Glendale Park May 2023 Update


Tenancy agreement signed, spent $800 to replace the original defective hob. Besides that no other repairs before the 2 years tenancy starts. Its a 3 burner hob from Mayer with a 2 years guarantee. 

Month of April 2023, rental range for 2 bedroom is 3.5k to 4.5k. I am guessing there is a premium to fully furnished or complete renovated units compared to unfurnished original condition ones. The majority of transactions though is still at the high 3k range. 

For the month of May 2023, another all time high transacted psf done at S$1,628. Means ytd Glendale has increased from $1,562 psf(price from end of last year) to current S$1,628 which is a 4.22% increase(S$68,178) ytd. 

Since inception(2019) in terms of capital appreciation basing on our purchase price of S$1,147 psf, is S$496,873 which is around 42% gain. Total gain(capital appreciation + net rental): S$614,853(51.9%)

The capital gain potential for Hillview area is very dependent on the new launches around the area. Have to wait and see, but from what I can perceive, I doubt the reception will be as frenzied as last year.

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