Why Should I Consider Living In The City

WHY DO PEOPLE CHOOSE TO LIVE IN THE CITY

GREATER VARIETY OF ETHNIC FOOD, RESTAURANTS, CAFES & EATERIES

MORE EMPLOYMENT & NETWORKING OPPORTUNITIES

MORE CULTURAL VENUES SUCH AS MUSEUMS & THEATRE

EXCITING EVENTS & NIGHTLIFE TO CHILL AFTER WORK

EXCELLENT PUBLIC TRANSPORTATION ELIMINATING THE NEED FOR A CAR

SURROUNDED BY AMENITIES: SHOPPING CENTRES, SUPERMARKETS

PROXIMITY TO COMPREHENSIVE HEALTHCARE HUB

The SGH Campus of the future will be Singapore’s largest medical campus when completed linking all patient care, education and research facilities as an interconnected healthcare ecosystem.

SURROUNDED BY GREEN SPACES: PARKS & GARDENS

AFFORDABLE HEARTLAND PRICES & FOOD EVEN IN PRIME CBD DISTRICT

Tanjong Pagar Plaza

Tanjong Pagar Market & Food Centre

wHich Other NEIGHBOURHOOD Can You Find ALL THE ABOVE?

UPSIDE POTENTIAL 1:

URA CBD MASTERPLAN: Central Business District (CBD) Incentive Scheme

The CBD Incentive Scheme and the Strategic Development Incentive (SDI) Scheme aim to encourage the rejuvenation of the CBD and other strategic areas in Singapore. Sites that fall within the designated areas for the CBD Incentive Scheme shall be guided by the CBD Incentive Scheme and shall not be considered under the SDI Scheme.

One Bernam is within this Anson CBD Revitalisation Zone

Part of URA's plan to Revitalise the CBD with more facilities for work, live and play

The 101-year-old former St Andrew’s Mission Hospital, located off Maxwell Road, will be transformed into a creative lifestyle and wellness hub, equipped with co-working facilities with a strong focus on community building and connecting people with businesses. The winning proposal by Bethesda Medical “provides for regular community events involving arts, fitness and gastronomic experiences for the public to enjoy”. The first floor of the three-storey building will have 10 food and beverage offerings. On the second and third floors, plans to set up a co-working space that can double up as an event space for art exhibitions and talks, along with a health and fitness zone, and a section for ice baths. The second floor may also include an area for speciality retail, as well as art and music therapy.

UPSIDE POTENTIAL 2:

URA MASTERPLAN: GREATER SOUTHERN WATERFRONT DISTRICT

UPSIDE POTENTIAL 3:

URA SGH CAMPUS MASTERPLAN: SGH MEDICAL HUB & SGH MEDICAL CAMPUS

The SGH Campus Master Plan anticipates the healthcare needs of Singaporeans and will provide an environment that supports the latest models of care that are holistic, multidisciplinary and teambased with integration across the whole spectrum of care.

The SGH Campus of the future will be Singapore’s largest medical campus when completed linking all patient care, education and research facilities as an interconnected healthcare ecosystem. It will provide patients with healthcare that is easily accessible, integrated and seamlessly connected to cutting-edge research and education, translating to better health outcomes for patients.

The SGH Campus is designed to deliver a seamless continuum of care, the resulting vibrant healthcare ecosystem will also drive a world-class Academic Medical Centre that will define healthcare for Singapore.

Home to the SingHealth Duke-NUS Academic Medical Centre, SGH Campus offers a full spectrum of healthcare services helmed by flagship hospital SGH, five national specialty centres – cancer, dental, eye, heart and neuroscience – and SingHealth Polyclinic (Outram). The new development will be expected to employ around 10,000 medical professional & educators.

UPSIDE POTENTIAL 4:

WALLICH RESIDENCES & TMW SELLING ABOVE $3,100 PSF

Wallich Residences at Wallich Street

TMW Maxwell at Tras Street

Developer: Guocoland
Total Units: 181 residential units + shopping mall + office + mrt
TOP: 2018
Tenure: 99 year from Feb 2011
Address: 3 Wallich Street
Site Area: 161,708 sqft
USP: Large floorplate units with integrated lifestyle

Developer: Chip Eng Seng
Total Units: 324 residential units + 11 commercial units
TOP: 2028
Tenure: 99 year from 28 April 2023
Address: 31 Tras Street
Site Area: 42,000 sqft
USP: All 1 & 2 bedrooms with 2 bedroom dual-key units

NEWPORT RESDIENCES EXPECTED TO SELL ABOVE $3,300 PSF

UPSIDE POTENTIAL 5:

OCR NEW CONDOS - JURONG EAST ABOVE $2,800 PSF (2ND CBD)

UPSIDE POTENTIAL 6:

ALIBABA & JACK MA'S REVITALISATION OF TANJONG PAGAR CBD

If This New Condo Launch In 4th Quarter This Year, What Price PSF Will It Cost?

UPSIDE POTENTIAL 7:

NEAREST HDB SOLD AT MORE THAN $1,400 PSF (TOP IN 2010)

Completed in 2010, resale flats at Pinnacle @ Duxton have consistently led the pack in terms of high value, million-dollar transactions in the HDB secondary market. According to HDB caveats, flats in this HDB estate have been consistently sold for more than $1,300 psf.

If HDB bESIDE oNE bERNAM sOLD aT $1,4XX PSF & top IN 2010, dO yOU aGREE
oNE bERNAM cONDO eXPECTED tO top iN 2025 aT $2,8XX psf iS uNDERVALUED?

UPSIDE POTENTIAL 8:

KEPPEL SOUTH CENTRAL (RIGHT BETWEEN P@D & ONE BERNAM)

With Nearby HDB Flats Selling At $1,4xx PSF,
Do You Agree Its Easy For HDB Owners To Upgrade?

UPSIDE POTENTIAL 9:

MILLIONAIRES LOVE PRIME DISTRICT / CBD PROPERTIES
- STATUS SYMBOL & LOW SUPPLY

Within 6 years, the number of millionaires in Singapore increased by 80% in 2024 - most of them created wealth through property. If this continues, will we see 600,000 millionaires in Singapore by 2030?

In 2024, Singapore has an adult population of 4,977,000, and there are 332,491 millionaires (with US$1 million or more in assets excluding the property they stay in). Despite the rising cost of living and being called one of the most expensive cities in the world (in the eyes of expatriates), Singapore is still home to many wealthy people.

UPSIDE POTENTIAL 10:

CCR / RCR LAND PRICE TREND IN SINGAPORE

UPSIDE POTENTIAL 11:

WILL LAND BETTERMENT CHARGE (LBC) RAISE NEW CONDO PSF PRICES?

With effect from 1 August 2022, a new Land Betterment Charge (LBC) will replace Differential Premium (DP), Development Charge (DC) and Temporary Development Levy (TDL), and be administered by the Singapore Land Authority (SLA).

Will the LBC Revision Affect Property Prices? The hike in LBC means that the total cost of developing land is going to rise since developers are going to have to pay a higher tax on the increase in the value of the land as the land betterment charge (LBC) rates for key use groups – residential, commercial, industrial and hotels – for the next half year have all been raised for the first time since a September 2011 review.

The latest LBC rates for the 1 March to 31 Aug 2024 period were announced on 29 Feb 2024, following a review by the Singapore Land Authority in consultation with the taxman’s chief valuer.

Developers pay an LBC for the right to enhance the use of some sites or to build bigger projects on them and this is expected to raise land costs payable by developers when developing the land to build private residential properties.