Ultimately, there are many benefits to be gained from investing in a condominium in Singapore. These include a high level of demand, potential for significant appreciation in value, and attractive rental yields. However, it is crucial to carefully consider various factors before making such a substantial investment. These factors may include the condo’s location, financing options, government regulations, and overall market conditions. By conducting thorough research and seeking guidance from industry professionals, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer interested in a stable and profitable investment, Singapore’s condo market presents a compelling opportunity. To learn more about the latest and most exciting Singapore projects, consider visiting Singapore Projects for valuable insights and insider information. With careful consideration and expert guidance, you can confidently enter the vibrant world of Singapore’s real estate market and reap the rewards of your investment.
An exquisite Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave has been put up for sale through an expression of interest (EOI) exercise, with an estimated price of $60 million. According to a press release by esteemed marketing agent Cushman & Wakefield on January 8, the price equates to $2,742 per square foot (psf), reflecting a land area of 21,881 square feet.
Shaun Poh, the executive director of capital markets at Cushman & Wakefield, highlights the unique features of the freehold plot, as it is situated on elevated ground, making it an ideal location for redevelopment. “It presents a perfect opportunity for buyers looking to design and construct their dream multi-generational home, or for developers to create a luxurious and state-of-the-art GCB that caters to the discerning tastes of affluent individuals.”
In addition to its prime location, the property is adjacent to the renowned Singapore Botanic Gardens and just a short drive from the bustling Orchard Road shopping district. This highly coveted address is also in close proximity to prestigious schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution, and Hwa Chong Institution.
Poh further highlights the desirability of the neighbourhood, particularly among ultra-high net worth individuals, as evidenced by recent transactions at Nassim Road and Tanglin Hill, which have set new record land prices of $4,500 psf and $6,200 psf respectively.
Interested buyers or developers may submit their bids for the property through the EOI exercise, which will close on February 11 at 3pm.
Investing in a condo involves more than just purchasing the property. Along with the purchase price, buyers must also consider the ongoing maintenance and management of the unit. This includes paying a monthly maintenance fee that covers the upkeep of shared spaces and amenities. While these fees may increase the total cost of owning a condo, they also ensure that the property is well-maintained and retains its value over time. To help make this investment more passive, investors can enlist the services of a property management company to handle day-to-day tasks related to the condo. Furthermore, keeping an eye on New Condo Launches can also be beneficial in finding a well-maintained and valuable property for investment.