Suites at Bartley is a brand new development located at Jalan Bunga Rampai along Bartley Road. Strategically located at a convenient city fringe location, Suites at Bartley is poised to be a highly sought-after condo among residents looking for an exclusive and quiet lifestyle.
With the abundance of parks and greenery around the area, Suites at Bartley belongs to a new category of holistic living developments that are increasingly growing in popularity.
Residents seeking an alternative from the hustle and bustle of city life will be especially keen to consider the serene living conditions around Suites at Bartley.
Just a short 3-5 minute walk from Bartley MRT station, Kovan, Serangoon and Woodleigh stations are within close proximity as well.
Major expressways CTE and PIE are easily accessible too, making Suites at Bartley a convenient home base for future residents, especially considering its city fringe location.
As for education, parents can rest easy knowing that reputable schools are just around the corner. Within 1km, there is Cedar Primary and Maris Stella Primary and Secondary School. Within 2km, there is Canossa Catholic Primary School and Paya Lebar Methodist Girls’ Primary and Secondary School.
Suites at Bartley Condo Summary
|Developer||Wee Hur Development Pte Ltd|
|Launch date||Estimated Mid 2021|
|Total number of units||115|
|Address||Jalan Bunga Rampai, Singapore|
|Facilities||Full Condo Facilities Including Swimming Pool, BBQ Pits, Gym, Function Rooms Etc|
|TOP date||Estimated 2023 to 2024|
Suites at Bartley Location
Suites at Bartley is located at Jalan Bunga Rampai along Bartley Road in the District 19 area.
Bartley MRT is just a few minutes’ walk away, with Kovan, Serangoon and Woodleigh MRT station close by as well. Residents will also get to enjoy easy access to major expressways PIE and CTE. Travelling to all parts of Singapore, whether by public or private transport, will be fast and convenient.
There are also plenty of shopping and entertainment options nearby, which offer a diverse variety of goods and services.
Some prominent ones include Macpherson Mall, Toa Payoh Mall, NEX, Zhongshan Mall, The Woodleigh Mall, Tai Seng Centre.
However, the main reason why Suites at Bartley is attracting so much attention from buyers, is due to the promise of living near nature. The future Bidadari Park and Bidadari Lake will be a leisurely stroll for residents.
Parks with wide open spaces are a key feature of the area. Weekends with the family will be a lot more fun at Suites at Bartley!
Whether is it going for a morning jog at Bunga Rampai Park, a family picnic at Paya Lebar Garden or taking in the sights at Bidadari Lake, you can soak in lots of fun in the sun at Suites at Bartley.
According to the government’s plan for Bidadari estate, a new park will be developed to form a “green lung” in the estate. The 10-hectare Bidadari Park will feature a lake, an area for children to play and explore, and a heritage walk for the entire family to explore.
Surrounding parks like Bunga Rampai Park, Paya Lebar Garden and Serangoon Community Park further add to the green living conditions of the area.
For future residents, Suites at Bartley promises to be a value-for-money investment, whether is it for their own stay or investment purposes.
The city fringe location, coupled with the short distance to several key industrial/commercial areas, means that it is likely to appreciate in value and enjoy rental demand from skilled professionals.
Comparative Market Analysis around Bartley
Suites at Bartley is scheduled to be completed in 2023 to 2024. In the meantime, it’s prudent to look at the price-related data of surrounding developments, to have an indication of Suites at Bartley’s purchase and investment potential.
From the above image, there are 3 projects near Suites at Bartley; namely Bartley Residences, Botanique @ Bartley and Bartley Ridge. They are 99 year leasehold projects and have full fledged condo facilities. There is also Oasis Garden, which achieved its Temporary Occupation Period (TOP) in 2012. For the sake of comparing like to like, we will be using Bartley Ridge and Botanique at Bartley as means of comparison since they are the “youngest” in age.
Botanique at Bartley was launched in 2015 at 1,2xx to 1,3xx psf. Today in its resale stage it is transacting at 1,5xx to 1,6xx and some even hitting 1,7xx psf.
The first owners who resold Botanique at Bartley in the resale market made handsome profits ranging from 188,000 to more than 304,000. This is a whooping 15 to 25% gain from the initial launch pricing, over a very short span of 5 years.
Now let us take a look at Bartley Ridge. Launched in 2014 and achieving TOP in 2018, it shows similar trends of healthy capital appreciation. The project was launched 1,100 to 1,200psf and at its resale stage it is currently selling for around 1,5xx psf.
Profit ranged from 192,000 to 427,000 over a period of 5 to 6 years for most of these lucky first owners. Their annualised capital appreciation is in the range of 3% to 6%. This is considered fairly attractive for most investors or home owners who are considering to purchase in the Bartley area and are thinking one step ahead of the potential exit strategy. The demand in the area does not appear to be lacking over the years, perhaps due to the number of good schools in the area which makes it extremely attractive.
What does this mean for future owners and investors of Suites at Bartley?
For Suites at Bartley, the promise of highly desirable green living is a major draw for buyers. As this trend continues to gain popularity, it is likely to push up Suites at Bartley’s value in the coming years. The Bartley area is also situated very close to town and the expressway, hence making it accessible for tenants and home owners to reach the city in a 15 to 20 minutes drive
The Bartley area also serves as an attractive entry for most parents and families who are upgrading from newer estates in the north east, such as Punggol and Sengkang, who are seeking to purchase in an estate near reknown primary schools such as Cedar Primary, Maris Stella Primary, Canossa Catholic Primary School and Paya Lebar Methodist Girls’ Primary and Secondary School. The area is also surrounded by landed property which means fairly unblocked views and wind all year round.
As seen above, projects in Bartley are attractive to mainly local owners who purchase it for own stay. It also appeals to PRs and even foreigners. They are likely to purchase the project for investment or school enrolment purposes.
Another factor that will ensure steady capital appreciation in the Bartley area is also the government’s masterplan of Bidadari new town. It will contain a 10 hectares park, open lawns, a lake, a heritage walk, experiential trails and a children’s playground. It will house almost 10,000 Housing Development Board flats by 2022, and has been touted as the next “Pinnacle of the North” (similar to Pinnacle @ Duxton) and analysts are expecting flats here to hit the million dollar mark when resold after the 5 year minimum occupancy period due to its prime location.
What this means for Suites at Bartley residents is that condos in the Bartley area will continue to remain popular due to its location and proximity to good schools. This serves as a great future exit strategy for investors who intend to purchase Suites at Bartley as an investment unit down the line.
Rental volume analysis
As mentioned above, District 19 is transforming into one of Singapore’s industrial and commercial hubs.
This has seen a rise in rental volume for homes in the area.
Traditionally, District 19 has been a solid option for professionals who work in the CBD, as prices are affordable and the distance is close to their work places.
Thanks to current developments, owners of a District 19 unit can capitalize on both CBD professionals, and those working in industrial areas closer to home.
Suites at Bartley unit owners can benefit from this increase in rental demand, and potentially have a score of ready tenants looking to rent.