Tessensohn Residence condo mix development

Tessensohn Residence condo at Tessensohn Road is an upcoming mix development condominium slated to be launched by Low Keng Huat.

This post will give you a review of Tessensohn Residence, pricing, floor plans, site plan, showflat location and information you need to make an informed investment decision.

Use the following quick navigation content page or contact us immediately to register your interest in Tessensohn Residence condo.

Quick Navigation

  1. Condominium summary
  2. Condominium location
  3. Unit mix
  4. Floor plans
  5. Pricing
  6. Showflat location
  7. Site plan
  8. Gallery and views
  9. Condominium facilities
  10. Surrounding amenities i.e. Transport, education, healthcare, shopping/entertainment and outdoor/fitness amenities
  11. Micro-market environment: Demand; supply; rents and yields; prices
  12. Potential capital gains and investment returns
  13. Interest rates
  14. Other purchase details
  15. Site background
  16. Developer background
  17. Contact us/register interest
  18. Other project information

Condominium summary

Project name Tessensohn Residence
Address Perumal Road
Site area 4,973 sqft
No of blocks To be advised
No of storeys To be advised
No of units To be advised
TOP To be advised
Description Residential development with commercial units on first floor
Developer Low Kheng Huat
District 8

Condominium location

Tessensohn Residence is located at Perumal Road and near Farrer park MRT station.

Amenities nearby include City Square Mall, Parkroyal on Kitchener Road, Connexion (an integrated healthcare and hospitality complex) among others.

Key points regarding the project and surrounding will be covered in this post.

Tessensohn Residence

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Unit mix

Unit mix for Tessensohn Residence will be out shortly. Contact us to stay updated.

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Floor plans

Floor plans for Tessensohn Residence will be out shortly. Contact us to stay updated.

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Pricing

Pricing for Tessensohn Residence will be out shortly. Contact us to stay updated.

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Showflat location

The showflat of Tessensohn Residence is likely to be at the site itself or very nearby.

The exact location will be released shortly. Contact us to stay updated.

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Site plan

Due to the rather small size of the site, Tessensohn Residence’s design will be functional and squarish in nature.

The confirmed site plan will be released shortly. Please contact us to stay updated.

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Gallery and views

Artist’s impression, designs and illustrations will be released once the developer has finalized it.

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Condominium facilities

Since Tessensohn Residence is a rather small apartment with not many units, the number of facilities in the development will not be as many as those in mid or large sized condominiums.

However, the standard facilities such as swimming pool and gym will be available for resident’s enjoyment.

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Surrounding amenities

The following will give you an idea of the transport, education, healthcare, shopping/entertainment and fitness/outdoor amenities around the development.

Transport

Just outside Perumal Road is Serangoon Road with a bus stop within 1 min walking distance of Tessensohn Residence.

The bus services at this bus stop include 21, 23, 64, 65, 66, 67, 125, 130, 139, 141, 147, 857 and NR6 that will bring residents to many parts of the island.

In addition, there are various exits and entrances to Farrer Park station, namely A, G, I and H which are near the project.

tessensoh residence farrer park mrt exits

The nearest expressway is Central Expressway (CTE).

The exit to CTE located closest to Tessensohn Residence is 7C, which is about 3-5 min drive away.

Tessensohn Residence highway exit

Given the very central location of Tessensohn Residence, there should be no worries for residents in getting to various parts of the island.

The only bug bear may be that the area is a little crowded and there may be many cars during peak periods.

However, this is to be expected when staying in a central area so near the CBD and town.

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Education

According to OneMap, there are the following primary schools within a 2km radius of Tessensohn Residence.

Within 1km

  • Farrer Park Primary School
  • Stamford Primary School

Within 2km

  • Anglo Chinese School (Junior)
  • Bendemeer Primary
  • Hong Wen School
  • St Joseph’s Institution Junior
  • St Margaret’s Primary

Other secondary schools, institutes of higher education/learning, private and international schools include (not necessarily within 2 km)

Secondary schools:

  • St Andrew’s School

Private and international schools:

  • Northlight school
  • Beacon International College
  • LaSalle College of Arts (Winstedt Campus)

Healthcare

The main selling point of Tessensohn Residences is its proximity to healthcare facilities.

Right at the doorstep of the project is Connexion which is an integrated healthcare and hospitality complex housing medical training, education, preventive medicine, healthcare and hospitality under one roof.

tessensohn residence connexion

In addition, the Novena healthcare cluster is only a 7 min drive to the North of the project.

Housing many healthcare facilities such as Tan Tock Seng Hospital, the Communicable Disease Centre, National Centre for Infectious Diseases among other private healthcare facilities, the Novena healthcare cluster concentrates the best minds and talents in the healthcare industry.

Investors who might want to rent out a unit at Tessensohn Residence are likely to find some demand from healthcare workers such as nurses and doctors.

Shopping, entertainment, food, drinks etc.

There is no lack of shopping and entertainment amenities around Tessensohn Residence.

Shopping amenities include City Square Mall and just 2 MRT stops away is Dhoby Ghaut and the various malls such as Plaza Singapura, Atrium @ Orchard, The Cathay and many more.

Entertainment areas around the project include cafes around Lavender and Arab street enclave near Bugis.

For those with a higher spending budget, Parkroyal at Kitchener Road offers great food and spa facilities.

In terms of daily living, the malls would provide much of the goods and services for singles, couples and families.

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Outdoor/fitness amenities

Soccer fans can rejoice because Tessensohn Residence is located within walking distance of Jalan Besar Stadium, where many local and international soccer matches are played.

The Ceylon Sports Club, Chinese Recreation Centre, Singapore Indian Association, Club CSC @ Tessensohn and Singapore Khalsa Association are located within walking distance.

These facilities offer soccer, basketball, badminton, swimming and tennis facilities.

Those who are willing to venture further can explore going to the Kallang Basin area which is about a 10 min drive away from the project.

Otherwise, a quick jog through Lavender will take one there fairly quickly.

Micro-market environment

The following sections will provide a snapshot of the micro-market health where the Tessensohn Residence is situated.

Demand

For investors, there is likely to be a good source of rental demand given the very central location of the project.

In addition, the location of Tessensohn Residence is somewhat in the middle of a few MRT stations and lines, namely Farrer Park, Bendemeer, Jalan Besar, Rochor and Little India.

Tessensohn Residence middle of mrt stations

Being in the middle of these MRT stations lends a lot of convenience and connectivity to the property.

The convenience will be very welcomed by expatriates and those working in the city who want to find a place to stay.

Healthcare workers who do not want to stay in the immediate vicinity of their workplace at Novena or the KK Women’s and Children’s Hospital might also consider Tessensohn Residence.

Looking at the map, the Farrer Park area is just at the doorstep of the city, and might appeal to those who do not want to pay high rents to stay right smack in the city (e.g. City Hall, Raffles, Marina Bay).

Supply

In terms of condominiums around the area which may pose rental competition to Tessensohn Residence, there are a number of them namely

  • R66 Apartments
  • Urban Lofts
  • Farrer Park Suites
  • 8 Farrer Suites
  • Jool Suites
  • Studios @ Marne
  • Suites @ Owen
  • Suites 123
  • City Loft
  • The Citron Residences

All of these are small sized developments with less than 50 units.

However, Tessensohn Residence is in one of the best location in that it is nearest to Farrer Park MRT.

Most of these other projects are further away from the MRT station than Tessensohn Residence is.

Rents and yields

Yields for properties in the area are very attractive, ranging from 3.2% to 4.3% based on the nearest comparable properties and transactions over the last 12 months.

In addition, many of these projects were completed after 2007 and are fairly new.

Tessensohn Residence rental yield

One would expect that rental yields for these newer and centrally located projects would be low, but some of these rental yields beat those even further out from the city!

Prices

According to Squarefoot, prices for all property sales (new, resale and sub-sale) in district 8 have risen from S$1,092 to S$1,476 psf over the last 8 years.

This represents a 35% increase.

Tessensohn Residence district prices

Taking City Square Residences as an example, prices have increased from approximately S$570 psf in 2005 to S$1,650 psf in 2018.

This represents an increase of 189%!

City square residences prices

It is very likely that the Farrer Park location will continue to be well sought after by owner occupiers and investors, providing pricing support to Tessensohn Residence.

Potential capital gains and investment returns

Assuming the long term returns of property to be in the 7 to 8% range per annum, potential returns for an investor could be in the order of 15 to 25% after leverage and rental potential is accounted for.

Tessensohn Residence which is well located definitely offers rental and capital appreciation potential.

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Interest rates

Latest 1 month SIBOR rates are about 1.25% and have been stable for much of the last 1 to 2 years.

tessensohn residence sibor

For property buyers, all in mortgage rates are likely to be in the 1.7% to 2.0% range after accounting for bank mortgage spreads.

At this rate, borrowing costs are still historically low and present an opportunity for homebuyers to enter the market or lock in their financing for the medium term.

Do check out the quick reference page we have on SIBOR and SOR rates

Other purchase details

Restrictions on purchasers e.g. LTV and ABSD are present. Do contact us and we can arrange a quick chat with you to find out more on how we can achieve your property investment goals.

We have bankers ready who can advise on various structuring methods and tools to achieve the desired outcomes.

Site background

CONSTRUCTION firm Low Keng Huat (Singapore) Limited has put in the highest bid for a residential site with first-storey commercial space at Perumal Road.

At a tendered sale price of S$174.08 million, it translates to a very bullish S$1,000.72 per square foot per plot ratio (psf ppr), greatly surpassing some consultants’ expectations of bids ranging from S$800 to S$850 psf ppr.

Source: Business Times

Developer background

LKHS began as a general building construction company and is a diversified group with 33 subsidiaries and 12 associated companies involved in three core activities – construction and civil engineering, property development, and property investment.

LKHS has been ranked by the Construction Industry Development Board (CIDB) as the top local construction company in terms of capital deployment in 1990.

Since its inception, LKHS has contributed significantly to the changing skyline of a fast growing Singapore. Its early projects included familiar landmarks such as the 52-storey OCBC Centre (1976); then the tallest building in Singapore; the striking two-basement TAS Comcentre (1976); the $35m 30 storey UOB Headquarters Building (1974); and the $50m Plaza Singapura shopping complexes (1974).

LKHS was responsible for a list of prestigious projects – some of which have won national awards. These buildings include the $120m MAS Building (which was awarded the Certificate of Merit from CIDB in 1987), the Islamic Centre of Singapore (which won the CIDB award for Construction Excellence in 1991), and the New Tech Park, the “first-of-its-kind” hi-tech manufacturing facility in Singapore (which was declared winner of the CIDB award for Construction Excellence on December 20, 1991).

With these distinctive projects under its wings, LKHS is well-placed to scale greater heights in tandem with the nation’s growth and development.

Source: Developer website

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Other project information

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