Blossoms By The Park

This new 265-unit private residential project is only a mere 3 minutes' walk to Buona Vista MRT Station.

73

Blossoms by the Park condominium comes on the back of the successful launch of One-North Eden back in April 2021. All 165 units were fully snapped up in just 11 months.

It was developed by TID, which is a joint venture between 2 real estate developers – Hong Leong Holdings and Mitsui Fudosan.

The one-north precinct in Singapore has been well known for being the home to many mega biotechnology and information technology companies.

Therefore, this is possibly one of the biggest plus points for Blossoms By The Park.

It will certainly attract property investors who are looking for rental income.

However, it hasn’t been a popular location for those looking to purchase a home.

Since 2006, only 2 residential projects have been launched in the area. There were One-North Residences (completed in 2009) and The Rochester Residences (completed in 2011).

One-north Sales Transactions Data

As you can see from the chart above, the sales transactions in both of these projects were lackluster from 2018 – 2020.

They were averaging at 1 unit transacted per month. However, there was a huge surge in 2021.

Related Posts

Dunman Grand

There were several factors that contributed to this astounding increase in demand and interest.

One of them was the lack of supply of new launch condos in Singapore and another key factor was the launch of Normanton Park and One-North Eden.

Back then units at Normanton Park and One-North Eden were sold at around $1,794 psf and $1,988 psf respectively.

On the contrary, units at Rochester Residences and One-north Residences were changing hands at an average psf of $1,371 and $1,456 respectively.

They were definitely more “budget-friendly” for homebuyers who are price-sensitive.

So, will Blossoms By The Park condominium be a good buy in 2023?

Let us dive deep into the details.

Blossoms by the Park Project Details

Here’s a quick overview and some specifications of the project.

Project Name Blossoms by the Park
Address Slim Barracks Rise
Type Residential and Commercial on 1st Floor
Developer EL Development Pte Ltd
Tenure 99-year Leasehold
Site area ~85,648 sq ft
Total number of units 265
Number of blocks
Number of storey
Expected TOP date Mid 2026
Land Price $320.1 million / $1,246 psf ppr

 

More to follow …

78%
Pretty Good!
  • Location
  • Transport Links
  • Amenities
  • Interior
  • Value

Register your interest to gain privileged information

Sending
You might also like
Comments
Loading...