LOCATION SCAN: Shunfu Ville up for collective sale, what's in its vicinity?
By Tan Chee Yuen
/ The Edge Property |
Shunfu Ville is a 358-unit residential development in the Bishan/Thomson area. The site comprises three 16-storey apartment blocks and three six-storey maisonettes. Developed in the late 1980s as a Housing & Urban Development Company (HUDC) project, Shunfu Ville was privatised in 2013. It was recently put up for collective sale at an expected price of $688 million or $791 psf ppr.
Shunfu Ville is located around 350m from the Marymount MRT station of the Circle Line. It is also within 600m from the future Upper Thomson MRT Station of the Thomson-East Coast Line, which is expected be ready in 2020. After the completion of the North South Expressway, the development is expected to be within 15 minutes’ drive to the CBD. The new highway is due to be completed in 2020. In addition, the subject development is located within 1km radius from Catholic High Primary.
Shunfu Ville
Source: JLL
What’s available near Shunfu Ville?
As an overview, there are four private non-landed projects within 500m radius of Shunfu Ville and with recent transactions – Thomson Imperial Court, Seasons View, Thomson V One and Thomson V Two.
The highest transacted price over the past six months was for a 2,142 sq ft unit at Thomson Imperial Court which changed hands at $1.7M ($770 psf). During the same period, the most affordable transaction was for a 452 sq ft unit, which was sold for $625,000 ($1,382 psf). Gross rental yields for Seasons View, Thomson V One and Thomson V Two ranged from 4.0% to 4.8%.
Chart 1: Prices of private non-landed projects within 500m radius of Shunfu Ville
Source: URA, The Edge Property
Chart 2: Rental comparison of private non-landed projects within 500m radius of Shunfu Ville
Source: URA, The Edge Property
Separately, 3-, 4- and 5-room HDB flats within 500m radius of the Shunfu Ville was transacted at an average price of $375,000 and $455,000 and $669,500 respectively over the past six months.
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Chart 3: Price statistics of HDB flats within 500m radius of Shunfu Ville
Source: HDB, The Edge Property
Chart 4: Rental statistics of HDB flats within 500m radius of Shunfu Ville
Source: HDB, The Edge Property
What’s recently transacted?
In July, there were two private non-landed home transactions. A 581 sq ft unit in Thomson V Two was sold at $750,000 ($1,290 psf) and a 2,142 sq ft unit in Thomson Imperial Court, which fetched $1.65M ($770 psf).
Table below only shows the 10 latest transactions, which are generated through our professional analytic tool on theedgeproperty.com. The tool is available for registered users. To find out more or to register, please write in to propertyeditor.sg@bizedge.com
Latest transactions of private non-landed homes within 500m radius of Shunfu Ville
Source: URA, The Edge Property
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