The Ranz
The Ranz is a freehold, mixed-use development located at 109 Rangoon Road in Singapore’s District 8. It’s a boutique development with 14 residential units and 3 commercial shops on the ground floor.
Live in comfort at The Ranz, a freehold city fringe development, with 14 apartments including 2 duplexes and 3 shops space right in the heart of convenience. Go carbon free, and embrace a green, car-lite lifestyle in this urban space. A 5-minute walk to the nearby Farrer Park MRT or take a short drive to the major expressways for seamless connection to anywhere across the island. Multiple shopping and dining spots are within reach, whether modern or traditional choices are your preference for the day.Indulge in the comfort of essential living at The Ranz.
Whatsapp Dave for viewing appointment @ 8786 5200
Penthouse 2357sqft
Location
The Ranz apartment’s location is good because it’s close to everything.
Connectivity: It’s a short walk from Farrer Park MRT station, giving you quick access to the city center and Orchard Road. Major expressways are also nearby for those who drive.
Amenities: You’re surrounded by shopping malls like City Square Mall and a ton of dining options. It’s also close to hospitals and good schools.
City-Fringe: The property offers a great balance—it’s near the city’s action but still in a quieter residential area.
Potential Rental for The Ranz
The Rangoon Road area in District 8 features a mix of older and newer boutique developments. Rental prices in the area generally range from S5,200 per month for smaller units, depending on the age, size, and specific amenities of the property.
Here’s a breakdown of rental prices for comparable nearby properties:
Rangoon 88 (Built 2015): This is one of the closest and most modern comparables. 1-bedroom units of around 420-441 sqft are listed for rent between S3,200. Larger units are also available.
Suites 123 (Built 2010): A 1-bedroom unit of around 495 sqft is listed for S$3,500.
Urban Lofts (Built 2011): A 1-bedroom unit of 506 sqft is listed for S$2,998.
Loft @ Rangoon (Built 2014): A duplex penthouse unit of 850 sqft is listed for S$3,800.
Rangoon Apartments (Built 1997): An older but larger 1-bedroom unit of 775 sqft is listed for S$3,300.
Key Observations
Pricing reflects newness and amenities: Newer developments like The Ranz and Rangoon 88 generally command higher rents due to modern facilities, better finishes, and newer construction.
Location Premium: Properties along Rangoon Road benefit from their close proximity to Farrer Park MRT station and City Square Mall, which is reflected in the rental prices.
Freehold vs. Leasehold: As a freehold property, The Ranz may be able to command a slight rental premium or have better long-term rental appreciation compared to a 99-year leasehold property.
Rental Yield: The average rental yield for residential properties in District 8 is approximately 3.7%, which is higher than the average for Singapore’s Core Central Region (CCR). This indicates the area is a solid choice for rental income.
In summary, The Ranz’s brand-new status and modern design are likely to place its rental rates at the higher end of the local market, potentially fetching competitive rents comparable to or even higher than its immediate, but older, neighbors. Its strong location ensures it will remain a desirable option for tenants.