There have been many property launches in Singapore in the last two years as the government is trying to provide enough housing for the growing population. There are so many launches and it is not easy to choose which one is the best buy. Here are some factors to consider when determining if that condo is right for you and your family.
1. Rent
Singaporeans always consider location to be the most important reason when it comes to buying property. Most properties fetch a premium price when located near MRT stations or many services. Also, being in the different districts has a different kind of prestige that comes with it. For example, districts 1 to 11 are all in the central area of Singapore and thus more expensive compared to the central areas.
2. Type of tenure
Most Singaporeans believe that freehold land or property is worth more. They also prefer to buy freehold properties, although they usually have to pay a significantly higher price compared to rental properties. However, is freehold status really necessary when it comes to condos? Do you really stay in the condo building forever or do you want to pass that apartment on to your next generations? Therefore, the freehold type of tenancy might be more applicable to real estate and not to condominiums.
3. Rental potential
As well as buying a house to stay in, many Singaporeans now buy property as an investment. Many new articles in recent years have claimed and highlighted that rental yields have increased. Singaporean investors and foreign investors have flocked to the Singapore real estate market to purchase rental units as a source of their passive income.
With all these factors in mind, The Party at Sengkang could be an ideal choice.
First of all, it is just a minute’s walk from Sengkang MRT station. You can expect to reach Dhoby Ghaut in just 20 minutes. Not only that, it has Sengkang LRT Station, Sengkang Bus Interchange, Compass Point Shopping Mall, Sengkang Polyclinic, Sengkang Post Office and Sengkang Community Center right next to the MRT station. .
With La Fiesta’s proximity to nearby Seletar Aerospace Park, Sengkang General Hospital (to be completed in 2018), United World College, Temasek Polytechnic, and Singapore University of Technology and Design, you can expect to have rental demand for many students and working professionals. With a high rental demand, you will be able to rent your apartment in La Fiesta for a good rental yield. When the next line of investors comes along and sees that you have a high rental yield percentage, they will be willing to pay a higher price for your unit.
La Fiesta is a leaseable condominium for 99 years, but that does not affect its potential capital gains. With such a select location and strong rental demand in the future, it will be a sound investment.