure of 99 years. It comprises of 161,460 square feet of commercial space and approximately 825 residential units. Some of the features include a tennis court, clubhouse, children’s playground, an indoor gymnasium, a swimming pool and so much more. The Woodleigh Residences is linked to the Bus Interchange in Woodleigh Village via a underground link.
Underground Link to Woodleigh Bus Interchange in Woodleigh Village
The Woodleigh Residences is located in a strategic location, accessible via Serangoon Road and Upper Aljunied Road. The development is next to Woodleigh MRT station. Nex Shopping mall and The Venue shops are in proximity to the establishment. Nex Shopping Mall which is connected to Serangoon MRT station is the biggest of its kind in North-East Singapore. The Venue Shoppes, on the other hand, is close to Potong Pasir MRT station. It has many shops, eateries and entertainment joints making it an ideal place in the city. Schools within the vicinity of Woodleigh Residences include Cedar Girl’s Secondary School and the Standard International American School.
Woodleigh Residences New Development to Woodleigh Village
The project which is in a 273,842 square feet space, is located in Bidadari Estate. Bidadari is a large community residence of up to 11,000 condominiums and flats. The Woodleigh Residences is one station away from Serangoon MRT station which is connected to the Circle Line. The Circle, which was opened in 2009, passes through many towns including Paya Lebar and Bishan. This location makes it ideal for commuters to the western Singapore. The mix development project is being undertaken by Kajima development and Singapore Press Holdings. For more details on the site and floor plans, visit Woodleigh Residences website.…
If you ever cross the streets of Sengkang West Ave in Singapore, you will spot this beautiful architectural wonder called the Seletar Mall. It is the first ever mall in north-east Singapore with plenty of attractions for the public who visit here. It even connects the Fernvale light rail transit system, giving direct access to conveniently get there. The Seletar mall has three levels of parking, which is sufficient to accommodate 384 cars. The mall is spread over the area of 188000 square feet with amazing architecture and ambiance inside the mall.
The Seletar Mall Next to Nim Collection Condo
Inside the mall are plenty of stores for shopping where you can everything from clothing, accessories, and electronics to groceries. You can find exclusive stores of plenty of renowned brands too. There is a fair price supermarket where you can buy all your home needs. There are clinics for dental and overall health needs, so they serve the purpose for emergencies as well. This adds to the overall safety of the mall for the visitors. You can even find plenty of options for hair and beauty, so you can treat yourself with some makeover. The Seletar Mall is also near to Nim Collection which is a landed property cluster in The Seletar Hills.
Seletar Mall Shopping Centre Fernvale Nim Collection Landed Property
This mall has unique attractions for kids such a playground on the terrace that makes the mall unique in the whole of Singapore. You can even find some learning centers here where your kids can enhance their skills. There is a toddler play area where you can watch your little ones have some fun. There are sports stores where you can buy all sports, fitness and gaming needs. There are stores for buying books, stationery, hobby, and gifts too. Pharmacies are available for your convenience and beauty stores where you can buy all your cosmetics and health products. Basically, you can find A to Z of everything for people of all genders and age groups at the Seletar mall. Nim Collection at Nim Road by Bukit Sembawang will be launching soon.
The Seletar Mall Fernvale LRT Station
As for the entertainment part, this mall has cinemas, plenty of restaurants and a well-organized food court. You can find casual fast foods and even those fine dining restaurants for those special occasions. You can find cuisine from around the world in the mall and all the popular cafes like Starbucks, subway, Swenson’s, etc. So this mall is a perfect getaway place for the whole of your family with plenty of options and amenities you can make use of. When you are at Seletar mall, you do not have to worry about going elsewhere to find something, because you can find almost everything under the sun in this one place.…
A condo (condominium) is one of a gathering of housing units where every property holder claims their individual unit space, and every one of the residences share responsibility for of basic utilize. The individual units typically share dividers, however that isn’t a prerequisite. The primary contrast in apartment suites and customary single homes is that there is no individual responsibility for plot of land. All the land in the townhouse extend is possessed in like manner by every one of the property holders.
Le Quest Indicative Prices from $588K
So, if you are searching for the same kind of residential space Le Quest is the right place for you. The starting prices for Le Quest condo starts from $588K. Le Quest is the condo project launched by Qingjian Realty which is developed in the Bukit Batok. Le Quest Qingjian Realty is the latest condo which has a multiple range of choice as it is the blend construction of commercial and retail residential units. It has 516 units with different size and layouts which can match the choice of different kinds of buyers as some may be looking for commercial space and some may for the smaller space for rental purpose. Le Quest consist of studios, 1 bedroom, 2 bedrooms premium and deluxe, 3 and 4 bedrooms with study available for sale and for rental also.
Le Quest Bukit Batok West Avenue 6 Singapore
Le Quest is located at the prime location of Bukit Batok West Ave.6 near MRT station, as it is near the MRT station in a short distance drive there is West Mall Shopping Centre where you can experience a great joy of shopping and as well as you can enjoy movie as West Mall Shopping Centre has Cathay Cineplex. Le Quest condo by Qingjian Realty Bukit Batok has all the facilities which you are expecting to make available for your family and friends, which include both the swimming pool and indoor gym where your love ones or friends can work out to live a healthy life. It also has a part hall where you can celebrate your special occasions and enjoy with your family members and friends as well.
Le Quest Singapore Starting Prices from $588K
Le Quest Bukit Batok is upcoming famous area where a high speed express railway terminus to Kuala Lumpur will be developed in soon future. Le Quest is providing you a facility of public transport for the residents as they can move to other parts of the Singapore. Those who are buying home can configure their home as according to their likes and preferences and also can make use of HI life app for all their facilities at their own comforts. Le Quest is holey developed by the Qingjian Group Co. Ltd which deals in real estate construction, logistic projects which can be a domestic or international. From past eighteen years it has ranked among top 80 contractors. So, don’t wait just make your dreams true to have a unit in space like Le Quest with the best possible amenities and conveniences. For more detail visit: www.lequestcondo.sg and register your interest in Le Quest.…