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$1,398,000

2 Bed Condo for Sale in Gem Residences

3 Lorong 5 Toa Payoh · Condo for Sale Balestier / Toa Payoh (D12)

Bed icon

2 Beds

Bath icon

3 Baths

Floor area icon

775 sqft

Property details

Price/sqft
$1,803.87 psf
Built year
2020
Tenure
99-year leasehold
Property type
Condo
Last updated
3 days ago
NS18

20 min (736 m) from Braddell MRT

Amenities

Clubhouse

Clubhouse

Gym

Gym

Pool Deck

Pool deck

Lounge

Lounge

Swimming Pool

Swimming pool

Jacuzzi

Jacuzzi

Playground

Playground

Fitness Corner

Fitness corner

Parking

Parking

Security

Security

BBQ

Bbq

Tennis Court

Tennis court

Description

Call now to enquire **Investor alert** Own 2 units without ABSD! Enjoy maximise rental return with great passive income. Rare Dual Key unit located at central of Singapore and walking distance to 2 MRT - Braddell MRT and Toa Payoh MRT station - New large development in mature estate - No competition within surrounding developments - 2 units individual unit with private entry. Both comes with attached bathroom, kitchenette and private balcony - High floor, unblock view - High rental demand at city fringe - Superb cash cow unit for investment - Ideal for multi-generation stay City Fringe living – Gem Residences is one of those extremely rare development in a matured estates such as Toa Payoh. Due to the limited land available, it is expected that demand will be high considering the excellent location and the many amenities in this town. High rentability is also expected due to the lack of condominium supply in Toa Payoh and the fact that it is in the Rest of Central Region. For the past 7 years and even till today, there is no Government Land Sales(GLS) in the estate of Gem Residences condo Toa Payoh. This only means that the supply in this estate is minimal and thus the future potential in capital appreciation will be exceptional. Rare investment opportunity – Gem Residences is indeed a rare investment property to come by. Toa Payoh is home to only 3 condominiums namely Oleander Towers, Trellis Towers, Trevista. While the rest are about 20 years in age during Gem Residences TOP date at year 2020, Trevista is the youngest at already a decade old. The current supply of condo units in this estate is only at a humble 1292 units. This is also the very reason for the rental market here to be so strong due to the weak supply. #RareinvestmentUnit #CityFringeCondo #DualKeyCondo #TrioKeyCondo #CondosTo2MRT #WalkTo2MRT #ToaPayohNewCondo #StrongPassiveIncome #CondoWithHighRentalDemand Read More

Development overview

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Unit types
Studio, 1, 2, 3, 4, 5 BR
Total units
578
Built year
2020
Tenure
99 Years
Developer
Gem Homes Pte Ltd
Neighbourhood
See more development details

Property insights

This property costs 21% more than the avg. 2-bedroom for sale in District 12

Avg. price: $1.1 M


This property is 8% larger than the avg. 2-bedroom for sale in District 12

Avg. size: 710 sqft


Data shown is based on average prices and sizes of 2-bedroom for sale listings in District 12 listed on 99.co

Price Trends

Sale

Rent

All Bedrooms

1M

3M

6M

1Y

5Y

10Y

No data available

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premium agent
Yvonne Megan Lim

PropNex Realty Pte Ltd

CEA: L3008022J | R009885C

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