Sengkang Grand Residences Review: Integrated Luxury Living at Its Best – Are You Ready to Invest?

Sengkang Grand Residences is a promising integrated residential cum shopping mall development located in District 19, with a tenure of 99 years. Developed by a collaboration between CDL and CapitaLand, this project offers a total of 680 units across 9 towers, with a TOP date set for 2023.

Main Takeaways

1. Convenience and Amenities: The development boasts an all-in-one shopping mall, MRT station at the doorstep, and a wide array of unique facilities such as a trampoline area and parkour gym.
2. Unit Mix Diversity: With a housing mix ranging from 1 to 4-bedroom units, Sengkang Grand Residences caters to a diverse demographic, adding color and vibrancy to the community.
3. Investment Potential: Despite noise issues and higher fees, the brisk sales and demand for units indicate strong investor interest and potential for appreciation.

Project Details

Floor Plans

Sengkang Grand Residences offers a variety of unit types to cater to different family sizes and preferences. Below is a detailed overview of the floor plans available for this integrated development.

Unit Mix

Site Plan

A Seamless Blend of Luxury and Convenience

Sengkang Grand Residences is a meticulously planned integrated development that offers residents a seamless blend of comfort, convenience, and luxury. With its range of residential units and extensive amenities, it caters to the lifestyle needs of modern families. This blog post provides a comprehensive overview of the site plan, highlighting the key components and layout that make this development a standout choice.

Key Components of the Site Plan

Residential Blocks

• Nine Residential Blocks: The development features nine residential blocks, each ranging from 11 to 13 storeys high.
• 680 Units: A total of 680 residential units are distributed across these blocks, offering a variety of floor plans to suit different family sizes and preferences.

Sengkang Grand Residences

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.

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Price Range & PSF

Price Range

The price range for units at Sengkang Grand Residences varies depending on the unit type and size. Here are the approximate prices:

• 1 Bedroom + Study: From $910,400 (Fully Sold)
• 2 Bedroom: From $1,119,200 (Fully Sold)
• 2 Bedroom Premium + Study: From $1,244,800 (Fully Sold)
• 3 Bedroom: From $1,505,600 (Fully Sold)
• 3 Bedroom Premium: From $1,690,400 (Fully Sold)
• 3 Bedroom Premium + Flexi: From $1,686,400 (Fully Sold)
• 4 Bedroom Premium + Flexi: From $2,111,200 (Fully Sold)

The overall sale price range for available units is between $938,000 to $3.16 million.

Price Per Square Foot (PSF)

The PSF for units at Sengkang Grand Residences also varies based on the unit type and size. Here are the details:

• Average PSF: Approximately $1,887 to $2,489.
• Range of PSF: $1,946 to $2,115.

Sengkang Grand Residences offers a range of unit types with prices and PSF reflective of its integrated development status and prime location. The units are fully sold, indicating strong demand and the premium nature of this development. The average PSF is competitive compared to other integrated developments in Singapore, making it a sought-after residence for both homebuyers and investors.

Pricing Comparison with Nearby Condos

Pricing Comparison: Sengkang Grand Residences vs. Nearby Condos

Sengkang Grand Residences

Average PSF: S$2,021
Price Range: S$1,946 – S$2,115 psf

Sale Prices:

• 1 Bedroom + Study: From $910,400
• 2 Bedroom: From $1,119,200
• 2 Bedroom Premium + Study: From $1,244,800
• 3 Bedroom: From $1,505,600
• 3 Bedroom Premium: From $1,690,400
• 3 Bedroom Premium + Flexi: From $1,686,400
• 4 Bedroom Premium + Flexi: From $2,111,200

Nearby Condos

The Quartz

Average PSF: S$1,200 – S$1,400
Price Range: S$1,000 – S$1,600 psf

Sale Prices:

• 2 Bedroom: From $900,000
• 3 Bedroom: From $1,200,000
• 4 Bedroom: From $1,800,000

Jewel @ Buangkok

Average PSF: S$1,400 – S$1,600
Price Range: S$1,300 – S$1,700 psf

Sale Prices:

• 2 Bedroom: From $1,000,000
• 3 Bedroom: From $1,300,000
• 4 Bedroom: From $1,900,000

La Fiesta

Average PSF: S$1,300 – S$1,500
Price Range: S$1,200 – S$1,600 psf

Sale Prices:

• 2 Bedroom: From $950,000
• 3 Bedroom: From $1,250,000
• 4 Bedroom: From $1,850,000

Summary of Comparison

• Sengkang Grand Residences:
  • Higher PSF: With an average PSF of S$2,021, it stands higher than nearby condos.
  • Integrated Development: Combines residential units with retail, community, and transport amenities.
  • Premium Pricing: Reflects its premium nature and comprehensive facilities.
• The Quartz:
  • Lower PSF: Averages between S$1,200 and S$1,400.
  • Affordable Options: More budget-friendly compared to Sengkang Grand Residences.
• Jewel @ Buangkok:
  • Mid-Range PSF: Averages between S$1,400 and S$1,600.
  • Competitive Pricing: Positioned as a mid-range option in the neighborhood.
• La Fiesta:
  • Moderate PSF: Averages between S$1,300 and S$1,500.
  • Balanced Option: Strikes a balance between affordability and good amenities.

Sengkang Grand Residences commands a higher price per square foot due to its integrated development status and prime location. Buyers interested in a premium living experience with easy access to retail and transport facilities will find it appealing. For those looking for more affordable options with decent amenities, nearby condos like The Quartz, Jewel @ Buangkok, and La Fiesta offer competitive pricing.

Transport & Location

Location

Sengkang Grand Residences is strategically situated at Compassvale Bow, Singapore, within District 19. This development forms part of an integrated community hub encompassing residential units, a retail mall, a community club, a hawker centre, a childcare centre, and a bus interchange.

Address: 72 Compassvale Bow, Singapore 544692

Connectivity

MRT Stations:

• Buangkok MRT Station: Directly connected to the North-East Line (NEL), this station is just a 1-minute walk from the residences, ensuring seamless access to various parts of Singapore.

Bus Interchange:

• Buangkok Bus Interchange: Integrated within the development, it offers numerous bus services that enhance connectivity to other parts of Singapore.

Expressways:

• Kallang-Paya Lebar Expressway (KPE): Provides quick access to the Central Business District (CBD) and other parts of Singapore.
• Central Expressway (CTE): Another major expressway nearby that facilitates easy travel to the city and other regions.

Nearby Amenities

Shopping Malls:

• Sengkang Grand Mall: Located within the development, offering a variety of retail, dining, and entertainment options.
• Compass One: A short distance away, providing additional shopping and dining choices.
• Hougang Mall: Easily accessible via the North-East Line, offering a wide range of retail and dining options.

Schools:

• Nan Chiau Primary School
• CHIJ St. Joseph’s Convent
• Punggol Primary School
• Palm View Primary School
• North Vista Primary School
• Holy Innocents’ Primary School
• Yio Chu Kang Primary School
• Anchor Green Primary School
• Montfort Junior School
• Sengkang Primary School
• Global Indian International School
• Singapore Institute of Technology (upcoming)

Healthcare:

• Sengkang General Hospital
• Sengkang Community Hospital: Both hospitals are just one stop away at Sengkang MRT Station, providing comprehensive healthcare services.

Recreational Facilities:

• Punggol Park
• Serangoon Park Connector: Ideal for outdoor activities such as jogging and cycling.

Sengkang Grand Residences offers unparalleled convenience with its strategic location and excellent connectivity. Residents benefit from direct access to Buangkok MRT Station and the integrated bus interchange, making commuting hassle-free. The proximity to major expressways further enhances connectivity to the city and other parts of Singapore. The development is surrounded by a plethora of amenities, including shopping malls, schools, healthcare facilities, and recreational areas, making it an ideal choice for families and individuals seeking a well-connected and vibrant living environment.

Developer Reputation

• CDL and CapitaLand are reputable developers known for quality projects and innovative designs.
• The collaboration between these two industry giants signifies a strong commitment to delivering a premium living experience at Sengkang Grand Residences.

Should you Get This Condo as an Investment?

Sengkang Grand Residences stands out as a compelling investment option due to its unique integrated development, strategic location, and promising price trends. This article delves into the key factors that make this property a lucrative investment, examines its pros and cons, and concludes with an overall assessment of its potential.

Key Factors to Consider

1. Integrated Development: Sengkang Grand Residences combines residential units with a retail mall, community club, hawker centre, childcare centre, and direct access to Buangkok MRT station and a bus interchange. This integration boosts convenience and attractiveness for residents and potential tenants.
2. Price Appreciation: Recent transactions indicate a positive trend in price appreciation. For instance, a 4-bedroom unit saw a 13% increase in value from 2021 to 2023. This suggests strong potential for capital appreciation, particularly given the development’s newness and integrated nature.
3. Rental Yield: The expected rental yield for Sengkang Grand Residences is around 2-3%, which is competitive for the area. The convenience of having amenities and transport links within the development makes it attractive to tenants, potentially ensuring steady rental income.
4. Comparative Analysis: Compared to nearby condos like The Quartz, Jewel @ Buangkok, and La Fiesta, Sengkang Grand Residences commands a higher price per square foot (PSF). However, this is justified by its integrated development status and premium amenities.
5. Future Growth: The long-term growth potential for Sengkang and Punggol is positive due to high demand and limited supply of new flats in these areas. The development’s strategic location and connectivity further bolster its investment appeal.

Pros and Cons

Pros:

• High Convenience: Integrated development with direct access to MRT, bus interchange, and a variety of amenities.
• Strong Capital Appreciation: Positive price trends and potential for future growth.
• Attractive Rental Yield: Competitive rental yields due to the development’s convenience and amenities.
• Prime Location: Situated in a high-demand area with excellent connectivity.

Cons:

• Higher Initial Investment: Higher PSF compared to nearby condos, which may require a larger initial investment.
• Market Fluctuations: While the property market is generally stable, unforeseen economic conditions could impact property values.

Conclusion

Sengkang Grand Residences presents a strong investment opportunity due to its integrated development status, strategic location, and positive price trends. The convenience of having essential amenities and transport links within the development makes it attractive to both residents and tenants, ensuring steady demand and potential for capital appreciation.

While the higher initial investment may be a consideration, the long-term benefits and growth potential make Sengkang Grand Residences a worthwhile investment for those looking to capitalize on Singapore’s robust property market.