There is a new gem emerging at Changi – Parc Komo. Poised to be the most affordable freehold mixed-development launching in 2019 with approximately 32,000 sq ft of retail space, keen-eyed investors are setting their sights on this project.
A dynamic gateway to the world.
Nestled amidst a plush enclave of landed properties, Parc Komo enjoys proximity to some of the most dynamic commercial nodes in Singapore. A ten-minute drive will take you to all the innovative multinationals clustered at Changi Business Park, or the dazzling shops and restaurants at Jewel Changi Airport.
Changi Airport. Image Credit: Daxiao Productions | Shutterstock
The dynamism of Changi is amplified by rapid development. The Urban Development Authority plans to develop Changi City – a bustling urban district stretching from the East of Changi Business Park, all the way to the newly reclaimed land for the construction of Changi Airport’s Terminal 5. Innovation flourishes here, as new businesses leverage on the vibrant ecosystem which includes the Singapore University of Technology and Design, Changi Business Park and Changi Airport.
The perfect haven for rest and relaxation
Changi Beach Park. Image Credit: Hanjo Hellmann| Shutterstock
Crowds flock to Changi Village during the weekends or public holidays, immersing in the verdant greenery of the nearby Changi Beach Park or having a weekend getaway at the many resorts there. Changi Village Hawker Centre also throngs with foodies sating their cravings for the renowned nasi lemak or chicken hor fun at the hawker centre.
Budding Potential at Parc Komo
Parc Komo’s residents can relish all the perks of living in Changi at an attractive entry price, with units starting from around $600,000. Its affordability makes for a worthwhile investment, promising fruitful returns. In the last two years, the Property Price Index (PPI) of non-landed properties in the Outside Central Region (OCR) outperformed the Rest of Central Region (RCR) and Core Central Region (CCR), surging by 10.9% from 1Q 2017 to 1Q 2019.
Investors can enjoy favourable rental yields with Parc Komo as well, benefitting from lower vacancy rates in the OCR. Vacancy rates for properties in the OCR fell steadily after reaching a peak at Q2 2016 and have remained lower than the vacancy rates in the Core Central Region and Rest of Central Region since Q3 2016. Rental prices may edge upwards with the onset of a tighter supply of completed homes in the next two years, with the Urban Redevelopment Authority (URA) projecting that supply will head to an all-time low of 4,859 units by 2020.
The future Cross Island Line may also help improve prices and rental prospects for Parc Komo, as tenants may prefer projects near MRT stations for better accessibility to the rest of the island. Loyang MRT station, a ten-minute walk away, will provide a direct MRT connection to Pasir Ris, Hougang and Ang Mo Kio by 2029.
Whether you like to gaze at planes gracefully lifting off the runway at Changi Airport or take a leisurely stroll along the pristine beaches at Changi Beach Park, you can luxuriate in all the beauty Changi can offer at Parc Komo.
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