Life at 6 Derbyshire in District 11 promises all-round convenience when it comes to travelling and shopping. Developed by Fantasia Holdings Group Co. Limited, this condominium comprises 168 luxurious units that ranges from one to three-bedders and penthouses. There are a handful of reasons why investment potential is high for this development – besides its highly lucrative freehold status that is!
3 Reasons to Choose 6 Derbyshire for Your Next Property Investment:
1. Rental Price Increase
Singapore’s overall rents for condos in the Core Central Region (CCR) increased by 4% and the country’s rental prices increased on a year-on-year basis as of Q3 2019.
In 2019, there are 2% more foreigners which contributed to the private property rental market.
The monthly rental of a two-bedder in 6 Derbyshire is $3,400. Monthly rental for nearby condominiums such as Adria and Viva can go up to $4,000 and $5,800 respectively, for the same number of rooms.
This is clearly good news for future tenants, considering its strategic location and the number of upcoming developments within proximity mentioned in URA’s Draft Master Plan in Novena and Tanglin where residents can look forward to more leisure and recreational places.
2. Increase in Property Prices
What factors may contribute to these competitive rental and sales rates in and near 6 Derbyshire?
Transportation and Accessibility
You can travel without any hassle because the nearest train station is Novena MRT Station (just 850m away), which is only two stops from Orchard MRT Station, and six stops from Raffles Place MRT Station. It is just as convenient if you’re driving too – with major expressways (Central Expressway (CTE) and Pan Island Expressway (PIE)) closeby, travelling to Orchard and Raffles Place will take 15 minutes or less.
Grocery shopping is no sweat at all when Cold Storage and NTUC are a five-minute walk away. You’ll be even more pleased to know that there are 500 retail shops and food outlets within 600m away from the condominium. Nearby malls include Velocity, Novena Square, United Square Shopping Mall, Square 2 and Goldhill Plaza.
Future Developments within and near District 11
According to URA’s Draft Master Plan 2019 for Novena, there will be improved connectivity with the North-South Corridor and new park connectors, Health City Novena to be a leading healthcare hub, the opening of Thomson-East Coast Line in 2021 (two new stations closest to District 12 are Stevens and Napier), enhancements taking place at Singapore Botanic Gardens, and a new park (Whampoa Park) at Whampoa Road.
Other developments include the CBD Incentive Scheme, a new Dover Knowledge District (a mixed-use site that is meant to be an extension to one-north suited to technology companies), and the old Pasir Panjang Power District will be turned into the Greater Southern Waterfront, a heritage and lifestyle hub. All these destinations are less than 15 to 20 minutes away from 6 Derbyshire.
Healthcare
All your healthcare needs are well taken care of because you are located close to Singapore’s largest healthcare complex, which is Health City Novena (six-minute drive away). Other healthcare institutions include KK Women’s and Children’s Hospital (four-minute drive), Concord International Hospital (nine-minute drive) and Gleneagles Hospital (11-minute drive).
Education
There’s a variety of prestigious schools nearby, great for both local and foreign families with children. They are EtonHouse Pre-School (Newton), St Joseph’s Institute Junior (within 1km), Anglo-Chinese School (Barker Road) and Singapore Chinese Girls’ School. International schools include Chatsworth International School – Orchard Campus and Italian Supplementary School.
3. Perks for Own Stay
At 6 Derbyshire, there are multiple spots for you to lounge, meditate and relax amidst the greenery at its two Sky Gardens. You don’t have to fret about keeping fit as there’s a lap pool and gymnasium at your disposal. Thinking of hosting small intimate gatherings? Hold them at the alfresco dining area or function pavilion. There’s also a concierge service to cater to your every need, so you don’t have to worry about things like scheduling for housekeeping and picking up laundry.
You will definitely look forward to coming home to a space that is both stylish and practical. Each unit’s interior is carefully thought out – lavishly furnished with designer labels such as Crestial, Duravit, Miton and Miele, and decorated with exquisite fittings that are specially imported, from bedroom to kitchen. 6 Derbyshire is definitely ideal for expatriates, individuals and couples working within the vicinity and who enjoy living a short distance away from the city.
Impressed with this property? Invest today in 6 Derbyshire!
Best Mortgage Rate Across All Banks for 6 Derbyshire
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 6 Derbyshire
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 6 Derbyshire to comfortably fit your family or planning to rent it out to families in the future and the price is at $2,680,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $66,400.
| 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 $1,680,000 | 4% | $67,200 |
| BSD Payable | $91,800 | |
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 6 Derbyshire
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 6 Derbyshire
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,680,000 |
|---|---|---|
| If 6 Derbyshire is your second residential property | 12% | $321,600 |
| If 6 Derbyshire is your third or subsequent residential property | 15% | $402,000 |
ABSD for Singapore Permanent Resident when Buying 6 Derbyshire
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,680,000 |
|---|---|---|
| If 6 Derbyshire is your first property | 5% | $134,000 |
| If 6 Derbyshire is your second or subsequent residential property | 15% | $402,000 |
ABSD for Foreigners when Buying 6 Derbyshire
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,680,000 |
|---|---|---|
| Foreigners buying any property | 20% | $536,000 |
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.
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