Special Feature

Sevens Como: Elevating Riverfront Living With Style

/ EdgeProp Singapore |

April 8, 2024 6:00 AM SGT

Perth's residential market stands out as comparatively more affordable and has attracted the attention of investors aiming for higher yields to drive their growth-focused investment strategies.

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Astute Singaporean real estate investors are eagerly eyeing growth opportunities in the Australian residential property market. Western Australia, particularly Sevens Como in Perth projects, is drawing significant attention. These projects are revitalising prime riverside neighbourhoods and sparking a resurgence in the Perth housing market.

Sevens Como is a new riverside residential development in the up-and-coming Como suburb in Perth, the largest metropolitan city in Western Australia. It is a development by Sevens Group Australia, the Australian arm of prominent local property development company Sevens Group.

While the mature real estate markets in Sydney and Melbourne have long been a source of stable wealth building for locals and overseas investors, recent indicators highlight Perth as the leading Australian housing market to catch the eye of knowledgeable investors.

Perth's residential market on the fast track

After experiencing years of price growth, the mature housing markets in Sydney and Melbourne are now showing signs of moving towards price moderation in the near future.

However, Perth's residential market stands out as comparatively more affordable and has attracted the attention of investors aiming for higher yields to drive their growth-focused investment strategies.

Sevens Como comprises nine townhouses and three apartments. There are two 4-storey townhouses and seven 3-storey townhouses. (Picture: Sevens Group Australia)

New prime residential developments in Perth typically cost 40% to 70% less than comparable projects in Sydney or Melbourne. This value proposition is even stronger for projects like Sevens Como, located near the city centre and features prime riverside views of the Swan River.

Savvy investors also see the potential for currency arbitrage by investing in Perth's real estate market. This allows them to capitalise on medium-term currency gains while enjoying the long-term advantages of a robust rental market.

Perth's housing market exhibits notable rejuvenation, particularly in neighbourhoods like Como, earmarked for redevelopment. The last time Perth's real estate market experienced such growth momentum was during the 2010s, fueled by a vibrant mining boom that kickstarted the state's economy.

Townhouses include balconies and private garden terraces that enable residents to enjoy private outdoor spaces. (Picture: Sevens Group Australia)

Western Australia faces a severe housing shortage that has reached crisis levels. The situation is exacerbated by a surge in economic activity and investment after Australia reopened its borders after the Covid-19 pandemic.

This surge in residential housing demand, coupled with a resumption of Australia's migration program, has led to an overall increase in housing demand and higher rental demand amid a tight housing supply situation in the state's property market.

Como, a rejuvenated riverside suburb

Tapping into its real estate expertise, Sevens Group identified the Como suburb to capitalise on the expected housing boom in Perth. Como is just 6km south of the Perth central business district and Sevens Como is on a prime corner plot that spans 16,000 sq ft with three street frontages.

Sevens Group is now pushing the boundaries and raising architectural standards in Perth with the development of Sevens Como. (Picture: Sevens Group Australia)

The revitalisation of Como has only been possible due to progressive and far-sighted plans by the local city council, which is keen on breathing new life into the suburb. This has been made possible by updating urban planning and city regulations that have unlocked redevelopment opportunities that were previously off-limits.

As a result, riverside neighbourhoods — including the suburb of Sevens Como — have been a focus of revitalisation efforts and the latest urban planning initiatives.

Making waves

Sevens Como comprises nine townhouses and three apartments. There are two 4-storey townhouses and seven 3-storey townhouses and units will range from 2,174 sq ft to 2,840 sq ft. Meanwhile, the one- and two-bedroom apartments range from 1,184 sq ft to 1,754 sq ft.

Each townhouse and apartment will boast stunning views of the nearby Swan River and Canning River. Additionally, every townhouse has a private garage capable of accommodating two cars.

This convenient parking arrangement allows residents to take full advantage of the extensive highway network, facilitating easy commuting into the city and exploring the broader Western Australia region. Construction of Sevens Como is set to begin in the second quarter of 2024 and wrap up by the first quarter of 2026.

The design of each unit at Sevens Como will capitalise on its proximity to the riverside, highlighting the views. (Picture: Sevens Group Australia)

Sevens Group is already significantly impacting the Perth market by introducing top-tier architectural vision and design concepts. Leveraging its successful track record in developing luxurious landed homes in Singapore, Sevens Group is now pushing the boundaries and raising architectural standards in Perth with the development of Sevens Como.

The architectural vision of Sevens Como takes inspiration from the striking natural beauty of the Swan River. The gentle, rhythmic flow of the river's waves has inspired the curved and geometric design elements that define the project's aesthetic.

The project emphasises a love for nature, with soft and natural tones, lush landscaping and spacious interiors that offer river views. Townhouses include balconies and private garden terraces that enable residents to enjoy private outdoor spaces, promote good airflow and plenty of natural light thanks to large floor-to-ceiling windows.

Townhouses are a rare and luxurious choice in Como, where most housing developments consist of low-rise apartment blocks. Townhouses provide an ideal landed lifestyle with spacious living areas that mimic those of a traditional home. Additionally, they offer the security of residing in a gated community, with access to a full range of city council amenities and services.

The grand unveiling of Sevens Como will take place over the weekend of April 13th and 14th at Seven's Group first ever global sales seminar at 31 Joo Chiat Place, Singapore 427755. To register your interest, please contact the developers sales representatives.

Yuka 8488 7777

Leonard 8585 7777

Sharifah 8866 7777

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