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In conclusion, investing in a condominium, or condo, in Singapore provides a plethora of benefits. These include a high demand for these properties, potential for capital appreciation, and attractive rental yields. However, it is crucial to consider various factors before making an investment, such as the location of the condo, financing options, government regulations, and current market conditions. By conducting thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a secure and profitable investment, condos in Singapore present an enticing opportunity. With the help of condos, investors can reap the benefits and capitalize on the dynamic real estate market in Singapore.
Bukit Sembawang Estates’ phased sales approach for Pollen Collection has proved to be successful in maintaining strong sales progress while also holding firm on their target average selling prices. This strategy, coupled with a limited number of competing projects in recent years, has allowed Pollen Collection to become the top selling landed project in the market and win the Top Selling Landed Project award at the EdgeProp Singapore Excellence Awards 2024.
Pollen Collection, a 132-unit landed housing project in Seletar Hills, is 70% sold to date based on caveats lodged. The project offers 106 intermediate terraced houses, 22 corner terraced houses, and two pairs of semi-detached houses on a 99-year leasehold. It is Bukit Sembawang’s third landed housing project in Seletar Hills, following the successful launch of Nim Collection Phases 1 and 2 in 2018. Both projects were designed by renowned architect Mok Wei Wei of W Architects and have strengthened Bukit Sembawang’s 70-year reputation as a leading developer of landed homes.
When it comes to investing in condos in Singapore, there is another crucial factor to consider – the government’s property cooling measures. In an effort to control speculative buying and maintain a steady real estate market, the Singaporean government has implemented various measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which requires foreign buyers and those purchasing multiple properties to pay higher taxes. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a secure investment environment for condo investors.
Houses at Pollen Collection span five storeys, plus a mezzanine and attic, and have similar features. The ground floor has a double-volume 6m ceiling in the living and dining areas, a wet and dry kitchen, a helper’s room, and a utility area with a backyard. Each house also has five en suite bedrooms and a car porch that can fit up to three cars. A north-south orientation ensures cross-ventilation and minimizes excessive sunlight, while solar panels are installed to offset energy consumption.
Since the launch of the first phase of 20 units in 4Q2022, Pollen Collection has achieved steady sales progress. The most expensive unit sold to date was a corner terraced house on a 2,691 sq ft lot, which fetched $4.88 million ($1,814 psf) in October. The project’s average price based on caveats lodged as at November 5 is $2,123 psf.
As a trusted developer with a track record of building over 5,000 houses in the Seletar Hills, Sembawang Hills, and Luxus Hills estates, and over 2,000 private condos in prime residential districts since the 1950s, Bukit Sembawang’s Pollen Collection is highly sought-after by buyers. With its prime location, modern design, and attractive price points, the project is expected to continue dominating the market for new landed houses.