After the success of The Vales, one of the five bestselling EC projects

By City Suites / Brought to you by SingHayi Group | July 21, 2017 4:56 PM SGT
SingHaiyi is a fast-growing real estate company with access to opportunities in Asia and the US. The company is listed on the Singapore Exchange and headquartered in Singapore.
SingHaiyi develops residential properties in Singapore, where its expertise extends across both public and private residential properties. In July 2015, it launched The Vales, a 517-unit executive condominium (EC) located on Anchorvale Crescent. Completed in 2017, The Vales is located a short walk to Sengkang MRT station and Compass One, offering a home in a premium location at value price. It is also within a 1km radius of popular schools such as Nan Chiau Primary School and CHIJ St Joseph’s Convent.
It was one of the five bestselling EC projects (excluding new launches) in March and April last year, with at least 62 units sold at an average price of $790 psf.
Following the sold-out success of The Vales, SingHaiyi is now embarking on its next exciting launch, City Suites, situated on Balestier Road.
City Suites is a 56-unit freehold development, expected to obtain its Temporary Occupation Permit (TOP) in 3Q2017. Its noted city-fringe location means occupants will be able to live within walking distance of famous eateries and heritage trails, as well as being well-connected to the rest of the island via the Novena MRT station nearby and the Central & Pan-island Expressways.
What is unique about the project is that it has a wide range of one-bedroom units, which are sought-after by investors.
The project is expected to obtain its Temporary Occupation Permit (TOP) in 3Q2017, which means that buyers will be able to enjoy rental income almost immediately. The one-bedroom units come with fully fitted kitchen appliances and cabinetry, bathroom accessories, as well as a built-in wardrobe. Unit sizes range from 452 to 527 sq ft. Assuming an average selling price of $1,800 psf and a monthly rent of $2,500, investors can achieve a gross rental yield of 3.1% to 3.7%.
The developer has put a lot of thought into the design of City Suites: All the units are north-south facing and have 3.3m ceiling height. There are also four duplex penthouses with double-volume ceiling height and a loft-like bedroom. The duplex penthouses range from 925 to 1,120 sq ft. Underground parking is also available for residents.
For sales enquiries, please contact:
SingHaiyi Group
Tel: (65) 9630 0300