Daintree Residence Review
The market for new launch condo sales is very HOT.
Units are flying off showflats everyday, since the end of circuit breaker, more than 500 units of new launch condos are sold.
Daintree Residences is my review today. This project has sold many units since end of circuit breaker, in June 35 units sold, in July todate already 42 units are sold out of this 327 units project.
Why is it moving so fast in District 21. There has been a few new launch sites in Bukit Timah area
· Mayfair Gardens, 99 LH
· Mayfair Modern, 99 LH
· View at Kismis, FH
· Fourth Ave Residences, 99 LH, Dist 10
· Royal Green, FH, Dist 10
· The Linq @ Beauty World (not launch yet)
· Forrett @ Bukit Timah (not launch yet)
Daintree Residence is a 99-year leasehold condominium developed on a GLS Govt Land Sales site.
This GLS attracted many bidders and it was won by Setia, with a highest bid of $265 million or $939 psf, an estimated breakeven price of around $1500.
Daintree Residence is located along Toh Tuck Street off Jalan Jurong Kechil, Upper Bukit Timah in District 21.
This 99 year Leasehold project sits on a 201,511 square foot area, quite a big space for 327 residential units
Daintree Residence is a short walk away from Beauty World MRT station that serves the Downtown Line 2 and it has many shopping complexes such as Bukit Timah Shopping Centre, Beauty World Center and Beauty World Plaza nearby.
For nature lovers, Daintree is also very near to Bukit Batok Nature Park and Bukit Timah Nature Reserve.
Daintree Residence is also closely located to many amenities such as Bukit Timah Market and Food Centre, as well as the rows of eateries F&B along Cheong Chin Nam Road.
Supermarkets are available with NTUC in Bukit Timah Plaza and GIANT in Beauty World Centre.
For schools, we are nearest to Pei Hwa Presbyterian Primary School, and Bukit Timah Primary School which are within 1km. Ngee Ann Poly, SUSS, SIM, Singapore Poly and NUS are all within short drive from Daintree Residence.
Daintree Residence will have 327 units and consisting of
- 22 one-bedrooms,
- 182 two-bedrooms,
- 114 three bedrooms and
- 9 four bedrooms.
Here is an overview of the Daintree Residence project’s information.
Rentability of Daintree Residence
After analyzing the surrounding old resale condos, we check out the rental amount of 1 and 2 bedroom units
Based on past records, 1 Bedroom can get around $1950 for new condo, if we use this rate to calculate gross rental yield for a 1Bed unit #02-65, costing $930,720, 549 sqft, it will be 2.5% gross yield
But for a 2Bed unit #02-03, costing $1,165,700, for 678sqft, the rental yield based on $2,800 we will get at least 2.8%.
Bukit Timah area is very close to Bukit Batok, and Jurong business area, so it should have good rental potential from these sectors.
We also did a comparison of prices of 1Bedroom units among the old resale condos as well as the recently launch projects
Currently Daintree 1Bedroom unit, #02-65 is only asking for $930,720 or $1695 psf, our 2Bedroom unit #02-03 is only asking for $1,165,700 or $1719psf
The Key Selling Points of Daintree Residence
The close proximity to the Downtown Line MRT, D15 Beauty World Station, is definitely a plus for Daintree Residence. It is only 600 metres away or about 7 mins slow walk.
With this downtown line MRT route, it allows residents to travel very quickly, seamless connectivity to town.
To CBD Raffles Place in 24 mins, 11 stations with 1 change at Bugis to Red line.
To Orchard in a fast time of 18 mins or 7 stations with a change at Newton to Red Line.
Bukit Timah is famous for having many good schools, and being in Daintree, it allows close proximity advantage for Pei Hwa Presbyterian Primary and 2km within Methodist Girls School.
For those we enjoy nature and exercise, King Albert Park’s greenway corridor is a good place to run or cycle along the park connector. Bukit Timah nature park is also within walking distance , and Bt Batok Nature Park offers a panaromic view of Guilin Park too.
If you have seen the other project developed by SETIA, Eco Sanctuary, you will agree that this developer pays a lot of attention to landscaping.
You will also find this coming true in Daintree Residence, first we have an astounding feature that links several blocks with a TreeTop walk, about 330 meters in length.
The treetop walk allows you go to any of the 12 towers via the roof as they’re all connected. This will give you a grand view of the surrounding area of landed and condos.
There are so many facilities designed to entertain the residents and guests.
Besides being able to enjoy the panoramic treetop walk, you could plan your activities such as working out at a fitness station, yoga deck, alfresco pavilion, star gazing garden, and a cabana bar. The tennis court is located on the rooftop of Tower 11A, a rather cool way to play tennis.
Other than the rooftop facilities, residents of Daintree also have many facilities to choose from on the 1st level. The facilities are divided into 2 zones, namely the Valley Wing and Rainforest Wing.
The Valley wing will comprises of facilities for residents to relax and get some “me” time. You will find spa beds, an infinity pool, sun lawn, and a verdant garden, etc.
The Rainforest wing are for the active ones who want to get workout. It has a 50-meter leisure pool, a gymnasium, an aqua gym, and steam rooms.
Developer of Daintree Residence
The developer of Daintree Residence is S P Setia Bhd Group, a public-listed company in Malaysia, their Singapore office is in Harbourfront Tower 1.
Their current tagline is “We’re constantly improving ourselves to bring you only the freshest developments”
It started out as a construction firm back in 1974, and only in 1996 it change its focus to real estate development.
Besides real estate, S P Setia is involved in wood-based manufacturing, trading, and infrastructure.
Globally, the group has established itself in Singapore, Vietnam, Japan, Vietnam, China, and even the United Kingdom.
S P Setia, made their debut in the Singapore market in 2012 with their launch of 18 Woodsville, in Potong Pasir. Since that debut, the group has continued to assert their confidence in their investments, their subsequent project was Eco Sanctuary in Bt Panjang.
Daintree Residence Unit Types
Daintree Residence Unit Types
Daintree Residence has a total of 327 residential units spread over 11 blocks of 5-storey high.
My personal favourite stack to buy is stack 46. It is the unit that is furthest apart to the opposite unit, faces the pool, can see the full pool view, unit is NS facing.
Unfortunately it is not released yet, but we expect the price to be slightly more premium , as it is also the biggest 1Bed at 560 sqft.
In my opinion I think Stack 56 and 57 are the best 2Bedroom stacks as it is pool facing and the windows are facing East. Definitely bright unit yet no afternoon sun. Only 2 units of each stack is left.
The other 2 Bed worth considering is stack 30 which is near the arrival hall. Windows faces out to North, Will not have afternoon sun too.
The other 2 Bedroom units will have either slanting or direct afternoon west sun.
Most of the 3Bedroom face pool or opposite to other blocks.
I would like to recommend Stack 25 for 3 Bed as it is a NS facing unit, no afternoon sun. Definitely bright and windy. Faces the entire pool view. Only 3 units of this stack is left. #02-25 , Size 1055 sqft is $1,828,260 or $1733 psf only.
The 4 Bedroom units stack 22 and 26 are both equally good, windows face out to North, no afternoon sun. Should be windy and bright. I like the design
as the Junior Master is just outside the private lift, you can partition it up
and make it into a dual key unit, and can rent out a junior master unit.
In Daintree Residence, the developer has paid special focus on the interiors of the unit.
Height of room and living room are 2.9 metres, relatively high for condos.
The living room & dining area is done up with compressed marble, the bedrooms are fitted with engineered wood flooring and the bathroom uses homogenous tiles.
Built in wardrobe is provided with shelves and drawers in melamine
All the appliances and equipment provided are of good quality brands.
- Kitchen appliances from French brand, De Dietrich, which is popular amongst chefs.
- Sanitary wares from German brand Duravit , and all taps and shower Hansgrohe
- Smart Home system complete with Gateway with IP Camera, Digital lockset and WIFI doorbell
Personally, I feel that the proposed architecture is brilliant and low-density living is suitable for people who appreciate privacy and exclusivity.
This design really make Daintree stand out among the competition.
Daintree Residence Price Guide
This table shows the available unit type now and its pricing as at 19 July 2020
The attractive and reasonable price point
A quick comparison of other new launch in Dist 21 or 10, Bukit Timah Area
If the price is the biggest concern for you, then you can be assured that Daintree Residence is competitively price and the lowest among the new launches here.
From an investment point of view, there will be potential growth or capita gain for Daintree Residence from new development in this area.
There is plan for a upcoming Integrated Transport Hub at the Beauty World area. This hub will bring along many commuters and help to hype out this area.
Conclusion
So is Daintree reasonably priced ? Is it a good buy in 2020 ?
If you are still hesitating in selection of a unit in District 21 Bukit Timah area, I can assure you that the 2 new launch in Bukit Timah namely Forrett Residence and The Linq at Beauty World will be very much higher price.
Because they are freehold and it is on enbloc land that was bought at a high price.
If you desired a beautiful place that is well designed and look gorgeous, then Daintree is for you, because the proposed architecture is brilliant and and it is low-density thus giving you more privacy.
Just look at the pros and cons summary and you will agree that Daintree is a good choice.
Pros
- Close to Beauty World MRT station
- Low density residential enclave – offers privacy & exclusive living
- Designed with many condo facilities
- Efficient and functional layouts
- Easy access Major Expressways PIE , BKE
- Attractive entry price, with good rental demand
- Many amenities nearby, supermarket, shopping, F&B
- Near Good Schools
- Reputable Developer
Cons
- 99 years leasehold in an area with many freehold or 999 projects.
If you still have queries or do not know how to choose an unit, do contact me on my mobile, 9109 2177 or if you are still unsure about buying a property now and would like to do a financial evaluation before deciding pls do contact me and book an e-appointment with me and we can discuss on ZOOM or in person.
Rick Fok is a realtor with OrangeTee & Tie Pte Ltd. He has been in this real estate business for 10 years. He is very focus in helping his clients rent properties and he does help many customers to buy new projects according to their needs. His interest include sports such as running and soccer besides just real estate work. He loves to connect with people to discuss properties related issues and gets enormous satisfaction in helping them fulfill their needs
If you have any queries on this topic or other , please do give Rick a call and he can arrange for a discussion over a cup of coffee.
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