Cornerstone Ghim Moh: A Comprehensive Guide to a Prestigious Residence in Singapore

Introduction

Cornerstone Ghim Moh, a luxurious private condominium located at 313 Ghim Moh Road, is a prestigious development that offers an exceptional living experience in the heart of Singapore. Developed by renowned real estate developer CapitaLand, the property stands as a towering icon in the Ghim Moh neighborhood, boasting premium amenities, elegant design, and a prime location. This article delves into the intricacies of Cornerstone Ghim Moh, providing comprehensive insights into its key features, investment potential, and the vibrant lifestyle it offers.

Architectural Masterpiece and Luxurious Amenities

The Cornerstone Ghim Moh condominium comprises 816 exquisite residential units spread across two 24-story towers. The development showcases a sophisticated architectural style that seamlessly blends modern elements with a timeless aesthetic. The facade features an eye-catching combination of glass, stone, and metal, creating a striking visual presence.

Inside, the units are designed to provide maximum comfort and functionality. Each apartment boasts spacious layouts, high ceilings, and floor-to-ceiling windows that flood the living spaces with natural light. Residents can choose from a range of unit types, including one-, two-, three-, and four-bedroom units, as well as luxurious penthouses.

The development also offers an array of top-notch amenities. The Clubhouse, a central hub for social and recreational activities, is equipped with a state-of-the-art fitness center, a swimming pool, a function room, and a children's playground. The Sky Terrace, an exclusive rooftop space, affords residents panoramic views of the city skyline and the lush surrounding greenery.

Prime Location and Accessibility

Cornerstone Ghim Moh enjoys an enviable location in District 10, a highly sought-after residential area known for its tranquility and proximity to amenities. The development is situated within walking distance of the Ghim Moh MRT station, providing convenient access to the city center and other parts of Singapore. Numerous shopping malls, including The Star Vista and Buona Vista Centre, are located nearby, offering a wide range of retail and dining options.

Investment Potential and Rental Yield

Due to its prime location, excellent amenities, and limited supply of residential units in the area, Cornerstone Ghim Moh presents a compelling investment opportunity. The property has consistently generated strong rental yields, making it an attractive option for both local and foreign investors.

Table 1: Recent Transaction Prices for Cornerstone Ghim Moh Units

Table 2: Rental Yield Comparison for Cornerstone Ghim Moh and Similar Properties

Vibrant Lifestyle in Ghim Moh

The Ghim Moh neighborhood is a vibrant and dynamic community with a rich history and culture. Residents of Cornerstone Ghim Moh can enjoy a wide range of shopping, dining, and entertainment options within walking distance of the property. The nearby Ghim Moh Market is a bustling hub of activity, offering a diverse selection of fresh produce, local delicacies, and household goods.

The neighborhood also boasts several renowned educational institutions, including Henry Park Primary School, NUS High School of Math and Science, and the National University of Singapore (NUS). The proximity to these institutions makes Cornerstone Ghim Moh an ideal choice for families with school-going children.

Step-by-Step Approach to Investing in Cornerstone Ghim Moh

1. Research the Market: Conduct thorough research on the real estate market in Singapore, particularly in District 10. Analyze recent transaction prices, rental yields, and market trends.
2. Determine Your Budget: Establish a clear budget based on your financial situation and investment goals. Consider the purchase price, mortgage payments, property taxes, and other associated costs.
3. Engage a Real Estate Agent: Seek the assistance of a reputable real estate agent who is familiar with the Cornerstone Ghim Moh development and the local real estate market. An experienced agent can provide valuable insights and help you negotiate favorable terms.
4. Secure Financing: If necessary, arrange for mortgage financing to cover the purchase price of the property. Compare interest rates and terms from different lenders to secure the most competitive loan.
5. Complete Due Diligence: Before finalizing the purchase, conduct thorough due diligence on the property, including a property inspection and a review of the development's legal documents.
6. Closing the Deal: Once you are satisfied with the due diligence results, proceed with the purchase process. Review the sale and purchase agreement carefully before signing the contract.

Pros and Cons of Investing in Cornerstone Ghim Moh

Pros:

• Prime location in District 10
• Excellent amenities and facilities
• Strong rental yield and investment potential
• Proximity to MRT station and other transportation hubs
• Vibrant neighborhood with a wide range of amenities

Cons:

• High purchase price compared to other developments in the area
• Limited availability of units
• Potential for noise pollution from nearby expressway

Frequently Asked Questions

Q1: What is the maintenance fee for Cornerstone Ghim Moh units?
A: The maintenance fee varies depending on the unit type and size, but typically ranges from SGD $350 to SGD $550 per month.

Q2: Are there any owner's club benefits or exclusive perks for residents?
A: Yes, residents of Cornerstone Ghim Moh can enjoy exclusive access to the development's Clubhouse, which includes a fitness center, swimming pool, function room, and more.

Q3: Is there a minimum period that an investor must hold the property before selling or renting it out?
A: No, investors are free to sell or rent their units at any time, subject to the terms of their mortgage agreement (if applicable).

Q4: How far is Cornerstone Ghim Moh from the city center?
A: Cornerstone Ghim Moh is approximately 10 kilometers from the city center, which is accessible by train in approximately 15 minutes.

Q5: Are there any restrictions on pets in the development?
A: Yes, there are some restrictions on the size and type of pets that are allowed in Cornerstone Ghim Moh. Residents are advised to consult the development's management for details.

Q6: What is the estimated completion date for Cornerstone Ghim Moh?
A: The development is expected to be fully completed by the end of 2025.

Conclusion

Cornerstone Ghim Moh is an exceptional private condominium development that offers residents an unparalleled living experience in the heart of Singapore. With its prime location, luxurious amenities, and vibrant neighborhood setting, the development presents a compelling investment opportunity for both local and foreign buyers. The step-by-step approach outlined in this article provides a comprehensive guide to investing in Cornerstone Ghim Moh, while the FAQs address common questions that potential investors may have. Ultimately, the decision to invest in this prestigious development should be made after careful consideration of individual needs and financial circumstances.