Overview Rating
In summary, Atlassia is an intriguing development that combines heritage charm with modern living. The location provides easy access to cultural hotspots and transportation links while offering a relaxed atmosphere in a quiet enclave. Units are thoughtfully designed with attention to detail that celebrates Peranakan culture. As with any property purchase decision, potential buyers should carefully consider factors such as unit size, price point relative to comparable properties in the area before making their final decision.
Tenure
Atlassia @Joo Chiat is a rare freehold conservation shophouse located in Singapore’s first Heritage Town. This means residents will enjoy the benefits of owning a property with an indefinite leasehold period.
Amenities
Atlassia @Joo Chiat is within a short walking distance to Eunos MRT station and near many shopping malls. Top schools are also within 1km.
Future Development
Based on URA’s plans to rejuvenate the East Coast area where Atlassia @Joo Chiat is located, there is potential for future development in the surrounding areas which could impact property appreciation over time.
Sale PSF Price
The sale PSF price for Atlassia @Joo Chiat ranges from approximately $2,000 to $2,600 depending on the unit type. While this falls within the average PSF price range for condos in the Rest of Central Region (RCR) and Core Central Regions (CCR), it may be considered high for some buyers.
Resale Potential
Given its location in a heritage enclave with many conserved shophouses, Atlassia @Joo Chiat has good potential for resale as it offers a unique living experience that may appeal to buyers looking for something different.
Rental Yield
The average rental yield in Singapore is around 3%, and while Atlassia @Joo Chiat’s rental yield may vary depending on market conditions, its location near amenities such as MRT stations and shopping malls could make it attractive to tenants.
Atlassia is a new condominium development located in the charming Joo Chiat Place, District 15. This unique project consists of 31 residential units and 8 commercial units on the first level, featuring a mix of 1 to 5-bedroom apartments housed within a row of 9 rare freehold conservation shophouses and a five-storey block. Atlassia offers an array of amenities that cater to residents’ needs, including a swimming pool, jacuzzi, and ample parking spaces.
Location
The location of Atlassia offers both advantages and disadvantages to its residents. On one hand, this development is situated within a heritage enclave, just a short walk from the iconic cultural hotspots of Joo Chiat and close to the vibrant Paya Lebar Central — known for its shopping and entertainment options. Additionally, several MRT Stations such as Paya Lebar MRT and Eunos MRT stations are easily accessible.
On the other hand, being nestled within Joo Chiat’s quiet enclave might mean slightly longer travel times for those who work or spend most of their time in central Singapore. However, with major expressways like East-Coast Parkway Expressway (ECP), Kallang-Paya Lebar Expressway (KPE), and Pan-Island Expressway (PIE) nearby, traveling to the Central Business District (CBD) or Changi Airport should not be an issue.
Units
Atlassia offers a variety of unit sizes and layouts catering to different lifestyles and preferences. The apartments boast high-quality finishes and functional designs that promote comfortable living while embracing Peranakan heritage. Unique features include intricate details in color selection and interior design elements across all units.
One possible drawback could be that some buyers might find certain unit sizes too small for their needs; however, there is undoubtedly an appeal for young families or investors looking for properties with rich cultural heritage and modern facilities.
Price
Atlassia’s price range (indicative) lies between $1,116,031 to $2,585,427, with a sale psf range (indicative) of $1,902 to $2,206. In comparison to other properties in the area and considering the current market conditions, it is crucial to assess whether Atlassia offers value for money relative to its features, amenities, and location. While some might argue that the price point is slightly on the higher side given its location within a heritage enclave and being predominantly low-rise landed property area, others could see it as a worthwhile investment due to the unique combination of architectural elements and modern facilities offered.
Conclusion
In summary, Atlassia is an intriguing development that combines heritage charm with modern living. The location provides easy access to cultural hotspots and transportation links while offering a relaxed atmosphere in a quiet enclave. Units are thoughtfully designed with attention to detail that celebrates Peranakan culture. As with any property purchase decision, potential buyers should carefully consider factors such as unit size, price point relative to comparable properties in the area before making their final decision.
Based on our analysis above, if you appreciate a blend of luxury living within a culturally rich district and are willing to pay a premium for unique design elements and facilities offered by Atlassia’s apartments, this development might just be an excellent investment opportunity for you.
