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US Housing boom in Silicon Valley

Property Here - Thursday, June 13, 2013

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By Nikki De Guzman:

A slew of new condominiums and apartments are rising in Silicon Valley in the US, with around 1,700 units underway in San Mateo County and 8,000 units in Santa Clara County.

Most of these developments are expected to draw the Generation Y/Millenials due to modern lifestyle amenities including wi-fi connectivity, fitness and wellness centres, dog washing, paperless leasing as well as parks.

Over at Foster City, Sares Regis Group of Northern California has just completed Plaza (pictured), a new apartment community where rents range from US$2,600 (S$3,266.34) for the smallest one-bedroom to US$5,000 (S$6,281.26) for its highest-end three-bedroom.

Located near Marina Lagoon and Hillsdale Shopping Center, the community offers resort-like amenities such as pools, private cabanas and umbrellas, media centre as well as outdoor fireplace and fountain. Units have features that include stainless steel appliances and stone counter tops.

Image source: Dennis Mayer

Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@allproperty.com.sg