Overview Rating
Creston Residences offers excellent proximity to amenities, a freehold tenure, and strong potential in resale and rental yields. Its location in District 15 and surrounding developments further enhance its appeal to buyers looking for a well-connected and prestigious residential property.
Tenure
Creston Residences has a freehold tenure, which means the condo owners have indefinite ownership of their property without a lease expiration date. This provides more stability and long-term value compared to leasehold properties.
Amenities
Creston Residences is situated near various amenities. It is within walking distance (8 min) to i12 Katong, Katong Square, and Parkway Parade shopping malls, along with several dining options. Schools such as CHIJ Katong Primary, Haig Girls’ School, and Canadian International School are close by (within 1 km). Marine Parade MRT station is approximately 558 meters away.
Future Development
URA currently has plans to further develop the area surrounding Creston Residences; specifically improvements in transport connectivity with the Thomson-East Coast Line extension. This will enhance accessibility and subsequently increase property appreciation in the future.
Sale PSF Price
The sale PSF range for Creston Residences is not currently available but given its location in District 15 (RCR), it can be assumed that the average PSF would likely fall near or slightly above the RCR average of $2,294.
Resale Potential
The condo’s resale potential looks promising due to its prime location in District 15 (RCR), freehold tenure, nearby schools and amenities, and proximity to MRT stations. However, market conditions and surrounding developments may impact resale values over time.
Rental Yield
Singapore’s average rental yield ranges from 2% to 4%. Given Creston Residences’ prime location near schools, MRT stations, and amenities, it could potentially offer a higher rental yield than the national average.
Creston Residences is a luxurious freehold condominium development located at 5 Still Road, District 15, in the upscale residential enclave of Marine Parade, Singapore. Developed by Melville Pte Ltd, this exclusive development comprises of 60 units with unit sizes and layouts ranging from one to four bedrooms.
The condo boasts an impressive array of facilities such as swimming pools, gyms, and communal spaces for residents to enjoy. In this comprehensive review article, we will delve into the location, units, pricing, and other aspects of Creston Residences to help potential buyers make an informed decision.
Location
Pros
Creston Residences enjoys a prime location within the culturally rich district of Marine Parade. Situated next to the intersection of Still Road and East Coast Road, residents can benefit from unobstructed 360 landed views and easy access to public transportation. The upcoming Marine Parade MRT Station and Marine Terrace MRT Station are just a short bus ride away from the condominium. With numerous bus services available nearby that connect the area with different parts of Singapore such as Raffles Place CBD or Paya Lebar commercial hub.
The surrounding neighborhood is bustling with activity as it is dotted with shopping centers like i12 Katong, Katong Square, Katong V, The Odeon Katong as well as Parkway Parade and Marine Parade Promenade malls within just a few minutes’ drive away. Residents will be spoilt for choice when it comes to dining options due to its proximity to Katong/Joo Chiat which is famous for its gourmet-rich paradise.
Families with school-going children will appreciate having several reputable schools in close proximity such as Tanjong Katong Primary School, Tao Nan School, Haig Girls’ School and Victoria Junior College.
Cons
One downside about Creston Residences might be that there are fewer schools compared to other areas. However, the schools near Creston Residences are high in local rankings and often sought after amongst parents.
Units
Pros
Creston Residences offers a variety of unit types catering to different needs, from one-bedroom apartments to spacious four-bedroom units. The thoughtful layouts emphasize functionality and practicality while ensuring residents enjoy comfortable living spaces. High-quality finishes and fittings further enhance the overall appeal of these units.
Cons
Despite the high-quality construction, some potential buyers may feel that the unit sizes might not be as spacious when compared to other developments in the area. However, this should be weighed against the prime location and upscale neighborhood that Creston Residences is situated in.
Price
Residents can expect competitive pricing for a freehold development located within District 15’s prestigious Marine Parade enclave. Although prices have not been released yet, potential buyers can anticipate an attractive value proposition relative to its features, amenities, and location. It is essential for prospective buyers to consider current market conditions and comparable properties in the area before making a decision.
Conclusion
In summary, Creston Residences presents an attractive investment opportunity for those seeking a luxurious condominium within an upscale residential enclave backed by excellent connectivity options and amenities. Its prime location coupled with well-designed units makes this condo suitable for a wide range of homeowners. It’s essential for interested buyers to strike while the iron is hot and seize this exciting opportunity as soon as possible!
