A while back, we viewed Kingsville, a landed enclave in King’s Drive, Bukit Timah, which was of interest because of the properties’ leasehold status and thus lower price point. However, for many Singaporeans, buying a leasehold landed house makes no financial sense as (it is believed that) the value of a leasehold house decreases as time goes by.
I say “it is believed that” as, depending on your purchase price and time of purchase, there have been buyers who have made a profit with such transactions.) Moreover, unlike a leasehold condo, there is almost no chance of an en-bloc exit. If you liked what you saw at Kingsville but hold such a belief (and have deep pockets) the houses at Queen’s Road may be of interest to you. Literally a stone’s throw from Kingsville – they’re separated by just one road – but Queen’s Road is even more conveniently located, being located directly across from the Farrer Gardens/Queen’s Rd HDB estate and Farrer Road MRT. (As the HDB estate separates the MRT from the houses, the houses are still about a 10 minute walk from the MRT station.)
Unlike many other HDB estates, Farrer Gardens is on the quieter side. I’ve been a few times and never had an issue finding parking, so it’ll also be easy for your visitors to park. (Note that there is no street parking right outside the landed houses, as the road is a single-white-line-road. I actually prefer if this way, as it keeps the road clear and easy to drive through.)
If the Farrer Gardens shops aren’t enough, there’s also Empress Road Market and Food Centre next door. (It’s not large, but more than sufficient for satisfying any cravings.) One downside of living in a landed estate or in Bukit Timah is that the nearby amenities can be on the pricier side. For example, the supermarkets at the nearby Coronation Shopping Plaza and Bukit Timah Plaza are both NTUC Finest. Having the Empress Road wet market at your doorstep can be a boon when it comes to keeping your grocery bills on the lower side, if you cook a lot and don’t have a car. (I saved quite a bit when I started going to wet markets to shop for greedygirlgourmet!)
This brings us to the end of today’s walkabout – how did you find the area? Let me know in the comments!
TJ’s interest in property was sparked after returning from the UK- where balconies are not counted in one’s square footage!- and finding that the Singapore property had totally changed in the 7 years she was away. When not reading and watching articles & videos about property, she is busy cooking and baking for friends, family & her blog Greedygirlgourmet