Always wanted to live near the city while being in a culturally rich neighbourhood? With Sturdee Residences, you can. Developed by Sustained Land Pte Ltd, this 99-year leasehold condominium in District 08, is located in the heart of a rejuvenated precinct that stretches from Jalan Besar to Kampong Glam, Ophir and Rochor. Although existing areas are being rejuvenated, the heritage places found there will be retained such as the area’s sporting heritage.
4 Reasons to Choose Sturdee Residences for Your Next Property Investment:
1. Rental Price Increase
Singapore’s overall rents for condos in the Rest of Central Region (RCR) increased by 2.8% and the country’s rental prices increased on a year-on-year basis as of Q3 2019.
The monthly rental of a 3-bedroom apartment in Sturdee Residences can go up to $5,100 while the nearby condominiums, Sturdee View is $4,000 and Kerrisdale is $4,500 for the same number of rooms. This is definitely good news for landlords, considering its strategic location and the number of upcoming developments within proximity such as the Ophir-Rochor corridor.
2. Higher Tenant Demand
In 2019, there are 2% more foreigners which contributed to the private property rental market.
The Ophir-Rochor corridor will be a mixed-use district featuring offices, hotels and residences, connecting the established commercial node at Marina Centre to future developments along Rochor Canal and Bukit Timah Canal. More offices equals more job opportunities which results in the increase need for housing.
3. Increase in Property Prices
What factors may contribute to these competitive rental rates and increase in property prices in and near Sturdee Residences?
Transportation and Accessibility
Farrer Park MRT Station is only five minutes away from Sturdee Residences. Being on the North East Line, it is connected to both Downtown Line (one stop to Little India) and North South Line (two stops down to Dhoby Ghaut).
If you’re on the road, the Central Business District is a six-minute drive via the Central Expressway (CTE). There is also a bus stop close to the development, with routes serving many areas of the island.
Future Developments within Jalan Besar / Rochor
The places that will be retained will be integrated with future housing so the community can bond over sports and recreational activities. They consist of Farrer Park Swimming Pool (which was former national swimmer Ang Peng Siong’s eponymous swim school), Farrer Park boxing gym (where former Olympic boxer Syed Abdul Kadir was trained) and the sports field (where football legends, Dollah Kassim, Quah Kim Song and R. Suriamurthi, were groomed).
Jalan Besar is also undergoing a transformation and will emerge as an urbanised district by 2020.
Joining the Ophir-Rochor corridor, Guoco Midtown (estimated date of completion is first half of 2022) is set to jazz up Beach Road. This $2.4billion project will be built into a mega mixed-use development, as a work-live-play hot spot near the Central Business District. The one million sq ft space will comprise a 30-storey office block, a residential tower with more than 200 units and a range of public spaces.
Recent developments in the area include integrated projects Duo as well as South Beach. The 42-year-old Shaw Tower (estimated date of completion is first half of 2023), next to Midtown, is being redeveloped and expanded from 260,000 sq ft to 400,000 sq ft, into a 35-storey Grade A office and retail building.
Kampong Bugis, the site of the former Kallang Gasworks plant, which borders the prime waterfront along the Kallang Basin will be transformed into a car-lite waterfront community with 4,000 homes by 2030.
Healthcare
Mount Elizabeth Hospital (eight minutes), KK Women’s and Children’s Hospital (12 minutes), Kwong Wai Shiu Hospital (13 minutes) and Farrer Park Hospital (14 minutes) are the closest healthcare institutions, which you can reach within minutes by car.
Education
Sturdee Residences is great for families with children as there are plenty of schools that are within reasonable driving distance (10-minute drive). They are preschools, primary and secondary schools such as MindChamps PreSchool, MY World @ Boon Keng, Farrer Park Primary School, Stamford Primary School, Bendemeer Secondary School and Northlight School.
Colleges and universities such as Singapore Management University, SOTA School of the Arts, LASALLE College of the Arts and Nanyang Academy of Fine Arts and PSB academy can also be found closeby.
4. Perks for Own Stay
Sturdee Residences has a myriad of amenities such as a 50m swimming pool, kids pool, jet swimming pool, cabanas, running route, gymnasium, kid’s playground, clubhouse, barbeque deck, steam room, health spa deck, and many others.
Grocery shopping is super convenient with NTUC Fairprice supermarket (five-minute walk) just a stone’s throw away and seven other grocery stores nearby including a 24-hour I-Tec Supermarket and Everyday Mart. Mustafa Centre, a tourist and local attraction, is a nine-minute walk away. It’s a 24-hour mall that covers everything from poultry to electrical appliances.
There’s no reason to go hungry as food establishments are aplenty. You can choose to dine at nearby hawker centres (Berseh Food Centre and Bendemeer Market & Food Centre) and malls within the vicinity such as City Square Mall, Paya Lebar Square, One KM Mall, Kallang Wave Mall, Leisure Park Kallang, Bugis+, Bugis Junction, Raffles City, Suntec City and Marina Square.
Sturdee Residences’ units range from one to five-bedrooms, making it an ideal choice for individuals working in the CBD or families with children who are in primary, secondary or tertiary education level. Located next to Farrer Road MRT and major expressways, you can get to any place in Singapore via public or personal transport quite easily. It is for those who want to live near the city but safely away from the hustle and bustle so they can enjoy the peacefulness of the neighbourhood.
Have Sturdee Residences piqued your interest?
Best Mortgage Rate Across All Banks for Sturdee Residences
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 Sturdee Residences
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 Sturdee Residences to comfortably fit your growing family or planning to rent it out to families in the future and the price is at $1,888,888 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $60,156.
| 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 $888,888 | 4% | $35,556 |
| BSD Payable | $60,156 | |
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 Sturdee Residences
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
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Sturdee Residences
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,888,888 |
|---|---|---|
| If Sturdee Residences is your second residential property | 12% | $226,667 |
| If Sturdee Residences is your third or subsequent residential property | 15% | $283,333 |
ABSD for Singapore Permanent Resident when Buying Sturdee Residence
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,888,888 |
|---|---|---|
| If Sturdee Residences is your first property | 5% | $94,444 |
| If Sturdee Residences is your second or subsequent residential property | 15% | $283,333 |
ABSD for Foreigners when Buying Sturdee Residences
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,888,888 |
|---|---|---|
| Foreigners buying any property | 20% | $377,778 |
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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