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Choosing real estate in a growing primary housing market

Choosing real estate in a growing primary housing market

Choosing real estate in a growing primary housing market

  • Convenient parking and spacious courtyards

  • Residential units in building 1.2: variety and prices

  • Advantages of high ceilings Trust in reviews Quality of finishing materials Complaints and recommendations Studying the surroundings Conclusion

  • Prospects of the residential area "Sunny City"

  • Choice of mortgage for new buildings in St. Petersburg

  • Installment plans and other conditions for purchasing property in "Sunny City"

Despite its low-rise structure, the complex has everything you need.

Each entrance is equipped with an elevator for the convenience of residents. However, there are no underground parking facilities, and information about covered parking is currently unavailable.

Parking will be organized along the roads and around the buildings of the complex. There are 270 car spaces and 130 for bicycles.

For residents there are ready underground parking lots in the complex "Sunny City". Parking in the courtyards of the complex is prohibited.

Cozy inner courtyards with elements of landscape design

The inner courtyards will create an atmosphere of comfort and tranquility, equipped with children's and sports playgrounds, as well as relaxation areas. The landscape design includes hills, stone gardens, and green lawns, designed to change colors and moods with the seasons.

Infrastructure and educational institutions near the complex

There are plans to locate kindergartens and schools within the neighborhood. Educational institutions are already operating near Veteran Avenue.

Construction completion dates and sales planning

The first phase of construction is scheduled to be completed by the end of the second quarter of 2021. Occupancy of the buildings and the opening of the shopping center may take up to 6 months after that.

Apartment sales are conducted in stages to maintain a stable demand for real estate in the complex.

Choosing real estate in a growing primary housing market

Presentation of residential layout options

The construction company Setl City has presented a wide variety of layout options for residential units in building 1.2. In this building, you can find both family apartments with 4 units in one entrance and studios with 8-13 neighbors on the same floor.

The family apartments have a view to the avenue, but in the future a mirrored section with a view to the kindergarten will also be available, where interesting planning solutions will be presented. At the moment only one variant of a two-bedroom apartment with spacious rooms, a dressing room, an additional bathroom and a wide corridor is shown. The price per square meter depends on the floor, with the first floor having the most favorable prices, while on the top floor they are the highest. This applies to both family and studio apartments.

Distribution of rooms and prices

At the same time, commercial spaces on the first level of building 1.2 will include shops, cafes, and other amenities. The building also features commercial premises. The price per square meter is up to 100,000 rubles, while on the top floor it rises to 106,000 rubles. On the second floor, there is a two-room apartment, while other entrances have euro-three-room apartments and more classic options.

Innovative planning solutions

The distribution of rooms in the Sunny Ruchey LCD complex suggests that exceptional planning solutions can probably be expected. Windows in the restroom, master bedrooms and laundry rooms are presented as a fashionable innovation, but at the start of sales they are not yet observed. The price per square meter in one-room and studio apartments usually does not exceed 110,000 rubles, which is quite a bargain.

Setl Group and Setl City: leaders in residential construction

Setl Group and its subsidiary Setl City are known for the timely delivery of residential properties. They choose unique locations near parks and metro stations. Their projects are always substantial and of high quality. However, despite all their efforts, some issues occasionally arise, such as leaks on the roofs and in the parking lot of the residential complex "Sunny Stream".

For now, we can only hope for new interesting offers in the next buildings of the complex, as Setl Group and Setl City have a reputation as leaders in residential construction in the city of St. Petersburg. Alternatively, they could possibly be the leading companies in the housing construction industry.

The advantage of high ceilings

High ceilings are one of the advantages to think about. Living on the second floor also has its pluses and avoids some problems. I am very happy that the developer's representative tries to promptly resolve all issues and help in every situation.

Trust in reviews

Personally, I don't really trust the reviews that can be found on other resources, as they are often either completely positive or have a negative tone. However, on some sites, you can find reviews from real investors, and they are often supported by photos. I found a very informative report that could be useful for potential investors.

Quality of finishing materials

The finishing materials have already been replaced, so the "turnkey" apartments look somewhat different. Overall, the client gave a high rating to the developer and decided to reach out to them again, which in itself is already a good recommendation. I recommend checking out the details.

Complaints and recommendations

Some people have complained not only about the finishing but also about their interactions with the exclusive broker's managers. It is worth noting that this agency is part of the Setl Group holding, which makes them affiliated entities. We will take these complaints into account and will definitely address them in the next part.

Exploring the surroundings

For now, let's take a look at the surroundings of our new building and learn more details. Just a month ago, I visited the residential complex "Sunny City" due to the launch of sales for a new phase and shared my impressions about the social and transport infrastructure. Since then, I have tested the new section of the Veterans Avenue road, which has reduced travel time by 10 minutes. This time, the route went through the private sector to Budennovsky Avenue.

To the right of us is the territory of the residential complex "Sunny City. Residences." In the review, I attached a screenshot of the discussion of this post and highlighted all the important points for your attention.

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This neighborhood can be called a kind of bridge between high-rise buildings and the private sector. Along Veteran's Avenue there are still high-rise buildings with 8-12 floors.

Active work is underway at the construction site, and the area has already been fenced off almost up to the "Lenta" hypermarket. Some sections are already equipped with machinery, but everything is quiet on our side.

Advantages and disadvantages of the first phase of construction

The first phase of construction has both positive and negative aspects.

  • A plus is the presence of a park in front of the development.

  • To the right of the site is Sosnovaya Polyana Park, but the map shows that they are separated by an industrial zone. It is not known if the factories are currently active there.

  • A downside is the proximity of already built houses. According to the manager, they plan to develop this area for another three years.

Social infrastructure

Across the street, there are various commercial properties and social infrastructure, including a school, kindergartens, and a clinic.

Improving the transportation situation

New traffic lights are being installed in the area, and public transport stops are being built. It is expected that by summer, the construction will be completed up to the center of Veteran Avenue, which will ease the transportation situation, as Peterhof Highway is often congested. The nearest metro station can be reached in 15 minutes outside of peak hours.

Management of a residential complex

It is likely that the management of the "Sunny City" residential complex and its "Residences" will be entrusted to a single company. Therefore, it is worth carefully examining the already constructed blocks.

Landscaping and cleaning of the area

Courtyards are neatly landscaped, snow is removed immediately after it falls. DSS cars are evacuated from an unacceptable parking space. The road to the new buildings is temporarily blocked, making it difficult to drive down the one-lane street. Underground parking lots are empty, snow is not removed on the streets.

Architectural style

On the route, we see several new houses that differ in architectural style from the Setl City projects.

Selection of new buildings in St. Petersburg

In this area, various developers are active. For example, a residential complex called "English Mile" with brick facades is being built near the Peterhof Highway. This project is attractive, but some of the walls are made of foam blocks. Setl City, on the other hand, prefers to use brick in its constructions.

All Setl City new buildings are sold through the real estateagency "Petersburg Real Estate", which has several sales offices and consulting offices throughout the city. For example, there are two offices and a showroom within the Sunny City Residential Complex, one of which is located opposite the future houses of the Residence. If you are not familiar with the area of the development, it is better to contact an office near a particular project.

Real estate sales

  • "St. Petersburg Real Estate" sells not only properties from Setl City but also from other developers.

  • The company's managers understand market offerings and conduct analysis of new projects.

  • The agency's website allows you to compare different properties and track the construction process.

Mortgage lending

Prices for apartments are available after registration on the website, which also describes the benefits of the projects and mortgage calculations. Currently, the average interest rates on loans are 8.5 - 9.0%, but there are offers at 7.4%, but they may not be the most favorable, according to experts. Additional information about promotions and subsidized programs will be provided by mortgage managers of the developer.

One of the alternative methods of paying for housing is through installment payments.

The terms of its arrangement may vary depending on the developer, so it's best to clarify this information with the manager.

For example, the residential complex "Sunny City. Residences" offers two installment plans:

  • 20/80: the down payment is 20% of the total cost of the apartment and the remaining amount must be paid after 4 months.

  • Installment plan with a down payment starting from 30%and with further equal quarterly payments until the completion of the house construction, while the price of the apartment will increase by 15%.

Booking accommodation with price lock

You have the opportunity to book an apartment for two weeks with a refundable deposit of 20,000 rubles. Non-refund of this amount is possible only in case of refusal to buy the apartment. "Sunny City. Residences" is the developer's first project with the use of escrow accounts. For clients, the process of concluding a contract remains the same, only now the money is transferred to the escrow account. The first contract for this complex has already been signed.

Development on Peterhof Highway

Several residential complexes are actively being built on Peterhof Highway, including the "Baltic Pearl" microdistrict. This area has both completed and under-construction complexes. In contrast, the cost of housing in the "Nautilus" residential complex, which features low-rise buildings, is significantly higher than in the new developments. However, in our residential complex, apartment prices are comparable to those in "Sunny City" and "English Mile," and in the case of the first option, they may even be cheaper.

Interesting conditions from Glorax Development

The company Glorax Development also offers interesting conditions – the pre-finish and rough finish are discounted by 10,000 rubles per square meter.

Conclusion

When choosing a new building, it's important not only to pay attention to its external beauty but also to consider the situation more broadly. The "Sunny City. Residences" residential complex can offer us modern apartments that meet the latest design trends and high-quality finishes. However, it's also important to take into account other factors, such as infrastructure, transportation accessibility, and proximity to educational and medical institutions. It's essential to ensure that the new residential complex will be comfortable and convenient for living, not just visually appealing. Ultimately, the choice of housing should be conscious and well-thought-out to provide comfort and safety for oneself and one's family in the new home.

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