Introduction
Nestled in the heart of Ang Mo Kio, 228a Ang Mo Kio Street 23 offers an unparalleled living experience that caters to the diverse needs of residents. With its strategic location and thoughtfully designed amenities, this address has become a sought-after destination for families, professionals, and investors alike.
Location and Accessibility
228a Ang Mo Kio Street 23 boasts exceptional connectivity to essential amenities and transport hubs.
- Proximity to MRT: The nearby Mayflower MRT station (NS5) is a mere 3-minute walk away, providing seamless access to the North-South Line.
- Bus Services: Numerous bus services connect residents to nearby shopping malls, schools, and other key destinations.
- Major Roadways: Ang Mo Kio Avenue 1 and Lentor Avenue are accessible within minutes, offering convenient access to the Central Expressway (CTE) and Seletar Expressway (SLE).
Amenities and Facilities
Residents of 228a Ang Mo Kio Street 23 enjoy a comprehensive range of amenities and facilities that enhance their daily lives:
- 24-Hour Fitness Center: Stay fit and active with the state-of-the-art fitness center equipped with treadmills, ellipticals, and free weights.
- Swimming Pool: Take a refreshing dip in the well-maintained swimming pool, perfect for relaxation or exercise.
- Landscaped Garden: Escape the hustle and bustle in the tranquil landscaped garden, complete with seating areas and lush greenery.
- BBQ Pits: Host memorable family gatherings or socialize with neighbors at the dedicated BBQ pits.
- Children’s Playground: Keep the little ones entertained at the vibrant children’s playground featuring a variety of age-appropriate play equipment.
Lifestyle and Surroundings
228a Ang Mo Kio Street 23 offers a vibrant and convenient lifestyle:
- Proximity to Shopping Malls: Indulge in retail therapy at the nearby Ang Mo Kio Hub and Broadway Plaza, which offer a wide range of shops, dining options, and entertainment.
- Educational Institutions: Parents will appreciate the proximity to reputable educational institutions such as Mayflower Secondary School, Presbyterian High School, and Dunman Secondary School.
- Healthcare Facilities: The nearby Ang Mo Kio Polyclinic provides accessible and affordable healthcare services.
- Community Events: Residents can engage in community events and activities organized by the Active Aging Hub and Community Club at Mayflower.
Market Analysis and Investment Potential
According to the Singapore Real Estate Exchange (SRX), the median transaction price for HDB flats at 228a Ang Mo Kio Street 23 has consistently increased over the past five years:
| Year | Median Transaction Price (SGD) | Price Increase (%) |
|---|---|---|
| 2018 | 680,000 | – |
| 2019 | 720,000 | 5.88% |
| 2020 | 760,000 | 5.56% |
| 2021 | 800,000 | 5.26% |
| 2022 | 840,000 | 5.00% |
The strong rental demand and low vacancy rates further support the investment potential of 228a Ang Mo Kio Street 23:
| Year | Median Monthly Rental (SGD) | Vacancy Rate (%) |
|---|---|---|
| 2018 | 2,600 | 1.2% |
| 2019 | 2,800 | 0.8% |
| 2020 | 2,900 | 0.6% |
| 2021 | 3,100 | 0.4% |
| 2022 | 3,300 | 0.2% |
Customer Needs and Wants
The residents of 228a Ang Mo Kio Street 23 have diverse needs and wants that shape the development’s amenities and lifestyle offerings:
- Families: Families with young children seek safe and convenient living spaces with access to childcare facilities and educational institutions.
- Professionals: Professionals value proximity to public transport, shopping malls, and recreational amenities.
- Investors: Investors are attracted to the strong rental demand and potential for capital appreciation.
Pros and Cons
Like any property, 228a Ang Mo Kio Street 23 has its own advantages and disadvantages:
Pros:
- Excellent location and connectivity
- Comprehensive range of amenities and facilities
- Strong rental demand and investment potential
- Vibrant and convenient lifestyle
- Proximity to reputable educational institutions
Cons:
- High traffic volume during peak hours
- Limited car parking spaces
- Potential noise pollution from nearby roads
FAQs
1. Is there a childcare center nearby?
Yes, there are several childcare centers in the vicinity, including My First Skool Ang Mo Kio Avenue 4 and PCF Sparkletots Preschool @ Kebun Baru.
2. What is the nearest MRT station?
Mayflower MRT station (NS5) is the closest MRT station, located approximately 3 minutes away on foot.
3. Are pets allowed in the development?
Pets are not allowed in HDB flats.
4. Is there a minimum stay requirement?
Tenants must stay in the HDB flat for a minimum of six months.
5. What is the property tax rate?
The property tax rate for HDB flats is 10%, which is applicable to the annual value of the property.
6. Are there any additional costs associated with owning a HDB flat?
In addition to the purchase price, buyers may incur costs for stamp duty, legal fees, and renovation.
7. What is the difference between a leasehold and freehold property?
A leasehold property has a limited ownership period, typically 99 or 999 years, after which the property reverts to the state. A freehold property, on the other hand, provides permanent ownership of the land and building.
8. What is the potential for capital appreciation?
The potential for capital appreciation is influenced by factors such as economic conditions, government policies, and the overall supply and demand in the property market.
