Location and Property Overview
Tembusu Grand is a luxurious condominium located in Tampines Avenue 1, Singapore. The property sits on a 236,738 sqft land area and boasts modern facilities such as gymnasiums, swimming pools, and a playground. The condo comprises of 722 units in total that are spread across an extensive range of 17-27 storeys. Tembusu Grand’s location allows easy access to nearby amenities including top schools, shopping malls, and public transport services.
Property Prices
The prices of properties in Tembusu Grand’s vicinity are determined by various factors such as location, distance from amenities, transportation options and property type. Condominium properties around Tembusu Grand differ in price depending on the developer and the development phase. A comparative analysis of the prices of the properties in the vicinity of Tembusu Grand reveals that the average price per square foot (psf) of a unit in these properties is SGD 1,200 to SGD 1,800 psf.
Singapore Market Overview
Latest data from the Urban Redevelopment Authority (URA) indicates that the Singapore property market has remained stable despite the COVID-19 pandemic. The overall price index in the private residential property sector has remained unchanged for two consecutive quarters since Q2 2020. The market’s resilience is attributed to various factors including the government’s effective containment of the virus, ample liquidity in the market, and historically low-interest rates that have sustained demand for housing.
Factors Affecting Property Prices around Tembusu Grand
Several factors impact the prices of properties around Tembusu Grand. One of the most significant factors is the property’s location. Properties located in prime areas and have access to modern facilities such as transportation, top schools, and healthcare facilities, have higher prices. Proximity to Tampines MRT, Tampines Mall, Tampines One, Century Square and Tampines Regional Centre attracted the development of luxurious properties around Tembusu Grand, with prevailing prices ranging from SGD 800 psf to SGD 1,000 psf.
Another factor affecting the prices of properties around Tembusu Grand is property type. Properties that are unique and have unrivaled facilities have higher prices in comparison to conventional properties. The Tembusu, located near Tembusu Grand, comprises 337 residential units and remained a popular choice for buyers and investors due to its unimpeded views, innovative designs and investment potential. The units in The Tembusu sold at an average of SGD 1,600 to SGD 2,000 psf.
Investment Potential
Properties in the vicinity of Tembusu Grand have fantastic investment potential, particularly those that are strategically located, have multiple floor plans, and boast rich facilities such as a gym, playground, and swimming pool. Their location allows residents to enjoy the best that Singapore has to offer, such as the easy transport, top-class shopping malls that are in adjacent areas and reputable schools that provide quality education to their children. Moreover, the prices of properties within Tembusu Grand’s vicinity are generally stable, and their appreciation rates remain impressive.
Conclusion
In conclusion, properties in the vicinity of Tembusu Grand have competitive prices that are comparable to similar properties in Singapore. The prices are premised on several factors such as location, property type, and amenities available, among others. The resilience of the Singapore property market amid the COVID-19 pandemic is encouraging for Tembusu Grand’s investors and buyers, as the market remains stable. Investing in properties around Tembusu Grand could be a wise decision for homeowners seeking the best living facilities and investors seeking to grow their wealth as the properties appreciate in value over time. Plunge further into the subject by visiting this suggested external site. Tembusu Grand Https://Www.Tembusu-Grand-Cdl.Com.Sg, you’ll uncover extra details and an alternate perspective on the subject addressed.
Interested in learning more? Explore the related posts to broaden your comprehension: