New Launch Sales in Shenton Way
Here are the latest announcement by URA on the CBD in their new Master Plan 2014
1)Central Area
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2) Civic and Cultural District by the Bay
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New launch sales of condos in Shenton Way is moving quickly since 2012.
UIC Limited, in 2012 also unveiled its flagship development, previously known as the UIC Building located at 5 Shenton Way. The twin tower development comprises a 23-storey office building and a 54-storey residential tower – V on Shenton.V on Shenton comprises 510 units of studio, one to three bedroom apartments and penthouses. The design concept harmonises habitat and nature into a magnificent column of light, space and greenery. Using its signature organic shapes and structures inspired by nature, the building reflects the sense of a sculpture crafted by artisan hands to redefine the appeal of metropolitan living.This development is designed by renowned Dutch architect, UN Studio and award winning local architect, Architects 61.
Despite rising land value, many landlords have chose to develop more mixed-use projects. This includes developing more residential units cum offices along Shenton Way, once known as Singapore’s Wall Street.
And as more financial services firms gravitate towards the new downtown area, industry players said Shenton Way has a unique opportunity to regenerate itself.
V on Shenton is one of the latest residential-cum-commercial projects to hit the market in the downturn area.
According to its developer, sales have been brisk. Nearly 80 per cent of the 230 units released have been sold, as of 6 August.
The development comprises 510 residential units and an office tower.
On average, the selling price for each residential unit at V on Shenton ranges between S$1855 (3Bedrm) to S$2,900 per square foot.(1Bedrm, > #44 flr)
Source : Channel NewsAsia – 12 Aug 2012
Tanjong Pagar Centre: S’pore’s tallest building to be built above Tanjong Pagar station
Singapore’s skyline is set to welcome its tallest building in 2016 at a site above Tanjong Pagar MRT station.
Developer GuocoLand said the 67-storey office-cum-residential tower will form part of the upcoming integrated development called the Tanjong Pagar Centre.
At 290 metres high, the building will soar above Republic Plaza, One Raffles Place and UOB Plaza One, which are 280 metres tall each.
The Tanjong Pagar Centre will feature Clermont Residences, Singapore tallest condominium that starts from 180 metres or 50 residential storeys above ground. This is a rare new launch sales in core city central.
GuocoLand said this unique feature should appeal to international investors.
Source : Channel NewsAsia – 2 May 2013
More Residential Properties In CBD
Singapore’s central business district (CBD) is evolving from a traditionally corporate location, with more buyers looking for new launch sales in prime residential properties in the area.
According to Savills Singapore, more than 4,600 new homes will likely be completed in the district by end-2015. A number of these homes will be located in Shenton Way, Robinson Road and Tanjong Pagar. This is expected to boost the population of the CBD by 14 times since 2007, according to Alan Cheong, Research Head at Savills.
Meanwhile, various upcoming projects are seeing strong interest from buyers despite the high prices.
For instance, Far East Organization’s The Clift has sold 250 out of the 312 units available, with the smallest unit going for around S$2 million.
For More Information , kindly contact Rick Fok (CEA Reg R013579A) at mobile 9109 2177 for a detailed presentation.
