8 Courtyards sold more than 200 units over the weekend, Centra Heights Previews this Week

8 Coutyards at Yishun, a joint development by Frasers Centrepoint Homes and Far East Organization, previewed last Saturday, April 16 with 202 units sold out of the 280 units released at an average selling price of $795 psf.

The property which is comprised of 654 residential units and 2 retail shops spread across 12 towers of between 14 and 15-storeys high will be officially launched on Friday, April 22.

Fission Capital’s Centra Heights meanwhile launches today, April 18.

These developments are expected to benefit from still favourable market which spurs many launches since late last year, according to experts.

“Demand and sentiment are good that’s why developers are snapping up land and developing quickly. I believe sales momentum [for new launch condominiums] will pickup gradually as long as there are no new major policy changes,” property specialist Mark Lim at Dennis Wee Group (DWG) said.

8 Courtyards, is an affordable low quantum, starting at $800 psf with good rental yield, according to DWG which markets the property.

Property specialist, Nelson Tan of DWG said that the unique selling points of 8 Courtyards lie in its location at Yishun Ave., which he describes as “quiet, green setting in the northern part of Singapore.

Mr. Tan added that while the property is a private residential enclave, one can still enjoy the convenience of a mature town.

MRT stations near to 8 courtyards include Yishun, Sembawang and Khatib, which are just 1-2 kilometers away.
During the preview sale over the weekend, Frasers Centrepoint said that 63% of the buyers were HDB upgraders and the popular unit types include 2-bedroom, 3-bedroom, and 4-bedroom, with the 1-bedroom units fully sold.

Centra Heights which has a great location at the fringe of CBD, likewise is an affordable quantum which starts at $500,000, and yet offer a good rental yields according to property consultant Adrian Lim of Huttons Real Estate Group.

“Centra Heights is the next better alternative for expats who can't afford higher rentals in CBD areas,” he said.
In terms of rental yield, a 1-bedroom unit in the neighbourhood according to Mr. Lim is at least $2500 and gives a rental yield of up to 6%.

Furthermore, the upcoming Payar Lebar Central within the vicinity gives the development further capital appreciation and higher rental yield in the future.

“With all the Financial institutions and companies shifting here in future, you will definitely see a influx of foreigners and expats and a increase in rentals and prices of properties here,” Mr. Lim said.

Centra Heights has easy access to PIE,ECP,KPE,TPE & CTE. It is Close to prestigious schools like Kwong Hwa, Tanjong Katong Girls School, Chung Cheng main School and just approximately 5-minute walk to Aljunied MRT & 8-minute walk to Payar Lebar MRT.

The five-storey residential flat 10 Shelford meanwhile offers “excellent” capital and “superb” rental yield, according to Huttons Asia Marketing Manager Candice Loh.

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