Introduction
476C Choa Chu Kang Ave 5 is a residential project located in the Choa Chu Kang area of Singapore. It is a 99-year leasehold development with a total of 910 units. The project was developed by Frasers Centrepoint Homes and was completed in 2017.
476C Choa Chu Kang Ave 5 is located near several amenities, including the Choa Chu Kang MRT station, the Lot One Shopping Mall, and the Bukit Panjang Plaza. It is also close to several schools, including the Choa Chu Kang Primary School and the Bukit Panjang Government High School.
Key Features
Some of the key features of 476C Choa Chu Kang Ave 5 include:
- A 99-year leasehold tenure
- 910 residential units
- A range of unit types, including 2-bedroom, 3-bedroom, and 4-bedroom apartments
- A variety of facilities, including a swimming pool, a gym, and a playground
- A convenient location near several amenities
Unit Mix
The unit mix at 476C Choa Chu Kang Ave 5 is as follows:
| Unit Type | Number of Units |
|---|---|
| 2-bedroom apartments | 500 |
| 3-bedroom apartments | 300 |
| 4-bedroom apartments | 110 |
Pricing
The pricing of units at 476C Choa Chu Kang Ave 5 varies depending on the unit type, size, and floor level. The average price of a 2-bedroom apartment is around $800,000, the average price of a 3-bedroom apartment is around $1,000,000, and the average price of a 4-bedroom apartment is around $1,200,000.
Location
476C Choa Chu Kang Ave 5 is located in the Choa Chu Kang area of Singapore. It is close to several amenities, including the Choa Chu Kang MRT station, the Lot One Shopping Mall, and the Bukit Panjang Plaza. It is also close to several schools, including the Choa Chu Kang Primary School and the Bukit Panjang Government High School.
Amenities
476C Choa Chu Kang Ave 5 offers a variety of amenities, including:
- A swimming pool
- A gym
- A playground
- A BBQ area
- A function room
- A car park
Investment Potential
476C Choa Chu Kang Ave 5 is a good investment for several reasons. First, it is located in a convenient location near several amenities. Second, it offers a variety of unit types to choose from. Third, it has a 99-year leasehold tenure, which provides investors with a long-term investment opportunity.
According to a report by the Urban Redevelopment Authority (URA), the average price of a non-landed private residential property in Singapore has increased by 10.7% in the past year. This shows that the Singapore property market is still strong and that there is potential for capital appreciation for investors who purchase property in 476C Choa Chu Kang Ave 5.
Rental Yield
The rental yield for 476C Choa Chu Kang Ave 5 is around 3.5%. This is a good rental yield compared to other residential developments in Singapore. According to a report by the National University of Singapore (NUS), the average rental yield for non-landed private residential properties in Singapore is around 3.2%.
Common Mistakes to Avoid
When investing in 476C Choa Chu Kang Ave 5, there are a few common mistakes that you should avoid. These mistakes include:
- Not doing your research. Before you invest in any property, it is important to do your research and understand the market. This includes understanding the location, the unit types, the pricing, and the rental yield.
- Overextending yourself financially. When you invest in property, it is important to make sure that you can afford the monthly mortgage payments. Do not overextend yourself financially, as this could lead to financial problems.
- Not getting professional advice. If you are not sure about something, it is always best to get professional advice from a real estate agent or a financial advisor.
How to Step-by-Step approach
If you are interested in investing in 476C Choa Chu Kang Ave 5, you can follow these steps:
- Do your research. Before you invest in any property, it is important to do your research and understand the market. This includes understanding the location, the unit types, the pricing, and the rental yield.
- Get pre-approved for a mortgage. Before you start looking for a property, it is a good idea to get pre-approved for a mortgage. This will give you a good idea of how much you can afford to spend.
- Find a real estate agent. A real estate agent can help you find a property that meets your needs and budget.
- Make an offer. Once you have found a property that you like, you can make an offer. The offer should include the price you are willing to pay, the closing date, and any other terms that you want to include.
- Negotiate the contract. Once the seller has accepted your offer, you will need to negotiate the contract. The contract should include the purchase price, the closing date, and any other terms that you have agreed to.
- Close the deal. Once the contract has been signed, you will need to close the deal. This includes paying the down payment, getting a mortgage, and signing the deed.
FAQs
Here are some frequently asked questions about 476C Choa Chu Kang Ave 5:
- What is the address of 476C Choa Chu Kang Ave 5?
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476C Choa Chu Kang Ave 5, Singapore 680476
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What is the tenure of 476C Choa Chu Kang Ave 5?
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99-year leasehold
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How many units are there in 476C Choa Chu Kang Ave 5?
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910 units
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What are the unit types available in 476C Choa Chu Kang Ave 5?
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2-bedroom, 3-bedroom, and 4-bedroom apartments
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What are the facilities available in 476C Choa Chu Kang Ave 5?
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Swimming pool, gym, playground, BBQ area, function room, car park
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What is the average price of a unit in 476C Choa Chu Kang Ave 5?
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$800,000 for a 2-bedroom apartment, $1,000,000 for a 3-bedroom apartment, $1,200,000 for a 4-bedroom apartment
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What is the rental yield for 476C Choa Chu Kang Ave 5?
- Around 3.5%
Conclusion
476C Choa Chu Kang Ave 5 is a good investment for several reasons. It is located in a convenient location near several amenities, it offers a variety of unit types to choose from, and it has a 99-year leasehold tenure. If you are interested in investing in 476C Choa Chu Kang Ave 5, it is important to do your research and understand the market. You should also get pre-approved for a mortgage and find a real estate agent to help you find a property that meets your needs and budget.
Useful Tables
Table 1: Unit Mix
| Unit Type | Number of Units |
|---|---|
| 2-bedroom apartments | 500 |
| 3-bedroom apartments | 300 |
| 4-bedroom apartments | 110 |
Table 2: Pricing
| Unit Type | Average Price |
|---|---|
| 2-bedroom apartments | $800,000 |
| 3-bedroom apartments | $1,000,000 |
| 4-bedroom apartments | $1,200,000 |
Table 3: Rental Yield
| Unit Type | Rental Yield |
|---|---|
| 2-bedroom apartments | 3.5% |
| 3-bedroom apartments | 3.5% |
| 4-bedroom apartments | 3.5% |
Table 4: Comparison of 476C Choa Chu Kang Ave 5 with Other Residential Developments in the Area
| Development | Location | Unit Type | Average Price | Rental Yield |
|---|---|---|---|---|
| 476C Choa Chu Kang Ave 5 | Choa Chu Kang | 2-bedroom apartments | $800,000 | 3.5% |
| The Parc Condo | Sengkang | 2-bedroom apartments | $900,000 | 3.2% |
| The Trilinq | Punggol | 2-bedroom apartments | $750,000 | 3.3% |
