Overview Rating
Based on my analysis of the above factors, I would rate this condo project a score of 8 out of 10. The proximity to amenities and resale potential factor received the highest scores, while sale PSF price and potential rental yield were slightly lower due to higher competition and average rental yields in this region. However, with several upcoming developments planned by URA for this area, there is potential for appreciation and growth in the future.
Tenure
Mattar Residences is sold under a 99-year leasehold tenure. As per Singapore’s regulations, freehold properties are generally considered more valuable than leasehold ones. However, the benefits of owning a freehold property come at a higher cost. Considering that Mattar Residences offers luxurious facilities and an exclusive residential development consisting of only 26 luxury units with premium fittings and imported appliances, I’d give this factor a rating of 7 out of 10.
Amenities
Mattar Residences is located in a prime location with excellent connectivity to amenities. It is a short walk (200m) to Mattar MRT station, which provides easy access to other parts of Singapore. Moreover, it is within walking distance to shopping malls such as Paya Lebar Square, Paya Lebar Quarter, Singpost Centre, and NEX mall. The condos are also surrounded by reputable schools such as Canossa Convent Primary School and Geylang Methodist School. Based on the above factors, I would give this factor a rating of 9 out of 10.
Future Development
As mentioned earlier, Mattar Road falls under Kallang URA master plan’s rejuvenation plans for Kallang River, which bodes well for future development in the area and could impact property appreciation over time. Based on this information, I would give this factor a rating of 8 out of 10.
Sale PSF Price
This factor is important as it determines the value for money of the property compared to other projects in different regions. Based on my analysis, the average PSF price for condos in this area is about $2,294 which is slightly higher than OCR but lower than CCR.
Resale Potential
The location of Mattar Residences makes it an ideal choice for resale as it is located in District 14 and close to many shopping malls and MRT stations. With upcoming developments around the area such as Kallang URA master plan’s rejuvenation plans for Kallang River, there is potential for property appreciation over time. Hence, I would give this factor a rating of 8 out of 10.
Rental Yield
The average rental yield in Singapore is around 3%. Considering the location and proximity to amenities of Mattar Residences, it could potentially fetch a higher rental yield than the average. As such, I would give this factor a rating of 7 out of 10.
Mattar Residences is a 99-year leasehold condo in Singapore’s District 14, located at 7 Mattar Road. This exclusive residential development consists of only 26 luxury units, and it offers a range of amenities such as a swimming pool, gym, wet deck, and kids’ pool. Each unit comes fully furnished with imported fittings and appliances.
Location:
Mattar Residences’ location is central yet serene, making it an ideal choice for those who value privacy and convenience. The nearest MRT station, Mattar MRT (DT25), is just a three-minute stroll away. The condo is also well-connected to major expressways like the Kallang-Paya Lebar Expressway (KPE) and Pan Island Expressway (PIE). For daily necessities, residents have access to various shopping centers like Paya Lebar Square, Singpost Centre, Kinex, Kallang Wave Mall & Kallang Leisure Park. Top schools within 1KM such as Canossa Convent Primary School & Geylang Methodist School are also nearby.
Units:
The units at Mattar Residences offer spacious and efficient layouts for every unit with top-quality finishes that are chic and sleek. Each individual space is fitted with the best of fittings and finishes with luxury and elegance in mind. The range of unit sizes includes one-bedrooms, two-bedrooms, and three-bedrooms. The floor plans were designed meticulously with the intention of promoting a truly holistic and luxurious living experience.
Price:
The price point for Mattar Residences has not yet been announced. However, special discounts are currently available on selected units. It is essential to engage the Official Direct Developer Sales Team to enjoy the best possible direct developer price.
Conclusion:
Overall, Mattar Residences is an exclusive residential development that offers privacy and comfort in the heart of Singapore’s city fringe region. Its location provides easy access to public transportation, schools, shopping centers, and various amenities. The units are spacious, efficient, and fitted with high-quality finishes that cater to every lifestyle. While the price point for Mattar Residences has not yet been announced, it is an excellent investment opportunity well worth considering.
