V On Shenton | High-rise Condo in Shenton Way, Central Business District | Ready Move-in New Home
Singapore Luxury Residential Projects
- Which location do you prefer? Marina Bay, Orchard Road or Holland Road?
- Which project do you prefer? Freehold or leasehold?
- How are project facilities? Grand landscape or precise exclusivity?
- Which unit do you prefer? Patio home, pool view, high rise, or Penthouse?
- Is the right time to enter the high-end market?
- Is it the right price to buy?
Kindly please contact our Developer Sales Representative at sales hotline 8869 9826 (text/call/whatsapp) for non-obligation sharing today! Visit Sales Gallery to view showflat, check available units, and recently transacted units and prices!
Developer Sales Update
Singapore luxury home transaction volume had more than doubled in 2016 than that in 2015 as price index recorded the lowest overall drop of 1.2% as compared 2016 to 2015. Since the past few years, there have been a series of cooling measures in the overall property market. Those measures such as Additional Buyers’ Stamp Duty (ABSD), Seller’s Stamp Duty (SSD), Total Debt Servicing Ratio (TDSR) have evidently dampened the demand for high-end housing. The luxury residential property price have slided sginifcantly from the historical high since 2013.
A numbers of savvy private home buyers look into luxury home market to get attractive deals in core central region thanks to the cumulative price drop over 10% for the last 4 years. Some individual sellers and developers are even giving close to 20% discount from the launch or peak prices, which thus attracted many local and foreigner investors to pick up the luxurious homes. With renewed confidence and increase number of buyers, we expected luxury residential market will do well in 2017 with positive price growth 1~2%. We will keep you updated on the recent sales transactions on the high-end developments, especially developer sales.
1 Feb, 2018, Three Balmoral, #08-03 sold.
31 Jan, 2018, New Futura, #27-06 sold.
30 Jan, 2018, Martin Modern, #19-02 sold; Gramercy Park #18-06, #21-06 sold.
29 Jan, 2018, New Futura, #28-06, #29-06 sold.
28 Jan, 2018, New Futura, #31-06, #06-04, #25-05, #32-06 sold.
27 Jan, 2018, New Futura, #07-04, #22-05 sold; Martin Modern, #04-05 sold; Three Balmoral, #03-04 sold.
26 Jan, 2018, New Futura, #11-06, #25-06, #25-05, #16-05 sold; Martin Modern, #21-11sold.
Luxury Residential Market News
31 Jan, 2018, Sentosa Cove property market looks stabilising.
Developer Sales Market
Developer sales is the key activity for primary market where many new homes are transacted daily. With the stable stream of land supply from both Government Land Sales Programme and collective sales, Singapore developers provide the market with steady stream of new projects coming on the board.
Developers sales market has turned around in 2017. 2017 witnessed that the numbers of developer sales of private homes and executive condominiums (ECs) reached the highest since 2014. According to The Straits Times in Jan 16, 2018, there were total 14,707 units sold, which is 23% higher than the 11,971 units did in 2016.
In 2018 till May, developers have launched over 5 major residential projects, which including New Futura, Martin Modern phase 2, 21 Angullia Park, Wallich Residence, 8 Hullet and so on. The sales performance are very strong with higher selling prices and pick-up rates.
Singapore luxury condo market
Singapore luxury condo market is one of idea destination choices for non-citizen high net worth investors who play an important role together with local riches. Based on Knight Frank Research’s analysis of the Prime Global Cities Index of key cities around the world, ultra-luxury non-landed homes in Singapore have shown a continuous annual price growth over six quarters since Q1 2016, rising 3.5 per cent y-o-y in Q2 2017. In this page, we will go through the newspaper artcile published in The Business Times, October 3, 2017. The auther is Director and Head, Consultancy & Research, Knight Frank Singapore.
According to the real estate statistics by The Urban Redevelopment Authority (URA), Singapore, prices of non-landed properties in Core Central Region (CCR, top-end residential market segment) increased by 0.1%, compared with the 0.5% decrease in the previous quarter. Singapore residential market overall is turning around.
Singapore District Guide – Luxury Residential Estate
Where are the luxury property districts in Singapore? Singapore’s more luxurious and high-end residential properties are located in the Core Central Region (CCR). According to URA map as shown, the CCR region consists of tradiitonal Districts 9, 10 and 11 (in yellow color), Downtown Core Area(in blue color) and Sentosa (in pink color). The CCR region thus stretches from Sentosa, Central Business District (CBD) to Orchard Road, Cairnhill, River Valley, Tanglin, Bukit Timah, Newton and Novena.
Those colored areas are where the most luxurious homes located. You can not only find the prestigous condominium apartments, but also the landed houses including the top-notch Good Class Bungalow estates.
Due to its prime location, long historical standing, mature amenities and convenience, the residential developments in the CCR region are highest priced and most sought-after for wealthy investors. Besides many luxury condominium and apartments, it’s also the locale where most of Good Class Bungalow estate site in Singapore. It’s also a popular destination for rich foreign nationals from China, Indonesia, Malaysia, US and European and super rich Singaporean to invest for years.
District 9 residential projects
District 9 is long time well known for being both a shopping haven and tourist attraction in Singapore. it is bordered by Newton in the east and north, Tanglin in the west, River Valley in the south and Museum to the southeast. Travellers can easily find a wide range of branded goods, upscale restaurants, coffee chains, nightclubs along the Orchard Road Shopping Belt, Singapore River and Robinson Quay.
From once an area of plantations and farms to the retail heart, Orchard Road is the heartbeat for many people. You can name a few of shopping complexes line the street here: Wheelock Place, Shawn House and Centre, Rayal Plaza on Scotts, Scotts Square, Tang Plaza, Ion Orchard, Wisma Atria, Paragon, Ngee Ann City, Mandarin Gallery, Orchard Central, Orchard Gateway, The Centrepoint, Orchard Point, Orchard Plaza, Concorde Shopping Mall, Heeren, 313 @Somerset, Plaza Singapora and so on. It’s no doubt a paradise for shopaholics.
Besides the numerous shopping, dinning and entertainment ammenities, Disitrct 9 is well served by Orchard MRT Station, Somerset MRT Station, Central Expressway, and Dhoby Ghaut MRT Station. As District 9 is conveniently located near the CBD, living in the area will have its perks. Condos near the MRT will make it easier to go around the city as the Dhoby Ghaut, Somerset and City Hall MRT stations are just nearby.This means you’ll be a few minutes away from all these should you choose to buy a condo in District 9.
Affluent residential can look for a numbers of upscale condominiums and apartments that are available at premium prices. The high-end conominium developments are clustered along Orchard Road, Cairnhill Road, Paterson Road, Leonie Hill Road, Killney Road, ST. Thomas, Oxley and River Valley. Here we just list out some of many famous luxury homes: Paterson Residences, Paterson Suites, New Futura, Leonie Gardens, Horizon Towers, The Laurels, Urban Resort, The Light at Cairnhill and many more.
Singapore District 9 is also near to some reputable schools and institutions such as River Valley Primary School, St. Margaret Primary School, Outram Secondary School and Singapore Management University surrounding the area. This add to the points for kids and parents to drive to school every day. For the upclass healthcare services, there are three medical clusters in the vicinity: Mount Elizabeth Hospital and Paragoon Medical Centre, Singapore General Hospital complex and Healthcity Novena.
New Futura (银峰）
Martin Modern (玛庭豪苑)
Up @Robertson Quay
District 10 Residential Estate
District 10 is perhaps the largest luxury home estate in Singapore. It bounds with Bukit Timah Road to the north, Commonwealth Avene West, Alexandra Cannel to the south; Scotts Road, Pasterson Road and Zion Road to the east; Wilby Road, forest area next to Clementi Road, and Panda Valley to the west. The upscale estate is famous for its large area of tranquil greenery and many premier bungalow estates, a group of reputable schools.
District 10 offer a scenic view of nature and promxity to bustle city life. Tanglin Village and Holland Village are popular for the fine dining and prominent bars. Singapore’s first UNESCO World Heritage Site, Singapore Botanic Garden is in the heart of the distirct.
Besides being a popular food enclave and closeness to the nature, district 10 also encompasses a considerable number of Singapore’s top educational institutions, namely Anglo-Chinese School (Barker Road), Singapore Chinese Girls’ School, Hwa Chong Institution, National Junior College, Raffles Girls’ Primary School, Nanyang Girls’ High School and Saint Joseph’s Institution.
The large residential etates are located along the hallmark roads like Tanglin Road, Holland Road, Bukit Timah Road, Sixth Avenue, West Coronation Road, Farrer Road, Steven Road and Balmoral Road. You may hear about some of the luxury condominiums in the district 10 such as D’leedon, Leedon Residence, The Massim, Nassim Park Residences, St. Regis Residences, Gramercy Park, Ardmore Park, Ardmore II and III, Nouvel 18, Le Nouvel Ardmore, Goodwood Residence and the like.
Distirct 10 is also a haven for the top notch estate – the most luxurious Good Class Bungalow (GCB) areas. According to the URA, there are total 39 areas formally gazetted as Good Class Bungalows Areas. It’s a governemnt effort to protect the “high environment quality” of the larger bungalows from the intrusion of other intensive development. GCBs are the top of the luxury segment in Singapore’s property market. Proudly saying, Distirct 10 encompasses the most prestigous GCB areas in Singapore: Nassim Road, White House Park, Chatsworth Park, Woollerton Park, and Ridout Park. Those sought-after GCBs offer an unparalleled status of prestige among home owners in Singapore.
District 11 private residential estate
District 11 is also a large estate which site many high-end properties. It bounds with Jalan Kampong Chantek to the west, Pan-Island Expressway (PIE) and Lornie Road to the north, Dunearn Road to the south, Thomson Road and Newton Road to the east. The district is famous for the picturesque view of nature and many upmarket landed houses.
Bukit Timah Nature Reserve and MacRitchie Reservoir are the gifts from the Gods. Most of the luxury homes are located along Dunearn Road, Newton Road, Thomson Road, Eng Neo Avenue, Adam Road, Whitley Road, Chancery Lane and so on. Some of the well known Good Class Bungalow areas include Binjai Park, Swiss Club Road, Raffles Park and Bukit Tunggal. The major condominium estates are along Shelford Road, Gilstead Road, Lincoln Road and Newton Road. Those are some of frequently-mentioned developments: Soleil @Sinaran, Novena Regency, Residences @ Evelyn, Lincoln Suites, Park Infinia @Wee Nam, Viva, Trevose Park, The Trevose, Watten Estate Condo.
As District 11 is next door to Bukit Timah Road, there are many top educational institutions in the vicinity of Dunearn Road including Singapore Chinese Girls’ School, Nanyang Girls’ School, National Junior College, Raffles Girls’ Primary School, Chinese High, Hwa Chong Junior College and Anglo-Chinese School. St Joseph’s Institution, and Catholic Junior College.
Downtown Core Residential Area
Singapore’s Downtown Planning Area is the business, financial, commercial and cultural heart of the country, with many business and office centers, shopping malls, entertainment, art and cultural buildings located there. It’s a heartbeat of the island, including Raffles Place, Tanjiong Pagar, City Hall, Marina Bay and Bugis.
Downtown Core area has since been steadily transformed from the previous Central Business Disitrict (CBD) where offices laid side by side and white collar workers plied 9am to 6pm working hours. Great changes has taken place in Marina Bay, Tanjiong Pagar and Bugis with a great number of hallmark developments.
Marina Bay is now a world-class tourist destination with Marina Financial Centre, integrated resort Marina Bay Sands, Esplanade Theatres on the Bay, Gardens by the Bay and Singapore Flyer. It also offers ease of accessibility via the Marina Coastal Expressway and the several MRT stations.
Tanjong Pagar has evolved to become an integral part of Singapore’s CBD district, a home to a vibrant mix of cultural, retail and residential developments. Tanjong Pagar Centre (TPC) is the largest integrated development above the Tanjong Pagar MRT Station, As an ambitious vertical city, TPC comprises a dynamic mix of Grade A offices, a 5-star business hotel, an extensive variety of retail and F&B options, and a lush urban park. Wallich Residence, as integral component of TPC, is Singapore’s tallest residential building which house 181 exclusive units from 38 storey to 64 storey.
Bugis is an established arts, educational, heritage and cultural district with more than 20 historical sites and national monuments. As milestone mega project in Bugis, DUO is an integrated development comprising luxury residences, Grade-A office spaces, boutique retail gallery and a 5-star hotel. DUO is one of blueship developments by the joint venture developer M+S, which is 60% owned by Malaysian sovereign wealth fund Khazanah Nasional, with Temasek Holdings accounting for 40%.
The residential component, DUO Residence is a new iconic 49-storey residential tower in the heart of Bugis with a spectacular panorama of the dazzling Singapore city skyline, modern Marina Bay and sparkling sea beckons. With a host of thoughtful facilities, Duo Residence offers a wide choice of studio, 1- to 4-bedroom premium residences and penthouse units complemented by hotel services. DUO has obtained its temporary occupation permit in June 2017.
City living has also grown more popular with the live-in population of residents and business travellers from all the world. Today Downtown area holds approximately 8,600 residential homes and 32,500 residents, the district benefits from a large stable population that contributes to the vibrancy of the area, creating a lively atmosphere after office hours and on weekends. It has witnessed the success of launch of the 646-unit Icon at Gopeng Street in 2003 followed by the 1,111-unit The Sail@Marina Bay by City Developments in 2004.
In 2006, the 428-unit 55-storey condominium Marina Bay Residences was launched by a consortium of Keppl Land, Hongkong Land, which is a part of a larger integrated development, the Marina Bay Financial Centre providing 244,000 square metres of world-class office accommodation on Singapore’s Marina Bay waterfront. Another high-rise 66-storey luxury condonimium Marina Bay Suites, which is next door to The Sail and Downtown MRT was launched in 2009.
Marina One is another blockbuster integrated development by M+S within the prestigious Marina Bay financial district. It is set to usher in a new concept of living, working and entertaining at the heart of Singapore’s vibrant new CBD. Covering a gross floor area of 3.67 million sqft, Marina One will comprise: twin-tower Marina One Residences, with 1,042 luxury city residences ranging from one to four bedroom units including penthouses; twin-tower Marina One Offices with 1.88 million sqft prime Grade A net lettable office space; and The Heart, a retail podium covering 140,000 sqft net lettable space providing shopping and lifestyle amenities.
Marina One, has received its temporary occupation permit in November 2017. Marina One Residences was launched in October 2014 for its first tower with around 400 units to be released for sale. The rest units at the project’s second residential block will only be launched after its obtaining temporary occupation permit, as it is exempted from the Qualifying Certificate (QC) rules.
V On Shenton
Onze @Tanjong Pagar
Sentosa luxury residential estate
As an established tourist attraction, Sentosa offers a tropical resort lifestyle for the visitors from Asia and rest of the world. Besides the beatiful beaches and start hotel, Sentosa also earn its reputation for Resort World Sentosa, a world-class integrated resort with attractions such as Universal Studios Singapore, S.E.A. Aquarium, The Maritime Experiential Museum, Dolphin Island and Adventure Cove Waterpark.
What’s more, Sentosa is also a beachfront residential destination no other for rich Singaporean and expats. The Sentosa Cove residential enclave was developed to cater to the wealthy Asian and Austrilian to take up residence in Singapore. Built on more reclaimed land, and housing over 2,000 homes, Sentosa Cove has both private condominium apartments and landed houses where residents can overlook the marina and man-made waterways snaking through the estates.
Sentosa Cove is dominated by waterfront condominium developments. Here we can name a few of them: The Berth by the Cove, The Coast at Sentosa Cove, The Oceanfront @ Sentosa Cove, The Azure @ Sentosa Cove, Marina Collection, Seascape, Turquoise, and Seven Palms. These private homes are developed by reputable developers and typically offer great sea views and spacious balconies.
The landed houses are mainly distributed on the three minis islands, Treasure Island, Paradise Island, and Coral Island. All Sentosa properties are 99year leasehold. Sentosa is also the only place in Singapore that foreigners can buy landed property.
Pearl Island Bungalows
Wealth Management Singapore
Wealth Management for property investors? Wealth Management is an essential topic for an Ultra-high Net Worth Individuals (UHNWI) to take good care of his or her wealth to keep it perseveration and appreciation. As the technology disruption together with economy revolution, there are more and more people to make hundreds of million dollars following the wave.
Technological enterprises like Google, Facebook, Amazon, Tencent, Alibaba and many more have created so many UHNWI just in 10 to 15 year time. Wealth Management is an indispensable part of their lives. Where is to put their wealth for prospective returns? Singapore is transforming to be as one of major wealth management centres in Asia-Pacific area.
Singapore is located at the heart of Asia within 7 hours of flight time to major Asian market. Global investors, including UHNWI in Singapore get unparalleled access to the Asia Pacific markets. It’s one of the world’s fastest-growing regions manifested by China, Japan, Korea and ASEAN Economic Community.
Upcoming luxury residential projects
Upcoming luxury residential projects are located in Core Central Region which comprises Postal Districts 9, 10, 11, Downtown Core Planning Area and Sentosa. Folowing the pace of Government Land Sales and Collective sales, high-end residential projects are going to launch in the tandem to provide steady supply of brand-new luxurious homes. Let’s have a look at the upcoming major new launches based on GLS and En bloc Sales.
1. Jiak Kim Street site: The land parcel at Jiak Kim Street, which is the former site of popular nightclub Zouk, drew a total of 10 offers. Frasers Centrepoint Limited (FCL) trumped nine other bidders with an offer of $955.4 million. It is the highest unit land price achieved on a per square foot basis for government land sites sold. The 13,482 sq m site in Jiak Kim Street comes with commercial use on the first floor. It is a rare location in a cosmopolitan locale, filled with rich heritage and character, sitting right on the edge of the Singapore River. The Great World City and upcoming Great World MRT Station is just a short walk distance away.
2. Fourth Avenue site:. Nestled in a mature private residential estate in Bukit Timah, the site can build an estimated 455 housing units and has a land area of about 1.9 hectares with a maximum permissible gross floor area of 33,358 square metres. Allgreen Properties won the tender for the site.
3. Former Crystal Tower site: the freehold Crystal Tower is at Ewe Boon Road close to Bukit Timah Road in District 10. Built in the 1970s, Crystal Tower is a residential development with 28 apartment units. The property sits on elevated grounds with a land area of approximately 5,619.0 sqm (60,482 sqft) and is zoned for residential use at a gross plot ratio of 1.6 under Master Plan 2014. The collective sales triggered 12 bids and Allgreen Properties Limited won the tender for the site at $1,840 psf ppr.
4. Former Royalville site: the freehold Royalville comprises 55 apartments, 38 maisonette and 11 shops. The freehold site is near Sixth Avenue MRT station and has a land area of 16,181.5 sqm (174,176 sqft). Under Master Plan 2014, the site is zoned for residential use with a gross plot ratio of 1.4. Allgreen Properties Limited won the tender among the 9 bidders for $477.94m or $1,960 psf ppr through collective sales. The site is expected to build an upscale condominium with up to 323 residential units and comprehensive suite of facilities subject to authority approval.
5. Handy Road site: the Handy Road site is just 100 meter away from Dhoby Ghaut MRT Station with land size of 51,626 sq ft. City Developments won the tender among the 10 bids with S$1,722 per sq ft per plot ratio. It is expected to build three 8- to 10-storey residential towers with about 200 apartment units and a basement carpark. It could also convert the conserved building at the site into a clubhouse.
6. Holland Road site: it is a commercial and residential site in Holland Road near Holland Village MRT station. It was put up for sale under a dual-envelope concept and price tender that will close on March 20, 2018. The site can have a maximum gross floor area of 59,715 sq m, of which, up to 13,500 sq m can be for retail use. The Urban Redevelopment Authority (URA) has set a cap of 570 residential units for the project.
There are also some small to middle scale boutique condominium and apartment developments to be slated into the market. Here we just give some exmples.
- The Enclave Holland: It’s freehold private residential development sited on a land parcel of around 1,313 sqm along 131 Holland Road and near Holland Village MRT Station. Developed by Three Sixty-Nine Development Pte Ltd, the new launch will offer 26 exclusive units of 1, 2, 3 Bedrooms and Penthouses.
- 8 Hullet Road: it is a freehold development by Hullet Development Pte Ltd offering 44 units of 1 besroom and 2 bedroom
- 120 Grange Road: it is a freehold development by RH Orchard Pte Ltd with 56 units of 1- and 2- bedroom and 2 bedrom dual key.