Balestier area has always been a combination of the past, the present and the future. Not only will you find rich history, it’s also known for an area where you will find delicious delicacies along the stretch.
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Neem Tree (former Kemanan View) will be the latest freehold development to add on to the current collection of private properties in District 12, Balestier area. It will be a high-rise development, expected to consist of 84 units in total.
Artist impression of Neem Tree
Situated in District 12, which Balestier area taking up more than 80% of the overall number of properties in the district, you will be able to see the massive appreciation since 2006. The average PSF price rose from as low as $412psf to $1,437psf! That’s an appreciation of 348% in just 7 years!
District 12 Price movement since 2006
And did I mentioned that there’s no MRT in Balestier? You can see why investors will be focusing closely on Neem Tree next. It’s no surprise that this new launch is named after this fast-growing tree called Neem.
Being a home-grown Balestier kid myself, I simply appreciate the location. Driving to Orchard is just mere 5 minutes and it’s area where you will find all the amenties - food, supermarket, movie theatre, medical facilities, furnitures, sports & recreational activities..all you can name! If you have lived here as long as i did, you will realise that often there will be expatriates walking their dogs or jogging around the area. It’s a sight that you will rarely find in other suburban districts.
When we shared about tenure with some property buyers, freehold properties has always been their preferred choice. And that’s all Balestier have - freehold properties!
What entry price are we looking at for Neem? Let’s look at one of Neem Tree‘s friendly neighbour - Prestige Heights.
As you can see, being a resale unit, Prestige Heights has already achieved a record PSF of $2,119. If you can get anything lower for Neem Tree, is it a good deal?
For more details of this development, do drop me a note or give me a call. I will be more than willing to share with you.
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