The Alcove 3 Beds, 1292sqft, Only $786psf!!! Great Rental Yield!!

Unit Information

Project: The Alcove
District: 14
Tenure: 99years, TOP: 31st Dec 2004, Total 102 units
Location: Lorong 27 Geylang, 5 mins walk to Aljunied MRT
Unit: High Level
Carpark: Basement, Ample Lots
Facilities: Full except Tennis Court
Maintenance: $300 inclusive of Sinking Fund
Size: 3 Bedrooms, 1292sqft
Sell with Tenancy: JAN 2013 
Asking price: $1.02M Negotiable
Feature Points– Best investment in Geylang, as Odd lanes lorongs starting from Lorong 23 onwards is residential zone and local banks award Full 80% mortgage loan(For buyers without existing mortgage, subjected to own credit status)
– Last Gold Mine in Singapore, cheapest PSF are found here with 2 URA Masterplans in this area. 10 mins drive to Marina Bay Sands & CBD. 4 stations by MRT to City Hall.- Once masterplan is completed for Kallang Riverwalk and Paya lebar Biz Hub, this area will potentially boom over $1000psf.- Latest launch at Lorong 25 and 25A are sold out at $1200psf for mickey mouse freehold units. This is only $786psf. What is the risk?

– Unit is selling with tenancy till JAN 2012, whats the benefit? They can safe the loss of rental time to search for tenant as well as save on agent fees to help rent out the property after completion. Rental yield is at 4.3X%.

– Very very easy to rent out. Units here rent out through grapevine without the need for advertising!- Awarded Top 10 interior Condo Versage Award by interior design magazine in 2007.- Good size of 1292sqft, with balcony in Living room and Master bedroom, the Expats here loves the balconies, easier to rent to expats.

– Still the cheapest buy in town, $786psf only. The number 3 cheapest location in Singapore compared to Woodlands and Choa Chu Kang. Safe price to enter at for a 1292unit, rather than spending the same amount to invest in high psf priced 1 bedders or Studios. Even if market goes the other way round, how cheap do you think it will go?
Comparisons made-
——– Investors are starting to look at this area due to the low psf and huge potential. based on Masterplan 2008.
——– Why spend $1400psf to $1600psf to invest in a tiny Studio unit with only 5xxsqft also at in other areas where Risk is much higher, For The Alcove, even if price drops if it were to happen, the safety nett price is much contained.
——–HDB across the street at Geylang East and Old Airport road are going at $600K to $750K for a 5 room flat already
——–Dakota Residences and Waterbank going at $1300psf to $1500psf, also 99 years lease hold.
 Pictures
Pls refer to my Link at
Alternatively, you may visit my Listings Website at

Sims Green 3+Patio, Ground Floor Unit for Sale

New Listing for Sale!

Unit Details
3 Bedroom Unit
Patio – Front and Back Patio Space
Built in Area – 1238sqft
Patio – 387sqft
Total Size – 1625sqft
Asking Price – $1.1M Negotiable
Viewing arrangement – Flexible

Property Info

Description

Rare, Beautiful 3 bedder Ground Floor unit, Front and Back Patio.
Very Well Maintained. Huge SPace for Kids and Family
Call for viewing now. Vacant Possession!

Details

Property Name: Sims Green
Property Type: Apartment
Price: S$ 1,150,000    Negotiable  
Price (psf): S$ 707.69 psf (built-in)
Floor Area: 1,625 sqft / 150.97 sqm (built-in)
Condition: N.A.
Developer: Hoi Hup Development Pte Ltd
Tenure: 99-year Leasehold
TOP Year: 2004

Developments and Masterplans in Geylang Vicinity

With the developments coming up in Paya Lebar Business and Commercial Hub, as well as Kallang Riverside developements as unveiled in URA Masterplan. Geylang Area Properties are sitting on a good run for future upside potential, in my own opinion. Based on per square foot pricing for the properties there currently, with a huge bulk of the properties still transacting in the $700psf to $900psf price range for the existing completed properties in the resale market, i believe the upside potential is there.

Link from URA
http://www.ura.gov.sg/skyline/skyline08/skyline08-03/text/08.htm

Paya Lebar Future Business and Commercial Hub

Kallang Riverside Masterplan Developments

Sims Green Condo 2bedroom, 958sqft for Sale $860K

Sims Green Condo 2bedroom, 958sqft, 

Price – Asking $860K negotiable
Expected Rental – $3.2K Full furnished condition
Living room – Faces West with Balcony
Main Door – Faces South
Type – Vacant Possession



Development Name:
Sims Green
Property Type:
Apartment
Developer:
Hoi Hup Development Pte Ltd
Tenure:
99-year Leasehold
Completion Year:
2004
# of Floors:
8
# of Units:
108
Sims Green is a 99-years leasehold development located at 7 Lorong 27A Geylang, Singapore 388133, in District 14, 5mins walk from Aljunied MRT Station. Completed in 2004, this apartment development comprises 108 units. The Kallang Riverside Park and Upcoming Paya Lebar Business Hub are within the vicinity. Facilities at Sims Green include swimming pool, BBQ pits, gym, fitness corner, tennis court, and playground. 
Several feeder bus services are available close to Sims Green. Good schools, such as Tanjong Katong Girls’ School and Chung Cheng High School, are located just a short ride away. 
Numerous eateries are sprawled across the area and within a short walk away. Residents can buy their necessities at the Sims Place Market and Food Centre located just a short walk away or, alternatively, head down to the aforementioned Sims Avenue Centre for more amenities.