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Freehold Brand New Development 4 MRT stations to City Hall for S$6xxk??
12-03-2019, 06:17 PM.
Post: #1
Freehold Brand New Development 4 MRT stations to City Hall for S$6xxk??
[Image: Rezi-24-Condo.jpg]

Is it still possible to find a freehold property with low entry level, within walking distance to MRT and is just 4 stops away to City Hall? With the rising property prices in Singapore, such property is a rare gem and hard to come by. However, we can still find such development only in Geylang. Is it still such a bad stigma to own a Geylang property? Well, time have change in this new era. For what it is worth, Geylang is still located in the city fringes in Singapore and is currently undervalue. Seize this opportunity while you can if you want your property to appreciate over the long run. Reasons being:

1) Plot ratio of 2.8, which means it is possible to build 36 storeys building
- with the affirmation that Paya Lebar Airbase will be shifted by 2030, properties that are affected by the height restriction will only benefit in time to come
- Geylang is only 8 storeys! Next en bloc wave after 2030?

2) Strategically located within walking distance to Aljunied MRT and Mountbatten MRT. For an average of 1500 psf, isn't it a good buy? Not to mention freehold.

3) City fringe location, close proximity to CBD and MBFC. Be it taking the public transport or driving, we are still considered the most affordable freehold city fringe projects in Singapore

4) Expats are renting in these places, where you can find good food and amenities, yet enjoying its close proximity to the central business district. That is a huge savings for them as compared to renting in Orchard. 

5) Good rental yield, low window period for vacant units, affordable entry price. 

6) Sandwich between Kallang and Paya Lebar business Hub

There is no doubt that Geylang is well known to be a Red light district. However based on the master plan, Government have many plans related to the redevelopment of Geylang. Similar to previously red light areas such as Keong Siak and Bugis, I strongly believe the relocation of red light areas in Geylang, not now but in future (Orchard Towers area maybe  :laughing ). As of now, these redlight areas are shrinking and being pushed further in.

There are many more reasons to why you should secure your one and only chance over here. We have just a launch for you. If you are looking for status and feel Geylang is considered a Red light area, then this is not the development for you. However if you are looking for good capital appreciation and rental returns, then do consider our latest project launching soon. PSF ranges from $14xx - $15xx.

1 bdrm  - 7 units (From 1583 psf)
Price from $682,600
431 / 452sqft

1 +study - 40 units (From 1510 psf)
Price From $682,600
452/463/484/495/506sqft

2 bdrm.   - 35 units (1470 psf)
Price from $$807,100
549/570/603/646/657sqft
2 +study  - 10 units (1465 psf)
Price from $1,025,500
700 / 753sqft

3 bdrm    - 10 units (1447 psf)
Price from $1,386,400
958 / 1001sqft

3 +study  - 5 units (1375 psf)
Price from $1,628,000
1184sqft

4 bdrm  - 3units (1470 psf)
*Price from $1,740,500*)
1184 / 1195 /1335sqft

Total : *110 units*

Eligibility
1) Remember cannot buy private property during HDB MOP (5 years), unless under another person name who is free of this MOP restriction
2) Unless you are cash rich and don't need loan, you are welcome!
3) If you have more than 1 property on hand, please fix an appointment (scroll to bottom) to discuss in detail
4) If this is your first property and you're a Singaporean, all you need is at least S$200k cash/cpf (at least 35k in cash, the rest can be CPF)

Based on a property purchase price of $700,000
- Bank loan up to 75% = up to $525,000
- Base on MAS calculation of 3.5% interest rate, assuming 25 years loan, Monthly Mortgage will be $2628.27 (will be much lesser since interest is hovering around 2%)
- Assuming salaried employee, you will need at least a monthly salary of $4380.45 to own a freehold property
This is just a guide. Do not over stretch when investing in a property. Ideally, a 5 years saving plan is more than enough. The more the merrier.

If you are comfortable, speak to a professional for more information on this project and details on your financial calculation. Fix an appointment with me for viewing, calculation, and discussion on the future potential of Geylang. 

Register an appointment over at my website by clicking on this link -> Rezi 24
Or call/whatsapp me @ 91505616 Janson

Remember, See see look look no buy nevermind. Ultimately, your success is based on your calculated decisions made in life!

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