1. Introduction
316A Ang Mo Kio Street 31 is a bustling address situated in the heart of Ang Mo Kio Town, one of Singapore’s vibrant residential suburbs. The property encompasses a diverse mix of commercial and residential units, offering a plethora of amenities and conveniences for both residents and visitors alike. This article delves into a comprehensive analysis of 316A Ang Mo Kio Street 31, exploring its amenities, accessibility, growth potential, and future prospects.
2. Amenities and Facilities
316A Ang Mo Kio Street 31 is a self-contained hub that caters to the needs of its occupants and surrounding community. The commercial units on the ground floor house a wide array of businesses, including:
- Supermarkets: FairPrice Finest (24-hour)
- Convenience stores: 7-Eleven, Cheers
- Food and beverage outlets: McDonald’s, KFC, Subway, Pizza Hut
- Other retail shops: Watsons, Guardian, Daiso
The residential units, located on the upper floors, offer a comfortable and convenient living experience. Each unit is equipped with modern appliances and fittings, and residents have access to a communal swimming pool and fitness center within the development.
3. Accessibility
316A Ang Mo Kio Street 31 enjoys excellent accessibility, both by public transportation and private vehicles.
Public Transportation:
- MRT: Ang Mo Kio MRT Station (North-South Line) is a mere 5-minute walk away.
- Buses: Numerous bus services ply Ang Mo Kio Avenue 1, providing direct connections to various parts of Singapore.
Private Vehicles:
- Expressways: The Central Expressway (CTE) and Kallang-Paya Lebar Expressway (KPE) are easily accessible, enabling convenient access to major business and commercial districts.
- Parking: Ample parking spaces are available within the development, ensuring ease of access for both residents and visitors.
4. Growth Potential and Future Prospects
The Ang Mo Kio area has been earmarked for significant urban renewal under the URA Master Plan 2019. The development of new residential and commercial projects in the vicinity is expected to drive up property prices and rental yields in the area.
Furthermore, the introduction of the Jurong Region Line (JRL), scheduled for completion by 2025, will further enhance the connectivity of Ang Mo Kio and increase its appeal to both homeowners and investors.
5. Customer Wants and Needs
When analyzing the wants and needs of customers, it is crucial to consider the following:
Homeowners:
- Convenient location and accessibility
- Comfortable and well-maintained living environment
- Proximity to amenities and public transportation
- Growth potential and strong resale value
Tenants:
- Affordable rent
- Flexible lease terms
- Proximity to workplaces and amenities
- Well-maintained property with good amenities
Businesses:
- High foot traffic and visibility
- Favorable lease rates
- Proximity to target customer base
- Ample parking and loading facilities
6. Benefits and Value Proposition
316A Ang Mo Kio Street 31 offers a compelling value proposition for both residents and businesses:
Residents:
- Enjoy the convenience of living amidst a vibrant community with a wide range of amenities.
- Benefit from the growth potential and strong resale value of the property.
- Relish the ease of accessibility to public transportation and major expressways.
Businesses:
- Capitalize on the high foot traffic and visibility to attract customers.
- Secure favorable lease rates and flexible lease terms.
- Leverage the strategic location to reach a wide target customer base.
7. Comparison of Pros and Cons
While 316A Ang Mo Kio Street 31 offers numerous benefits, it may also have some drawbacks:
Pros:
- Excellent location and accessibility
- Wide range of amenities and facilities
- Comfortable and well-equipped residential units
- High growth potential and strong resale value
- Affordable rent and favorable lease terms for businesses
Cons:
- Traffic congestion during peak hours
- Limited parking spaces for visitors
- Potential noise pollution from the surrounding businesses
8. Conclusion
316A Ang Mo Kio Street 31 is an attractive property that offers a winning combination of convenience, accessibility, and growth potential. Residents and businesses alike can benefit from its diverse amenities, excellent connectivity, and strategic location. With the projected urban renewal efforts in the vicinity, the property is poised to continue appreciating in value, making it a wise investment for both homeowners and investors alike.
Tables
Table 1: Rental Rates for Residential Units
| Unit Type | Monthly Rent |
|---|---|
| 2-room Flexi | S$1,200 – S$1,500 |
| 3-room | S$1,800 – S$2,200 |
| 4-room | S$2,500 – S$3,000 |
Table 2: Transportation Statistics
| Transportation Mode | Number of Commuters |
|---|---|
| MRT | 120,000 (Ang Mo Kio Station) |
| Bus | 350,000 (Ang Mo Kio Bus Interchange) |
Table 3: Amenities and Facilities
| Category | Amenities |
|---|---|
| Shopping | FairPrice Finest, 7-Eleven, Cheers, Watsons, Guardian |
| Food and Beverage | McDonald’s, KFC, Subway, Pizza Hut |
| Other | Swimming pool, fitness center, communal lounge |
Table 4: Growth Projections
| Year | Property Price Index |
|---|---|
| 2023 | 1.2% |
| 2024 | 1.5% |
| 2025 | 2.0% |
