The Raintree

The Raintree is a leasehold (99 yrs from 2003) condominium completed in 2008. It is developed by CPL PLACE PTE LTD. The development occupies a land area of 16,077 sqm and a Gross Floor Area of 31,207 sqm. It consists of 315 units. According to records, buyers of this development are Singaporean 78.6%, PR 13.2%, Foreigner 7.4%, Company 0.8%.

THE RAINTREE is located along Bukit Drive in Bukit Panjang, in District 21. It is accessible through the nearest MRTs including Beauty World DT5 and Hillview DT3.

Based on transaction data in the last 12 months, sale prices range from S$ 1,306 psf to S$ 1,448 psf at an average of S$ 1,391 psf. Its highest recorded transaction was S$ 1,448 psf in Oct 2023 for a 1,335-sqft unit. Its lowest recorded transaction was S$ 402 psf in Jan 2006 for a 1,884-sqft unit. Its current rental yield is at 3.4%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, SEOUL BUTCHERY PTE. LTD., LOTTE MART PTE. LTD., and 3 Shopping Mall(s): COURTS BUKIT TIMAH, BUKIT TIMAH SHOPPING CENTRE, BEAUTY WORLD CENTRE.

Buyers and tenants are attracted to District 21, which comprises of Upper Bukit Timah, Ulu Pandan and Clementi Park. Homes at these areas are generally nestled in the green enclave of Bukit Timah Nature Reserves and Bukit Batok Town Park. District 21 is served by Clementi MRT station of the East-West Line, as well as Beauty World, Hillview, Cashew and Bukit Panjang MRT stations of the Downtown Line. Accessibility to other parts of Singapore is also enhanced due to its close proximity to the Pan-Island Expressway. As one of the oldest HDB towns in Singapore, Clementi has grown into a vibrant town with many tertiary educational institutions, such as the National University of Singapore. Clementi Town centre, a mixed-use development in the heart of Clementi, comprises of a shopping mall, an air-conditioned bus interchange, a public library and two 40-storey residential buildings. Other major amenities here include the 12ha Clementi Woods Park, the Clementi Sports Hall and Clementi Swimming Complex.

With a land area of 25,500ha, the West Region is the largest of the five regions in Singapore. Jurong East is the regional centre of the region, while Jurong West is the most populous town in the region. A large number of Singapore's heavy industry companies are concentrated in the West Region. These are mainly petrochemical companies, comprising of international players such as BP, ExxonMobil, DuPont, Mitsui Chemicals and Shell. The West Region is also at the forefront of the government's industrial development efforts. The government plans to develop the Jurong Lake District and Jurong Innovation District into the second Central Business District (CBD) area in Singapore. Additionally, the Tuas Mega Port, upon completion in the 2040s, is anticipated to be the world's single largest container port with an annual capacity of 65 million TEUs.