New Launch Condo in North-East
Lentor Gardens Residences
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Owning a condo in the north-east of Singapore
he North-East region of Singapore has been a popular destination for new condo launches in recent years. With its convenient location and abundance of amenities, it has become a highly sought-after area for both locals and foreigners looking to invest in property.
Developers have been quick to respond to the growing demand for housing in the North-East region, launching a variety of new condo projects in the area. These projects offer a range of unit sizes and prices, making them accessible to a wide range of buyers. From luxury high-rise developments to more affordable mid-range options, there is something for everyone in the North-East region’s new condo market.
If you’re in the market for a new condo in Singapore, the North-East region is definitely worth considering. With its excellent location, great amenities, and wide range of new condo launches, it’s no wonder that it has become one of the most popular areas for property investment in the city-state.
One of the most significant benefits of owning a new condo in the North East region is the potential for capital appreciation. The North East region is home to many upcoming developments, including the Punggol Digital District and the Cross Island Line. These developments are expected to increase property values in the region significantly. Additionally, the North East region is known for its excellent connectivity to other parts of Singapore, making it an attractive location for both locals and foreigners.
Another benefit of owning a new condo in the North East region is the high rental demand. The region is home to many reputable educational institutions, including Nanyang Polytechnic and the Singapore Institute of Technology. As a result, there is a high demand for rental properties in the area, making it an excellent investment opportunity for those looking to earn rental income.
Finally, owning a new condo in the North East region is an excellent investment opportunity due to the limited availability of new properties. The region is known for its limited land supply, which makes new condo launches highly sought after. As a result, owning a new condo in the North East region can be a valuable asset in the long run.
Amenities in North-East
The North-East Region of Singapore is a popular location for property investment, thanks to its accessibility, vibrant community, and abundance of amenities. In this section, we will explore some of the amenities that make the North East an attractive place to live.
The North-East Region is home to a variety of educational institutions, ranging from primary schools to tertiary institutions. Some of the notable schools in the area include Edgefield Primary School, Edgefield Secondary School, and Punggol View Primary School. These schools are known for their excellent academic standards and well-rounded education.
The North-East Region is also known for its shopping malls, which offer a wide range of retail and entertainment options. Some of the popular malls in the area include Compass One, Rivervale Mall, and Punggol Plaza. These malls are home to a variety of shops, restaurants, and entertainment facilities, making them a popular destination for both residents and visitors.
For those who enjoy the outdoors, the North-East Region has plenty of parks and recreational areas. The Punggol Waterway and Promenade is a popular spot for jogging, cycling, and leisurely walks, while the Punggol Beach and Park offers a scenic view of the sea and a variety of water sports activities. Other outdoor parks in the area include Sengkang Riverside Park and the Lorong Halus Wetland.
Price Trend for North-East Condos
The North-East region of Singapore has seen a steady increase in the number of new condo launches in recent years. With the development of new MRT stations and other infrastructure projects, the demand for residential properties has been on the rise. As a result, developers have been launching new projects to cater to the growing demand.
The average price of new condo launches in the North-East region is around $1,400 to $1,600 per square foot (PSF). However, prices can vary depending on the location, developer, and facilities provided.
The resale market for condos in the North-East region has been relatively stable in recent years. The average PSF price for resale condos in the region is around $1,200 to $1,400. However, prices can vary depending on the age of the property, location, and condition.
It is worth noting that some older properties may have lower PSF prices, but they may require higher maintenance costs. On the other hand, newer properties may have higher PSF prices, but they may come with better facilities and amenities.
According to data from the Urban Redevelopment Authority (URA), the number of property transactions in the North-East region has been on the rise in recent years. In 2020, there were a total of 2,764 property transactions in the region, compared to 2,482 transactions in 2019.
The increase in property transactions can be attributed to the growing demand for residential properties in the region. With the development of new infrastructure projects and amenities, the North-East region has become an attractive location for both investors and homebuyers.