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The Scala Condo @ Lorong Chuan MRT
New Singapore Condos for Sale
The Scala Condo :: Singapore Condos for Sale by Hong Leong Holdings
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The Scala condo is a new condominium development slated for preview sale in July 2010, to be completed in around 4 years time. It is expected to sell quickly, for the following reasons.
Units are very efficiently designed & compact. The low wastage means smaller floor areas are needed, which translates to lower cost. One-bedroom units start from about $5xxK. Should be able to get 3.5 to 4% rental yield.
- Next to Lorong Chuan MRT station on Circle Line
Properties within easy walking distance of an MRT station command a 15 to 20% premium over property further afield. The Scala excels in this respect - practically sits on the doorstep of the station.
Sheltered all the way from the Scala lift lobbies to the station, so you literally won't get wet. Convenient and easy to rent out.
Scala Condo Location :: New Singapore Apartments for Sale
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Condos beside an MRT station are a rarity. This one's an easy train ride to Botanic Gardens, Holland Village, One-North, Harbourfront, National Stadium, Esplanade. Serangoon interchange to North-East line & Bishan interchange with North-South line are 3 minute hops away.
A 10 minute stroll brings you to Nex Mega-Mall, with practically all the facilities you need - department stores, supermarkets, shops, banks, entertainment & food outlets, etc. Nanyang Junior College is next door. Walking distance to reputable schools like St Gabriel's Primary, Yangzheng Primary, Zhonghua Secondary.
- Investment Returns
This particular condo looks likely to be very popular with investors. Having a gate opening onto an MRT station, and being close to amenities & two international schools makes it easier to get tenants and good rental returns. Helps maintain its value, especially in downturns when tenants are harder to find.
THE SCALA CONDO LOCATION
At Serangoon Avenue 3. Lorong Chuan MRT station is on the left of the site, and Nanyang Junior College is on its right.
Google Map :: Site of new Singapore Condos for Sale:: MRT station at the left
This project comprises five blocks of 17 storey residential flats with full condominium facilities & car parks on a 99-year leasehold land of 149,374 square feet. There are a total of 468 units of 1 to 4 bedroom flats. Sizes range from 473 sqft for one-bedroom units, to just over 1,270 sqft for the 4-bedroom apartments.
PRICING OF THE SCALA CONDO :: UPDATE 02 AUGUST 2010
Prices average $1150 psf. While one-bedders (sold out by 1pm at the preview) cost from $1300 to $1400 psf, there were units that went for below $1100 psf.
Of the 468 units in the Scala, over 420 were sold within 5 days of the preview. Currently there're about 15 units left as of 11 August 2010.
The prices are roughly as follows:
. 1 Bedroom » approx. $580,000 onwards (sold out)
. 2 Bedroom » approx. $900,000 onwards (sold out)
. 2+Study » approx. $990,000 to $1.07m (still some pretty nice units available)
. 3 Bedroom » approx. $1.15m to $1.25m (a number of units still available)
. 3 Bedroom + Study » approx. $1.3m onwards (sold out)
. 4 Bedroom » approx. $1.5m onwards (2 low-floor units available)
A couple of penthouses are also available, ranging from $1.5m to 1.7m.
If you'd like to know exact pricing or units available, please call (65) 92959180 or send your query via the form below.
Just click on the images to enlarge.
Previewed on 28 July 2010. Encouraging response with over 420 units sold in first 6 days. Currently just 15 units left as of 11 August.
Open for Sale Now. If you'd like details or to see the showflat or floor plans, please call (65) 92959180, or SMS "Scala" to 92959180.
Alternatively send us the form below.