The New Futura project boasts of being one of the largest multi-storied residential projects in Singapore’s Orchid in district 9. It is one of the most ambitious iconic projects in the country.
Those who have booked and aspire to live in this state of the art project are mostly youngsters with a dream. Jack Chen was one of those youngsters. An investment banker by profession.
As someone who always wanted to own property, the New Futura Project was an excellent opportunity. He booked a condo in early 2017 where he planned to live with his wife and two kids.
As a market-savvy person, Jack knew that the market was priced low and it was the best time to get in. Though he also knew that there was a subsequent wait ahead until completion.
Why did Jack Choose New Futura?
Jack chose to buy a New Futura Condo in the South Tower Level 14 Sky Sense. The reason for this was because he loved the design. He also liked the idea of there being several amenities.
Features like the Reading Corner, Wisdom Garden, Creative Garden and Lounge were especially attractive. It was one of those things he thought that the kids would enjoy.
The New Futura Price also fit right into his budget. Compared to other properties this one offered the best value for money.
The other primary reason for choosing the project was because his office was nearby. A mere 10-minute commute made it an attractive location.
Plus, the nearby shops, malls, and other external amenities were a huge bonus. Most of all his kids’ could attend some of the best schools in the city and they were nearby.
New Futura the Experience
Fast forward to present day, and Jack shifted in with his wife and two kids. Its been a month now and he has nothing but praises.
One of the things that instantly became apparent was that the price has appreciated. According to him there are already offers on the table that are nearly 2x the price he paid.
Many offers are from people within the business circle. Most of them are local, and the reason why they want to buy it is because of it being an iconic building.
People dream of living in an iconic building, and this is one of them. However, work is still ongoing on the other towers, and Jack is in no mood to sell right away.
Just saving on the rent, commute to and from work as well as the commute for kids makes up for the expensive. According to his calculation, he would have paid up the price of the home in four years.
Factoring in rental increments, commute costs, and other expenses when living far from the city center is what savvy businessmen like Jack consider when buying property.
If Jack did decide to sell two years from now when the other towards would be complete, he may end up getting 3x to 4x the price he paid. That’s in itself a huge profit.
Luxury on a budget
Jack is a successful investment banker, and luxury was something he always wanted in an apartment. Though with this project it does not cost him a lot.
“I love the fact that you have all these luxuries that no other apartment has in the city. Plus, all your guests know exactly where you live. It has done a great deal of good for my business.” Says Jack.
Others have experienced the same success as Jack with the project. The real estate markets are on an uptick and its now an investors’ market.
Reasons why this is a successful project:
- State of the art design and construction.
- All the best facilities for families.
- Proximity to leading schools, malls and transportation.