Ki Residences Condo Review | 99 vs 999yr Comparative Analysis
Ki Residences has been launched for some time. However, it is still the most ‘value for money’ new launch in Singapore.
📌 Ki Residences Review – Overview
Located in the Sunset Way estate, surrounded by lush greenery, Ki Residences has peace and serenity written all over it. This is definitely an outstanding development when you look at its different facets. There are 3 unique selling points
- 999 years lease.
- Located in Exclusive Sunset Way Estate
- Unblocked views for all 660 units
80% of the site is dedicated to facilities and landscaping. All the units have a north-south orientation. The frontage of the development is 385 meters long.
📌Ki Residences Review – Schools Nearby
There is certainly no shortage of primary schools within the 1-2km range. Within 1km is Bukit Timah Primary School. Clementi Primary School, Methodist Girls’ School, Nan Hua Primary School, Pei Hwa Presbyterian Primary School are all within 2km radius
Reputable secondary schools like NUS High School of Math and Science and School of Science and Technology, Singapore are just down the road in the Clementi area. Ngee Ann Polytechnic and SIM university are also nearby.
📌 Ki Residences Review – Future Transformation
There is going to be some very exciting transformation happening in the vicinity of Ki Residences. The first one being, an integrated transportation hub at Beauty World area, which will include many new developments. This will definitely bring up capital gains for the properties in the area.
When comparing Ki Residences with the mixed-use development at Beauty World, which is 99 years leasehold and costs more, Ki Residences will automatically be the more attractive proposition.
📌 Ki Residences Review – Nearby Government Land Sales
There are two plots of land nearby, one that is just beside Brookvale Drive and another on the Clementi Crescent side, have been gazetted for residential use in the future.
These 3 plots of GLS (Government Land Sales) sites will be sold on a 99-years tenure. These long term development and transformation of the vicinity will bring about huge capital increase for the Ki Residences, as she has the 999-years lease advantage
On top of this, there is also the Dover Forest which will be used for both housing and nature. The first housing project here will be launched in 2022.
📌 Selling point 1: 999 Years
When comparing the capital appreciation of freehold projects versus 99 years leasehold projects in the vicinity, it is obvious that the freehold property appreciates more as the properties age.
Case 1: Signature Park (Freehold) versus High Oak (99yrs).
- Signature Park Average Prices was $700 psf in Year 2000 & $1,350 psf in Year 2021
- High Oak Average Prices was $600 psf in Year 2000 & $1,035 psf in Year 2021
Case 2: Southhaven 2 (999yrs) and Southhaven 1 (99yrs)
- Southhaven 1 average prices was $600 psf in Year 2000 & $960 psf in Year 2021
- Southhaven 2 average Prices was $700 psf in Year 2000 & $1,262 psf in Year 2021
📌 Selling point 2: Capital Appreciation
Ki Residences is also about greenery, serenity and space. The land size is 340,104 square feet. To the north is greenery, to the south is the Sunset Way Estate. Totally unblocked views.
📌 Ki Residences Review – Top Buyers’ Concerns
Some buyers may be concerned that this site is quite secluded as it is not near any MRT stations. The 2 closest train stations at the moment are Beauty World MRT at 1.52 km and Clementi MRT at 1.66 km.
To alleviate transportation concerns, there will be a shuttle bus in this development. Also, as part of the effort to improve accessibility, the developer will undertake to extend the current Brookvale Walk for easy connection to Clementi Road in order to provide a more direct route from Ki Residences.
If you drive, you are just 5 mins away from both the PIE and AYE.
📌 Ki Residences Review – Prices
Ki Residences is currently being marketed at prices starting from $16xx psf. Just imagine, a 999 years project being sold at 99 years leasehold prices. As of 8 Sep 2021, these are the available units left. 4 and 5 bedders have been sold out.
For those who are interested to find out more, please contact us at 98285808 and we are confident of finding the unit that is most suited to your needs and preferences.
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