Great time to invest ahead of Commercial rejuvenation (Singtel new HQ with retail mall + potential redevelopment of Concorde Hotel and shopping centre) in the close vicinity that would drive future value enhancement. This development has huge reserves and the sinking fund is only charged at $1 per share value. As-is, the current yield is more than 3%, which is good for a Freehold residential in the CCR.
Excellent unit for investment or small families.
Development is well located - minutes walking distance to Somerset MRT/Orchard road. Development has full condo facilities including hydrotherapy pool and sauna. Located along the heritage Killiney road, it has 24/7 supermarket, famous eateries nearby. Built on elevated ground, residents enjoys peace and quiet; yet great convenience.
Owner/Investors would benefit upon the completion of the redevelopment of Singtel HQ into mall cum high end offices.
Unit is the less common larger 1 br that comes with storage room (I've seen tenants convert this into a study or small bedsitter) and a kitchen area that can be enclosed. Also comes with a small balcony. Overall, a very comfortable living space. Every floor has only 4 units.
SRX estimates the market price of this unit at $XXXXXX
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