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Today is Aug 22, 2019
Shandy Tong
Senior Associate Director
ORANGETEE & TIE PTE LTD
CEA Licence No.:
L3009250K / R006026J

shandytong@yahoo.com.sg
Call (+65) 8288 8078 - (+65) 9029 6282

News: District Watch: District 23

Apr 3, 2014

In one of the world’s most developed countries, D23 offers peace
and quiet away from city life. But as Cheryl Tay finds out, that doesn’t
make it any less accessible or liveable.

Known for its
lush, extensive greenery and abundance of private housing developments,
Singapore’s District 23 comprises the Bukit Batok, Bukit Panjang, Choa
Chu Kang and Hillview areas. The district has the charm of being tucked
away from the busy city centre, yet easily accessible via expressways
and public transport. Residents enjoy living close to nature, as well as
the convenience of various amenities.

Schools such as Raffles
Girls’ Primary, Nanyang Primary, Hwa Chong Institution, Nanyang Girls’
High, Methodist Girls’ School, National Junior College, Ngee Ann
Polytechnic and the Singapore Institute of Management are located here.
Furthermore, a slew of upcoming residential projects will add to the
existing developments to attract buyers and investors.  

UP AND COMING

The
nearby Bukit Timah has long been known as one of the most sought-after
areas in Singapore for nature and exclusivity, thanks to its extensive
flora and fauna as well as private residential developments. However,
District 23 is quickly progressing in the same direction.

Johnny
Goh, Head of Training at DWG, says, “Some of the key selling points of
the district are the upcoming MRT stations (Bukit Panjang and Cashew)
along Downtown Line 2, (with completion) estimated by mid-2016. With its
30 km cycling loop encircling four reservoirs due to be ready in 2018,
residents can enjoy the privilege of being close to nature. (In fact)
many projects in District 23 offer spectacular views of greenery not
commonly found in land-scarce Singapore. Compared to Bukit Timah, D23
will be more vibrant in the near future, as it is progressively being
developed.”

INVESTOR ADVANTAGE

Investors who may
have an interest in District 23 would do well to move quickly, thanks to
its many impending developments. Goh advises potential investors to
capitalise on the “early mover advantage” before the Downtown Line
commences operations.

He says, “Projects near the upcoming MRT
stations are considered good investments, as more job opportunities are
expected in the nearby Mandai Industrial Estate and Sungei Kadut
Industrial Estate for additional potential tenants, in addition to those
working in the city and who prefer a more tranquil living environment.”


HOUSING MARKET BOOM

With upcoming residential
developments such as Eco Sanctuary, Foresque Residences and The
Skywoods, District 23’s private housing market in particular looks set
to enjoy good take-up rates, especially from HDB upgraders staying in
nearby areas.

Goh says, “Residents can look forward to upcoming
projects launching in 2015 and 2016, such as Foresque Residences.
Besides full condominium facilities and a half basketball court, (it
also features) unique cabana units and penthouses. A rooftop observatory
on the 25th level offers spectacular views as well.”


Artist’s impression of Eco Sanctuary

“Eco
Sanctuary, on the other hand, offers a prestigious address on Chestnut
Avenue (one of Singapore’s 39 GCB addresses), and with its premium
finishing available in three unique themes, buyers are spoilt for
choice. Each unit comes with at least a 3.4-metre ceiling height for
that spacious feel, and the Sky Clubs on level 14 in all three towers
give homeowners additional space for hosting events while enjoying
breathtaking views of the landed enclave, reservoirs and lush greenery.”

Other attractive developments in District 23 include The
Skywoods, Hillion Residences, The Lanai and Hillview Peak, each with its
own unique theme to appeal to buyers and investors, promising to make
the district even more vibrant.

Goh opines, “I foresee that
housing prices in this area will be stable in 2014, due to the measures
and policies in place, with no major price movements.”

Recent District Watch articles you may have missed:

District Watch: District 13

District Watch: District 18

District Watch: District 14

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agency logo
Shandy Tong
Senior Associate Director
ORANGETEE & TIE PTE LTD
shandytong@yahoo.com.sg
CEA Licence No.:
L3009250K / R006026J
(+65) 8288 8078
(+65) 9029 6282
 


 
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