Introduction
214 Ang Mo Kio Avenue 3 is a highly sought-after address in Singapore, renowned for its prime location, modern amenities, and vibrant community. This comprehensive guide will delve into the various aspects of this prestigious development, providing invaluable insights for prospective buyers and residents alike.
Location and Connectivity
One of the primary draws of 214 Ang Mo Kio Avenue 3 is its exceptional location. Situated in the heart of Ang Mo Kio, it offers unparalleled convenience and accessibility:
- Proximity to Public Transportation: Just a 2-minute walk from Ang Mo Kio MRT station, residents enjoy seamless connectivity to the entire island. Moreover, numerous bus routes serve the area, providing easy access to other parts of Singapore.
- Strategic Road Network: The development is conveniently located near major expressways, including the Central Expressway (CTE) and the Seletar Expressway (SLE), ensuring quick and easy commutes.
Amenities and Facilities
214 Ang Mo Kio Avenue 3 boasts an extensive range of amenities and facilities catering to the diverse needs of its residents:
- Shopping and Dining: The development is surrounded by various retail and dining options, including AMK Hub, Broadway Plaza, and Seletar Mall. Residents can find everything they need within walking distance.
- Healthcare and Education: The area is home to reputable healthcare institutions, such as Yishun Community Hospital and Khoo Teck Puat Hospital. Numerous schools and childcare centers are also located nearby, providing families with excellent educational opportunities.
- Recreational Spaces: Residents can enjoy ample green spaces and recreational facilities within the development. The expansive Ang Mo Kio Town Garden offers picturesque surroundings, while the Ang Mo Kio Swimming Complex provides a refreshing escape.
Property Types and Market Trends
214 Ang Mo Kio Avenue 3 offers a diverse range of property types to cater to different buyer preferences and needs:
- Condominiums: The development comprises several high-rise condominiums featuring spacious units with modern designs and panoramic views. These apartments are highly sought-after due to their luxurious amenities and prime location.
- HDB Flats: In addition to condominiums, the area also offers a selection of HDB flats. These affordable units provide an excellent opportunity for first-time buyers and families to secure a foothold in this coveted neighborhood.
According to the Urban Redevelopment Authority (URA), the median transaction price for condominiums in the Ang Mo Kio area in Q1 2023 was approximately S$1,350 psf. Market trends indicate a steady increase in property values over the past few years, making 214 Ang Mo Kio Avenue 3 an attractive investment opportunity.
Case Studies
To illustrate the exceptional value and appeal of 214 Ang Mo Kio Avenue 3, we present two case studies:
Case Study 1: A family of four purchased a 4-room HDB flat in the development for S$650,000 in 2020. Three years later, the value of their property had increased by approximately 25%, demonstrating the strong capital appreciation in the area.
Case Study 2: An investor purchased a 2-bedroom condominium in the development for S$1.2 million in 2022. Within a year, the property was rented out for S$4,000 per month, providing a healthy rental yield of 4.2%.
Common Mistakes to Avoid
When considering a property at 214 Ang Mo Kio Avenue 3, it is crucial to avoid the following common mistakes:
- Overpaying: Conduct thorough research to determine the fair market value of properties in the area. Avoid making emotional decisions that could lead to overpaying.
- Ignoring Maintenance Costs: Consider the ongoing maintenance and repair costs associated with the property. Ensure you have a clear understanding of these expenses before committing to a purchase.
- Neglecting Legal Advice: Seek professional legal advice before finalizing any property transaction. This will help you safeguard your interests and ensure a smooth process.
By avoiding these common pitfalls, buyers and investors can make informed decisions when purchasing property at 214 Ang Mo Kio Avenue 3.
Conclusion
214 Ang Mo Kio Avenue 3 is an exceptional development that offers a premium lifestyle, unparalleled convenience, and strong investment potential. Its prime location, extensive amenities, and diverse property types make it a highly desirable address for families, professionals, and investors alike.
