5 Answers

askguru expert
Hi Ms Claire Claire, thanks for writing to us on AskGuru.

Generally, private properties in Singapore do see capital appreciation after several years.

When looking at a property's potential capital appreciation, it is best to look at the overall URA masterplan which will show you upcoming plans that may enhance your property's value. They include upcoming MRT stations, economic hubs, infrastructure projects and so on. These factors will enhance the desirability of the area resulting in a positive spillover impact on surrounding properties. From the location map, it appears The Arte is located within close proximity from the upcoming Mount Pleasant MRT station under the Thomson-East Coast Line.

Based om caveats captured via URA's system (https://www.ura.gov.sg/realEstateIIWeb/transaction/submitSearch.action;jsessionid=rtdOtifV1Hwe6J7MpM58lFDZqHeNv6reEStA0Rskl8NgsOAUWNou!1880048442!620059678);, there were 40 transactions recorded from August 2017 to August 2020

The median price for properties that were transacted in 2020 was $1,386.60 per sq ft while those that were transacted in 2017 averages $1,226.33. This represents an increase of 13.1% in its median per sq ft price. Hence, URA's data showed that there has been a significant price appreciation for The Arte.

Given the current COVID-19 situation, we can expect the property market to be soft. This may result in further softening of private residential properties in the next few quarters. We advise you to follow the URA's Private Property Index here (https://www.ura.gov.sg/Corporate/Media-Room/Media-Releases/pr20-23) to monitor the property market.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

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Aaron Chong
Hi Claire, it is definitely one with a good potential upside. One of the reason being it is located in a city fringe area with just mins drive to CBD and Orchard area. I do have units for sale at The Arte currently and pls feel free to let me know if you need any assistance.

Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg Read More

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D. Kumar
Hi Ms Claire,

To be able to give you a better price perspective of this project, perhaps I can understand your requirements , objectives and finances in order to chart a financial plan to advise further. Solely looking the project , it stands out being a city fringe project with multiple upsides in terms of location and accessibility which is one to consider for home owners and potential tenants if you're seeking to rent out. Do let me know if you would need a comprehensive insights to city fringe projects and which would better enhance your property portfolio in line with your investment goals. Thank you

Visit mr website for my recent accolades and testimonials@ www.kumarrai.com.

D Kumar
+65 96659926
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

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Mark Ng S W
Hi Claire, do contact me at 97970200 to discuss more

Mark, your RIGHT choice
MCG Read More

1

Robbie Chen Chee Howe
Hi Claire,

In general, Singapore property prices will only be higher over time, albeit at a slower pace.

I would say The Arte is more suited for own occupancy rather than rental as a form investment.

This is because majority of the units there are larger in size, and the rental you fetch would like be less than 3% range.

A $100psf increase in price will translate to ard $150k-200k in pricing. With their current price in the $2m+ range, that would probably mean abt 10% increase in price.

If you're looking to purchase for own stay, then you probably will have to love the location for you to stay long enough to see the capital appreciation.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More

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