Property Description:
One Cosy 2-Bedroom apartment, located on the top level of a 4-story walk up apartment block.
Name Of Development:
Novena Hill
Address
45B Jalan Novena
Orientation:
Living area faces south-west.
Tenure: Freehold
Floor area: 656 sq. ft.
Singapore District : 11
Novena Hill is located at the end of Jalan Novena, off Thomson Road.
Approximately 5 km from the city centre at Raffles Place.
Facilities:
-Electronic Barrier Gate
-Covered Car Parking
Immediate vicinity includes:
-Private, upmarket residential housing
-Novena church
-Ministry of Home Affairs
-Novena Square
-Novena Medical Centre
-Tan Tock Seng Hospital
-3 min walk to Novena MRT Station.
Security:
Barrier gate, located directly beside the Ministry of Home Affairs
Transport: Bus stop, MRT Station, Car Park
Food: Novena Square, Balestier food area
Asking Price: $975,000 SGD
Current Rental: $2500 per month ( for 1 year commencing May 2010)
Current Yield: $2500 x12 ($30 000) / $975 000 = 3.08 % per year.
Projected to Raise Rent further come May 2011, in line with rising prime residential rents
Per Sq Foot Pricing: $1486 psf.
Other Apartments for Sale in Novena:
Singapore Private Property Price Trends:
http://www.globalpropertyguide.com/Asia/Singapore/Price-History
En Block Potential:
En Block Sale Offer 2007-
http://www.update.sg/whatsNew_oct_p4.html
“(11)Novena Hill
Novena Hill at No 33 Jalan Novena is put up on the en bloc sale market for $56 million to $60 million, or up to $1,777 per sq ft of potential gross floor area.
The freehold site opposite the Ministry of Home Affairs is within District 11 and surrounded by smallish apartment developments. (20 Oct)”
Share Value Of Unit = 3 out of 126.
External Appearance
Entrance To Apartment
Living Area
Entrance To Rooms
Unblocked Private Residential View From Apartment
Bedroom
Kitchen
Reasons To Buy:
1) Low Price ( one of the lowest priced investments available in the prestigious Novena area, both on an Absolute Price, And Per Square Foot basis)
2) High (and rising) rental yield
3) Prime location- close to MRT and other amenities
4) Freehold
5) Enbloc potential
6) Safety and convenience for overseas students and working professionals desiring a good and safe location
How To Buy
If you are interested in this apartment, would like to find out more details, arrange a viewing, or make an offer,
Please
1)fill up the following form with your contact details and we will get back to you.
2)or call +65 97521807
buysingaporeproperty 