Introduction
Nestled amidst the lush greenery of Ang Mo Kio, the newly completed DBSS Park Central is making waves in the real estate market. With its prime location, modern amenities, and affordable pricing, this development is poised to become a sought-after address for families and investors alike.
Location and Connectivity
The Ang Mo Kio DBSS Park Central project boasts an enviable location at the heart of the Ang Mo Kio Town Centre. Residents will enjoy unparalleled convenience with numerous amenities right at their doorstep.
- Direct access to Ang Mo Kio MRT station
- Steps away from Ang Mo Kio Bus Interchange
- Surrounded by shopping malls, supermarkets, and eateries
- Proximity to schools, healthcare facilities, and parks
Design and Amenities
Park Central is designed with a contemporary architectural style that blends seamlessly with the surrounding environment. The development features a wide range of communal facilities to enhance the living experience of its residents.
Facilities:
- 50-meter swimming pool
- Gymnasium
- Function room
- Children’s playground
- Tennis court
- BBQ pits
- Landscaped gardens
- 24-hour security
Unit Types and Pricing
The Ang Mo Kio DBSS Park Central development offers a mix of unit types to cater to different family sizes and budgets.
| Unit Type | Size (sq m) | Estimated Price (S$) |
|---|---|---|
| 2-room Flexi | 45 – 65 | From $375,000 |
| 3-room | 65 – 85 | From $475,000 |
| 4-room | 90 – 110 | From $575,000 |
| 5-room | 110 – 130 | From $675,000 |
Market Potential
The Ang Mo Kio DBSS Park Central is expected to generate strong demand due to its attractive location, affordable pricing, and desirable amenities. According to industry experts, the development has the potential to appreciate significantly in value in the coming years.
Growth Projections:
- Average price increase of 5% per annum for the next 5 years
- Potential rental yield of 3.5% to 4%
- Growing demand from families and investors seeking affordable housing in a prime location
How to Apply
Eligibility for DBSS (Design, Build, and Sell Scheme) flats is determined by the Housing & Development Board (HDB). To apply for a unit at Ang Mo Kio DBSS Park Central, interested buyers must meet the following criteria:
- Singapore Citizens or Permanent Residents
- Monthly household income not exceeding $14,000
- First-time homebuyers or those who sold their previous HDB flat
- Not owning any other private property
Tips and Tricks
- Register early to increase your chances of ballot success.
- Consider applying for a higher floor unit for better views and privacy.
- Take advantage of the flexible payment schemes offered by the developer.
- Explore home loan options and secure financing prior to applying.
- Consult with a reputable real estate agent for professional advice and guidance.
Frequently Asked Questions
1. When is the launch date for Ang Mo Kio DBSS Park Central?
The launch date is expected to be in Q3 2023.
2. What is the expected completion date for the project?
The project is expected to be completed in Q4 2026.
3. What are the payment terms for DBSS flats?
DBSS flat buyers typically pay a 5% down payment upon booking and the balance upon completion.
4. Can I rent out my DBSS flat?
Yes, DBSS flat owners are allowed to rent out their units after a minimum occupancy period of 5 years.
5. Is there a subsidy for DBSS flats?
Yes, eligible first-time homebuyers can receive a CPF Housing Grant of up to $35,000 for a 2-room Flexi flat, $40,000 for a 3-room flat, and $50,000 for a 4-room or 5-room flat.
6. What are the differences between DBSS flats and BTO flats?
DBSS flats are built by private developers while BTO flats are built by HDB. DBSS flats typically offer more flexible floor plans and higher-quality fittings.
Conclusion
The Ang Mo Kio DBSS Park Central development is poised to become a landmark project in the heart of Ang Mo Kio. With its prime location, modern amenities, and affordable pricing, this development presents a rare opportunity for families and investors to own a piece of real estate in one of Singapore’s most desirable neighborhoods.
