In a land-scarce Singapore, integrated developments of this scale are rare. One such development is Park Place Residences, a city-fringe integrated development fronting the Paya Lebar MRT interchange. It offers a true live-work-play lifestyle, and all units released in Phase 1 were sold out within one week of launch. Hence, it is likely that the Park Place Residences development will continue to draw buyers.
Park Place Residences
Integrated Developments in Singapore are increasingly popular. The demand for them is high and buyers are willing to pay more for them. According to OrangeTee & Tie, the available supply of ID projects is just under 9,000 units, which is barely 3% of the total non-landed residential stock in Singapore. Typically, ID projects feature 400 to 600 units of residential space, but there are exceptions, like Orchard Residences, which have 175 units, or Marina One, which has 1,042 units.
Farrer Park and Piccadilly Grand are popular residential areas in Singapore. They have become hot spots for home buyers in recent years. The areas near the Orchard Road shopping district have skyrocketed in value, and Farrer Park real estate is an increasingly valuable commodity. These areas are also close to public amenities, and are therefore safe and offer good value for money.
Another recent development by UOL in the area has a highly coveted status. This developer has a track record in the luxury market in the Central Region, and its recent launch at the Watergardens at Canberra sold 60% of its units at the time of launch. The development is also located near the upcoming Mayflower MRT station, and the distance between it and the MRT station is just 400m or four to six minutes.
Farrer Park is a central location in Singapore, making it convenient for residents to access the city’s CBD. It is surrounded by lush greenery, and enjoys a good transport network. Many residents live there and find it attractive. This location has a lot to offer, including many recreational activities and excellent schools. In addition, it is conveniently located to the central business district and shopping belt.
Jalan Anak Bukit
Wny Integrated Developments in Singapore are typically more expensive than other residential developments, but the extra value they provide to home buyers makes them an attractive proposition for investors and first-time home buyers alike. Developers who purchase land in the central city region are generally paying substantially more for it than they would have otherwise, as they expect higher home prices and higher levels of demand from home buyers. Moreover, a new Wny development is likely to appreciate faster than a traditional single-use residential leasehold project, thereby stabilising the quantum of the condo.
In a fast-paced, city-centric society like Singapore, convenience is paramount. A study by PropertyGuru found that residents value having convenient access to shopping centres, malls, and eateries. An ID that blends residential units with commercial space allows residents to use a lift directly to the shopping area. Its proximity to these places helps in attracting more investors and home buyers.
In addition to retail space, integrated developments are often linked to a large number of office buildings, which increase their appeal. Many integrated projects feature a shopping mall within them, which tends to attract more tenants and increase overall demand for the units in the development. However, this convenience comes with a price – high footfall at commercial centres can lead to traffic congestion on adjacent public roads. Also, integrated developments tend to be better connected to major transportation hubs.
The benefits of living in an integrated development are also worth noting. These developments have a higher level of convenience than other types of condominiums in Singapore. The MRT station is usually a short walk away from most residential units, making the convenience factor an important factor to home buyers. Apart from offering convenience, the proximity to public transportation makes these developments an appealing option for investors.
Another integrated development that is likely to attract home buyers is Jalan Anak Bukit. This new project will be a fully integrated mixed-use development, featuring commercial and civic spaces on the first three storeys. The development will also include a pedestrian connection to the MRT station. It is expected to be completed by 2022. You can find a Wny Integrated Development in Singapore that suits your needs perfectly.
Farrer Park is a popular residential enclave in Singapore. The area has an established charm, making it an attractive location for local and foreign investors alike. Prices in this area are still quite affordable and appealing to home buyers. The area is home to BTO flats and private houses. Moreover, it has an excellent public transport system, and many amenities.