Direct Developer Sale! 2-Br Penthouse and 3-Br Units Available
⭐Ritz @ Farrer⭐
✅ 1 x 2 Bedroom Penthouse and 2 x 3 Bedroom Units Available
✅ 2 Bedroom Penthouse, 1098 sqft, $1,600,000, $1,457 psf [Currently Tenanted at $3,300 till Jan 2023 (2.47% renal yield)]
✅ 3 Bedroom, 1066 sqft, $1,583,000, $1,485 psf [Currently Tenanted at $3,500 till July 2024 (2.65% rental yield)]
✅ 3 Bedroom, 1141 sqft, $1,629,000, 1,428 psf [Currently Tenanted]
✅ TOP in December 2016!
✅ Freehold
✅ 2 Swimming pools at the roof
✅ Walking distance to Farrer Park MRT
✅ 3.35m Floor to ceiling height
✅ Developer provides 5 sqm loft
⭐Investment Thesis⭐
Ritz @ Farrer is located in District 8 which is in the Rest of Central Region (RCR) category. The location alone is highly sought after with New Launch Units within the same vicinity asking for a much higher price. To give an example, the project 1953 is now selling at $2000 psf. Hence, in comparison, Ritz @ Farrer which is selling for under $1,500 psf is a real starbuy.
The investment play would be to buy the units with tenancy to collect the rental income while waiting for the asking prices of the units to go up. To put things into perspective, Ritz @ Farrer units which are being sold by homeowners are now going for $1.74M to $1.79M. Why not get it at a discount when you can buy it directly from the developer at $1.6M?!
⭐Amenities⭐
✅ 8 mins walk to Farrer Park MRT
✅ 6 mins walk to Mustafa Centre
✅ 7 mins walk to Centrium Square Mall
✅ 8 mins walk to City Square Mall
⭐Centrally Located Within City Fringe⭐
✅ Short drive to City Square Mall, Poiz Centre, Mustafa Centre and Aperia Mall
✅ 6 mins drive to Orchard Road
✅ 9 mins drive to Marina Bay Financial Centre
✅ Easy connectivity via CTE, PIE
⭐For Those Who Do Not Drive⭐
✅ 1 MRT stops to Little India - Downtown line
✅ 2 MRT stops to Dhoby Ghaut (Plaza Singapura) - North-South line, Circle line
✅ 3 MRT stops to Clarke Quay
✅ 4 MRT stops to Chinatown
✅ 4 MRT stops to Serangoon (NEX Mall) - Circle Line
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