Come next month, there will be a rare freehold development in Eunos that will be launched. In case you have not heard, the development is called The Navian.
The Navian is a freehold 48 units boutique development located along Jalan Eunos. The Navian consists of a mixture of 2, 3 and 4 bedroom apartment and is slated to be completed by the 4th quarter of 2020.
About The Developer
The Navian is proudly brought to you by Roxy-Pacific Holdings Limited.
Roxy-Pacific Holdings Limited is an established property and hospitality group with an Asia-Pacific focus and a track record that extends back to May 1967.
Listed on the SGX Mainboard on 12 March 2008, the Group is principally engaged in the development and sale of residential and commercial properties (“Property Development”). The Group’s recurring income streams are strengthened through its flagship hotel in the heart of historic Katong, Grand Mercure Singapore Roxy, self-managed upscale boutique hotel, Noku Kyoto, in Kyoto, Japan, and other investment properties in Asia-Pacific (“Hotel Ownership and Property Investment”).
In Property Development, Roxy-Pacific is an established brand name for small to medium size residential developments such as apartments and condominiums targeted at middle to upper middle-income segments.
Between 2004 and 2016, the Group developed and launched 43 small-to-medium sized developments comprising a total of more than 4,000 residential and commercial units in Singapore, Malaysia and Australia.
The Navian is nestled in an exclusive landed residential enclave. The serene and non-cluttered surroundings will be a welcoming sight when you head home.
There is no lack of amenities nearby. Residents staying at The Navian may just cross the overhead bridge to the Kampong Ubi Estate. There are lots of eateries, convenient stalls in this mature estate.
And with less than 10 minutes travel, you can get to One KM Mall, Parkway Parade Shopping Center, 112 Katong Mall and Geylang Serai Market.
Not forgetting for parents that are planning ahead, The Navian is within 1km to in-demand primary schools like Telok Kurau Primary and Maha Bodhi.
Staying in The Navian, you will enjoy unparalleled accessibility.
You have quick access to 3 major expressways, namely PIE, ECP and KPE.
You are within 1km from 4 MRT stations. Ubi (DT27), Kaki Bukit (DT28), Kembangan (EW6) and Eunos (EW7).
There are even 2 bus-stops outside the development with more than 20 bus services to different parts of Singapore.
It will take you less than 20 minutes to reach the Central Business District or Airport.
About The Development
Here are some basic information on The Navian
The Upside Potential Of The Navian
The very fact that this is a rare freehold, brand new development in the highly sought after Eunos-Katong enclave should see high demand from both end users as well as investors.
The last major launch here was 99 years leasehold euHabitat back in 2011 (6 years ago). Singahills, the closest comparable which was launched in 2015 is all but left with 1 unit to fully sold.
There’s limited supply in the vicinity!
With recent 99 years leasehold developments (Park Place Residences) going as high as $1978psf, it is certainly a good deal if you can get to invest in a freehold property within the same region for a similar price point if not lower.
The Navian will also get to benefit from the positive spillover effect from the growth of Paya Lebar Central due to its proximity.
Is There Rental Demand?
One of the worst thing that can happen to an investor is to have a property that sits empty for months. Will there be a healthy demand for housing? We can take reference from the closest neighbour EuHabitat.
As you can see, there are a whopping 226 recorded rental transactions for the period from August 2016 to September 2017. Out of 304 total units.
The rental for 2 bedroom units looks pretty decent too!
It is believed that the 2 bedrooms units for The Navian start from $9xxK. Assuming an average entry price of $950k, collecting a rent of $2,800 per month would give you a gross yield of 3.5%. Not too shabby!
In case you are wondering who your prospective tenants are, they can be expatriates working in CBD but loves the east. Expatriates who works at Changi Business Park or the nearby Ubi industrial parks.
Reproduced from Little Big Red Dot.
Original article can be found here.