Second, Sims Dorado is a freehold development. It doesn’t have the full suite of condo facilities like its neighbour you get a pool, and that’s mostly it. However, there are some big differences.įirst, Sims Dorado is a truly tiny development, with only 35 units. Sims Dorado is across from Sims Residences (see above), so location wise the two are comparable. In total, there have been 32 profitable transactions, and 2 unprofitable transactions. Ltd.īest spotted gross rental income / yield: $31,600 per annum / 3.33 per cent (2-room) Read this next Property Picks 5 Cash-flow Positive Properties In The Outside Central Region (OCR) by Ryan Jĭistance to PLQ: 350 metres (five minutes on foot)ĭeveloper: Bravo Building Construction Pte. The pool and tennis court are pristine for a condo this age, although they’re all in one corner rather than being in the middle (the four stacks clustered around the facilities are clearly better located, compared to the ones near the entrance). ft., while three-bedders range from 1,141 to 1,195 sq. The units here are huge by today’s standards: the two-bedders average 1,012 sq. If you can overlook this, Astons Mansions is well-priced for a condo so close to PLQ. (As a trade-off, there’s a good coffee shop right around the corner where it turns into Astons Mansions).Īstons Mansions itself still looks decently well-kept, especially for a condo of 22 years it’s just unfortunately at the end of a, well, grubby street. To be blunt, the route into Astons Mansions – all the way at the end of Lorong 42 – is unappealing you have to turn into a street between a hodgepodge of stainless-steel supply shops, housing accessor shops, shady looking KTVs, etc. It often surprises viewers to learn that Astons Mansions is a Far East Organization project, as it doesn’t have the grandeur associated with their work. In total, there have been 120 profitable transactions, and 65 unprofitable transactions. Most recent transactions below $1.4 million: Date This is in addition to being just a few minutes away from PLQ’s malls, and also KINEX mall.ĭistance to PLQ: 600 metres (eight minutes on foot)īest spotted gross rental income / yield: $37,029 per annum / 3.56 per cent (3-room) There are even three supermarkets within 500 metres of this development: the FairPrice at Lorong 8, and the Giant outlets at Tanjong Katong Complex and Paya Lebar Square. On the surface it’s unremarkable – but if you walk a short distance down Lorong 39, you’ll run into a huge stretch of eateries (some open 24 hours), convenience stores, and minimarts. While this condo is getting on in years (19 years old at the time of writing), it’s still one of the best kept secrets between Geylang / Paya Lebar. Sims Residences is next to Sims Dorado and D’weave (see below). In total, there have been 59 profitable transactions, and 15 unprofitable transactions. Most recent transactions below $1.4 million Date The Paya Lebar MRT station is located at PLQ, so the distance from the development to PLQ (indicated in the profile) is also roughly the same distance to the MRT station.ĭistance to PLQ: 300 metres (four minutes on foot)īest spotted gross rental income / yield: $39,055 per annum / 3.57% (3-room) If you’re looking to invest in Paya Lebar, here are the ones with the current top gross rental yields: There are still some alternatives however: we found some condos that are within one kilometre of PLQ, but still have prices under $1.4 million. We also wanted to discount those that were between Geylang Lorong 8 to 24 – mainly because of the red light district and possible financing issues. While some of the yields are attractive (for Singapore at least), the realities are that some of these are not the closest to Paya Lebar Quarter. If you are looking for the ultimate rental yields, here are the top 20 that we’ve found currently: Project Unfortunately, it may be tough for a new investor to get a piece of the action now prices in Paya Lebar have soared over the past few years, and seem set to go higher. Paya Lebar Quarter (PLQ) has turned the area into a new commercial hub, and a major property hot spot.
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