Top 10 most resilient planning areas in Singapore (Geylang holds the top).
According to data from the REALIS database provided by URA, below are the breakdowns of the average resale prices of landless private properties for each planning area from top to bottom: bottom for each past bear cycle.
Next, Is the ranking of the planning area with the least discount; The planning area with the least deterioration can be considered the most resilient. This way of analyzing market trends can provide investors with a reference point to start their real estate search in light of current weather conditions.
In addition, from this analysis, the 10 best performing zoning areas have been identified in each real estate cycle over the past 20 years (see Chart 2). Of the 55 planned areas in Singapore, some are clearly planned and are performing better than others. These regions are respectively Geylang, Toa Payoh, Ang Mo Kio, Clementi, Hougang, Jurong West, Kallang, Orchard, Rochor and Yishun, appearing at least twice in the Top 10 list in each cycle. (recorded in Chart 3).
Sustainable rental yield of properties in Geylang area.
Through this assessment of 10 planning areas, the price of Geylang properties is the most resilient, appearing three times in the top 10 list in the last four cycles (including the current cycle). It can be seen that the resilience of value in these two areas is partly due to the relatively well-built residential areas, with excellent connectivity to the city center combined with rich amenities. The possibility of rental and selling price growth is largely due to the impact of fundamental factors.
Based on real assessment, analysis of the total rental yield of landless private properties in the Rest of Central Region (RCR) or the city fringes, Geylang's condo demonstrated sustainable rental yields throughout the three most recent peak-to-trough cycles. The resilience in rental yields for real estate in Geylang has been positive, most evident since 2008, where it consistently ranked second. Other RCR areas with similar resilience are the Queenstown Planning Area and Bukit Merah Planning Area. While there are many other factors that need to be taken into account when investing in real estate, what is covered here is a high-level method of screening investment opportunities. You should consider other properties of the planning area and determine if you agree with what the data shows.
Why invest for the properties in Geylang?
- Geylang is ideal because of the proximity to central Singapore, where the majority of commercial activities take place.
- About connection, Geylang is highly accessible via a variety of options, both public and private. Surrounded by 3 MRT stations; one on each end (Paya Lebar MRT and Kallang MRT), and the one is Aljunied MRT that right in the middle of the area.
- As the main road leading to the city from the east of Singapore, a large number of buses run through its main road. Geylang is also well connected to major highways allowing easy and convenient access to further parts of Singapore.
- Including a range of recreational things to do in Geylang, no less helped by the presence of a few popular shopping malls in the Paya Lebar development region such as Paya Lebar Quarter and others options.
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List: Condominiums worth mentioning in Geylang
So far, Geylang has kept its charm in every sense, a magnificent red light district that is slowly renewing itself. With good security management from the regional police along with the population change as a dialysis has gradually transformed Geylang into one of Singapore's top destinations. Geylang is like a bridge connecting the east side of Singapore and the downtown area starting from Nicoll Expressway onwards, Geylang will take you straight into the opposite side of town. Everything is within reach when you choose Geylang as a safe place and it is really an easy place to live.
Next, take a look at some HOT projects in Geylang, maybe one of which is your destination.
Rezi 24 is a freehold development along Geylang Road Lorong 24, in close proximity to the Kallang River. At 8 storeys high and comprising only 110 exclusive units, this property comes with a very impressive facade. The environment itself incorporates a high number of green spaces and gardens and will surely appeal to those who are looking for tranquility and serenity even within earshot of the city.
In addition, you will be surrounded by amazing views of the nearby Kallang River and flanking greenery, since a part of the facade will be facing the waterfront. A more unique feature is that a communal garden is designed into each and every level of the development. It is as if you’re living right in nature itself. Rezi 24 is indicative of how future condo developments in Singapore will look like, with modern structures intertwining harmoniously with natural elements.
For more information on Rezi 24 freehold condo project, click here!!
33 Residences is a new freehold development along Geylang Lorong 30, expected completed and TOP in 2021. This condo project comes with a wide range of facilities including a swimming pool, jacuzzi as well as pool deck, all for the convenient relaxation of its residents after they come back home from a long hard day at work. It also has a BBQ area that residents can utilise to party with loved ones and friends.
With its location right at the junction of key transport connections and direct links to the PIE expressway, as well as proximity to various recreational attractions, this development easily commands a high rental yield that is ideal for investors. For those with their children’s learning needs in mind, a long list of excellent schools are just nearby, such as Chung Cheng High School, Tanjong Katong Girls’ School, Kong Hwa School, as well as Eton House International School just to name a few.
Learn more about 33 Residences - one of the featured condo at Geylang
Casa Aerata is a freehold condominium development located at 9 Lorong 26 Geylang in District 14. This project was completed in 2014 and it stands 8 storeys tall and comprises a total of 78 units.
It is within walking distance to MRT stations Aljunied, Dakota, Mountbatten which provide residents easy access to other areas of Singapore. There are not too many amenities on the doorstep, but that will more than likely change as gentrification tales hold of the area, and the impact is lessened to a large extent by the MRT. For vehicle owners, driving from Casa Aerata to either the business hub or the vibrant Orchard Road shopping district takes just about 10 - 15 minutes, via Pan Island Expressway (PIE).
Explore Casa Aerata interesting details, prime location and design right now!
To sum up, Geylang is rising
Geylang is losing its notoriety and becoming more attractive as a place of residence, especially for young couples and families looking at the new condominiums that have popped up in the area. Condo at Geylang are always worth checking out because of their locality: Located at mature residential estate at the eastern part of Singapore, just minutes of travelling away from the downtown area. Some HOT condo launches in this area as Rezi 24, Olloi, and a few others waiting to be released soon.
We are always updated with news from Geylang - a mature and dynamic area rich in real estate potential. Visit the Geylang News, to get breaking news and breaking news that bring you reliable news. Tracking now!
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