Blue Horizon is located in the West Coast Crescent. There’s much to see and do in the Western part of Singapore, you and your family will definitely never run out of ideas for fun and quality time. Don’t you think it’s time to go West?
1. Location and Accessibility
There are six shopping malls in the West, specifically in the Jurong area which is one MRT station away from Clementi MRT. You can find a good mix of local and international flagship stores, factory outlets and boutiques for your retail therapy needs at Westgate, Jurong Point and IMM.
For nature lovers, you can enjoy the tranquillity in the Chinese and Japanese Gardens located around Jurong Lake, and get up close and personal with 5,000 birds from more than 400 species at Jurong Bird Park, one of Singapore’s most iconic attractions.
Exciting new projects for Jurong West are also in the pipeline including the construction of the Kuala Lumpur-Singapore High-Speed Rail (HSR). With Singapore’s terminus station located in Jurong East, the HSR link is expected to make travelling between Singapore and Malaysia more seamless and convenient.
Working in the Central Business District? Blue Horizon is linked to the rest of the island by West Coast Highway so you can get to your workplace in just 20 minutes.
2. Increasing Rental Price and High Gross Rental Yield
Blue Horizon’s monthly rental price for a two-bedroom unit in 2019:
- January to March 2019- up to $3,100
- April to June 2019- up to $3,400
- July to Sep 2019- up to $3,500
- Oct to Dec 2019- same as Q3 up to $3,500
A middle floor two-bedroom unit in Blue Horizon measuring 937 sqft is at S$1,000,000. Renting it out for $3,500 per month gives you a staggering 4.2% gross rental yield. This is higher than Singapore’s market gross rental yield of 3.30%!
How did we get 4.2%? (Gross rental income for 12 months/ purchase price of the property) x 100= gross rental yield.
Calculating for Blue Horizon’s Gross Rental Yield
A two-bedroom unit at Blue Horizon can cost $1,000,000 and the monthly rental contract is up to $3,500. You can check other rental rates for nearby two-bedroom properties using Ohmyhome.
Gross Rental Income of $3,500 x 12 months= $42,000/purchase price at $1,000,000= 0.042*100= 4.2%
3. The Uniqueness of Blue Horizon
Blue Horizon consists of one 22-storey tower and four 23-storey towers, with a total of 616 residential units. The best part? A stunning view of the sea! With beautiful palm trees, soothing cool waters and lovely landscape, this property near Clementi MRT Station will definitely call your name.
Having the Republic of Singapore Yacht Club at only a 14-minute walk from the property, it’s easy to plan a staycation that both young and old would love! For nature enthusiasts, Clementi Woods Park is perfect for early morning or evening walks. Discover for yourself why it is a ‘Learning Park’ that serves as an outdoor classroom/laboratory for Ngee Ann Polytechnic students to engage in experiential learning.
Blue Horizon has recreational facilities that don’t disappoint, suitable for families with children. Plus an open area for tai-chi and a children’s fruit and vegetable garden.
4.Perks for Own Stay
If you are planning to purchase a unit at Blue Horizon for your own stay, the property is near to three MRT stations such as Clementi, Dover and Kent Ridge- this is closest to National University of Singapore (NUS). NUS ranked consistently as one of the world’s top universities and offers the most extensive college degree courses in Singapore.
International Schools within 2km away are International Community School, United World College of Southeast Asia and Dover Court Preparatory School. Primary Schools within 2km are Qifa Primary School, Clementi Primary School and Pei Tong Primary School.
Blue Horizon Project Details
| Developer | Far East Organization |
| TOP | 2005 |
| Price | S$1,053 psf on average |
| Lease type | 99-year leasehold |
| Location | District 5 |
Buying your dream home at Blue Horizon?
Best Mortgage Rate Across All Banks for Blue Horizon
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78% for Blue Horizon. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Blue Horizon
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you plan to buy a two-bedroom unit at Blue Horizon for your family’s own stay, the price is at around S$1 million which is reflective of the market value, your BSD is $24,600.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| BSD Payable | $24,600 | |
Source: IRAS
Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!
Additional Buyer’s Stamp Duty for Blue Horizon
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Blue Horizon
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,000,000 |
|---|---|---|
| If Blue Horizon is your second residential property | 12% | $120,000 |
| If Blue Horizon is your third or subsequent residential property | 15% | $150,000 |
ABSD for Singapore Permanent Resident when Buying Blue Horizon
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,000,000 |
|---|---|---|
| If Blue Horizon is your first property | 5% | $50,000 |
| If Blue Horizon is your second or subsequent residential property | 15% | $150,000 |
ABSD for Foreigners when Buying Blue Horizon
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,000,000 |
|---|---|---|
| Foreigners buying any property | 20% | $200,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
Buy your dream home at $0 agent fee!
