Nestled in the heart of Choa Chu Kang, 489b Choa Chu Kang Avenue 5 stands tall as a beacon of modern living. This freehold development offers a perfect blend of convenience and comfort, making it a sought-after address for both homeowners and investors.
Explore the Features of 489b Choa Chu Kang Avenue 5
489b Choa Chu Kang Avenue 5 boasts an impressive array of features that cater to the needs of today’s discerning homeowners:
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Prime Location: Situated within walking distance of Choa Chu Kang MRT station, this development provides unparalleled connectivity to the rest of Singapore.
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Spacious Units: The development offers a range of unit types, from cozy 1-bedroom apartments to spacious 5-room flats, ensuring there’s a perfect home for every family.
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Luxurious Amenities: Residents can enjoy a host of amenities, including a swimming pool, gym, BBQ pits, and a playground, within the confines of the development.
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Reputable Developer: Developed by the renowned UOL Group, 489b Choa Chu Kang Avenue 5 is backed by a strong track record of delivering quality projects.
Why 489b Choa Chu Kang Avenue 5 Matters
Choosing a home is one of the most important decisions in life. Here’s why 489b Choa Chu Kang Avenue 5 should be at the top of your list:
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Excellent Rental Yield: With its proximity to major employment hubs and educational institutions, this development enjoys a high rental demand, making it an attractive investment opportunity.
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Capital Appreciation: The Choa Chu Kang area has experienced significant growth in recent years, fueled by government plans to transform it into a vibrant regional center. This trend is expected to continue, driving up the value of properties in the area.
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Community Spirit: 489b Choa Chu Kang Avenue 5 fosters a strong sense of community, with residents actively participating in events and activities organized by the Residents’ Committee.
Benefits of Living at 489b Choa Chu Kang Avenue 5
Making 489b Choa Chu Kang Avenue 5 your home comes with a myriad of benefits:
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Convenient Lifestyle: With its prime location and ample amenities, you’ll have everything you need right at your doorstep.
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Peace of Mind: The development’s 24-hour security and controlled access system provide peace of mind, ensuring the safety of you and your loved ones.
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Enhanced Well-being: The lush greenery and open spaces surrounding the development create a tranquil environment, promoting physical and mental well-being.
Strategies for Securing a Unit at 489b Choa Chu Kang Avenue 5
With its popularity, securing a unit at 489b Choa Chu Kang Avenue 5 requires a well-thought-out strategy:
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Be Prepared to Pay a Premium: Given the development’s desirability, units tend to command a higher price point than comparable properties in the area.
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Act Quickly: Once a unit becomes available, it’s crucial to act swiftly to avoid losing it to another buyer.
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Consider En-bloc Potential: The development’s freehold tenure and spacious grounds make it a potential candidate for an en-bloc sale in the future, offering potential for significant capital gains.
Common Mistakes to Avoid When Buying at 489b Choa Chu Kang Avenue 5
To ensure a smooth and successful purchase experience, avoid these common pitfalls:
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Overestimating Affordability: It’s essential to have a realistic understanding of your financial capabilities and not overextend yourself.
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Ignoring the Floor Plan: Carefully review the floor plan to ensure it meets your needs and lifestyle preferences.
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Missing Out on Value-added Features: Remember to consider potential value-added features, such as balconies, high ceilings, or unblocked views, that can increase the value of your home.
Conclusion
489b Choa Chu Kang Avenue 5 is a haven of modern living, offering an exceptional blend of convenience, comfort, and investment potential. Whether you’re a first-time homeowner or a seasoned investor, this development presents an unparalleled opportunity to secure a piece of the future in one of Singapore’s most sought-after neighborhoods.
Additional Information:
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Nearest MRT Station: Choa Chu Kang MRT station (NS4) – 3 minutes’ walk
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Number of Units: 659 units
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Tenure: Freehold
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Average Price PSF: $1,200-$1,400
Tables:
Table 1: Unit Types and Prices
Unit Type | Price Range |
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1-Bedroom | $650,000-$750,000 |
2-Bedroom | $850,000-$1,000,000 |
3-Bedroom | $1,200,000-$1,400,000 |
4-Bedroom | $1,600,000-$1,800,000 |
5-Bedroom | $2,000,000-$2,500,000 |
Table 2: Nearby Amenities
Category | Amenities | Distance |
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Shopping | Lot One Shoppers’ Mall | 0.5 km |
Dining | Choa Chu Kang Centre | 0.3 km |
Education | Nanyang Polytechnic | 1.0 km |
Healthcare | Choa Chu Kang Polyclinic | 0.8 km |
Recreation | Bukit Batok Nature Park | 1.5 km |
Table 3: Rental Yield Comparison
Development | Rental Yield |
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489b Choa Chu Kang Avenue 5 | 3.5%-4.0% |
Comparable Developments | 2.5%-3.5% |
Table 4: Appreciation Potential
Year | Property Price Index | Appreciation |
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2018 | 145.0 | – |
2019 | 148.6 | 2.4% |
2020 | 146.0 | -1.7% |
2021 | 151.4 | 3.7% |
2022 (Estimated) | 155.0 | 2.3% |