With the overall global economy predicted to improve this year, it is without a doubt that the Singapore real estate scene will see a bigger improvement this year as the vaccination of its population continues to gain traction. However with the numerous new projects available in the market, and even more coming up in the second half of the year, what then should investors focus on? We will take a look at 3 condominiums located in the North, East and West of Singapore that we feel is worth investors’ attention for 2021.
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LIV @ MB
Although there were entry restrictions into Singapore by foreigners since April 2020, overseas investors are still picking up value properties in Singapore. The current insights show that more foreign expatriates living in Singapore are converting the rental they pay on their leases into installments towards owning a home locally. Together with the government’s move towards working from home instead of commuting to the office, these highly paid individuals have choosen to live in the city fringes or outskirts, instead of residing within the central business district as before. Thus many expatriates have bought homes like LIV at MB, a new residence located at the city fringe of Mountbatten with a short walk to the Kallang Sports Hub and recreational district. Not only is it convenient from this eastern condominium to the Central Business District, it is also near the beachfront, recreational grounds, parks and a natural river suitable for water sports. This tranquil environment is suitable for families as well as for individuals looking for a weekend getaway from the busy work environment.
For the bioengineering and pharmaceutical expatriates working in the One-North Business Park, district 5 homes are appealing due to the close proximity to their laboratories and the necessary amenities provided to the residents living in this district. That was why Clavon condo in Clementi was oversubscribed at its inaugural launch where 70 percent of its units were sold. The one and two-bedroom units were snatched up within the first few hours, and more than 50 percent of the three-bedroom units were transacted. For keen families, four and five-bedroom units are still available.
The Watergardens @ Canberra
Towards the North of Singapore where the electronics and manufacturing hub is sited, expatriates have chosen to live within Sembawang because of the quieter environment and numerous nature parks, as compared to Yishun New Town on the other end. One of the popular projects in that region is The Watergardens at Canberra, a 448-unit leasedhold residential development supported by strong transport networks and easily accessible amenities like supermarkets, clinics, hospitals, schools and childcare centers. This self-sufficient estate near Canberra is mostly formed by private residences, with an existing supportive community that’s welcoming to new residents.