If you’re someone who appreciates architecture, you will be pleased to know that this development has won numerous awards, one of which is World Building of the Year (2015) Urban Habitat Award, which is equivalent to the Oscars of the architectural world.
Developed by CapitaLand Singapore Limited, The Interlace located in District 04, is a 10-minute walk from Labrador Park MRT Station.
4 Reasons to Choose The Interlace for Your Next Property Investment:
1. Rental Price Increase
Singapore’s overall rents for condos in the Rest of Central Region (RCR) increased by 2.8% and the country’s rental prices increased on a year-on-year basis as of Q3 2019.
The monthly rental of a three-bedroom apartment in The Interlace can go up to $6,900 while the nearby condominiums, The Anchorage is $5,400 and Skyline Residences is $5,600 for the same number of rooms. This is definitely good news for landlords, considering the strategic location it’s at and the upcoming developments within proximity such as the Greater Southern Waterfront.
2. Higher Tenant Demand
In 2019, there are two percent more foreigners which contributed to the private property rental market.
The Greater Southern Waterfront and the expansion of two Integrated Resorts – Resorts World Sentosa and Marina Bay Sand, where there will be a massive influx of commercial and entertainment developments, which will result in more job opportunities and thus, a high demand in housing.
3. Increase in Property Prices
What factors may contribute to these competitive property prices in and near The Interlace?
Transportation and Accessibility
The Interlace is at the junction of Alexandra Road and Depot Road and is bounded by the Ayer Rajah Expressway. You can get to numerous places such as the CBD, Changi Airport, East Coast Park, Orchard Road and Singapore Sports Hub, within 15 minutes. If you head south to the Southern Ridges, it will take you to the Kent Ridge, Telok Blangah Hill and Mount Faber parks.
Future Developments within District 04
Aside from the new waterfront city, there’s also the 24km Rail Corridor which is scheduled for completion in 2021 is highly accessible and connected to heritage, recreational and business areas.
Healthcare
Alexandra Hospital is the closest healthcare institution, which you can reach within 4 minutes by car.
Education
The Interlace makes a great home for local and foreign families with children as there are plenty of schools which are within reasonable driving distance (10-minute drive). They are preschools, primary and secondary schools such as Hundred Thoughts Preschool and MOE Kindergarten @ Blangah Rise, Blangah Rise Primary School, Gan Eng Seng Primary School and Bukit Merah Secondary School.
Tertiary institutions (National University of Singapore and Singapore Polytechnic) and International schools (ISS International School and North London Collegiate School) are also in the area.
4. Perks for Own Stay
The Interlace has eight landscaped courtyards where there’s a water park, theatre plaza, bamboo garden and waterfall terrace. It is also fully equipped with a barbeque promenade, jogging track, gardening zone, pet zone, tennis court, clubhouse and more. Every unit in The Interlace is fully fitted with designer furniture, where there are five home styles to choose from.
Shopping malls such as Queensway Shopping Centre, Anchorpoint Shopping Centre, VivoCity and IKEA are less than 10 minutes via car. In less than a 15-minute drive, you can reach popular hotspots for drinks and dinner which are conveniently around the corner at Labrador Park, Mount Faber, Tiong Bahru, Keong Saik Road and Dempsey Hill.
The Interlace’s units range from two to four-bedrooms, making it an ideal choice for any individual working at different regions of Singapore (from Changi Airport to the CBD) or foreign or local families with children. Getting to places is convenient via public or personal transport. It is definitely for those who prefer to live in southern Singapore, away from the crowdedness of central areas, where they can enjoy nature in parks and beaches.
Has The Interlace piqued your interest?
Best Mortgage Rate Across All Banks for The Interlace
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.95%. 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 The Interlace
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a 3-bedroom unit at The Interlace to comfortably fit your growing family or planning to rent it out to families in the future and the price is at $2,950,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $102,600.
| 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 |
| Remaining $1,950,000 | 4% | $78,000 |
| BSD Payable | $102,600 | |
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 The Interlace
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:
1.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 The Interlace
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,950,000 |
|---|---|---|
| If The Interlace is your second residential property | 12% | $354,000 |
| If The Interlace is your third or subsequent residential property | 15% | $442,500 |
ABSD for Singapore Permanent Resident when Buying The Interlace
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,950,000 |
|---|---|---|
| If The Interlace is your first property | 5% | $147,500 |
| If The Interlace is your second or subsequent residential property | 15% | $442,500 |
ABSD for Foreigners when Buying The Interlace
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,950,000 |
|---|---|---|
| Foreigners buying any property | 20% | $590,000 |
Agent Service for Home Buyers at $0 Agent Fee
Our real estate consultants will provide you insights about this new launch project and assist you with everything you need to know from Buyer’s Stamp Duty, Additional Buyer’s Stamp Duty, exercising the OTP to sealing the deal.
You can buy your new home with Ohmyhome’s VIP agent service at $0 agent fees!
