FOR SALE: 4+1rm, Yong An Park, 3434sqft, River Valley, Somerset MRT, District 09.
Tenanted Apr 2010 at $14,100.
Pool facing, away from the road and noise, very breezy and it has a nice view of Orchard Road buildings.
No blockage.
BANK VALUATION:
$4.5million by UOB and SC.
WHY INVEST IN YONG AN PARK:-
1. Selling below Bank valuation of $5million
2. Tenancy is able to cover bank loan. The tenancy is until Apr 2010. By then when I.R. opens, rental should be more stable & result in even better yield return.
3. Big land size of 400,000sqft. This is a selling point for D9 where in most of the new launches, the land sizes are much smaller.
4. High capital returns of 24.45% with potential future enbloc. Take a conservation $2400psf, Yong An Park will fetch a annual capital return of 24.45%
5. Rare to find built-in area of over 3000sqft in D9.
6. Current market asking price: Highest $1625psf. Lowest $1285psf
Please call mobile: (+65) 8200-6042 or email:
laurence_wong@hotmail.comThanks.