Overview Rating
Overall, Tembusu Grand is an attractive condo project with a great location and solid potential for resale and rental yield. Its proximity to amenities and future development plans in the surrounding area make it a desirable investment option. Therefore, we rate it 8/10.
Tenure
Tembusu Grand is sold under a 99-year leasehold tenure, which means that the property will eventually revert back to the government after 99 years. However, this is a common tenure in Singapore, and there are still many benefits to owning a leasehold property such as lower upfront costs.
Amenities
Tembusu Grand is conveniently located within walking distance to Tanjong Katong MRT station, several shopping malls such as Parkway Parade and PLQ Mall, and the popular Katong and Joo Chiat enclave filled with food and beverage options. There are also many prestigious schools nearby, making it a great location for families.
Future Development
There are several upcoming developments planned around Tembusu Grand’s location in District 15 by the Urban Redevelopment Authority (URA), including Kallang Industrial Estate’s transformation into a mixed-use precinct and the rejuvenation of the Old Kallang Airport into a lifestyle hub. These developments could drive property appreciation over time.
Sale PSF Price
The indicative sale PSF price for Tembusu Grand starts from $2,296. While this is higher than the average PSF price for condos in the Outside Central Region (OCR), it is competitive compared to other new launch condos in the District 15 area.
Resale Potential
Tembusu Grand has good resale potential due to its prime location in District 15 near amenities such as MRT stations and shopping malls, as well as prestigious schools. However, market conditions and future developments in the surrounding area may impact the condo’s resale value over time.
Rental Yield
Based on the average rental yield in Singapore, Tembusu Grand has decent potential for rental yield given its location and amenities nearby. However, factors such as competition from other rental properties and changes in market conditions can affect potential rental income.
Tembusu Grand is a new launch condominium with 638 residential units in the Katong neighborhood of District 15. The condo has 1 to 5-bedroom configurations and two 5-bedroom penthouses, with unit sizes ranging from 452 sq ft to 2,067 sq ft. Developed by Tembusu Residential Pte Ltd, a joint venture between City Developments Limited (CDL) and MCL Land, this project is designed to offer residents a luxurious living experience.
Location:
Tembusu Grand’s location offers many advantages for its residents. Firstly, the condo is situated within an eight-minute walk to Tanjong Katong MRT station, providing easy access to the Thomson-East Coast Line (TEL). This means that residents can reach downtown Singapore or Changi Airport quickly and conveniently. Additionally, there are several bus services available in the area that provide direct access to the city center.
Moreover, Tembusu Grand is surrounded by plenty of shopping centers like Parkway Parade and i12 Katong Mall. The Katong and Joo Chiat enclave also offers a plethora of F&B options for foodies. Prestigious schools like Tanjong Katong Primary School and Kong Hwa School are nearby as well.
However, some might argue that the condo’s proximity to East Coast Parkway (ECP) could lead to noise pollution for those living in units facing it. Furthermore, some potential buyers may prefer to live closer to downtown Singapore or near more nature spots if they prioritize these factors over convenience.
Units:
The units at Tembusu Grand feature premium finishes from brands such as Miele, Liebherr, Hansgrohe and Geberit. Each unit comes equipped with a smart home system that includes features such as smart air conditioning controls and video doorbells.
Regardless of their size or configuration, all units have practical layouts that maximize usable space without compromising on design aesthetics. Some unique features include luxurious master bedroom wardrobes, his and her sinks in the master bathroom and an island counter in the dry kitchen for 4 and 5-bedroom units.
Price:
Tembusu Grand’s indicative sale price range starts from $1,248,000 for a 1+1 BR unit. This means that the psf range comes in at around $2,296. While some may argue that this is on the higher end of the price spectrum for condos in District 15, it’s worth noting that Tembusu Grand offers many amenities and features not found in other developments.
Conclusion:
Overall, Tembusu Grand presents itself as a promising investment opportunity for those seeking premium living experiences. The condo’s facilities, finishes and location make it an attractive prospect for both young families and working professionals. However, potential buyers should consider their own lifestyle preferences before making a purchase decision.
Given its competitive price point relative to similar properties in the area alongside its proximity to public transportation links and various amenities, we would recommend interested individuals to consider Tembusu Grand as a viable option worth exploring further.
