Gems Ville, at the former Yuen Sing Mansions, is a freehold apartment at Lorong 13 Geylang, District 14. The transaction was ultimately completed for S$15.2 million, despite the fact that it was initially intended for S$17 million. As a result, it is the first effective 2020 en bloc agreement. JLL, the marketing agency, issued an enbloc sales notice for Yuen Sing via tender in September 2018. Yuen Sing, the residential home, is a four-story structure with nine apartments built on a standard-sized land.
When the initial offer was made in 2018, the owners had anticipated more than S$17 million for the property, which works out to approximately S$779 psf ppr.
Gems Ville at Geylang is located in Geylang, dubbed as one of the food paradises of Singapore. You can dine to their heart’s content at Little Vietnam, No Signboard Seafood restaurant, the G7 Live Seafood Restaurant, JB Ah Meng Restaurant, Geylang Claypot Rice, The Tuckshop, Sik Bao Sin and the list goes on.
Enjoy a wide range of amenities at your doorstep with a range of activities such as shopping, education, eateries, lifestyle, leisure, and healthcare which are all readily available.
For those who wish to get away from the hustle of city life, you can rejuvenate yourself with all the amenities and spa for tranquility and convenience. With plans by the Government for multiple areas along Kallang River, residents will enjoy greater convenience with the open spaces available and nature to be used for exercise and social activities whenever they need a respite from the city.
For residents with kids, you will be glad there are many primary and secondary schools around Rezi 24 such as Kong Hwa School, Macpherson Primary School, Geylang Methodist School (Primary), Geylang Methodist School (Secondary), Canossa Convent Primary School, Tanjong Katong Primary School, Broadrick Secondary School, Dunman High School, Northlight School, Chung Cheng High School (Main), Tanjong Katong Girls’ School, and Tanjong Katong Secondary School. There are also two International schools known as Chatsworth International School (East Campus) and Canadian International School (Tanjong Katong Campus) close to Gems Ville.
Gems Ville Location at Geylang Lorong 13
Living at Gems Ville puts you at the centre of connectivity, right at the city fringes of Singapore. A convenient public transport system accessible from your home puts you in reach of most parts of the island. Not just one but four MRT stations are within walking distance – Aljunied, Kallang, Dakota and Mountbatten, opening you up to the islandwide network of train lines to get literally anywhere.
The location is also highly accessible to other parts of Singapore via the Nicoll Highway, KPE, PIE, ECP and CTE, ensuring minimal travel time.
For local food, Gems Ville future residents can go to one of the main Food Centres that is within a short radius such as Kallang Estate Market and Food Centre, 51 Old Airport Road Market & Food Centre, Jalan Batu Block 4A Market & Food Centre, Sims Vista Market And Food Centre, Circuit Road Haig Road Market & Food Centre, Block 89 Market And Food Centre, Upper Boon Keng Road Market & Food Centre, and Circuit Road Block 80 Market & Food Centre.
For shopping, visit many malls in the vicinity such as the Paya Lebar Quarters and Paya Lebar Square. This would be an exciting hub that has so many activities awaiting; from watching a movie to working in the grade A office space or for shopping. In close proximity are also shopping malls like KINEX, City Plaza, Singpost Centre, Pavilion Square, One KM Mall, Katong Shopping Centre, Tanjong Katong Complex, Kallang Wave, Leisure Park Kallang, I12 Katong and many more. For groceries, simply walk to the 2 levels Sheng Siong supermarket or drive to grocery shopping at Cold Storage, NTUC Fairprice, and Giant.
With close proximity to Bugis Junction, this wide variety of International cuisine will satisfy your quest for good food. What others call a privilege is now yours to enjoy.
Investing in Geylang
Geylang is likewise an excellent investment at this time. Because the estate has a plot ratio of 2.8, the construction might go as tall as 36 storeys, but owing to the Paya Lebar Airbase’s vicinity, all neighbouring structures are limited to a maximum height of 8 storeys. Once the airfield is relocated, the potential property worth of the site will only increase as en bloc possibilities begin to pour in. The low psf number also indicates the possibility of capital appreciation.
Because Mori is close to numerous business centres, an estimated minimum of 10,000 employment possibilities is opening up with the new Paya Lebar Quarters, making it perfect for new renters looking for work in the city. Investors may expect a high rental return and income, particularly with the fresh inflow of employees arriving in Singapore on a daily basis. After all, what better place to live than a luxury freehold apartment within walking distance of three MRT stations and a short drive from any place in the city.
