New Launch – Wing Tai Holdings Singapore https://buycondo.sg Wing Tai Holdings Singapore who specializes in helping both local and foreign buyers to source and purchase their dream home as well Property Sale and Property Management. Sat, 30 Dec 2023 16:25:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://buycondo.sg/wp-content/uploads/2021/01/icon.png New Launch – Wing Tai Holdings Singapore https://buycondo.sg 32 32 Arcady Condo at Boon Keng MRT Review https://buycondo.sg/arcady-condo-at-boon-keng-mrt-review/ https://buycondo.sg/arcady-condo-at-boon-keng-mrt-review/#respond Sun, 31 Dec 2023 02:05:44 +0000 https://buycondo.sg/?p=31299 Arcady Condo at Boon Keng MRT Review Hey there, Singaporeans! Allow me, the resident property enthusiast, to share with you my insights on the highly anticipated Arcady Condo at Boon Keng MRT. Brace yourselves, for this freehold development is about to take the city fringe by storm! VVIP Preview 6 – 16 Jan 2024 (Contact...

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Arcady Condo at Boon Keng MRT Review

Hey there, Singaporeans! Allow me, the resident property enthusiast, to share with you my insights on the highly anticipated Arcady Condo at Boon Keng MRT. Brace yourselves, for this freehold development is about to take the city fringe by storm!

VVIP Preview 6 – 16 Jan 2024 (Contact us for An Appointment)

arcady entrace

Arcady Condo boasts a prime location at 1037 Serangoon Road in District 12, Singapore. With easy access to Boon Keng MRT station and an array of amenities, it’s no wonder that this condominium has captured the attention of both individuals and families seeking their dream abode.

But what truly sets Arcady Condo apart from the rest? Let’s dive into the nitty-gritty details, shall we?

Key Takeaways:

  • 🚇 The convenience of being located near the Boon Keng MRT station makes Arcady a potentially attractive investment option.
    🏡 “If you own the freehold property you can keep it for long term without worrying. The value will go down.”
    đź’° Study the Unit Mix in in the same development can impact your property price, not just the unit you are keen.
    đź’° The price gaps between Arcady Freehold Condo and other nearby projects are pretty big, raising the question of whether it’s too pricey or still worth considering.

TLDR: Investing in a small freehold development condo like Arcady at Boon Keng MRT can result in long-term profits, especially when factoring in rental income and the potential for en bloc.

  • Arcady Freehold Condo at Boon Keng MRT is a reasonable size development with 172 units, its location and price trend analysis make it worth considering for investment.
  • Small developments should be freehold properties to make money, as 99-year leasehold properties the people going for facilities are possibly benefiting the tenants or some home owners.
  • Freehold development with 24-story building can be kept for long term, but floor plan and layout of other units can impact property price.
  • Holding onto a freehold small development condo for a longer period of time can result in better profits, especially when factoring in rental income.
  • Arcady Freehold Condo near Boon Keng MRT may around expensive for some buyers, but still worth considering for a specific group.
  • Arcady Freehold Condo near Boon Keng MRT may be suitable for long-term buyers, but not for those seeking quick profits. Contact for more info.

Arcady condo’s (former Euro-Asia Apartments) in District 12 at Kallang. This plot, at 56,475 square feet and offering 172 units, is considered a decent size for a freehold launch.

Located at the corner of Serangoon Road and Saint Barnabas Lane, it is roughly 6 minutes walk from Boon Keng MRT station. That puts it three train stops from Doby Ghaut station at Orchard Road, and four stops from Clarke Quay station.

In that sense, the Arcady condo is a more attractive proposition, as it has more land, facilities, and economy of scale. It is also a closer walk to an MRT station than 1953 or Jui Residences. Given its proximity to the CBD, it should fare quite well where rental demand is concerned too.

 

Arcady Condo at Boon Keng MRT Review

Introduction to Arcady Condo: A New Freehold Development

Arcady Condo is an exciting addition to Singapore’s real estate landscape, offering a new freehold development that combines modern living with tranquil surroundings. With its strategic location, contemporary design, and serene ambiance, Arcady Condo presents an attractive residential option for those seeking a harmonious blend of convenience and serenity.

THE ARCADY at Boon Keng FINAL E Brochure PDF version 20.11.2023 page 0005 scaled 1

About Arcady Condo’s Strategic Location

Situated in a highly sought-after location, Arcady Condo provides residents with easy access to a plethora of amenities and transportation options. The condominium is strategically positioned near transportation hubs, including the Boon Keng MRT station, allowing residents to connect effortlessly to various parts of Singapore. Additionally, the surrounding area boasts an abundance of shopping centers, educational institutions, and recreational facilities, ensuring that residents have everything they need within reach.

Contemporary Design Meets Serenity

Arcady Condo sets itself apart with its contemporary design that seamlessly integrates with the serene environment. The development features modern architectural elements, complemented by lush green spaces and landscaped gardens. This unique combination creates a soothing and inviting atmosphere, providing residents with a sanctuary amidst the bustling cityscape.

The design of Arcady Condo prioritizes both aesthetic appeal and functionality. The interiors of each unit are thoughtfully crafted to maximize space and natural light, offering residents a comfortable and harmonious living experience. Whether relaxing in their own private space or enjoying the communal areas, residents can unwind and rejuvenate in the tranquil ambiance of Arcady Condo.

Arcady Condo’s Location: The Gateway to Convenience

Arcady Condo is situated at the prime location of 1037 Serangoon Road, providing residents with unparalleled convenience. Its strategic position near Boon Keng MRT station and major expressways allows for seamless commuting to various parts of Singapore. Whether you’re headed to the bustling city center or exploring the tranquil outskirts, Arcady Condo offers easy access to it all.

But the convenience of Arcady Condo extends beyond transportation. The surrounding area is a paradise for modern city dwellers, offering a plethora of amenities at your fingertips. Immerse yourself in retail therapy at nearby shopping malls, indulge in a diverse culinary scene, or enroll your children in reputable schools – all just a stone’s throw away from your doorstep.

Living at Arcady Condo means embracing a lifestyle of utmost convenience and accessibility. Every day will be filled with endless opportunities, as you seamlessly navigate the city and enjoy the myriad of amenities that surround you. Welcome to the gateway of convenience – welcome to Arcady Condo.

 

Maximizing Comfort with Modern Facilities

Arcady Condo takes comfort to a whole new level with its range of modern facilities. Residents can indulge in luxurious amenities that are designed to enhance their quality of life. Whether it’s relaxing by the pool, working out in the state-of-the-art gym, or unwinding in the lush gardens, there is always a space for residents to rejuvenate and recharge.

Furthermore, Arcady Condo offers convenience at every turn. Residents can enjoy the convenience of an in-house concierge service, dedicated parking spaces, and 24-hour security, ensuring their safety and peace of mind. With these modern facilities, Arcady Condo sets the benchmark for comfortable and convenient living.

Architectural Brilliance Innovative Design Eco-Friendly Features Modern Facilities
Elegant and visually stunning Harmonious blend of aesthetics and functionality Energy-efficient materials and technologies Luxurious amenities for residents to enjoy
Sleek and modern facade Thoughtfully designed interior spaces Reduced carbon footprint In-house concierge service
Creates a sustainable living environment Elevates the living experience Convenience and comfort at every turn Dedicated parking spaces

Arcady Condo at Boon Keng MRT Review

As a prospective homebuyer, finding the perfect place to call home can be a daunting task. That’s why Arcady Condo at Boon Keng MRT is a haven for those looking for a quality living experience in Singapore. With its range of unit choices, attractive location, and unique features, Arcady Condo sets itself apart from other developments in the area.

One of the key factors that make Arcady Condo a desirable choice for prospective homebuyers is its strategic location. Situated at 1037 Serangoon Road, this condominium offers unparalleled convenience with its proximity to amenities and excellent transportation options. Whether you need to commute to work or enjoy a day of shopping, everything you need is just a stone’s throw away.

What truly sets Arcady Condo apart from the rest is its commitment to providing residents with a premium living experience. The development features state-of-the-art facilities and thoughtful design that prioritizes comfort and luxury. From the moment you step into Arcady Condo, you’ll be greeted by an inviting ambiance that exudes modern elegance.

“Arcady Condo offers the perfect blend of convenience, connectivity, and comfort. It’s like finding your own slice of paradise amidst the bustling city.”

 

 

Prospective Homebuyers’ Haven What Sets Arcady Condo Apart
  • Range of unit choices to suit individual needs
  • Convenient location with amenities within reach
  • Excellent transportation options for easy commuting
  • Thoughtfully designed facilities for a premium living experience
  • An opportunity to own a freehold property in a highly sought-after location
  • Unique features and attention to detail
  • Sustainable design and eco-friendly initiatives
  • Ambiance that creates a sense of serenity
  • Affordable luxury with attractive pricing
  • Potential for favorable returns on investment

thearcady15

Embracing Lifestyle at Arcady Condo: Amenities and Facilities

Arcady Condo understands the importance of providing residents with a holistic and fulfilling living experience. That’s why we offer a wide range of amenities and facilities that cater to the diverse needs and preferences of our residents.

One of the highlights of Arcady Condo is the inviting swimming pool. Whether you enjoy a refreshing morning swim or a relaxing dip after a long day, our pool is the perfect place to unwind and rejuvenate. With its crystal-clear waters and serene surroundings, it’s like having a private oasis right at your doorstep.

In addition to the pool, we also have a state-of-the-art gym that is well-equipped with the latest fitness equipment. Stay in shape and maintain an active lifestyle without having to leave the comfort of the condo. Our gym is designed to meet all your fitness needs and offers a wide range of facilities and programs.

For those who enjoy spending time outdoors, our lush gardens provide a serene and tranquil retreat. Take a leisurely stroll along the landscaped pathways, surrounded by lush greenery that soothes the soul and calms the mind. It’s the perfect escape from the hustle and bustle of city life.

At Arcady Condo, we believe that social connections are just as important as physical well-being. That’s why we have created communal spaces where residents can gather and interact. Whether it’s the clubhouse, BBQ pits, or outdoor seating areas, these spaces are perfect for hosting gatherings and creating lasting memories with family and friends.

Our amenities and facilities are thoughtfully designed with your lifestyle in mind, ensuring that you have everything you need to live life to the fullest at Arcady Condo.

The Arcady Condominium

Affordability Meets Luxury: Arcady Condo Price Analysis

Arcady Condo stands out for its unique combination of affordability and luxury. In this section, I will analyze the price structure of this development, providing valuable insights into its value for money. Additionally, I will compare the prices of Arcady Condo with those of nearby condominiums, highlighting its competitive pricing and attractive investment potential.

Understanding the Price Quantum in Boon Keng

When it comes to choosing a property, understanding the price quantum is crucial for making an informed decision. Arcady Condo offers a diverse range of units, from 1 to 4 bedrooms, catering to the needs of individuals and families alike. The pricing structure is designed to provide affordability without compromising on quality and luxury. By carefully evaluating the price quantum in Boon Keng, prospective buyers can determine the value they will receive from their investment.

A Comparison with Nearby Condominiums

To truly understand the competitive advantage of Arcady Condo, it’s important to compare it with other condominiums in the vicinity. By analyzing the price differentials and features of nearby developments, we can ascertain the value proposition that Arcady Condo offers to potential buyers. This comparison will shed light on how affordability meets luxury at Arcady Condo, making it a standout choice in the market.

thearcady2

 

Arcady Condo Pricing

The price range of units for sale in The Arcady At Boon Keng is between S$1,200,000 – S$6,400,000 displayed in propertyguru.

Investing in Arcady Condo: A Smart Choice?

When it comes to making investment decisions, we all want to make the smart choice – the one that promises long-term value and attractive returns. In the case of Arcady Condo, this choice seems even smarter. Let’s explore why.

Long-Term Value of Freehold Properties

Investing in freehold properties, such as Arcady Condo, is a proven strategy to secure long-term value in the Singapore property market. With freehold ownership, you gain stability, as you have full control and ownership of your property, free from any leasehold constraints. Freehold properties also tend to appreciate in value over time, offering potential capital gains when you decide to sell in the future.

thearcady8

Rental Yield Prospects in District 12

For investors seeking rental income, Arcady Condo presents an enticing opportunity. Located in the highly sought-after District 12, the condo enjoys excellent rental yield prospects. The central location, combined with the proximity to amenities and transportation options, makes it a desirable choice for tenants. This increases the potential for steady rental income and favorable returns on investment.

Conclusion

In my opinion, Arcady Condo at Boon Keng MRT is more than just a residential development—it’s a lifestyle choice. The strategic location, contemporary design, and array of amenities make it a standout option for both homebuyers and investors.

For homebuyers, Arcady Condo offers the best of city-fringe living in Singapore. Its convenient location near Boon Keng MRT station provides easy access to transportation, allowing residents to explore the city with ease. The contemporary design of the development creates a serene and inviting atmosphere, perfect for those seeking a peaceful retreat.

Investors will also find Arcady Condo to be a smart choice. Freehold properties like Arcady Condo tend to hold their value well over time, offering long-term stability and potential appreciation. Additionally, the rental yield prospects in District 12 are promising, making Arcady Condo an attractive investment opportunity.

In conclusion, Arcady Condo at Boon Keng MRT offers a unique blend of convenience, modern design, and attractive amenities. Whether you’re looking for a new home or an investment opportunity, Arcady Condo is definitely worth considering. So why settle for ordinary when you can have an exceptional living experience at Arcady Condo?

FAQ

What is the location of Arcady Condo at Boon Keng MRT?

Arcady Condo is located at 1037 Serangoon Road, offering residents unparalleled convenience.

What types of units are available at Arcady Condo?

Arcady Condo offers a mix of 1 to 4-bedroom units, catering to both individuals and families.

What amenities and facilities are available at Arcady Condo?

Arcady Condo offers a wide range of amenities and facilities, including a swimming pool, gym, lush gardens, and communal spaces.

What is the pricing structure of Arcady Condo?

For information on the pricing structure of Arcady Condo, it is best to refer to the price analysis and comparison with nearby condominiums.

Is investing in Arcady Condo a smart choice?

Investing in Arcady Condo is considered a smart choice due to its long-term value potential and attractive rental yield prospects.

What sets Arcady Condo apart from other developments in the area?

Arcady Condo stands out from other developments in the area due to its range of unit choices, attractive location, and unique features.

 

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Prime District Condos Unsold Units: Includes launches in 2023 https://buycondo.sg/prime-district-condos-unsold-units-includes-launches-in-2023/ https://buycondo.sg/prime-district-condos-unsold-units-includes-launches-in-2023/#respond Thu, 27 Jul 2023 02:19:22 +0000 https://buycondo.sg/?p=29199 Prime District Condos Unsold Units: Includes launches in 2023 Prime Districts Condos have been extended from District 9, District 10, and District 11 and some Luxury Condos have been built in District 1, District 2, District 4, District 7, and District 15. Property Buyers with requirements for Immediate stay, Condo TOP 2023, Condo TOP 2024,...

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Prime District Condos Unsold Units: Includes launches in 2023

Prime Districts Condos have been extended from District 9, District 10, and District 11 and some Luxury Condos have been built in District 1, District 2, District 4, District 7, and District 15.

Property Buyers with requirements for Immediate stay, Condo TOP 2023, Condo TOP 2024, Condo TOP 2025, Condo TOP 2026.

Interactive Table (Click Filter add condition or Click on dropdown for sorting)

For a better glance, desktop view be better.

 

Prime District Condos Unsold Units: Includes launches in 2023

Lux Projects:

Prime District Condos Unsold Units: Includes launches in 2023

S/N Launched Date District LUX CLUSTER Total units Total Sold Balance Units Studio 1BR 1+S 2BR 2+S 2DK 3BR 3+S 3DK 4BR 4+S 5BR PH Villa
1 12-Aug-23 1 TMW Maxwell 324 0 324 201 39 34 16 34
2 1-Jan-18 2 Wallich Residence 181 176 5 1 3 1
3 20-Mar-17 4 Marina Collection 41 38 3 2 1
4 1-Sep-17 4 Reflections at Keppel Bay 177 175 2 1 1
5 30-Jan-21 4 The Reef at King’s Dock 429 413 16 7 9
6 1-Jul-21 4 Turquoise 35 33 2 1 1
7 1-Nov-21 4 Seascape 87 19 68 34 21 12 1
8 6-Jun-22 4 Corals at Keppel Bay 25 21 4 4
9 5-Jul-22 4 Cape Royale 180 89 91 72 16 3
10 21-May-21 6 Eden Residences Capitol 22 17 5 1 3 1
11 20-Nov-21 6 Canninghill Piers 696 679 17 5 1 9 2
12 5-Oct-19 7 Midtown Bay 219 120 99 45 48 6
13 20-Mar-21 7 Midtown Modern 558 519 39 6 33
14 1-Jan-18 9 Lloyd 65 58 19 39 5 27 7
15 1-Apr-20 9 Ritz-Carlton Residences 56 53 3 1 2
16 15-Jul-20 9 Reignwood Hamilton Scotts 56 2 54 51 3
17 17-Jul-20 9

Cairnhill 16

39 36 3 2 1
18 10-Mar-21 9 The Atelier 120 117 3 3
19 10-Apr-21 9 Irwell Hill Residences 540 533 7 2 3 2
20 20-Aug-21 9

KLIMT Cairnhill

138 72 66 18 16 32
21 15-May-23 9 OUE Twin Peaks 4 1 3 3
22 30-Jun-18 10 3 Orchard by the Park 77 72 5 1 4
23 8-Mar-19 10 Boulevard 88 154 139 15 15
24 26-May-19 10 Jervois Prive 45 12 33 3 15 7 3 3 2
25 23-Sep-19 10 Cuscaden Reserve 192 12 180 22 70 66 22
26 4-Jan-20 10 Leedon Green 638 623 15 3 9 1 1 1
27 20-Mar-20 10

19 Nassim

101 6 95 15 16 40 8 16
28 4-Apr-20 10 15 Holland Hill 57 56 1 1
29 15-Apr-21 10 Grange 1866 60 27 33 9 24
30 7-May-21 10 Park Nova 54 49 5 5
31 19-Dec-21 10

Perfect Ten

230 220 10 6 4
32 20-Jan-23 10

Dalvey Haus

11 5 6 2 3 1
33 22-Apr-23 10

The Giverny Residences

6 0 6 3 3
34 26-Jul-22 11 Enchante 25 7 18 9 4 4 1
35 13-Sep-19 15 Meyer Mansion 200 199 1 1
36 21-May-22 15 Liv @ MB 298 279 19 1 14 4
Total Lux Balance Inventories: 1295 201 128 91 272 119 34 269 38 4 95 1 10 32 1
S/N Launched Date District LUX CLUSTER Total units Total Sold Balance Units Studio 1BR 1+S 2BR 2+S 2DK 3BR 3+S 3DK 4BR 4+S 5BR PH Villa
2 2 Newport Residences 246 0 246 86 22 54 33 22 10 18 1
3 2 Skywaters Residences 200 0 200
Total Lux Up-coming Inventories: 446 0 86 22 54 33 0 22 10 0 18 0 0 1 0

Central Projects Condos Balance Units 23 July 2023

Central Projects Balance Inventories as at 23rd July’2023
S/N Launched Date District CENTRAL CLUSTER Total Sold Balance Units 1BR 1+S 2BR 2+S 2DK 3BR 3DK PH
1 1-Jun-16 1 V on Shenton 120 119 1 1
2 22-Jun-19 2 Sky Everton 262 261 1 1
3 7-May-21 2 One Bernam 351 191 160 17 54 62 24 3
4 21-Mar-20 3 One Pearl Bank 521 492 29 8 20 1
5 28-Nov-20 3 The Landmark 396 310 86 22 45 19
6 22-Feb-20 7 The M 522 511 11 3 5 3
7 4-Apr-20 9 Kopar @ Newton 378 371 7 7
8 5-Nov-22 9 Hill House 72 16 56 20 10 19 7
9 19-Nov-22 9 Sophia Regency 38 0 38 14 10 10 4
10 15-May-23 9 Orchard Sophia 78 0 78 15 55 3 5
11 2-Oct-20 10 Hyll on Holland 319 312 7 7
12 16-Feb-23 10 One Draycott 50 18 32 31 1
13 10-Jun-16 11 26 Newton 180 174 6 6
14 9-Nov-19 11 Pullman Residences 340 317 23 15 8
15 14-Oct-21 11 10 Evelyn 49 16 33 15 16 2
16 8-Mar-22 11 Ikigai 16 9 7 2 2 3
17 16-Feb-23 13 Myra 18 17 1 1
Total Post-launched Inventories: 576 125 23 243 77 4 81 5 18

 

 

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Showflat Viewing Guide https://buycondo.sg/showflat-viewing-guide/ https://buycondo.sg/showflat-viewing-guide/#respond Tue, 24 Oct 2023 11:00:33 +0000 https://buycondo.sg/?p=30062 Showflat Viewing Guide:  Factors to Consider when Viewing a Show Flat in Singapore Introduction: Factors to Consider when Viewing a Show Flat in Singapore Purchasing a property in Singapore is a significant financial decision, and viewing a show flat is an integral part of this process. A show flat allows potential buyers to get a...

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Showflat Viewing Guide:  Factors to Consider when Viewing a Show Flat in Singapore

Showflat Viewing Guide

Introduction: Factors to Consider when Viewing a Show Flat in Singapore

Purchasing a property in Singapore is a significant financial decision, and viewing a show flat is an integral part of this process. A show flat allows potential buyers to get a feel of their future home and make an informed choice. However, it’s vital to approach this step with a strategic mindset, well-armed with relevant information and prepared for the viewing. This article aims to provide a comprehensive guide on the factors to consider when viewing a show flat in Singapore, thus enabling you to maximize the benefits of your visit.

The first key aspect to consider before visiting a show flat is financial preparation. This involves setting a realistic budget and securing an Approval in Principle (AIP) from a bank. An AIP provides an estimate of the loan amount a bank is willing to offer, allowing you to understand your financial limits. Familiarity with the Normal Progressive Payment Scheme (NPS), commonly used for property purchases in Singapore, is also beneficial. The NPS breaks down the payment process into stages, letting you plan your cash flow better.

Moreover, leveraging reliable resources like WING TAI HOLDINGS Team can significantly enhance your property buying experience journey that provides in-depth analysis, reviews, and insights on various properties in Singapore, empowering you to make a more informed decision.

When viewing a show flat, it’s important to focus on several key factors. The location and accessibility of the property should be a top priority as it directly impacts your daily life. For instance, you might want to consider the property’s proximity to your workplace, schools, healthcare facilities, and other amenities[Additional Context]. Evaluating the floor plan and layout of the unit is essential to ensure it aligns with your lifestyle needs and preferences. For example, a home office might be a necessity if you frequently work from home[Additional Context].

Natural lighting and ventilation in the unit also hold significant importance. A well-lit and ventilated home can enhance your comfort and well-being. You might want to check the direction the windows face and if there are any obstructions blocking natural light[Additional Context]. Furthermore, assessing the quality of materials and finishes used in the show flat is integral. The quality of materials directly impacts the durability and maintenance needs of the property. For instance, you might want to check the type of flooring used and its resistance to wear and tear[Additional Context].

Preparing for a Showflat Viewing Guide

As mentioned earlier, financial preparation is an absolute necessity before visiting a show flat. This involves setting a definite budget, acquiring an Approval in Principle (AIP), and familiarizing yourself with the Normal Progressive Payment Scheme (NPS). For instance, an AIP can help you avoid the disappointment of falling in love with a property outside your financial reach.It’s also essential to understand the NPS as it allows you to plan your finances and anticipate future payment obligations.

Research also plays a vital role in the preparation process. It’s recommended to investigate the sale prices and rental rates of nearby properties. This information can provide a benchmark for comparison and negotiation. For instance, if a similar property in the same location has a lower price, you might want to question the higher price of the show flat. Researching and Comparing Properties

Once you’re adequately prepared, the next step is to research and compare various properties. It’s crucial to leverage resources such as the URA Master Plan to study future development plans for the area.This information can give you an idea about potential changes in the neighbourhood, which could impact your property’s value and livability. For instance, upcoming amenities like shopping malls or transport hubs can significantly enhance the convenience and appeal of your property.

Understanding the property market’s prices and trends is also important. It’s advisable to gather data on current market prices and historical trends. This can help you assess whether the property is priced competitively and anticipate potential price movements. For example, if the prices in the area have been steadily increasing over the years, it could indicate a high-demand location, which can be beneficial for property appreciation.

Effective Strategies for Showflat Viewing

Viewing a show flat is more than just a casual walkthrough. To make the most out of your visit, it’s crucial to adopt effective strategies. One such strategy is to prepare a list of questions to ask the property agents. This could include queries about the property’s maintenance fees, nearby construction work, future area developments, carpark layout, and more. For instance, you might want to ask about the number of carpark lots available per unit, especially if you own multiple vehicles.

Another strategy is to visualize your personal belongings in the space. This can help you assess whether the unit can accommodate your lifestyle and needs. For example, if you have large furniture items, you might want to check if they can fit comfortably in the unit. Furthermore, it’s important to understand space layout and design techniques. Some show flats might use mirrors or special lighting to make the unit appear larger. Being aware of these techniques can help you evaluate the actual size and layout of the unit accurately.

Unseen Considerations during Showflat Viewing

While the aesthetics and layout of a show flat are important, it’s equally crucial to consider unseen factors. For instance, asking about the number of lifts serving the units can provide insights into potential wait times during peak periods. Similarly, the location of the rubbish chute is worth checking as it can affect the cleanliness and odor around your unit. You might want to ask about these factors during your visit to ensure a comfortable living experience.

Moreover, it’s important to inquire about provisions not included in the show flat. Some show flats might display premium fixtures or appliances that are not included in the actual unit. For example, the show flat might showcase high-end kitchen appliances, but the actual unit might come with standard ones. Therefore, it’s beneficial to clarify what is included in the unit to avoid any surprises later on.

Key Factors to Consider when Viewing a Show Flat

Location and accessibility are undoubtedly paramount factors to consider when viewing a show flat. The property’s proximity to public transportation, amenities, and essential services can significantly impact your quality of life. For instance, a Condo near MRT stations or bus stops can make commuting easier, while proximity to supermarkets or healthcare facilities can add convenience.

When evaluating the floor plan and layout of the unit, focus on the practicality and functionality of the space. Consider your lifestyle needs and preferences to ensure the layout suits you. For example, an open-plan living area might be desirable if you frequently entertain guests. Conversely, if you value privacy, a layout with distinct, separate rooms might be more appropriate[Additional Context].

Natural lighting and ventilation are critical for a comfortable and healthy living environment. Check the orientation of the unit and the placement of windows to assess the amount of natural light and airflow. For instance, units facing North or South often receive consistent, indirect sunlight, which can keep the unit well-lit without causing excessive heat.

The quality of materials and finishes used in the show flat is also a key consideration. High-quality materials enhance the durability and aesthetics of the property. Check the type of flooring, countertops, bathroom fittings, and other finishes to assess their quality and durability.

Potential Hazards and Pitfalls

Being aware of potential hazards and pitfalls is crucial when viewing a show flat. By researching similar developments, you can gain insights into any potential issues or concerns. For example, if previous projects by the same developer have had issues with poor construction quality or delayed completion, it might be a red flag.

In addition, make sure to examine the actual floor plan layout for details on facilities and communal spaces. The layout of these spaces can impact your living experience. For instance, if the gym or swimming pool is located close to residential units, it might lead to noise complaints. Similarly, if the communal areas are too small compared to the number of units, it might lead to overcrowding.

Quality and Finishing in Show Flats

The quality and finishing of a show flat can provide insights into the overall quality of the development. Understanding the defects-free period and procedures for rectifying defects is important. For instance, if the defects-free period is only twelve months.

In addition, verify the inclusion of appliances and check the quality of bathroom fittings. Some developers may display premium appliances in the show flat, but the actual unit may come with different brands or models. Similarly, the bathroom fittings’ quality can reflect the property’s overall quality and durability. For example, good-quality faucets and showerheads can last longer and require less maintenance.

Making an Informed Decision

After all the research and viewing, it’s time to make a decision. However, it’s important not to rush into committing. If you feel hesitant, take a short break and reassess. This can help you make a more objective decision. For example, taking a step back can provide the clarity you need if you feel pressured by the sales agent or are unsure about certain aspects of the property.

Remember, buying a property is a significant decision, and it’s essential to feel confident and comfortable with your choice. Don’t feel obliged to make a decision on the spot. It’s perfectly acceptable to take your time, revisit your notes, or even view the show flat again to ensure that it’s the right fit for you.

Financial Considerations and Legal Aspects

Finally, understanding the financial considerations and legal aspects is crucial when viewing a show flat. Check how much of your CPF savings you can use for the property purchase and understand the Additional Buyer’s Stamp Duty (ABSD) bracket that you fall into. For example, first-time buyers and Singapore citizens are exempted from ABSD, while others may have to pay a significant amount.

It’s also important to understand the payment process under the Normal Progressive Payment Scheme (NPS) and the balloting process. The NPS breaks down the payment into various stages, while the balloting process determines the order of unit selection among buyers. Understanding these processes can help you navigate the property buying process with ease.

Conclusion and Call to Action

Viewing a show flat in Singapore involves consideration of various factors, from financial preparedness to detailed property assessment. By being well-prepared and informed, you can make a more informed decision about your property purchase. At Wingtaiholdings.sg provides valuable resources and information to assist you throughout the process, ensuring that you have all the necessary tools to make a well-informed decision.

In conclusion, remember that buying a property is a significant decision and should not be rushed. Take your time to consider all factors, ask questions, and make an informed choice.

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ALTURA EC Launching: Why is everyone going crazy about EC in Singapore? https://buycondo.sg/altura-ec-launching-why-is-everyone-going-crazy-about-ec-in-singapore/ https://buycondo.sg/altura-ec-launching-why-is-everyone-going-crazy-about-ec-in-singapore/#respond Sat, 27 May 2023 01:25:52 +0000 https://buycondo.sg/?p=27798 ALTURA EC Launching: Why is everyone going crazy about EC in Singapore? The Rising Craze of Executive Condominiums in Singapore: Affordable Luxury and Exclusive Living   Executive condominiums (ECs) are highly sought-after residential options in Singapore, standing out as a more upscale choice compared to other HDB flats such as BTO flats, Sale of Balance...

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ALTURA EC Launching: Why is everyone going crazy about EC in Singapore?
Executive Condominium
Executive Condominium

The Rising Craze of Executive Condominiums in Singapore: Affordable Luxury and Exclusive Living

 

Executive condominiums (ECs) are highly sought-after residential options in Singapore, standing out as a more upscale choice compared to other HDB flats such as BTO flats, Sale of Balance Flats (SBF) units, and Open Booking of Flats (OBF) units.

 

Referred to as “sandwich flats,” executive condominiums in Singapore represent a unique housing category combining public and private housing elements. They cater to middle-income Singaporeans who are ineligible for an HDB flat due to the income ceiling, yet consider private condominiums financially out of reach. What sets ECs apart is their attractive pricing in comparison to private condominiums while still offering comparable amenities and designs.

 

 

“Wait, Sooooooo What’s so good about Executive Condominium then?”

“Isn’t Private Condo still superior over Executive Condo?”

 

LET’S TAKE A LOOK AT THE COMPARISON BELOW

 

Executive Condo Vs Private Condo

 

 

 

Advantages of Buying Executive Condos in Singapore

 

1. Executive Condos Are Priced lower Compared to Private Condos

Executive Condominiums buyers get to enjoy the perks of living in private property as subsidized by the government, provided that they fulfill the eligibility requirements. In addition, first-time Executive Condo buyers may be entitled to CPF housing grants. Even though the lower price tag, EC owners also get to enjoy the full condo facilities and fully equipped kitchens and bathrooms that are comparable to condominiums.

 

 

“Considering buying at subsidized rates, and can be sold freely in open market after 10 year!”

 

 

2. Privatised After 10-Year Mark.

Given their more affordable cost and the 10-year privatization rule, numerous buyers of executive condominiums (ECs) hold the belief that these properties may experience higher capital appreciation compared to private condominiums after the 10-year mark. Don’t forget that you will be buying from HDB at a subsidized price. *Grin*

 

3. CPF Housing Grants for First-Timer Applicants (EC)

Source:HDB
Source: HDB

 

Households comprising SC and SPR individuals are eligible for an additional $10,000. This amount can be obtained when the SPR member converts to an SC and applies for the Citizen Top-Up within 6 months of meeting the eligibility criteria.

 

4. Favorable Housing Option for Middle-Income Singaporeans Designed for Own Stay

Executive condominiums (ECs) were primarily designed to serve as residences rather than investment assets. As part of this intention, specific regulations exist for EC owners. Firstly, the buyer must reside in the EC for a minimum of five years before it can be sold. Furthermore, even after the five years, there are restrictions on the sale, allowing only Singapore Citizens or Singapore Permanent Residents to purchase the property. However, once reaches the 10-year mark, the EC is effectively transformed into a private condominium and can be freely sold to anyone on the open market!

These measures aim to provide context to the nature of ECs, which are subsidized by the state and intended to facilitate homeownership for Singaporeans rather than serving as investment opportunities for real estate investors. While the Minimum Occupation Period (MOP) may be seen as a constraint, it does not pose any obstacles for those who view an EC primarily as a place to call home and have genuine intentions of residing in it.

 

5. No ABSD payable

Good news! Due to the recent implementation of hefty ABSD increment, many HDB upgrades face issues with forking out the ABSD upfront though it can be remission after selling the previous home within six months of getting the new one. But if you purchase an Executive Condominium (EC), you don’t need to pay the ABSD first, you do still need to dispose of your flat within six months but at least there is no need for extra cash or CPF savings upfront. Yay!

 

disadvantages of buying EXECUTIVE CONDOS IN SINGAPORE

 

1. Limited to Bank Loans for Executive Condo Purchase

In contrast to an HDB loan, when obtaining a bank loan, the Loan-to-Value (LTV) limit is set at 75% of the property’s valuation or price, whichever is lower. This implies that you will need to contribute a minimum of 25% of your funds for the down payment of your executive condominium (EC). Out of this amount, 5% must be paid in cash, while the remaining 20% can be financed through a combination of CPF funds and cash.

Furthermore, you will also need to consider the Mortgage Servicing Ratio (MSR) and Total Debt Servicing Ratio (TDSR) rules. Under the MSR rule, you are only allowed to allocate a maximum of 30% of your monthly income toward servicing your home loan. Regarding the TDSR rule, the total amount dedicated to debt repayments, encompassing obligations such as car loans, credit cards, and student loans, cannot exceed 55% of your monthly income.

2. HDB Rules Apply

As previously mentioned, executive condominiums (ECs) are classified as HDB properties in the initial 10 years. During this duration, it is mandatory to adhere to HDB regulations, including the Minimum Occupation Period (MOP) requirement. The MOP entails residing in your EC for five years before you can consider selling or renting it out, limited to Singapore Citizens (SCs) and Permanent Residents (PRs) only. It’s important to note that the MOP period commences once the development has obtained its Temporary Occupation Permit (TOP).

 

3. New EC Launches Are Limited

Due to the high demand and scarcity of EC launches in Singapore, whenever there is a new EC launch, it tends to spark a frenzied rush among potential buyers.

 

 

Upcoming EC launch for 2023

 

ALTURA EC

 

1st EC launch in Bukit Batok after more than 20 Years, 1KM from the future ACS Primary, Princess Elizabeth, Dulwich College, and more!

 

 

Number of Units: 360

Size: 134,004 Sqft

Location: D23 – Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang

Address: Bukit Batok West Ave 8

Developer: TQS (2) Development PTE LTD

 

 

altura ec, executive condominium
Altura EC Map

 

Visit ALTURA EC Site for more information. Learn more.

 

 

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For more EC eligibility & property inquiries, please feel free to connect with us to learn more!

 

Looking for more similar articles? Check out BuyCondo’s Blog section! 

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Buying A Condo By Floor Plan  https://buycondo.sg/buying-a-condo-by-floor-plan/ https://buycondo.sg/buying-a-condo-by-floor-plan/#respond Sat, 22 Oct 2022 09:32:53 +0000 https://buycondo.sg/?p=16343 Buying A Condo By Floor Plan  Do not be surprised that a handful of property buyers can make a decision to buy a condo based on their floor plans and layouts. The main two reasons are the Condo is building under construction(BUC) or the property is tenanted and the tenants not cooperative in showing “Potential...

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Buying A Condo By Floor Plan 

Do not be surprised that a handful of property buyers can make a decision to buy a condo based on their floor plans and layouts. The main two reasons are the Condo is building under construction(BUC) or the property is tenanted and the tenants not cooperative in showing “Potential Buyers”.

But before deciding to buy a condo, in particular, you must read through the detailed description of the condo. For example, many things make an apartment building more attractive than another based on its layout and amenities.

Figuring out which floor plan is right for you when buying a condo is important. After all, you want to make sure you love your new home. But with so many different options available, how do you choose?

In this blog post, we’ll discuss how to read floor plans so you can make an informed decision when buying a condo. We’ll cover raw square footage, Singapore’s unique features, and Distributed functional spaces. By the end, you’ll be able to choose the right floor plan for you confidently.

The basics

An architectural floor plan shows a residential unit’s layout and structure from a bird’s eye perspective. In addition to basic information like the number of rooms, bathrooms, floors, and amenities within a unit, each floor plan will vary in detail.

Generally, Singapore’s floor plans typically use the imperial system, with unit sizes shown in square feet (although some also use square meters). This section has a conversion table for the most common floor sizes in HDBs and condominiums. One square meter (sq m) equals 10.76 square feet (sq ft).

Singapore’s unique features

Some aspects of floor plans are uniquely Singaporean despite similarities in symbolism, structure, and labelling. These include:

Household shelters(H/S):

A housing shelter became mandatory for all new residential units in Singapore in 1998 under the Civil Defense Shelter Act. Bomb shelters serve as pantries or storerooms in cases of heavy bombardment. The shelters are frequently referred to as bomb shelters. If your apartment is small (e.g., less than 900 square feet), a household shelter can take up a lot of space, making it feel cramped. Shelters for household items should also be placed in the hallway since dwellings set there appear smaller.

Bay Windows (B/W) and Planter box(PL) :

baywindow planter box aircon ledge

A bay window refers to the projection from a room that holds a set of windows raised at least 0.5m from the floor. The point is often in the form of a rectangular ledge and we commonly call it a window seat.

Planter boxes were introduced to provide ‘vertical greenery’ in condos and create ‘visual relief to our high-density living environment’.

Bay windows and planter boxes, which may make up to around 25% per cent of a condo’s saleable area, had been exempted from GFA calculations. Above is an example of the calculations. But developers had been charging buyers for them in providing them to buyers previously.

Fortunately, The ruling effectively removed Bay Windows and Planter Boxes from the exempted list which took effect on 1 Jan 2009. Hence the newer launched condo are largely built without the bay window which will represent a more accurate live-in space.

A commonly asked question is whether bay windows can be removed, they are structural, and you are not allowed to remove them. You could improvise the bay windows for more efficient usage or consider selling it off and upgrading to a bigger condo for your family.

PES:

pes meaning for floor plan

An outdoor space surrounding a residence on the ground floor is known as a PES. PES stands for ‘private enclosed space‘ Since they are not restricted by size, PESs for private units can be as small as a shoe rack outside the front door to as large as several hundred square feet continuously surrounding the team. The PES will be useful for people who wish to engage in certain outdoor activities, such as gardening or meditation. Pet-Owners who wants to give their dogs more outdoor space.

Dual key layouts:

3bedroom Dual Key unita

There are two separate homes within the same building in this dual key concept, a brand new local housing concept. There are various dual key options, including studios and three-bedrooms, as well as other dual key configurations. This unit has been referred to as multigenerational housing. You will need to purchase the dual key apartment for aged parents or tenants to determine whether the studio shares amenities with the main apartment or is entirely separate.  

Maid room:

Among the Southeast Asian countries, Singaporeans employ the largest domestic workers. Most private condos come with a maid’s room in their apartment, and some households opt to have a maid visit for a short time, while most opt to have a maid stay permanently in their home. There is a wide range of these compartments, from small ones only intended for sleeping to large bedrooms with attached bathrooms typically located down a hall from one another.  

Distributed functional spaces

There are many floor areas, including the main living area, bedrooms, bathrooms, kitchens, dining rooms, storerooms, etc., but supplementary spaces, such as planters, air conditioning ledges, PES, foyers, roof terraces, etc. The ratio of main areas versus extra spaces has to be examined since additional rooms do not come with any size restrictions. 

As an example, many double-storey penthouses have inflated floor sizes. Despite its impressive floor size, penthouse units may have open terraces and swimming pools covering half or more of their floor area. Likely, the main areas will only be marginally larger than those in the non-penthouse units, but they will be marginally larger than those in non-penthouse units (where you would spend most of your time). You have to decide whether you are willing to pay an excessive amount for such a penthouse apartment.

Likewise, suppose you will not be able to dedicate a significant portion of your household space to indoor plants. In that case, you have little reason to have 10 percent of your unit’s square footage divided up between planters.

It is a good idea to investigate a unit’s floor plan if you intend to buy one so you can determine if it is distributing space conveniently, that will reflect your lifestyle needs.

Why is a floor plan useful for upgrading/renovating?

By looking at the floor plan of a unit, you can also determine whether it is hackable. It is important to check the structure of the walls, doors, windows, and stairs in your unit if you would like to have the option of re-partitioning your space – some walls, doors, windows, and stairs are more difficult to restructure.

According to the rules laid out in the Civil Defense Shelter Act, walls, indicated by bold lines on the floor plan, are load-bearing walls – they are crucial in holding a building together and are not torn down. The thickness of the walls indicates whether they can be demolished. It is also forbidden to alter the walls that make up a household shelter according to the Civil Defense Shelter Act rules.

Some internal walls need the MCST approval before they can be removed. Stairways and doors attached to load-bearing walls are not allowed to be removed either. 

Some units also have a utility room, and some condominium units provide a study room or guest room. These spaces can be easily converted into a baby nursery or an office.

The bottom line is that, although floor plans do not tell you anything about how an apartment is furnished, its interior decoration, or how it feels – that would have to be determined after viewing the unit – they are a great visual aid, which is useful for both property brokers and buyers.

Free Condo Floor Plan

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NEW CONDO LAUNCHING IN 2021 https://buycondo.sg/new-condo-launching-in-2021/ https://buycondo.sg/new-condo-launching-in-2021/#respond Mon, 11 Jan 2021 08:42:45 +0000 https://buycondo.sg/?p=1140 NEW CONDO LAUNCHING IN 2021 S/N Project  Name Location District Type of Sale Tenure Developer No. of Units^ Launch Date* 1 Parc Central Residences (executive condo) Tampines Avenue 10 18 Government Land Sale 99-years Hoi Hup Realty and Sunway Development 700 1Q2021 2 Normanton Park (retaining  its former name) Normanton Park 5 Collective Sale 99-years...

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NEW CONDO LAUNCHING IN 2021
S/N Project  Name Location District Type of Sale Tenure Developer No. of
Units^
Launch Date*
1 Parc Central Residences (executive condo) Tampines Avenue 10 18 Government Land Sale 99-years Hoi Hup Realty and Sunway Development 700 1Q2021
2 Normanton Park (retaining  its former name) Normanton Park 5 Collective Sale 99-years Kingsford Development                                     apartments 1,840 & 22 strata terraced houses 1Q2021
3 Cairnhill 16 (former Cairnhill Heights) 16 Cairnhill Rise 9 Collective Sale Freehold Tiong Seng Holdings and Ocean Sky International 39 1Q2021
4 The Reef at King’s Dock Harbourf ront Avenue 4 Keppel Bay land parcel 99-years Mapletree and Keppel Land 429 1Q2021
5 New condo at Jalan Bunga Rampai Jalan Bunga Rampai/Bartley 19 Government Land Sale 99-years Wee Hur (Bartley) Pte Ltd 115 1Q2021
6 Midtown Modern 16 & 18 Tan Quee Lan Street 7 Government Land Sale 99-years GuocoLand, Hong Leong Holding and Hong Realty 558 1Q2021
7 Les Maisons Nassim (former bungalow site at 14 & 14A Nassim Road) Nassim Road 10 Private treaty sale Freehold Shun Tak Holdings 14 1Q2021
8 The Atelier (former Makeway View) 2 Makeway Avenue 9 Collective Sale Freehold Bukit Sembawang  Estates Limited 120 1Q2021
9 One-North Eden One-north Gateway 5 Government Land Sale 99-years TID Pte Ltd (joint venture between Hong Leong Group and Mitsui Fudosan) 165 1Q2021
10 Rymden 77 Lorong H Telok Kurau 15 Collective Sale Freehold Quek Hock Seng Development 31 1Q2021
11 Peak Residence (former Peak Court) Thomson Road 11 Collective Sale Freehold Tuan Sing Holdings Limited 90 1Q2021
12 Perfect Ten (former City Towers) Bukit Timah Road 10 Collective Sale Freehold CK Asset Holdings 230 1Q2021 / 2Q2021
13 Klimt Cairnhill (former Cairnhill Mansion) Cairnhill Road 9 Collective Sale Freehold Low Keng Huat 138 1Q2021 / 2Q2021
14 EDEN (former Hampton Court) Draycott Park 10 Collective Sale Freehold Swire Properties 20 1Q2021 / 2Q2021
15 New condo at Canberra Drive (Land Parcel B) Canberra Drive 27 Government Land Sale 99-years UOL Group and UIC 448 1Q2021 / 2Q2021
16 Irwell Hill Residences Irwell Bank Road 9 Government Land Sale 99-years City Developments  Ltd (CDL) 540 2Q2021
17 Park Nova (former Park House) Tomlinson Road 10 Collective Sale Freehold Shun Tak Holdings 54 2Q2021
18 One Bernam Bernam Street/Tanjong Pagar 2 Government Land Sale 99-years Hao Yuan Investment and MCC Land 351 2Q2021
19 Provence Residences (executive condo) Canberra Link 27 Government Land Sale 99-years MCC Land 413 2Q2021
20 New condo at Canberra Drive (Land Parcel A) Canberra Drive 27 Government Land Sale 99-years JBE Holdings 220 2Q2021
21 New executive condo Fernvale Lane 28 Government Land Sale 99-years Frasers Property 500 2Q2021
22 Amber Sea (former Amber Glades) Amber Gardens 15 Collective Sale Freehold Far East Organization 132 2Q2021 / 3Q2021
23 New residential-commercial project (former Realty Centre) Enggor Street 2 Collective Sale Freehold The Place Holdings N.A. 2Q2021 / 3Q2021
24 Canninghill Square (Liang Court) Clarke Quay 6 Phased Acquisition 99-years CapitaLand and City Developments  Ltd (CDL) 700 3Q2021
25 La Mariposa (former Tian Court) Mangis Road 15 Collective Sale 99-years Lakeview Investments 17 3Q2021
26 Pollen Collection Nim Road/Ang Mo Kio Avenue 5 28 Legacy Land Bank 99-years Bukit Sembawang  Estates Limited 132 3Q2021
27 New mixed-use development Pasir Ris Central 18 Government Land Sale 99-years Allgreen Properties and Kerry Properties 487 3Q2021 / 4Q2021
28 New condominium  (former Kovan Lodge) Kovan Road 19 Collective Sale Freehold Soon Lian Realty 50 3Q2021 / 4Q2021
29 The Cairnhill (retaining  its former name) Cairnhill Rise 9 Legacy Land Bank Freehold Far East Organization N.A. 3Q2021 / 4Q2021
30 LIV @ MB (former Katong Park Towers) Arthur Road/Mountbatten Road 15 Collective Sale 99-years Bukit Sembawang  Estates Limited 298 4Q2021
31 Grange 1866 (former iliv@Grange) Grange Road 10 Redevelopment Freehold Grange 1866 Pte Ltd 60 4Q2021
32 Sunstone Hill Balmeg Hill/Pasir Panjang Road 5 Collective Sale Freehold Sunstone Properties (Pasir Panjang)  Pte Ltd 28 4Q2021
33 New executive condo Yishun Avenue 9 27 Government Land Sale 99-years Sing Holdings 600 4Q2021 / 1Q2022
34 New residential project (redevelopment  of Royal Oak Residence) Anderson Road 10 Collective Sale Freehold FEC International 110 4Q2021 / 1Q2022

 

New Launch TOP in 2024

 

 

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