If you’re looking for a family-friendly condominium that’s located in the Yishun area, The Estuary is one of the properties that’s ought to be on your list. This 99-year leasehold development by MCL Land Pte Ltd comprises a total of 608 units along with facilities which are appealing to both parents and children. However, there are other factors that make this property investment-worthy; they include being close to good schools, superb accessibility and amenities galore within the vicinity.
Here’s Why The Estuary Is a Perfect Family Home:
1. Specifications
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| The Estuary | 99-year leasehold | 2013 | C5P – 3 bedrooms + 3 bathrooms D – 4 bedrooms + 3 bathrooms | 1442 1528 | $1,021 |
If you’re looking to buy for your own stay, the top two largest units in the development (3- and 4-bedroom) are great for multi-generational living, one that’s perfect for grandparents to live together and form one big happy family.
2. Monthly Rental Price
On the other hand, if you’re planning on renting out your unit, the monthly rental of a two-bedroom apartment in The Estuary can go up to $3,300 while the nearby condominiums, Orchid Park Condominium is $2,300 and North Park Residences is $3,000 for the same number of rooms.
Future landlords are surely at an advantage, considering its strategic location and the number of upcoming developments within close proximity mentioned in URA’s 2019 Draft Master Plan – the family-oriented town is set to be more attractive with an abundance of amenities and better accessibility.
3. Education
Parents, you’ll never have to worry about getting your child a good education or how far the school might be. There are three schools within a 1km radius! They are: Peiying Primary School, Orchid Park Secondary School and Naval Base Secondary School. Other schools nearby include CHIJ Our Lady of the Nativity, Rosyth School and Anderson Secondary School. Foreign families, you’re in luck too! International schools such as Australian International School Singapore (11-minute drive) and Lyc√©e Fran√ßais de Singapour (LFS) (13-minute drive) are also within the vicinity.
4. Perks for Own Stay
You and your family can enjoy the slew of fun-filled facilities that The Estuary has to offer – throw a BBQ party for extended family and friends and hold your gathering at the clubhouse or multi-purpose hall if you’re intending to have food catered. There’s no reason why you can’t keep an active lifestyle as there’s a gymnasium, fitness corner, lap pool and tennis court for the adults and a fun pool and playground for the little ones.
5. Transportation and Accessibility
The Estuary is only 1.2km away from Khatib MRT and it takes about 15 minutes to walk there. Alternatively, if you’re in a rush, you can hop on the bus at two of the bus stops nearby. This will take you about six to 10 minutes to reach the train station. If you’re driving to the Central Business District or the vibrant Orchard Shopping Belt, you will reach there in 15 or 20 minutes, via the Seletar Expressway (SLE) or Central Expressway (CTE), respectively.
6. Future Developments within and near District 27
Good news for residents and future residents of Yishun! According to URA, the town will be more accessible with Springleaf MRT (estimated date of completion: 2022), so getting to the city will be much faster. There will be more park connectors – more reservoir scenic views can be enjoyed with the future extended park connector at Lower Seletar Reservoir Park. Other new developments include the brand new Khatib Polyclinic (estimated date of completion: 2023) and HomeTeamNS Khatib.
7. Amenities and Healthcare
With the recently opened Yishun Integrated Transport Hub and Yishun Park Hawker Centre, Yishun Central is transforming into a vibrant lifestyle, recreation and transport hub, making shopping and dining more convenient. You can also find a handful of eateries, supermarkets, banks and malls such as Northpoint City and Yishun Ten Complex closeby.
As for healthcare, Khoo Teck Puat Hospital managed by Alexandra Health and Yishun Community Hospital close by will help to fulfil the medical needs of you and your family. Khoo Teck Puat Hospital is a general acute care hospital while Yishun Community Hospital focuses on sub-acute, rehabilitative, dementia and palliative care.
Look forward to joy-filled family days ahead which you can do near home. Head down to ORTO where there’s a range of activities you can engage in, like the joy of anticipation with Longkang Fishing and Prawning or have a bouncing good time at Katapult Trampoline Park. Visit The Live Turtle and Tortoise Museum for a heartwarming experience where you’ll get to learn about the different species and even feed them. Travel a little bit further (about 4.7km away) and spend the whole day at the famous Singapore Zoo for a fun day out with the kids!
The Estuary’s family-friendly unit types, the abundance of good schools in the area and the wide variety of activities you can do with your loved ones – The Estuary is definitely a perfect home for both local and foreign families to live, work and play together.
Excited to make this your very own family home? We can’t wait to make that happen for you. Contact our friendly customer care team at 6886 9009 now!
Best Mortgage Rate Across All Banks for The Estuary
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 Estuary
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 three-bedroom unit at The Estuary to comfortably fit your growing family or planning to rent it out to families in the future and the price is at $1,200,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $32,600.
| 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 $200,000 | 4% | $8,000 |
| BSD Payable | $32,600 | |
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 Estuary
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 Estuary
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,200,000 |
|---|---|---|
| If The Estuary is your second residential property | 12% | $144,000 |
| If The Estuary is your third or subsequent residential property | 15% | $180,000 |
ABSD for Singapore Permanent Resident when Buying The Estuary
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,200,000 |
|---|---|---|
| If The Estuary is your first property | 5% | $60,000 |
| If The Estuary is your second or subsequent residential property | 15% | $180,000 |
ABSD for Foreigners when Buying The Estuary
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,200,000 |
|---|---|---|
| Foreigners buying any property | 20% | $240,000 |
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.
You can buy your new home with Ohmyhome’s VIP agent service at $0 agent fees!
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