Leedon Green investor review, can an investor make money here?

Background of Project

Built in a wealthy enclave in Farrer Road is Leedon Green – a project by Yanlord and MCL Land – in what is touted as a second Orchard Rd/Tanglin. Leedon Green is nearby Holland Village, which gives you the options for uptown living with its spread of boutique restaurants and fine dining options, grocery shopping at Cold Storage, and in the future to come, enhanced shopping experience with One Holland Village’s completion. 

It also near the “education belt of Bukit Timah” with prestigious schools, and also nearby the GCB enclave of Bukit Timah. For investors, this is particularly attractive as they have directly or indirectly helped to maintain or even prop up the prices of the condos in Farrer Road area for many years.

Leedon Green Condominium Fact Sheet

Property Type: Private Condominium

Tenure: Freehold

Address: 26 – 38 Leedon Heights

TOP: 2023

Site Area: 29,357.36 sqm / 316,000 sqft

Blocks: 7

Units: 638 units

Floors: 12

Developer: MCC Land and Yanlord

Developer’s background info

MCL Land needs no introduction in Singapore. It is a company under Hong Kong’s Jardine Matheson Group, and has shown strong financials for many years, and being backed by a conglomerate. Past developments of MCL Land includes Hallmark Residences, The Estuary and Palms @ Sixth Avenue. 

Yanlord Group, however is a new entrant in the property scene in Singapore. However, it is a veteran in China. It has also invested in projects in Singapore prior to its pioneer project of Leedon Green, notably in UE Bizhub. Yanlord is also listed on SGX. 

Growth areas
Investors and parents would be happy to know that Leedon Green is situated near the “Bukit TImah Education Belt” of National JC, Hwa Chong Institution, Nanyang Girls’ High and Methodist Girls’ School. Within 1km of Leedon Green is Nanyang Primary School and 2km, Raffles Girls’ Primary School.

Leedon Green is also situated near Singapore Botanical Gardens, and this adds on to the landscape that is offered within the area. Hikers will be happy to note that there is an adventure hiking trail planned in the Gallop extension that is currently under construction, together with Forest Discovery Centre, arboretum of rainforest trees, and more.

There is also an uptown vibe with ample recreational hotspots is readily available in nearby Holland Village, with nightlife and mix of franchise, boutique and upscale restaurants to cater and whet your appetite and every choices.

Leedon Green is also 3 minutes away from Empress Road Market and Food Centre, for economical comfort food on days when you need it.
For transportation, Farrer Road MRT is 6 mins walk away, and it takes 15 mins to drive to Orchard Rd/Tanglin and 21 mins drive to Raffles Place, via AYE then CTE. Napier MRT, will also be up, in the future to serve residents in this area. Farrer Road area is also along the North-South Expressway that will be built in the future, making traveling more convenient to the North and South and also to CBD.

Point worthy to note is that condos in Farrer Road typically are in high demand by expats and Caucasians, who are also willing to pay high rental as they could be subsidized in their employment package or fully paid for, or even out of their own pockets. We have noted that condos in this area tend to be minimally at average rental yield across the country for condos, and its not surprising to find even 3% rental yield for 1BR or 2BR in this area.

In addition, there might also be spillover effects from Greater one-North area when more tenants move into the existing bioscience and tech hubs located near NUS and Biopolis, leading to rise in tenant pool, and also upcoming condo launches in the future, from the 2 parcels of land in Slim Barracks that recently got sold in a GLS to Kingsford and EL Development Pte Ltd. These new launch condos might positively impact Leedon Green’s price as a resale condo in the future since their developer breakeven price is already estimated at over 2.5k psf.  

Needless to say, both the planned mixed-use centre at Rochester Park slightly down from Buona Vista and Holland Village Extensions will positively impact the area when it comes to livability and valuation. There is also Holland Plains, where a wetland park, amusement facilities, F&B and shopping options can be found.

Unique Selling Points 

  • Nearby numerous prestigious schools such as Nanyang Pri and Raffles Girls’ Pri (within 1km and 2km respectively)
  • Uptown vibe with numerous dining options in the area and Holland Village
  • Great for people who like to exercise (Singapore Botanical Gardens is nearby) 
  • 3 swimming pools, and ample space in the compound to stroll/exercise
  • Above average rental yield, popular with expats with deep pockets

Price comparison vis-à-vis other new launches

Price comparison vis-à-vis resale condos 


We have done the numbers crunching, and what we found is that Leedon Green is priced at 17 to 34% premium of breakeven prices for the developers. 

Naturally, we ask, is this premium worth it?

Especially when the nearby new launches are priced cheaper than Leedon Green per square feet.

If you are buying not for own-stay but investment purely, you could buy a 1BR unit (which is popular to lease in this area with expats) at The Wilshire for 1.2mil instead of 1.483mil at Leedon Green (for a 2BR as there is no 1BR at Leedon Green). Then, you would have saved 283k for a car, pay other loans, or channel into other investments, while at the same time earn a healthy rental of $2.9k per month (even for 1BR) based on D’leedon’s historical rental data. At 2.9k per month, this is for an above average rental yield of 2.9%. In fact, to top it off, there might even be appreciation from the 1BR 10 years later, as historical data from D’leedon showed that there is 29% increase in price over a period of 10 years. So, if you hold out for 10 years, rent it out continuously, there will be rental income to earn plus a bonus of capital appreciation to earn once you sell it 10 years later. 

However, that is not to say that buying Leedon Green is a poor investment. Based on historical data, 2BR and 3BR units in both D’leedon and Leedon Residences saw price increase from 7% to even 24% over 10 year period. So, while you might be paying a premium now, there is a chance to see appreciation over a mid to long period of time for stay-vestment and own stay buyers.

Based on historical record from 2016-2021, Leedon Residences saw 39 transactions, out of which 32 were profitable and 7 unprofitable. Many saw profits of well above 200k. (82% profitable)

For 99 year lease D’leedon, out of 267 transactions, 224 were profitable (84% profitable).

To summarize, The Wilshire and Hyll on Holland are priced lower psf than Leedon Green, and Hyll on Holland is particularly attractive if you want privacy and the gated community feel. In our opinion, The Wilshire is particularly attractive for investment as it is lower psf and yet likely similar returns to freehold condo Leedon Green. 

Do note that The Wilshire is built on a hill and is a smaller development, but most likely will have better view than the less desirable stacks of Leedon Green. 

We also note that this area is attractive for children of landed owners who want to stay near to parents, HDB upgraders who want a chance at freehold condo for legacy planning and to pass their wealth to their children, landed downsizing since Leedon Green is freehold and for those who want to send their kids to prestigious schools and be near them. 

Exit Strategy 

There are strategies for exit if you own a condo in Farrer Road region:

  • Buy a 1BR unit for investment, collect rental over 10 years, let it appreciate (hopefully) in the 10th year barring economic crises, then cash out.
  • Buy 2BR/3BR for own stay, let it appreciate (hopefully) in 10-20 years, then cash out and downsize or asset switch. 

Contact us

The above is the analysis for Leedon Green, a mega project in district 10.For more information and advice, just contact Home Quarters by going over to www.homequarters.com.sg or send us an email at homequarterssg@gmail.com or visit our social media on YouTube, Facebook and Instagram or call K.C. Ng at 88092889. Remember, for all your real estate needs, call home quarters and start packing!

Normanton Park can buy or cannot buy for investment?

Background of Project

Built upon a large landmass of ~680,000sqft of land, Normanton Park offers a suburban feel in an affluent enclave that is 16 mins walk away from Kent Ridge MRT, in the Queenstown Planning area. When this modern and thoughtfully designed condo was launched, it was the talk of the town due to its sheer size, the number of units (totaling 1862), and its myriad of facilities available that make your maintenance fee worth every cent. 

This is a 99 years leasehold condominium situated in district 5, with 1862 units and 8 commercial shops. The development has anything from 1BR to 5BR to even landed strata houses and the expected TOP date is 2023. We are looking at a mega project of 9 tall blocks with full condominium facilities.

The land is garnered from an En-Bloc or collective sale from the previous owners of the project that is also known as Normanton Park. Kingsford hurray won the close door bid for $830.1 million, and since it’s closed-door, we are unsure of the other bids placed.  In addition, Kingsford also paid an estimated $231.1 million to top up the lease to 99 years and also the fee of about $283.4 million to redevelop the site to the maximum permissible gross floor area.

Normanton Park Condominium Fact Sheet

Property Type: Private Condominium

Tenure: 99 years leasehold wef. 22 July 2019

Address: 1 – 88 Normanton Park

TOP: 2023

Site Area: 61,408.31 sqm / 660,999 sqft

Blocks: 9

Units: 1,862 Residential Units and 8 Commercial Units

Floors: 24

Developer: Kingsford Huray Development Pte. Ltd.

Estimated breakeven price and the developer’s bio

Our estimated breakeven psf ppr is $1516. With an estimated modest 15% margin, it will be $1743psf.

The developer, Kingsford, is no stranger to developing mega projects.

Notably, they have developed Kingsford Hillview Peak that have 512 units and also Kingsford Waterbay with 1165 units.

Even though this is not their first mega project, the Controller of Housing issued a no-sale licence for the project on Jan 15 2019, “as the company had failed to meet the requirements for a sale licence”, according to an Urban Redevelopment Authority (URA) spokesman.

After investigation, it was found that some building works such as windows, barriers and common storey shelter “had deviated from requirements under the Building Control Act and Regulations”.

However, Kingsford was quick to react to this negative news, and brought in a new construction company, China Jingye, which is a subsidiary of MCC Land, to finish construction for Normanton Park. China Jingye is well known for its sustainability efforts and is well received in Northern China, where it was awarded the 2017 Most Influential Responsible Brand of Beijing-Tianjin-Hebei region. In Singapore, China Jingye has won Gold award in “Project Category” and Platinum in “BCA Green Mark” category. Previous projects completed by China Jingye in Singapore includes Queens Peak, The Alps Residences and The Poiz.

Sale licence was finally awarded to Kingsford for Normanton Park by the Comptroller of Housing on 30th Nov 2020 but under the conditions of the sale licence, all units within the condominium must pass the Quality Mark inspection by the Building and Construction Authority (BCA) before being issued the Temporary Occupation Permit (TOP).

Growth potential of project

In the vicinity of Normanton Park, there are other 2 residential plots that are subjected to details planning and also multiple smaller plot of commercial lands across the street along Portsdown Road and One North Ave. This means that URA has plans to further develop the area. However, these developments will not take place in the near future as they are not mentioned in the Master Plan 2019.
That said, taller condos might be built in the future and these might block your otherwise unhindered view when you first move into Normanton Park. Be aware of this point.
In the shorter term, Normanton Park investors can seek to tap on the existing tenant pool found within the One North Region with its development and established companies and institutions. White collars from one-North in the life sciences, tech industries, media industry, start up and even NUS academics will form the tenant pool. With the limited supply around the Buona Vista region, we expect potential long term lease lock in with these groups of tenants. We expect good tenant pool mix and healthy rental rates.
In the medium term, spillover effects from Jurong when Jurong Innovation District, with its first phase of development finish in 2022 (expect some delays), will be positive. This is because Jurong is touted as the “2nd CBD of Singapore”, and so Normanton Park, being just 3-4 MRT stops away, might prove to be a hot place to stay/rent for those working in Jurong.
Looking further ahead, the development down south at Greater Southern Waterfront will come alive post 2040. Together with the Waterfront Promenade and Eco Corridor found south of Normanton Park, we predict this will be positively impact Normanton Park, leading to capital gains at the later stage in about 20-25 years’ time.

Unique Selling Points 

Normanton Park, being a mega development, has a large landscape swimming pool, and a resort-style feel to it that is quite different from other projects in the vicinity. It also has Kent Ridge Park as its backyard for nature lovers that love to stroll along parks, and is also relatively near to Mount Faber for sight-seeing trips on the weekends. 

Kent Ridge Park

However, Normanton Park is not school-going friendly. As there is no primary school to be found within 1km radius. There are only 2 primary schools within 2km, namely Fairfield Methodist Primary School and New Town Primary School. Fairfield being a good school is hard to get in even in the 1km radius, so do not place high hopes on getting into the school if you live in Normanton Park.    

Comparison vis-à-vis new launch in the vicinity

In just less than 8 months of sales since launch, Normanton Park has sold 60% of units till date. The main competitor in the vicinity is Kent Ridge Hill Residences which launched about 2.5 years ago. 1 Bedder at Normanton Park (from 517 to 700sqft) starts from $951k and till date, 51.2% are sold. There is no comparison with Kent Ridge Hill Residences as there is no 1 bedder to be found, making Normanton Park the sole option for those who wish to invest in a 1 bedder in this region.

For 2bedroom, Normanton Park has units from 657-980 sqft, starting from $1.356 mil. Units are selling like hotcakes, with 90.7% of sold till date. Kent Ridge Hill has 2BR for sale from 743 to 797 sqft, starting from $1.465mil, with 95.7% sold.

For 3 bedrooms, 904 to 1249 sqft, starting from $1.561 million and has 34% unit sold. In comparison, 

Kent Ridge Hill has 3BR, 883 to 1076sqft, starting from $1.746mil, with 67% sold.

Lastly, for 4 bedrooms, Normanton Park has units 1195 to 1453sqf starting from $2.111 million with 25% sold, while Kent Ridge Hill has 4BR penthouse units 1518 to 1927sqf starting from $2.748mil with 66% units sold.

Comparison vis-à-vis resale condo in the vicinity

Down at nearby Depot Rd, we have The Interlace (TOP 2013) as a resale comparison with Normanton Park.

Pulling figures from online portals, it is found that:

Exit Strategy

Once one-North is fully developed and Jurong Business District becomes operational, expect positive spillover effects from these urban areas to reinforce Normanton Park’s price by then. Judging from the historical trend of The Interlace and if history repeats itself, then mid-term exit investors can look to gain from the sales of Normanton Park, just like in the case of The Interlace. 

For longer-term exit investors, For the long-term exit investors, bank on the Greater Southern Waterfront to positively impact Normanton Park’s prices. Also, one can hope that government will release the land and developers will bid for the nearby undeveloped residential plots in the future at higher price, thus leading to increase in price for Normanton Park due to the higher valuation of surrounding nearby land from future land sales. This could prove to be healthy capital gains for longer-term investors.


For buyers that are looking to own a new project in the Buona Vista/one-North/Kent Ridge vicinity, either as an investment or own stay that will be ready in the recent future, one can consider getting a unit in Normanton Park, at cheaper psf and absolute price than that of Kent Ridge Hill Residences, or the resale unit in The Interlace, due to The Interlace’s bigger unit size.

If you can wait and are also willing to take the risk of a potentially higher price but for a project that is nearer to the Buona Vista MRT station, there are two land plots upcoming along Slim Barrack Rise just opposite of One-North Eden.


In short, looking at the demand especially for 1BR and 2BR, our subjective view is that Normanton Park can serve as a good investment for growth in the medium term due to the lower absolute price as compared to the new and even resale units in the region. Rental turnover should be healthy given the proximity to the one-North region but you will have much competition from other landlords in Normanton Park for tenants, come TOP. 

For longer term own stay buyer, Normanton Park will be comfortable to stay due to numerous facilities found. And if you like very high floor units, comparing the other condo in the region, only Normanton park have tower blocks that goes up to 24th storey

For the short-term investor looking to flip, we here at Home Quarters advocate and believe that you should at least be able to hold on to an investment unit for the medium term but if market condition is good to sell off in the short-term, you can choose to do so. Looking at short term, we anticipate heightened competition among investor sellers that want to exit quickly considering there are 1150 units of 1 and 2 bedroom in Normanton Park!

Contact us

The above is the analysis for Normanton Park, a mega project in district 5. For more information and advice, just contact Home Quarters by going over to www.homequarters.com.sg or send us an email at homequarterssg@gmail.com or visit our social media on YouTube, Facebook and Instagram or call K.C. Ng at 88092889. Remember, for all your real estate needs, call home quarters and start packing!

Five weird lifestyle-changing factors for HDB Flat

You’ve probably stumbled across this article if you’re kiasu like me – you don’t want to buy your dream HDB flat, be it BTO or resale, only to realize that your dream has somehow warped into a chilling nightmare. Sounds like an exaggeration?

For some of you, it may very well not be. To avoid such a situation occurring, we’d like to present to you five weird lifestyle-changing factors that you should look out for before buying a HDB flat.

Five weird lifestyle-changing factors for HDB Flat

1. HDB Flat Pets

The Housing and Development Board (HDB) is actually extremely strict about the specific types of pets that can be raised in a flat. If you’re planning to get a pet in the future, or you already own one and plan to bring it with you to your new HDB flat, this section is most applicable to you.

Five weird lifestyle-changing factors for HDB Flat

HDB Approved Dog Breeds Source: HDB

Let’s talk dogs. HDB allows for 62 breeds of dogs, and the full list can be found here. However, that’s not all, you can only keep one dog in your HDB flat. And if it is a mixed breed, it can only come up to a maximum height of 55cm.

Five weird lifestyle-changing factors for HDB Flat

Cast are not allowed in HDB flats Source: HDB

Regarding cats, though, HDB actually implemented a rule whereby cats are not allowed to be kept in HDB flats. We’ve actually covered all the finer details in our article, where we discuss why this rule was implemented, and other alternatives you can explore if you’re adamant on owning a cat.

Other pets like rabbits, guinea pigs, or fish, are fine though. Though, we should mention that if you’re a fan of exotic pets, you do need to take a look at exactly what can and cannot be kept in HDB flats, which you can find on the HDB website.

Scroll down to download the FREE 15 MOST IMPORTANT FACTORS CHECKLIST before buying HDB flat!

 2. HDB Flat Gentrification

Gentrification is a term that’s been on the rise for a while. In a traditional sense, the word is used to describe how a neighbourhood changes to become one that caters more to wealthier households than before.

Five weird lifestyle-changing factors for HDB Flat

Tiong Bahru Bakery Source:Casual Diner

We’ve been seeing something similar in various neighbourhoods, most notably with the example of Tiong Bahru. Tiong Bahru is a neighbourhood in a now-prime region that’s witnessed the emergence of a large number of artisanal cafes. While residents haven’t really been complaining about the changes to the area as they cite Tiong Bahru Market as a highly accessible option for cheap hawker food, this may not be the case for other estates that may undergo gentrification in the near future.

Five weird lifestyle-changing factors for HDB Flat

Tiong Bahru Club Source:SG Magazine

If you’re someone that prefers a wide variety of old school kopi and a delicious hokkien mee full of wok hei flavor over a pleasant cappuccino and a fancy eggs benedict, this may be a factor you want to take into account before you move into your new neighbourhood.

If this seems like a major concern to you, and you’re uncertain as to whether or not a neighbourhood you’re looking to buy a flat in might undergo gentrification, leave your contact details!

Home Quarters would be more than willing to take a look at your options and advise you on how to proceed.

3. HDB Flat with quirky shapes

This section applies more to those buying resale HDB flats; BTO flats today are thankfully shaped in a standardized way. There are some older HDB flats out there who have weirdly shaped floor plans, such as fan-shaped ones, or units that, for some reason, lack corners.

In any case, some of these shapes may not be obvious to you at first glance. This may not always necessarily be a bad thing, though; some owners just take it in stride.

HDB Flat Weird Floorplan

Curve shape corver unit Source:Renovation.sg

However, there are some problems that you may see cropping up. The problem that we personally would take the most seriously is the inability to maximize space. Most flats in Singapore are already not as large as most would like; having a shape that, for example, causes your dining table to be unable to fit into a certain corner, would mean that that table would have to be put somewhere else, that could have been empty.

This may give your house an illusion of being more cramped than it actually is. Well, this problem, like many others, can be easily fixed with money. Having a budget to buy or craft customized furniture that best suits the shape of the house, or to fully renovate the house, could possibly guarantee not only a complete utilization of space, but also capitalize on the special shape of the house.

This could also mean that your house looks especially unique and intriguing to guests. But of course, these benefits come at the expense of an increased cost of acquisition of the flat.

Scroll down to download the FREE 15 MOST IMPORTANT FACTORS CHECKLIST before buying HDB flat!

4. HDB Flat Hidden Fees

While HDB flat owners pay less in maintenance fees (officially called the Service and Conservancy Charges (S&CC)) than their condominium-owning counterparts, when you’re looking to buy a resale HDB flat, it would be best to look out for any sort of hidden fees that you might have to pay once you move in.

HDB Flat Hidden Fees

These can come in the form of pest problems (paying for a pest exterminator to come in), faulty water heaters (having to replace them in all the toilets), wiring problems (more applicable to those who aren’t planning on renovating their new home), or having to install your own air-conditioning units.

While these may not seem like they cost a lot, you might find better alternative flats that don’t require such troublesome services, despite being just a tiny bit more expensive.

5. Location of flat within the block

A lot of people talk about the floor level of their units as a key factor they take into consideration. Something else you can take into consideration. However, is where exactly your unit is located on whatever floor.

HDB Flat Corridor Unit

HDB Corridor Unit Source:shaheed salim

Take for example, a comparison between a corridor unit and a corner unit. A corner unit usually provides more privacy due to less foot traffic, and would also prevent people from accidentally destroying your houseplants or kicking your shoes by accident. On the other hand, some actually prefer corridor units as they feel less stuffy, and its orientation allows natural light into their living rooms.

HDB Recess Area Source: Fatema Design Studio

Another interesting tidbit here: you know that little area outside your HDB flat along the corridor? You can actually buy that space and have it renovated to your liking. It comes with quite a few conditions though – check out our article we did covering this topic for the specifics!

If this speaks to you, you might want to consider getting a resale flat that has a recess area available for purchase. Another example would be your unit’s proximity to the nearest garbage chute. If you’re like me, and you absolutely hate any form of creepy-crawlies, we would never get a unit that’s anywhere close to the garbage chute.


The five factors we’ve mentioned above are unlikely to apply to everyone – a lot of these factors depend upon your own personal preferences and where your priorities lie when you’re choosing a flat. However, we sure we all want to have every possible factor taken into consideration before buying a house, arguably one of the most important decisions in our lives.

Here at Home Quarters, we won’t just tell you about numbers and facts, but we’ll also pay extremely close attention to every little single preference that you have, talk to you about any future plans, and take a multitude of factors and opinions into consideration before advising you on buying your dream HDB flat.

Free Checklist

We also listed out another 15 IMPORTANT FACTORS BEFORE-YOU-BUY-HDB CHECKLIST for you !!


Contact Us

If you have any questions or want to share any opinions with us regarding this article, simply leave your contact details or send us a quick email ! Alternatively, you can contact us via whatsapp message or call KC at +65 8809 2889! Or direct messages on our Facebook and Instagram pages. 

At Home Quarters, we’re all about quality, efficiency, and most importantly, taking into account what exactly our client wants. If you want to hear about how we do this, take a look at our series Closing Thoughts, where we sit down with our clients after we’ve successfully sold or bought a property on their behalf! 

That’s all for this article! Stay safe, and remember, call Home Quarters and start packing!

How to choose your perfect fit cheap condominiums?

Condominiums are usually seen as expensive and luxurious private properties that Singaporeans continuously aspire towards. The thing is, though, not all condominiums have to be expensive – in our YouTube video. We covered three affordable condominiums that all cost less than or around half a million dollars.

However, the key question is: are they really worth buying? The scope is a little wide with this question, so we’ve narrowed it down to the following:

Based on the following age groups, 20-35 years old, 35-55 years old, and 55 years old and above. Are cheap condominiums truly worth its value?

Before we begin the article, you might ask, why those three age groups specifically? That’s because we understand that individuals of different ages have different priorities.

A. Age 20-35 years old

More specifically, younger couples and individuals in the 20-35 years old age group are most likely to be looking to buy their first property, and are looking at condominiums either because they have failed to obtain a BTO flat, or because they are not willing to buy a resale HDB flat.

Most people in this age group are likely to be unable to afford more expensive condominiums. Though, due to the fact that their incomes are likely to be entry-level pay.

B. Age 35-55 years old

Meanwhile, middle-aged folks in the 35-55 years old age group might be looking to upgrade their current property to a newer, bigger one, perhaps with more amenities.

C. Age 55 years old and above

Lastly, those in the silver generation that are 55 years old and above could be looking to downgrade into a cozy retirement property after their children have moved out of their previous house.

With that being said, let’s dive into the three factors that we believe best answer the question. Should you buy a cheap condominium?

1. Size

The first factor we’ll be addressing, of course, is size.

A. Age 20-35 years old

First, let’s take a look at this factor from the perspective of younger couples and young graduates that may plan on having children in the future. Most cheap condominiums are on the smaller side, and thus may not be suitable for their future needs and plans.

Most 4-room HDB flats are about 95 sqm in size, compared to most cheap condominiums that are 45 sqm in size. The size of the condominiums may thus not be ideal in the future.

On the flip side, couples that have no intention of having children. Or perhaps singles in this age group that can afford such a price point, may find that cheap condominiums are ideal for their living situation.

Condominiums are able to offer great amenities and possibly more privacy than HDB flats, and have the potential to be a great investment property for first-time homeowners. If we disregard the smaller size of most cheaper condominiums.

Moreover, singles could also choose to buy such a unit, and continue staying at their family home while renting out this property for the first few years, before moving back in once the mortgage has been covered by rental income.

B. Age 35-55 years old

Secondly, for middle-aged folks, regarding size, there are two key problems that we should consider.

The first one, like above, is if there is enough space for children to live in. Those in this age group may typically already have children. They have to keep in mind that moving into a condominium may not necessarily always be an upgrade.

If size is the key factor that holds the most sway in their decision-making process. There are resale HDB flats out there that are actually bigger than condominiums, that may be cheaper in price as well.

The second problem would be the fact that as the parents of those in this age group grow older, they may need more care. If the situation arises where one’s elderly parents may need to move into the same home so that they can be taken care of more easily, the unit may then again be too small.

In both these cases, we see the importance of having a larger house when taking into consideration one’s future plans and outlook. For those in this age group, cheaper condominiums may not be the right fit, considering the factor of size.

C. Age 55 years old and above

Thirdly, for those older than 55 years old, the size of cheaper condominiums may just be the perfect fit for their needs. A home for elderly people that is smaller may actually be better, for a multitude of reasons. One reason would be that the elderly do not usually require much living space.

And another more practical reason would be that a smaller unit means less surface area to clean, which is something that may be a key consideration for the elderly.

2. Accessibility

The next factor we’ll discuss is location of the condominium, and its accessibility

Most cheap condominiums are located in the Outside Central Region (OCR) districts, and also in non-mature estates. Do check out our previous video about Singapore Region.

Singapore Region Map Photo:Property Guru

This means that the area around such condominiums are likely to be less developed, and may not have many shopping malls or schools in its vicinity.

For this factor, we’ll group the first and second age groups together, to address the main problem: proximity to schools.

I. Schools

The location of the condominium plays a huge role in determining where children end up schooling. For those in the first age group, who may or may not have children in the future, they should keep this in mind if they have a specific school that they want their children to attend in the future.

Gan Eng Seng Primary School Photo: CIAP Architects

This applies for those in the second group as well. Upgrading to a cheaper condominium comes with its benefits. But this may mean that children would have to transfer schools, or their next level of education will be spent in a school in an unfamiliar neighborhood.

Moreover, for working adults who do not own a car, this accessibility might be a key factor to consider when deciding to buy a cheaper condominium, especially those with children.

II. Transportation Costs

What many forget to account for is transportation costs, which may actually offset the money saved from buying a cheaper condominium. Taking public transportation across long distances or hailing taxis to work five days a week eats into your accounts more than you think.

For the last age group, the location and accessibility of the property may not actually be a huge problem. Why do we say this?

Well, if you’re looking for a private property as your retirement home, chances are you’re already retired. This means that there’s not much of a reason for the elderly to leave their homes, other than maybe to take a walk around the neighborhood, or to venture out to the nearest wet market to pick up groceries for the week.

While the nearest shopping malls or markets may not be in close proximity to the condominium. One trip to the grocery store a week isn’t really much of an inconvenience.

This is even more so if you own a car. Perhaps one thing to consider is if there are hawker centres or coffee shops nearby. Because not every elderly is able or willing to cook every day.

All in all, we think that this factor may hinder the first two age groups the most, but doesn’t really apply to the last age group. 

3. Alternatives

Lastly, the last factor we definitely have to consider is alternatives

A. Age 20-35 years old

For the younger folks, a perfectly acceptable alternative would be a BTO flat, or perhaps a resale HDB flat.

There are definitely a lot of downsides and unpredictable factors when we talk about owning a cheaper condominium. In the first place, BTO flats are likely to be both more affordable and larger than even the most affordable condominium unit.

Even if you’ve been unsuccessful in obtaining a BTO flat for awhile, we’d still recommend a resale HDB flat instead of a cheaper condominium. In fact, just as we’ve covered in this article, we actually believe that resale HDB flats can be a better option as compared to a BTO flat.

B. Age 35-55 years old

For those in the 35-55 years old age range, your top priority right now may be simply to upgrade to a nicer property. However, we should keep in mind that condominiums have lost the prestige that used to be attached to it, as owning a condominium has become more and more common.

Large 4 Room HDB Flat

Now, a true ‘upgrade’ would come in the form of practicality. A larger HDB flat in a mature estate would be a good example. Just as we’ve covered in our article, we believe that it is possible for a larger resale HDB flat to be a better long-term investment than a cheaper condominium.

C. Age 55 years old and above

For those in the silver generation, deciding what property is going to be your retirement home is a decision that should not be taken lightly.

As we’ve covered in this article about where you should stay for your retirement home! There are a multitude of options available for you to choose from: it simply depends on what your priorities are.

For example, if you’re fine with a property that’s less luxurious and prioritise living in a house close to your children and grandchildren, a 2-room flexi resale HDB flat may be the way to go. 

Contact Us

Do share your opinions on this article with us by dropping us an email ! Contacting us through our Facebook and Instagram pages. What age group do you fall under? Do you think you will still want to buy a cheaper condominium after reading this article? 

If you’re still unsure of what property best suits your needs, no matter your age group. Do feel free whatsapp message or call KC at +65 8809 2889! At Home Quarters, we take all your priorities and circumstances into account before we advise you on how to sell your property, or what property we believe you should buy.

We’d be happy to provide you with various analyses, advice, and any sort of assistance you may require, whether you’re a buyer or a seller. Leave your contact details and any queries down below, and we’ll contact you ASAP.

That’s it for this article! Stay safe everybody, and remember, call Home Quarters and start packing!

Where should you stay for your final retirement home?

You have worked hard and you have looked forward to this day. Now that work is officially out of your life, you finally have time to enjoy your new retirement lifestyle. Singapore is an expensive city to live in, however, with the right financial planning, you can definitely enjoy your remaining years in comfort.

Our homes are a retirement asset! Especially if you rent out the extra rooms for cashflow, or if you downsize from a larger unit to a small unit, leaving the additional cash for retirement. Depending on your financial capabilities and your needs, there are a few options for your final retirement home.

For those who prefer a simple lifestyle with less area to care and clean for

Seniors with a bigger existing flat, condominium or landed property than what they actually need . Eg. their children have already moved out — can monetize their property by selling it for cash before purchasing a fully-paid smaller unit and keep the sale proceeds for retirement, coupled with CPF LIFE or other annualties to sustain their expenses.

Where should you stay for your final retirement home?_Home Quarters SG_KC Ng Keng Chong

SHB Example Source: HDB

Through the Housing Development Board (HDB)’s Silver Housing Bonus (SHB), homeowners aged 55 years old and above who are selling their current HDB flat or private home with annual value not exceeding $13,000 and are buying a 3-room or smaller flat can receive a cash bonus of up to $30,000.

To be eligible, there are a few conditions including the top-up of $60,000 of the sale proceeds into the CPF Retirement Account. This scheme is a good alternative for seniors who prefer to right-size to a smaller apartment that requires less maintenance.

A possible option following the sale of their old flat would be the purchasing of a short-lease 2-room Flexi HDB flat meant for elderly Singaporeans. Under the 2-room Flexi scheme, retirees may apply for a shorter lease period of 15 to 45 years. Note that the chosen lease must be able to last you, your spouse, and all buyers until at least age 95 — to better serve their needs and preferences.

You could even request for the Senior Priority Scheme (SPS) to be prioritized for a Flexi HDB flat by choosing a unit near to your previous flat or your married children’ flats.

The social benefit of living in elderly-friendly studio apartments is abundant. 2-room Flexi units usually offer elderly-friendly features such as grab bars, retraceable clothes-drying racks and lower kitchen counter-tops for wheelchair users.

Elderly residents of these studio apartments have no lack of interaction. As they live in close proximity with fellow retirees of similar ages. The neighborhoods also provide facilities to drive social cohesion such as community farms and community plazas.

For those who prefer more interaction

Where should you stay for your final retirement home?_Home Quarters SG_KC Ng Keng Chong

Lease Buyback Scheme Source:HDB

The Lease Buyback Scheme (LBS) allow children to buy-over their current house from their parents so that they assume the property debt of their parents — there would then not be any changes to the lifestyle and living environment as everyone would continue to live in the same home.

Moreover, especially in matured estates, there are many grants that enable children to buy-over their parents’ houses. With this arrangement, parents would retire without paying the rest of the mortgage as it would be taken over by their children, and they would also receive the sale proceeds through a top-up to CPF Retirement Account and cash when their children purchase their homes.

Seniors who choose to stay in their current 4 or 5-room HDB flats with empty rooms after all their children have moved out may opt to rent out the unused space for some extra income. Renting is a great way to utilize the empty spaces while gaining interesting new flat-mates to interact with.

Retirees with less-than-sufficient savings in their bank accounts would not need to worry about daily expenses and allowances since renting provides them with a regular passive income. Furthermore, children would be reassured to know that there would be tenants living in the same apartment who could assist their elderly parents with any emergencies — much at ease than if the elderly parents were to live alone. A win-win solution! 

For some elderly Singaporeans, families are a key source of emotional and financial support, and seniors also play an important role as caregivers for their young grandchildren. While the proportion of three-generation resident households in Singapore has decreased over the years, it remains a viable option as a potential retirement living arrangement.

There is definitely no lack of activities — or some might even say chores — when one chooses to live with their grown-up children and their nuclear families.

For those who prefer something more luxurious

Where should you stay for your final retirement home?_Home Quarters SG_KC Ng Keng Chong

Seniors who enjoy privacy and space would prefer to stay in a landed property. In a landed property, seniors would have the freedom to make any modifications as they want — including rearing koi fishes in a pond in the backyard or a homegrown vegetable garden!

A landed property with at least a 999-years-leasehold would also serve as a legacy to be passed down through generations. Given the large space in the landed property, elderly Singaporeans would have no shortage of family gatherings to be hosted in their homes.

For seniors who like to keep active, a small studio apartment or a 2-bedroom unit in a condominium would make an attractive retirement home. One example is the 60-years-leasehold The Hillford which was designed as a retirement resort. They offer a full range of facilities and services to cater to the elderly residents such as 24-hour concierge, domestic help and medical care.

Apart from the security of these residences, condominiums provide facilities such as swimming pools, tennis courts and gyms, which encourage retirees to maintain a regular healthy lifestyle. Elderly residents of condominiums could also easily invite friends and family members for gatherings in the karaoke rooms, function rooms or barbeque pits provided in the complex.

All in all, there are different types of housing arrangement to suit different retirement needs and preferences. It is most important to know you like best before making a plan towards achieving it.

Contact Us

Do share your opinions on this article with us by dropping us an email! Commenting on our YouTube or contacting us through our Facebook and Instagram pages!

We’d be happy to provide you with various analyses, advice, and any sort of assistance you may require! Whether you’re a buyer or a seller. Whatsapp message or call KC at +65 8809 2889! Leave your contact details and any queries down below, and we’ll contact you ASAP.

That’s it for this article! Stay safe everybody, and remember, call Home Quarters and start packing!

Selling Like Hot Cakes Now: Avenue South Residence Condominium

Imagine staying in one of the tallest residential buildings in Singapore. That will be the Avenue South Residence, a 99-year leasehold condominium located along Silat Avenue.

Consisting of 1,074 units across two 56-storeys high residential towers and low-rise buildings, it has a total land area of 245,974.6 square feet with a range of unit types from 1-Bedroom to 4-Bedrooms.

Slated for completion by 2023, residents will get to soak up amazing views of Keppel Terminal and Sentosa from the balcony on the top floors.

Avenue South Residence Condominium Fact Sheet

Property Type: Condominium

Tenure: 99 years

Address: 11 Silat Avenue Singapore 160149

TOP: 2023

Gross Floor Area: 84,550.69 sqm / 910,096 sqft

Blocks: 7

Units: 1,074

Floors: 56

Developer: UOL Group Ltd., Kheng Leong Co and UIC Ltd

The companies behind this brilliant creation 

Avenue South Residence is jointly developed by UOL Group Ltd, Kheng Leong Co and UIC Ltd.

UOL is one of Singapore’s top-performing listed companies with a rich portfolio in properties and hotels, including The Tre Ver and Spottiswoode Residences. Their developments are well-planned and of good quality.

Thus, we can be confident of project completion and the excellent standards of the condominium amenities and facilities.

What can you expect from living here

Avenue South Residence is located on the fringe of the CBD, in the Bukit Merah region, currently 1.2 km away from Outram Park MRT station.

However, a minute away from the residency is a bus-stop where residents could get to Outram Park or Harbourfront MRT station in just 5 minutes.

Also, with the Cantonment MRT station (0.7 km away) and Keppel MRT station (0.8 km away) along the Circle Line set to commence in 2025, commuting time for residents would be reduced.

At just a 10-minute drive away from the CBD and Orchard Road, Avenue South Residence is a perfect choice for those working in the CBD. Those who prefer to live in close proximity to their places of employment.

Though, with most people working from home these days due to the COVID-19 situation, maybe this will not be a key push factor — but when you buy a property, you are making a long term investment, and we are all hoping that life would go back to normal in the future!

Singapore General Hospital Source: SGH

With the Singapore General Hospital and the Tanjong Pagar Neighbourhood Police Station situated close to the condominium, residents do not have to worry about security and access to medical help.

Within walking distance from Avenue South Residence are various food and grocery options such as the Blk 148 Coffeeshop, a 24-hour grocery store and Silat Avenue FairPrice supermarket, so residents definitely can settle into life quickly.

The location of Avenue South Residence also offers much convenience for families with children of all ages. There are a number of PCF preschools within a 5-minute drive as well as primary and secondary schools such as CHIJ St. Theresa, CHIJ Kellock and Radin Mas Primary School at just a 10-minute drive away.

For future tertiary students, Singapore Polytechnic, National University of Singapore (NUS) and Management Development Institute of Singapore (MDIS) are relatively nearby.

Maintaining an active life with Avenue South

Apart from the usual facilities and amenities in condominiums such as function rooms, study rooms and tennis courts, Avenue South Residence would have a childcare centre and 8 commercial shops – making your life easy and convenient without even leaving your home complex.

Some interesting facilities are the rock climbing walls and mini golf area. For the avid swimmer, there is a 50 m lap pool, as well as a beautiful infinity pool on the top deck.

The biggest spotlight is also on the upcoming Great Southern Waterfront. The Urban Redevelopment Authority (URA) have plans to develop the area.

As a new major gateway for urban living along Singapore’s southern coast, this will include the Sentosa, Marina Bay and Labrador Park area.

Residents of Avenue South Residence can look forward to increased access to different parks and nature trails along the waterfront.

What do we think

Avenue South Residence has good investment prospects given its location and nearby amenities. Residents who enjoy nature and an active lifestyle would definitely have no lack of weekend activities once the Great Southern Waterfront is fully developed.

Its connectivity to multiple MRT stations and CBD makes it one of the more convenient residential developments in the recent years.

Contact Us

Do visit our others social media platform, YouTube, Facebook and Instagram pages for more! If you have any question, do sending us an email, or contact us right now!

That’s it for this article! Stay safe everybody, and remember, call Home Quarters and start packing!

Watch out for the up-and-coming Penrose Condominium!

Located right smack in the green oasis heartlands of Aljunied, Penrose Condominium is definitely one of the most-anticipated developments in 2020 to look out for. Located at the CBD city fringe, this 99-year leasehold condominium is slated for completion by 2025, with a total of about 17 blocks consisting of 560 premium residential units. There are many reasons why Penrose Condominium is highly sought after, which we will detail below for you. 

This 99-year leasehold condominium is slated for completion by 2025.

Penrose Condominium Fact Sheet

Property Type: Condominium

Tenure: 99 years

Address: 30 Sims Drive Singapore 387386

Built: 2025

Gross Floor Area: 16,225.2 sqm / 174,646.6 sqft

Blocks: 6

Units: 566

Floors: 17 or 18

Developer: Hong Leong Group & City Developments Limited

Anticipate the impeccable quality the developers can bring to Penrose Condominium

Come home to a fantastical forest-themed Penrose Condominium

What caught our attention was its forest themed inspired architecture and decor that will revitalize your soul and body whenever you come home to Penrose.

As a joint venture development by Hong Leong Group and City Developments Limited, excitement for this luxury project is definitely reasonable given their stellar past track record.

Both developers have a long-established reputation in the real estate industry. Hong Leong Group has started out since the 1960s and has since become the market leader, launching projects including The St. Regis Hotel and Residences, W Singapore Sentosa Cove and Residences, Quayside Isle and One Shenton.

Hong Leong Group has also bought a majority stake in City Developments Limited, which has since become a listed international property and hotel conglomerate. With that, you can already imagine the impeccable quality that the developers will be bringing to Penrose.

Seamless flow of the 50-meter lap pool and these green spaces will allow you to be immersed in the tranquility of nature.

Penrose Condominium’s Floor Plan

Looking at the floor plan of Penrose, the apartment blocks include a mix of 1-to-4 bedroom, penthouse and even dual-key units.

In a previous video, we had an in-depth analysis of the top dual-key condominium developments in Singapore, but during then, information of Penrose was not released yet.

The 2-bedroom units have a popular “dumbbell-shaped” layout with the rooms at each side of the living area. 


The forest-inspired estate includes 3 different luxurious woodland pavilions, of which includes a keen attention to detail and vast nature is realized from the moment of entry.

Seamless flow of the 50-meter lap pool and these green spaces will allow you to be immersed in the tranquility of nature.

Residents can also enjoy hosting dinner parties and alfresco dining amidst the greenery, with BBQ pits available as a bonding activity for families and friends.

Penrose also has a generally much larger unit size as compared to the neighbouring Sims Urban Oasis because they are being hit by the new URA policy that restricts developers from building small shoebox units right outside of the city centre.

Location is top-notch at Penrose

Aljunied MRT is the closest MRT and is located just a 5 minutes walk away from the doorstep of Penrose. On top of that, with its proximity to key expressways PIE, KJE and public transportation networks, it’s very convenient for those who drive.

Aljunied is also fairly close to the CBD, only a 10 minutes drive away from City Hall. Home owners can be rest assured that location is prime, here at Penrose. 

For your shopping and daily groceries needs, a vibrant neighborhood awaits around!

Watch out for the up-and-coming Penrose Condominium!_Home Quarters SG_KC Ng Keng Chong

Kinex Shopping Mall Source: The Smart Local

Nearby, residents can browse the Kinex Shopping Mall (previously One KM), Paya Lebar Square (where you can find Giant Hypermart), and Paya Lebar Quarter. Indulge in the many of Singaporeans’ favourite hawker options in Sims Vista Market and Old Airport Road Hawker Centre.

The location that Penrose sits at, also offers much convenience for families with school-going children of all ages. This includes many schools in the vicinity, including:

Geylang Methodist Primary School

  • Geylang Methodist Primary School
  • Geylang Methodist Secondary School
  • Macpherson Primary School
  • Canossa Convent Primary School
  • Kong Hwa School
  • Bendemeer Primary School
  • Cedar Primary School
  • Nexus International School
  • James Cook University

There is an integrated childcare centre in the development right at the first floor! You will also enjoy sheltered walkways from a bus stop, 1-1 parking lot allocation and a grand entrance drop off.
We will expect that Penrose condominium will  be popular among investors for its recession resilience qualities. Nearby, Parc Esta at Eunos MRT & Park Place Residences at PLQ at Paya Lebar MRT have been super popular since their launch.

The prices for Park Place Residences at PLQ integrated developments are even hitting $2,281 per square foot for a studio unit!

A hot favourite among property investors

Penrose Condominium is very popular among investors for its recession resilience qualities. Other than being backed by reputable developers, the surrounding neighbourhoods have very promising future growth in URA’s Master Plan.

As we all know, location is king when it comes to property, and with the Aljunied region so close to the central business district (CBD) the demand for both residents and tenants will be aplenty and moreover, the Singapore CBD is not going to shift anywhere else so soon.

Kallang Riverside Park will even include beachside lagoons and recreational water sports fun such as boating or canoeing.

Another transformation is happening at the other end of Aljunied, with Kallang Riverside poised to become a waterfront lifestyle destination.

This 64-hectare entertainment precinct will be presenting thousands of new homes, hotel rooms and around 400,000 sqm of office, retail and entertainment facilities.

Kallang Riverside Park will even include beachside lagoons and recreational water sports fun such as boating or canoeing.

Watch out for the up-and-coming Penrose Condominium!_Home Quarters SG_KC Ng Keng Chong

In the region, you get a lot of amazing food options in the Geylang neighbourhood including the tasty frog porridge, Wen Dou Sek Dim sum, Tan Ser Seng Herbs Soup Restaurant, and more. 


We will certainly be keeping an eye on the development of Penrose Condominium and also its demand! If you are interested in knowing more about this condominium, reach out to KC from Home Quarters.

At Home Quarters, we have helped many clients turned friends to find their dream home by guiding them through the journey of finding their ideal unit.

Contact us

You may have many concerns – it is perfectly normal – just contact Home Quarters by going over to www.homequarters.com.sg or send us an email at homequarterssg@gmail.com or visit our social media on YouTube, Facebook and Instagram.

You may be looking at resale condominiums instead of brand new condominiums, for that, read our previous article that compares between new launch or resale condominium flats. Let us know what you need, and we can start right away to address your needs.

That’s it for this article! Stay safe everybody, and remember, call Home Quarters and start packing!

5 Reasons People Love Parc Clematis Condominium!

When you think about the “Clementi” district, there is no doubt it is one of the most popular locations in Singapore. When word had it that Parc Clematis is about to launch, demand was buzzing non-stop! It is not hard to see why.

Parc Clematis is a hot favourite among buyers in 2020. It is not hard to see why.

Parc Clematis, a picture of sophistication and modern luxe living

Developed by SingHaiyi, Parc Clematis (formerly Park West condominium) is situated right at the heart of a private residential estate of Jalan Lempeng, just a stone’s throw away from Clementi MRT station.

With a lack of private condominium property located close to Clementi MRT station, when Parc Clematis was launched, many people who are staying in the West area and intended to upgrade would consider Parc Clematis as their top choice. 

Parc Clematis Fact Sheet

Property Type: Condominium
Tenure: 99 years
Address: 2 Jalan Lempeng, Singapore 128793
Built: 2023
Gross Floor Area: 11,484.8 sqm, 123,622.0 sqft
Blocks: 28
Units: 1,467
Floors: 24
Carpark Lots: 1,477
Developer: Sing Haiyi

Here are 5 reasons why Parc Clematis is so popular with buyers that got them buying even during this COVID-19 season.

1. Exceptional planning of compound units in Parc Clematis

Parc Clematis is separated into 4 different classes of units that cater to a wider range of buyers each fulfilling a different lifestyle preference. This thoughtful planning would mean that unlike a cookie-cutter residential compound, Parc Clematis has more customization within each unit that would better fit your lifestyle. There is a range of price differentiation across these classes.

Parc Clematis - Overall Facilities Plan and Overview.

Parc Clematis – Overall Facilities Plan and Overview

Parc Clematis - Overall Facilities Plan and Overview (Legend)

Parc Clematis – Overall Facilities Plan and Overview (Legend)


Parc Clematis Signature units

Parc Clematis Signature units

Exuding a premium resort aura, the Signature unit is equipped with smart home living facilities, including an IOT gateway, smart plugs, air-conditioning control, and digital lockset at your door. Perfect for the professional that needs a comfortable and intelligent living space to suit any busy lifestyle.


Parc Clematis Contemporary units

Parc Clematis Contemporary units

This avant-garde resort blocks would be the dream of trendy and fun owners, providing a fantastic array of lifestyle facilities. Life stays in style here, with a cool monochromatic grey outlook that emanates a timeless architectural look.


Parc Clematis Elegance units

Parc Clematis Elegance units

With a classy earth-toned touch of Asian sophistication in the architectural design, Elegance units are closer to the leisure kids’ pool, dining pavilion and other recreational facilities, suitable for both the young and young at heart. 


Parc Clematis is a hot favourite among buyers in 2020. It is not hard to see why.

Parc Clematis Masterpiece units

Exclusivity is the name of the game for luxury lovers looking at a Masterpiece bungalow or terrace unit, away from the hustle and bustle of the rest of the compound. Owners of a Masterpiece unit enjoy private lush landscaped gardens, providing a resort style ambience.

Classy living and dining area that will impress any guest that walk through those doors.

Classy living and dining area that will impress any guest that walk through those doors.

Parc Clematis also has the popular dual key unit options across 2-bedroom and 3-bedrooms units. Dual key condo units consist of two apartments alongside one another, and are legally considered as  one property.

The Master Bedroom exuding luxury hotel vibes.

The Master Bedroom exuding luxury hotel vibes.

Buying a dual key unit would allow the buyers to bypass the ABSD while buying “two property sub-units”. Naturally as such, one of the top choices that Singaporeans look at is a dual key unit.

Smart fittings throughout the units that would make you feel like you transported into the future.

Smart fittings throughout the units that would make you feel like you transported into the future.

2. Unrivalled convenience of residing in Clementi

Parc Clematis is a hot favourite among buyers in 2020. It is not hard to see why.

Clementi Mall provides nearly every daily necessity you may ever need.

A huge plus of Parc Clematis is its proximity to Clementi MRT station and Clementi Central’s malls and retail outlets, including: Clementi Mall, CityVibe, Courts superstore, and Clementi 321 mall. From Parc Clematis, it is only 4-minutes by car to these malls, where you can buy groceries at NTUC Fairprice, watch a movie, manage your banking needs and more. There is also a huge offering of neighbourhood hawker centres, coffee shops and markets with many locals’ favourite stalls that make for a vibrant area.

Parc Clematis is a hot favourite among buyers in 2020. It is not hard to see why.

Clementi is at a sweet spot on the Singapore SMRT Transport map.

Just one MRT stop away, you will find yourself at Jurong East with other malls – Westgate, JEM, JCube and IMM where all major retail brands available in Singapore can be found.

3. Parc Clematis is also perfect for families with young children

Nan Hua Primary School is located on the same street as Parc Clematis, 4 minutes away on foot.

Nan Hua Primary School is located on the same street as Parc Clematis, 4 minutes away on foot.

The Clementi area is one of the prime locations to be in for families with school-going children across all ages. Parc Clematis is located near prestigious educational institutes across a range of primary, secondary to tertiary education. Families can choose this location for their children’s entire education journey. Here is the list of schools nearby within 2km radius of Parc Clematis:

Kindergarten: PAP Community Foundation (PCF) Bukit Timah 319 Kindergarten

Primary Schools: Nan Hua Primary School, Clementi Primary School, Qifa Primary School, Peitong Primary School

Secondary Schools: Clementi Town Secondary School, Tanglin Secondary School

JC/ Tertiary: Anglo-Chinese Junior College, National University of Singapore, Singapore Polytechnic, Ngee Ann Polytechnic

4. Attractive to tenants, great for investors

Classy luxury living that would be perfect for any discerning buyer.

Classy luxury living that would be perfect for any discerning buyer.

Parc Clematis’ location appeals especially to a vast population of potential tenants that could afford luxury living. This includes expats working in the business park at the One-North area, professors working in the tertiary institutes nearby, and also expats working in the CBD who want to be living in a more residential area.

It would also attract parents who are looking for a home near the prestigious Nan Hua Primary School. As compared to the other condominium compounds nearby, Parc Clematis is relatively larger with more well-equipped and newer facilities, making it the preferred choice of tenants.

5. Top choice for home owners who need both practicality and luxury

Besides investors, Parc Clematis will appeal to owner-occupiers who appreciate convenience and practicality alongside the luxuries that the condo has to offer within! Across the sprawling estate of 633,644 square feet, the gorgeous beach-like pool takes centre-stage that is unlike any other condominium pool.

Besides that, with three 50-metre lap pools, hot tubs, two jacuzzi alcoves and a hydrotherapy pool, owners will be spoilt for choice on where to relax around the compound.

There are also many pet-friendly gorgeous dining and relaxing pavilions and BBQ pits to lounge at or to hang out with friends and furry mates.

For younger buyers that would like to stay nearer to their parents, this is also likely one of the last launches in this popular mature estate. The Jalan Lempeng luxury estate is also surrounded by two other condominiums, Regent Park and The Trilinq, and the Faber Hills landed enclave.

You may be looking at resale condominiums instead of brand new condominiums, for that, read our previous post that compares between new launch or resale condominium flats.

Contact Us

At Home Quarters, we have helped many friends to find their dream home by guiding them through the journey of finding their ideal unit. You may have many concerns – it is perfectly normal – just contact Home Quarters by going over to www.homequarters.com.sg or send us an email at homequarterssg@gmail.com or direct message us on Facebook or Instagram. Let us know and we can start right away to address your needs.

Do visit our others social media platform, YouTube, Facebook and Instagram pages for more!

That’s it for this article! Stay safe everybody, and remember, call Home Quarters and start packing!

Trying forever to BTO with your partner? Seal the deal with Resale Flats!

You have found someone to BTO with, but found it difficult to secure your dream home? You are definitely not alone. You may start to think about choosing a resale flat instead.

Common unspoken dilemmas: BTO applications sometimes take way too long.

In some situations, applying for BTO with your partner may not be the most efficient.

After all, in order to successfully BTO, the entire process takes time, a lot of research and one element that is out of your control: luck. BTO refers to the built-to-order flats which the government launches every few months for Singaporeans to purchase. There is also a list of eligibility criteria to fulfill in order to buy BTO flats. But it is often preferred because it is relatively cheaper, and buyers believe they make a good investment option.

Trying forever to BTO with your partner? Seal the deal with Resale Flats!_Home Quarters SG_KC Ng Keng Chong

However, BTO flats are often oversubscribed, especially the ones located in popular estates such as Kallang, Bidadari and Clementi. There are many cases in which couples make more than 3 BTO attempts and still are not able to obtain a BTO unit. On top of this difficulty, couples would also need to wait about 3-4 years before they can move in because the BTO flats need time to complete construction and renovation.

We have met many of our friends and clients who are in this unfavourable situation. Due to their personal timelines and reasons, they may not be able to wait or attempt for BTO flats repeatedly. Staying with their parents or in-laws could be an option, but not always. If that is the case, we would recommend that you start your first home with a resale flat. What are the pros and cons of getting a resale flat? Let’s break it down for you:

Choosing Your Preferred Location – something you would do even when you are choosing your BTO with your partner.

The number one advantage of getting a resale flat is to pick your preferred location. Getting a unit in a convenient location would help you cut down on hours on your daily commute to work or to town. It is also a timeless advantage when it comes to selling your unit in future.

After narrowing down the estates that you and your partner like, you can start looking for specific units for house-viewing. For couples who want to stay close to their parents, you do not have to wait for a BTO launch to occur in your neighbourhood. Furthermore, the government is no longer rolling out BTO launches in mature estates.

Buying a resale flat will give you greater control over which unit you would stay in eventually.

Check out the transportation network, the traffic noise in an existing thriving neighbourhood.

Greater Control Over Your Preferred Unit

Resale flats provide you an accurate sensing of what living in the unit would actually be like. You could visit the place and do a complete house viewing, know the neighbours, take note of traffic noise, transportation options, and surrounding facilities. There is also 100% certainty in the layout and space allocation for renovation and living space.

As compared, for BTO flats, you will neither know who your neighbours will be, nor will you know the final look of your flat. These are key considerations of living in a home which you will rely on your luck for. Facilities and traffic conditions may change over the course of the construction of the BTO flats as well, during which you would not be able to predict completely.

For resale flats, quick transactions can allow you to move in within 2 months but for BTO flats, you would have to wait for about 3 – 4 years. If you prefer to have control over your home purchase, resale flats would be a better choice for you.

Flat Features & Flat Size

Resale flats tend to be bigger than the newer BTO flats when we are doing a point-to-point comparison. 

For example, a 18-years old 5-room resale flat in Blk 596D Ang Mo Kio St 52 S(564596) of 110sqf, as compared to a 41-years old 5-room BTO flat in Blk 430 Ang Mo Kio Ave 3 S(560430) just a street away that is 119 sqf. Size is a necessary concern for couples who intend to raise children in a spacious environment. In addition, if they have parents, domestic helpers, or pets that may share the space with them, this would be an important point of consideration.

New residents of BTO flats may realize key differences between their family home and BTO flats. Namely, certain features such as balconies and in-house rubbish chutes are no longer made available. These are still present in some older resale flats, and if these are critical to you, resale flats could offer this benefit.

Costs and Grants

HDB Resale Grant Source: 99.co

There are many grants afforded to first-time buyers of BTO flats or resale flats.

CPF Housing Grants

Upon successful flat booking, CPF Housing Grants are fully credited into the applicant’s CPF Ordinary Account. This would offset the purchase price of the flat, thus, lowering the home loan amount required. The key grant that you can look at is the Enhanced CPF Housing Grant (EHG). These are the requirements:

Income Ceiling: Your average gross monthly household income for the 12 months before your flat application must not exceed $9,000.

Previous Housing Subsidies: You and all other co-applicants and essential occupiers are all first-timers

Employment: You and/ or your spouse/ fiancé(e) must: have worked continuously for 12 months prior, to the flat application, and would still be working at the time you submitted the flat application.

Remaining lease of flat: 20 years or more Flat must have sufficient lease to cover the youngest buyer and spouse/ fiancé(e) to the age of 95 to qualify for the full EHG. Otherwise, the EHG will be pro-rated.

Other property ownership: You and the other flat applicants must not own any of the following properties whether locally or overseas, or have disposed of any such properties in the 30 months before your new flat application: Private residential property (including privatised HUDC flats and ECs), House, Building, or Land

Grant amount: $5,000 – 80,000, depending on household income. (See here for more information)

For resale flats, there are two other grants available: Family Grant and Proximity Housing Grant.

Family Grant
Depending if you and your spouse are Singaporean citizens (or not), are buying a 2-room,

For 3-room, 4-room or 5-room apartment, you could receive between $30,000 – $50,000 of the Family Grant. (See here for more information)

Proximity Housing Grant
For those who are living with, or close to their parents or parents-in-law (within 4km), you could receive between $10,000 – $30,000 of Proximity Housing Grant. (See here for more information)

Whether you choose to BTO or to buy a resale unit depends on your lifestyle preferences and circumstances.

Future Property Plans

Just like buyers of BTO flats, buyers of resale flat have to fulfill a minimum occupancy period (MOP) requirement of 5 years. If you do intend to buy a BTO flat in future, in order to be considered a “first-time buyer”, do take note of the requirements as follow:

  • Not the owner of a flat bought from HDB, or an EC/ DBSS flat bought from a developer
  • Not sold a flat bought from HDB, or an EC/ DBSS flat bought from a developer
  • Not received any CPF Housing Grant for the purchase of an HDB resale flat
  • Not taken any form of housing subsidy

As such, you may need to consider not to apply for the CPF Housing Grant when you buy your resale flat in order to increase your chances of applying for a BTO flat in future. 


We understand that there are a lot of concerns that you may have especially if you did not manage to get your BTO flat of your choice time and again. It may seem like the traditional route to apply for a BTO flat before you can start your family.

However, you may be surprised to know that many other Singaporeans willingly choose to buy resale flats because they want to choose a unit with great location and features, not because they are pressured to choose resale flats as a ‘worse alternative’! 

You may be looking at resale condominiums instead of resale HDB flats, for that, read our previous post that compares between new launch or resale condominium flats.

Contact Us

At Home Quarters, we have helped many friends to find their dream home by guiding them through the journey of finding their ideal unit. You may have many concerns – it is perfectly normal – just contact Home Quarters by going over to homequarters.com.sg or send us an email at homequarterssg@gmail.com or direct message us on Facebook or Instagram. Let us know and we can start right away to address your needs.

That’s it for this article! Stay safe everybody, and remember, call Home Quarters and start packing!

New Launch Versus Resale Condominiums: Are New Condos Better?

New Launch VS Resale Condominiums! When choosing between a new launch or an existing resale condominium, many Singaporeans face dilemmas trying to make an informed decision. Depending if you are a property investor or a homeowner, here are some things to think about! Halfway into 2020 in June, we are still unsure when will the global COVID-19 end. Understanding your motivations to sell is key.

New Launch VS Resale Condominiums: Price

Wallich Residence | Source: The Straits Times

Price is definitely one of the most important considerations for condominium buyers when choosing between a new condominium or one from the resale market. Generally, older condominiums are larger and offer a lower per square foot prices than new condominiums. However, with well-designed layouts and space-saving fittings, the space in new condominium units are usually more than adequate for comfortable living.

In addition, older condominiums would be cheaper as they get closer to the end of their lease term. If the condominium is on a 99-year leasehold, the lease term will reduce as time goes by. The reduced lease term will decrease the valuation of the unit. However, developers can launch the condominium at a discount to get buyers to buy during the initial phase of the condominium launch. 

Let’s take a look at a case-study…

CondominiumUnitSizesold datesold price
The Trilinq7th floor 3 bedrooms915 sqftMay 2019S$1.49 million
Parc Clementi7th floor 3 bedrooms915 sqftAugust 2019S$1.48 million

A discrepancy of $10,000 in Clementi Condominiums

We observe a price disparity in 2 Clementi condominium units located only adjacent to one another. A 7th floor 3 bedrooms 915 sqft unit at The Trilinq is sold at S$1.49 million in May 2019; a similar 7th floor unit 3 bedrooms 915 sqft unit at Parc Clementi is sold at S$1.48 million in August 2019 during its launch. That is a discrepancy of $10,000 for a new unit that has 7 years more on the lease than that of the resale unit!

New Launch WINS: Furnishing and Facilities

In a resale condominium unit, there will definitely be wear and tear to the furnishing, and you may need to renovate the property. Issues with wiring or plumbing would require major renovations which would therefore increase your expenditure on the resale unit.

Apart from the initial renovation, an older condominium may require a higher monthly maintenance cost, especially when the communal areas are old and in lower condition. In these situations, higher sinking funds will be charged for older facilities, roofing or a one-time charge for facility maintenance. The maintenance fee is usually short-term and goes to pay the salary of the maintenance staff and condominium management.

In contrast, everything is new in a new condominium. This includes a one year defect liability period, which acts like a one-year warranty, so there is no need for any initial maintenance expenses. If there is anything wrong with the unit in terms of structure, wiring, plumbing or appliances, the developer will be onsite to fix it. Also, since the communal facilities are also new, there would be lower monthly costs to maintain these facilities.

Overall, a new condominium would more likely provide more bang for your buck!

New Launch VS Resale Condominiums: Living conditions

It is easier to know what to expect with a resale condominium such as traffic noise, and the look-and-feel of the facilities. For new condominiums, buyers can deduce the living conditions based on the floor plan, site plan, show units and also show flats. By observing the roads and the neighbouring blocks, buyers would be able to tell if their preferred unit will be sheltered from traffic noise.

A new condominium has facilities that are brand new, such as swimming pools, swanky state-of-the-art gym equipment, and even creative play areas for children. Some new condominiums also have modern features that older condominiums do not have; for example, supermarkets, concierge services, and even smart home features pre-installed. This is a home that is already set-up to make your life easier!

In addition, owners can create their own community culture by being involved in the management committee in the new condominium. In an older condominium, new buyers would need to adapt to the existing culture.

Having newer facilities would enhance the rentability of the condominium unit. Tenants usually prefer newer developments with more newer and varied facilities. Given that smart homes are the new trend in lifestyle experience, new condominiums with smart-home features would be popular with young tech-savvy tenants. Appliances and fittings are also usually newer and not break down so often. As such, they do not need to replace at their own expense. They are also able to enjoy a new unit with similar pricing.

New Launch VS Resale Condominiums: Rentability

A resale condominium unit can be rented out immediately, but a new condominium may take at least two to three years before it could be rented out. However, when the new condominium is built, mortgage expenses will be lower and costs such as maintenance fee and property tax will not be payable, therefore matching the cash flow of the rented resale condominium. It would also be easier to predict the rental income of new units, just by looking at the current rental rate on the market. It usually will not differ too much from the market rental.

Another advantage of a resale condominium in terms of rental is that you will get a sense of the profile of tenants or owners in the compound. If you are planning to live in the unit, you can get a good gauge of your neighbours. If you are looking to rent, you will know what kind of tenant profile will most probably be interested to rent. Tenants of similar profile usually stay together in the same compound as a mini enclave.

For new condominiums, you would have the luxury of choice to pick desirable units. If you have preferences for a specific auspicious unit number or block number, you would still have the choice. In contrast, for resale condominiums, you could only pick from the available units which may not be desirable or fully suit you. If you are looking to rent out your unit, or to sell it after a few years, a new condominium unit may be a more worthy investment due to its higher expected returns.

New Launch WINS: First-mover advantage

Avenue South Residence | Source: ShowFlat.info

For new condominium buyers, they enjoy a first-mover advantage as they are more likely to be buying the condo at a floor price similar to what the other owners buy at launch. On the other hand, resale sellers will usually charge a premium to sell to the resale buyers. They sell with the aim of earning a margin, or at least breaking even. Otherwise, they may not be willing to transact from holding the unit and also for recouping some renovation cost.

Making your next big property decision?

There are many processes, tips and tricks to look out for when you make a property decision. Although we do not know when will the ripple effects of Covid-19 end, many of the considerations are timeless.

Contact Us

Do share your opinions on this article with us by dropping us an email or contacting us through our Facebook and Instagram pages; what age group do you fall under, and do you think you will still want to buy a cheaper condominium after reading this article? 

If you’re still unsure of what property best suits your needs, no matter your age group, do feel free to reach out to us! At Home Quarters, we take all your priorities and circumstances into account before we advise you on how to sell your property, or what property we believe you should buy.

We’d be happy to provide you with various analyses, advice, and any sort of assistance you may require, whether you’re a buyer or a seller. Leave your contact details and any queries down below, and we’ll contact you ASAP.

That’s it for this article! Stay safe everybody, and remember, call Home Quarters and start packing!