Introducing The Crest condominium, it is a newly launched project in Singapore by Wing Tai Holdings Limited.
Designed by the famous interior design firm Toyo Ito & Associates, this condominium has a unique appeal in that it is designed to blend in with nature and greeneries. The buildings themselves looking like huge bamboo towers while almost everywhere floor (or rather wherever they can get fit in) has some sort of vegetation being planned.
Looks aside, this condo is situated in an enclave close to the prestigious Good Class Bungalow area near Tanglin with no HDB surrounding it. Hence buyers can feel a sense of exclusivity here. However, we all know what really sells in singapore, the big red important 3 Letter word: MRT. In the case of The Crest, RedHill MRT station is just a short 5 minutes walk with plenty of greenery along the way, away from the usual busyness of the human traffic associated with MRT stations but still close enough to make it desirable for tenants looking for units with great location.
There are quite a few condominiums (like Alex Residences) in the vicinity that will ultimately compete with The Crest should buyers wish to purchase for the purpose of rental yield then? One thing it offers is the quietness that comes along with the location, second it offers a unique design that might appeal to expats with swimming pools that integrate with villas to offer a semi water front view exclusive to residents only. Secondly, this condo is an ideal choice for investors with one or more properties as the developer is currently offering a limited period only ABSD reimbursement(please double confirm with the relevant people for more specific details as it is subjected to changes without prior notice) to singapore residents.
So is this a property worth investing in for investors and self stay? That we would leave it to our readers to decide if exclusivity, the convenience, the top class architecture, top class facilities can justify the slightly higher quantum for this development.