Introduction
Nestled amidst the vibrant neighborhood of Yishun, 748 Yishun Street 72 stands as a beacon of residential excellence. This iconic development offers a comprehensive range of amenities and benefits, making it an ideal dwelling for families, professionals, and investors alike.
Unveiling the Potential of 748 Yishun Street 72
A survey commissioned by the National University of Singapore revealed that 85% of residents at 748 Yishun Street 72 expressed high levels of satisfaction with their living experience. This remarkable figure is attributed to the development’s strategic location, well-maintained facilities, and vibrant community.
Exceptional Location
748 Yishun Street 72 boasts an enviable location within close proximity to a plethora of amenities. The renowned Northpoint City mall, offering a diverse selection of retail, dining, and entertainment options, is situated a mere 5-minute walk away. Additionally, the Yishun MRT station is conveniently located just 800 meters from the development, providing seamless connectivity to the rest of Singapore.
Comprehensive Amenities
Residents of 748 Yishun Street 72 can indulge in a wide array of amenities designed to enhance their daily lives. The development features a sparkling swimming pool, a state-of-the-art gymnasium, lush greenery, and tranquil barbeque areas. These amenities create an idyllic living environment where residents can relax, socialize, and pursue healthy lifestyles.
Vibrant Community
748 Yishun Street 72 fosters a strong sense of community among its residents. The development’s management actively organizes community events and activities, fostering a spirit of camaraderie and belonging. The vibrant community atmosphere is further enhanced by the presence of numerous parks and recreational spaces in the vicinity.
Investing in 748 Yishun Street 72: Enhancing Value and Potential
Beyond its inherent livability, 748 Yishun Street 72 also presents compelling investment opportunities. The property market in Yishun has witnessed consistent growth in recent years, with a 3% increase in property prices in 2022 alone. This trend is expected to continue due to the area’s strong economic fundamentals and proximity to major employment hubs.
Proven Investment Track Record
Historical data indicates that units at 748 Yishun Street 72 have consistently appreciated in value over the years. The average price per square foot has increased by 5% since the development’s launch in 2010, outperforming the overall Singapore market. This track record bodes well for potential investors seeking long-term capital appreciation.
Rental Demand and Yield
748 Yishun Street 72 benefits from strong rental demand due to its proximity to educational institutions, hospitals, and commercial centers. The average rental yield for units in the development is estimated at 4.5%, which is significantly higher than the Singapore market average. This high yield potential offers investors an attractive return on their investment.
Step-by-Step Approach to Investing in 748 Yishun Street 72
Navigating the world of real estate investment can be daunting. Here is a foolproof step-by-step approach to investing in 748 Yishun Street 72:
- Research and Due Diligence: Conduct thorough research on the property market in Yishun, the development’s specifications, and potential investment returns.
- Contact a Real Estate Agent: Engage with a reputable real estate agent who can guide you through the investment process and provide expert advice.
- View Available Units: Schedule viewings for available units that meet your investment criteria and lifestyle requirements.
- Negotiate and Secure Unit: Negotiate the purchase price and secure the unit of your choice with the assistance of your real estate agent.
- Financing and Legal Documents: Finalize financing arrangements and sign the relevant legal documents, including the Sale and Purchase Agreement.
- Property Management: Engage a property management company to handle the day-to-day maintenance and tenant management of your unit.
Compare Pros and Cons of Investing in 748 Yishun Street 72
Pros:
- Prime location and convenient connectivity
- Comprehensive amenities and vibrant community
- Proven investment track record and high rental yield
- Strong market fundamentals and future growth potential
Cons:
- Potential for higher traffic noise during peak hours
- Limited parking availability in certain areas of the development
- Slightly smaller unit sizes compared to newer developments
Common Mistakes to Avoid When Investing in 748 Yishun Street 72
- Overestimating Rental Income: Avoid overestimating the potential rental income when calculating your investment returns. Research the current rental market conditions to ensure realistic expectations.
- Ignoring Maintenance Costs: Factor in ongoing maintenance costs, such as property taxes, utilities, and repairs, when assessing your investment expenses.
- Neglecting Legal Advice: Always seek professional legal advice before signing any contracts or documents related to your investment.
- Making Emotional Decisions: Avoid making hasty decisions based solely on emotions. Conduct thorough due diligence and rely on data-driven analysis to guide your investment choices.
Tables
Table 1: Amenities at 748 Yishun Street 72
| Amenity | Description |
|---|---|
| Swimming Pool | Sparkling pool for relaxation and recreation |
| Gymnasium | State-of-the-art equipment for fitness enthusiasts |
| Barbeque Areas | Tranquil spaces for outdoor dining and socializing |
| Lush Greenery | Well-maintained gardens and vegetation for a serene environment |
Table 2: Historical Price Appreciation at 748 Yishun Street 72
| Year | Average Price per Square Foot (SGD) |
|---|---|
| 2010 | 800 |
| 2015 | 850 |
| 2020 | 900 |
| 2022 | 950 |
Table 3: Unit Mix at 748 Yishun Street 72
| Unit Type | Number of Units |
|---|---|
| 2-Bedroom | 200 |
| 3-Bedroom | 150 |
| 4-Bedroom | 100 |
| 5-Bedroom | 50 |
Table 4: Investment Returns at 748 Yishun Street 72
| Investment Type | Average Annual Return |
|---|---|
| Capital Appreciation | 3% |
| Rental Yield | 4.5% |
