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RoyalGreen: A Freehold Resort-style Sanctuary Nestled in District 10

Ohmyhome

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What comes to mind when you hear the words royal green? Grand and posh? Glorious and luxurious? There’s no denying that those words are fitting to describe this upcoming property that is within the Good Class Bungalow enclave. Developed by Sky Top Investments Pte Ltd, this freehold condominium is nestled in District 10, part of The Bukit Timah Collection by Allgreen Properties, where investment potential is high.

4 Reasons to Choose RoyalGreen 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.

The expected date of legal completion for RoyalGreen is 2025. We can estimate its monthly rent by exploring nearby condominiums which are closeby. The monthly rental of a two-bedder in Fifth Avenue Condominium can go up to $5,300 while Sixth Avenue Ville is $3,600 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 proximity such as the Holland Village Extension and Greater Southern Waterfront.

2. Higher Tenant Demand

In 2019, there are 2% more foreigners which contributed to the private property rental market.

The Holland Village Extension which was awarded to Far East Organization for its development is expected to be completed in the second quarter of 2025. Besides the new apartments, you can expect “a 10-storey serviced apartment tower and five levels of office space above the retail/F&B space” and “dual office/residential units as a component of the office space” according to Far East Organization executive director of property services Augustine Tan in an interview with The Business Times.

3. Increase in Property Prices

What factors may contribute to these competitive rental and sales rates in and near RoyalGreen?

Transportation and Accessibility

RoyalGreen is easily accessible by both personal and public transport. Walking to Sixth Avenue MRT Station on the Downtown Line takes about five minutes. From there, it’s easily accessible to Singapore Botanical Gardens, Marina Bay Financial Centre, Newton MRT Interchange and Stevens MRT Interchange. You can also drive to Orchard Road and Tanjong Pagar in less than 15 minutes and Central Business District in 18 minutes.

Future Developments within and near District 10

According to URA’s Draft Master Plan 2019, Bukit Timah will soon undergo a green transformation with the planned Bukit Timah-Rochor Green Corridor that connects Singapore’s three national gardens: Singapore Botanic Gardens, Gardens by the Bay, and Jurong Lake Gardens.

This Master Plan also includes a 24km Rail Corridor (scheduled for completion in 2021) that’s highly accessible and connected to heritage, recreational and business areas and a 1.4km elevated linear park just at the doorstep of Royalgreen, that will run above the Bukit Timah Canal and stretch from Rifle Range Road to Sixth Avenue.

Lawrence Wong, Minister for National Development, announced the CBD Incentive Scheme at the launch of the Draft Master Plan 2019. There will also be a new Dover Knowledge District, a mixed-use site that is meant to be an extension to one-north, suited to technology companies, as they prefer a more campus-like environment. The old Pasir Panjang Power District will be turned into the Greater Southern Waterfront, a heritage and lifestyle hub. All these places are less than 20 minutes away from RoyalGreen.

Healthcare

Rest assured, your health needs will be well taken care of with Gleneagles Hospital (five-minute away), Concord International Hospital (nine-minute away) and KK Women’s and Children’s Hospital (13-minute away) being closeby.

Education

RoyalGreen is great for both local and foreign families with children as there are plenty of prestigious schools nearby. Nanyang Girls’ High School, Methodist Girls’ School (Primary & Secondary), National Junior College, Hwa Chong Institution, Raffles Girls’ Primary School and Nanyang Primary School are and within the 2 km radius. There is also a host of international schools nearby including the Swiss School, the Hollandse School, and the Singapore Korean International School.

4. Perks for Own Stay

You will forget about whatever’s on the outside when you step into RoyalGreen. It’s an instant escape to a private sanctuary with lush canopies of young forest trees and a forest grove courtyard. At the roof, you can view the glitzy District 10 neighbourhood, have a friendly tennis match on the court, an intimate gathering at the gourmet pavilion, and relax at the hammock garden.

Besides that, other amazing facilities include a 50 m lap pool, a separate children’s pool and spa pool. The clubhouse is right beside it, and it comprises the gym, function, party and reading rooms. You can take your mind off things and go into relaxation mode by indulging in the reflexology deck, meditation pavilion, or simply just get closer to nature at the garden pavilion.

For grocery shopping, all you need to do is take a short drive to various malls like Raffles Holland V Mall, Holland Road Shopping Centre, Holland Piazza, Coronation Plaza, The Star Vista and Rochester Mall. For your next splurge, head down to the Orchard Shopping Belt (15-minute drive) where various designer boutiques are.

Food options are endless! There’s Gurthie House (two-minute drive), The Grandstand (two-minute drive), Bukit Timah Market & Food Centre (three-minute drive), Greenwood Avenue (five-minute drive), Adam Food Centre (five-minute drive), Holland Village (six-minute drive), Dempsey Hill (seven-minute drive) and Robertson Quay (15-minute drive).

Going outdoors with your family and friends? Head down to the Botanic Gardens (five-minute drive) and Bukit Timah Nature Reserve (six-minute drive) for picnics and fun-filled outings amongst the flora and fauna. Golfers will be pleased to know that Tanglin Club is a mere 10-minute drive away.

RoyalGreen units range from two to four-bedroom units, making it an ideal choice for any individual or family, whether local or foreign. Located conveniently near the MRT, major expressways, good schools and city area – it’s a home worth investing in, for your loved ones and future generations to come.

Have we captured your attention? Invest today in RoyalGreen!


Best Mortgage Rate Across All Banks for RoyalGreen

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 RoyalGreen

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 RoyalGreen to comfortably fit your growing family or planning to rent it out to families in the future and the price is at $2,840,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $98,200.

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 $1,840,000 4% $73,600
BSD Payable $98,200

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 RoyalGreen

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:

  1. Singapore Citizen (SC) buying second, third and subsequent residential property
  2. Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
  3. Foreigners or entities buying any residential property

ABSD for Singapore Citizens when Buying RoyalGreen

Here’s the ABSD amount you are required to pay if you are an SC:

Property Ownership ABSD Rate ABSD Amount from Price $2,840,000
If RoyalGreen is your second residential property 12% $340,800
If RoyalGreen is your third or subsequent residential property 15% $426,000

ABSD for Singapore Permanent Resident when Buying RoyalGreen

Here’s the ABSD amount you are required to pay if you are an SPR:

Property Ownership ABSD Rate ABSD Amount from Price $2,840,000
If RoyalGreen is your first property 5% $142,000
If RoyalGreen is your second or subsequent residential property 15% $426,000

ABSD for Foreigners when Buying RoyalGreen

Here’s the ABSD amount you are required to pay if you are a foreigner:

Property Ownership ABSD Rate ABSD Amount from Price $2,840,000
Foreigners buying any property 20% $568,000

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!

Call 6886 9009 now!

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