Kassia Review: Freehold Condo At Flora Drive A Good Investment?

Why Invest in Kassia Condo?

• Reputable real estate developers with an excellent track record of delivering quality homes
• Luxurious and modern design features
• Nestled within a tranquil private residential enclave with a focus on greenery
• Proximity to major expressways offers excellent connectivity to various parts of Singapore
• Within easy reach of a wide range of amenities
• Proximity to popular schools and major employment hubs
• Potential for capital appreciation and attractive rental income

Kassia Fact Sheet

Who is the Developer of Kassia Condo?

Kassia Condo will be developed by Tripartite Developments, a highly esteemed property developer in Singapore, renowned for its impressive track record spanning over five decades.

Established in 1968 as a joint venture between three established names in the industry - Hong Leong Holdings Limited, City Developments Limited (CDL), and TID (a joint venture between Mitsui Fudosan Co. Ltd) – It has consistently delivered exceptional residential developments that cater to the evolving needs and aspirations of residents.

Throughout its journey, Tripartite has established a reputation for uncompromising quality, thoughtful design, and a deep understanding of the Singaporean property market. Their commitment to excellence is evident in their extensive portfolio of successful developments that include the following:

• Azalea Park
• Ballota Park
• Carissa Park
• Dahlia Park
• Edelweiss Park
• Ferraria Park
• The Gale

These developments showcase Tripartite’s commitment to delivering projects that exceed expectations consistently. Its rich experience and proven track record of success will inspire confidence in potential buyers and investors considering Kassia Condo.

What are the Prices for Kassia Condo?

During its launch weekend on 20-21 July 2024, Kassia sold 52% of its 276 residential units, with prices ranging between $1,821 psf and $2,177 psf.

Kassia, with four 8-storey blocks occupying a site area of 150,839 sq ft, offers a mix of 1- to 4-bedroom units. Their sizes range from 473 sq ft to 1,345 sq ft.

Sale prices start from the following:

• • 1-Bedroom (473 sq ft): $883,000 ($1,867 psf).
  • 2-Bedroom (656 sq ft): $1.196 million ($1,823 psf).
  • 3-Bedroom (904 sq ft): $1.659 million ($1,835 psf).
  • 4-Bedroom (1,345 sq ft) : $2.462 million ($1,830 psf).

Kassia’s 1- and 2-bedroom units were the most popular, with buyers scooping up almost 70% of its 1-bedroom and 1-bedroom+study units. About 90% of the buyers were Singaporeans, while permanent residents made up the rest.

Kassia's take-up rate was the highest compared to recent private residential launches. This can be attributed to its freehold status and attractive prices. At the same time, it highlights how homebuyers are becoming increasingly price-sensitive.

Most of the homebuyers were in their 30s and 40s, with a fair mix of owner-occupiers and investors.

The developer can price the development competitively because it acquired the land in 1968 when land prices were low. For the latest pricing and project information, please WhatsApp me.

Where is Kassia Condo Located?

Kassia condominium is situated along Flora Drive in Singapore's District 17. Nestled within a tranquil private residential enclave, it offers a serene escape from the hustle and bustle of the city centre. The immediate surroundings are characterised by landed properties and low-rise condominiums, creating a peaceful and low-density atmosphere.

Some of its immediate neighbours are The Jovell, The Inflora and The Gale and they were launched in May 2019, October 2013, and July 2009 respectively.

Despite its tranquil setting, Kassia boasts convenient access to amenities. Residents can find a selection of supermarkets, eateries, and speciality shops at the nearby LIV@Changi mall and Komo Shoppes located a 12-15 minutes walk from the development.

However, the nearest MRT station is Tampines East on the Downtown Line (DT33), approximately 7 minutes drive away. Residents who drive will enjoy easy access to major expressways like the Pan Island Expressway (PIE), Tampines Expressway (TPE), and East Coast Parkway (ECP), ensuring smooth and faster travel.

Kassia Design Features

The development boasts modern architecture that focuses on creating a tranquil environment. Lush greenery and a meticulously planned garden landscape will surround the building, offering residents a sense of escape from the hustle and bustle of city life.

All units will feature high-quality finishes and branded appliances, reflecting the project's commitment to providing a luxurious living experience.

Condo Facilities

Kassia Condo offers more than 30 facilities and amenities that cater to the diverse needs and interests of residents.

The development boasts a grand 3-storey clubhouse that provides ample space for social gatherings and events. Fitness enthusiasts can visit the well-equipped gym and the 50m lap pool for their workout routines.

For families with children, the enchanting children's aqua play area offers a fun and safe environment for kids to enjoy.

The BBQ pavilion is perfect for hosting outdoor gatherings and celebrations with friends and family. Kassia Condo also promotes sustainable living with five urban farming plots, allowing residents to grow their own produce and connect with nature. The fitness lawn provides a space for residents to stay active and engage in outdoor activities.

For the full list of amenities, please refer to our project information.

Whatsapp me if you have further queries or wish to book a viewing at the show flat.

Transport Connectivity for Kassia Condo Residents

Kassia Condo enjoys excellent connectivity. Residents can easily access various parts of Singapore through major expressways nearby like the Tampines Expressway (TPE), Pan-Island Expressway (PIE), and East Coast Parkway (ECP).

For example, a drive to the Tampines Regional Centre and Changi Airport takes a mere 9-11 minutes.

The nearest MRT station is Tampines East on the Downtown Line (DT33), which can be conveniently reached via a direct bus service (Bus No. 4) along Flora Road.

Nearby Amenities Near Kassia Condo

There is no shortage of shopping malls in the East where Kassia condo is located, making it an ideal home for families and professionals alike. The nearest are LIV@Changi Mall and Komo Shoppes located 12-15 minutes’ walk from the development.

Both malls will provide residents and the surrounding community with a vibrant, new neighbourhood hub. Together, they offer a wider variety of shops, restaurants, a Fairprife Finest supermarket, and many other entertainment options, all designed to serve the daily needs and leisure interests of the community.

Slightly further away and within a 5-10 minutes drive are several bigger shopping malls such as Changi City Point, Expo, Loyang Point, Tampines Mall, and White Sands.

Leisure Activities

Living in eastern Singapore has its perks – residents have convenient access to various nature parks that offer a variety of interesting outdoor activities. One example is East Coast Park, a 15km stretch of beachfront that beckons with cycling paths, beach volleyball courts, and even a world-class skatepark at Xtreme Skatepark.

For those feeling adventurous, Forest Adventure will let you loose on zip lines and obstacle courses amidst the treetops.

The other popular parks in the East can be found in Tampines, Pasir Ris and Changi, where residents can get up close and personal with nature.

Popular Schools Near Kassia Condo

Parents seeking quality education for their children will find several popular schools within close proximity of Kassia Condo. According to a study from the NUS Institute of Real Estate Studies, properties located near schools have been found to command a price premium.

Some of these Schools include the following:

• White Sands Primary School
• East Spring Primary School
• Tampines North Primary School
• East Spring Secondary School
• Ngee Ann Secondary School
• Dunman Secondary School

Singapore University of Technology and Design

For post-secondary and tertiary education, the following are just 5-8 minutes’ drive from the development.

The most notable educational institution is SUTD, a highly-regarded university in Singapore.

• Tampines Junior College
• Tampines Meridian Junior College
• Singapore University of Technology and Design (SUTD)
• ITE College East

International Schools Near Kassia Condo

There are several international schools located near Kassia Condo, which could help attract rental demand from expat families working in the East. Located within a 4-11 minute drive are:

• The Japanese School (Primary, Changi Campus)
• UWC South East Asia (East Campus)
• Middleton International School (Tampines)

Major Employment Hubs Near Kassia Condo

Kassia Condo's proximity to several major business hubs makes it an attractive choice for professionals working in the eastern part of Singapore. Some of these include the following:

Changi Airport and upcoming Terminal 5: Changi Airport is one of the busiest airports in the world. But, with the construction of Terminal 5, equivalent to the size of Terminal 1,2 and 3 combined, ti will create more new job opportunities in the aviation sector.

Changi Business Park: A thriving business hub for finance, technology, and R&D that attracts major corporations due to its strategic proximity to the airport.

Changi Aviation Park: Strategically located near Changi Airport, it is a key centre for aviation-related businesses that serve the air cargo and aircraft maintenance sectors.

Tampines Regional Centre: Singapore's first regional centre comprising business offices, government services, and diverse shopping malls, it caters to residents and the eastern region's workforce.

According to the Changi Region Master Plan, the development of the Changi Terminal 5, Changi East Industrial Zone, Changi East Urban District, and Changi Aviation Park will transform the area into a thriving economic hub and create major employment opportunities. In turn, this will boost demand for housing.

Review Conclusion: Investment Potential of Kassia Condo

Kassia Condo presents a compelling proposition for property investors. With its idyllic location within a private residential enclave, a strong developer track record, and well-designed features, the development can be expected to see healthy capital appreciation over time.

This is especially so when the freehold development is selling at 99-year leasehold prices.

Moreover, property investors can benefit from an increase in housing demand due to its strategic proximity to major employment and business hubs. This will present them with the chance to generate consistent rental income on top of potential capital appreciation.

Moreover, there is no other GLS (government land sale) site in the Flora Drive neighbourhood. The last project launched was the Jovell in May 2019 and this is expected to stir pent-up demand.

An Analysis of Kassia Condo’s Investment Prospect

Meanwhile, to evaluate the investment prospect of Kassia Condo, let us take a look at how some condos in the vicinity have performed since their launch.

Average Price Trend Analysis - Jovell, Inflora, The Gale, and Dahlia Park

As can be seen from the above chart, properties in the vicinity of Kassia Condo have performed admirably despite not being located within walking distance of an MRT station. This shows that families and property investors are attracted to its exclusivity in a private residential enclave while enjoying close proximity to good schools, amenities and major employment nodes.

Although recent new property launches have experienced generally tepid responses, some projects have done well. These include the J’Den at Jurong East which was launched on 11 November 2023 and Lentor Mansion on 6 March 2024, which achieved a strong take-up rate of 88% and 75% respectively.

J’Den’s stellar performance can be attributed to the exciting transformation taking place in the Jurong Lake District while Lentor Mansion’s attractive entry price was a draw for families and property investors alike.

Hence, Kassia Condo could benefit from the transformation of the Changi Region and its proximity to the Changi Airport which is just an 11-minute drive away, especially if the developer prices it realistically.

Meanwhile, the expectation of up to three US rate cuts by the Federal Reserve in the second half of the year could provide a boost to Singapore’s real estate market. This is because it would allow the Monetary Authority of Singapore (MAS) to loosen its policy stance, which will in turn lead to a decline in mortgage rates.

Therefore, Kassia Condo will provide property investors with the “first-mover” advantage before sentiment takes an upturn.

To receive the latest information on Kassia Condo (launch price, site and floor plans, and other project details), please WhatsApp Me.

Besides Kassia, you may also wish to check out other new property launches.