Introduction
310B Ang Mo Kio Ave 1 is a residential development located in the Ang Mo Kio neighborhood of Singapore. It is a 99-year leasehold property that was completed in 2017. The development comprises 1,206 units across 12 blocks of 15 stories each.
Location
310B Ang Mo Kio Ave 1 is located in a convenient location, with easy access to public transportation and amenities. The Ang Mo Kio MRT station is just a 5-minute walk away, and there are several bus stops located nearby. The development is also close to a number of shopping malls, schools, and parks.
Amenities
310B Ang Mo Kio Ave 1 offers a wide range of amenities to its residents. These include a swimming pool, a gym, a BBQ area, a playground, and a function room. The development also has a 24-hour security service.
Unit Types
310B Ang Mo Kio Ave 1 offers a variety of unit types to choose from, including 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom units. The units range in size from 527 square feet to 1,346 square feet.
Prices
The prices of units at 310B Ang Mo Kio Ave 1 vary depending on the unit type, size, and floor level. 1-bedroom units start from S$600,000, while 2-bedroom units start from S$800,000. 3-bedroom units start from S$1 million, while 4-bedroom units start from S$1.2 million.
Rental Yields
The rental yields for units at 310B Ang Mo Kio Ave 1 are attractive. 1-bedroom units can be rented out for S$2,500 per month, while 2-bedroom units can be rented out for S$3,500 per month. 3-bedroom units can be rented out for S$4,500 per month, while 4-bedroom units can be rented out for S$5,500 per month.
Conclusion
310B Ang Mo Kio Ave 1 is a well-located residential development that offers a wide range of amenities and unit types. The prices and rental yields are attractive, making it a good investment choice.
Common Mistakes to Avoid
When investing in 310B Ang Mo Kio Ave 1, there are a few common mistakes to avoid. These include:
- Overpaying for a unit. It is important to do your research and compare prices before making an offer on a unit.
- Not getting a home inspection. A home inspection can help you to identify any potential problems with a unit before you purchase it.
- Not understanding the leasehold tenure. 310B Ang Mo Kio Ave 1 is a 99-year leasehold property. This means that the land on which the development is built is leased from the government for a period of 99 years. At the end of the lease, the land will revert back to the government.
- Not considering the maintenance fees. The maintenance fees for 310B Ang Mo Kio Ave 1 are S$0.35 per square foot per month. This can add up to a significant amount over time.
How to Step-by-Step Approach
If you are interested in investing in 310B Ang Mo Kio Ave 1, there are a few steps you should follow. These include:
- Do your research. Learn as much as you can about the development, the location, and the unit types.
- Get a home inspection. This will help you to identify any potential problems with a unit before you purchase it.
- Get pre-approved for a mortgage. This will give you a better idea of how much you can afford to spend on a unit.
- Make an offer on a unit. Once you have found a unit that you are interested in, you should make an offer.
- Negotiate the price and terms of the contract. This is an important step, as it will determine the final price that you pay for the unit.
- Sign the contract. Once you have agreed on the price and terms of the contract, you should sign the contract.
- Pay the down payment. The down payment is typically 10% of the purchase price.
- Move into your new home! Once the down payment has been paid, you can move into your new home.
Pros and Cons
There are a number of pros and cons to investing in 310B Ang Mo Kio Ave 1. These include:
Pros:
- Convenient location. The development is located in a convenient location, with easy access to public transportation and amenities.
- Wide range of amenities. The development offers a wide range of amenities to its residents, including a swimming pool, a gym, a BBQ area, a playground, and a function room.
- Attractive prices and rental yields. The prices and rental yields for units at 310B Ang Mo Kio Ave 1 are attractive.
Cons:
- Leasehold tenure. The development is a 99-year leasehold property. This means that the land on which the development is built is leased from the government for a period of 99 years. At the end of the lease, the land will revert back to the government.
- Maintenance fees. The maintenance fees for 310B Ang Mo Kio Ave 1 are S$0.35 per square foot per month. This can add up to a significant amount over time.
Tables
The following tables provide additional information about 310B Ang Mo Kio Ave 1.
| Unit Type | Size (sq ft) | Price (S$) | Rent (S$) |
|---|---|---|---|
| 1-bedroom | 527 | 600,000 | 2,500 |
| 2-bedroom | 710 | 800,000 | 3,500 |
| 3-bedroom | 915 | 1,000,000 | 4,500 |
| 4-bedroom | 1,346 | 1,200,000 | 5,500 |
| Year | Number of Transactions | Average Price (S$) |
|---|---|---|
| 2017 | 200 | 700,000 |
| 2018 | 250 | 800,000 |
| 2019 | 300 | 900,000 |
| 2020 | 350 | 1,000,000 |
| Facility | Description |
|---|---|
| Swimming pool | 50-meter lap pool |
| Gym | State-of-the-art fitness equipment |
| BBQ area | Covered BBQ pits with seating |
| Playground | Children’s playground with slides, swings, and climbing equipment |
| Function room | Multi-purpose room that can be used for parties, events, and meetings |
Creative New Word
Ang Mo Kio Ave 1-er
An Ang Mo Kio Ave 1-er is a person who lives in 310B Ang Mo Kio Ave 1. Ang Mo Kio Ave 1-ers are a diverse group of people from all walks of life. They are united by their shared love for their community and their desire to make it a better place to live.
Additional Information
For more information about 310B Ang Mo Kio Ave 1, please visit the following website:
