Past Master Plans revolved round gentrification of city-fringe or suburban Regions, for instance, Paya Lebar and Jurong East at 2008, the Potong Pasir-Woodleigh Region in 2013, Tampines and Woodlands Regional Centres, in Addition to new estates like Bidadari and Tengah, says Ken Low, managing partner of SRI.
“This Master Plan 2019 sees the rejuvenation of the CBD and Orchard Road in Addition to the growth of the Greater Southern Waterfront such as Sentosa Island,” he states.
Checkout Leedon Green price and other official project details, floor plans, showflat appointment.
The plan for its makeover of Orchard Road to a lifestyle destination which provides”a unique experience beyond retail” was released in January.
Beneficiaries — individuals living in Orchard Road Region
“The key beneficiaries of this Orchard Road makeover will function as citizens in the region,” says Low.
Additionally, it presents an chance for investors and owner-occupiers that wish to acquire a foothold on Orchard Road and take pleasure in the chance of future funding upsidedown, says Low.
A freehold, 53-unit condominium at a 36-storey tower, The Lumos was created by award-winning, London-based architecture company SMC Alsop and finished in 2011.
The Lumos is a two-minute drive from Orchard Road shopping malls like Ngee Ann City and Mandarin Gallery, along with a three-minute driveway into the malls in the Somerset region. If a person prefers to walk, then it is going to take approximately 11 minutes.
Together with the Orchard Road rejuvenation happening, Low textures The Lumos gifts”an attractive buying opportunity” awarded its prevailing selling rates.
1 street off on Leonie Hill Road is your 124-unit New Futura, finished and found in 2017. New Futura is sold so far, with typical selling price at $3,550 psf within the previous 3 months.
At Amber Park, a brand new freehold, luxury condominium found at the East, units sold were in a normal cost of $2,567 psf within the weeks of June and July, according to caveats lodged.
“This means there is chance to purchase resale units at the Orchard Road area and gain from any future capital gain together with the renewal of this precinct,” states SRI’s Low.
Key proposals announced by the URA in the Draft Master Plan 2019, published in March, concentrated on a more comprehensive, sustainable, and resilient city.
The Orchard Road thoroughfare, particularly round the Orchard and Somerset MRT Stations, will stay the major cart it’s famed for. To be able to enliven the pedestrian malls across the thoroughfare, the Orchard Road Business Association has introduced experiential activities in the kind of street performers, pop-up F&B and retail outlets, in addition to entertainment and arts events.
Construction is underway in the forthcoming Orchard Interchange MRT Station for its Thomson-East Coast Line situated adjacent to Ion Orchard. It’ll be seamlessly incorporated underground using the present Orchard MRT Station on the North-South Line.
Future mixed-use improvements will be built in the Website of the forthcoming Orchard Interchange MRT Station, like Ion Orchard and The Orchard Residences, which sit on top of Orchard MRT Station.