Notes

Belgravia Ace Review - Freehold Strata Landed Property at Seletar





This is a evaluation of Belgravia Ace in District 28, a freehold strata landed housing development situated at the idyllic private property enclave of Seletar Hills Estate. Including 107 systems (104 semi-detached and 3 balcony homes), it will be developed by Fairview Developments, a fully owned system of the Tong Eng Group. Belgravia Ace will be the third phase of its Belgravia Collection. The very first was Belgravia Villas followed by Belgravia Green, released in 2013 and 2018 respectively. All systems will come with 5 bed rooms, a basement, sky garden and personal lift.





Table of Contents

1. Belgravia Ace In-depth Review - Freehold Strata Landed Gem at An Mo Kio
1.1. Distinct Features
1.2. Place Map
1.3. Floor Plan Design Features
1.4. Freehold Landed House
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





Special Features
A gated home with 24-hour security and shared centers

A unusual freehold strata housing development on such big plot of land - deficiency to assist underpin property worths

Freehold status negates issues over lease decay, offering chances for future cumulative and legacy planning

More open spaces and facilites under modified URA standards supply a higher quality of living

Exceptional style functions and contemporary faclities

Arrangement of premium fittings and devices

Distance to significant work centers supplies possible catchment of tenants

Credible developer with a long history of property development considering that the 1960s.

Practical 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 international school





Area 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 popular area to own a property. As a personal landed domestic enclave with a peaceful environment located between Ang Mo Kio Avenue 5 and Yio Chu Kang Road, its exclusivity is much treasured.

Access to Belgravia Ace is through Belgravia Drive, a brand-new roadway just off Ang Mo Kio Avenue 5. Belgravia Ace is located at the innermost of the 3 Belgravia Phases - the other 2 being Belgravia Villas and Belgravia Green. They rest 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 large public housing estates such Ang Mo Kio, Yio Chu Kang, Serangoon North, Hougang and Sengkang which will provide a wide variety of facilities.





Floor Plan Design Features
All systems will come with big and practical designs, with the double-volume ceiling at the dining location contributing to the advancement's luxurious feel.


They will also have private lifts, which help with hassle-free access to 5 levels of living spaces. This is an crucial function for households elderly folks or those with movement problems.


There will be adequate car park and each home will have at least enough area for 2 vehicle lots at the basement. This will assist to remove any parking problems with neighbours or visitors, which are quite common in standard landed real estate estates.



Below is a summary of Belgravia Ace's special and remarkable design functions:


5-levels from basement to rooftop (with family room for some) and a built-in location from 4,000 sqft

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

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

18 units with basement on ground level, looking like a conventional landed home.

Terrace units approximately 3,600 sqft.

Living room at roof for some units (no bedroom).

6m width in between external and limit wall.

1 Electrical Vehicle (EV) charger.

2 swimming pools.





Freehold Landed Property
In land limited Singapore, as the government will no longer offer freehold land for sale, a lot of will only come from en bloc sales or existing land bank privately held by property designers.


Given the scarcity of freehold land, this will underpin the worth of homes like Belgravia Ace in the long-lasting. Likewise, without any lease decay concerns, they will enable families to bestow their homes to the next generation.


Besides legacy planning, Belgravia Ace is designed for multi-generational and young households who are trying to find a large landed home with a good range of centers that will deal with the needs of any ages. Not unlike condiminiums, the gated advancement with 24-hour security services and devoted pick-up/drop-off point will enhance the security of all citizens. This is specifically so for school-going kids waiting on their school buses.






Facilities & Site Plan .
" Due to its big land size, Belgravia Ace will take pleasure in a series of facilities such as two pool, kids's play ground, BBQ pavilion, clubhouse and gymnasium, all attentively incorporated with lovely landscaping and water functions.


This will use residents a retreat from the hustle and bustle of contemporary living while allowing them to recharge their mind, body and soul. For households with young kids, the myriad of facilities will supply them with quality bonding time at their doorsteps.


Moroever, with only 107 units, they will get to delight in 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 offers a interesting experience for citizens living around the location. Aside from 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 tranquil surrounding offers a enjoyable place for leisure activities, both on land and in water. Featuring a Family Bay with a new efficiency stage, a water play area, a bioswale rain garden, in addition to a Heritage Bridge, there's constantly something for everyone to take pleasure in.


Fitness enthusiasts can likewise take long, leisurely strolls or jogs, while a fishing jetty that extends from the park into the reservoir permits avid anglers the chance to draw in their next big catch.


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


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


Sengkang Riverside Park-- It is home to the special Sengkang Floating Wetland that was built to collect and filter rainwater naturally through its marine plants. The park is constructed and preserved by PUB. When embarking on the park's numerous routes through the marshland and wildlife habitat, the sight of mangrove birds and damselflies provides an fascinating day out for the entire household.


Running along the border of the wetland is a Fruit Tree Trail that includes 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 abundant in biodiversity and is house to uncommon animals such as the Sunda Pangolin, Malayan Porcupine, and the seriously endangered Raffles' Banded Langur.


Apart from its abundant wildlife, Thomson Nature Park has a special cultural heritage as it is the website of a previous Hainan Village. Visitors can embark on 3 specifically curated walking tracks and find the residues of the past kampung life that can still be found there!


Springleaf Nature Park-- It is a fairly little park with a walking path traversing Sungei Seletar, a canal that eventually ends up streaming into the Lower Seletar Reservoir.


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







Developer of Belgravia Ace

The designer for Belgravia is Fairview Developments Pte Ltd, a subsidiary of Tong Eng Group, which is renowned for establishing lovely landed homes along with condos.


Its history go back to the 1940s when Teo Thye Chor and his more youthful bro Teo Thye Hong migrated from the Hui An district of Fujian, China, to Singapore looking for a brighter future. After overcoming early challenges, 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.

Reacting to the call for post-war rebuilding in the 1950s, the siblings expected a rise in demand for lodging. Hence, this began their diversification into home development. And the rest the said, is history.


For many years, they have developed an remarkable portfolio of homes. These include Belgravia Villas, Belgravia Green, Poet Villas, Three Balmoral and Goodwood Grand, amongst numerous others.









Conclusion: Is Belgravia Ace’s Good Investment?
Belgravia Ace offers appealing investment potential due to the limited supply of freehold landed housing in Singapore. Future supply of freehold land will only come from en bloc sales or landbank held privately as the federal government will just offer 99-year leasehold land under its government land sale program (GLS).

In addition, developers that get new landed parcels by means of en bloc sale may not always redeveloped them into landed real estate, crimping the supply even more. As land bought by means of en bloc sale would likely cost more, this would naturally cause greater rates.

Meanwhile, the appeal of strata landed housing has actually been increasing throughout the years as buyers are drawn to the centers that include such developments. It is equivalent to living in condominiums, however with the added benefit of more personal privacy, exclusivity and spaciousness.

As can be seen, private property prices for all types have actually rebounded strongly from the trough of the international monetary crisis in Q2 2009. Ever since, the market has actually gone through several rounds of home cooling steps, with the most recent in July 2018 that saw the Additional Buyer's Stamp Duty (ABSD) increased and the Loan-to-Value (LTV) decreased.

In spite of some blips along the way, the market has actually been on an uptrend. Nevertheless, it is noteworthy that landed residential or commercial properties have actually outshined non-landed homes. 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 significant 6.7% quarter-to-quarter.

Another intriguing point to note is that freehold landed residential or commercial properties have seen more transactions every month than leasehold landed homes in the last one year. This goes to show the continuous hunger for freehold landed houses.





Tong Eng Group



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Here's my website: https://tongeng.com.sg/