With many Singaporeans looking overseas for good property deals, Canada is slowly becoming an alternative investment destination for buyers and investors, backed by its stable economy and affordable properties.
Gearing up to meet the expected demand, Canadian developer Stone Creek Resorts, Inc. will showcase its latest development – The Residences at Silvertip Village at an upcoming sales event in Singapore in July, as well as in Bangkok, Hong Kong, Beijing and Shanghai.
The 550-acre master-planned resort, located in Canmore near Calgary, Alberta, features a broad range of amenities such as tennis courts, championship golf courses, an ice rink, swimming pools, along with easy access to ski resorts and other outdoor facilities.
“Canada is ripe for investment by today’s Asian elite,” noted Guy Turcotte, CEO of Stone Creek Resorts, Inc.
“The Residences at Silvertip Village offer all the luxury and appeal of the most exclusive North American and European mountain villages, but with the added security of the sound Canadian and energy backed affluent Alberta economy and a location known for its pristine, untouched beauty.”
In addition, the development is within close proximity to Banff National Park and Calgary International Airport.
Julian Sedgwick, Director and Head of Business Development at Savills, said: “Alberta is a secure and fundamentally solid Canadian real estate market. Property values are rising; with positive cash flow potential exceeding normal market returns. The real beauty of Canmore, Alberta is the awesome scenic amenities. For investors there are two potential tenants’ streams – the vacationers and long term renters.”
Located next to the Silvertip Golf Clubhouse, Phase One of the project is scheduled to be completed by 2015 and will include The Lancaster Residences Building, with 41 studio, one-, two-, and three-bedroom suites and The Sienna Residences Building, with 47 units.
Ranging in size from 500 sq ft to 2,000 sq ft, the units are priced from $550,000 CDN (S$681,496).
Image: The Residences will be located within Silvertip Village, which is known for its pristine beauty.
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