Despite the fact that the area’s property values are lower than other areas, buying in New Tengah Town is still a profitable investment, especially if you consider the convenience of the location. You will save on rent premiums, while avoiding the problems of commuting and traffic jams. A thorough property analysis will help you decide whether to buy a BTO flat or a traditional property.
The rents of a two-bedroom apartment in North Park Residences are 11.9% higher than in the nearby district of District 27. Three-bedroom units also command a higher premium. New developments are coming up in the area. The Piccadilly Grand, Lentor Modern, and Sky Eden@Bedok are among them. All of them are expected to come with higher rental premiums than their districts counterparts.
The escalation in rents has made the area increasingly unaffordable. The onset of the pandemic has resulted in a shortage of affordable housing for many Americans. As a result, rents have been increasing at the fastest rate in decades. According to CoStar Group, rents grew by 11.3 percent last year.
The ratio of urban to suburban renters was nearly three to one. In St. Louis, Missouri, 30% of renters lived in the suburbs, while 70% lived in the city. Similarly, in the Miami and Atlanta metro areas, the proportion of renters in the suburbs was nearly the same. In contrast, in the St. Louis metro area, renters lived in urban areas and suburbs.
The town is well-connected to other areas of Singapore and the surrounding towns. It has walking and cycling paths, a polyclinic, and designated areas for children and tuition. The town center will be the heart of the town. It will also be the first car-free town in Singapore. It will feature greenery and other facilities that will be useful to residents.
The Tengah EC is located in a lush environment that is a hub for modern technology and greenery. It is Singapore’s first “forest town” and features smart technology and environmental design to reduce waste and maintain the natural environment. The town will keep roads below the town centre to preserve space for walking and cycling. It will also have comprehensive communal facilities.
The Tengah EC is also conveniently located near the bus terminal and the planned car-free town center. The roads will be separated, giving pedestrians the advantage of walking and cycling, as well as being accessible to other parts of the city. The area is also well-connected with various expressways and is convenient to commute to the city center, Marina Bay, and the Central Business District.
A convenient location is another important factor to consider for a lucrative property investment in New Tengah Town. There are many shopping malls and schools within the vicinity of the town, making it convenient for residents. There is also a brand new MRT station within the area that will make getting around much easier. This will give you a sense of relief while living in the town.
It is still possible to make money from a BTO flat, provided you understand the resale market and carefully do your sums. This is particularly true if you are planning to sell your BTO flat at a later date. Resale flat prices are fluctuating, and you have to closely watch them. The average BTO price fluctuated from around $700 per square foot in 2007 to nearly $1,800 in 2012. However, if you can find a property that has an excellent rental yield, you can make good money from this investment.
Purchasing a BTO flat is a great way to begin investing in property, and it is an excellent choice for first-time buyers. However, you should note that the waiting period for a new BTO flat is long. It takes about five years to complete, so it’s important to consider your investment objectives, as well as your current financial situation, before committing to a BTO flat.
Besides its excellent rental yield, a BTO flat in New Tengs Town is a great choice for a property investment. Although it’s oversubscribed, the development has many plans to develop the area, including a huge Central Park, nature trails, and themed playgrounds. There are also plans to build malls in the area, as well as a community farm. This is similar to the development at Punggol New Town, which began in 1997 and was completed in 2002. The development has also a waterway park, which opened in October 2011.
One disadvantage to buying a BTO flat in New Tengiah Town is that it is not affordable for first-time homebuyers. It can take four to five years to get a home, and this is not sustainable for an investor. However, if you’re willing to wait, you could enjoy an appreciation of over ten times the initial price.
Buying a home in the town is a smart move as it is a lucrative property investment because rental premiums are growing at a faster rate than the home price. In addition, the supply of rental units in the town is low and the demand for rentals is increasing. Low supply and a fast-rising demand for housing could make 2022 the right time to buy a home in the best rental market.
If you are looking to invest in a property in New Tengah Town, location is very important. The town has good connectivity with the rest of Singapore, thanks to the Jurong Regional Line. This line connects Tengah to the Jurong Lake District and the Jurong Innovation District. It is also less than five stops away from Jurong East, which is expected to be Singapore’s next CBD.
The first public housing development in Tengah is Plantation Grove. This is the first public housing district, out of five HDB districts, and is designed to offer residents a serene environment. The development is lined with recreational and community spaces, such as the Forest Fringe, a 20-metre wide linear green, and the Plantation Farm-way, a pedestrian-friendly passageway. The project is expected to be completed by 2025, and will consist of at least 10,000 new homes.
The development is also an environmentally-friendly town. Located in the middle of a forest, Tengah is Singapore’s first “forest town”. It features smart technology and is designed to be environmentally friendly. Roads are kept underground to save space for walking and cycling, and the design process is assisted by computer simulations. The town is also set to be one of the largest in Singapore, and will offer many green features, as well as many recreational activities.
If you are looking for a place to invest in real estate, location is crucial. Tengah Garden Walk EC is close to upcoming MRT stations, and is one of the few executive condominium sites within walking distance of both the Tengah MRT station and the Jurong Regional Line MRT. By investing in Tengah Garden Walk, you are ensuring yourself a profitable property investment in the future.