Navigating Singapore Properties for Long Term Value Hold

A tiny island home to >270,000 millionaires, Singapore is one of few countries whose national reserves grew throughout the Covid-19 Crisis. The Singapore dollar is a strong and stable currency, and its property market has seen significant international interest of late as investors look to Singapore as a destination to park their wealth.

Singapore has long been well-known for its political stability and the way the country handled Covid proved the robustness of its healthcare and civil systems. With numerous European and Asian private banks headquartered in the city state, it has been charging forward as a Wealth Management Hub that well serves the needs of millionaires and business owners. Deeptech, fintech and blockchain companies have also benefited from a thriving ecosystem of investors and tech talent.

It is no wonder that Singapore has been one of the spotlight cities for property buyers looking to relocate or for investments. Throughout 2020 and 2021, property prices and rental rates for residential properties in Singapore has experienced growth that defied conventional wisdom but is ultimately ground of improving fundamentals.

3 Quality locations offering large freehold residential units

In Singapore, residential apartment and condominiums are sold either as Freehold units or units with a 99-year lease. Freehold units in quality locations by well-reputed developers and property managers present opportunities for both own-stay and long term value holds. Among which, the Cairnhill, Stevens and Cuscaden areas are by far some of the most premium locations that are also benefitting from ongoing Urban redevelopments.

A) Robin Residences: High-end residential estate near top schools and amenities

With Grocery stores, train stations and one of Singapore’s top girl schools all within 5-minutes walking distance, Robin residences is one of few high-end residential developments that boast convenience and access like no other. The underground Stevens Train station in particular is part of Singapore’s Downtown line that offers direct connectivity to the CBD within a 10-15mins train ride. Ongoing development of the new train Thomson East Coast line, which connects to the Stevens train station is also set to further enhance transportation access to other parts of the city state when completed. It is no wonder that the development is largely sold out safe for a few large 3 and 4 bedroom units – ideal for families looking for a balance between lifestyle, practicality and convenience.

Prices: US$ 2.8 – 3.9 mn

Unit Sizes: 1700 – 2400 sqft

B) Cairnhill 16: Exclusive units in Orchard, last new-build in the area

For many Singaporeans, expat and affluent foreigners who have made Singapore their home, the Cairnhill enclave is synonymous with luxury living in the heart of Orchard. In terms of access to amenities, nothing comes close to the Cairnhill enclave. High-end malls like Paragon and Ngee Ann City, world class private medical centers like the Mount Elizabeth Hospital and Chatsworth International School are all within a few minutes’ walk. For a taste of Singaporean cuisine and nightlife, pubs and restaurants that light up Emerald Hill and Somerset area are both a stone’s throw away.

Exclusive in every regard, the Cairnhill 16 development has only 39 apartment units that each has its own private lift access. With all land plots in the Cairnhill estate already fully built out, Cairnhill 16 is at present the last new-build development in the area. Most importantly, the development is located at the fringe of the Orchard Redevelopment Masterplan where the Singapore government is set to renew the entire Orchard shopping belt.

Prices: US$ 1.8 – 5 mn

Unit Sizes: 700 – 1700 sqft

C) 3 Orchard By The Park: Nested among hotels, malls and key Embassies

Home to multiple billionaires in Singapore, the Nassim and Tanglin estate has earned its own international reputation. In that regard, the Cuscaden estate which sits right across both Nassim and Tanglin seemed almost underrated. Here, the YTL family of Malaysia introduced 3 Orchard By The Park, a freehold ready-to-move-in new build development that was recently completed.

With Tanglin mall, Camden Medical Centre and the new Orchard Boulevard station right at the doorstep, the locality spells convenience like no other. 3 Orchard By The Park is also a few minutes’ drive to other key areas like Holland Village, Robertson, River Valley and Queenstown. What makes the area stand out like no other is perhaps the fact that the UK High Commissioner, US Embassy and PR China Embassy are just diagonally across and all within a few minutes’ walk.

Prices: US$ 4.5 – 6 mn

Unit Sizes: 1700 – 2300 sqft

Summary: Trusted real estate laws and legal system

While the above mentioned properties are unique in their own regard, the greatest appeal of Singapore properties is perhaps the clarity of real estate laws and transparency of the legal system. Real Estate ownership for both locals and foreigners are clear cut and stable and for decades have been the key differentiator for global investors looking to Asia as a region. These factors combined, have attracted thousands of real estate investors in recent months and fundamentals point towards a continued trajectory.

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