Why you should consider this unit :
# The owner had created an extra room elegantly in living area now become 4+1, providing more spaces for family members, and increase rentability to tenants who want more rooms for better privacy.
# Size does matter, bigger means better quality of life and privacy. These days rarely you can find in any new project unless in the high upmarket segment where unit are selling way above $2xxx. In mass market condo usually at suburb area and mostly 99 leasehold, with 4+1 or largest unit size seldom hit 1400 sq.ft. because developers prefer to build more units at smaller size to maximise higher return.
# The maintenance fee per quarter is well below $900, compared to many 3 bedrooms newer condo already charge over $1100 for size around 1000 sq.ft, while many 2 bedrooms size below 700 sq.ft charge over $900. That reflect healthy fund and excellent management of the estate over 3 decades.
# Highly connectivity from Cashew Station (DT2), which is only 6 mins walk from the unit very doorstep. Reach downtown easily within 30 mins by train, Close to BKE/PIE and many buses along upper bukit timah road. To changi airport only take 30 mins by car or 70 mins by train.
# Cashew Heights Condo is 999 leasehold (from 25/09/1882), technically is as good as freehold property. New launches these days are mostly leasehold, even the land could be freehold, but that is owed by developer. When they build a new project, they can sell it under 99 or 60 year lease term, they will take back the property and re-developed again generate next cash cow when the lease expired.
# Highly enbloc potential - The land size is 88,535.8 sq.m or 952,991 sq.ft, is one of the biggest land plot in Singapore, yet the total unit is only 596. Many new condo are way over populated sitting on much smaller land with plot ratio over 2.8 making future enbloc almost less profitable. URA Master plan is revised every 5 years, the last 2019 revision Cashew Heights' plot ratio still remains at 2.1 while neighboring plot has been increased to 2.8 and 3 as evidenced by newer development took place in recent years.
# Developer who enbloc big pieces of land usually break the land into smaller pieces for different developments, such as change of usage, building more units much like todays' condo development trend in order to maximise the land/plot ratio. Cashew Heights have great upside due to its excellent location. As mentioned, developers today likely to redevelop new project and sell under shorter lease such as under 99 or 60 years lease. Only freehold and 999 lease properties which is rarely available these day, allow them to have such free-play to keep rolling future return.
This unit has just been tenanted at $5600, the record high in the area till end of May 2023.
Please contact Sam Wong 9067XXXX for viewing.
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