1. District 20 Bishan; Ang Mo Kio: Bishan Loft and Nuovo
The particular area where an EC is located definitely plays a vital role in their high return of investment. However, factors that distinguish an EC from the rest within its district are without a doubt the facilities it offers and close proximity to the amenities within that particular district.
The top performing EC, Bishan Loft, is a 99-years leasehold Executive Condominium development located at 31 – 35 Bishan Street 11. The reason for its appeal lies in its walking distance to Bishan MRT Station, which appeals to potential buyers as Bishan MRT station offers accessibility to the CBD via the North-South and Circle lines. Completed in 2004, Bishan Loft is also close to Bishan Junction 8 shopping mall and MacRitchie Reservoir Park that provides a wide array of options for leisure.
Not only does Bishan Loft provide potential buyers with top-notch facilities like a swimming pool, tennis court, gym and a games room, the amenities within Bishan appeals greatly to potential buyers, especially families as reputable schools including Raffles Institution and Australian International School are just a few minutes’ walk away. Moreover, driving from Bishan Loft to either the business hub or the vibrant Orchard Road shopping district takes 10 – 15 minutes, via Central Expressway, which further highlights the myriad of leisure and family bonding options.
Likewise within district 20 in Ang Mo Kio Ave 9, Nuovo is a 99 years leasehold condominium development completed in 2004 which offers full condo facilities for example a clubhouse, Jacuzzi, gym and 24-hour security.
Within a few minutes’ drive away from Ang Mo Kio Hub where a host of amenities are readily available like retail outlets, supermarkets, restaurants and banks, Nuovo is definitely attractive to potential buyers. Another reason is that Nuovo is located close to schools in the vicinity such as Anderson Primary and Presbyterian High School.
Distance to Yio Chu Kang MRT Station and other recreational facilities in the area such as Yio Chu Kang Stadium and Grassroots Club as well as Ang Mo Kio Hub also play a part in accentuating the value that Nuovo already possesses.
2. District 23 Bukit Batok; Bukit Panjang : The Dew and The Quintet
The Western parts of Singapore may seem elusive to many Singaporean property buyers and may therefore lead analysts to conclude that ECs built there may not attract high prices. On the contrary, 2 of the top ECs are situated here.
What accounts for their popularity? Transportation networks and developments taking place within the districts of the ECs play a precedent role in determining its value but ultimately perhaps the facilities offered distinguishes a particular EC from the rest within its district.
Located at 30 Bukit Batok Street 21, The Dew is a 99-years leasehold development nearby Bukit Batok MRT Station. Completed in 2004, The Dew is close to Bukit Batok Nature Park and Bukit Timah Nature Reserve. Facilities at The Dew include swimming pool, Jacuzzi, BBQ pits, gym, tennis court, clubhouse, and playground. One prominent feature of The Dew is the numerous feeder bus services available nearby. Several reputable schools such as Bukit View Secondary School, Yusof Ishak Secondary School and the German European School also concentrate the area.
Residents can head down to Bukit Batok Central as well for amenities such as shopping centres, supermarkets, restaurants, eating establishments, banks, cinema, bus depot, and library.
The Quintet is also situated in the West, at 38 Choa Chu Kang Street 64. Yew Tee MRT Station is just a few minutes’ walk away, and Lot 1 Shoppers Mall, Warren Golf and Country Club are nearby, providing a wide variety of leisure options. Facilities at The Quintet include 24 hours security, swimming pool, BBQ pits, gym, tennis courts, basketball court, reflexology path, Jacuzzi, multi-purpose room, karaoke and playground.
Perhaps what makes The Quintet, like The Dew, stand out is the readily available feeder bus services offered nearby. Schools such as Kranji Secondary School and Pioneer Junior College are also relatively close.
3. District 19 Hougang; Sengkang : Park Green
The argument that the popularity of an EC lies in its accessibility to transportation networks, amenities and inclusion of modern facilities holds true when we look at the example of Park Green. A 99-year leasehold condominium development located at 2 – 12, Rivervale Link, Park Green is situated near Buangkok MRT stationand within the vicinity of the Hougang Stadium and Punggol Park.
Completed in 2005, Park Green provides residents with wide-ranging condo facilities which include swimming pool, tennis courts, function room, playground, gymnasium, bbq pits, jacuzzi, carparking and 24-hr security. Moreover, it is located just minutes away from Rivervale Plaza, where a host of amenities are readily available, such as retail outlets, supermarkets, restaurants and eating establishments, banks, and other entertainment facilities. Park Green also appeals to families as well because North Vista Secondary and Punggol Primary are a stone’s throw away.
The significantly high returns ECs bring as revealed by the data above demonstrates to us the great benefits that this hybrid property type can attained in the long run. To view more other ECs in the market, click here to view available units for sale
The article was contributed by Genin Koh, freelance writer, PropertyGuru.