• Wed. Nov 30th, 2022

5 surprising freehold houses near an MRT station – Property Blog Singapore

ByStephanie M. Akbar

Nov 3, 2022

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Most people would be surprised to learn that there are freehold properties in the CBD area. Although there aren’t many, it’s reasonable to think that it would be a good store of long-term value. After all, who doesn’t want to own a forever unit that you can pass on to your closest relatives?

And so, given that Government Land Sales (GLS) will only be 99-year leasehold land going forward, there may be some argument if you’re looking for a long-term asset.

Here are some freehold units you might be surprised to find in these locations:

Did you miss last week? You can view the previous issue here.

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Now let’s move on to the list of units organized this week!

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1

lucky square

$2,000,000

Address: 304 Orchard Road 238863
Mandate: Full ownership
Cut: 829 square feet
$PSF: $2,412.55 FSP
Developer: Unknown developer
HIGH: nineteen eighty one

why i like it

There is no doubt that Lucky Plaza is a well-known building in Singapore. Although it is perhaps best known as a Sunday haunt for Filipino workers in Singapore, it is still in a very central and convenient location.

Now, few people know that the tower behind is actually an apartment building, and freehold. There are only 88 units spread over 30 floors, so it’s pretty exclusive in that sense. It may not be a looker today, but it really is a great location right in the middle of the Orchard shopping belt. Moreover, with the tunnel to Taka, you are also sheltered to the MRT station.

It’s a good-sized 2 bedroom at 829 square feet (especially in this location), and the layout is evenly shaped, making furniture placement easy. The position of the kitchen allows it to be enclosed and even comes with a courtyard which we barely see in the newer 2 bedrooms today. You also get a nice view of Orchard, and the condition of the unit is still quite good considering its age.

-Ryan

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staff choice druce

2

Skyline Residences

$1,790,000

Address: 612 Telok Blangah Road 109026
Mandate: Full ownership
Cut: 829 square feet
$PSF: $2,159.23 FSP
Developer: Bukit Sembawang View Pte Ltd
HIGH: 2015

why i like it

Skyline Residences is kind of off the radar for a lot of people, but it’s really in a pretty convenient location if you want to stay out of town. It is located in the serene Telok Blangah estate where there are more HDBs than private condominiums – only 2 more in the immediate estate.

It is a freehold project and a relatively new development which just got its TOP in 2015. It sits at the lower end of a mid-rise development with 283 units spread over three 24-storey towers, you will so won’t feel the crowd too much here.

You are located very close to Telok Blangah MRT station on the Circle Line, which is just one stop from Harbourfront and the very popular Vivocity.

It’s a decent-sized room at 829 square feet on paper — though there are floor-to-ceiling windows and a planter to be aware of. Also note that stacks facing Keppel Golf Course will now have unobstructed sea views, this will change in the future due to GSW changes.

–Drucé

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3

Town Square Residences

$1,700,000

Address: 14 Kitchener Link 207223
Mandate: Full ownership
Cut: 861 square feet
$PSF: $1,974.45 PSF
Developer: Limited city development
HIGH: 2009

why i like it

Maybe it’s due to lack of supply, or maybe it’s just a growing population, if the sales success of Piccadilly Grand is to be believed. City Square Residences was built in 2009 and has been a mainstay in the area for some time now. It’s conveniently located next to City Square shopping center and Farrer Park MRT station (Piccadilly Grand will add further upgrades in the future), and being 30 stories tall, it definitely stands out from all the surrounding shophouses – also means you will most likely have unobstructed views all around.

It’s a big project with 910 units, so those who want a bit of privacy will want to look elsewhere (you won’t be looking at that corner of the woods anyway).

Like most older developments, you have a good sized 2 bedroom at 861 square feet. It’s an efficient layout with minimal waste of space, and also features an enclosed kitchen with a courtyard.

– Ruben

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4

Eleven @ Tanjong Pagar

$1,638,000

Address: 11 Kee Seng Street 089218
Mandate: Full ownership
Cut: 570 square feet
$PSF: $2,873.68 PSF
Developer: Heeton Holdings Limited
HIGH: 2017

why i like it

It’s always a surprise to people to learn that there are actually full ownership developments at the heart of CBD. Eleven @ Tanjong Pagar is one of them, and it’s rather new too as it was only completed in 2017.

You are a short walk from the MRT Tanjong Pagar station, and Tanjong Pagar Plaza and 100AM shopping mall offer a good variety of dining options. That’s not even including the wealth of restaurants along Duxton and Keong Saik, though admittedly it’s not the most affordable neighborhood for everyday dining.

It is a mixed boutique development with 56 residential units and 13 commercial outlets, including the famous Beef Sukiyaki Don Keisuke.

The unit itself is a 570 square foot penthouse with 1 bedroom. There is a high ceiling here in which the owner has converted an attic which serves as an office. You have stunning views of the Keppel Terminal which is the site of the future Greater Southern Waterfront, and there’s a touch of luxury here with a private lift. I also like the rooftop pool here, it’s pretty awesome to be able to lounge in a rooftop pool in the middle of office buildings in Singapore.

-Stanley

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5

Edge of the Kallang River

$2,950,000

Address: 51 Kampong Bugis 338986
Mandate: Full ownership
Cut: 1,140 square feet
$PSF: $2,587.72 FSP
Developer: Singapore-Johore Express Pte Ltd
HIGH: 2019

why i like it

For amazing city views, Kallang Riverside has got to be one of the best condos around. It is located away from the main area of ​​town so you have a good view of the city skyline and you also get amazing sea views which is always nice.

You are located between the MRT Lavender and Kallang stations – less than 10 minutes walk from Lavender and less than 15 minutes walk from Kallang. The surrounding area is under the Kampong Bugis rejuvenation plan where it will become a residential and recreational area, so there will be further improvements in the future, although the location is no longer so exclusive. Currently, however, it’s almost as if you have exclusive access to Kallang Riverside Park, which is ideal for those looking for a bit of nature.

It sits at the lower end of a mid-rise development with 212 units spread over 30 levels, and the unit itself is a 3-bedroom, 2-bathroom unit with an area of ​​1,140 square feet. . The kitchen is enclosed by glass panels that allow more natural light to enter the unit and the walkway that leads to the bedrooms, and it offers a beautiful unobstructed view of the Marina Bay area

–Sean

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