Why Should I Buy an Executive Condo in Lavender Singapore?
Lavender Singapore is an exciting neighbourhood full of historical landmarks and exciting attractions for visitors to enjoy. Additionally, Lavender boasts numerous restaurants, cafes, and shops that provide a taste of local culture.
Lavender Residence residents can easily reach downtown Singapore thanks to its close proximity to Bendemeer MRT station. Furthermore, several bus routes serve this area.
1. Convenience
Executive condominiums (EC) offer many buyers convenience as they bridge the gap between public housing and private condo living, offering affordable homes in central regions without breaking their budget. These affordable hybrids between public and private ownership make ECs ideal for Singaporeans whose income exceeds HDB limits but cannot afford full ownership of an independent house or apartment in Singapore.
Finding an EC that is both affordable and conveniently located can be challenging in today’s real estate market, so Lavender Residence is your answer for new launch condos that provide both of these factors.
District 8 condo, this freehold development features 6-level high mixed development with retail stores on the ground floor. Within walking distance are Downtown Line Bendemeer MRT station and Farrer Park MRT station for convenient access. Bugis district can also be reached easily via MRT with three shopping malls – Bugis Junction, Bugis+ and DUO Galleria providing more shopping options.
2. Amenities
Executive condos (EC) offer outstanding value-for-money purchases in Singapore’s property market, particularly for Singaporeans whose income exceeds eligibility for BTO but falls short of purchasing non-landed private properties. Built by private developers and sold at discounted or subsidised prices to qualifying buyers.
Last month, only one project in the city fringe was unveiled: Lavender Residence. Eight units sold quickly at an average median price of $1,972.
Bendemeer and Farrer Park MRT stations enhance its location value, as can the iconic shopping boulevard Orchard Road can be reached in less than 10 minutes by train. Meanwhile, lifestyle amenities ranging from cafes to malls are within walking distance for residents, while residents can also take advantage of affordable meals and groceries available at nearby food courts such as McDonald’s.
3. Value for money
ECs (Economically Constrained Condominiums) are public-private property hybrids designed for Singaporeans whose income falls between the threshold for BTO flats and non-landed private home purchases. Constructed and developed by private developers, these condos resemble private condos while being sold at a subsidised price to eligible Singaporeans.
At the core of town, residents can look forward to enjoying an array of lifestyle amenities, from shopping malls and cafes to restaurants and eateries. Residents can spend their weekend afternoons cafe hopping at Apartment Coffee or Chye Seng Huat Hardware before getting a satisfying meal at Two Bakers or Red Eye Smokehouse.
Lavender Residence’s proximity to Farrer Park and Bendemeer MRT stations make it easily accessible, while central city locations such as Raffles Place, Dhoby Ghaut and Orchard can be reached in just two to four MRT stops – making Lavender Residence one of the most accessible new launch properties available today.
4. Location
Private home sales have taken a dip since a series of major non-landed launches, yet demand for executive condominiums (EC) remains robust. Parc Greenwich at Fernvale Lane’s recent sales weekend sold over half its units on its opening day – showing just how strong demand remains for these luxury properties.
Location is also key when selecting an executive condo as it gives easy access to various amenities and services. For instance, walking from Lavender district can bring you to restaurants and cafes in that district; Farrer Park MRT Station and Bendemeer MRT stations both offer shopping; furthermore Orchard Road can be reached quickly with just a bus ride!
Near the development are numerous schools such as M.Y World @ Boon Keng, Music LifeStyle Academy and Star Learners @ Boon Keng. Furthermore, the development is situated near a food court that offers affordable Halal options; making this development ideal for young couples or families with young children to reside.