Project Review:

Seraya Residences

Is it a good buy or bad buy?

Market View

The market of real estate in Singapore is huge. A lot of people prefer investing in properties in Singapore as they have good value and return of investment.

In spite of some measure from the government to cool down the market, it has been pretty positive when it comes to the primary home investment. The official data also shows that private home rates have rose to 9.1 per cent from the last year. Yet, people are still preferring to invest in a residential house.

Seraya Residence is a complete luxury valour which is developed by TEE Land developers. The launch date is mostly estimated to be in the year of 2020 in the third quarter.

Details about the development

Seraya Residences is a 99 year lease hold project which is located in the Seraya Crescent Enclave. They are known to be one of the finest condominiums of Singapore.

The location of the project is such that it is surrounded by the most beautiful Lower Pierce Reservoir Park. This makes the whole place filled with nature and serenity which makes it an ideal residential place.

Tenure

99-Year

District

15

TOP

April 2022

Site Area

2,236 sqm

No. of Units

50

Developer

TEE Land

TEE Land developers are known for making one of the best residential projects. They minutely focus on the details and create houses keeping in mind the residents’ demands.

While the registry is concerned, buyer just need to get their QR code scanned. The developers want to give them a convenient and eco-friendly option.

They also utilise the maximum space of the particular plot and use smart technologies and posh furniture in their houses.

Mix of 50 units are to be constructed in the Seraya Residences. Not all the units are same as each unit has an option of 1-4 bedrooms.

The shelters are developed keeping in mind a single professional, couple and a small family. They are low rise residential condominium which have a lot of communal facilities.

The total land area of the Seraya Residences is said to be spread across 2,236 square meter which is bought by the TEE Land developers in S$25.74 million in total.

The whole land was divided in to 6 plots overall. The developers have planned to build only Seraya Residences units on the plot. The developers have not yet specified anything about the temporary permit of residence.

Where is the development located?

Seraya Residence is located at the 12 Seraya Lane, in District 15. The location is such that it is easily accessible through public transports and road networks.

A couple of MRT stations like Mayflower MRT, Bright Hill MRT, and Lentor MRT are very nearby. A lot of bus feeder services are available near the Seraya lane.

The best part is that the Thomas East Coat line is planned to be completed by the year of 2020. East Coast Parkway and Pan Island Expressway are very nearby to Seraya Residence.

Apart from that Shenton Way and Marina Bay Sands are also very nearby from the residence. People who drive will not face a problem at all because business hub and orchard road is just 10 minutes far, if driving from Seraya lane B.

Stirling Residences

Seraya Residences location map

According to the Google Maps it might take just 12 minutes to drive from Seraya Residences to Pan Island Expressway. Apart from that Seletar Expressway and Central Expressway are also very nearby.

Seraya Residences driving distance to CTE

The selling points about development

The first and foremost point is that it is nearby to a lot of different MRT stations which will make it easier for the residents to use public transport. Apart from that all the main roads of the city are very nearby, if you are driving. also see the Seraya Residence Amenities

Seraya Residences bus going to Mayflower MRT Station

 

The next best thing about this property is that it is located in an area from which malls like Poiz Residencies, Kovan Heartland and Bishan junction 8 are very nearby.

Even Dunman centre is located at a walking distance which is filled with different restaurants to eat. The location will also provide its residents access to the natural trail of the East Coast Park.

Seraya Residences near Bishan junction 8

 

The other selling point of this property according to me is the availability of a lot of schools in the locality. People who have a family will want to have this advantage. Schools like Peirce Secondary school, Chij St. Nicholas Girls School, Mayflower secondary school and Canadian International are just a few names in the vicinity.

Seraya Residences near Ai tong school

 

The aesthetics of Seraya Residences will also be a major reason for its selling. The units of the residence are filled with luxury. They almost give a feeling of resort to the owners.

The units are also very sophisticated and chic in their look. Also, the condos are in option of one room as well. This will prove to be a great selling point for single professional who want to live in style. The same thing will go for couples as well.

Seraya Residences location

 

Thus, the option of 3-4 rooms not only blend with the lifestyle of the owner but also their personality. The units are completely furnished and have smart technologies of the best quality.

The other thing that I feel will resonate with the buyers is the location. In spite of being in the buzz of an urban city, Seraya Residences strives to give a peaceful and tranquil environment to its owners.

The residence also includes facilities like individual car parking, swimming pool and 24 hours security. Children’s playground, sun deck, reading alcove and BBQ terrace are added attractions in each unit.

My thoughts about the development

I find the location to be very prime and Seraya Residence will be in direct competition with Lattice One which is also located in Seraya Crescent Enclave and is developed by TEE Land only.

Apart from that there are other residencies like Parc Botannia which is transacted to a price of about S$12xx psf. There is also the Brook I and II which is said to be on a price of S$11xx psf. Belgravia villas and Kandis residence are also in the neighbourhood which are said to have transacted at a price of S$8xx psf and S$13xx psf respectively.

Seraya Residences near serangoon NEX shopping mall

 

Thus, I feel the rates of Seraya Residence will also be around the same range only. The exact price per unit is still not clear from the developer but it should be out soon. I think the price is not at all overrated for the amount of quality and space that they provide with all the luxury ameneties.

There is a likely chance of this property being rented as well. Because of its wonderful residential location, a lot of people will prefer to stay in the Seraya Residence. Its proximity to the MRT station will also prove beneficial. People who do own a car will also be interest to stay in this property.

Seraya Residences near mayflower MRT Station

 

The location offers a lot of shopping centres and supermarkets too. Since, it has a complete package to offer to its residents, I feel Seraya Residence will be sold out within no time. also find the Seraya Residence Floor Plans

  • Pricing – 95%

The estimated price is said to be somewhere between S$9xx psf to S$15xx psf which is not at all bad for a prime location. The facilities and ameneties that the residence provides to its owner is simply amazing. Also, the space of the house with the immense facilities are worthy of the Seraya Residence price.

  • Location – 98%

I really think that the Seraya Residence location is just appropriate for a residential project. The developers have actually thought about all the different kinds of residents and selected the site.

Commuting is super easy for people with a car and also for people who prefer the public transport. The proximity of the MRT stations and expressway just makes everything very easy.

Also, the location has ample of malls, shopping centres, supermarkets and restaurants for entertainment purpose. This will be an advantageous point for all the people who have extremely busy life schedules and do not want to spend the weekend travelling.

Apart from that, the availability of schools makes it a favourable location again for families.

The location is also nestled in greenery and the proximity of the park will make the fitness enthusiasts opt for Seraya Residence.

  • Quality – 90%

The Seraya Residence developer is known to be very experienced. They are known to be making good quality developments and their sole objective is “Design for Living”.

They take a lot of pain in understanding the requirements of their clients. They are also known for following the latest house trends and use the best smart technologies so that they could attract the young buyers as well. Their portfolio includes ample of sites. Few of them are Lattice One and 35 Gill stead.

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