OUE Twin Peaks
Movie star Jackie Chan as well as singer-songwriter Wakin Chau are famous celebrities who have bought some apartments in the OUE Twin Peaks condominium development, located in District 09. According to The Business Times, Chan has bought two apartments while Chau has bought one, making OUE Twin Peaks as an investment opportunity a worthy choice for discerning buyers. This development constitutes of 462 units housed on twin 35-storey towers and it obtained temporary occupation permit on February 24, 2015. The twin towers are built on prime land measuring 130,983 sq ft and offers 436,169 sq of total living space.
Fully furnished condos
Each apartment in the OUE Twin Peaks is fully furnished and ready to be occupied. If you’re thinking of OUE Twin Peaks as an investment, the purchase price ranges from S$2,150-S$3,130 per square foot. Rental prices can vary from S$4.85-S$8.18 per square foot. When it comes to individual condos, a one-bedroom condo offers 549-571 square feet of space. A two-bedroom condo offers 1055 square feet of space while a three-bedroom condo offers 1399-1604 square feet of space. As for the actual prices, a one-bedroom condo can cost $1,520,730 or $1,707,290 depending on the square feet. A two-bedroom condo can cost $2,992,350 while three-bedroom condos are listed at $3,665,380, $3,679,370, $3,689,200 and $4,218,520 depending on the square feet of space.
Deferred Payment Scheme
There are many reasons to consider OUE Twin Peaks as an investment, and top of the list is that you can acquire property through the Deferred Payment Scheme (DPS). In this scheme, buyers put a down payment of 20% on a condo, and then pay nothing for the next three years. And after three years, you pay off the remaining balance in the usual manner. There’s also a different scheme where you put down the 20% discount and start paying off the mortgage after one year.
Why this is a wise investment
You can get discounts since the Qualifying Certificate means the developer must sell the condos within two years. The units are also sold fully furnished and you can move in right away. The development is located in District 9, which is a very prime location.
There’s an arrival lobby and concierge desk on the ground floor. Residents can also enjoy an outdoor pool which includes a children’s pool. The twin towers also feature gourmet dining suites, a gym, tennis court, and a barbeque or teppanyaki pavilion. There are steam rooms, Jacuzzi, spa room, laundry room, library, and a lounge. Amenities near the towers include bus services, international schools and restaurants where you can enjoy delicious cuisine. You can buy goods at nearby shopping centers and supermarkets and you can withdraw money from nearby banks. It takes five to ten minutes to drive to the central business district.
OUE Twin Peaks condos overview
The location of the development offers exclusivity in a prime location while also providing connectivity to the other parts of the city. Communal amenities such as libraries, pools, spas and Jacuzzis encourage participation within the community. The development is clean and green and provides many leisure options for adults and children. It’s a wonderful place to raise a family and if you’re considering OUE Twin Peaks as an investment, you will be making one of the best decisions of your life.
Take a look at the OUE Twin Peaks experience through watching this video: