Tembusu Grand Condo Review: Investment Analysis & Scoring
As Singapore's property market continues to show resilience amidst global economic challenges, discerning investors are constantly on the hunt for sound investment opportunities. One such opportunity lies in the luxurious Tembusu Grand Condo. In this comprehensive review, we delve into its location, amenities, pricing, investment potential, and the developer's track record.
Background / Definitions
Located in the prime District 15 area of Tanjong Katong, Tembusu Grand Condo is a 99-year leasehold development by renowned developers CDL (City Developments Limited) and MCL Land. The condo is surrounded by a host of amenities, including shopping malls, schools, and transport links, making it a coveted address for both investors and home seekers.
Data & Evidence
The Tembusu Grand Condo comprises 638 units spread across four blocks of 20 to 21 storeys. It offers a range of unit types, from one-bedroom apartments to four-bedroom units, catering to different buyer needs.
In terms of pricing, the median transacted price for units in the Tembusu is about S$1,700 psf. This is comparable to other condos in the District 15 area, such as Marine Parade developments which have similar pricing for new launches in this prime location.
The condo's rental yield stands at about 3.5%, higher than Singapore's average condo rental yield of 3.2%, according to URA data. This is an important consideration for investment-focused buyers.
Implications for Buyers
The Tembusu Grand's strategic location in District 15 makes it an attractive proposition for buyers. Its proximity to amenities such as Parkway Parade, Katong i12 mall, and upcoming Marine Parade MRT station adds to the appeal. Furthermore, the developers CDL and MCL Land have strong track records of delivering high-quality developments, providing further reassurance to buyers.
For investors, the relatively high rental yield and potential for capital appreciation make the Tembusu a worthy consideration. The condo's unique architectural design and premium fittings could also command higher rental rates and attract high-quality tenants.
FAQ
What is the rental yield of Tembusu Grand Condo?
The rental yield of Tembusu Grand Condo is approximately 3.5%, which is higher than the Singapore average of 3.2%.
What makes Tembusu Grand Condo a good investment?
Tembusu Grand Condo's strategic location in District 15, competitive pricing, and high rental yield make it a good investment. It is also developed by CDL and MCL Land, reputable developers known for quality developments.
How does Tembusu Grand Condo's pricing compare with other condos in District 15?
The median transacted price for units in the Tembusu is about S$1,700 psf, which is competitive for new launches in the prime District 15 area near Tanjong Katong and Marine Parade.
Conclusion
- Tembusu Grand Condo presents a valuable investment opportunity with its strategic location in District 15 and high rental yield.
- Its pricing is competitive with other new launches in the prime Tanjong Katong area, and buyers can expect quality construction from CDL and MCL Land.
- Investors stand to benefit from potential capital appreciation and above-average rental yields.
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