It is very important to invest with confidence and have a peace of mind, when you buy your private residential condo. When you buy a home it has to be well-designed and in a superior location, and it must also offers value and quality workmanship, all these can be found in Garden Residence
Garden Residence Project Details
Garden Residences is jointly developed by WING TAI and Keppel Land, two renowed developers in Singapore.
Garden Residences is located in Serangoon North Ave 1, District 19. It overlooks the private estate of Serangoon Gardens – one of Singapore’s most well-known and loved suburban neighborhoods with lots of food and amenities.
This upmarket low rise private housing neighbourhood of Serangoon Gardens is a home to a wide array of good restaurants, cafes, pubs, and food centres and wet market.
If you prefer hawker food, there are 2 hawker centres, namely Serangoon Garden Market and Chomp Chomp food centre as well as many coffee shops around the roundabout.
The Garden Residences, is a 99-year leasehold residential project.
It is located within the established neighborhood of Serangoon Gardens. The total site is 17,189.1 sq m comprising of five 15-storey towers yielding 613 units, from 1- to 5-bedroom residences.
All 5 blocks are arranged in a North and South orientation to give maximum natural air flow ventilation, and to give unblocked views into the condo’s landscaped gardens and its surrounding estate.
The expected TOP date will be in Aug 2021 , construction is almost ready.
As seen from the siteplan below, almost all the units are arranged in a North South orientation to allow maximum wind flow into unit, as well as to position the condo to face the surrounding landed enclaves.
Accessibility & Convenience
It is only a short drive away to CTE, PIE & KPE, so travelling from Garden Residence to anywhere on the island is a breeze.
For residents who don’t drive , you can enjoy a free one-year shuttle service to and from Serangoon MRT station, a NE & Circle Line interchange station. From NEX , one of the biggest and busiest malls in Serangoon area, you can also board a bus from the Bus Interchange.
And in 2029 is the Cross-Island Line (CRL), will open its first phase and there will be a Serangoon North MRT station which is just 500 metres walk away from the condo.
Education Centres
Some of the best education centres are very near to The Garden Residences.
From local to international schools, many educational institutions are located nearby.
Schools that are within the 1-2 km distance include
- Serangoon Garden Secondary School
- Bowen Secondary School
- Rosyth School
- Xinmin Primary & Secondary School
- Monfort Junior & Secondary School
- Serangoon Junior College
- Zhonghua Primary School
- Peicai Secondary School
International Schools that are nearby include
1) Dimensions International College (Main campus school of preparatory)
2) Lycee Francais De Singapour
Nearby Amenities
Living in Garden Residences is just like living in Serangoon Gardens. There will be a sidegate at the back that leads out to Lichfield Rd, and you can walk to Serangoon Gardens in 5 minutes.
You can enjoy seafood at Jumbo , Serangoon Gardens Country Club.
Or You can enjoy the hawker centre Chomp Chomp or the fancy restaurants around the roundabout or head down to MyVillage in Serangoon Gardens for pubs , food or grocery.
The free shuttle bus will take you to Serangoon MRT which is at NEX shopping mall. This is one of the busiest malls in Serangoon and you can find lots of shopping, F&B and recreational activities in this mall.
Alternatively, you may just take 2 stations ride Circle Line to Bishan Junction 8 to do your shopping or catch a movie.
Garden Residences Facilities
Garden Residences tag line is Your home in the Gardens.
Garden Residences was crafted from a vision of a home set within blooming gardens, designed with nature and balance.
Your home at The Garden Residences offers a holistic environment for your family’s well-being.
It comes with a boardwalk and community garden with over a hundred different species of flora, with plenty of air-purifying trees and plants to also promote a calm ambience for the ultimate relaxation.
Most of the tower blocks are designed to maximise unblocked views of Serangoon Gardens estate from most of the units.
You can simply stroll along the Boardwalk to enjoy the trees and plants or you can relax at the many pavilions alongside the Boardwalk. Enjoy the landscaping, marvel at sculpted landscaping and beautiful water features that were handpicked to create garden homes.
There is a holistic mix of 55 luxurious facilities designed to invigorate the body, relax the mind, and to help you to completely unwind.
You can stir up your senses at the rejuvenating Hydrotherapy Pavilion, or whisk away to a world of relaxation at our Floating Pods and Swim-Up Spa.
Enjoy Japanese style relaxation at the Garden Onsen, or laze up in the Tree Hammock.
Indulge in the Reflexology Garden, or centre yourself in the meditation pavilion while enjoying the calming trickling of water features.
Treat your friends to an unforgettable al-fresco meal at the various outdoor dining facilities, or you can engage a professional chef to whip up a meal at our Gourmet Kitchen.
If you have pets, you can spend a day at the Community Garden or take your furry pals out for a day of bonding at the Petscape.
You can work out at our 75m Swimming Pool, or in the Aqua Gym, or keep fit at the 24- Hour Gym that overlooks the pool, and other outdoor 3G Fitness areas.
Good Rental Yield
There are currently not many nearby residential condo rentals to do comparisons
The best comparison is Kensington Park Condo, but it only have big units .
If we compare a 3Bedroom unit there, rental is $3700 per month.
The cost of this 3Bedroom if bought from developer in 1997 is only $920,000 but a resale unit bought in 2012 is $1,200,000
Lets use $1,200,000 as the cost, then rental yield is at 3.7%
For 2 Bedroom units we have to use other smaller projects nearby such as One Rosyth, 3@philips or Rosyth Residence. The average rental is at $2,400 per month.
If we take 3@Philips 2018 resale transaction of $870,000 for a 2bedroom unit, then the calculated rental yield would be 3.3%
Or if you take Rosyth Residence resale in 2011, the 2bedroom 1033 sqft bigger unit cost $888,000 and the calculated rental yield would be 3.2%
Rental in this area is very healthy and units moved very fast. Still have a relatively strong demand here mainly from tenants prospects who worked in AMK industrial area or Paya Lebar Industrial area.
For Resale growth prospects, Kensington Park 3 Bed units, no resale of smaller units in 2020, only 1 done in 2019 for 1485sqft unit was $1,650,000 , versus initial developer sales at only $808,000 in 1996, that was a 200% increase. Or against a recent purchase in 2012 for $1,470,000, they managed to achieve 12% growth over 7 years.
With a few more possible land sales for new condo development, we see potential growth prospect for Garden Residences.
Conclusion
Comparing Garden Residence with another new launch nearby AFFINITY which was the previous Serangoon Ville, we find the appeal for Garden Residence is better.
First, Gardens Residence will TOP in 2021 vs Affinity in 2024, earlier means better rental income and better returns
Secondly, the current sale price of Garden Residence is better than Affinity now for smaller units.
Thirdly, Gardens Residence is developed by Wing Tai and Keppel Land, the quality of finish is definitely superior and the layout is also more useable.
If you are in the midst of selection, do contact me for a preview of Garden Residence unit, and let me show you why this is definitely worth buying.
You can whatsapp me at 9109 2177 or fill in a calendly appointment. Thank you
