Overview Rating
Overall, The Landmark is a strong option for both homeowners and investors due to its prime location, proximity to amenities, and potential for resale and rental yield. With an overall score rating of 8/10, it is definitely worth considering.
Tenure
The Landmark is a leasehold property with a tenure of 99 years. While this may not be as desirable as freehold properties, it is still a decent length of time for ownership.
Amenities
The Landmark is located in District 3, which is close to many amenities such as shopping malls, schools, and MRT stations. Residents can walk to Outram Park MRT and Chinatown MRT in just a few minutes. Additionally, there are hawker centers and markets nearby that residents can enjoy.
Future Development
The area surrounding The Landmark is planned for future development by the Urban Redevelopment Authority (URA), including the Greater Southern Waterfront project which will provide additional amenities and transportation options. This will likely increase the property’s appreciation over time.
Sale PSF Price
The sale PSF price for The Landmark is approximately $1944 which is lower than the average PSF price for condos in the RCR region ($2,294) but falls within range of OCR region ($1,971). This affordable price appeals to investors looking for properties near the city center.
Resale Potential
There is strong potential for resale at The Landmark due to its location in District 3 near many amenities and transportation options. With upcoming developments like the Greater Southern Waterfront and Thomson-East Coast Line, resale values are expected to appreciate over time.
Rental Yield
With its proximity to transportation options and central location, The Landmark has good potential rental yield compared to other areas in Singapore. However, rental income can be affected by market conditions so it’s important for investors to do their research before making a decision.
The Landmark is an upcoming 39-storey, 396-unit leasehold condominium located along Chin Swee Road in District 3. Developed by Landmark JV Pte Ltd, the project has a tenure of 99 years w.e.f 28 August 2020 and an expected T.O.P (Temporary Occupation Date) of 30 March 2025. The residential high-rise is surrounded by Pearl’s Hill City Park and Singapore River, offering residents a balance of natural scenery with the hustle and bustle of city life. This review article will analyze various aspects of the condo to provide readers with an objective assessment.
Location: The location of The Landmark offers numerous advantages and some disadvantages. It is situated close to the central business district (CBD) making it convenient for working professionals whose offices are located there. Outram Park MRT and Chinatown MRT stations are within walking distance, while the upcoming Thomson-East Coast line (TEL) will offer more new stations. Residents can enjoy easy access to a whole host of amenities, MRTs, eateries, and more which means getting necessities has never been easier. However, residents may face noise levels from nearby roads such as Chin Swee Road and Central Expressway (CTE). In terms of greenery, Pearl’s Hill City Park is right at its doorstep for residents while Kim Pong Park is also nearby.
Units: The units at The Landmark are a mix of one-, two- and three-bedroom layouts. Despite its CBD fringe location, its size trumps One Bernam’s one-bedroom layout but may be smaller than other new launch projects in the area. The two-bedroom units at The Landmark are bigger than those at other new launch condos such as One Pearl Bank or Riviere but still priced affordably at $1.67 million considering the prime location offered by the development.The three-bedroom units are comparable with similar developments in the area.
Price: The Landmark’s starting price is slightly cheaper than some other developments in the area, boasting a lower price per square foot, except for One Bernam. It offers good value for money as it is a more affordable property near to the city center with huge potential resale value. The potential for capital growth is promising due to its location in District 3.
Conclusion: The Landmark provides residents with easy access to amenities and transportation facilities while being surrounded by greenery. Despite facing noise levels from nearby roads, its location provides convenience for working professionals and families alike. With affordable prices for the units and promising resale potential due to future developments in the area, The Landmark presents itself as an attractive investment opportunity.
