FLO Residence · 9 Punggol Field Walk
The asset
A high-floor, unblocked three-bedroom, two-bathroom unit of 1,012 sqft at FLO Residence in Punggol, a 530-unit condominium completed in 2016, three minutes on foot (220 m) from Coral Edge LRT on the Punggol loop. It comes partially furnished and is sold with a tenancy in place at $4,600 a month on a two-year lease, which is roughly 3.5 per cent gross on the $1,598,000 asking price, or about $1,579 psf. One for a buyer who wants income from day one and a Punggol address near Punggol Plaza, with Waterway Point and the Punggol Digital District a short ride away. Marketed by Ivan Lim of The Property Collective, CEA R047812E.
Ivan Lim holds this listing for the team because it fits the brief of an asset-progression buyer: durable fundamentals, a defensible location, and an entry that compounds rather than flips. A short call will tell us whether it fits where you are.
How we'll handle it