Why now is the best time to buy property in District 10
Buying a property is a big deal, and you want to make sure the voyage into your property journey goes as smoothly as possible. One of the most important first steps is deciding which location is most ideal for your new home.
There are several factors to consider when deciding which address is best for you—proximity to amenities, investment prospects, future transformations in the neighbourhood, and many more. Multiple locations in Singapore may appear to fit the bill, but one of the best choices to settle down has to be District 10.
Consisting of Bukit Timah, Holland, and Balmoral, District 10 is one of the most popular residential neighbourhoods in the country. It is located within the Core Central Region (CCR) and close to plenty of conveniences, making properties in the area the prime choice for both Singaporeans and expats.
At Property Giant, we always want to provide you with the latest market trends to help you in making the right decision for your next property purchase. We believe there is no better time to be buying in District 10 than now, and here are some of the reasons why:
1. District 10 will be near the centre of Singapore’s economic boom
Business might be a bit slow during the Covid-19 pandemic, but corporations are already bracing and slowly preparing themselves to go all out as soon as the situation improves. Singapore is definitely a leading investment destination in Asia right now. Companies have already started snapping up building lots in the Orchard Road area which will likely lead to an increase in job opportunities and investment prospects in the foreseeable future.
And can you guess which district is right next door? That’s right, District 10!
Located just minutes away from Orchard Road, there is no doubt that more investors will be wanting to buy properties in the area. If you’re looking to expand your assets or take on a passive income, investing in a property within this district will be a wise choice. With the expected boom in the property market coming to the area soon, you should be looking to take advantage now!
2. Affluent neighbourhood with high market demand
District 10 is home to some of the most luxurious developments in the whole of Singapore. And one area that is particularly concentrated with such homes is Balmoral Road.
Balmoral might be a lesser-known neighbourhood among Singaporeans, but it is widely popular among expats due to its location and high-end properties. Because of that, it comes to no one’s surprise that the developments along Balmoral often sell for a hefty price. In 2019, a three-bedroom unit at Balmoral 8 was bought for $2 million, earning the seller a profit of about $1.48 million. Another penthouse unit at One Balmoral sold back in 2017 for $4.48 million.
If there’s one takeaway from the numbers, it’s that developments within Balmoral are proving themselves to be some of the best choices for property investment. With the real estate market in Singapore beginning to heat up, you should be considering property that is going to give you the greatest returns down the line.
3. A rare new launch is now available in District 10
Right now, developments within the CCR nearing their TOP are selling fast. As the economy slowly recovers from the pandemic-induced recession, the appetite for buying property is on the rise. The situation is further exacerbated by the current low interest rates, pushing people to put their money into real estate.
Finding a brand new house in District 10, let alone a development nearing its TOP, may pose a bit of a challenge as there is only a limited amount of land available in the district. This means new launches don’t come by often, and when they are available, you will have to be quick to grab the best units. So, is it still possible to find a new launch unit in District 10?
The answer is “Yes”!
If you want to get your hands on a rare new launch in District 10, Sloane Residences is your answer. Sloane Residences is a brand new, freehold condominium located along Balmoral Road. The expected TOP for this development is in December 2021, which means it won’t be long before you can get the keys to a luxury condo unit in District 10!
You can read our review on Sloane Residence at Balmoral Road here.
So, are you convinced yet? If you are thinking of owning a home in District 10, we have the perfect property for you: Sloane Residences. Located along Balmoral Road and close to all the amenities and conveniences you need, the luxurious units at Sloane Residences tick all the right boxes for your dream home!
If you are interested in owning a unit at Sloane Residences, contact us now at +6100 6199 for a FREE non-obligatory consultation with our friendly licensed Property Agent.
Image Credit: Wikimedia common