Comprising four blocks of five-storey villas and three towers of 23-storey apartments along Prince Charles Crescent, The Crest is a unique architectural gem.
When Pritzker Architecture Prize Laureate winner, Toyo Ito, was designing The Crest, his main inspiration was nature, particularly how the environment keeps itself cool by evaporation. Similar to a tree, The Crest has been created to provide a bright and airy living environment with spectacular views, lush landscaping and tranquil water features.
There are many factors besides its timeless design that make The Crest valuable. Let’s get to know more about this property.
Here’s Why The Crest Is an Investment-Worthy Home:
1. Specifications
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| The Crest | 99-year leasehold | 2017 | 1-bedder 2-bedder+S^ 3-bedder+M+S* 4-bedder+M+S* 5-bedder+M+S* 2- to 4-bedroom villa | 775 1044 1658 1744 2002 904 – 1,884 | $2,283 |
S^ : Study | M+S* : Hobby Loft + Study
The Crest’s units range from one- to five-bedroom apartments and two- to four-bedroom villas. If you prefer the luxury of a private lift, you should take a look at its three- to five-bedroom units. Whether you’re a bachelor, couple or family with children, there’s definitely a unit that’s suitable for you.
2. Monthly Rental Price
According to Urban Redevelopment Authority (URA), The Crest’s monthly rental for a three-bedroom apartment can go up to $6,700, while neighbouring condominiums such as Principal Garden and Alex Residences are priced at (up to) $6,800 and $5,000 respectively for the same number of rooms.
This is good news for future landlords, considering the upcoming developments within close proximity mentioned in URA’s 2019 Draft Master Plan like new commercial, institutional, recreational and community facilities alongside improved connectivity involving The Rail Corridor, new MRT lines and park connectors – all the factors to assure you that your property will keep its value well.
3. Perks for Own Stay
One of The Crest’s unique features is its expansive waterscape with different swimming pools and water features. There’s a 50m Lap Pool, Private Onsen (Hot and Cold tub) with Steam Bath, Curvilinear Leisure Pool, Reflective Pool, Bio Lagoon, Rocky Stream, Garden Jacuzzi, Meadow Spa and even a Children’s Fun Pool for the little ones. You can sit back and relax at different spots of the condominium too. Breathe easy at Refresh and Relax Lounge, Pool Deck and Oasis Pavilion or be entertained at the Entertainment cum Theatrette Suite.
There are many other things you can do at The Crest. Enjoy being in the presence of nature at the six different gardens – Meadow Garden, Cascading GardenTrail, Rain Lilies Garden, Essence Garden, Gardenias Garden and Aroma Garden. Eat, drink and be merry with family and friends! You have a few places to choose from – Grill and DineTerrace, Sky Dining, Canap√©s Terrace Bar and Teppanyaki Grill and Refreshment Servery. Remember to squeeze in time for some exercise at the Sky Gym, JoggingTrail and Tennis Court. Your kids can join in the fun too at the Children’s Pavilion, Play Mound and Play Alcove!
4. Transportation and Accessibility
At The Crest, there’s always seamless connections to the city. The closest MRT station is Redhill MRT Station which is 850m away – you can reach there in 11 minutes by foot. There’s plenty of bus services (about 10 of them) nearby that can take you to the Central Business District (CBD), Chinatown and Orchard Shopping belt.
It’s just as convenient to get to the condominium via personal transport as it’s connected to major expressways such as CTE, MCE and AYE and multiple roads, namely Tanglin Road, Rochalie Drive, Jervois Road, Chatsworth Road, Bishopsgate Road, Nathan Road, Grange Road and River Valley Road. You can get to the city within 10 minutes of driving.
Going green begins at your doorstep! Start at the Alexandra Linear Park Connector and Canal leading to the Singapore River. This takes you all the way to Boat Quay, past River Valley, Robertson Quay, and Clarke Quay, while the adjacent Henderson Park Connector links you to the Southern Ridges, a 10km nature trail that joins Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park and Labrador Nature Reserve.
5. Amenities and Healthcare
You have a choice of malls to head to for your grocery shopping and basic necessities; they are Dawson Place, AnchorPoint Mall, Valley Point and Great World City. Thinking of going for some Chinese food? Make your way to one of these nearby food places – Quan Le Yan, Mu Liang Zai Liang Kee Restaurant, 2it & Drink and Dragon Phoenix Restaurant. The condominium is also car-friendly, with two petrol stations located closeby.
In a mood to cafe-hop or catch up with friends over drinks? There are numerous restaurants, cafes, bars and clubs, in trendy spots such as Clarke Quay, Boat Quay, Robertson Quay, Dempsey Hill and Orchard Road which are just a mere five to seven minutes’ drive away. For those who enjoy performing arts, you can head east towards the Esplanade, the ArtScience Museum and Marina Bay Sands to catch iconic musicals, famous plays or latest dance festivals that are currently in town.
If you have a medical emergency that requires immediate attention, fret not. Good clinics and hospitals are less than 15 minutes away by car: Alexandra Hospital (seven-minute drive), Gleneagles Hospital (seven-minute drive), Mount Elizabeth Hospital (12-minute drive) and Thomson Medical Centre (13-minute drive).
6. Education
It’s not very difficult when it comes to choosing a school for your children as there’s a handful of them within close proximity. There are local schools such as Alexandra Primary School, Crescent Girls School, Gan Eng Seng School, Henderson Secondary School and international schools like Invictus International School and Chatsworth International School.
7. Future Developments within and near District 3
According to URA, there will be:
New MRT stations – four new stations will be in operation (Cantonment, Havelock, Keppel and Outram Park) with the completion of the Thomson-East Coast MRT Line by 2021 and the Circle Line 6 by 2025.
New amenities and facilities –
• The former school building of Henderson Secondary School will have a childcare centre, nursing home and urban farms.
• Re-opening of Commonwealth Avenue Wet Market and Food Centre for Dawson Residents.
• New mixed-use developments at Holland Village and Rochester Park.
New commercial areas –
‚Ä¢ Singapore’s first underground electrical substation (ESS) integrated with offices and other commercial uses (ready by 2025).
• Greater Southern Waterfront, extending from Pasir Panjang to Marina East, is the latest spot for metropolitan living. It will generate an increase in housing, commercial and entertainment opportunities; office districts with nightlife, linkable parks and even a new resort.
New recreational places –
• Keppel Club will be redeveloped with more housing with better access to the waterfront, nature and two MRT stations (Labrador Park and Telok Blangah).
‚Ä¢ New ‘sensory’ zones and an enhanced Beach Station in Sentosa.
Enhanced places of nature –
‚Ä¢ A new park that’s closer to the stream, in between Alexandra Park Connector and Telok Blangah Hill Park.
• A new funicular railway at Mount Faber to bring visitors from the foothills to the hilltop (ready by 2023).
The Crest, with its desirable location, amenities, facilities, security, status and surrounding ambience makes it a fitting choice for high-income Professionals, Managers, Executives and Businessmen (PMEBs). Does this development fulfil your criteria of a worthy home investment? We’re more than glad to make it happen for you.
Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!
Best Mortgage Rate Across All Banks for The Crest
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for The Crest
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a two-bedroom unit at The Crest the price is at $2,178,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $64,240.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $1,178,000 | 4% | $47,120 |
| BSD Payable | $71,720 | |
Source: IRAS
Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!
Additional Buyer’s Stamp Duty for The Crest
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying The Crest
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,178,000 |
|---|---|---|
| If The Crest is your second residential property | 12% | $261,360 |
| If The Crest is your third or subsequent residential property | 15% | $326,700 |
ABSD for Singapore Permanent Resident when Buying The Crest
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,178,000 |
|---|---|---|
| If The Crest is your first property | 5% | $108,900 |
| If The Crest is your second or subsequent residential property | 15% | $326,700 |
ABSD for Foreigners when Buying The Crest
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,178,000 |
|---|---|---|
| Foreigners buying any property | 20% | $435,600 |
Agent Service for Home Buyers at $0 Agent Fee
Our real estate consultants will provide you insights about this new launch project and assist you with everything you need to know from Buyer’s Stamp Duty, Additional Buyer’s Stamp Duty, exercising the OTP to sealing the deal.
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