Log out

You’re logging out from your Ohmyhome account. Continue?

Log out Cancel
Chat With Us

Uptown @ Farrer: A Scenic Oasis Located Only Minutes Away from the City in District 8

Ohmyhome

Ohmyhome

Written by: Marissa Saini

Looking for a home that strikes the perfect balance of peaceful heartland living while just minutes away from everything the city has to offer? Enter Uptown @ Farrer, the mixed-use development that truly encompasses the best of both worlds. Located just beside Farrer Park MRT Station, it’s safe to say that this private residential project by Low Keng Huat (Singapore) Limited should top your list of property investments that are worth a closer look.

4 Reasons Why Uptown @ Farrer is the Right Choice 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.

This bodes well for landlords, considering the strategic location it’s at, which will attract healthy tenant demand from those working in the Central Business District (or simply known as “CBD”). It makes up the cluster of glittering office buildings you’ll find in Downtown Singapore that stretches from Raffles Place to Tanjong Pagar, Chinatown and the Marina Bay area.

2. Higher Tenant Demand

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

Uptown @ Farrer will be an attractive living option for those looking for a property that’s located near the CBD yet still reasonably priced (read: without the premium price tag). Imagine not having to endure a long commute to work again, with Raffles City (4-minute drive), Shenton Way (6-minute drive), Raffles Place (6-minute drive) and Marina Bay Financial Centre (7-minute drive) closeby to your home.

3. Increase in Property Prices

What factors may contribute to these competitive rental rates and an increase in property prices in and near Uptown @ Farrer?

Transportation and Accessibility

What Uptown @ Farrer provides in spades is its unbeatable accessibility. With Farrer Park MRT Station right around the corner, hopping on the train will get you to Little India in just one-stop. From there, it’ll easily connect you to the Downtown Line, which will get you to Bugis, Promenade (Suntec City) and Bayfront (Marina Bay Sands) in minutes.

Driving from place to place from Uptown @ Farrer is also conveniently located near to popular shopping malls like Mustafa Centre (fun fact: it’s open 24/7!), Bugis and the world-famous Orchard Road shopping belt. Get to the city with ease through the Central Expressway (CTE) and Upper Serangoon Road.

Future Developments in North-East Region

Exciting projects are in the pipeline for the town of Serangoon. According to URA, there will be new offices and industrial developments at Serangoon Central to bring more employment opportunities a lot closer to home.

Healthcare

Its outstanding location doesn’t just stop at it’s proximity to business hubs and shopping centres. Enjoy peace of mind knowing that renowned hospitals such as Mount Elizabeth Hospital and KK Women’s and Children’s Hospital (KKH) are within reach.

Education

When it comes to being near the best schools, Uptown @ Farrer doesn’t fall short either. Parents, you’ll find Hong Wen School, Farrer Park Primary School, and Stamford Primary School within 1km of the property. Other prestigious schools such as Anglo-Chinese School (Junior), St. Margaret’s Primary School, St. Joseph’s Institution (Junior), and universities like Singapore Management University (SMU) and LASALLE College of the Arts are just a few minutes away by car.

Perks for Own Stay

Indulge in the high life when you and your family live it up in Uptown @ Farrer. Equipped with a glistening lap pool and spa pavilion (for the grown-ups) and a Kids’ Water Play area (for the little ones), there’s so much fun to be had without leaving your home. Need a little breather? Cosy up in the ever-serene Magnolia Lounge.

Expected to TOP in 2022, you’ll need not wait long to move into this centrally-located condominium. Exclusive projects in District 8 like the Uptown @ Farrer just goes to show that you need not live in the Core Central Region (CCR) to enjoy luxurious city-living.

Found your dream home at Uptown @ Farrer?

Best Mortgage Rate Across All Banks for Uptown @ Farrer

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 Uptown @ Farrer

Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.

Units at Uptown @ Farrer fetch prices that range from $1,800 to $1,900 psf. If you opt to buy a three-bedroom unit at Uptown @ Farrer to comfortably fit your growing family or planning to rent it out to families in the future and the price is at $1,320,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $37,400.

Market Value of the PropertyBSD RateCalculation
On the first $180k1%$1,800
On the second $180k2%$3,600
Next $640,0003%$19,200
Remaining $320,0004%$12,800
BSD Payable$37,400

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 Uptown @ Farrer

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 Uptown @ Farrer

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

Property OwnershipABSD RateABSD Amount from Price $1,320,000
If Uptown @ Farrer is your second residential property12%$158,400
If Uptown @ Farrer is your third or subsequent residential property15%$198,000

ABSD for Singapore Permanent Resident when Buying Uptown @ Farrer

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

Property OwnershipABSD RateABSD Amount from Price $1,320,000
If Uptown @ Farrer is your first property5%$142,000
If Uptown @ Farrer is your second or subsequent residential property15%$426,000

ABSD for Foreigners when Buying Uptown @ Farrer

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

Property OwnershipABSD RateABSD Amount from Price $1,320,000
Foreigners buying any property20%$264,000

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 BSD, ABSD, 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!

Our finest insights you'll be looking forward to receive.

Our finest insights you'll be looking forward to receive.

Read by 200,000 Homies. Enter your best email below to join in.

Read by 200,000 Homies. Enter your best email below to join in.

Unsubscribe anytime.

Unsubscribe anytime.

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

or

Contact us your way

Talk to us today. Available daily 9 AM to 9 PM (GMT +8)

Our finest insights you'll be looking forward to receive.

Read by 200,000 Homies. Enter your best email below to join in.

Unsubscribe anytime.

SHARE WITH YOUR FRIENDS!

Featured Blogs

Highlighting unique property views for every Singaporean