So how does supply and demand affect property prices?
When the current interest rate is the highest ever over the past 2 decades, savvy buyers will be looking at new launches simply because their mortgage will only be payable over the progressive payment scheme. This also means the mortgage and interest payable will be very little as your loan will only be disbursed when certain milestones are completed for each progressive stage of the construction of the new launch over the next 4 years.
The covid-19 pandemic has also created a shortage in housing due to delays in construction resulting in late delivery of housing. This creates a demand in housing due to supply issues, driving both rental and property prices up.
So if you are looking for a golden opportunity that’s not only safe, but also affordable, and in a prime location? Look no further!
Why, you may ask? Well, one of the key factors we looked at, is the price gap between the average new sale in the OCR vs the RCR!
In the last quarter of 2022, the gap was $588psf, making it super attractive and safe to enter, if we can find something that’s close to OCR pricing.
So here’s the good news! With Tembusu Grand‘s starting price of just $2,296psf, which is very close to the OCR pricing, it makes it an extremely safe and affordable investment opportunity.
With the average OCR price already around $2,000psf, the small price gap of Tembusu Grand makes it a no-brainer to make your money work harder for you.
So seize the opportunity and contact our consultants to view the Tembusu Grand sales gallery now!
Tembusu Grand, sitting comfortably in the charming enclave of Tanjong Katong and East Coast, perfectly balancing the need for tranquility while being at the center of it all.
A modern development with its unique stamp of quiet and understated elegance. Its towering architecture takes inspiration from the Tembusu heritage tree, featuring colours, textures and an iconic crown design that mirror the tree’s sculptural form. All nestled within a lush, evergreen landscape with thematic gardens and cascading water features.
Marine Parade Planning Area Masterplan URA
Under the URA Master Plan, the government plans to further enhance and improve the lifestyle by preserving the national heritage of the East Coast area.
Healthy living finds a home at the new Bayshore housing precinct near East Coast Park. Served by two new Thomson-East Coast Line stations, walking and cycling will be prioritised.
Residents in District 15 will enjoy greater convenience with a range of community spaces, facilities, and fun options at East Coast Park within close proximity.
Completion of the Thomson-East Coast line will allow enhanced connectivity to and from the area to other parts of Singapore.
Locational Advantage
The major selling point for Tembusu Grand is location. This project is situated in District 15, the sought after East Coast area.
Located also less than 10-minutes walk to the upcoming Tanjong Katong MRT. Construction is expected to be completed in 2024.
It is also well connected to expressways such as ECP, PIE and KPE and a short drive to CBD, Marina Bay, Singapore Sports Hub, and Changi Airport.
With some of the city’s reputable educational institutions nearby including Tanjong Katong Primary (<1km), Haig Girls’ School (<1km), Kong Hwa School (<1km), Tao Nan School, Dunman High School, Chung Cheng High School, Tanjong Katong Girl’s School, Victoria Junior College.
Future Potential Buyers
Young professionals and families with kids
Buyers appreciate the close proximity to good schools, privacy/exclusivity and prime location without forking out hefty amounts for a landed/cluster home to achieve a similar lifestyle.
Investors looking for rentability & short-term appreciation
The Katong/ East Coast area is one of the highly sought after addresses in Singapore, also known for its red-hot properties and hotter rentals. The average rental yield of condominiums around the area is 3.62%.
Investors want projects with a safe rental play, meaning a good tenant and excellent public transport access.
The leasehold nature of Tembusu Grand means owners will also enjoy potential appreciation upon TOP, or first decade of ownership. The tenure of such properties is also partly why leasehold properties appreciate much faster as compared to freehold properties in their earlier years.
The large number of units at Tembusu Grand will also likely drive a healthy transaction volume in the future.
Lifestyle
Tembusu Grand offers a wide range of facilities and amenities with a unique blend of modern luxury and old charm, appealing to a wide range of buyers.
Schools and Education
Preschool
- MindChamps @ East Coast (KINEX)
- EtonHouse Pre-school Mountbatten 223
- Odyssey The Global Preschool (Still Road)
Primary School
- Tanjong Katong Primary School
- Haig Girls’ School
- CHIJ (Katong) Primary
- Geylang Methodist School (Primary)
- Kong Hwa School
- Tao Nan School
- Ngee Ann Primary School
Secondary School
- Chung Cheng High School
- Dunman High School
- CHIJ Katong Convent
- St. Patrick’s School
- Geylang Methodist School (Secondary)
Junior College
University
International
- Canadian International School of Singapore
- Nexus International School (Singapore)
Transportation
- Upcoming Tanjong Katong MRT Station (TE25)
- Paya Lebar MRT Station (EW8/CC9)
- Paya Lebar Interchange
Shopping
- KINEX
- i12 Katong
- Katong Shopping Centre
- Tanjong Katong Complex
- City Plaza
- Parkway Parade
- Singpost Centre
- Paya Lebar Quarter
- Paya Lebar Square
- Leisure Park Kallang
- Marina Square
- Bugis+
Dining
- Ponggol Nasi Lemak Centre
- Katong Mei Wei Boneless Chicken Rice
- ENG’s Wantan Noodle
- The Tipsy Cow
- Guzman y Gomez
- Heng Long Teochew Porridge
Recreational Spaces
- Singapore Sports Hub
- Singapore Indoor Stadium
- East Coast Park
- Chinese Swimming Club
- Singapore Swimming Club
- Marina Bay Golf Course
- Gardens by the Bay
Business
- Marina Bay Financial District
- Raffles Place
- Changi Business Park
Read more: Tembusu Grand
