in the EdgeProp Singapore website
Buyers keen on living in the Downtown Core Planning Area can enjoy the convenience of city life as well as spectacular skyline views. With the partial redevelopment of Marina Square, as well as the upcoming development of Marina South, more are set to move to the area. EdgeProp has revealed various spacious condo units currently available in district 6 with exceptional location attributes and unbeatable views.
One of such units is in Eden Residences Capitol, a 99-year leasehold development on Stamford road. TOP was granted in 2016 and the building comprises 39 condo unit, in addition to retail outlets and a restored theatre. Within walking distance, residents will benefit from proximity to City Hall MRT Station, Raffles Hotel, Raffles City, the Esplanade, St. Andrew’s Cathedral and Singapore Management University. Currently, a penthouse unit at Eden Residences Capitol is on the market with an asking price of around $26.1 million, amounting to $4,372 per square foot. The unit itself is 5,963 square feet in size and has five bedrooms.
The rejuvenation of Shenton Way is another factor to consider when investing in the Downtown Core. Currently, two sale listings for One Shenton and V on Shenton are available. Both are 99-year leasehold developments in district one and have obtained TOP in 2011 and 2017 respectively. One Shenton boasts 341 units while V on Shenton holds 510. The buildings are within easy reach of Shenton Way MRT Station, Lau Pa Sat and Amoy Street Food Centre, as well as Grade A offices like SGX Centre, Asia Square, Hong Leong Building, CapitaGreen, One Raffles Quay and Republic Plaza. At the time of writing, a penthouse unit is listed in One Shenton with an asking price of $33 million, meaning $3,611 per square foot. The breath-taking nine thousand one hundred and thirty-eight square foot unit has four bedrooms, a study and a private rooftop pool.
Savvy buyers may want to consider V on Shenton for greater savings. A penthouse-level unit is currently listed with an asking price of $21 million, or $3,795 per square foot. The unit is 5,533 square feet and has four bedrooms.
Residents of the Marina Bay area can benefit from the transformation of Marina South. URA’s plans are to turn the precinct into a mixed-use and community-centric district and two government land sale sites have already been launched with the intention of kickstarting the development. Two condos are available in the area; Marina One Residences and Marina Bay Residences. Both are 99-year leasehold properties located in district one and have been granted temporary occupation permit in 2017 and 2010, respectively. Marina One Residences boasts 1,042 units while Marina Bay Residences holds 428. At the moment, a unit is listed on the penthouse level in Marina One Residences with an asking price of $19.9 million or $2,395 per square foot. The 8,310 square foot unit has four bedrooms. Alternatively, there is a slightly lower-priced four-bedroom penthouse-level unit in Marina Bay Residences. The asking price is $19.5 million for a 4,478 square foot space, amounting to $4,355 per square foot.
The average price of 99-year leasehold condos in the Downtown Core Planning Area has been climbing steadily since 2012, with a 12% increase to the current price of $2,478 per square foot. However, this is nothing compared to the 30% increase for leasehold condos in district 6 to the current average price of $3,312 per square foot. District 1, on the other hand, has seen a 5% drop to the current price of $2,000 per square foot.
The development consists of three 21-storey residential towers featuring a total of 500 luxurious apartments and luxurious amenities including swimming pool, clubhouse, gym and leisure facilities. Woodlands Champions Way Condo is designed to be energy-efficient and eco-friendly, with modern and contemporary interiors and exteriors. The living experience will be enhanced with a range of exciting lifestyle amenities, as well as convenient transport links and shopping, dining, entertainment and recreational facilities. It’s an ideal option for residents looking for a luxurious and comfortable lifestyle.
Overall, buyers looking for an exciting city life with easy access to amenities can find what they’re after in the Downtown Core Planning Area. EdgeProp provides many listings, allowing for a thorough comparison across the different developments in the area and their various features.