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.
Neem Tree (former Kemaman View) will be the latest freehold new launch project to add on to the current collection of private properties in District 12, Balestier area.
If you have been a long-time admirer of the Balestier precinct, you would probably know that this is one of the areas in Singapore to house the biggest amount of freehold properties.
And as a matter of fact, there hasn’t been many launches in the precinct for the last couple of years, other than some of the recently completed projects such as VA Residences, Ascent 456, VIIO at Balestier and City Suites.
Thus, Neem Tree at Balestier presents a rare opportunity for property buyers to lay their hands on a freehold asset in this land-scarce nation. Let’s take a look at what this development has to offer.
Neem Tree Developer
The developer, is usually one of the first things we look at before even considering if this property is worth it, as it will more often or not determine the quality of the project – such as the floor & wall finishes and layout etc.
Neem Tree’s developer is Aylesbury Pte Ltd. Honestly, they may not be one of the biggest property developers in town, but they are definitely no rookie in the real estate business.
This is, in fact, Aylesbury Pte Ltd’s maiden residential project in Singapore after successfully completed various industrial properties (such as E9 Premium at Woodlands Industrial area) and numerous boutique hotel projects in Singapore.
Neem Tree Location
Despite plenty of mixed opinions of the Balestier precinct, one can never deny its excellent city-fringe location in Singapore.
Neem Tree is located at 30 Jalan Kemaman, Singapore 329341 – just at the brim of the Balestier main road, just slightly off Thomson Road on one end and the Novena precinct on the other. In simple terms, Balestier is practically just situated next to one of the prime districts in Singapore (Newton/Novena).
For future residents of Neem Tree, the lifestyle along Balestier Road is, in fact, more diverse as compared to other districts in Singapore – with plenty of shops, food eateries, boutique hotels, religious temples, industrial properties, hospitals and residential apartments. “Busy and colourful” – this is what most market watchers would describe Balestier Road as.
Since 2000 or even earlier, Balestier’s glamour has been well-blended between the old and the new – from the development of new commercial properties such as Zhongshan Mall and Shaw Plaza, to the gazetting of multiple buildings under conservation that include shophouses with heritage value (some built since 1840s) and of course, the Sun Yat Sen’s villa.
In terms of convenience, dwellers at Neem Tree are just a short walk to Shaw Plaza, where they will find one of the largest Fairprice supermarket and Shaw cineplex.
On top of that, you are just a short drive away to Orchard Road is just less than 10 minutes. Otherwise, Novena MRT Station is just a mere 8 to 10-minute bus ride away.
Neem Tree Floor Plan and Unit Types
Neem Tree will be a high-rise development, consisting of only 84 units in total – with only 6 units per level. The following are the Neem Tree floor plan and units types available:
- 1-Bedroom (419 to 452-sqft)
- 1-Bedroom + Study (506-sqft)
- 2-Bedroom (624-sqft)
- 2-Bedroom + Study (710-sqft)
- 3-Bedroom (818-sqft)
- 2-Bedroom Dual-Key Penthouse (947-sqft)
- 3-Bedroom Penthouse (1,335-sqft)
- 3-Bedroom Dual-Key Penthouse (1,163-sqft)
As you can see, Neem Tree does offer a good selection of choice units types and the floor plan does showcase the efficient use of the space given.
Neem Tree Price Guide and Transactions
As of 21 October 2017, Neem Tree have sold 24 units based on caveats lodged by the Urban Redevelopment Authority (URA) at an average psf price of S$1,632. The following table reflects the last 10 transactions at Neem Tree.
|CONTRACT DATE||ADDRESS||SIZE (SQFT)||PSF$||TOTAL$|
|8-Jun-17||30 JALAN KEMAMAN #12-01||710||1547||1,099,080|
|27-Mar-17||30 JALAN KEMAMAN #06-04||624||1730||1,080,000|
|12-Jul-16||30 JALAN KEMAMAN #14-03||452||1880||850,000|
|18-May-16||30 JALAN KEMAMAN #13-03||452||1747||790,000|
|10-Mar-16||30 JALAN KEMAMAN #07-05||420||1641||688,888|
|17-Dec-15||30 JALAN KEMAMAN #05-03||452||1557||704,000|
|22-Oct-15||30 JALAN KEMAMAN #06-05||420||1714||719,700|
|28-Aug-15||30 JALAN KEMAMAN #16-04||624||1618||1,010,000|
|27-Aug-15||30 JALAN KEMAMAN #04-03||452||1546||699,000|
|20-Aug-15||30 JALAN KEMAMAN #10-03||452||1593||720,000|
Here’s a rough indication of the Neem Tree price guide. For further confirmation, please do drop us a note or give us a call at (+65) 6631-8384 for clarification and updates.
- 1-Bedroom from $692,000
- 2-Bedroom from $936,000
- 3-Bedroom from $1.18 million
- 2-Bedroom Penthouse – $1.42 million
- 3-Bedroom Penthouse from $1.697 million
Neem Tree Showflat
The Neem Tree showflat was previously located at the actual site of the new launch project. However, as the development is already under construction, Neem Tree showflat has already been demolished. There may be plans in future for the developer to set up an actual unit for buyers to view. So do let us know if you are interested and we will definitely keep you posted!
Neem Tree Condo Review
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!
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 an area where you will find all the amenities – food, supermarket, movie theatre, medical facilities, furniture, sports & recreational activities..all you can name! If you have lived here as long as I did, you will realize 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.