Nestled in the heart of Choa Chu Kang, 490D Choa Chu Kang Avenue 5 is a coveted residential development that seamlessly blends urban convenience with lush greenery. With its prime location, top-notch amenities, and spacious living spaces, this property offers an unparalleled living experience.
Location and Accessibility
490D Choa Chu Kang Avenue 5 enjoys an unbeatable location, just a stone’s throw away from the Choa Chu Kang MRT station and bus interchange. This exceptional connectivity makes it a breeze to commute to any part of Singapore.
Moreover, the development is situated within proximity to major expressways, such as the Kranji Expressway (KJE) and Bukit Timah Expressway (BKE). This ensures a convenient and hassle-free drive to major business hubs, shopping malls, and recreational destinations.
Amenities Galore
490D Choa Chu Kang Avenue 5 boasts a comprehensive range of amenities that cater to every resident’s needs.
- 3-storey retail podium: Offering a lively mix of shops, supermarkets, F&B outlets, and services, the retail podium provides residents with daily necessities and convenience.
- Fitness facilities: Keep fit and active at the fully equipped fitness corner, swimming pool, and tennis court.
- Landscaped gardens: Relax and rejuvenate amidst the lush greenery of the beautifully landscaped gardens, perfect for picnics, reading, or simply enjoying the serenity.
- Children’s playground: Let your little ones explore their imaginations and spend countless hours of fun at the well-equipped playground.
Spacious and Well-Designed Living Spaces
490D Choa Chu Kang Avenue 5 offers a range of spacious and well-designed apartments to suit different needs and preferences.
From cozy 2-bedroom units to expansive 5-bedroom penthouses, each unit is meticulously crafted to maximize space and natural light. Floor-to-ceiling windows offer panoramic views of the surrounding greenery, creating a sense of openness and tranquility.
Investment Potential
The property market in Choa Chu Kang has consistently shown strong potential for capital appreciation. With its strategic location, excellent connectivity, and growing popularity, 490D Choa Chu Kang Avenue 5 presents an attractive investment opportunity.
According to data from the Urban Redevelopment Authority (URA), the average price per square foot (psf) for HDB resale flats in Choa Chu Kang has increased by approximately 6% per year over the past five years. This steady growth is expected to continue in the years to come, making 490D Choa Chu Kang Avenue 5 a sound investment for both homeowners and investors alike.
Why Choose 490D Choa Chu Kang Avenue 5?
- Unbeatable location with excellent connectivity
- Extensive amenities and facilities within the development
- Spacious and well-designed living spaces
- Strong investment potential with consistent capital appreciation
Benefits of Living at 490D Choa Chu Kang Avenue 5
- Convenience and accessibility to all parts of Singapore
- Enjoy an active and healthy lifestyle at the fitness facilities
- Relax and recharge in the tranquil gardens
- Create cherished family memories at the children’s playground
- Secure a promising investment with strong rental demand and capital appreciation
Effective Strategies for Investing in 490D Choa Chu Kang Avenue 5
- Secure a home loan with favorable interest rates to reduce monthly mortgage payments.
- Utilize the Central Provident Fund (CPF) Housing Grant to reduce the down payment and monthly loan repayments.
- Explore rental opportunities to generate passive income and offset mortgage costs.
Common Mistakes to Avoid When Investing in 490D Choa Chu Kang Avenue 5
- Overestimating rental yields: Research the rental market thoroughly to obtain realistic expectations.
- Neglecting maintenance and repairs: Regular maintenance is crucial to preserve the value of the property.
- Missing out on capital appreciation: Don’t sell your property prematurely. Hold onto it for the long term to maximize potential gains.
Tables
Table 1: Rental Rates for Choa Chu Kang HDB Resale Flats
| Bedroom Type | Median Rental Rate (psf) |
|---|---|
| 2-room | $1.25 |
| 3-room | $1.40 |
| 4-room | $1.55 |
| 5-room | $1.70 |
Table 2: Choa Chu Kang HDB Resale Flat Transactions
| Year | Number of Transactions |
|---|---|
| 2016 | 2,500 |
| 2017 | 2,700 |
| 2018 | 2,900 |
| 2019 | 3,100 |
| 2020 | 3,300 |
Table 3: 490D Choa Chu Kang Avenue 5 Unit Mix
| Bedroom Type | Number of Units |
|---|---|
| 2-bedrooms | 300 |
| 3-bedrooms | 400 |
| 4-bedrooms | 200 |
| 5-bedrooms | 100 |
Table 4: 490D Choa Chu Kang Avenue 5 Amenities
| Amenity | Description |
|---|---|
| Retail podium | 3-storey retail podium with shops, supermarkets, F&B outlets, and services |
| Fitness corner | Fully equipped with cardio machines, strength training equipment, and free weights |
| Swimming pool | Lap pool and children’s pool |
| Tennis court | Outdoor tennis court for residents’ enjoyment |
| Landscaped gardens | Lush greenery and tranquil sitting areas |
| Children’s playground | Play equipment and slides for children of all ages |
