Northwave EC is a soon to be completed real estate construction project in Singapore. The executive condos that are being constructed at Northwave are among several construction projects being planned and then built on the island at the moment. Condos are regarded as been a viable way of providing enough places for people to live in the island despite its relative lack of land. The Urban Redevelopment Agency has done its bit to reduce the scarcity of housing by making more land parcels available to lease over a period of the last few years.
Northwave EC Pricing Woodlands
Depending on where the plots of land are located the competition to gain the 99 year lease can be fairly intense for Northwave EC Woodlands Ave 12. When real estate or property development companies are convinced of the viability of a site for property development more of them will be tempted to bid for it. In the case of Northwave EC the winning tender was actually made by the firm Hao Yuan. This firm placed the highest tender bid and are currently having the condos built and will put them up for sale shortly before all of the building work has been completed.
Northwave Hao Yuan Showflat
Hao Yuan regarded placing the highest bid on the tender as being a sound investment instead of being an unjustified gamble. They could successfully argue that the positioning of the Northwave EC between Woodlands Avenue and Gambas Avenue in District 12 will lead to many people wanting to buy a condo on that site. Even during recent hard financial situations the firms like Hao Yuan that have built condo developments in well located areas generally make a sound return on the capital they put into those projects.With Northwave being in such a good location, and featuring condos of such a high quality build Hao Yuan should have no problems in selling them all.