Overview Rating
The Reserve Residences scores high in terms of proximity to amenities, future developments, potential rental yield, and resale potential. Its leasehold tenure might be a slight drawback for some buyers looking for freehold properties. However, given its strong selling points, it remains an attractive investment option in the Singapore property market.
Tenure
The condo is under a 99-year leasehold tenure. While not as advantageous as a freehold property where ownership lasts indefinitely, it is still relatively common in Singapore, offering lower purchase prices compared to freehold properties.
Amenities
The Reserve Residences is within walking distance to various amenities, including Beauty World MRT station (3-min walk), Bukit Timah Plaza, Beauty World Centre, and popular eateries along Cheong Chin Nam Road and Lorong Kilat. It also has an integrated transport hub with a bus interchange which will boost connectivity.
Future Development
According to the URA Masterplan, there will be upcoming developments around the area, such as a new Bukit Timah Community Building with a community club, market and hawker center, indoor sports hall, community library, and elderly facilities. This will positively impact the property’s appreciation over time.
Sale PSF Price
The estimated indicative price range for The Reserve Residences starts from S$1.11M, with the exact PSF not disclosed yet. Comparing this to the average PSF prices in different regions, it seems slightly below average for Rest of Central Region (RCR) but higher than Outside Central Region (OCR) properties.
Resale Potential
Considering factors such as location in District 21 of Bukit Timah neighborhood, proximity to amenities like shopping centers and schools, future developments planned by URA such as new community buildings near Beauty World MRT station, and its integrated development status with transport hub and retail mall (Bukit V), The Reserve Residences’ resale potential looks promising.
Rental Yield
The rental yield potential for The Reserve Residences is good due to its strategic location near MRT stations and educational institutions like Nanyang Girls’ High School, National Junior College Hwa Chong Institution etc., making it attractive for families with children or expatriates working nearby.
The Reserve Residences is a luxurious new condominium development located at Jalan Anak Bukit in District 21 of Singapore. Comprising 732 residential units across eight blocks and ranging from 1 to 5-bedroom apartments, including penthouses, the condo is developed by FE Landmark Pte Ltd (Far East Organization and Sino Group).
With a TOP date set for 2028, residents can look forward to a variety of amenities within the condo as well as its strategic location close to public transportation, shopping centers, schools, and other facilities.
Location
One of the main advantages of The Reserve Residences is its excellent location. Situated just 258 meters away from Beauty World MRT Station (DT5), residents enjoy convenient access to public transportation with an integrated transport hub that includes a bus interchange and an underground link directly connected to the MRT station. Furthermore, major expressways such as Pan-Island Expressway (PIE) and Bukit Timah Expressway (BKE) are easily accessible.
Families with school-going children will appreciate the proximity of reputable schools like Pei Hwa Presbyterian Primary School, Methodist Girls’ School (Primary and Secondary), Nanyang Girls’ High, National Junior College, Hwa Chong Institution, Anglo-Chinese School (Independent), Ngee Ann Polytechnic, National University of Singapore (NUS), and Singapore University of Social Sciences (SUSS).
Shopping malls such as Beauty World Centre, Beauty World Plaza, Bukit Timah Plaza, Bukit Timah Shopping Centre, and The Linq At Beauty World further enhance the appeal of this location. Residents can also indulge in various dining options along Cheong Chin Nam Road, Lorong Kilat, and Jalan Jurong Kechil or visit nearby hawker centers.
Units
The Reserve Residences offers various unit types catering to different preferences. The layouts are designed to maximize space efficiency and feature high-quality finishes. The condo comprises four collections: The Reserve Residences, Creekside, Horizon, and Treetops. Each collection offers unique features catering to different lifestyles.
The majority of the units are 2-bedroom apartments, followed by an array of configurations for families or individuals with specific preferences such as study rooms or private lifts. Some residents may enjoy unblocked views of Bukit Timah Nature Reserve and Mayfair Park landed estate.
Price
Pricing at The Reserve Residences starts from S$1.11M, which is considered competitive given the development’s strategic location and luxurious offerings. To evaluate its value for money, potential buyers should compare it against other properties in the area while considering factors such as unit size, layout, amenities, location, and current market conditions.
Conclusion
In conclusion, The Reserve Residences is a promising new condominium development that offers a range of attractive features and amenities in a highly sought-after location. With convenient access to public transportation, reputable schools nearby, and various retail outlets close by, it caters to residents with different needs and preferences.
While its price point may seem slightly steep for some buyers, it is important to weigh this against the overall quality of the development and its location. As such, prospective investors should carefully consider whether The Reserve Residences represents a good investment opportunity based on their individual requirements.
