Rafflesia Condominium

Rafflesia Condominium is a leasehold (99 yrs from 1997, 99 yrs from /199) condominium completed in 2003. It is developed by BISHAN PEAK PTE LTD. The development occupies a land area of 12,304 sqm and a Gross Floor Area of 25,839 sqm. It consists of 230 units. According to records, buyers of this development are Singaporean 66.7%, PR 20.3%, Foreigner 12.1%, Company 0.9%.

RAFFLESIA CONDOMINIUM is located along Bishan Street 21 in Bishan, in District 20. It is accessible through the nearest MRTs including Marymount CC16 and Bishan CC15, NS17.

Based on transaction data in the last 12 months, sale prices range from S$ 1,312 psf to S$ 1,563 psf at an average of S$ 1,457 psf. Its highest recorded transaction was S$ 1,563 psf in Aug 2023 for a 1,324-sqft unit. Its lowest recorded transaction was S$ 301 psf in Nov 2004 for a 915-sqft unit. Its current rental yield is at 3.5%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, and 1 Shopping Mall: JUNCTION 8 SHOPPING CENTRE.

Buyers and tenants are attracted to District 20, which is comprised of Bishan and Ang Mo Kio. Bishan is home to three prestigious schools, including Raffles Institution, Raffles Girls' School and Catholic High School. It appeals as one of the most expensive HDB towns in Singapore due to its close proximity to the Central Business District and good accessibility via public transportation, with connections to both North-South Line and Circle Line. Bishan is known for its distinguishing sloped roofs found on many of the HDB Blocks. Ang Mo Kio is designated as Singapore's first walking and cycling town as part of the Singapore government's efforts to build a car-lite country. Shopping and dining options are available at AMK Hub, a suburban mall located in the heart of Ang Mo Kio. The mall is connected to Ang Mo Kio Bus Interchange, which is linked to Ang Mo Kio MRT station via an underpass.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.