12 on Shan is a rare freehold development located in District 12, along Irrawaddy Road. Located just 600m away from Novena MRT, 12 on Shan is expected to be a HOT development as the rental yield is going to be rather attractive. Developed by TA Reality Pte Ltd, there will be a total of 78 units in this development, from 1+S to 3Bedroom and 3Bedroom Dual-key units. The development is expected to attain its TOP before September 2019.
12 on Shan: Location
MRT STATION AND EXPRESSWAY
Located just 600m away from Novena MRT, 12 on Shan is a development that is priced as a District 12 condominium, but has a status equivalent to that of a District 11 private condominium. With that said, 12 on Shan also has easy access to major expressways like CTE and PIE. Orchard Road is only 3 MRT stops away from 12 on Shan.
CONNECTIVITY TO AMENITIES
12 on Shan is just a 5-min walk away from shopping malls like Velocity and Novena Square. Moreover, it is located along a stretch of famous eateries including Boon Tong Kee Chicken Rice among many others. Tan Tock Seng Hospital is within walking distance from this exquisite development. Orchard Road is less than 10 minutes drive away.
This development has 1+Study, 2 Bedroom, 3 Bedroom and 3 Bedroom (Dual-Key) lay-outs that are all ideal for own-stay and investment. The 1+S provides sufficient space that makes the unit feels much more spacious than 1 Bedroom units in many other developments. Moreover, the 3 Bedroom Dual-Key is a popular concept that allows home-owners to ‘own 2 units’ at the price of 1, and thus ‘avoiding ABSD’.
New launches like 12 on Shan are expected to be priced at a much lower price than neighboring developments, hence buyers can expect a 10-20% capital appreciation upon its TOP. Furthermore, the Novena area is undergoing major developments to transform itself into the medical hub of Singapore and possibly Asia, with many new medical facilities undergoing construction.
Investors can expect a huge wave of medical professionals renting this development due to the proximity to the existing and upcoming medical facilities. Furthermore, this city-fringe development will also be fairly popular amongst expats.
12 on Shan: Floorplans
Bukit Batok West Avenue 6
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12 on Shan @ Novena