Tembusu Grand, a 99 year leasehold condominium situated in District 15, offers a prime location for residents seeking a high-quality living experience combined with convenient access to various lifestyle hotspots in the East. Spanning a generous gross floor area (GFA) of 589,744 sq ft, this development comprises 640 thoughtfully designed apartments ranging from cozy studio units to spacious 5-bedroom residences. Residents can expect a comprehensive range of both indoor and outdoor facilities, ensuring a well-rounded and fulfilling lifestyle. Adding to the allure, each apartment unit at Tembusu Grand is equipped with the latest Smart Home features, providing residents with enhanced convenience and connectivity. The living spaces are thoughtfully curated with premium finishes, guaranteeing extreme comfort and a touch of luxury. Notably, the development’s strategic location offers residents seamless access to charming destinations such as Katong and Siglap, renowned for their distinctive character and vibrant atmosphere. Furthermore, the nearby East Coast Park provides a scenic retreat for outdoor enthusiasts. With an abundance of amenities conveniently situated within reach, Tembusu Grand truly embodies the perfect fusion of quality living and unparalleled convenience.
When it comes to making a property purchase, one of the critical choices is deciding between a 99-year leasehold property and a freehold property. Each type of ownership has its own advantages and considerations. Let’s delve further into the benefits of buying a 99-year leasehold property in contrast to a freehold property to help you make an informed decision:
- Lower Initial Cost:
One of the primary advantages of choosing a 99-year leasehold property like Tembusu Grand is its lower upfront cost compared to freehold properties. This affordability factor makes leasehold properties more accessible to a wider range of buyers, including first-time homebuyers or those with budget constraints. For detailed information on pricing, you can refer to the Tembusu Grand Pricelist. This development offers an excellent opportunity for individuals seeking a high-quality living experience with competitive pricing. By considering a leasehold property like Tembusu Grand, buyers can strike a balance between affordability and the desire for a comfortable and conveniently located home.
- Abundance of Amenities and Facilities:
Leasehold properties often come bundled with an array of amenities and facilities within the development. Developers of leasehold properties make a conscious effort to enhance the overall living experience by incorporating various recreational and communal spaces. These can include swimming pools, fitness centers, landscaped gardens, function rooms, and even dedicated areas for children to play and socialize. Such amenities offer residents an enriched lifestyle and foster a sense of community.
- Simplified Maintenance and Management:
The responsibility of maintaining and managing common areas in leasehold properties is usually handled by the developer or a management corporation. This arrangement reduces the burden on individual owners, sparing them the hassles of organizing maintenance activities or dealing with administrative tasks. Moreover, collective maintenance efforts often result in well-maintained shared facilities, creating a pleasant living environment.
- Potential for Capital Growth and Appreciation:
Despite the finite lease duration of leasehold properties, they still have the potential for capital appreciation over time. Factors such as prime location, increasing demand, and favorable market conditions contribute to the value growth of leasehold properties. Conducting thorough research on the market trends and development plans in the vicinity can provide insights into the growth potential of a particular leasehold property.
- Opportunities for Lease Renewal and Redevelopment:
Depending on local regulations and prevailing market conditions, leasehold properties may present opportunities for lease renewal or collective sales, also known as en-bloc sales. This can be advantageous for owners, as it provides the possibility of extending the lease term or participating in redevelopment projects. In such cases, owners may enjoy additional value and potentially benefit from the upgraded facilities and infrastructure in the renewed development.
- Flexibility for Future Changes:
Leasehold properties offer flexibility when it comes to upgrading or downsizing in the future. As the lease term approaches its expiration, owners have the option to sell their property and acquire another one that better suits their evolving needs. This flexibility allows homeowners to adapt to changing circumstances, such as a growing family or transitioning into a more compact living space.
- Alignment with Long-Term Financial Planning:
The shorter lease duration of a 99-year leasehold property can align with long-term financial planning. For buyers who do not intend to hold a property indefinitely, a leasehold property can be more suitable for their investment or retirement goals. It allows them to invest in real estate while having a clear timeframe and potential exit strategy in mind.
It is crucial to note that the benefits of a 99-year leasehold property can vary based on local regulations, market conditions, and individual circumstances. To make an informed decision that aligns with your specific requirements and goals, it is advisable to consult real estate professionals or legal experts who are familiar with the area and property laws. By seeking expert guidance, you can navigate the complexities of the real estate market and secure the property that best suits your needs.