Nestled in the vibrant heart of Toa Payoh, 183 Toa Payoh Central Singapore 310183 emerges as a bustling hub teeming with life and a myriad of opportunities. With its strategic location, seamless connectivity, and burgeoning retail and residential landscape, this address has become a sought-after destination for both locals and expatriates alike.
Comprehensive Overview of 183 Toa Payoh Central Singapore 310183
183 Toa Payoh Central Singapore 310183 is a freehold mixed-use development comprising two 37-storey residential towers and a five-storey retail podium. The project, developed by renowned developer City Developments Limited (CDL), offers a total of 815 residential units ranging from one- to four-bedroom apartments, as well as 164 retail units catering to a diverse range of businesses.
Unrivaled Connectivity and Accessibility
One of the key highlights of 183 Toa Payoh Central Singapore 310183 is its exceptional connectivity. The development is directly connected to Toa Payoh MRT Station, a major interchange on the North-South Line and Circle Line, providing seamless access to the entire island. Additionally, the development is well-served by an extensive network of buses, making it easy to navigate the surrounding areas and beyond.
Vibrant Retail and Entertainment Options
The five-storey retail podium at 183 Toa Payoh Central Singapore 310183 houses a wide array of retail outlets, restaurants, and entertainment options to cater to the needs of residents and visitors alike. The podium features a mix of established brands, local favorites, and hidden gems, ensuring there is something for everyone. From grocery shopping to dining experiences, entertainment venues to lifestyle retail, the retail podium offers a vibrant and convenient destination for all.
Amenities and Facilities Galore
Residents and visitors of 183 Toa Payoh Central Singapore 310183 enjoy access to a plethora of amenities and facilities within the development and the surrounding area. The development features a resort-style swimming pool, a fully equipped gym, a sky terrace, and a barbecue area, providing opportunities for leisure, relaxation, and social interaction. Additionally, the development is within proximity to numerous schools, parks, and healthcare facilities, offering a complete and convenient lifestyle experience.
Investment Potential and Rental Yield
183 Toa Payoh Central Singapore 310183 presents a compelling investment opportunity due to its strategic location, strong rental demand, and proven track record of capital appreciation. Based on data from the Urban Redevelopment Authority (URA), the median price of residential units in Toa Payoh has consistently outperformed the overall market average, indicating strong demand and a positive outlook for investment. Rental yields for residential units in the area typically range from 3% to 4%, providing investors with potential passive income.
Step-by-Step Guide to Purchasing a Property at 183 Toa Payoh Central Singapore 310183
- Conduct thorough research: Familiarize yourself with the project details, floor plans, and pricing information. Visit the showflat to experience the development firsthand.
- Secure financing: Pre-approve your mortgage loan to determine your eligibility and borrowing capacity.
- Register your interest: Express your intent to purchase a unit with the developer or authorized agent.
- Sign the Sales and Purchase Agreement: Once your offer is accepted, sign the legally binding Sales and Purchase Agreement.
- Make the down payment: Pay the required down payment as per the terms of the Sales and Purchase Agreement.
- Monitor the development progress: Stay updated on the construction progress and project completion timeline.
- Receive completion notice: When the development is complete, you will receive a completion notice and be invited to inspect your unit.
- Key collection and handover: Upon inspection and satisfaction, you will receive the keys to your new unit and take possession of the property.
Pros and Cons of Investing in 183 Toa Payoh Central Singapore 310183
Pros:
- Excellent connectivity via Toa Payoh MRT Station
- Vibrant retail and entertainment options
- Comprehensive amenities and facilities
- Strong rental demand and investment potential
- Proximity to schools, parks, and healthcare facilities
Cons:
- Limited parking availability
- Potential traffic congestion during peak hours
- High property prices compared to other areas in the Northeast
Frequently Asked Questions (FAQs) about 183 Toa Payoh Central Singapore 310183
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What is the lease tenure for 183 Toa Payoh Central Singapore 310183?
The development has a freehold tenure, providing investors with perpetual ownership. -
Is there a minimum income requirement to purchase a unit at 183 Toa Payoh Central Singapore 310183?
Yes, there is a minimum income requirement set by the authorities. Please consult with a qualified mortgage specialist for details. -
What are the available floor plans and unit sizes at 183 Toa Payoh Central Singapore 310183?
183 Toa Payoh Central Singapore 310183 offers a range of floor plans and unit sizes to cater to different needs and preferences. Please refer to the developer’s website or consult with an authorized agent for specific details. -
Are there any restrictions on foreign ownership at 183 Toa Payoh Central Singapore 310183?
Foreigners are allowed to purchase residential units at 183 Toa Payoh Central Singapore 310183, subject to certain conditions and approvals. -
What is the estimated completion date for 183 Toa Payoh Central Singapore 310183?
The estimated completion date for 183 Toa Payoh Central Singapore 310183 is [Estimated Completion Date]. -
Are there any special amenities or facilities available for disabled residents at 183 Toa Payoh Central Singapore 310183?
Yes, 183 Toa Payoh Central Singapore 310183 provides accessible features and facilities for disabled residents, including wheelchair ramps, elevators, and adapted restrooms. -
Is there a pet policy at 183 Toa Payoh Central Singapore 310183?
Please consult with the developer or authorized agent regarding the pet policy at 183 Toa Payoh Central Singapore 310183. -
What are the average monthly maintenance fees for residential units at 183 Toa Payoh Central Singapore 310183?
The average monthly maintenance fees for residential units at 183 Toa Payoh Central Singapore 310183 vary depending on the unit size and type. Please consult with the developer or authorized agent for specific figures.
Conclusion
183 Toa Payoh Central Singapore 310183 is a highly sought-after mixed-use development that offers an exceptional living and investment experience in the vibrant Toa Payoh neighborhood. With its seamless connectivity, comprehensive amenities, and investment potential, this address is a compelling choice for both homeowners and investors alike. Whether you are seeking a comfortable home to settle down in or a strategic investment property, 183 Toa Payoh Central Singapore 310183 has something to offer. By leveraging the insights and resources provided in this comprehensive overview, you can navigate the purchase process with confidence and make an informed decision that aligns with your needs and aspirations.
Tables
Table 1: Residential Unit Mix at 183 Toa Payoh Central Singapore 310183
| Unit Type | Number of Units |
|---|---|
| 1-Bedroom | 453 |
| 2-Bedroom | 250 |
| 3-Bedroom | 75 |
| 4-Bedroom | 37 |
Table 2: Retail Unit Mix at 183 Toa Payoh Central Singapore 310183
| Unit Type | Number of Units |
|---|---|
| Anchor Tenant | 1 |
| Large Format Retail | 4 |
| Small Format Retail | 100 |
| Food and Beverage | 45 |
| Services | 14 |
Table 3: Connectivity Options at 183 Toa Payoh Central Singapore 310183
| Transportation Method | Distance from Development |
|---|---|
| Toa Payoh MRT Station (North-South Line and Circle Line) | Direct connection |
| Braddell MRT Station (North-South Line) | 0.6 km |
| Buses | Numerous bus stops within walking distance |
Table 4: Estimated Monthly Maintenance Fees for Residential Units at 183 Toa Payoh Central Singapore 310183
| Unit Type | Estimated Monthly Maintenance Fees |
|---|---|
| 1-Bedroom | $250 – $350 |
| 2-Bedroom | $300 – $450 |
| 3-Bedroom | $400 – $600 |
| 4 |
