Creston Residence is a freehold new launch development located at Still Road, District 15 in Singapore. It will consist of a single tower of 5 storey high, with carpark located at the first storey.
Creston Residence is located near to upcoming Marine Parade MRT, hence provides lots of convenience to the residents staying here. It is near to a lot of top schools, such as Tao Nan School, CHIJ Katong Primary, Haig Girls’ School and many others. It is also within walking distance to shopping mall like I12 Katong, Parkway Parade, Katong shopping centre for residents to buy their grocery and do their shopping. During the weekends, the residents staying here can take a short stroll to East Coast Park to do their recreational activities.
Creston Residence is developed by developer, Melville Pte Ltd, which is under the property arm of Crescendas. a multi-industry local company, with a diversified portfolio which includes property, technology, investment and others.
In real estate, you get money from both the operation for this property (also known as a "dividend") and a second time when you sell it, and it is value has increased due to increasing rents (known as "capital appreciation"). This is in contrast to most other investments for example precious metals and non-dividend paying stocks, in which you only get paid once based on appreciation of the value of the asset. For example, if you an ounce of gold, you aren't getting a penny in dividends. The one thing you get is the distinction between what you bought the gold for and what you market for. The same is true for most stocks. Clearly, the best of all worlds is to get consistent income while you own it, and then a large distribution when you sell the house.
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