• Representing a buyer who sold their first EC and purchased this unit in 2021
• District 3 where Echelon is had averaged a jaw dropping $2000/sqft in 2021, this purchase which at that point of time was the top 3 in price of this project was a necessary one.
• Helped purchase it at $1,780/sqft in June 2021.

The challenge was to find a dream home for my clients that could pay for itself. This extremely savvy investor buyer was looking to purchase a cash-positive investment unit.

Where initially they wanted to buy 2 small units that could be rented for positive cash flow when rented out, this was a plan that I did not encourage them to do.

Understanding that a larger sized home, 3 to 4 room options earned better, and sold for more in the historical trends. I ensured these buyers bought this 3 bedroom + utility condo at Echelon – and suggested a co-living breakdown, where 4 rooms were cut out of this unit, and with all 4 rented out, they could stay in the master-bedroom, while not even paying a cent for the monthly mortgage. As of December 2023, this unit has grown in 12% gross ROI in 2 short years, thanks to COVID and inflation, is worth $2.6m, earning a paper gain of $300k in 2 years without the clients paying one cent of the monthly mortgage while residing in this home still.

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Echelon is an award winning condominium, from a developer with a history of building successful environmentally aware projects. Located in the up and coming area of Alexandra, just 5 minutes’ walk from Redhill MRT Station on the East West Line, it is convenient for both the main shopping and business districts in Singapore as well as the nightlife and dining centres of choice such as Dempsey Hill, Holland Village and Tiong Bahru. Echelon provides residents with luxurious, modern living in a green environment of calm and tranquillity while surrounded by the buzz of the city.Echelon is developed and built by City Developments Limited (CDL) a Singapore-listed international property and hospitality conglomerate, and one of the biggest landlords on the island. Its extensive global network encompasses more than 400 subsidiaries and associated companies, and owns and manages properties across Asia, Europe the Middle East, North America and New Zealand/Australia. Established in 1963, CDL has won numerous awards both here in Singapore as well as internationally, and has earned itself a reputation for being a socially responsible corporation, championing green and environmentally aware initiatives and projects.