When contemplating an investment in a condominium, it is crucial to consider the potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. This factor can greatly impact the profitability of a condo investment in Singapore, as rental yields can vary significantly depending on location, property condition, and market demand. Usually, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. It is essential to conduct comprehensive market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a particular condo. Moreover, staying updated on new condo launches can provide further opportunities for investors to explore potential rental yields.
In a span of just 2.5 hours, Apex Asia Management Group announced the successful sale of 11 out of 34 available apartments (or 32.4%) at Artisan 8, a brand-new freehold mixed-use development. The group also managed to sell off five out of eight ground-floor shop units, amounting to a 62.5% sales rate.This impressive feat was achieved during the commencement of sales at 5pm today (August 21). The Artisan 8 development boasts a strategic location with prices starting from $2,100 per square foot (psf) for apartments and $3,400 psf for retail units. As per Mark Yip, the CEO of Huttons Asia, the temptation of such attractive prices proved to be irresistible for buyers.Read also: Li Jun’s new chapter: From Qingjian roots to Apex Asia’s Artisan 8Yip believes that Artisan 8 would probably be the last freehold launch in the Rest of Central Region (RCR) in the coming five years. This is mainly due to the unavailability of any freehold projects in RCR, unless there is a successful en bloc sale in the near future.Artisan 8 has a prime location, with close proximity to renowned schools such as Ai Tong Primary School and Catholic High. Upper Thomson MRT Station, which is just 300m away on the Thomson-East Coast Line, is another major perk for the residents of Artisan 8. If you are looking to invest in Sin Ming Centre properties or Artisan 8, check out the latest listings now.