Kandis Residence at 2 Kandis Link, Singapore, presents an opportunity for buyers looking for a modern condominium that can serve both as an investment property and as a comfortable home. Located in District 27, within the Sembawang and Yishun area, the property combines a relatively young lease profile with a green surroundings and convenient access to parks and everyday amenities.
The asking price is S$730,000 for a 1 bedroom, 1 bathroom condominium unit measuring approximately 484 square feet. Based on the stated asking price and floor area, the property is priced at approximately S$1,508 per square foot.
The unit is currently tenanted at S$2,500 per month, providing an indicated gross rental yield of approximately 4.1 percent based on the asking price. For buyers considering property as part of a long term investment strategy, the existing tenancy may provide an immediate rental income arrangement, subject to the terms of the tenancy agreement and the completion of the transaction.
The property also has characteristics that may appeal to owner occupiers. It offers a practical one bedroom layout, a balcony, air conditioning, a water heater and a garden or greenery view. The condominium is described as being surrounded by parks and greenery and located only minutes from Sembawang Park.
PROPERTY OVERVIEW
Kandis Residence is located at 2 Kandis Link, Singapore, with postal code 756967. The development falls within District 27, commonly associated with the Sembawang and Yishun area.
The property was completed with a Temporary Occupation Permit in 2021, meaning the development is relatively young compared with many other residential properties in Singapore. The stated tenure is 99 years, providing a long lease profile for buyers who are considering holding the property over an extended period.
The available unit is a one bedroom condominium with one bathroom. It is situated on a medium floor and is partially furnished. The unit includes several features that are useful for both tenants and owner occupiers, including air conditioning, a balcony, a water heater and a garden or greenery view.
At approximately 484 square feet, the unit provides a compact residential layout that may suit individuals or couples who prefer a modern condominium environment without the larger space requirements of a multi bedroom home.
The current asking price is S$730,000. With a stated floor area of 484 square feet, the indicative price is approximately S$1,508 per square foot. The actual valuation and market positioning should be independently assessed by prospective buyers based on current comparable transactions, unit condition, floor level, facing, tenure, development facilities and other relevant factors.
CURRENT RENTAL INCOME
One of the notable characteristics of this property is that the unit is currently tenanted at S$2,500 per month.
A monthly rent of S$2,500 corresponds to an annual gross rental income of approximately S$30,000 before expenses, taxes, maintenance fees, financing costs, vacancy periods and other ownership costs.
Based on the stated asking price of S$730,000, the gross rental yield is approximately 4.1 percent. This calculation is based on annual rental income divided by the asking price.
The existing tenancy can be relevant for an investor because the property is already being used as a rental home. However, prospective purchasers should review the tenancy agreement carefully before proceeding with a purchase. Important considerations may include the tenancy expiration date, renewal arrangements, security deposit, rental payment history, tenant obligations and whether the tenancy will continue after completion of the sale.
Rental income should also be considered together with the full cost of property ownership. Gross rental yield does not account for maintenance charges, property taxes, repairs, insurance, financing costs, agent fees, periods of vacancy or other expenses. Therefore, the actual net return may differ from the stated gross rental yield.
A MODERN PROPERTY WITH A HEALTHY LEASE PROFILE
The development received its TOP in 2021 and is described as being approximately five years old. This relatively young age may be attractive to buyers who prefer newer residential developments.
A newer condominium can potentially offer modern building design, contemporary layouts and facilities that may appeal to today’s residents. It may also reduce some of the concerns associated with purchasing an older property, although all properties require appropriate maintenance and buyers should conduct their own inspection.
The property has a 99 year lease tenure. Lease length is an important consideration in Singapore residential property purchases because the remaining lease can influence financing considerations, buyer demand and the long term value profile of a property.
With a TOP of 2021, the property remains relatively early in its lease period. Nevertheless, buyers should evaluate the property based on their own investment horizon and financial objectives rather than relying solely on the property’s age or remaining lease.
LOCATION IN DISTRICT 27
Kandis Residence is located in District 27, covering the Sembawang and Yishun area in the northern part of Singapore.
District 27 is known for its residential communities, parks, recreational spaces and access to established amenities. The area provides a different residential environment from Singapore’s central districts, with more emphasis on suburban living and access to green spaces.
For residents who prefer a quieter environment, the surrounding area can provide an appealing balance between residential comfort and access to everyday facilities.
The location at 2 Kandis Link also places the property near the Sembawang waterfront area. Sembawang Park is one of the notable recreational spaces in the vicinity and provides residents with access to greenery and outdoor surroundings.
The presence of parks and greenery can be an important lifestyle factor for buyers who value outdoor recreation and a more relaxed residential atmosphere.
SURROUNDED BY PARKS AND GREENERY
One of the key selling points of the property is its surrounding greenery.
Urban residential properties in Singapore can offer very different living environments depending on their location. Kandis Residence is positioned in an area where parks, greenery and outdoor spaces form an important part of the surrounding environment.
The proximity to Sembawang Park provides an additional recreational option for residents. Parks can support a variety of everyday activities, including walking, jogging, relaxing outdoors and spending time with family.
The unit itself is also described as having a garden or greenery view. For a one bedroom condominium, an attractive outward view can contribute to the overall residential experience, particularly for residents who spend significant time at home.
The balcony provides an additional outdoor element within the unit. Depending on the specific orientation and facing of the property, a balcony can be used as a small outdoor seating area or simply provide additional ventilation and visual connection with the surrounding environment.
ONE BEDROOM LAYOUT
The unit consists of one bedroom and one bathroom with approximately 484 square feet of floor area.
A one bedroom condominium can be suitable for several types of residents. It may appeal to singles, couples, professionals or investors targeting tenants who do not require multiple bedrooms.
The relatively compact floor area can also make the property easier to maintain compared with larger residential units. At the same time, buyers should inspect the actual layout to determine how efficiently the available space is arranged.
The medium floor position may provide a balance between accessibility and elevation. However, the specific benefits of the unit’s floor level depend on the building orientation, surrounding structures, view, noise levels and other factors that should be inspected personally.
The availability of a balcony, air conditioning and a water heater adds practical features to the residential setup.
PARTIALLY FURNISHED CONDITION
The unit is described as partially furnished.
Partial furnishing can provide flexibility for both investors and owner occupiers. An investor may be able to continue renting the unit with the existing furnishings, subject to agreement with the tenant and the terms of the sale.
For an owner occupier, partial furnishing allows the buyer to personalize the property without necessarily starting with a completely empty unit.
Prospective buyers should confirm exactly which furniture and appliances are included in the sale. Items shown in photographs or used by the current tenant should not automatically be assumed to be included unless they are specified in the sale documentation.
AIR CONDITIONING AND WATER HEATER
The unit includes air conditioning and a water heater.
Air conditioning is a practical feature for Singapore’s warm and humid climate. A properly maintained air conditioning system can contribute to indoor comfort, especially during warmer periods.
The water heater is another basic convenience that supports everyday residential use.
Buyers should inspect the condition, age and maintenance history of these installations where possible. For investment purchases, understanding the condition of existing fixtures and appliances can help buyers estimate potential maintenance requirements.
BALCONY AND GARDEN VIEW
The balcony and greenery view are among the property’s lifestyle features.
A balcony can provide a small private outdoor area within a condominium unit. Depending on the size and configuration, it may be used for plants, seating or simply enjoying fresh air.
The garden or greenery view can also contribute to the visual character of the unit. Views are highly dependent on the specific unit orientation and surrounding development, so prospective buyers should personally inspect the view rather than relying only on general descriptions.
For tenants, these features may contribute to the appeal of the property when compared with other one bedroom units that have less outdoor space or less open surroundings.
INVESTMENT AND OWNER OCCUPATION
The property is positioned as suitable for both investment and own stay.
For investors, the existing tenancy at S$2,500 per month provides a clearly stated rental income figure that can be used as a starting point for financial analysis.
The stated gross rental yield of 4.1 percent provides another reference point. However, investors should calculate their expected net yield after considering all applicable costs.
For owner occupiers, the property provides a one bedroom residential configuration within a condominium development. Its relatively young age, greenery surroundings, balcony and practical facilities may be relevant factors when evaluating it as a home.
The decision between investment and owner occupation depends on the buyer’s financial circumstances, intended holding period, financing arrangements and lifestyle requirements.
PRICE AND PRICE PER SQUARE FOOT
The asking price for the unit is S$730,000.
With an approximate floor area of 484 square feet, the stated price works out to approximately S$1,508 per square foot.
Price per square foot is commonly used as a reference when comparing residential properties, but it should not be considered in isolation.
Two units with similar floor areas can have different values because of differences in floor level, orientation, view, condition, renovation, furnishing, lease position and other characteristics.
Buyers should therefore compare this unit with recent transactions and current listings for similar units within the same development and nearby developments. An independent property valuation can also provide additional information before a purchase decision is made.
RENTAL YIELD CALCULATION
The stated rental is S$2,500 per month.
Annual rental income can be calculated as follows:
S$2,500 multiplied by 12 months equals S$30,000 per year.
Using the asking price of S$730,000:
S$30,000 divided by S$730,000 equals approximately 4.1 percent.
This produces the stated gross rental yield of approximately 4.1 percent.
The calculation is straightforward, but investors should remember that gross rental yield is different from net investment return.
Expenses can include property tax, condominium maintenance fees, insurance, repairs, replacement of appliances, financing interest and potential vacancy periods. Depending on the circumstances of the owner, there may also be other costs associated with purchasing, holding or selling the property.
A proper investment assessment should therefore consider both income and expenses.
TENANCY CONSIDERATIONS
Because the unit is currently tenanted, prospective buyers should request relevant tenancy information during the due diligence process.
The tenancy agreement should be reviewed to understand the rental amount, lease period, renewal provisions, security deposit and responsibilities of both landlord and tenant.
It is also important to establish how the existing tenancy will be handled if the property changes ownership.
The buyer should confirm whether the tenant will remain after completion and whether the stated rental amount represents the current contractual rent.
These details can materially affect the expected cash flow of an investment property.
LOCATION AND LIFESTYLE
The Sembawang area offers a residential environment associated with greenery, parks and waterfront surroundings.
For residents who enjoy outdoor activities, nearby green spaces can provide opportunities to walk, exercise or relax without having to travel to central Singapore.
The proximity to Sembawang Park is particularly relevant to the property’s lifestyle positioning.
At the same time, residents should consider commuting requirements. Buyers should evaluate the actual travel time to their workplaces, schools, transport connections and frequently visited amenities before purchasing.
Location suitability is ultimately personal. A property that is convenient for one buyer may be less convenient for another depending on daily travel patterns.
WHO MAY CONSIDER THIS PROPERTY
The property may be relevant to buyers looking for a one bedroom condominium with an existing rental arrangement.
It may also appeal to buyers who prefer newer residential developments and value access to parks and greenery.
Singles and couples may find the one bedroom format suitable for their housing requirements, while investors may focus on the existing S$2,500 monthly rental and the stated 4.1 percent gross rental yield.
However, every prospective buyer should evaluate the property according to their own financial position, intended use and long term objectives.
IMPORTANT DUE DILIGENCE BEFORE PURCHASE
Before committing to a purchase, prospective buyers should independently verify the key information relating to the property.
This can include the exact floor area, tenure, TOP date, maintenance fees, property taxes, tenancy status, rental agreement, unit condition and any outstanding matters associated with the property.
Buyers should also confirm the exact purchase price and transaction costs.
A physical viewing is recommended to assess the actual condition of the unit, including the air conditioning system, water heater, balcony, flooring, walls, windows and furnishings.
The buyer should also inspect the actual view from the unit and assess noise levels, sunlight exposure and ventilation.
For an investment purchase, buyers should compare the existing rental with recent rental transactions for similar units and nearby properties.
NO AGENT FEE
The listing states that there is no agent fee.
Prospective buyers should confirm the exact meaning and terms of this statement before proceeding. Any transaction-related charges, legal fees, taxes, administrative expenses or other applicable costs should be clearly identified before signing an agreement.
Buyers should request a complete breakdown of all costs associated with the transaction.
CONCLUSION
Kandis Residence at 2 Kandis Link offers a one bedroom condominium with approximately 484 square feet of living space at a stated asking price of S$730,000.
The unit is located in District 27, Sembawang and Yishun, with postal code 756967. The development received its TOP in 2021 and has a 99 year lease tenure.
The property is currently tenanted at S$2,500 per month, representing approximately S$30,000 in annual gross rental income. Based on the stated asking price, this corresponds to a gross rental yield of approximately 4.1 percent.
In addition to its investment characteristics, the property provides features that may support owner occupation, including one bedroom, one bathroom, partial furnishing, air conditioning, a water heater, a balcony and a garden or greenery view.
Its location near parks and greenery, including Sembawang Park, adds a lifestyle component for residents who value outdoor spaces and a quieter residential environment.
The asking price of S$730,000 and stated price of approximately S$1,508 per square foot provide useful starting points for comparison with other condominium properties in the surrounding area. However, buyers should conduct independent research and due diligence before making a purchase.
The property’s existing tenancy, relatively young development age, 99 year lease, one bedroom configuration and access to greenery are important characteristics to consider alongside price, rental income, ownership costs and long term objectives.
For buyers considering the property, the next step should be to verify the listing information, inspect the unit, review the tenancy agreement, understand all transaction costs and compare the property with relevant recent market transactions.
Kandis Residence at 2 Kandis Link represents a residential property option in Singapore’s northern region that combines a modern condominium setting with an existing rental arrangement and access to surrounding green spaces.