Luxurious Three-Bedroom Penthouse at Spottiswoode Residences for $5.38 Million – Prime District 2 Property

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Exquisite Three-Bedroom Penthouse at Spottiswoode Residences

Exquisite Three-Bedroom Penthouse at Spottiswoode Residences Available for $5.38 Million.

Overview

Experience luxurious living in this remarkable three-bedroom penthouse in the prestigious Spottiswoode Residences. The spacious 2,486 sq ft property on the 36th floor is currently listed for sale at $5.38 million, which translates to $2,164 per square foot (psf) on the floor area. This owner’s sale presents a unique opportunity for discerning buyers to own an exquisite real estate in District 2.

Striking Duplex Design and Features

The penthouse’s innovative duplex design offers an exceptional blend of luxury and comfort. On the upper floor, the roof terrace boasts ample space for a jacuzzi and open-air decks that provide breathtaking views of Tanjong Pagar and Keppel docks. The upper floor also includes an en suite junior main bedroom with direct access to the outdoor deck.

The lower floor houses an en suite main bedroom, a third bedroom, and a shared bathroom. The well-appointed kitchen leads to a small service yard, a toilet, and a bomb shelter. The dining and living areas seamlessly flow together, connecting to a sheltered balcony offering additional relaxation and entertainment space.

This exclusive property is being sold with an existing tenancy due to expire at the end of August.

Prime Location and Amenities

Located at Spottiswoode Park Road in District 2, Spottiswoode Residences is a distinguished freehold development by the esteemed UOL Group. This 351-unit project, completed in 2013, features a diverse mix of unit types, including predominantly one- and two-bedroom apartments, 25 three-bedroom units, and seven exclusive penthouses. The development enjoys a strategic position on the fringe of the Central Business District (CBD), providing residents with the benefits of urban living while maintaining a serene atmosphere.

Residents enjoy easy access to the Singapore General Hospital at Third Hospital Avenue and other medical institutions such as Outram Community Hospital, National Heart Centre, and Duke-NUS Graduate Medical School on the SGH Campus.

Exceptional Connectivity

Spottiswoode Residences is well-connected through nearby public transport and road networks. Outram MRT Interchange Station is less than 300 meters from the condominium, serving the East-West, North-East, and Thomson-East Coast Lines. The upcoming Cantonment MRT Station, part of the Circle Line’s last phase, is less than 200 meters away and is expected to be operational in 2026.

Surrounding Developments

The property is surrounded by various public and private residential developments, including the 50-story Pinnacle @ Duxton on Cantonment Road, Spottiswoode Suites and Spottiswoode 18 on Spottiswoode Park Road, and the soon-to-be-completed Sky Everton on Everton Road. The charming conservation houses on Blair Road and Everton Road are also nearby, adding to the rich architectural landscape.

Investment Potential

When Spottiswoode Residences was launched in November 2010, it received overwhelming interest from buyers. The developer sold 130 (87%) of the 150 units initially released for sale, and within three weeks, a total of 275 units (78% of the total number of units) had been purchased. At the time, prices ranged from $1,720 psf to $2,150 psf. The penthouse unit now on sale was bought from the developer for $4.58 million ($1,842 psf) in December 2010.

The property’s competitive pricing, luxurious features, and prime location make it an attractive investment option. In addition, prices at Spotthouse Residences are on par with surrounding freehold properties built in the 2010s. For instance, Spottiswoode 18, completed in 2014, has an average price of $2,120 psf, while Spottiswoode Suites, completed in 2017, has an average price of $2,236 psf.

Recent Transactions and Market Trends

In 2022, Spottiswoode Residences witnessed ten resale transactions. These sales ranged from a 603 sq ft one-bedroom unit on the 32nd floor that fetched $1.3 million ($2,157 psf) in September to a 936 sq ft two-bedroom unit on the 17th floor that changed hands for $2.17 million ($2,317 psf) in December.

The most recent sale of a penthouse unit at Spottiswoode Residences occurred in March 2021, when a 2,906 sq ft, three-bedroom duplex was sold for $5 million ($1,720 psf). This unit had been bought from the developer for $4.25 million ($1,462 psf) in November 2014.

Based on a tabulation of resale caveats by EdgeProp Singapore, Spottiswoode Residences commands an average price of $2,175 psf, making it an attractive investment opportunity for potential buyers.

Auction Details

The three-bedroom penthouse at Spottiswoode Residences will be put up for auction on April 26 by Singapore Realtors Inc (SRI). Interested buyers are advised to keep an eye on the auction details and prepare to seize this exceptional opportunity to own a luxurious penthouse in the heart of District 2.

In Conclusion

The Spottiswoode Residences penthouse presents a unique opportunity for potential buyers to invest in a property that offers luxury, comfort, and excellent connectivity. Its prime location in District 2 and its competitive pricing and strong market trends make it a beautiful investment for those seeking a high-end property in Singapore.

Take advantage of owning this stunning three-bedroom penthouse at Spottiswoode Residences. Mark your calendar for the auction on April 26, and be prepared to bid on this exceptional property that promises a luxurious lifestyle in one of Singapore’s most sought-after districts.

Chinese Investors Boost Property Markets in Singapore

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Chinese Buyers Increase Investments in Singapore Properties

Chinese Buyers Increase Investments in Singapore, Australia, and Thailand Properties

As the global economy recovers from the pandemic, Chinese investors increasingly seek opportunities to diversify their assets by purchasing properties in Singapore, Australia, and Thailand. This trend indicates a growing desire among Chinese families to secure their wealth overseas and benefit from these countries’ burgeoning real estate markets.

The surge in Singapore’s Real Estate Market

Singapore has become a popular destination for Chinese investors thanks to its stable economy and attractive investment opportunities. The city-state’s River Valley/Orchard area, in particular, has witnessed a significant influx of Chinese families and capital, leading to a boom in the private home sector.

Singapore’s robust regulatory framework and transparent property market have contributed to its appeal among Chinese investors. Additionally, the city-state’s strategic location in Southeast Asia and well-established infrastructure make it an attractive option for investing in real estate.

Australia: Chinese Students Drive Property Demand

In Australia, the demand for residential properties has been fueled by the return of Chinese students to the country’s universities. With an increasing number of Chinese students seeking accommodations, the Australian property market has experienced a resurgence in interest from Chinese investors.

These investors purchase flats and apartments near educational institutions, driving up property prices in university towns and cities. This renewed demand for Australian properties highlights the country’s solid educational offerings and appeal as a destination for international students.

Thailand’s Real Estate Gains Momentum

Thailand has also emerged as a popular choice for Chinese property buyers. The country’s affordable real estate prices and attractive tourist destinations have piqued the interest of Chinese investors, who are now actively seeking opportunities to purchase properties there.

Thailand’s well-developed infrastructure and relaxed regulations on foreign property ownership have made it an appealing option for Chinese investors looking to diversify their portfolios. As a result, the Thai property market is experiencing an uptick in demand, particularly in popular tourist destinations such as Phuket and Pattaya.

Conclusion: Diversification Amid Fragile Confidence in China’s Real Estate Market

The increasing interest in properties in Singapore, Australia, and Thailand among Chinese investors can be attributed to the fragile confidence in China’s real estate market. With concerns over domestic market stability, Chinese families are looking to relocate their assets and diversify their investments in overseas property markets.

This trend is expected to continue as Chinese investors seek to capitalize on the growth potential of these countries’ real estate sectors. By investing in properties in Singapore, Australia, and Thailand, Chinese families are securing their wealth and taking advantage of the lucrative opportunities presented by the flourishing property markets in these countries.

 

Pullman Residences Newton Achieves Record-Breaking Price of $3,496 psf

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Pullman Residences Newton Achieves Record-Breaking Price

Pullman Residences Newton Achieves Record-Breaking Price of $3,496 psf

Pullman Residences Newton, a prestigious development in Singapore’s prime District 11, has recently reached a new milestone in price per square foot (psf). A 463 square ft one-bedroom unit on the 29th floor was sold for an impressive $1.62 million ($3,496 psf) on April 3.

Unprecedented Prices in a Prime Location

This sale surpasses the previous record at Pullman Residences Newton, where a 667 sq ft two-bedroom unit on the 30th floor fetched $2.33 million ($3,491 psf) on December 3, 2021. The most expensive unit in the development, a 1,378 sq ft four-bedroom apartment, was sold at $4.25 million ($3,083 psf) on September 29, 2022.

Pullman Residences Newton: A Luxury Development by EL Development

Pullman Residences Newton is a freehold development by EL Development that comprises 340 units in total. Boasting a prime location along Dunearn Road, the development is just a three-minute walk from Newton and Novena MRT stations, making it highly accessible for residents. In addition, Singapore Chinese Girls’ Primary School is a two-minute walk from the property.

Unit Types and Sizes

The development offers a diverse range of unit types, from one- to four-bedroom apartments, with sizes varying between 463 sq ft and 1,389 sq ft. Launched in June 2018, Pullman Residences Newton has sold 12 units as of November 10, 2019, and is currently 78.5% sold, according to developer data.

Other Notable High-Price Transactions in the Market

In the same week, Leedon Green witnessed a record-breaking sale as a 1,496 sq ft four-bedroom apartment on the sixth floor fetched $5.19 million ($3,467 psf) on March 31. This transaction surpassed the development’s previous record, established when a comparable four-bedroom unit was sold for $5.07 million – $3387 psf on February 17, 2023.

About Leedon Green

Leedon Green, a freehold condominium project, is the result of a joint venture between MCL Land and Yanlord Land Group. Situated in the prime District 10 on Leedon Heights, the development comprises 638 units and enjoys close proximity to Farrer Road and Holland Village MRT stations, both of which are on the Circle Line. Nearby educational institutions include St Margaret’s Secondary School and Nanyang Primary School, making the location ideal for families with school-aged children.

Lowest Record psf-price: The Gazania

In contrast, the week’s lowest record psf-price was achieved by a 1,851 sq ft four-bedroom unit at The Gazania, sold for $2.97 million ($1,603 psf) on April 3. This transaction marked an all-time low for the development.

The Gazania: A Brief Overview

The Gazania, situated at How Sun Drive in the Serangoon area, is a freehold condominium development in District 19, consisting of 250 units. Completed in 2022 by Singhaiyi, the project is conveniently positioned near Bartley and Serangoon MRT stations, both on the Circle Line. In the vicinity, reputable educational institutions such as St. Gabriel’s Secondary School and Maris Stella High School can be found, making it an attractive option for families with school-going children.

Comparing Developments: Pullman Residences Newton, Leedon Green, and The Gazania

To better understand the real estate landscape, we will compare the key features of the three developments mentioned: Pullman Residences Newton, Leedon Green, and The Gazania.

Location and Accessibility

All three developments are in prime areas, with Pullman Residences Newton in District 11, Leedon Green in District 10, and The Gazania in District 19. In addition, each property is conveniently located near MRT stations, providing residents with easy access to transportation.

Unit Types and Sizes

Pullman Residences Newton, Leedon Green, and The Gazania offer a variety of unit types, ranging from one- to four-bedroom apartments. The sizes of these units vary, catering to the diverse needs of potential buyers and investors. With a mix of unit configurations, these developments suit individuals, couples, and families.

Nearby Amenities and Facilities

Each of the three developments enjoys close proximity to esteemed educational institutions, making them suitable for families with children attending school. Furthermore, the properties are situated near various shopping centers, dining establishments, and leisure facilities, providing residents with convenient access to an extensive array of amenities and services.

Future Outlook and Investment Potential

The record-breaking transaction at Pullman Residences Newton indicates the robust demand for premium properties in Singapore’s prime districts. As a result, investors and homebuyers may consider these developments as potential investment opportunities, given their desirable locations, accessibility, and comprehensive facilities.

In Summary

The recent record-breaking sale at Pullman Residences Newton highlights the strong demand for luxury properties in prime districts within Singapore. The high psf-price achieved by this one-bedroom unit demonstrates the potential for growth and value appreciation in well-located developments such as Pullman Residences Newton.

Terra Hill is a free hold luxury property located in Singapore’s west coast. Read here for more details: terra-hill.sg

Uncovering West Coast: Singapore’s East Coast Rival on the Rise

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Singapore East Coast vs. West Coast Properties

Discovering the Hidden Gems: West Coast, the East Coast’s Emerging Competitor

Introduction: West Coast (District 5) – An Untapped Potential

While the East Coast (D15) is often lauded for its seaside lifestyle and proximity to the city center, an emerging rival – the West Coast (D05) – is quietly making its presence known. Comprising Clementi, Dover, Buona Vista, and Pasir Panjang, D05 has many unique features that make it an equally attractive, if not better, option for homebuyers and property investors. In this article, we explore the unparalleled appeal of D05 and discuss how it is set to outshine famous districts like D15 and D19.

A Thriving Educational Hub in the Heart of D05

Top-notch Local and International Schools

The West Coast is renowned for its concentration of esteemed educational institutions. Notable secondary schools such as ACS(I) and Hwa Chong Institution are located here. In contrast, renowned international schools like Tanglin Trust School and Dover International Court School cater to the needs of both local and expat families. In addition, the area’s vibrant academic atmosphere sets it apart from other districts.

World-class Tertiary Education

D05 is also a hotbed for tertiary education, with prestigious institutions such as the National University of Singapore (NUS), Singapore Polytechnic (SP), and Singapore Institute of Technology (SIT) located within its borders. Furthermore, located nearby in D10 (Bukit Timah) are esteemed institutions such as Ngee Ann Polytechnic (NP), the Singapore Institute of Management (SIM), and the Singapore University of Social Sciences (SUSS), all within easy reach for residents in D05.

Professional Advancement Opportunities

The presence of international business schools like INSEAD and ESSEC, coupled with the one-north business park, makes D05 a hub for academia and professional growth. Moreover, with many multinational companies and research institutes, D05 attracts high-income professionals and international students, driving up rental yields and resale prices.

Unrivaled Connectivity and Convenience

Extensive MRT Coverage

D05 is well-served by the Circle Line and East-West Line, offering residents seamless connectivity to the city center and other critical regions in Singapore, such as Serangoon and Paya Lebar. In addition, with two MRT lines crisscrossing the district, residents can easily access various parts of Singapore.

Easy Access to the City

For those who prefer to travel by car or bus, the city is just a 20-minute bus ride away. This convenient access to Orchard Road and other vital locations adds to D05’s appeal.

It is a Perfect Blend of Urban Living and Nature

Diverse Dining and Entertainment Options

The West Coast offers many food and entertainment options, such as the trendy Holland Village and renowned hawker centers like the Ghim Moh Wet Market and Food Court, home to Michelin Bib Gourmand-rated dishes.

An Abundance of Green Spaces

D05’s access to nature is unmatched, with West Coast Park and Labrador Park offering beautiful sea views. The district is also well-connected to significant nature attractions like Bukit Timah Nature Reserve and Southern Ridges through its extensive network of park connectors.

The Future of D05: Greater Southern Waterfront Project

The Greater Southern Waterfront Project, slated for completion within the next 5-10 years, will transform the Pasir Panjang area into a vibrant urban coastal living hub. As part of the project, the Pasir Panjang port will be relocated to Tuas, making way for new residential and commercial developments. This ambitious project will elevate D05’s status, possibly surpassing the East Coast in terms of attractiveness and potential for growth.

Comparing Property Traits: D05 vs. D15

Undervalued Property Prices in D05

Interestingly, properties in D05 are priced lower on a per-square-foot (PSF) basis than their counterparts in D15. This discrepancy begs the question – why do property prices differ between these two districts, given their similarities in location, amenities, and future development potential?

Larger Home Sizes in D05

The lower PSF in D05 can be attributed to the larger sizes of entry-level landed properties, such as inter-terraces and corner terraces in Pasir Panjang. These properties typically range from 1,800 to 2,100 sqft, while similar properties in D15 are smaller, averaging 1,500 to 1,700 sqft.

D05: An Undervalued Investment Opportunity

Since PSF is a more accurate indicator of price comparison, D05 properties can be considered undervalued compared to those in D15. This presents an opportunity for savvy investors and homebuyers to capitalize on the lower PSF and benefit from future developments.

Price Performance: D05 vs. D15 and D19

Comparable PSF Prices with Greater Value

D05’s PSF prices are on par with those in other famous districts like D19 (Serangoon Gardens). However, D19 needs the coastal lifestyle, waterfront views, and proximity to the city center that D05 offers. Regarding value, D05 outshines D19, providing more for the same PSF price.

Potential for Price Appreciation

When comparing D05 to D15, there is a 12% discount on PSF prices. Assuming that D05 eventually mirrors D15 regarding amenities and development potential, this price gap indicates room for significant price appreciation in D05 properties.

Conclusion: West Coast (D05) – A Rising Star

The West Coast (D05) is poised to redefine coastal living in Singapore with its unique blend of educational, professional, lifestyle, and nature offerings. The district’s lower property prices and the anticipated Greater Southern Waterfront Project make it an enticing investment opportunity. As awareness of the West Coast’s potential grows, property values will likely rise, rewarding those who recognize its untapped potential.

If you’re considering purchasing a new lunch condo, consider Terra Hill, a freehold condo located next to Pasir Panjang MRT station on Singapore’s west coast.

Discover Pasir Panjang: Ultimate Expat Guide to Singapore’s West Coast Living

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Expat Guide to Living in Singapore's West Coast

Discover the Charm of Pasir Panjang: The Ultimate Expat Guide to Living on Singapore’s West Coast

Pasir Panjang is a hidden gem on the West Coast of Singapore, offering a unique blend of urban convenience and serene coastal living. This comprehensive guide will give you a glimpse into this vibrant neighborhood, its lifestyle, and the amenities that make it the perfect place for expats seeking a well-rounded Singaporean experience.

Living in Pasir Panjang: Embracing the Coastal Lifestyle

Pasir Panjang, meaning “long sand” in Malay, was once known for its picturesque sandy beaches. Although the beaches may no longer be around, the coastal charm and laid-back atmosphere remain prevalent.

A Strategic Location with Easy Access to the CBD

One of the most significant advantages of living in Pasir Panjang is its strategic location. It is a mere 15-minute drive to Singapore’s Central Business District (CBD) via the West Coast Highway, providing easy access for professionals working in the city.

The abundance of Green Spaces and Recreational Activities

Pasir Panjang is near various parks, such as West Coast Park, Kent Ridge Park, and Hort Park, offering plenty of outdoor activities for residents. These parks are perfect for leisurely walks, picnics, or cycling with family and friends.

Excellent Connectivity to Public Transportation

The neighborhood is well-connected to public transport, with Haw Par Villa MRT Station (yellow Circle Line) being the nearest station. Additionally, several bus stops are located near residential areas, making it convenient for residents to commute to different parts of Singapore.

A Neighborhood Steeped in History and Culture

Pasir Panjang is home to the iconic Haw Par Villa, a unique cultural park featuring Chinese mythology, history, and folklore. The area also boasts a rich maritime history, with the Singapore Maritime Gallery providing insight into the nation’s past as a trading hub.

Amenities and Facilities in Pasir Panjang

Pasir Panjang offers a wide array of amenities and facilities to cater to the needs of its residents.

Shopping and Dining Options

While Pasir Panjang may not have a supermarket within walking distance, several convenience stores are available for daily necessities. For a more extensive shopping experience, VivoCity, Singapore’s largest shopping mall, is just a 10-minute drive away and accessible via bus or MRT.

Pasir Panjang is also home to a diverse range of dining options. Although residents often venture to nearby areas like Duxton, Dempsey Hill, or Holland Village for dining, the neighborhood offers a selection of local eateries and cafes worth exploring.

Education and International Schools

Pasir Panjang is close to several reputable international schools for families with children, such as Dover Court International School. In addition, the area’s accessibility makes it easy for parents to choose the best educational institutions for their children’s needs.

Experience the Best of Pasir Panjang with Terra Hill Condominium

Terra Hill, a new freehold condominium development, offers the perfect opportunity for expats to experience the charm of Pasir Panjang living. Within a 5-minute walk from Pasir Panjang MRT Station, Terra Hill offers proximity to Kent Ridge Park, Hort Park, and other amenities such as Alexandra Retail Centre, VivoCity, and HarbourFront Centre.

With easy access to Singapore’s CBD, One North Business Park, and the pristine beaches of Sentosa, Terra Hill is the ideal residence for expats seeking the perfect balance of work, leisure, and nature. The Terra Hill Showflat preview slots will be released closer to the launch date (estimated Q1 2023), allowing potential residents to explore this exceptional development in Pasir Panjang.

Top Attractions for Out-of-Town Guests

Pasir Panjang is a great place to live and an excellent location to entertain out-of-town guests. Here are some must-visit attractions for a memorable experience:

Gardens by the Bay

An iconic horticultural attraction featuring the stunning Supertree Grove and climate-controlled conservatories, Gardens by the Bay is a must-visit destination for nature enthusiasts.

Marina Barrage

Marina Barrage offers panoramic views of Singapore’s skyline, making it an ideal spot for picnics, kite-flying, and simply enjoying the outdoors with family and friends.

Singapore Botanic Gardens

A UNESCO World Heritage Site, the Singapore Botanic Gardens is home to extensive flora and fauna, providing a serene escape from the hustle and bustle of city life.

Labrador Nature and Coastal Walk

Offering beautiful scenery and historical information about Singapore, the Labrador Nature, and Coastal Walk is a fascinating and picturesque destination for nature lovers.

Culture and Heritage Sites

For a dose of culture, consider visiting the Asian Civilisations Museum, which showcases the rich cultural history of Asia and Singapore, or take a stroll through the vibrant streets of Chinatown to experience the unique blend of traditional and modern Singaporean culture.

Embracing the Pasir Panjang Lifestyle

Pasir Panjang offers a distinctive coastal lifestyle that blends urban convenience, cultural heritage, and natural beauty. With its strategic location, excellent amenities, and serene surroundings, Pasir Panjang is ideal for expats seeking a unique and fulfilling living experience on Singapore’s West Coast.

Exciting GSW Development: 6,000 HDB Flats Coming with BTO Project Launch in 3 Years

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Greater Southern Waterfront Welcomes Flats

Greater Southern Waterfront Welcomes 6,000 HDB Flats with First BTO Project Launch in 3 Years

HDB Flats in Keppel Club Site: A New Era of Waterfront Living

Around 6,000 Housing and Development Board (HDB) flats are set to be built on the Keppel Club site within the Greater Southern Waterfront (GSW), marking a new era of waterfront living in Singapore. With the first Build-To-Order (BTO) project expected to be launched within three years, the development will comprise 9,000 homes on the 48-hectare site.

Unique Waterfront Living Opportunities

National Development Minister Desmond Lee announced that the remaining 3,000 units would be private housing, creating a unique blend of public and private housing options. This mixed development is planned to be launched progressively over the next three to five years, according to the Urban Redevelopment Authority (URA).

Prime Location and Connectivity: Embracing a Car-lite Lifestyle

The Keppel Club site is situated in the mature town of Bukit Merah and is bordered by Telok Blangah Road, Berlayer Creek, and Bukit Chermin. Its prime location and proximity to two MRT stations—Labrador Park and Telok Blangah on the Circle Line—will encourage a car-lite lifestyle, with residents easily commuting via walking or cycling.

Green Initiatives and Sustainable Living

A significant portion of the site, nearly 10 hectares, will be dedicated to parks and open land. This includes four green corridors—the Central, Berlayer, Henderson, and Northern Corridors—intended to serve as recreational spaces for residents.

Housing blocks will be designed with staggered building heights, offering residents greenery views from their doorstep. The development will also feature skyrise greenery, landscaped terraces, and green roofs on lower-rise blocks, providing additional habitats for butterflies and urban bird species such as the locally endangered blue-crowned hanging parrot and oriental magpie-robin.

Bringing Homes Closer to Jobs

Minister Lee emphasized the importance of bringing homes closer to jobs, supporting the goal of having more housing options and mixed-use development in Singapore’s central region. Developments will be confined within the marked-out site of Keppel Club, transforming the area into a vibrant mixed-use district marked by its industrial heritage and waterfront location.

Prime Location Public Housing Model: Offering Affordable Housing Options

The Housing and Development Board has indicated that the Prime Location Public Housing (PLH) model will be applied to selected public housing projects in prime locations, including the GSW. This model aims to keep flats affordable despite their high market value. Therefore, location, attributes, and market value are considered before applying the PLH model to the Keppel Club site.

Analysts Expectations for BTO Projects in GSW

Property analysts predict that BTO projects in the GSW will likely fall under the PLH model due to their prime location. Huttons Asia, Senior Director of Research Lee Sze Teck, anticipates a four-room unit to be priced between $650,000 and $760,000 after accounting for additional subsidy under the PLH model.

GSW Transformation: A Mega Waterfront Development Awaits

Launching the BTO project will kick-start the transformation of the GSW into a mega waterfront development along Singapore’s southern coast. With a total area of 2,000 hectares, the GSW is six times the size of Marina Bay and twice that of Punggol, offering a wealth of opportunities for residential, commercial, and recreational developments.

High Demand for Housing in the Area

Recent BTO projects in the area have seen strong interest, exemplifying the high demand for housing in this prime location. For instance, the Telok Blangah Beacon BTO project, launched in May 2021, experienced more than 23.3 applicants vying for each available unit—one of the highest rates in recent years.

Greater Southern Waterfront: A Vision for Singapore’s Future

First announced in 2013, the GSW spans 30 kilometers of coastline from the Gardens by the Bay East area to Pasir Panjang. This ambitious project aims to transform the city’s southern coast into a vibrant, sustainable, and connected urban waterfront.

Integrating Green and Blue Spaces: Enhancing Liveability

The GSW master plan emphasizes the integration of green and blue spaces to enhance the area’s liveability. With parks, open land, and green corridors making up a significant portion of the development, residents will enjoy ample outdoor recreation and relaxation opportunities, contributing to a higher quality of life.

Supporting Economic Growth: Work-Live-Play Balance

The GSW development also supports Singapore’s economic growth by offering a variety of housing and commercial spaces. This holistic approach aims to create a work-live-play balance, providing residents with access to job opportunities, leisure activities, and a diverse range of housing options.

Boosting Tourism: Iconic Attractions and Waterfront Experiences

The GSW master plan includes the development of iconic attractions and waterfront experiences, further boosting Singapore’s tourism industry. Transforming the former Pasir Panjang Power Station buildings into a mixed-use district characterized by its industrial heritage and waterfront location is just one example of how the GSW is set to become a unique and vibrant destination for residents and tourists alike.

Conclusion

The upcoming launch of the first BTO project within the Greater Southern Waterfront marks the beginning of a new chapter in Singapore’s urban development. With a focus on sustainability, connectivity, and a work-live-play balance, this mega waterfront development promises to be a game-changer for the city-state, offering unparalleled housing options and experiences for its residents. As the GSW transformation unfolds, Singapore can look forward to a brighter, greener, and more connected future along its southern coast.

Terra Hill, a newly launched condominium development, is in the center of the Greater Southern Waterfront. Terra Hill offers a luxurious and contemporary living experience and features top-notch facilities and modern amenities, seamlessly blending urban conveniences with nature’s tranquility. Moreover, with its prime location at the GSW, Terra Hill provides residents easy access to nearby commercial hubs, recreational facilities, and transportation networks, promising an unparalleled lifestyle experience in Singapore’s most anticipated waterfront district. For more information visit: terra-hill.sg

Discover the 10km Coastal Promenade: Singapore’s Greater Southern Waterfront Gem

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Singapore Greater Southern Waterfront

Unveiling the 10km Coastal Promenade: A Crown Jewel of Singapore’s Greater Southern Waterfront

Discover the Five Identity Corridors Transforming Singapore’s Landscape

Singapore is stepping up its game by creating five remarkable “identity corridors.” One of the most exciting projects is the 10km coastal promenade set to become a defining feature of the Greater Southern Waterfront. Curious about the other four? We’ve got you covered!

The Coastal Promenade: A Waterfront Wonderland

The coastal promenade is designed to connect Marina Barrage to the Southern Ridges, offering a seamless blend of nature and urban life. This coastal corridor will stretch from Marina Barrage to West Coast, highlighting Singapore’s southern coast’s heritage and unique streetscapes. With the relocation of Tanjong Pagar, Keppel, and Brani port terminals in 2027, this area will be ripe for development, making the promenade an awe-inspiring public space.

Thomson-Kallang Corridor: The Inner Ring of Urban Charm

The Thomson-Kallang Corridor will link fringe districts surrounding the city center, creating a vibrant “inner ring” of urban activity. Public spaces along this corridor, such as Springleaf, Thomson Village, Jalan Leban, and Casuarina Road, will be enriched by community input.

Geylang-Changi Corridor: A Journey Through Historic East

Officially known as Historic East, the Geylang-Changi Corridor will receive walking and cycling improvements to encourage exploration. The rejuvenation of Geylang Serai, a bustling cultural hub, is just one of the exciting initiatives for this corridor.

The Rail Corridor: A Slice of Heritage on Track

The Rail Corridor is a unique identity corridor with a rich history. Its transformation will showcase Singapore’s incredible ability to blend heritage, nature, and modern urban development.

Reinventing Singapore’s Landscape

These identity corridors will strengthen the distinctive character of each area, preserving and enhancing Singapore’s heritage. With the thoughtful urban design, improved pedestrian and cycling experiences, and community involvement, the Urban Redevelopment Authority (URA) is charting a new course for Singapore’s future.

Get ready to embark on an unforgettable journey through Singapore’s ever-evolving landscape with these five identity corridors. The 10km coastal promenade in the Greater Southern Waterfront is just the beginning!

New Luxury Condo nearby Greater Southern Waterfront

Residents of the upcoming Terra Hill condo development will be in the prime position to enjoy all the fantastic benefits of the Greater Southern Waterfront. Imagine waking up to stunning waterfront views and having direct access to the 10km coastal promenade for a morning jog or a leisurely evening stroll.

In addition to the efficient Terra Hill floorplans and layouts, dwellers will have abundant green spaces, recreational facilities, and unique heritage sites right at their doorstep, creating the perfect balance between urban living and nature.

With an array of shopping, dining, and cultural experiences in the vicinity, Terra Hill residents can genuinely embrace the vibrant, dynamic lifestyle the Greater Southern Waterfront has in store.

Terra Hill Condominium: Impressive 38% Sales during Launch Weekend

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Terra_Hill_Nearby_To_Business_Offices

Terra Hill Condominium: Impressive 38% Sales during Launch Weekend

Terra Hill, a prestigious freehold condominium developed by Hoi Hup and Sunway Developments, has made a splash in the market by selling 102 units during its launch weekend, translating to an impressive 38% sales rate. In addition, the average price of the units sold surpassed $2,650 psf.

Terra Hill’s Prestige Collection: The Epitome of Luxury Living

Seven of the 102 units sold were part of The Prestige Collection, which consists of 30 exclusive units. These luxurious apartments boast an average price of over $2,850 psf. The Prestige Collection features spacious four-bedroom units measuring 1,894 sq ft, with prices starting from $5 million. Additionally, six 5-bedroom duplex penthouses spanning 3,035 sq ft are also available.

Over the past two weeks, more than 10,000 visitors visited Terra Hill show flat on South Buona Vista Road. The balloting and booking exercise on February 24th and 25th received a highly enthusiastic response.

Setting a New Benchmark in Singapore’s Real Estate Market

According to Ismail Gafoor, CEO of PropNex Realty, the developer’s initial target was to sell 100 units. Selling 102 units has achieved that target and set a new benchmark price for the area.

Despite higher interest rates and market uncertainty, experts predict that new project launches will achieve around 35% to 40% sales this year on the launch weekend. In addition, Terra Hill’s unit sizes are more significant than average, leading to higher absolute prices.

Terra Hill’s Signature Collection: A Blend of Comfort and Style

Besides The Prestige Collection, Terra Hill offers a diverse range of two-, three-, and four-bedroom units in the 240-unit Signature Collection. Two-bedroom units range from 624 to 840 sq ft, with prices starting at over $1.5 million. Three-bedroom types include 126 units, with sizes from 904 to 1,335 sq ft and prices beginning at $2.3 million. Meanwhile, the 63 four-bedroom units measure between 1,302 and 1,862 sq ft, costing $3.4 million ($2,611 psf).

Comparing Terra Hill to Other Developments

Kent Ridge Hill Residences, the previous new residential project in the area, was launched in November 2018 and sold out by November 2022. The most recent transaction for a strata-terraced house fetched $3.266 million ($1,580 psf). Apartment prices ranged from $1,644 psf to $2,062 psf. However, this development has a 99-year leasehold, making it an imperfect comparison to the freehold Terra Hill.

The last freehold development launched nearby was Bijou in 2014, completed in 2018. The most recent transaction at Bijou involved a 775 sq ft two-bedroom unit that sold for $1.755 million ($2,265 psf).

Terra Hill’s Appeal: Proximity to Future Developments

Terra Hill has attracted investors and owner-occupiers due to its proximity to the upcoming Greater Southern Waterfront. In addition, the condominium is a mere four-minute walk from Pasir Panjang MRT station on the Circle Line, which is slated to become a full circle by 2026, enhancing access to the city center.

Moreover, Terra Hill is near employment hubs and institutions of higher learning. It is within 2 km of Science Park and 3 km of the National University of Singapore (NUS), Biopolis, and the Media Hub at one-north. These factors contribute to the development’s appeal for both investors and homebuyers.

Nearby Amenities and Attractions: Convenience and Lifestyle

Residents of Terra Hill can also look forward to various amenities and attractions nearby. The development is close to shopping malls like VivoCity and West Coast Plaza, offering a range of retail, dining, and entertainment options. In addition, nature lovers will appreciate its proximity to Kent Ridge Park and the Southern Ridges, where they can enjoy scenic walks and recreational activities.

Terra Hill’s location is a significant advantage for families with children, as it is near reputable schools such as Anglo-Chinese School (Independent), Fairfield Methodist School, and Tanglin Trust School.

Terra Hill’s Facilities: Indulge in Luxury and Relaxation

Terra Hill offers comprehensive facilities designed to cater to residents’ diverse needs. Some highlights include:

  • A stunning infinity pool for leisurely swims and relaxation
  • A well-equipped gym for fitness enthusiasts
  • Function rooms for hosting events and gatherings
  • Landscaped gardens and green spaces for outdoor leisure and relaxation
  • Children’s playground for the little ones to have fun and socialize

A Promising Investment Opportunity

With its strategic location, luxurious facilities, and proximity to upcoming developments like the Greater Southern Waterfront, Terra Hill presents an attractive investment opportunity for local and foreign buyers. The initial solid sales performance is a testament to the project’s potential for capital appreciation and rental demand in the future.

In conclusion, Terra Hill’s impressive sales rate during its launch weekend showcases the development’s allure and potential as a valuable investment. Its luxurious units, excellent location, and proximity to amenities make it an attractive choice for homeowners and investors. With the Greater Southern Waterfront taking shape and new transportation developments underway, Terra Hill is set to become a prime residential destination in the years to come.