Apex Asia Management Group has successfully sold 11 out of the 34 apartments (32.4%) and 5 out of the 8 ground-floor shop units (62.5%) at the freehold mixed-use development Artisan 8, within just 2.5 hours of sales commencing at 5pm today (Aug 21). The apartments were launched at prices starting from $2,100 psf while retail units were priced from $3,400 psf.
When contemplating a condo investment, it is crucial to also evaluate its potential rental yield. This refers to the annual rental income as a percentage of the purchase price of the property. In Singapore, rental yields for condos can vary significantly, depending on various factors such as location, condition of the property, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. It is essential to conduct thorough market research and seek guidance from real estate agents to gain insights into the rental potential of a particular condo. Additionally, staying updated with the latest New Condo Launches can help in identifying potentially lucrative rental opportunities.
The showflat for a two-bedroom apartment at Artisan 8, located at the sales gallery on the site of the former Sin Ming Centre, saw high interest from buyers. “Artisan 8 offered buyers a price that is very hard to resist – starting from $2,100 psf,” says Mark Yip, CEO of Huttons Asia. The development is likely the last freehold project launch in the Rest of Central Region (RCR) in 2025. Yip adds that there is no freehold project in the RCR in 2026 and 2027, unless a successful en bloc sale takes place.
Artisan 8’s location is highly desirable, being within 1km of reputable schools like Ai Tong Primary School and Catholic High, and just 300m from the upcoming Upper Thomson MRT Station on the Thomson-East Coast Line. Buyers can check out the latest listings for Artisan 8 and other properties in the Sin Ming Centre area.