Looking for a new Home in the Greater CBD – D1, D2 & D7?

Even though the city centre is the most developed part of Singapore today, the government is striving to rejuvenate (and expand) Singapore’s CBD to keep it competitive and vibrant.  The stakes are high, in Singapore’s quest to be the top global financial centre.  Under the URA Master Plan 2019, parts of the traditional CBD such as Anson Road, Cecil Street and Tanjong Pagar will offer an increase in gross plot ratio (GPR) for the conversion of existing office developments to hotel and residential use.  In addition to the scheme, the URA also wants to increase the Central Area’s live-in population and is planning for more integrated developments (mix of residential, office, retail and/or hotel) in the increasingly seamless Downtown, Marina Bay and Beach Road/Rochor corridors.  Eventually, I see D1, D2 and D7 gradually forming the Greater CBD area, and this area will increase in vibrancy and hype  – as the government’s incentives and action plans gradually unfold over the next decade.

MONEY MIND program (March 2019):  “Living the High Life in the CBD”

Every evening, I walk 3.5km around the Marina Bay, and see hordes of tourists enjoying themselves. And I always wonder to myself: Why are Singaporeans not enjoying themselves here?

In many global cities around the world, living in the financial district is a privilege and will cost a bomb, but uniquely in Singapore, you can still get a good unit at many D1, D2 and D7 properties for the same price — in terms of psf — as some new condo launches in the outlying suburbs …..

New Launches
Marina One Residences
Wallich Residence
South Beach Residences
(Guoco) Midtown Bay

Resale
– The Sail @ Marina Bay
– Marina Bay Residences
– Robinson Suites
– V on Shenton
– Skysuites @ Anson
ICON
– One Shenton
– EON Shenton
– 76 Shenton
– Lumiere
– Altez
Duo Residences
– Concourse Skyline


One key theme of the URA Master Plan  2019 is its focus on the Central Area:

Singapore’s CBD to see identity shift

Plans to transform Orchard Road, create more buzz in CBD

Underground plans for three districts revealed

More homes planned in city centre to inject vibrancy


RELATED NEWS

BT March 2019:   Ongoing makeover adding value to Beach Road’s commercial markets
https://www.businesstimes.com.sg/hub-projects/property-2019-march-issue/ongoing-makeover-adding-value-to-beach-roads-commercial

Plans to rejuvenate city centre, waterfront
https://www.straitstimes.com/politics/plans-to-rejuvenate-city-centre-waterfront

Necklace of pearls around the Bay
https://www.businesstimes.com.sg/the-raffles-conversation/necklace-of-pearls-around-the-bay

Marina Bay: A Vision and the Backbone
https://www.ura.gov.sg/Corporate/Resources/Ideas-and-Trends/Marina-Bay-vision-backbone

 

Mike Tan  |  CEA Regn. R059706Z  |  98280030
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