If you’re on a quest to find a gem in the east, look no further because your search is over! Developed by Fragrance Group, this freehold condominium is exclusive to 237 units and housed in two 12-storey buildings. Urban Treasures not only offers unblocked views of both the low-rise housing estate and the Central Business District but also unmatched accessibility to public transport and a range of amenities, making it a valuable investment you wouldn’t want to miss.
4 Reasons to Choose Urban Treasures for Your Next Property Investment:
1. Rental Price Increase
Singapore’s overall rents for condos in the Outside Central Region (OCR) increased by 2.9% and the country’s rental prices increased on a year-on-year basis as of Q3 2019.
The expected TOP for Urban Treasures is 2023. We can estimate its monthly rent by exploring condominiums that are closeby. The monthly rental of a two-bedder in euHabitat can go up to $3,000 while Suites @ Eunos is $3,500 for the same number of rooms.
This is clearly good news for future landlords, considering its strategic location and the number of upcoming developments within close proximity mentioned in URA’s Draft Master Plan in East Region where residents can look forward to more leisure and recreational places.
2. Higher Tenant Demand
In 2019, there are 2% more foreigners which contributed to the private property rental market.
The growing industries in Changi, Pasir Ris and Tampines North welcome more jobs in the semiconductor and aviation-related industry. Naturally, where there are more job opportunities, there will be a demand for housing.
3. Increase in Property Prices
What factors may contribute to these competitive rental and sales rates in and near Urban Treasures?
Transportation and Accessibility
Travelling to and fro Urban Treasures is easy! If you’re taking public transport, it’s just walking distance to two train stations, namely Ubi MRT Station and Kaki Bukit MRT Station. It’s not difficult travelling to the city via MRT as it takes no more than eight stops to the Central Business District, Marina Bay Sands and Orchard Road.
The property is also connected to Pan Island Expressway (PIE), so getting to central areas such as Orchard Road, Raffles Place and Harbourfront takes about 20 minutes or less if it’s not during the peak hours.
Future Developments within and near District 14
According to URA’s Draft Master Plan 2019 for Bedok, there will be new housing developments with more amenities and recreational facilities, more community spaces and public transportation options. This includes the brand new Eunos Polyclinic, that has an Eldercare Centre (to be completed by this year), a 4km-long Outdoor Play Corridor connecting Bedok Reservoir Park and East Coast Park, and the opening of Thomson-East Coast Line in 2021 (where Sungei Bedok MRT Station is connected to the Downtown Line).
Also, with future plans like the development of Terminal 5 (estimated date of completion 2030) where there will be a station on the Thomson-East Coast Line (TEL) and the relocation of Paya Lebar Airbase where there will be “new homes, new offices, new factories, new parks, new living environments, new communities”.
Healthcare
Your healthcare needs are well taken care of with the convenience of hospitals nearby to the development such as Parkway East Hospital (six-minute drive) and Changi General Hospital (eight-minute drive).
Education
Urban Treasures is great for both local and foreign families with children as there are plenty of prestigious schools nearby. From preschools such as The Orange Tree Preschool and Heguru Education Centre to primary and secondary schools like Maha Bodhi School, Telok Kurau Primary School, Manjusri Secondary School and Eunos Primary School (all within 1km!).
4. Perks for Own Stay
Step into relaxation mode when you return home every day. Forest-like fa√ßade and beautiful water installations greet you each time you set foot on the property – it’s like being on vacation 24/7! Urban Treasures has got you covered for fun-packed days with a variety of recreational facilities that can be found at the facilities deck and scenic roof terraces.
The array of lifestyle facilities will definitely help and motivate you to stay in shape and be in the pink of health. Get your running shoes ready for a go at the fitness trail and jogging path. Prefer working out with a buddy? Head down to the tennis court with a partner for a friendly tennis match!
Have fun in the sun at the swimming pool, or the spa pool with jacuzzi. On chill days, sit back, relax and sun tan at the pool deck or read a book in one of the poolside cabanas. Kids can join in the fun at the playground and wade in the pool.
When it comes to food and celebration, fret not, you can count on Urban Treasures for a good time. Throw a BBQ cook-out at the garden dining pavilion, set up a picnic at the party lawn, enjoy dining by the poolside or even high up on the roof terrace.
You won’t be disappointed with the amenities that can be found around the area. With malls like Paya Lebar Square, Kinex Shopping Mall, Bedok Mall and Parkway Parade at your backyard, you won’t run out of choices when it comes to dining and shopping.
Take outdoor fun to the next level at the Bedok Reservoir Park and East Coast Park which are minutes away from Urban Treasures. Feeling famished after a whole day out? Don’t worry as supper spots in Joo Chiat Road, Geylang Serai and along Aljunied are closeby. It’s never a bad idea to indulge in dim sums, seafood and local delicacies such as durian.
Urban Treasures’ units range from one to four-bedroom units, it caters to “a diverse community of young families and working adults”, making it an ideal choice for any new generation of home buyers. Located conveniently near the MRT, major expressways and good schools – it’s a home worth investing in, for your loved ones and future generations to come.
Enchanted by this property? Invest in Urban Treasures today!
Best Mortgage Rate Across All Banks for Urban Treasures
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.95%. 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 Urban Treasures
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 four-bedroom unit at Urban Treasures to comfortably fit your growing family or planning to rent it out to families in the future and the price is at $2,300,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $76,600.
| 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 $1,300,000 | 4% | $52,000 |
| BSD Payable | $76,600 | |
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 Urban Treasures
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 Urban Treasures
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,300,000 |
|---|---|---|
| If Urban Treasures is your second residential property | 12% | $276,000 |
| If Urban Treasures is your third or subsequent residential property | 15% | $345,000 |
ABSD for Singapore Permanent Resident when Buying Urban Treasures
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,300,000 |
|---|---|---|
| If Urban Treasures is your first property | 5% | $115,000 |
| If Urban Treasures is your second or subsequent residential property | 15% | $345,000 |
ABSD for Foreigners when Buying Urban Treasures
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,300,000 |
|---|---|---|
| Foreigners buying any property | 20% | $460,000 |
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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