Fourth Avenue Residences condo launch in Singapore

Allgreen properties got you another capital for your luxurious way of life. Fourth Avenue homes are promoting your wellspring of living. In the event that you are excited to carry on with a prime life in Singapore in this way, Fourth Avenue Residences generously welcome you to satisfy your fantasies. Fourth Avenue Residences freehold apartment suite is situated in the local location of Bukit Timah. This prime area incorporates assortments for a perfect local location. The scholarly zones and schools are near the area. The land was under the property of the administration. Allgreen properties won the offer justifying $553M to imagine your fantasies.

Bukit Timah is one of focal Singapore’s prime found townships. It covers higher arranged lodging regions. You can locate the most noteworthy number of private lodging in this area. The best place to live in Singapore incorporates Fourth Avenue Residences. It was the most noteworthy slope in Singapore which was changed over into the nature save. The purpose for this transformation was to safeguard the natural life. This situation welcomes numerous individuals around the city to appreciate the view. One can never deny living under this shade and getting a charge out of the excellence of nature.

Truly, you are at the correct area on the off chance that you will carry on with a prime life which is Fourth Avenue Residences. Fourth Avenue Residences showflat offers you carry on with a sumptuous life and to satisfy every one of the dreams. Under the shade of this site, you can appreciate horse riding. The suggestion isn’t yet done it incorporates the lavish wager around the local area club, an excellent dance hall, bars, indoor rec center, tennis court, kids play area, BBQ regions, and pool. It additionally incorporates a Botanical garden which conveys an assortment of plants. Along these lines, one can appreciate a lovely air with their family.

Whistler Grand at West Coast Vale is the next CDL new condominium

For every one of those individuals who long for owning an extravagance settlement in Singapore in a perfect area, Whistler Grand, when finished, will transform their fantasy into a reality. This 99-year leasehold improvement is slated to have every one of the highlights and luxuries that an individual searches for in a perfect home. It is helmed by City Developments Limited (CDL Pegasus Pte Ltd), who are effectively dealing with a couple of different advancements in Singapore.

With the end goal to give the occupants of this building a lavish way of life, this improvement will accompany broad highlights. There will be no stopping issues as it will have a tremendous stopping region covering two storm cellars. There will stop space for least 716 vehicles. Notwithstanding that, there will be a vast swimming pool, a capacity corridor for occasions, recreation center, and different highlights.

Covering a territory of 210,805 square feet, Whistler Grand showflat guarantees a lavish way of life. The façade of the building will be intended to give it an awesome look. The glass outside will give it a cutting edge and rich look. It will be encompassed by lavish green trees and the tranquil magnificence of water since a substantial pool will be there for the inhabitants. Best in class innovation is utilized in the improvement of this task. Because of its especially structured façade, this private venture will be positioned among the best tasks in the nation.

8 Saint Thomas review by Bukit Sembawang near future Great World MRT

Extravagant and freehold private undertaking with magnificent perfect area and offices, it will be a top of the line improvement that most property holders and speculators would not have any desire to miss it. The engineer, Bukit Sembawang has structured a top of the line advancement that comprises 250 unit more than two squares, one square ascending to 35 stories and the second 36 stories. They will offer a decision of one room to four room units and an accumulation of penthouses.

8 Saint Thomas Walk offers a helpful association with a urban living air with in vogue bars, eateries, and world-class malls pressing worldwide brands. Stroll to 313 @ Somerset, Orchard Central, Takashimaya and Ion Orchard. This comfortable townhouse at the core of the city gives inhabitants guide access to world class schools, open courtesies and expressway foundation. The tall building multi-family townhouse gives occupants a stupendous view and lies close understood places of interest. Likewise, inside 1km of 8 Saint Thomas is the River Valley Primary School, a trustworthy school looked for after by various Singaporean.

For 8 St Thomas’ future inhabitants, a short walk will convey them to Great World City for their retail treatment and feasting needs. On the other hand, they can likewise make a beeline for Orchard Road Area which is only 500 m away where they could open up to alot of alternatives. A portion of the shopping centers that are adjacent 8 St Thomas incorporate *Scape, Orchard Cineleisure, 313 @ Somerset, The Centrepoint, Mandrain Gallery, Orchard Central, Orchard Point, The Heeren, Ngee Ann City and ION Orchard. At the point when 8 St Thomas’ future inhabitants need to enjoy yummy neighborhood luxuries there are numerous decisions to look over. Nourishment Centers, for example, Zion Riverside Food Center, Havelock Road Block 22A Food Center, Beo Crescent Block 38A Market and Food Center, Tiong Bahru Market, People’s Park Complex Food Center, Hong Lim Market and Food Center, Chinatown Complex Market and Food Center, Newton Food Center, Maxwell Market, Lau Pa Sat and Bukit Merah View Block 115 Market And Food Center are for the most part simply closeness to 8 St Thomas.

What The Open Electricity Market Means To Singapore Homeowners

The Singapore government has officially launched the Open Electricity Market (OEM) today, in a bid to liberalise the industry and spur competition among local power providers.

Starting today (1 Nov), homeowners and businesses within the northeast of the country residing in areas with postal codes from 58 to 78 will be able to access the OEM, said the Energy Market Authority (EMA), the government agency overseeing the local electricity and gas industries.

These areas include districts in Upper Bukit Timah, Clementi Park, Ulu Pandan, Tuas, Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang, Lim Chu Kang, Tengah, Kranji, Woodgrove, Woodlands, Yishun, Sembawang, Upper Thomson and Springleaf.

These areas are in addition to Jurong, where the OEM was soft launched on 1 April.

OEM 1

Thereafter, the Open Electricity Market will be implemented progressively in three other geographical zones, with areas within Singapore’s central business district (CBD) being among the last to access it.

With this set-up, homeowners and businesses will no longer be locked into purchasing electricity from just SP Group, the operator of the electricity transmission and distribution network in the country. As a result, consumers will be able to choose from a variety of competitively-priced power plans from over 10 companies. As observed in the Jurong soft launch, power retailers dangled attractive sign-up discounts, on top of bundling their power price plans with other services and products.

How many power retailers can I choose from?

Initially, 13 electricity retailers are participating in the official launch today, and several more are expected to join later after upgrading their capabilities. These 13 power retailers consist of:

OEM 13 Electricity retailers

How electricity is delivered to consumers’ homes?

At present, about 95 percent of Singapore’s electricity supply are generated by power plants fuelled by natural gas. In turn, the current produced by these generation facilities are transported across Singapore via the national power grid, then distributed to various businesses and homes.

On the financial aspect, generation companies that run power plants offer power in the wholesale electricity market (WEM) every half-hour. They have to bid to sell electricity, and the price of power change every 30 minutes depending on demand and supply. Meanwhile, the electricity retailers purchase power in bulk from WEM and compete with each other to sell power to consumers and enterprises.

With the implementation of the Open Electricity Market, clients have the option to switch to a different power retailer other than SP Group. But they may also opt to continue buying electricity from the company at a regulated tariff that is reviewed every quarter. Choosing a different retailer won’t disrupt a home’s power supply as SP Group will continue its job to deliver power to everyone.

Moreover, clients should not worry over blackouts or power disruptions as the responsibility for ensuring a reliable supply of electricity across Singapore remains in the government’s hands, which falls under the Power System Operator (PSO), a division of EMA.

Notably, SP PowerAssets owns the national power grid which distributes electricity across Singapore, while its appointed agent SP PowerGrid builds and maintains the power grid. Both are members of SP Group.

Types of standard price plans offered by the 13 retailers

Prior to the OEM launch in each zone, homeowners and businesses there will get a notification package and information booklet about the different power price plans offered by electricity retailers. To compare price plans, please visit this website.

Basically, power retailers will offer two kinds of standard price plans. According to EMA, aside from prohibiting power retailers from imposing zero hidden charges, the contract duration of standard price plans is 6, 12 or 24 months. In addition, all electricity retailers are required to post their standard price plans on OEM’s official website and honour their terms. The particulars of the two standard price plans are indicated below.

  • Fixed Price Plan. Under this package, clients will pay a constant rate (e.g. 20 cents/kWh) for their power during the contract period. This plan targets clients who don’t want a fluctuating monthly power bill. However, the rate may be higher or lower than the regulated tariff.

OEM Fixed Price Plan

  • Discount Off the Regulated Tariff Plan. Under this package, the rate changes but clients will be entitled to a fixed discount off the prevailing regulated tariff (e.g. 5.0 percent). This is suitable for those who aren’t bothered about paying different power rates so long as it’s more affordable than the regulated tariff.

On the other hand, plans with a different pricing structure from these two are called Non-Standard Price Plans. To know more about these, please contact the power retailer directly.

Which is the best power price plan?

If the rate for the Fixed Price Plan is not too high, it could be more advantageous as the regulated tariff has been mainly on an uptrend since January 2016. Aside from that, SP Group said last month that electricity tariffs will increase by an average of 2.1 percent or 0.48 cent per kWh in Q4 2018 from the previous quarter.

If the rate for the Fixed Price Plan is pricey, opting for a discounted plan is also a good move as your rate will still be lower than the regulated tariff.

OEM Past Household Regulated Tariff

Why choose Geneco?

Power retailers without their own power plants face a greater price risk as they are solely dependent on buying from the Wholesale Electricity Market, where power prices could be volatile if there is an imbalance in the half-hourly supply and demand. Such electricity retailers will also have to mitigate this risk by conducting their own hedging activities.

More importantly, the price of power in Singapore is significantly impacted by the price of natural gas in the global market.

On the other hand, firms operating their own generation facilities have the advantage of mitigating the volatile price risk, as the sale and purchase prices of electricity in the wholesale market are nearly identical.

One of those companies running their own power plants is Geneco, whose parent company YTL PowerSeraya is one of Singapore’s first and biggest power producers with a licensed generating capacity of 3,100 MW. The group has been in the power generation business since 1971, and has received numerous awards for outstanding customer service.

Geneco offers one of the most competitive electricity plans in the market across all types of price plans with no security deposit required. For example, Geneco’s 24-month fixed price plan is $0.1688/kWh, which is 30% cheaper than the SP regulated tariff rate at $0.2413/kWh. The sign-up process for Geneco is also seamless, ensuring ease of changing your electricity supplier. That’s not all, if you recommend Geneco to your friends and family, you’ll get a $20 shopping voucher.

For more details, kindly visit Geneco’s website.

geneco logo

Brighten up your life with Geneco!

With no hidden charges and low prices all year round, you can always expect big savings for your electricity bills.  Committed in delivering award-winning customer service and seamless sign up experience, it is easy to see why so many people choose Geneco.

Hong Kong most expensive city in terms of rents: Savills

Hong Kong ranks as the most expensive city in the world in terms of rents, followed by New York and London, according to a 2018 report released by real estate consultancy Savills.

he average cost of renting office and residential space per employee in Hong Kong is US$112,400 ($155,118) annually, a rise of 5% y-o-y. An equivalent space in New York costs US$108,200, a 1.7% reduction y-o-y. London rents fell 1.3% y-o-y to US$96,000.
Singapore took 13th place, right behind Sydney. The city state chalked up a cost of US$51,200 per employee annually, a 2.4% increase y-o-y (in Singapore dollar terms, the cost fell 0.1% y-o-y). Sydney recorded a cost of US$51,600 per employee yearly.
Apart from Hong Kong, other Asian cities that feature in the top 10 are Tokyo and Beijing, at fourth and 10th spots respectively. Tokyo saw cost per employee rise 3.7% y-o-y to US$84,500. Cost per employee in Beijing was US$54,900, down 0.2% y-o-y.
London held the top spot as the most expensive place rentwise from 2011 to 2015.
Savills placed two seven-person staff teams in each of the 33 cities, one in a prime financial sector location and the other in a secondary location, to represent cross-city costs. The results are obtained by taking the average cost of both teams, covering rents of home and office space per employee.
Residential rents in Hong Kong have been driven higher because of limited supply, especially in the prime markets, says Savills. Office rents in the city have been inflated by demand from Chinese firms and new tech and co-working operators, it adds.
Mainland Chinese cities have also climbed rapidly up the ranks in recent years, the report states.
Shenzhen has risen to 16th place, from 20th, in one of the bigger jumps. Its cost has risen 20.9% to US$48,700, just behind 15th-place Shanghai’s at US$49,300. Employees have flocked to the city, driving rents upwards. Demand for office space remains high, with the city attracting firms from the finance industry, high-tech and advanced manufacturing sectors, and co-working operators, Savills highlights.
In Tianjin, which occupies the 32nd spot, rents increased 22% y-o-y to US$16,100, recording the highest jump among the cities in Savills’ ranking. The rental cost, however, still equates to one-seventh of that in Hong Kong.