Exodus Garden 2A is a new luxury condominium located in the Novena area of Singapore. Developed by Roxy-Pacific Holdings and situated right next to Tan Tock Seng Hospital, this 99-year leasehold property promises to be an oasis amidst the busyness of the surrounding medical hub. Let’s take a closer look at what Exodus Garden 2A has to offer.
Project Details and Location
Exodus Garden 2A is part of an integrated development that also includes Exodus Garden. It is located along Moulmein Rise, just a 5-minute walk from Novena MRT station. Residents will find themselves close to reputable schools like Anglo-Chinese School (Junior), St Joseph’s Institution Junior, and Singapore Chinese Girls’ School. Entertainment and retail options abound with United Square Shopping Mall, Balestier Plaza, and Shaw Centre nearby.
This development sits on a land size of around 19,701 sq ft and will consist of 2 residential towers of 14 storeys each. It will house 124 exclusive units in total, comprising 2- to 4-bedroom units ranging from 474 to 1,281 sq ft.
Architectural Design and Layout
Designed by Architrave, Exodus Garden 2A features a modern and contemporary architectural style. The towers are oriented to allow for optimal natural lighting and ventilation. Units come in efficient layouts and the 4-bedroom units include a yard area. All units will be fitted with quality furnishings and finishes from reputable brands.
Residents can enjoy thoughtful amenities spread across the 24,000 sq ft landscape deck. There is an infinity lap pool, hydrotherapy pool, and jacuzzi for relaxation. The property also has a gymnasium, steam room, and lounge for residents to mingle and bond. Barbeque pits and dining pavilions provide spaces to host gatherings and parties.
Top-notch Facilities and Services
Exodus Garden 2A aims to provide full condominium facilities to maximize convenience and comfort for residents.
The Development offers:
- 24-hour security with CCTV surveillance
- Concierge service
- Indoor gym
- Function room
- BBQ pits
- Playground for kids
- Landscaped gardens
- EV charging stations
There will also be smart home technology installed in the development to enable home automation systems. Facilities management and maintenance services will be provided to keep the development running seamlessly.
Exodus Garden 2A is developed by Roxy-Pacific Holdings, a renowned developer listed on the SGX Mainboard since 2008. The group is an established player in the local small-mid cap property segment with a portfolio covering hospitality, residential, and commercial properties.
Some of their completed residential projects include The Navian, Boutiq, LIV on Wilkie, and Parc Esta. Roxy-Pacific aims to provide quality homes with good value while delivering timely and reliable service.
Exodus Garden 2A was launched for sale in 2022 with an average price of $2,500 to $2,600 psf. Here is a price comparison with other recently launched projects in the area:
- Liv on Sophia: $2,659 psf (median)
- The Woodleigh Residences: $2,166 psf (median)
- The Navian: $1,987 psf (median)
Given its prime location and full facilities, Exodus Garden 2A is attractively priced relative to comparable new launches around the Novena area. Investors and homebuyers have been snapping up units since its launch.
As of September 2023, 80% of the units have been sold based on URA data. Resale transactions at Exodus Garden 2A have achieved $2,900 to $3,100 psf, indicating strong demand and capital appreciation. Market analysts remain optimistic about future price growth given rising rents and limited new condo supply in the Novena vicinity.
Target Market and Profile
Exodus Garden 2A caters to a mix of homebuyers, including:
- Young professionals working in the Novena medical hub
- Families looking for a home near top schools
- Investors attracted to the scarcity of new launches in the area
- Downsizers who prioritize convenience and amenities
Buyers are likely to be well-educated and financially stable such as doctors, business executives, lawyers and bankers. There is expected to be a significant proportion of investors as well given the robust rental demand. Foreigners and PRs are estimated to make up 30% of buyers as the project permits foreign purchase.
Exodus Garden 2A hits a sweet spot amidst the crowded condo landscape in Singapore. With its full range of facilities, thoughtful design, and attractive pricing, it presents a compelling option for homebuyers and investors alike.
We like that it is situated in a mature Novena estate that offers convenience and accessibility. The developer also has a strong track record in residential developments. While the unit sizes are not excessively big, they are efficient and practical.
The promising rental yields, capital appreciation and en bloc potential make Exodus Garden 2A stand out as an investment. It helps that foreign buyers are allowed, boosting the rental demand. Ultimately, Exodus Garden 2A achieves a good balance between liveability, luxury, and investment value.
Frequently Asked Questions (FAQ)
Here are some common questions homebuyers have about Exodus Garden 2A:
Q: Where is Exodus Garden 2A located?
A: Exodus Garden 2A is located along Moulmein Rise in District 11, within the Novena area. It is around 300m from Novena MRT station.
Q: How many units are there in Exodus Garden 2A?
A: There are 124 exclusive units spread across 2 residential towers of 14 storeys each. Available unit types range from 2-bedroom to 4-bedroom units.
Q: What are the main amenities nearby Exodus Garden 2A?
A: Key amenities near Exodus Garden 2A include United Square Shopping Mall, Balestier Plaza, Shaw Centre, reputable schools like Anglo-Chinese School (Junior), St Joseph’s Institution Junior, and Singapore Chinese Girls’ School.
Q: What are some of the facilities available in Exodus Garden 2A?
A: Facilities include an infinity lap pool, hydrotherapy pool, gymnasium, steam room, lounge, BBQ pits, playground, EV charging stations and 24-hour security.
Q: What is the tenure of Exodus Garden 2A?
A: Exodus Garden 2A sits on a 99-year leasehold land starting from 2017. This gives the development a remaining lease of around 96 years.
Q: What is the average psf price at Exodus Garden 2A?
A: Based on caveats lodged, the average psf at Exodus Garden 2A is between $2,500 to $2,600. Some resale transactions have achieved higher prices of $2,900 to $3,100 psf.
Q: What is the expected rental yield for units at Exodus Garden 2A?
A: Analysts expect gross rental yield to be around 3% to 4%. This is comparable to other condos in the Novena area given the robust rental demand.
Q: Are foreigners or PRs allowed to buy units at Exodus Garden 2A?
A: Yes, foreigners and PRs are allowed to purchase units at Exodus Garden 2A. The development is not subject to the ABSD or SSD.
Q: When will construction be completed for Exodus Garden 2A?
A: Construction is estimated to complete by end 2023. Buyers can expect to receive vacant possession some time in 2024.