Ki Residences is an upcoming new condo launch within the serene confines of Sunset Way (former site of Brookvale Park).
Located at a sprawling upper class enclave, Ki Residences offers privacy, exclusivity and tranquility, away from the hustle and bustle of city life.
This rare, premium development is an ideal choice for those who value a peaceful and quiet home to fully enjoy family life.
Ki Residences is a short drive away from Holland Village, Orchard Road and Clementi Central. Drivers will also be able to gain convenient access to major expressways PIE, KJE and BKE.
However, due to its secluded and private location, Ki Residences is some distance away from public transport avenues.
The good news is that shuttle bus services are provided from the property to Clementi road, where residents can catch a quick bus ride to Clementi MRT.
There is also a good mix of prestigious schools of all levels in the area. They include Hwa Chong Institution, Hwa Chong Junior College, Pei Hwa Presbyterian Primary School, Methodist Girls School, Yusof Ishak Secondary School, Bukit Timah Primary School, German European School Singapore and Singapore Institute Of Management (SIM).
Amenities-wise, Ki Residences offer quality over quantity. Sunset way is known as a foodie haunt with plenty of amazing cafes, eateries and restaurants. Best of all, residents will get to enjoy fine dining in serene settings; a welcome change from the mostly crowded food outlets in Singapore.
In terms of investment, District 21 properties (where Ki Residences is located) traditionally attracts upper-tier buyers and investors from both Singapore and abroad.
Ki Residences is not a run-of-the-mill condo. Its exclusivity, premium status and the promise of private, quality living are likely to result in substantial prices for a unit.
That being said, the government’s masterplan to develop District 21 is sure to enhance the value of property prices in the area over the next few years.
So although Ki Residences will not be the cheapest condo on the market, its potential value can increase over time, giving investors good returns on their purchase.
Ki Residences At Sunset Way Project Summary
|Developer||Hoi Hup Sunway|
|Condo name||Ki residences|
|TOP date||Est. 2024/5|
|Total units||To be announced|
|Tenure||999 years leasehold|
|Address||1 Brookvale Drive 599968|
|Facilities||Swimming pool, function room, gym, BBQ, children’s playground etc|
Ki Residences location
Ki Residences is located deep within a private estate at Sunset Way. It is perfect for those willing to trade doorstep access to amenities, for an idyllic lifestyle.
To get around Singapore, residents can travel from nearby major expressways PIE, KJE and BKE.
Due to Ki Residences’ secluded and private location far from public transport options, we recommend that residents have their own form of transportation.
For those who do not drive, there are shuttle bus services from the property to Clementi road, where residents can catch a quick bus ride to Clementi MRT.
Pricing, floor and site plans of Ki Residences will be released by the developer shortly.
In the meantime, if you’re interested in getting a unit at Ki Residences and being updated on latest developments, leave your details with us.
For residents with children, there is a good mix of prestigious schools of all levels in the area. They include Hwa Chong Institution, Hwa Chong Junior College, Pei Hwa Presbyterian Primary School, Methodist Girls School, Yusof Ishak Secondary School, Bukit Timah Primary School, German European School Singapore and Singapore Institute Of Management (SIM).
Nearby entertainment hubs include Holland Village, Sixth Avenue and Clementi Central.
Sunset Way, where Ki Residences is located, has plenty of instagrammable cafes, eateries and restaurants.
Residents will get to enjoy the peace and quiet environment; perks of staying at a secluded but premium estate.
Nearby shopping malls include Clementi Mall, Bukit Timah Plaza, Bukit Timah Shopping Centre and Beauty World plaza.
Venturing further will bring one to the Jurong East area where there are numerous malls such as Jem and Westgate.
As one of Singapore’s most premium areas, properties in District 21 are traditionally highly sought-after among buyers.
Despite the cooling measures implemented in 2018, property prices in District 21 remain strong and robust.
Resale non landed prices were most recently at $1,500 psf.
New condominium prices will likely be sold at a premium due to their newer age, more years left on lease and higher land price paid by the developer.
Higher pricing is also due to an influx of foreign investment in Singapore properties. District 21 enjoys a fine reputation both locally and especially abroad, and properties in the area are often considered priority picks by foreign investors.
The table above shows the healthy pricing trend in other District 21 developments. When Ki Residences is launched, it has the potential to surpass its fellow properties in the area in terms of price.
This is because of the exclusivity factor that is highly valued among foreign investors, who have proven in that past that they are willing to pay steep prices for idyllic lifestyles.
Even though prices in District 21 are higher than most other areas, the potential capital gain more than makes up for the above-market-rate initial investment.
For example, the table above shows the top 20 projects by capital gain and loss.
The highest capital gain is 27.6% at Regis Mansions, followed by 25% at Signature Park.
On the lower end, only one project saw a negative return – that of Symphony heights.
This means that practically all the projects in District 21 saw a capital gain the last 5 years.
Is it feasible to think that Ki residences will also have such gains? Possible, given the historical trends and the fact that property has historically provided good capital gains for owners/investors.
Based on the government’s masterplan to improve entertainment, livability and commercial options in District 21, we can safely conclude that properties in the area will benefit from the current and future growth.
As one of District 21’s upcoming “prized jewels”, Ki Residences promises to be a sound investment that has the potential to increase significantly in value over the next few years.
One of Singapore’s key growth strategies is to add qualified foreign talent into the workforce.
In recent years, studies have shown that an increasing number of foreign talent are either staying longer, or they choose to become permanent residents.
In such cases, they tend to bring their family members over to Singapore.
This is when owners of a Ki Residences unit can capitalize, and secure long-term tenants for attractive rental returns.
As seen from the table above, rental yield for District 21 properties are higher than average. Securing a long-term tenant for Ki Residences unit, with the promise of quality family living, can be a very viable source of passive income.
The highest rental yield of 4.6% is in The Hillford, given its 60-year lease term.
Excluding that, Suites at Bt Timah gives 4.2% yield, followed by Charisma View at 3.2% and Nottinghill suites at 3.1%.
Majority of rental yields are in the 2.7% to 3.0% range, which is similar to trends across the island.
In terms of absolute rental, 2 bedroom units are fetching between SGD 2,400 to 4,000 per month.
3 bedroom units are fetching between SGD 3,300 to 7,000 per month.
4 bedroom units are fetching between SGD 4,000 to 11,000 per month.
Given Ki Residences’ fairly quiet and far off location from MRT stations, rental may be cheaper. However, residents get the exclusiveness and tranquility not seen at developments in busier parts of the island.
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