Terra Hill, located in a cul-de-sac on Yew Siang Road is one of the most exciting new launches in Pasir Panjang. Developed by Hoi Hup Realtors and Sunway Properties, the project is set to launch in 2023 and is anticipated to sell fast due to its attractive location.
As a freehold hillside condo in Singapore, Terra Hill is a rare find that boasts huge land size and within 350 m away from the Pasir Panjang MRT station. The freehold status of the development is important for home investors as it allows them to purchase properties at a lower price point than leasehold condominiums in similar areas.
With this, buyers can also expect a better return on their investment. Aside from being close to Pasir Panjang MRT, the development is also in proximity to many other amenities such as the Orchard Shopping Belt and Vivo City.
The site of the development has a sloping terrain, which allows units to have beautiful vantage points. The developers have opted to make use of this incline by incorporating angled linear profiles into their design. This also helps to reduce the amount of space that will be needed for landscaping.
This sloping terrain also provides for better ventilation and cooling. Moreover, the area has a good amount of greenery and trees to provide a serene environment for residents to relax in.
These natural surroundings are an oasis that gives residents a break from the hustle and bustle of urban living. As such, it is an ideal location for families and singles alike who want to stay away from the clamour of the city.
It is situated in a peaceful area that is close to a number of facilities, such as the Pasir Panjang Food Centre and Alexandra Retail Centre. It is also conveniently connected to the West Coast Highway and other major highways.
On top of that, it is also within close proximity to other commercial districts such as Mapletree Business City and National University of Singapore. This makes the location of Terra Hill a prime choice for business and corporate tenants.
While the majority of developments in this neighbourhood are leasehold, a small number of freehold developments have been spawned in recent years. These are considered “limited edition” properties and are highly prized as they are a rare find in the property market.
There are many benefits that come with owning a freehold property in Singapore, which is why it is so popular amongst property investors and home buyers. These include the opportunity to capitalise on rising property prices over time.
The other advantage that comes with owning a freehold unit is that it is not subject to property tax like a leasehold property. Additionally, the freehold title will give you the freedom to transfer the ownership at any time.
As a result, you will be able to pass on the property in the future when you decide to sell your condo. This is a great way to secure your capital and increase your wealth in the long run. Buying a freehold property is a smart move, especially in this land-scarce country where most new condominiums are launched on leasehold tenure.