Overview Score
our consideration
Our Verdict
Emerald of Katong, located in the prime District 15, is a competitive option for buyers looking for a balance of affordability, convenience, and investment potential. This analysis covers the development’s location, unit options, amenities, pricing, and investment outlook, presenting a comprehensive view to aid condo buyers in Singapore.
For Investors
Pros:
- Strong Rental Potential: The close vicinity to the MRT station and reputable schools enhances rental attractiveness.
- Location Advantage: Nestled in a predominantly low-rise area, the development offers potential sea views.
- Growth Forecast: RCR properties in the area are anticipated to see a 3-4% price growth in 2024.
Cons:
- Competitive Market: The area has seen numerous recent launches, increasing competition.
- Leasehold Limitation: The project holds a 99-year lease, which may impact long-term investment value.
- Short-term Oversupply Risk: A potential oversupply in the market could affect rental yields.
For Families
Pros:
- Educational Opportunities: Families will find excellent schooling options within walking distance.
- Comprehensive Facilities: The development boasts multiple pools and gardens, catering to family leisure needs.
- Spacious Living: Units feature practical designs with an emphasis on privacy, including 41-meter spacing between blocks.
Cons:
- Unit Size Constraints: New GFA harmonization guidelines have resulted in slightly smaller unit sizes.
- Design Limitations: Some layouts feature long foyers, which may reduce usable living space.
- Parking Availability: With 682 parking lots for 846 units, parking may be limited.
Emerald of Katong stands out not just for its strategic location and design but also for its potential as a solid investment and a family-friendly residence.
Emerald of Katong
Urban Living with Impeccable Design
In urban environments, the fusion of functionality and aesthetics is crucial for creating living spaces that are both practical and visually appealing. Impeccable design principles play a key role in optimizing the layout and utilization of space in urban dwellings.
Location and Connectivity
Emerald of Katong boasts an ideal District 15 location along Jalan Tembusu, combining proximity to public transport and essential amenities:
- Public Transport: Walking distance to Tanjong Katong MRT station on the Thomson-East Coast Line, making commuting effortless.
- Access to Major Expressways: Quick access to ECP, KPE, and PIE provides seamless connectivity across Singapore.
- Nearby Amenities:
- Shopping: Within easy reach of i12 Katong and Parkway Parade.
- Schools: Close to CHIJ Katong, Tanjong Katong Primary, and Haig Girls’ School.
- Recreation: Near East Coast Park and Katong Park for outdoor activities and relaxation.
Unit Types and Layout Options
Emerald of Katong offers a diverse range of unit configurations, catering to various lifestyle needs:
| Unit Type | Size Range (sqft) |
|---|---|
| 1 Bedroom + Study | 484 |
| 2 Bedroom Premium | 624 – 646 |
| 3 Bedroom | 883 – 904 |
| 4 Bedroom + Study | 1,152 |
| 5 Bedroom Luxe | 1,475 – 1,561 |
Key Layout Features
- North-South Orientation for optimal ventilation and natural cooling.
- Efficient Space Utilization with minimal wasted areas.
- Premium Fittings and Finishes for a luxurious living experience.
- Private Balconies offering city or greenery views, enhancing each unit’s appeal.
Facilities and Lifestyle Offerings
The development provides a wide array of lifestyle-enhancing amenities:
- Swimming Pools in Active, Wellness, and Adventure Zones to cater to various recreational needs.
- State-of-the-Art Gymnasium for fitness enthusiasts.
- BBQ Pits and Grill Decks for social gatherings and family events.
- Reading Lounges for quiet relaxation.
- Clubhouse with function rooms for hosting events and gatherings.
Pricing Trends and Affordability
Emerald of Katong is competitively priced within District 15, offering a more accessible entry point:
- Estimated Pricing: $2,250 – $2,350 psf, about 10% lower than nearby new launches.
- Affordability: Positioned as one of the most affordable options in District 15 for new developments.
Price Comparison with Nearby Projects
| Project | Average PSF | Remarks |
|---|---|---|
| Emerald of Katong | $2,250 – $2,350 | Most affordable entry-level option |
| Tembusu Grand | $2,450 | Higher price point |
| Grand Dunman | $2,450 | Competes with Emerald of Katong |
Summary: Emerald of Katong offers better value than Tembusu Grand and Grand Dunman, with an appealing price point for entry-level buyers in District 15.
Investment and Rental Potential
Emerald of Katong shows promising investment prospects due to its strategic location and competitive pricing:
- Expected Price Growth: Analysts project a 3-4% price growth for RCR properties in 2024.
- High Rental Demand:
- Close to business hubs and international schools.
- Proximity to upcoming infrastructure developments makes it appealing to tenants.
This development’s prime District 15 address and access to key amenities strengthen its long-term investment value.
Future Area Development and Impact
Emerald of Katong is set to benefit from future developments that will enhance the area’s appeal:
- Long Island Project Development: A large-scale project enhancing the eastern coastline’s livability.
- Paya Lebar Airbase Relocation: Opening up new land for development, transforming the district.
- Public Transport Infrastructure: Ongoing improvements in transport connectivity add convenience and potential property value growth.
These developments will significantly impact property values, making Emerald of Katong a promising choice for forward-thinking investors.
Project Analysis vs. Nearby Developments
Competitive Advantages
- Lower Entry Price Point compared to nearby new projects.
- Proximity to MRT enhances connectivity and rental appeal.
- Comprehensive Modern Facilities provide a well-rounded lifestyle experience.
- Reputable Developer track record assures quality and reliability.
Potential Considerations
- Higher Density: With 846 units, the development has a higher density than some neighboring projects.
- 99-Year Leasehold status, as opposed to freehold properties in the area.
- Parking Ratio: Approximately 80% with 682 lots for 846 units, which may impact residents with multiple vehicles.
Conclusion
Emerald of Katong presents a balanced offering with its competitive pricing, extensive amenities, and strong investment fundamentals. Its prime location and affordable entry-level pricing make it a standout option for buyers and investors looking for a high-potential property in District 15. With future area enhancements, the development promises both immediate lifestyle benefits and long-term growth potential.
