As discussed earlier, the other cluster housing development that will likely open for sale as well in the September / October 2018 period, will be the Parkwood Collection launch. It is similar in many ways to Belgravia Green, but is significantly different in a couple of aspects too.
Parkwood Collection Launch with Belgravia Green . Similarities
Parkwood Collection is actually located closer to Tre Residences than Belgravia Green, in fact less than 6km away measured in a direct line. Though generally both are in the same corner of Singapore, at the north-east area.
The Parkwood Collection launch offers 53 units, less than Belgravia Green’s 81 units, but still considerably more than most cluster housing projects. So it enjoys the same advantages in terms of lower maintenance costs.
It also offers a good selection of communal facilities, interspersed with gardens and landscaped areas. That is one of the reasons leading people to buy strata housing rather than a standard landed house. It allows residents to live a landed lifestyle, while having a pool and gym literally at your doorstep, without the maintenance hassles. Just use and walk away when done. No cleaning up, or maintaining it, or repairs to worry about.
Key Differences
The key advantage that Parkwood Collection enjoys over Belgravia Green is its much more convenient location. It sits in the Realty Park Estate, that is less than 10 minutes walk from Hougang MRT station and Town Centre with its malls and shops. There are even 2 supermarkets, besides the usual shops, pharmacies, cafes, restaurants, and fast food outlets.
Parkwood Collection Launch Location
On the other hand, Belgravia Green enjoys the advantage of being a freehold property, whilst the Parkwood Collection launch is on 99 year leasehold land. But this is not such a major concern as it might seem at first. That’s because the land for cluster houses, like those for condominiums, is strata-titled and jointly owned by all residents. So eventually, when it ages, if more than 80% of the owners agree to do so, they can jointly decide to sell the land to a property developer who can pay the government to top up the lease.
This is unlike the case for individually owned landed houses. That is why buyers prefer to buy freehold for traditional landed property, but less of a concern for cluster housing.
At the end of the day, whether you opt for the Belgravia Green or Parkwood Collection launch, depends on your preference. Be it having the day to day convenience of an MRT station and shops, or having freehold tenure, whichever is more important to you.
The showflat will open for VIP Preview soon. Let us know if you would like to make a viewing appointment, or if you would like the Parkwood Collection floor plan brochure sent to you.