Why is District 3 in Singapore so hot?
We are not surprised about the popularity of District 3, as resale price gains for the past 5 years was averaging 5%*!
Singapore’s District 3 comprises of Alexandra, Commonwealth, Tiong Bahru, and Queenstown. The area which was known for fruits and vegetable plantations in the early days, has changed drastically to today’s city fringe.
Served by various MRT stations, shopping malls and hawker centres, the area remains a strong region for property development. Furthermore, under Urban Redevelopment Authority’s Master Plan, the Greater Southern Waterfront, which extends from Pasir Panjang to Marina East, will be transformed into a new major gateway and location for urban living along our southern coast.
Based on more than 20 years of data, Huttons Research analysed the performance of private properties in Singapore and property has shown to be a good hedge against inflation. Were you one of the savvy buyers that benefitted from the developments of Marina Bay?
On top of the potential gains, the future rejuvenation makes District 3 a top choice for property buyers and we have three projects with lovely views to highlight this week.
1. The Landmark
View from Level 37
The Landmark is an upcoming 396-unit, high-rise condominium tower, scheduled to launch soon in 1Q2020. Accessibility is fantastic through Chinatown, Outram Park and the future Havelock MRT stations. In addition, River Valley Primary School and Cantonment Primary School are nearby; perfect for families with young children. Amenities are also aplenty with People's Park Complex, People's Park Centre and Pearls Centre in the vicinity.
2. Avenue South Residence
View from Level 56
Avenue South Residence presents an opportunity for residents to own a piece for Singapore’s future transformation for generations. The Greater Southern Waterfront, which extends from Pasir Panjang to Marina East, will be a new major gateway and location for urban living along the coast.
The development features two residential blocks of 56 storeys each, making it one of Singapore's tallest condominiums with spectacular skyline views. VivoCity, Tiong Bahru Plaza and IKEA Alexandra are just minutes’ drive away as well.
3. One Pearl Bank
One Pearl Bank is set to be the tallest residential development in the Outram-Chinatown district in Central Singapore. It is just minutes’ walk away from Outram MRT station and suitable for families looking to reside in a beautiful environment with strong communal spirit. Shopping malls, trendy cafes and bars add excitement to the bustling district as well.
The development comprises two 39-storey towers linked at the roof by sky bridges and will feature panoramic views extending from the Central Business District to Sentosa. Residents can enjoy an abundant lifestyle with an indoor and outdoor gym, walking track and alfresco dining area.
Benefit from Singapore’s future transformation
You can be one of the privileged to own a dream home or investment in these areas with the upcoming Greater Southern Waterfront and a more financially-secure future.
If you are interested in any projects including the ones listed here, please get in touch with us by filling up this form: bit.ly/HuttonsProjects
*Based on Huttons Research. Information is accurate as at date of publication.