How Covid-19 will shape the future of residential demand

How Covid-19 will shape the future of residential demand

Covid-19 was like a bolt out of the blue, forcing Governments around the world to shut down their economies and major corporations moving their workforce to work from home (WFH) to flatten the curve.


WFH is not without its challenges as many families and individuals found out. With everyone cooped up at home, it is a challenge to set aside workspaces and study areas. There was a last-minute rush to buy laptops, tables and chairs as well.


While the students have returned to school, many people are still on WFH arrangements. Covid-19 has accelerated the adoption of flexible working arrangements and this is likely to stay even after a vaccine is found. Some companies like Twitter has given their employees the option of continuing WFH even after the pandemic is over.


How will Covid-19 shape the future of residential demand? We reckon that projects that integrate work and study areas well will likely see higher demand post Covid-19. 


Here are 5 new projects that will capture this future trend.


Core Central Region

Midtown Bay

For GuocoLand, thoughtful design means incorporating flexible spaces designed to accommodate both a home office and a living area if necessary. “Midtown Bay was designed with the modern-day cosmopolitan in mind. With our layout and design, the owner has the flexibility to convert parts of the unit to a work space and still have plenty of room for living and entertaining,” shared Dora Chng, General Manager (Residential) of GuocoLand.

Balcony floors are flushed with that of the living room, allowing the dining table to be placed in the balcony space. This frees up space in the living area for the homeowner to create a work station. 

“Our units also feature areas that couples can consider to use as storage space or convert it into a second work space,” added Chng. 


Pullman Residences, Newton

“As more people WFH, they would need to receive guests or packages from the office. However, they may still want to maintain their privacy by not receiving their guests in their homes,” said Lim Yew Soon, Managing Director of EL Development.

EL Development’s upcoming branded freehold development, Pullman Residences, Newton, will have a concierge that can receive packages on behalf of residents. The lobby is also designed to be conducive for residents to hold business meetings.

Situated a mere 150m from Newton MRT Station, owners of this property can expect travels to be a breeze too. Dining and retail options are also within close vicinity along Orchard Road. Pullman Residences further indulges buyers with complimentary membership in the Accor Ownership Benefits Programme. 


The M

One home, dual function – go from breakfast to business in your own home. This project is set to electrify the Bugis District with a multitude of lifestyle choices. The M offers a first in residential developments with a touchless wave scanner providing automated entry using palm recognition. This is supported by a face recognition scanner integrated in the VCP intercom system so residents can enjoy seamless and fuss-free entry. Furthermore, units are fitted with well-thought-through integrated furniture provision that allows flexibility and adaptability, maximising usable space.

Be surrounded by culture with the Art Museum, National Library and heritage architectural buildings in close vicinity too. A world of convenience with a plethora of retail and dining options at Bugis Junction and Bugis Village plus various MRT lines awaits you. Work and live right in the heart of the City with The M! 


Rest of Central Region

One Pearl Bank

At the upcoming One Pearl Bank residential development, almost all units come with a balcony which homeowners can use as an extended workspace. Additionally, the developer’s solution to offering more outdoor and wellness spaces is to incorporate biophilic design into its residential buildings, where residents are connected closely to nature.

One Pearl Bank will feature the world’s first vertical sky allotment gardens in a residential development. There will be a total of 18 sky allotment gardens, offering close to 200 plots where residents can grow their own herbs, fruits and vegetables.

Furthermore, this iconic masterpiece is set to be the tallest residential development in the Outram-Chinatown district in Central Singapore. It is just 5 minutes’ walk away from Outram MRT station. Shopping malls, trendy cafes and bars add excitement to the bustling district. There is also growth potential for this project as it sits at the forefront of the SGH Campus transformation. 


Outside Central Region

Parc Clematis

Parc Clematis offers dual key units, giving buyers the convenience of separating office from home or multi-generational living under one roof. In addition, with a myriad of facilities such as Jacuzzi, Chef’s Kitchen, Japanese Pavilion and many others, there are endless options to refresh one’s soul and indulge to the heart’s content. Besides being close to many prestigious schools and amenities including supermarkets, banks and popular eating establishments, Parc Clematis is also within walking distance to Clementi MRT station.


References:

https://cnaluxury.channelnewsasia.com/obsessions/how-singapore-homes-will-look-like-post-pandemic-12868620

https://www.zaobao.com.sg/zfinance/real-estate/story20200621-1062787


Comments reproduced with permission from developers.

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