What is the best profit by bedroom type for Ave South Residence?

To determine the potential profit by bedroom type at Avenue South Residence, several factors need to be considered, including the initial purchase price, current market value, and any appreciation in property value over time.

Key Details of Avenue South Residence

• Location: Situated in District 3, along Silat Avenue, near the Redhill MRT station.
• Total Units: 1074 units.
• Bedroom Types: The development offers a range of unit types, from 1 to 4 bedrooms.
• Launch Date: September 2019.
• TOP Date: Q1 2023.
• Average PSF: $2269 as of the launch period.

Profit Analysis

• 1-Bedroom Units: These units are typically smaller (starting from around 474 sq ft) and often attract investors looking for rental income. The profit margin can be significant if the unit is sold after a period of appreciation, but it may also depend on rental yields.
• 2-Bedroom Units: These units are popular among both investors and owner-occupiers. They offer a balance between affordability and living space, making them attractive for resale and rental.
• 3-Bedroom Units: These units are larger (up to around 1,200 sq ft) and often appeal to families. They can command higher resale prices and rental income due to their larger size and amenities.
• 4-Bedroom Units: The largest units (up to 1,688 sq ft) typically offer the highest resale and rental potential due to their spacious living areas and premium finishes.

Market Performance

Given that Avenue South Residence is now ready to move in and the project is fully sold out, any profit would be based on the current market value compared to the initial purchase price. The property's proximity to MRT stations, amenities, and its modern design contribute to its appeal and potential for appreciation.

To get a precise estimate of the profit by bedroom type, you would need to check the current market listings and recent transaction data on EdgeProp Singapore, which provides up-to-date property listings, transaction records, and market trends.

Tools on EdgeProp

EdgeProp offers various tools such as the Fair Value tool, market trends tracker, and historical property data that can help you assess the current market value of different bedroom types at Avenue South Residence and calculate potential profits.