When contemplating investing in a condo, it is essential to consider the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can differ significantly depending on various factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of the rental potential of a specific condo, it is crucial to conduct thorough market research and seek advice from real estate agents. For more information on Singapore condos, visit elemeno-pee.com.
In the upcoming SRI auction on March 15, a 99-year leasehold semi-detached house located at Kew Heights in District 16 will be offered for sale with a guide price of $3.65 million. This rare opportunity to own a property in this highly sought-after estate presents a great investment opportunity for potential buyers.The three-storey house boasts a spacious floor area of 4,436 sq ft and sits on a corner plot of 3,034 sq ft. With its guide price of $1,203 psf, this property offers one of the lowest land rates currently available in the area. The house is being sold under mortgagee sale and will be offered with vacant possession, making it an ideal property for families looking for a new home in the area.Potential buyers can also explore the possibility of converting some of the open spaces in the house into additional bedrooms, making it an ideal choice for extended or multi-generational families. This is a great opportunity to own a landed property in a prestigious estate at a more affordable price.Furthermore, the Kew Vale estate has seen a steady increase in property prices in recent years, with 99-year leasehold semi-detached houses being sold at an average land rate of $1,213 psf in 2023 and 2024, up from $1,002 psf in 2021 and 2022. This makes the guide price of $1,203 psf for the property at Kew Heights an attractive and competitive offer for potential buyers.The Kew Vale estate is conveniently located near major motorways such as East Coast Parkway (ECP) via Bayshore Road and will be served by the upcoming Bedok South MRT Station along the Thompson-East Coast Line when it opens in 2H2026. The area also offers access to renowned schools such as Temasek Primary and Secondary Schools, Bedok South Secondary and Bedok View Secondary, making it an attractive choice for families with school-going children.Don’t miss out on this rare opportunity to own a landed property in a prestigious estate at an affordable price. The auction for the semi-detached house at Kew Heights will take place on March 15, so register your interest now and be a part of this exciting opportunity.