Overview Rating
Royal Hallmark is a desirable project due to its freehold tenure, proximity to amenities, and nearby transportation options. However, pricing may not be considered highly competitive within the RCR and potential rental yield will depend on market demand. Future developments in the area could increase its value over time, but uncertainties remain regarding timelines and impacts on property appreciation.
Tenure
The condo project has a freehold tenure, which means that owners can hold the property indefinitely without having to worry about lease expiry or land return. This generally provides better long-term value than leasehold properties.
Amenities
Royal Hallmark is within walking distance to several reputable schools such as Tanjong Katong Secondary School, Tanjong Katong Girls’ School, and Tanjong Katong Primary School. It is close to shopping malls including i12 Katong and Parkway Parade. The condo is also a 10-minute walk from Dakota MRT station. However, there are no parks in the immediate vicinity.
Future Development
There are plans for future developments like the Thomson-East Coast Line and East Coast Park improvement works, as well as an underground retail mall connected to Marine Parade MRT station. While these developments could increase the convenience and value of the condo, there’s no guarantee on their completion timeline or impact on property appreciation.
Sale PSF Price
The average sale PSF of Royal Hallmark is approximately $2,090, which lies between the RCR and OCR average PSF prices. Considering its location in District 15 (RCR), this price range seems reasonable but may not be considered cheap compared to other projects in different regions.
Resale Potential
Royal Hallmark’s location near good schools, shopping malls, and MRT stations will likely make it attractive for resale purposes. Additionally, the freehold tenure enhances its long-term value proposition. However, market conditions and potential competition from other developments could impact resale potential.
Rental Yield
The average rental yield in Singapore is around 3-4%. Given Royal Hallmark’s strategic location near amenities and transport options, it is likely to attract renters who prioritize convenience and accessibility. However, potential rental yield would depend on factors such as unit size and condition, along with overall market demand for rentals in the area.
Royal Hallmark is a freehold new launch condominium located at Haig Lane in District 15, Singapore. It offers an exclusive collection of 32 residential units, consisting of three- to five-bedroom layouts. With its blend of heritage and modern design, combined with excellent connectivity and proximity to quality educational institutions, Royal Hallmark promises a contemporary living experience near the Katong and Joo Chiat neighborhoods.
Location
Advantages
- Convenient access to public transportation: Royal Hallmark is approximately a 10-minute walk from Dakota MRT station. Additionally, several bus services are available nearby that can take residents to the city center within 20-30 minutes.
- Proximity to reputable schools: The development is situated close to Tanjong Katong Girls’ School, Tanjong Katong Primary School, Canadian International School (Tanjong Katong Campus), Tao Nan School, Chung Cheng High (Main), Kong Hwa School, and Tanjong Katong Secondary School.
- Dining and shopping options: Residents can enjoy various food centers such as Old Airport Road Food Centre and Shopping Mall, Marine Parade Central Market and Food Centre, or Haig Road Market & Food Centre for local delights. Furthermore, established malls like i12 Katong and Parkway Parade offer additional retail choices.
Disadvantages
- Limited green spaces: There are no major parks situated within walking distance of Royal Hallmark.
Units
Strengths
- Spacious layouts: The units at Royal Hallmark come in various sizes ranging from 797 sqft for a three-bedroom unit to 2,077 sqft for a five-bedroom penthouse.
- Quality finishes: The developer has ensured high-quality finishing materials that complement the contemporary design of the units.
Weaknesses
- Limited number of units: With only 32 residential units in total at Royal Hallmark, availability might be limited.
Price
The indicative price range for units at Royal Hallmark is between SGD 1,762,000 to SGD 3,690,000, with an average sale PSF of SGD 2,090. Considering the prime location in District 15 and the condominium’s offerings, its pricing seems competitive when compared to other properties in the area. However, prospective buyers should also take into account current market conditions and perform their due diligence before making a decision.
Conclusion
In conclusion, Royal Hallmark offers an appealing blend of heritage-inspired design and modern living in a highly sought-after residential area. With its excellent connectivity to public transportation and proximity to prestigious schools and numerous dining options, this development caters well to families seeking a comfortable and convenient lifestyle. While there may be some drawbacks concerning green spaces and limited unit availability, Royal Hallmark still stands out as an attractive investment opportunity for those looking to buy property in District 15.
