Core City Centre Developments has been the epic centre of Singapore Real Estate Properties and it is no wonder that many are looking to invest in the city centre to get some profits. However, there are some owners who paid a high price and are unable to sustain their monthly mortgage and therefore will be listed in the market for bank auction. Kopar at Newton core city centre is also nearby located at Kampong Java Road.
For example, the recent news indicate that there is a new 2 Bedder unit in 38 Draycott that is located in the core city centre that is for sale. This is a mortgagee sale and is located at the 15th floor that is for sale with a tenancy. Therefore, it is perfect for investors who are looking for cash flow as the monthly cash from rental will be able to service the mortgage. A note that this unit is also perfect for investors who are looking for minimum renovation as the unit is well renovated and therefore buyers do not have spend cashflow on renovation. The development is under one of the most highly sough after places as it is located in the core city centre as well as near to Newton MRT Station.
38 Draycott, as the name suggest, consist of 38 units that is located in the core city centre near to Orchard Road which means you do not have to spend much time to travel to the central business district as well as other places. A low price of $2.5M meant that it is actually quite easy for investors who are looking at the core city centre as usually the new launches are priced very high. 38 Draycott is completed in 2002 and is relatively new in the area with easy access to other parts of Singapore via Central Expressway (CTE)