Which condo in Simei is a good buy?

When considering condos in the Simei area, here are a few factors and options to evaluate:

Double Bay Residences

• Located along Simei Street 4, this condominium offers a range of unit sizes and has seen recent transactions ranging from S$924 psf to S$1,548 psf, with an average price of S$1,373 psf.
• The development is close to amenities such as Eastpoint Mall and several grocery stores.
• It has a rental yield of 3.5%, which can be attractive for investors.

Savannah Condopark

• Also in District 18, Savannah Condopark has sale prices ranging from S$898 psf to S$1,204 psf, with an average of S$1,096 psf.
• This condominium is completed in 2005 and is situated in a relatively quiet area of Simei.
• It offers various unit types and is near local amenities.

General Considerations

• Proximity to MRT stations: Double Bay Residences is closer to Simei EW3 and Upper Changi DT34 MRT stations.
• Amenities: Both developments are near shopping malls and grocery stores, but the specific needs and preferences of the buyer should be considered.
• Rental Yield: If investment is a priority, Double Bay Residences offers a slightly lower rental yield compared to some other nearby properties, but it is still a viable option.

Ultimately, the best buy depends on your specific needs, whether you are looking for a home to live in or an investment property. It is advisable to check the latest transaction data and visit the properties to get a better feel for the area and the development that suits you best. You can find more detailed information and compare these properties on EdgeProp Singapore.