Notes

Belgravia Ace Review - Freehold Strata Landed Homes at Seletar





This is a evaluation of Belgravia Ace in District 28, a freehold strata landed housing development situated at the idyllic personal domestic enclave of Seletar Hills Estate. Including 107 systems (104 semi-detached and 3 terrace houses), it will be developed by Fairview Developments, a completely owned system of the Tong Eng Group. Belgravia Ace will be the 3rd stage of its Belgravia Collection. The first was Belgravia Villas followed by Belgravia Green, launched in 2013 and 2018 respectively. All systems will feature 5 bedrooms, a basement, sky garden and personal lift.





Table of Contents

1. Belgravia Ace Review - Freehold Strata Landed Gem In Seletar
1.1. Special Features
1.2. Area Map
1.3. Floor Plan Design Features
1.4. Freehold Landed Property
1.5. Facilities & Site Plan .
1.6. Recreation Near Belgravia Ace
1.7. Developer of Belgravia Ace
1.8. Conclusion: Is Belgravia Ace’s Good Investment?
1.9. Tong Eng Group|Tong Eng Developer





Unique Features
A gated home with 24-hour security and shared facilities

A uncommon freehold strata housing development on such big plot of land - scarcity to help underpin property worths

Freehold status negates issues over lease decay, providing chances for future cumulative and legacy preparation

More open spaces and facilites under modified URA guidelines offer a higher quality of living

Extraordinary design functions and modern-day faclities

Provision of premium fittings and devices

Proximity to significant work centers offers potential catchment of renters

Reputable developer with a long history of realty advancement since the 1960s.

Hassle-free access to the Central Expressway (CTE) less than 1 km away

Within 2 km of Rosyth Primary School and Lycee Francais De Singapour, a French global school





Place Map



Belgravia Ace is a freehold strata landed advancement in the Seletar Hills Estate in the northeastern residential area of Singapore.

The Seletar Hills Estate is a much sought-after area to own a home. As a personal landed residential enclave with a peaceful atmosphere located between Ang Mo Kio Avenue 5 and Yio Chu Kang Road, its exclusivity is much valued.

Access to Belgravia Ace is by means of Belgravia Drive, a new roadway just off Ang Mo Kio Avenue 5. Belgravia Ace lies at the innermost of the three Belgravia Phases - the other 2 being Belgravia Villas and Belgravia Green. They lie on either side of the roadway and towards the north of Belgravia Ace are the landed housing along Stratton Drive.

Surrounding the Seletar Hills area are a number of big public housing estates such Ang Mo Kio, Yio Chu Kang, Serangoon North, Hougang and Sengkang which will offer a wide range of facilities.





Floor Plan Design Features
All units will include substantial and practical designs, with the double-volume ceiling at the dining area contributing to the development's glamorous feel.


They will also have private lifts, which assist in practical access to five levels of living spaces. This is an important function for households senior folks or those with mobility problems.


There will be ample parking area and each house will have at least adequate area for two car lots at the basement. This will assist to remove any parking concerns with neighbours or visitors, which are rather common in traditional landed housing estates.



Below is a summary of Belgravia Ace's special and remarkable style features:


5-levels from basement to roof (with family room for some) and a integrated area from 4,000 sqft

5-bedrooms with 4.5 m high ceiling and loft location for study

36 systems of back-to-back semi-detached house (from roughly 4,000 sqft upward).

18 systems with basement on ground level, looking like a traditional landed home.

Balcony units approximately 3,600 sqft.

Family room at roof for some systems (no bedroom).

6m width between external and border wall.

1 Electrical Vehicle (EV) battery charger.

2 swimming pools.





Freehold Landed Property
In land scarce Singapore, as the federal government will no longer provide freehold land for sale, many will just originate from en bloc sales or existing land bank independently held by property designers.


Provided the deficiency of freehold land, this will underpin the value of homes like Belgravia Ace in the long-lasting. Likewise, without any lease decay concerns, they will allow families to bequeath their houses to the next generation.


Besides tradition preparation, Belgravia Ace is developed for multi-generational and young households who are looking for a significant landed home with a good variety of facilities that will accommodate the requirements of all ages. Not unlike condiminiums, the gated development with 24-hour security services and devoted pick-up/drop-off point will enhance the safety of all homeowners. This is specifically so for school-going children waiting on their school buses.






Facilities & Site Plan .
" Due to its large land size, Belgravia Ace will take pleasure in a range of facilities such as two swimming pools, children's play area, BBQ pavilion, clubhouse and gym, all attentively incorporated with gorgeous landscaping and water features.


This will offer citizens a retreat from the stress of modern living while enabling them to charge their mind, body and soul. For families with kids, the myriad of centers will offer them with quality bonding time at their doorsteps.


Moroever, with only 107 units, they will get to enjoy a high level of exclusivity and quality time on their own or with family and friends.





Recreation Near Belgravia Ace
There are several nature parks a short 10-13 minutes' drive from Belgravia Ace. The proximity of these nature parks supplies a remarkable experience for residents living around the area. Other than the Hampstead Wetlands Park pointed out above, the others are.


Lower Seletar Reservoir Park-- A brief 10 minutes' drive from Belgravia Ace, its calm waters, pleasant breezes and serene surrounding supplies a pleasant place for recreation, both on land and in water. Featuring a Family Bay with a brand-new performance phase, a water play area, a bioswale rain garden, as well as a Heritage Bridge, there's constantly something for everybody to take pleasure in.


Fitness lovers can likewise take long, leisurely strolls or jogs, while a fishing jetty that extends from the park into the tank permits passionate anglers the chance to reel in their next big catch.


The Rower's Bay Park-- It lies further north of Lower Seletar Reservoir near Yishun Dam. Besides being a popular location for kayaking and dragon-boating, which is handled by PA Water-Venture, it is one of the very best spots to capture the dawn or sundown in Singapore.


There is a boardwalk to check out the wetlands, which are filled with plant types that will draw in and supply a habitat for native wildlife in the location such as the grey heron and copper-cheeked frog.


Sengkang Riverside Park-- It is house to the unique Sengkang Floating Wetland that was built to gather and filter rainwater naturally through its marine plants. The park is constructed and maintained by PUB. When embarking on the park's numerous trails through the marshland and wildlife habitat, the sight of mangrove birds and damselflies offers an interesting day out for the whole household.


Running along the boundary of the wetland is a Fruit Tree Trail that features 16 kinds of fruit trees. These include mangosteen, pomelo, mango, lime and starfruit, to the more unique Pond Apple, Island Lychee, Sweetsop, Java Olive and Custard Apple.


Thomson Nature Park-- It lies to the east of the Central Catchment Nature Reserve between Old Upper Thomson Road and Upper Thomson Road. The 50-hectare Thomson Nature Park is rich in biodiversity and is house to uncommon animals such as the Sunda Pangolin, Malayan Porcupine, and the seriously threatened Raffles' Banded Langur.


Apart from its rich wildlife, Thomson Nature Park has a unique cultural heritage as it is the website of a previous Hainan Village. Belgravia Ace Tong Eng can start 3 specifically curated walking tracks and identify the remnants of the past kampung life that can still be found there!


Springleaf Nature Park-- It is a fairly little park with a walking path passing through Sungei Seletar, a canal that eventually winds up flowing into the Lower Seletar Reservoir.


Due to its close distance to the Central Catchment Reserve, it is abundant in biodiversity, and is house for more than 80 species of citizen and migratory birds. These include the White-throated Kingfisher, Blue-tailed Bee-eater and Long-tailed Parakeet.







Developer of Belgravia Ace

The developer for Belgravia is Fairview Developments Pte Ltd, a subsidiary of Tong Eng Group, which is renowned for establishing stunning landed homes in addition to condominiums.


Its history go back to the 1940s when Teo Thye Chor and his younger brother Teo Thye Hong migrated from the Hui An district of Fujian, China, to Singapore in search of a brighter future. After conquering early obstacles, they formed Tong Eng Brothers after the Second World War, taking part in the trading of electrolytic tinplates utilized in the production of cans and bottle caps.

Responding to the call for post-war restoring in the 1950s, the bros expected a surge in demand for lodging. Hence, this began their diversity into residential or commercial property advancement. And the rest the said, is history.


For many years, they have actually built up an outstanding portfolio of homes. These consist of Belgravia Villas, Belgravia Green, Poet Villas, Three Balmoral and Goodwood Grand, amongst numerous others.









Conclusion: Is Belgravia Ace’s Good Investment?
Belgravia Ace provides appealing investment potential due to the limited supply of freehold landed real estate in Singapore. Future supply of freehold land will just originate from en bloc sales or landbank held independently as the government will just provide 99-year leasehold land under its government land sale programme (GLS).

In addition, designers that get new landed parcels through en bloc sale might not necessarily redeveloped them into landed housing, crimping the supply further. As land purchased through en bloc sale would likely cost more, this would naturally lead to greater costs.

On the other hand, the appeal of strata landed housing has actually been increasing for many years as purchasers are drawn to the centers that come with such advancements. It is equivalent to residing in condos, however with the added advantage of more personal privacy, exclusivity and spaciousness.

As can be seen, personal property prices for all types have actually rebounded highly from the trough of the global monetary crisis in Q2 2009. Since then, the marketplace has gone through several rounds of property cooling procedures, with the latest in July 2018 that saw the Additional Buyer's Stamp Duty (ABSD) increased and the Loan-to-Value (LTV) reduced.

Despite some blips along the way, the market has been on an uptrend. Nevertheless, it is noteworthy that landed residential or commercial properties have actually outperformed non-landed residential or commercial properties. From the trough of Q2 2017 till Q1 2021, their prices were up 35.1% and 23.4% respectively. In Q1 2021 alone, landed homes jumped by a hefty 6.7% quarter-to-quarter.

Another interesting indicate note is that freehold landed homes have seen more deals every month than leasehold landed properties in the last one year. This goes to show the continuous hunger for freehold landed houses.





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