Villas, condos, townhouses, twins, quads, and single-family homes at the beach or in beach resorts. Vacation homes offer a great opportunity for investors. The second home and vacation home market has been skyrocketing. The baby-boomer generation is in or approaching its’ peak earning years and not afraid to spend money on real value.

Across the board from coast to coast the Pacific, Atlantic, or along the Gulf beach front and beach areas have taken off. Some coastal resort properties have increased in value 60% and more over a 12 month time period. The areas are not only the prime high priced island and gated communities but almost any where near the ocean. A couple of years ago the quiet lower priced areas saw a big demand and their values have exploded. Two years ago the $140,000 rancher near the beach has now become the $350,000 beach house with no renovations just straight appreciation.

Friends bought a 2 bed 2 bath 1000 sq ft condo near the beach (not on the beach) for $355,000 Feb 2005. 4 months later another friend bought in the same building, same size unit for $415,000. Now 10 months later another condo in the same building, same size unit sold for $495,000. Can you believe it $140,000 in10 months with no money down. There is a waiting list to buy these 23 year old condos they are sold over the phone when they become available.

16 Beach front condos sold in 45 minutes. Average price was 1.4 million dollars the 2 penthouse units sold for1.8 million. The sale was pre construction by lottery. Each potential buyer either deposited or had a letter of credit for $200,000 in order to be placed on the list. Pricing was fixed by the developer on the day of the drawing no one knew in advance. The drawing process was very simple as your name was drawn you could pick which unit you wanted and at the pre determined priced. The buyers’ only decision was yes or no. The 16 units sold to the first 16 names drawn no one backed out. There were 190 buyers in the lottery. This year the second building sold faster and for more money.

Tags : Beach Property, Real Estate Resort, Resort Investments

With the new Singapore Integrated Resort coming up, hot property condo developments are coming up all over the island to tie in with the expected completion of Resorts Island Casino. Siglap V was one of the largest launches in the EAST side of Singapore. Its phase 1 units were sold out and phase 2 bookings begins after Chinese new year. There are also many smaller scale condo launches in the east. These condos have about 50 or so units and they do not have the condo facilities. This may be good for those that don’t really need a swimming pool, gym, security guards. This can be a savings of ave $500 a month in terms of maintenance fees.

The good thing about buying property in the EAST is that its located in an expat area of Singapore where you can get good rental yield. It’s also close to the seaside and you can expect good ocean breezes in the evenings. Areas around Newton Circus, then just slightly farther away, at Novena have many new up and coming condos that cater to the expat crowd. If you want a unit close to town and can afford the prices required, then a property at Newton Circus may be suitable for you.

River Valley is prime real estate and it sits just off Orchard Road. If you’re looking to stay here, the units are generally smaller. If you want city location, and are comfortable with smaller units, then giving up room space for a fair pricing based on location is what you can find from condos such as River Valley Edge. Real estate in this area is heating up because of its location near the expat area Holland Village. With the New Circle MRT, many good properties are being built in this area. One premium project is the Holland Collection worth your attention if cluster houses are your interest.

Tags : Apartments, Property, Real Estate Resort