Teambuild Land, the property development arm of Teambuild Construction, has developed 20 residential developments and one mixed-use development totalling 910 units over the last eight years. The company focuses on developing freehold private condominiums of less than 80 units, primarily in the neighbourhood of Geylang. For example, the 58-unit La Fleur, 71-unit D’Weave and 78-unit Casa Aerata.
Located to the east of Bali is the less famous Indonesian island of Lombok. The 4,725 sq km island boasts pristine beaches and is known as a great surfing spot. Apart from white sandy beaches, it has mountains, forests and waterfalls as well as great hiking trails.
A decade ago, penthouses were fashioned as bungalows in the sky. The higher the altitude and the bigger the penthouse, the loftier the price per square foot. The period after the global financial crisis marked an era in which luxury came with smaller spaces and more palatable price tags.
Increasing the household income ceiling for executive condos and HDB flats will further enlarge the pool of buyers who qualify for these schemes. Will this help ease fears of a housing glut?