Has The Best Yet To Come?
District 20 has always been a highly sought after location for both home stayers and investors. It was much associated with the mature estates of Bishan, Ang Mo Kio and Thomson where you can get the convenience from amenities like AMK Hub, Bishan Junction 8, Thomson Plaza and to name a few.
The location can also be regarded as an prestigious estate, especially if the properties are close to Singapore Island Country Club or Lower Pierce Reservoir. District 20 features many new developments as well as pockets of established and large bungalows. It is more affordable than lower numbered districts, hence making it an ideal district for high quality living.
In the past 5 years, among of the condominiums in district 20, three prominent projects had scaled new heights and transacted above $1,500 psf.
Among these, Centro Residences had topped the historical scale and transacted a whopping $1,920 psf in the year of 2013. Both Panorama and Thomson Grand had also achieved $1,592 psf and $1,564 psf respectively. All three of them are 99 year leasehold development. On a fair note, Centro Residences was the most accessible project to the MRT and it had drawn the highest attention in terms of locality. However, does location itself justify the amount of psf being paid for a 99 yr property? And how much does one need to sell in order to have a break-even, let alone a profit? Perhaps time can only tell.
There is, however, an upcoming new development by Fortune Land (previously developed the Estri Villas at Sixth Avenue, Jalan Lim Tai See) along Upper Thomson Road, right at the edge of Lower Pierce Reservoir Park which home stayers and investors should pay more attention to… The Adana @ Thomson. This is an new launch condo which has an exclusive 74 units, comprising 2, 3 and 4 Bedroom residential units. Most important of all, Adana is FREEHOLD. As of now, the official price has not been indicated but we were informed that they will be very attractive. If you are looking for serenity and a nature lover, do stay tune to viewshowflat.sg as we will be bringing you the latest news for Adana @ Thomson.
VSF Management Team