Overview Rating
Overall, Blossoms by the Park is an attractive option for potential buyers looking for a condo in a prime location with good resale potential. Its proximity to amenities and future developments in the area are significant advantages that make it worth considering. We would give it an overall score of 8/10.
Tenure
Blossoms by the Park is sold under a 99-year leasehold tenure, which means that owners will have to surrender the property back to the government after the lease expires. However, this is a common type of tenure in Singapore and should not affect potential buyers significantly.
Amenities
Blossoms by the Park is in an excellent location, with several amenities within walking distance, including Buona Vista MRT station and two shopping malls. There are also several reputable schools nearby, making it a great option for families.
Future Development
The area surrounding Blossoms by the Park has been earmarked as one of Singapore’s growth areas under URA’s Master Plan 2019. The plan aims to transform the area into a vibrant mixed-use precinct with more amenities and green spaces, which could positively impact the condo’s appreciation over time.
Sale PSF Price
The estimated PSF price for Blossoms by the Park is $2,435, which is higher than the average PSF price for condos in the OCR but lower than those in RCR and CCR regions. This price point may not be feasible for some buyers but is still competitive given its location and facilities.
Resale Potential
With its prime location near MRT stations, shopping malls, and reputable schools, Blossoms by the Park has high resale potential. Additionally, as a new launch condo with a large number of units sold quickly upon launch date, it suggests a strong demand from buyers.
Rental Yield
Blossoms by the Park’s estimated rental yield ranges from around 3-4%, which is consistent with average rental yields in Singapore for similar properties. While this may not be as attractive compared to other investment options such as stocks or bonds, it may still provide stable returns for investors looking to diversify their portfolios.
Blossoms by the Park is a new launch condominium located in the one-north neighborhood of Queenstown, Singapore. Developed by EL Development Pte Ltd, the development consists of 275 units across 27 storeys. The unit sizes range from 1 to 4-bedroom configurations, catering to various demographics like families, young couples and singles.
Location:
One of the standout features of Blossoms by the Park is its location. It benefits from several advantages such as proximity to public transportation, schools, shopping centers, and other amenities. For instance, residents can easily walk to Buona Vista MRT station in just four minutes or take a ten-minute walk to one-north MRT station on the Circle line. Additionally, there are several reputable schools within 1-2km of the development such as Anglo-Chinese School (Independent), Fairfield Methodist Primary School and Henry Park Primary. Proximity to several shopping malls such as Fusionopolis, The Star Vista and Rochester Mall also offers residents an abundance of retail establishments.
Units:
The units at Blossoms by the Park offer practicality and functionality for everyday living. The kitchens come with high-quality finishes and appliances that provide convenience for cooking enthusiasts while the bedrooms are spacious enough to fit comfortable bedding arrangements. A standout feature is that some stacks get partially unblocked views due to this being the tallest residential development in the one-north precinct with 27 storeys.
Price: Blossoms by the Park’s indicative price range starts at S$1.29M ($2,435 avg psf). While it may seem on the higher side compared to some similar developments in Queenstown area like Queens Peak which starts from $1.6k psf or Commonwealth Towers which ranges from $1.5k-$2k psf depending on level and unit size; it is worth noting that its location near two major MRT stations provides added convenience making it a worthy investment opportunity.
Conclusion:
Blossoms by the Park is a well-designed development in a prime location that offers easy access to public transportation, reputable schools, and shopping centers. Its units are practical and functional while offering unique features such as partially unblocked views. While it may be more expensive than some comparable developments in the area, its location makes it a good investment opportunity. Therefore, this development would be an ideal choice for those looking for a comfortable living space in an urban environment with added convenience.
