About Jurong West St 81 Blk 851
Nestled amidst the vibrant neighborhood of Jurong West, Block 851 on Street 81 stands tall as a testament to modern living. Built in 1998, this 12-story residential development comprises 160 units, ranging from 3-room to 5-room apartments. With its convenient location and well-maintained facilities, Block 851 has become a sought-after address for families, professionals, and investors alike.
Location and Accessibility
One of the key highlights of Block 851 is its exceptional location. Situated just a short walk away from the Jurong West MRT station, residents enjoy seamless connectivity to all parts of Singapore. The station also serves as a major interchange for numerous bus services, providing easy access to other neighborhoods, shopping malls, and educational institutions.
In addition, the Jurong West Bus Interchange is located right next to the MRT station, offering even more transportation options for residents. This strategic location makes Block 851 an ideal choice for those who rely on public transportation for their daily commute.
Amenities and Lifestyle
Residents of Block 851 enjoy a wide range of amenities within easy reach. The ground floor of the development features a minimart, a hair salon, and a medical clinic, catering to the daily needs of residents. Within a short walking distance, there are several coffee shops, restaurants, and retail outlets, providing ample options for dining, shopping, and recreation.
For families with young children, Block 851 is conveniently located near several schools and childcare centers. Jurong West Primary School, Jurong West Secondary School, and Pioneer Junior College are all within a 1-kilometer radius of the development. The proximity to these reputable educational institutions is a major advantage for families seeking a well-rounded education for their children.
Parks and Greenery
Residents of Block 851 can also enjoy the tranquility of nature at the nearby parks. Jurong Central Park, located just a 5-minute walk away, offers a lush green space with jogging paths, playgrounds, and a fitness corner. The park is a popular destination for residents to relax, exercise, or simply soak up the fresh air.
Another nearby green space is the Jurong West Sports and Recreation Centre, which features a swimming pool, tennis courts, and a multi-purpose sports hall. This facility provides residents with opportunities for various sporting activities and recreation.
Real Estate Market Outlook
The real estate market in Jurong West has been experiencing steady growth in recent years. According to the Urban Redevelopment Authority (URA), the median resale price of 3-room flats in Jurong West increased by 5.2% in the first half of 2023 compared to the same period in 2022. The median resale price for 4-room flats also saw an increase of 4.8% during the same period.
This growth is attributed to several factors, including the increasing demand for housing in the area due to its proximity to major employment hubs, the expansion of the Jurong Lake District, and the government’s plans to transform Jurong West into a vibrant and sustainable town.
Investment Potential
Given the positive market outlook and its strategic location, Block 851 presents a compelling investment opportunity for investors. The strong rental demand and potential for capital appreciation make investing in a unit at Block 851 an attractive proposition.
According to data from SRX Property, the average rental yield for 3-room flats in Jurong West was 4.2% in the first half of 2023. This yield is higher than the average rental yield for 3-room flats in Singapore as a whole, which was 3.8% during the same period.
Furthermore, the government’s plans to develop the Jurong Lake District into a major commercial and residential hub are expected to boost property values in the surrounding areas, including Jurong West. This development is likely to increase the demand for housing in the area and further enhance the investment potential of Block 851.
Conclusion
Jurong West St 81 Blk 851 is a well-rounded residential development that offers a convenient location, ample amenities, and a promising investment outlook. Its proximity to the Jurong West MRT station, the abundance of nearby shops and services, and the presence of parks and green spaces make it an ideal choice for families, professionals, and investors alike. Whether you are looking for a comfortable home to live in or a sound investment for the future, Block 851 is a property that deserves your attention.
Frequently Asked Questions
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What is the address of Block 851?
– Jurong West St 81 Blk 851, Singapore 640851 -
How many units are there in Block 851?
– 160 units -
What is the range of unit types available in Block 851?
– 3-room to 5-room apartments -
How far is Block 851 from the Jurong West MRT station?
– Just a short walk away -
What amenities are available on the ground floor of Block 851?
– Minimart, hair salon, medical clinic -
What is the median resale price of 3-room flats in Jurong West?
– Increased by 5.2% in the first half of 2023 compared to the same period in 2022 -
What is the average rental yield for 3-room flats in Jurong West?
– 4.2% in the first half of 2023
