Business and Life

Top 10 Hottest S'pore Properties 2011

What are some of the most promising real estate investments for 2011? We list down our top ten list…

Although 2010 witnessed a slew of property cooling measures, analysts expect the luxury sector to continue doing well.

“We expect the luxury market to hold up well against the recent property measures but the price increase will be very moderate as there is a substantial number of high-end units due for completion until 2011 and many are unsold,” says Chua Chor Hoon, Head of Southeast Asia Research for DTZ.

Singapore’s luxury sector is still attractive, drawing in foreign investors from China.

According to DTZ, they are now the dominant buying force in the high-end market.

In fact, in June this year, a record price was achieved when a Chinese national paid S$36 million for a private bungalow in Sentosa Cove.

There are many reasons driving demand among the wealthy, primarily the buzz surrounding the two new Integrated Resorts, the Formula One night race, low mortgage interest rates, high migration rate and the growing number of private banks catering to the well-heeled.

With this in mind, what are some of the most promising property investments in 2011? We singled out the following top ten.

Good Class Bungalows

Good Class Bungalows (GCBs) are always in demand due to their limited numbers. In fact, the ultra high net worth investors have always favoured the GCB market as they have shown good capital appreciation over 2009 and 2010. The most notable buyer so far is international celebrity Jet Li, who in 2009 snapped up a good class bungalow in Binjai Rise for a reported $19.8 million. The recent property curbs to tighten foreign ownership of this cream of the crop market has made GCBs out of reach and even more attractive.

Sentosa Cove

Billed as “the world’s most desirable address”, Sentosa Cove is home to some of the most expensive residential developments in Singapore. There is one landed bungalow at 34 Paradise Island now available for sale. The two-storey bungalow comes with an attic, a private berth and a swimming pool. Only the first storey comes lavishly furnished complete with art works and sculptures which are all included as part of the sale. The bungalow comes complete with your own private yacht, an Azimut 38 for a total price tag of S$20.5 million.

Boulevard Vue

Located in the premier shopping belt of Orchard Road, Boulevard Vue offers a collection of 26 limited edition bespoke apartments with generous sizes starting from 4,500 sq ft onwards. The apartments start from the seventh floor onwards and comprise one mansion per floor – each served by two private lifts. In addition, there are two penthouse units with their own swimming pools in the sky.  Amenities include two pools, gyms, spas and dining pavilions.

Robinson Suites

Robinson Suites is located in the New Downtown, where all the action is. Located within walking distance to the new Marina Bay Financial Centre (MBFC), within the Formula One night racing circuit, a stone throw’s away from Marina Bay Integrated Resorts, Singapore Flyer and Gardens By the Bay, Robinson Suites’ location and freehold status — the first within the Central Business District (CBD) — makes it a much sought after property.  Robinson Suites is a 42-storey building, comprising 167 residential units and 3 commercial units. Some units will enjoy views of the sea and outlying Indonesian islands while others will offer panoramic views of the city skyline. Facilities include a lap pool, Jacuzzi and a fully equipped gym. Best of all, it is located next to a future MRT station.

Alba

This super luxury freehold project on Cairnhill Rise features 50 exclusive units that are fully bespoke due to its white plan concept. Home buyers can personalise their own apartments with their preferred unique layout even before they are built. Choose from a series of suggested configurations ranging from one-bedroom to four plus study bedroom layouts. Apartment sizes are 1,862 sq ft to 2,250 sq ft with the exception of the townhouse and the penthouse. Facilities include lavishly landscaped gardens, a reception lobby, a wine and cigar room, a lounge deck, recreation pools, an outdoor spa deck with Jacuzzis and massage beds, lifestyle pavilions and a gymnasium.

Starlight Suites

Starlight Suites Private Pool

River Valley has always been the choice area for well-to-do locals and expats with a significant number of good condominiums available in the area. Close to Orchard Road and the CBD yet located away from it in a tranquil, leafy neighbourhood, River Valley is a hot property location. Starlight Suites is one such property that has easy access to Somerset and Clarke Quay MRT stations and a 5 minutes’ drive away to Orchard Road. This freehold project comprises 105 units with four units on each floor. Every unit has been designed as corner units with balconies to allow natural light and ventilation.

Altez

You can never go wrong with properties located within the CBD. Situated just a stone’s throw away from Tanjong Pagar MRT station, Altez is the tallest residential development in the area offering panoramic views of the sea and the city. Altez comprises 280 loft-style units ranging from one- and two-bedroom apartments to one-, two and three-bedroom lofts. Residents will be spoilt for choice with five floors of sky gardens and two stories of facilities to cater to the urban dweller. The fitness zone on Level 8 is equipped with a gym, a fitness area, a play area for children, a tennis court, a basketball half-court and a 50-m lap pool. Other facilities include spa pools, a pool deck, a Jacuzzi and a cabana.

Silversea

If you like living away from the city yet within minutes’ away to it, there’s Silversea’s Premier Tower which was launched recently. The tower offers panoramic sea-facing two-, three- and four-bedroom apartments. In addition, Silversea enjoys easy access to The New Downtown, Marina Bay Sands Integrated Resort, Marina Bay Financial Centre and Gardens by the Bay. All units here boast high ceilings and full-height windows to allow natural light into the apartments and to give homeowners views of the sea and the horizon.

d’Leedon

CapitaLand’s project has been buzzing ever since the developer announced it had roped in world-renowned architect, Zaha Hadid to design this former Farrer Court site. Situated near to Holland Village and Bukit Timah areas, this development is surrounded by plenty of good schools and Orchard Road is only a 5-minute drive away. The developer just launched the first phase of this 1,715-unit, 36-storey condo which will comprise seven luxury residential towers and 12 villas.

Lakefront Residences

Located just next to Lakeside MRT station, Lakefront Residences is poised to tap onto the growth of Singapore’s second CBD in the Jurong Lake District. Developed by Keppel Land, it comprises 629 units, ranging from 1- to 4-bedroom units. Although not located in a prime area, the Jurong Lake District is an upcoming investment area to look out for as it will house hotels, shopping, dining facilities and two upcoming hospitals set to be completed in 2014 and early 2015.

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By PropertyGuru – December 10th, 2010