The URA's recent 2019 draft masterplan shows the government's development focus is now aimed towards the city centre and The Greater Southern Waterfront, which extends from Pasir Panjang to Marina East, which will be transformed into a new major gateway and location for urban living along Singapore’s southern coast. Development for The Greater Southern Waterfront will take place in phases, starting with the former Pasir Panjang Power District, Keppel Club and Mount Faber in the next 5 to 10 years making the Greater Southern Waterfront a unique Gateway to Future Live, Work & Play.
The Draft Masterplan 2019 reflects Singapore planners’ people-centric approach to achieving sustainable growth through continuous innovation to enhance the attractiveness of the city.
The Draft Masterplan 2019 reflects Singapore planners’ people-centric approach to achieving sustainable growth through continuous innovation to enhance the attractiveness of the city.
Plot ratios for numerous CBD land parcels saw significant increases. The base plot ratios for land parcels in the heart of Raffles Place, in the vicinity of Raffles Place MRT station, which rose from 12.6 to 15.0. The withdrawal of office stock from the potential wave of redevelopments and AEIs will lead to lower vacancy rates and lend further support to rents.
Bernam Street URA Government Land Sale Site - URA, Straits Times Graphics
Recently, URA announced the sale of two 99 years leasehold Government Land Sale plots of land at Bernam Street and Tan Quee Lan Street - both in the city and located near a rare upcoming freehold residential condo project called Sky Everton. Property analysts expect these two plots of 99 year leasehold Government Land Sale sites to be sold at higher than the enbloc price per square foot for the nearby freehold Sky Everton and 99 year leasehold One Pearl Bank.
Sky Everton may therefore be a rare opportunity for buyers to enjoy a new launch in prime District 02 in the city where the price of freehold is lower than future 99 year leasehold. Huttons Asia's real estate professional, Kiwi Lim studied the recent URA Masterplan said "The government has indicated in its 2019 masterplan that it is turning its focus on rejuvenating prime city centre area to make it a more vibrant place to live, work and play. Therefore, we can expect city centre property prices to gradually appreciate. We can also expect future city area properties to be 99 year leasehold making freehold a rare commodity."
Sky Everton may therefore be a rare opportunity for buyers to enjoy a new launch in prime District 02 in the city where the price of freehold is lower than future 99 year leasehold. Huttons Asia's real estate professional, Kiwi Lim studied the recent URA Masterplan said "The government has indicated in its 2019 masterplan that it is turning its focus on rejuvenating prime city centre area to make it a more vibrant place to live, work and play. Therefore, we can expect city centre property prices to gradually appreciate. We can also expect future city area properties to be 99 year leasehold making freehold a rare commodity."
Tan Quee Lan Street URA Government Land Sale Site - URA graphics
Sky Everton condo - be the envy of everyone to own the only condo with an Everton Road address in Singapore
Sky Everton, is a rare upcoming new launch freehold condo situated in District 2, was formerly Asia Gardens along Everton Road bought over by Sustained Land in an enbloc collective sale for S$343 million. With the inclusion of the 10% bonus balcony area, this translates to S$1,565 psf ppr.
Designed by award-winning ADDP Architects LLP, Sky Everton is poised to impress with its modernistic curtain-wall facade, generous facilities across Levels 1, 5, 14 & 24, and units with functional layouts glazed in stylish finishes.
Huttons Asia's real estate consultant Kiwi Lim believes this project will sell very well at its upcoming launch: "Sky Everton is favourably enveloped by low-rise shophouses to its North and Spottiswoode Park to its South, therefore residents can enjoy breathtaking panoramic views across the island, the city and the sea. Within a short few minutes walk, residents can easily walk to Cantonment MRT Station (U/C) and Outram Park MRT Interchange, with an impressive total of 4 MRT lines (Circle Line, Thomson-East Coast Line, North East Line and East West Line). Which new condo can compare?"
Within a short seven minutes walk, residents of Sky Everton can reach Tanjong Pagar, Singapore General Hospital, and the upcoming Greater Southern Waterfront. Sky Everton is also very near to Duxton Hill, Bukit Pasoh, and Keong Saik, rich in heritage charm and food culture while hidden in tranquil Spottiswoode estate.
Designed by award-winning ADDP Architects LLP, Sky Everton is poised to impress with its modernistic curtain-wall facade, generous facilities across Levels 1, 5, 14 & 24, and units with functional layouts glazed in stylish finishes.
Huttons Asia's real estate consultant Kiwi Lim believes this project will sell very well at its upcoming launch: "Sky Everton is favourably enveloped by low-rise shophouses to its North and Spottiswoode Park to its South, therefore residents can enjoy breathtaking panoramic views across the island, the city and the sea. Within a short few minutes walk, residents can easily walk to Cantonment MRT Station (U/C) and Outram Park MRT Interchange, with an impressive total of 4 MRT lines (Circle Line, Thomson-East Coast Line, North East Line and East West Line). Which new condo can compare?"
Within a short seven minutes walk, residents of Sky Everton can reach Tanjong Pagar, Singapore General Hospital, and the upcoming Greater Southern Waterfront. Sky Everton is also very near to Duxton Hill, Bukit Pasoh, and Keong Saik, rich in heritage charm and food culture while hidden in tranquil Spottiswoode estate.
One Pearl Bank is Capitaland's new iconic condo - a 774-unit twin towers replacing the famous Pearl Bank apartments
CapitaLand unveiled its design for One Pearl Bank, a development that will take the place of Pearl Bank Apartments, which it bought for S$728 million. One Pearl Bank comprises two curved 39-storey towers linked at the roof by sky bridges and will also feature a vertical sky allotment garden for urban farming. The upcoming One Pearl Bank will look good from any angle. At night, its crown will light up like a circular halo and the structure will truly transform into a beacon as it begins to glow and take on an ethereal quality.
Huttons Asia real estate advisor Kiwi Lim says "This is the first time that a series of sky allotments has been arrayed vertically in a high-rise residential tower". Capitaland said these sky allotments will support urban farming and promote community bonding. Additionally, around 500 trees and more than 135,000 shrubs, plants and flowers will be planted throughout One Pearl Bank. A landscape path linking it to the adjacent and under utilised Pearl’s Hill City Park will also be available.
Huttons Asia real estate advisor Kiwi Lim says "This is the first time that a series of sky allotments has been arrayed vertically in a high-rise residential tower". Capitaland said these sky allotments will support urban farming and promote community bonding. Additionally, around 500 trees and more than 135,000 shrubs, plants and flowers will be planted throughout One Pearl Bank. A landscape path linking it to the adjacent and under utilised Pearl’s Hill City Park will also be available.
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