Sky Habitat is located at 7 Bishan Street 15, in District 20. Developed by Capitaland & Mitsubishi Estate Asia Pte. Ltd and designed by Moshe Safdie, one city-fringe condominium that you should invest in.
Here’s Why Sky Habitat Is an Investment-Worthy Home:
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Sky Habitat | 99-year leasehold | 2015 | 1-bedder 2-bedder 3-bedder 4-bedder |
710 1066 1764 3670 |
$1,480 |
Sky Habitat has 38 storeys with 509 units. Its design is inspired by Habitat 67, an architectural landmark in Montreal, Canada. Facilities include a children’s pool, play area, tennis court, BBQ pits, karaoke rooms, a function room and a gymnasium. What’s the best part and IG-worthy spot? An unobstructed panoramic views of Singapore Flyer and MacRitchie Reservoir from the Infinity Sky Pool on the 38th floor!
2. Accessibility, Amenities and Schools
Bishan Bus Interchange is just opposite the property! Right outside Sky Habitat is an open green field perfect for frisbees or walking your furry friends. Bishan MRT Station (where there are two MRT lines; Circle Line and North-South Line) is about nine minutes from Sky Habitat. The nearest major expressways are Central Expressway (CTE) and Pan-Island Expressway (PIE), driving to the Central Business District and Orchard Road will take about 24 minutes and 15 minutes respectively.
Dine and shop at Junction 8 where there’s an extensive number of retail shops and eating establishments. Bishan Public Library is around the corner too. Want a cosy dining experience? Check out cafes like The Living Room and Shamrock Cafe. Choose the option of exercising outdoors at Bishan-Ang Mo Kio Park (enjoy the fresh air!), or indoors at the Bishan Sports Hall and Recreation Centre and Bishan Community Club – all these are located less than 400m away from home.
Multiple reputable schools are within the vicinity too – they are Raffles Institution, Catholic High School, the Australian International School and Stamford American International School.
3. Increasing Rental Price and High Gross Rental Yield
Sky Habitat’s monthly rental price for a two-bedroom unit in 2019:
January to Dec 2018- up to $4,500
January to Dec 2019- up to $6,000
A high floor two-bedroom unit in Sky Habitat measuring 937 sqft is at S$1,600,000. Renting it out for $6,000 per month gives you a staggering 4.5% gross rental yield. This is higher than Singapore’s market gross rental yield of 3.3%!
How did we get 4.5%? (Gross rental income for 12 months/ purchase price of the property) x 100= gross rental yield.
Calculating for Sky Habitat’s Gross Rental Yield
A two-bedroom unit at Sky Habitat can cost $1,600,000 and the monthly rental contract is up to $6,000. You can check other rental rates for nearby two-bedroom properties using Ohmyhome.
Gross Rental Income of $6,000 x 12 months= $72,000/purchase price at $1,600,000= 0.045*100= 4.5%
Have you been looking for a home like this? Make Sky Habitat yours. We’ll be happy to be part of your housing journey!
Talk to our real estate consultants and get VIP agent service.
Best Mortgage Rate Across All Banks for Sky Habitat
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. 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 Sky Habitat
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 two-bedroom unit at Sky Habitat the price is at $1,600,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $88,600.
| 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 $600,000 | 4% | $64,000 |
| BSD Payable | $88,600 | |
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 Sky Habitat
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 Sky Habitat
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,600,000 |
|---|---|---|
| If Sky Habitat is your second residential property | 12% | $192,000 |
| If Sky Habitat is your third or subsequent residential property | 15% | $240,000 |
ABSD for Singapore Permanent Resident when Buying Sky Habitat
Here’s the ABSD amount you are required to pay if you are an SPR:
Property Ownership
ABSD Rate
ABSD Amount from Price $1,600,000
If Sky Habitat will be your first property
5%
$80,000
If Sky Habitat will be your second or subsequent residential property
15%
$240,000
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,600,000 |
|---|---|---|
| If Sky Habitat is your first property | 5% | $80,000 |
| If Sky Habitat is your second or subsequent residential property | 15% | $240,000 |
ABSD for Foreigners when Buying Sky Habitat
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,600,000 |
|---|---|---|
| Foreigners buying any property | 20% | $320,000 |
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.
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