Oxley Bizhub, Water Edge, and 10 Shelford to Launch this Week

These are the last batch of new condominium launching this month as developers take advantage of the still favourable market.

Oxley Rising’s Oxley Bizhub at Ubi Road will open today, April 25 for single unit buyers after catering to multiple unit buyers over the weekend. Pinnacle Development’s Water Edge at Geylang, and Adam Properties 10 Shelford at Dunearm, will preview on April 27 and 29, respectively.

The Oxley Bizhub, which claims itself as the “first and only premium lifestyle industrial with pool and gym” is comprised of 3 podium blocks and 4 tower blocks above which house 728 commercial units.

Cheng Siew Meng, property consultant at mysingaporelaunch.com said that unit buyers will give their respective companies the “best corporate image” for being located at this “iconic” building along Paya Lebar Road.

The development comes with new concept warehouse similar to shopping malls and private washroom attached in each unit. In terms of accessibility, Oxley has easy access to Pan Island Expressway, Kallang–Paya Lebar Expressway, East Coast Parkway, Central Expressway, Ayer Rajah Expressway, Seletar Expressway and Bukit Timah Expressway. It is also five minutes walk to Tai Seng MRT.

Contrary to earlier reports that Oxley Bizhub attempts to set a new price benchmark in the area for at least S$600 psf, the most affordable units at this new development with an average size of 1000sf is S$400 psf. The estimated prices are as follows: S$700-$1100psf (1st fl); S$700-$8xxpsf (2nd & 3rd fl); S$5xxpsf (4th fl); S$5xxK - 6xxK (5th to 8th fl); and S$4xxpsf (9th & 10th).

The Water Edge, consists of 98 residential units, meanwhile is an affordable low quantum investment from only $5xxK, deemed as “hot and rare” in Centralise City Fringe District 14 by experts at propertylaunch.sg.

In terms of rental yield, Candice Loh, Marketing Manager of Huttons Asia, said that one can expect potential increase in rentals and prices of property when the Paya Lebar Commercial Hub is developed. Moreover, Geylang, according to her is the top yielding district for rental returns at approximately 6%.

Moreover, the development is near to Dakota MRT station and Moutbatten MRT station, Tanjong Katong Complex and City Plaza Shopping Mall

The five-storey residential flat 10 Shelford likewise offers “excellent” capital and “superb” rental yield, according to Ms. Loh.

“10 Shelford is an exclusive Freehold condo located in prime centralise location District 11,” Ms. Loh said in her website newcondo.sg.

The property consultant also noted that the development which houses 69 residential units allows one to live in the “reputable” neighborhood of Bukit Timah,that spells high capital appreciation.

The Bukit Timah, the highest point in Singapore is particularly prominent location with a high land value due to abundant foliage in the area. The area is thus mainly populated by expatriates or well-to-do Singaporeans.

Prices of units at 10 Shelford with size ranging from 431sf to 980 sf start at $8XX,000.
    

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