What are the perks of living by the waterfront? You get to enjoy the tranquility of the environment, and of course, the breathtaking view. But what makes Costa Rhu stand out from other waterfront properties? It offers unrivaled connectivity to the central areas of Singapore while still maintaining a serene atmosphere. Moreover, great amenities are within reach too. Let’s find out what this 99-year leasehold condominium located at 1 to 9 Rhu Cross has to offer.
4 Reasons Why Costa Rhu Is Ideal for Families and Working Professionals:
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Costa Rhu | 99-year leasehold | 2015 | 2-bedroom 3-bedroom 4-bedroom 5-bedroom | 1,485 1,776 4,209 5,253 | $1,302 |
Costa Rhu’s impeccable design is inspired by European architecture. It is 18 storeys high and has a total of 737 units. You will be in awe of the panoramic views of the city skyline. Love a spacious apartment? Look no further, as Costa Rhu’s two-bedroom apartment goes up to 1,485 sqft. Most of the units in Costa Rhu come with marble-clad flooring in the living room, dining room, and bathrooms.
Costa Rhu offers a wide range of facilities which support an active and healthy lifestyle. You can take a dip in the swimming pools or work out at the gymnasium. Stay fit with sports like l badminton, basketball, cricket, golf, squash, and tennis at their respective courts. Planning to host parties? Not a problem; you can do so at the clubhouse or multi-purpose rooms. Planning family activities is a breeze.
2. Accessibility, Amenities and Recreational Spots
Stadium MRT Station along the CBD-friendly Circle Line is the nearest transport network, a mere 1.5km away from the condominium. You can take a nine-minute bus to the train station at the opposite bus stop. Vehicle owners, you’ll be glad to know that the Central Business District (Suntec City and Raffles Place) and Orchard Road is less than 18 minutes away.
Everything you need is right at your doorstep. Costa Rhu is a veritable mini-town complete with a restaurant, mini-mart, child learning centre, hair salon, laundry, and dry cleaning shop. However, if you’re wondering where else to dine and shop, there are several shopping malls within 1.1km, including Leisure Park Kallang (1.01 km) and Kallang Wave Mall (1.02 km). Other nearby malls include Parkway Parade, 112 Katong, Katong Shopping Centre, City Plaza, Golden Mile Complex Mall, and Tanjong Katong Complex and Shopping Centre.
Thinking about spending a fun day outdoors? Take a leisurely stroll on the walkway to Gardens By The Bay or head to People’s Association PAssion WaVe (PAWV), where there’s a range of land and water sports activities like sports climbing, abseiling, kayaking, sailing, dragon boating, windsurfing, and power boating. Love the sand, sea, and sun? East Coast Park is a short 6-minute drive away. Other places to explore on foot are Singapore Sports Hub (1.2 km) and Marina Bay Golf Course (200 m).
3. Schools and Healthcare
The development makes a great place to live for local and international families with children as there are plenty of schools within the surrounding area. These schools are all within a 15-minute drive: Dunman High School (4 minutes), Insworld Institute (11 minutes), Canadian International School (11 minutes), Stamford Primary School (12 minutes), and St. Margaret’s Primary School (15 minutes).
When it comes to medical concerns, you need not worry as driving to these healthcare institutions takes less than 15 minutes: Raffles Hospital (12 minutes), Parkway East Hospital (14 minutes), and Kallang Polyclinic (14 minutes).
4. Property Price and Future Developments
The price of Costa Rhu’s two-bedroom unit in the past three years:
- January to December 2017 – up to $1,620,000
- January to December 2018 – up to $1,650,000
- January to December 2019 – up to $1,700,000
Since 2017, the property price at Costa Rhu has been increasing. We can foresee the price rising over the years, thanks to upcoming developments like more amenities, recreational facilities, community spaces, and public transportation options.
Is Costa Rhu the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!
Best Mortgage Rate Across All Banks for Costa Rhu
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 Costa Rhu
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 Costa Rhu the price is at $1,700,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $52,600.
| 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 $700,000 | 4% | $28,000 |
| BSD Payable | $52,600 | |
Source: IRAS
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Additional Buyer’s Stamp Duty for Costa Rhu
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 Costa Rhu
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,700,000 |
|---|---|---|
| If Costa Rhu is your second residential property | 12% | $204,000 |
| If Costa Rhu is your third or subsequent residential property | 15% | $255,000 |
ABSD for Singapore Permanent Resident when Buying Costa Rhu
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,700,000 |
|---|---|---|
| If Costa Rhu is your first property | 5% | $85,000 |
| If Costa Rhu is your second or subsequent residential property | 15% | $255,000 |
ABSD for Foreigners when Buying Costa Rhu
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,700,000 |
|---|---|---|
| Foreigners buying any property | 20% | $340,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
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