Cornerstone Ghim Moh: A Comprehensive Guide to Investment and Lifestyle

Introduction

Cornerstone Ghim Moh is an upscale residential condominium located in the highly sought-after district of Ghim Moh, Singapore. Developed by Cornerstone Properties, the project comprises 554 spacious and elegantly designed units that cater to discerning homeowners and investors seeking a prime living experience. This article delves into the various aspects of Cornerstone Ghim Moh, highlighting its investment potential, lifestyle amenities, and essential information for prospective buyers.

Investment Potential

Cornerstone Ghim Moh enjoys a strategic location in the coveted Ghim Moh enclave, which has consistently outperformed the Singapore property market. According to the Urban Redevelopment Authority (URA), Ghim Moh saw a 7.3% increase in property prices in Q3 2022 alone. This upward trend is attributed to several factors, including:

• Excellent connectivity: Cornerstone Ghim Moh is situated near the Buona Vista MRT station, providing seamless access to the city center and various parts of Singapore.
• Prominent education institutions: The condominium is surrounded by renowned educational institutions such as the National University of Singapore (NUS) and Singapore Polytechnic, making it an ideal location for families with young children.
• Growing demand for luxury residences: Ghim Moh has witnessed a rising demand for luxury condominiums due to its proximity to the CBD and the abundance of amenities in the area.

Lifestyle Amenities

Cornerstone Ghim Moh offers a plethora of lifestyle amenities designed to elevate the lives of its residents. These amenities include:

• State-of-the-art fitness center: The condominium features a fully equipped fitness center with modern cardio and strength training equipment.
• Inviting swimming pool: Residents can enjoy a refreshing dip in the condominium's expansive swimming pool, perfect for relaxation or exercise.
• Tranquil landscaped gardens: Cornerstone Ghim Moh boasts beautifully landscaped gardens that create a serene and inviting outdoor living space for residents.
• Exclusive clubhouse: The condominium has an exclusive clubhouse that provides a social gathering space for residents, perfect for parties or events.
• 24-hour concierge service: The condominium offers 24-hour concierge service to assist residents with their daily needs and ensure their comfort and convenience.

Unit Types and Pricing

Cornerstone Ghim Moh offers a diverse range of unit types to suit the needs of various buyers, including:

Common Mistakes to Avoid

When purchasing a unit at Cornerstone Ghim Moh, it is crucial to avoid certain common mistakes:

• Not considering the long-term investment potential: It is essential to evaluate the long-term growth prospects of Ghim Moh before making a purchase decision.
• Overestimating affordability: Buyers should carefully assess their financial situation and ensure they can afford the monthly mortgage payments and associated costs.
• Relying solely on online resources: While online research is beneficial, it is always advisable to consult with a reputable real estate agent for comprehensive information and guidance.

Step-by-Step Buying Guide

Purchasing a unit at Cornerstone Ghim Moh involves the following steps:

1. Engage a reputable real estate agent: An experienced real estate agent can provide expert advice, access to the latest market data, and assist with negotiations.
2. View show units: Schedule an appointment to view the show units at Cornerstone Ghim Moh to experience the quality of construction and layout firsthand.
3. Secure financing: Obtain a mortgage approval from a licensed financial institution to secure the necessary funding for the purchase.
4. Sign the Sales and Purchase Agreement: Upon agreement on the price and terms, sign the Sales and Purchase Agreement (SPA) to formalize the purchase.
5. Complete the transaction: Pay the down payment and other associated costs to complete the transaction and take ownership of the unit.

Why Matters and Benefits

Investing in Cornerstone Ghim Moh offers several compelling reasons:

• Strong rental demand: The condominium's proximity to educational institutions and the CBD ensures a consistent demand for rental units, providing a potential income stream for investors.
• Capital appreciation: Ghim Moh's strong property market performance and Cornerstone Properties' reputable track record indicate a high likelihood of capital appreciation over time.
• Exclusive lifestyle: Cornerstone Ghim Moh offers a luxurious and convenient lifestyle with its extensive amenities and prime location.

Frequently Asked Questions

Q1: What is the estimated TOP date for Cornerstone Ghim Moh?
A1: The estimated TOP date is Q4 2024.

Q2: Is there a carpark at Cornerstone Ghim Moh?
A2: Yes, there is a carpark with ample parking spaces for residents.

Q3: Are there any nearby shopping malls to Cornerstone Ghim Moh?
A3: Yes, The Star Vista and Rochester Mall are within walking distance from the condominium.

Q4: What are the maintenance fees for Cornerstone Ghim Moh?
A4: The maintenance fees are estimated to be around $0.45-$0.55 per square foot per month.

Q5: How far is Cornerstone Ghim Moh from the CBD?
A5: Cornerstone Ghim Moh is approximately 7km from the CBD, a 10-15 minute drive.

Q6: Are there any schools nearby Cornerstone Ghim Moh?
A6: Yes, there are several schools in close proximity, including Ghim Moh Primary School, New Town Primary School, and NUS High School of Math and Science.

Conclusion

Cornerstone Ghim Moh presents an exceptional investment and lifestyle opportunity in the heart of one of Singapore's most sought-after districts. With its prime location, extensive amenities, and strong investment potential, the condominium offers a compelling proposition for discerning buyers seeking a luxurious and rewarding living experience.