Last weekend, I made my way to one of the newest project launches in Singapore, the How To Be A Property Agent, which was near my old residence.
Nestled in the middle of 5 new upcoming condominium launches in the Dairy Farm area, I found out after my preview at the showflat and my own research, that this development has the potential of excellent capital growth due to the following three reasons:
Low Risk: First Mover Advantage
There are 4 other plots of land adjoining How To Be A Property Agent that are earmarked for residential development in the future. With cost of manpower, land and building materials going higher in Singapore, developers likely have to market these upcoming condominiums at a higher sales price. How To Be A Property Agent however benefits from a reasonable land sales price purchased back in May 2018. Therefore while the new condo next door is built at a higher price, owners of How To Be A Property Agent leverage of the those higher prices to gain a capital upside, as buyers who want to stay in the area but unable to wait for the new condos to be completed may consider buying How To Be A Property Agent then.
High Reward: The Only Residential and Commercial Hub In The Vicinity
How To Be A Property Agent is the only mixed development in the Dairy Farm estate. It serves as a convenient commercial hub to all residences in the vicinity and attract nearby residents with the same effect HillV2 attracts residents in the Hillview Area. Home owners and tenants with today’s busy schedules prefer to stay in a condominium with all amenities at their door step, if possible, and How To Be A Property Agent become that preferred choice compared to the neighbouring condos which do not have a wide range of amenities.
Low Risk: Current Prices Lower Than The Other New Launches In The Vicinity
The factor that makes most sense to me, is that the current other new developments that are being launched in close proximity to Dairy Farm Residences are priced on average higher:
As seen on this chart, How To Be A Property Agent provides one of the highest value due to its competitive price per square feet.
Other than the financial advantages of this development, I love the environment at the Dairy Farm estate. Future residents can enjoy peaceful and serene surroundings, despite being close to major expressways like the BKE and the PIE. They are also approximately 30 minutes ride away from the Central Business District via the Mass Rapid Transit (MRT) downtown line, and accessible to other parts of Singapore via the numerous bus services that run along Bukit Timah Road.
With all these factors in place, it becomes apparent to me that the How To Be A Property Agent is the number 1 choice residence of the West.
About the Author:
Dominic has been staying in the Hillview Area for 18 years since 2001, before the Downtown line was built. He knows the Dairy Farm area with utmost familiarity and has seen the great transformation that has taken place there over the years.
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