|V on Shenton|
V on Shenton a Premiere Residential and Commercial Building in the Heart of Singapore CBD
The development of Marina Bay in 2008 and its accomplishment in renting activity, city living in Singapore finally move forward. With more completions of apartments and condos in the area, Shenton followed by other developers, the area is now an attraction to professionals and expatriates who work around the vicinity trying to find convenience back and forth from the office. These kinds of achievements will enhance the appeal of metropolis living of these future .development projects.
Those who have an eye for investment who take advantage of the first offerings are now reaping good returns for their investment. Launch price ranges in June 2006 were inside the mid-$900 psf (per sq. ft.) range. These days, prices range between $1,750 to two 2,150 psf, which represents an 84-126 % gain. For many who bought One Shenton in the launch cost of $1,850 psf 5 years ago, current costs at $2,150 psf represents a Sixteen per cent gain
This can be considered a good return, with rental rates generated for the past years initial investments is almost recovered.
Virtually all developments started around the Shenton vicinity considering the First quarter of 2010 are usually yielding good-looking market returns. Results ranged through 13.4 per cent to about 26.6 per cent. On the other hand, the URA (Metropolitan Redevelopment Authority) residence price list for the Key Central place rose simply by 13.One per cent from the same period.
Main causes are, the world thinks luxury home developments from the city would discover a wide target audience for rental fees. We offer several reasons that explain why the rental market inside the district is actually active.
Noted increase of expatriates who prefer city living. Rising number of men and women, who prefer to rent compact property?
Close proximity to some of the important offices in the business and financial district.
Easy access to highly rated meals and drink haunts close to the area.
Shenton Way dwelling therefore provides this distinct feature, involving working and playing in your doorstep. Some will say that it is fun-filled activity. Over the week-ends, the section bathes in tranquility as usual traffic migrated somewhere else.
For the athletic type, Shenton Way is located right in the running and bicycling paths to and from the Eastern and Gulf Coast. Each year, the F1 race enlivens downtown area and Shenton is just within reach from this action.
Years ago, the idea of city dwelling did not very take off, but completion of the very first high-end residential flats in 2000s change all this, since then, it increases slowly.
In just a few years of evidence, will show that Shenton Way area has outperform high end properties in terms of returns?
This trend will likely continue as supply is relatively limited, and it is possible that investing in this part of the city will benefit prospective buyers and investors with higher gain, than other well known districts.
For anyone keen on assets, one thing to be aware of is rental return. This is a common consideration for investors who earn from rentals of their units while their properties continue to appreciate.
|Property Name||V on Shenton|
|Address||5 Shenton Way, Singapore|
|Total Units||510 units|
|Developer||UIC Investments (Properties) Pte Ltd|