103 Clementi Road: A Comprehensive Guide to Real Estate Investment and Lifestyle

103 Clementi Road is an esteemed freehold residential development strategically situated in the heart of Clementi, a vibrant and well-connected neighborhood in District 5 of Singapore. This iconic development stands as a testament to urban living, offering a harmonious blend of convenience, tranquility, and investment potential.

Location and Accessibility

Boasting a prime location, 103 Clementi Road enjoys unparalleled connectivity. It is a mere 5-minute walk from the Clementi MRT station (EW23), providing swift access to the East-West Line. Additionally, the development is conveniently located near major expressways such as the Ayer Rajah Expressway (AYE) and Pan Island Expressway (PIE), ensuring seamless travel to various parts of Singapore.

Amenities and Lifestyle

103 Clementi Road is surrounded by an array of amenities, catering to the diverse needs of its residents. Within a short walking distance, residents can access numerous dining options, supermarkets, retail shops, and entertainment venues. The nearby West Coast Plaza and Clementi Mall offer a wide selection of retail outlets, supermarkets, and cinemas.

For fitness enthusiasts, the Clementi Sports Hall and Stadium are just a stone's throw away, offering a range of sporting facilities. The Clementi Woods Park, a scenic green space, provides a tranquil haven for relaxation and recreation.

Educational Institutions

103 Clementi Road is strategically located near renowned educational institutions, making it an ideal choice for families with school-going children. The National University of Singapore (NUS) and Singapore Polytechnic are within a short drive or commute, providing access to world-class higher education.

Property Details

103 Clementi Road comprises a total of 448 residential units, ranging from cozy studios to spacious penthouses. The development features a range of layouts and configurations, catering to the diverse needs of buyers and investors.

Investment Potential

103 Clementi Road presents a compelling investment opportunity due to its favorable location, strong track record of rental yields, and potential for capital appreciation. The development is highly sought after by both local and foreign investors, owing to its proximity to amenities, educational institutions, and transportation hubs.

According to Urban Redevelopment Authority (URA) data, the average transaction price for units at 103 Clementi Road has steadily increased over the past few years. In Q3 2023, the average unit price stood at S$1,285 psf, representing a 10.3% increase compared to S$1,165 psf in Q3 2022.

Pros and Cons

Pros:

• Prime location with excellent connectivity
• Proximity to amenities, educational institutions, and recreational facilities
• High rental yield and potential for capital appreciation
• Freehold tenure, ensuring long-term ownership
• Well-maintained development with a strong track record

Cons:

• May be subject to noise and traffic during peak hours
• Limited parking spaces, especially during weekends
• Relatively high maintenance fees

Effective Strategies for Investing in 103 Clementi Road

• Conduct thorough research: Analyze market trends, rental yields, and price projections before making an investment decision.
• Secure financing: Pre-approve your mortgage or consider alternative financing options to ensure financial readiness.
• Engage a reputable real estate agent: Leverage their knowledge and expertise to navigate the buying process and secure the best deal.
• Consider the long-term perspective: Remember that real estate investments are typically long-term ventures, so focus on the potential for appreciation and rental income over time.
• Be prepared for additional costs: Factor in expenses such as stamp duty, legal fees, and maintenance fees when budgeting for your investment.

Frequently Asked Questions

1. What is the average rental yield for units at 103 Clementi Road?

Based on ERA Realty, the average rental yield for units at 103 Clementi Road is approximately 2.5% to 3.0% per annum.

2. What are the maintenance fees for 103 Clementi Road?

The maintenance fees for 103 Clementi Road are approximately S$0.28 to S$0.35 per square foot per month.

3. Is there a minimum stay requirement for tenants at 103 Clementi Road?

Yes, the minimum stay requirement for tenants at 103 Clementi Road is typically 6 months.

4. Are there any restrictions on pet ownership at 103 Clementi Road?

Yes, pet ownership is generally not allowed at 103 Clementi Road. However, small pets may be permitted with prior approval from the management.

5. What is the expected completion date for 103 Clementi Road?

103 Clementi Road was completed in 2009. It is a completed development and there is no expected completion date.

6. How do I get to 103 Clementi Road?

103 Clementi Road is accessible via public transportation (Clementi MRT station), private vehicle (AYE and PIE), and taxi.

7. What is the average price per square foot (psf) at 103 Clementi Road?

The average transaction price for units at 103 Clementi Road, as of Q3 2023, was S$1,285 psf.

8. Is there a swimming pool at 103 Clementi Road?

Yes, 103 Clementi Road has a swimming pool available for residents' use.

Call to Action

103 Clementi Road represents an exceptional real estate investment opportunity in a highly sought-after location. Its prime connectivity, proximity to amenities, and strong rental demand make it an attractive proposition for both investors and homeowners.

If you are looking to invest in a freehold property with high growth potential, schedule a viewing of 103 Clementi Road today. Our team of experienced real estate professionals will be delighted to assist you in exploring this exceptional development and guiding you towards making an informed investment decision.