PROJECT DETAILS
The Urban Redevelopment Authority of Singapore has a residential site in Dunman Road, near Dakota MRT Station, as part of Government Land Sales (GLS). Located along Dunman Road and bounded by Poole Road and Cres Road, they are listed under the reserved list of sites and are allocated to be developed into Private Condominium. New Condo at Dunman Road has a site area of approximately 271,619 square feet and will be home to approximately 1,002 households upon completion.
New Condo at Dunman Road is close to Datoka Circle Line Station (CC8) which is just walking distance away. The train service available at the station will link future residents seamlessly to the Paya Lebar MRT Interchange where they can easily transit to the East West Line. This East West train service is able to connect them to the Eunos Bus Interchange where comprehensive public bus services are available. To travel to Shenton Way area by car, it will take 7 minutes’ drive. It will also take 10 minutes’ drive to get to Orchard Shopping Belt. New Condo at Dunman Road also is easily accessible to main Expressways such as the Pan Island Expressway (PIE), the East Coast Parkway (ECP) and the Kallang Paya Lebar Expressway (KPE).
There are a number of established local education institutions that are close to New Condo at Dunman Road such as Kong Hwa School, Tanjong Katong Primary School, Haig Girls’ School, Geylang Methodist School, CHIJ (Katong) Primary School, Tao Nan School, Eunos Primary School, Tanjong Katong Secondary School, Tanjong Katong Girls’ School, Chung Cheng High School (Main), Broadrick Secondary School, Geylang Methodist School and also the famous Dunman High School which is a co-educational secondary school offering integrated programme. International schools that are close proximity to Dunman Regency include The Chatsworth International School (East Campus) and The Canadian International School (Tanjong Katong Campus).
For retail therapies, its future residents can also go to the any of the shopping malls, such as Katong Shopping Centre, I12 Katong and Parkway Parade, which are just minutes’ drive away. There are also many eateries located in the shophouses that are located along East Coast Road which serves many International Cuisines. For economical local food and fresh market produce, New Condo at Dunman Road's future residents will have many options from the 8 major Food Centres that are located less than 2 km away, such as Dunman Food Centre, Old Airport Road Block 51 Market & Food Centre, Haig Road Market & Cooked Food Centre, Kallang Estate Fresh Market & Food Centre, Geylang Serai Market & Food Centre, 84 Marine Parade Central Market & Food Centre, Blk 4A Eunos Crescent Market And Food Centre and Sims Vista 49 Market And Food Centre which host many cooked food stalls and market stalls.
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First Hand Information
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Why is what you buy
as a first property important?
as a first property important?
Should I sell my HDB and buy condo? I don't want to pay more for instalment
Can you afford a
S$1 million property?
S$1 million property?
Is now the correct time to buy?
Should I go for capital gains or
passive income
passive income
| Project | New Condo at Dunman Road |
| Developer | |
| Location | Dunman Road |
| District | 15 |
| Tenure | 99 years leasehold |
| Site Area | 25,234 square metres/ 271,619 square feet |
| GFA: | 88,321 square metres/ 950,687 square feet |
| Plot Ratio | 2.8 |
| Expected TOP: | |
| Total Units | Approximately 1,000 residential apartments |
| Total Carpark | |
| Development | Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreigner can buy |
LOCATION and AMENITIES
Amenities Near New Condo at Dunman Road
Train Stations
Dakota (CC8) – 0.7km
Paya Lebar (EW8) – 1.0km
Bus Stop
Aft Dunman Rd (Bus: 135, 197, 853C, 30, 40, 43, 76) – 0.1km
Kiosk (Bus: 30, 40, 43, 76, 135, 197, 853C) – 0.1km
Opp Northlight Sch (Bus: 10, 16, 30, 30e, 31, 32, 33) – 0.2km
Supermarkets
Sheng Siong – 0.5km
Giant – 0.8km
Ntuc Fairprice – 0.8km
Cold Storage – 2.2km
Shopping Malls
City Plaza – 1.0km
Katong Shopping Centre – 1.0km
Paramount Shopping Centre – 1.3km
I12 Katong – 1.3km
Roxy Square – 1.3km
Katong Village – 1.3km
Parkway Parade – 1.5km
Pavilion Square (U/C) – 1.7km
Preschool
PCF Geylang Serai Blk 9 – 0.6km
Great Beginnings Montessori Pre-school – 0.8km
Saint Hilda’s Church Kindergarten – 0.9km
Sri Sathya Sai Kindergarten – 1.0km
PCF Mountbatten Blk 51 – 1.0km
Two By Two Schoolhouse – 1.2km
Children’s Vineyard Kindergarten – 1.2km
Seeds D’ Learning House – 1.3km
Holy Family Kindergarten – 1.4km
Tung Ling Kingdergarten – 1.5km
Primary School
Kong Hwa School – 0.6km
Tanjong Katong Primary School – 0.9km
Haig Girls’ School – 1.0km
Geylang Methodist School – 1.4km
CHIJ (Katong) Primary School – 1.8km
Tao Nan School – 2.0km
Eunos Primary School – 2.0km
Secondary School
Northlight School – 0.4km
Tanjong Katong Secondary School – 0.4km
Tanjong Katong Girls’ School – 0.4km
Chung Cheng High School (Main) – 0.6km
Broadrick Secondary School – 1.0km
Geylang Methodist School – 1.5km
Dunman High School – 1.8km
Junior College
Dunman High School – 1.8km
Tertiary
Singapore Management University – 5.1km
International School
Chatsworth International School (East Campus) – 0.8km
Canadian International School (Tanjong Katong Campus) – 0.8km
Food Centre
Dunman Food Centre – 0.8km
Old Airport Road Block 51 Market & Food Centre – 1.0km
Haig Road Market & Cooked Food Centre – 1.0km
Kallang Estate Fresh Market & Food Centre – 1.2km
Geylang Serai Market & Food Centre – 1.2km
84 Marine Parade Central ( Market & Food Centre ) – 1.6km
Blk 4A Eunos Crescent – 1.6km
Sims Vista 49 Market And Food Centre – 1.9km
Lifestyle
Chinese Swimming Club – 1.2km
The Eurasian Association of Singapore – 1.3km
Parkland Golf Driving Range – 1.8km
Singapore Swimming Club – 2.0km
FACILITIES SITE and FLOOR PLAN E-BROCHURE
New Condo in Dunman Road
Dunman Road new condo
AVAILABLE UNITS/ SOLD/ CHEAPEST PRICES PSF
SINGAPORE PROPERTY MARKET
Singapore’s property market has one of the best long term returns on equity performance out of most investment instruments available.
And that has to do largely with the strength of the Singapore dollar, the availability of high leverage, and the attraction of Singapore to the international audience, not just as a region to invest in, but as an asset class on its own.
CHECKLIST REQUIREMENTS
Before you embark on searching for your investment property, it is important to have gone through this checklist below.
1. Finances
We will advise about your finances to understand the initial cash/Central Provident Fund (CPF) outlay required.
Having an experienced third party do an assessment would help you prevent costly beginner mistakes that could seriously hamper your journey to financial freedom.
We will help you assess the minimum cash and CPF required for the down payment, buyer stamp duties, legal fees and miscellaneous costs, as well as advise you on an investment road map for the best acquisition strategy as you progress along and acquire more properties.
2. Loan eligibility
The current Total Debt Servicing Ratio (TDSR) framework makes it especially important for investors to check on their maximum loan eligibility so that there are no nasty surprises after placing a deposit.
In this case, this should be one of your priorities early on and we will assist you on this.
3. Manner of holding
For investors who already own an HDB flat or private home and are acquiring their second property, we will advise you on the various options available to optimise tax savings (which can be significant) and qualify you for more funding options.
This is especially important for those who intend to grow their portfolio of properties and would require access to higher leverage and lower costs.
4. Investment goal and horizon
Having a clear idea of your investment goal horizon helps you narrow down the segments you should focus on; saving you precious time and energy.
Examples
– Are you investing in properties to provide a consistent source of passive income?
In this case, focus on areas with low vacancy rates and a high tenant catchment pool.
– Are you investing in properties short term to ride the market trend?
In this case, are you financially prepared to hold on in case a black swan event occurs?
– Are you investing in properties with en bloc potential?
In this case, are you well advised on which properties have genuine potential?
Not all old properties have en bloc-ability.
After going through the above points, the following are factors that have served me and my clients well in the past as an investment criteria checklist.
SINGHAIYI GROUP WON TOP BID FOR LAND PARCEL AT DUNMAN ROAD
Both sites were launched for tender in Q1 2022 under the Confirmed List on the 1H 2022 government land sales (GLS) programme. The tenders closed on 2 June 2022 with just a handful of bids, albeit at robust prices. This reflects healthy developer interest for these two prime sites, as well as their confidence in the Singapore residential market, even post-cooling measures.
In terms of potential dwelling units, this is the largest GLS site sold since Silat Avenue (now Avenue South Residence) in April 2018. Exceeding the SGD1 billion mark and coming with higher risks to sell by the ABSD timeline of 5 years, it is therefore not surprising that there were only two bidders. These developers were perhaps encouraged by the sales at nearby LIV@MB where over 74% were sold at a median unit price of SGD2,400 psf.
At the beginning of the year, another nearby GLS site at Jalan Tembusu was sold at SGD1,302 psf ppr, while two freehold land parcels at Thiam Siew Avenue were sold at a land rate of around SGD1440 psf ppr. Therefore, the price of SGD1,350 psf ppr between these two benchmarks is within expectations.
Overall, the batched bidding exercise did not seem to have dampen developers’ appetite for residential land; with some developers even going for both plots even though they are both relatively larger sites (at over 500 units each). Colliers has observed that some developers have chosen to spread out their risks by bidding in partnerships.
This is a reflection of the bullish sentiments amongst developers, and their confidence that there will still be buying power and demand. They might have been encouraged by the healthy home sales performance in the past few months, with robust take-up by locals and even bulk purchases by foreigners at some projects. Further, the end-product from these sites would probably cater to the higher-end buyers who will have the purchasing power, and are also less affected by the cooling measures.
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