Finding your dream home is no easy task, especially when there are so many choices in the market, and the luxury of choices can sometimes cause headache to home hunters. Aside from the headache of hunting for a dream home, buyers have to battle the increasing home prices in Singapore at a faster rate since the market started recovering in 2017, which made it like a race against time. Fortunately, the hunt can come to an end when Fourth Avenue Residences condo is launch come 4th quarter of 2018.
This project is 99 year leasehold, and the developer is Allgreen Properties Ltd, considered to be one of the biggest property developers in Singapore with an impressive portfolio of developments including RV Residences, Cairnhill Residences, The Shaughnessy etc, which all garnered fantastic response and are fully sold.
Fourth Avenue Residences Singapore is exactly located in 2 Fourth Avenue and it was bought when the government launch it under Government Land Sale in Dec 2017. This piece of land is very rare, as it is so strategically located and huge in size, which is uncommon in this area.
There are already debates on Fourth Avenue Residences land lease being only 99 years, and it seem like a disadvantage, when most of the surrounding condominiums and landed houses are mainly freehold, but due to its close proximity to Sixth Ave MRT Station, which is right besides in less than a minute walk, it will more than compensate the fact that it is a leasehold property. Being close to MRT brings along significant convenience to residents in Fourth Avenue Residences, and it will definitely appeals to both investors and people who are looking to make this project their home. Buyers have mostly shift away from the “freehold mindset” as the society progresses and becomes more mobile. For investors, the important thing is for them to rent out their unit fast and at a reasonably higher price compared to apartments which are older and further away, and even though a freehold property of the same attributes is desirable, the purchase price will be higher than a leasehold property, and thus reduces the rental yield. For buyers who are looking for a dream home, being near to the MRT station is a convenience that benefits residents greatly, especially for people who commute to work or school via train. Above all, people become more mobile and knowledgeable in the current era and only tend to stay in a development for about 10 to 15 years before selling it, cash out and move to another development.
Singapore Fourth Avenue Residences presents a great opportunity for both buyers who are looking for their dream home and investors, as this project is so well located in the up-class estate of Bukit Timah and besides Sixth Avenue MRT Station. Residents here can get access to a great deal of amenities that includes Beauty World, Bukit Timah Shopping Centre, The Grandstand etc. Six Avenue MRT Station is well connected to Circle Line just 2 stops away, and it brings convenience to residents who are working in the burgeoning start-up and office clusters from One North Station all the way down to Harbour Front Station. Sixth Avenue MRT Station also bring forth huge convenience for residents working in Raffles Place CBD, Orchard Road and Paya Lebar, Tai Seng and Macpherson office clusters. The connectivity of Fourth Avenue Residences to other parts of Singapore is extremely comprehensive.
For more information, visit: https://www.fourth-avenueresidences.com/