CAIRNHILL 16 AGENT SALES KIT - Not for circulation and not to send to consumers.
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CAIRNHILL 16 AGENT SALES KIT
Not for circulation and not to send to consumers.
NAVIGATION
Project Info Location Vicinity Site Plan Schematic
Floor Plans Fittings Market Analysis Rental Analysis CMA
Limited Future CCR Resale VS No Oversupply ABSD Concerns
Freehold Supply Prices Trending New Launch In The Market
in District 9 Towards
$4000psf
2030: Double Orchard
The Price Masterplan
PROJECT INFO ß Back to navigation
• TSKY is a residential and mixed-use property developer in Singapore. As a JV
between industry veterans Tiong Seng and Ocean Sky, we are able to tap on
the expertise and experience of our parent companies as well as explore
better ways to design and build contemporary properties.
• When designing our properties, we always take the time to understand and
address how customer needs are changing. When building our properties, we
are able to always consider and evaluate new technology to create smart
spaces that work for people. With us, you will always enjoy properties with the
best of form and function.
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PROJECT INFO ß Back to navigation
PROJECT INFO ß Back to navigation
PROJECT TEAM ß Back to navigation
PROJECT INFO
Eco-luxury
Ecologically and socially responsible – prestigious Greenmark Gold Plus certification
Selection of environmentally friendly materials - Textured natural paint,
environmentally friendly Hybrid engineered wood flooring,
Green Initiatives – dedicated recycling chute, energy efficient fittings
Energy Efficient Fittings – LED lighting, energy efficient air conditioning system and applicances
Eco-friendly universal electric vehicle chargers for the residents to use
Curated artwork featured in the common spaces
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LOCATION ß Back to navigation
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CAIRNHILL ß Back to navigation
SCHOOLS
• Raffles Girls School
• Singapore Chinese Girls School
• ACS (Barker Road)
• ACS Junior
• River Valley Primary School
• St Margaret’s Primary School
ß Back to navigationMEDICAL
• Mount Elizabeth Hospital
• Paragon Medical Centre
ß Back to navigationTRANSPORT ß Back to navigation
SITE PLAN & FACILITIES ß Back to navigation
SITE PLAN
Common spaces/ facilities
The grand and lush entrance lobby at the first storey exudes
elegance and sophistication, welcoming the residents and guiding
them to the luxurious lift lobby.
Despite having a small site area, the landscape design for
Cairnhill Heights capitalizes on vertical greening with two
sky terraces and a landscaped roof top creating a landscape
experience which is magnified and makes the ground space feel
bigger than it is. A series of manicured geometric wave lines were
introduced onto the ground plane, breaking up the linearity of the
building architecture with parts of the groundscape disappearing
into the woods.
These lines were inspired by landforms displaying geometrically
repetitive movements and rhythmic folding patterns that slip and
slide. They are used to guide the forming of all landscape
components of the ground level, translating them into landscape
amenities such as swimming pool, water features, passageway,
planters, seatwalls, pavement patterns etc.
>40% landscape replacement area These amenities will cater to the diverse lifestyle aspirations of the
users and provide a holistic living environment for the residents.
ß Back to navigationSITE PLAN
Facilities - Ground floor
• Entrance drop-off featuring 16 water candles
as a strong focal and memorable physical address
for the development
• Lobby textured feature wall gives an illusion of
movement, which uplifts and inspires arrival.
• A 20m azure pool appears as it originates from the
woods, gently vanishing over an infinity edge beckoning
residents for a rejuvenating afternoon respite.
• An iconic 2-storey multipurpose pavilion with a feature
tree that overlooks to the pools and landscape
in the development.
• A kid’s pool with water bubblers.
• A long linear 3-4m tall green cage was proposed
creating a cosy, private secluded corner for a Jacuzzi
Pool with a trellis above it.
• Indoor gym – overlooking the landscape and pool.
ß Back to navigationSITE PLAN
2nd Storey Fitness Terrace
To allow users to enjoy fitness
activity in a natural setting, having a
holistic approach to wellness
ß Back to navigationSITE PLAN
7th Storey Reading Terrace
A landscape area with casual outdoor
furniture to allow users to Indulge and
contemplate in the surrounding greenery.
ß Back to navigationSITE PLAN
Roof Terrace
A Teppanyaki themed outdoor dining with refined facilities
such as a wine cooler/ fridge, electrical/ gas operating hot plate,
granite counter top with sink and adequate seating.
A BBQ charcoal grill themed outdoor dining experience with facilities
such as grill pit, granite countertop with sink and adequate seating.
Linear water feature with bubblers and undulating planters at the
background that give an upscale touch to the development as a point of interest.
ß Back to navigationSCHEMATIC DIAGRAM ß Back to navigation
SCHEMATIC DIAGRAM
• Private lift access for all units
• Unit layout – meticulously designed with efficient use of space
• Wide frontage – Living Dining areas side by side with flexibility for reconfiguration
• Daylighting – full height curtain wall wraps around the corner of bedrooms to offer wide view angles
• High Ceiling – 3.2 and 2.8 for all units. Additional height (4.2m and 2.8m) for 14th Storey units.
• Luxurious fittings – imported kitchen, luxury branded kitchen appliances, rose gold luxury branded
sanitary fittings, etc
• Balcony Customised / bespoke sunshading screens provided for Type CS and Type D units along
West facing façade (optional)
ß Back to navigationUNITS BREAKDOWN ß Back to navigation
FLOOR PLANS ß Back to navigation
FLOOR PLANS: 2 BEDROOM ß Back to navigation
FLOOR PLANS: 3 BEDROOM ß Back to navigation
FLOOR PLANS: 3 BEDROOM + STUDY ß Back to navigation
FLOOR PLANS: 4 BEDROOM ß Back to navigation
FITTINGS & FIXTURES ß Back to navigation
FITTINGS & FIXTURES ß Back to navigation
MARKET ANALYSIS ß Back to navigation
WHAT’S IN THE VICINITY ß Back to navigation
RENTAL ANALYSIS
The Peak @ Cityvista
Description The Vermont Hilltops Helios Residences Vida
Cairnhill Residences
Est. TOP 2014 2013 2011 2011 2010 2009
1 BR $2800 $3050 - - - $2700
2 BR - $4200 $7050 $6000 - $3600
3 BR - $6500 $9500 $7400 $6650 -
4 BR - $8100 $14000 $9500 $9000 -
Median PSF $5.30 $5.25 $7.15 $4.90 $3.50 $4.90
HIGHEST PSF $6 $7.40 $16.92 $6.12 $4.81 $7
Estimated rental from past transaction. Source: SRX
ß Back to navigationRENTAL ANALYSIS
Assumptive 2 BR 3 BR 3 BR 4 BR
PSF + Study
$6 Est $4650 Est $6330 Est $7750 Est $10,400
$7 Est $5425 Est $7385 Est $9000 Est $12,200
$8 Est $6200 Est $8440 Est $10,300 Est $13,900
ß Back to navigationKYC
Dist Project Tenure Est TOP Total Unit 1rm Size 1rm Psf 1rm Quantum
9 Lloyd Sixtyfive ( TOP sales) FH 2016 76 603 $ 3,939 $ 2,375,000
9 8 Hullet FH 2021 44 538 $ 3,400 $ 1,829,200
9 The Scotts Tower (TOP Sales) 103yrs 2017 231 624 $ 3,425 $ 2,137,451
9 Scotts Square ( TOP sales) FH 2014 338 624 $ 3,525 $ 2,199,300
10 Fourth Ave Residences 99yrs 2022 476 484 $ 2,231 $ 1,080,000
10 Wilshire Residences FH 2013 85 463 $ 2,592 $ 1,200,000
10 Petit Jervois FH 2022 55 581 $ 2,754 $ 1,600,000
10 3 Cuscaden FH 2021 96 420 $ 3,733 $ 1,568,042
10 Cuscaden Reserve 99yrs 2022 192 700 $ 3,369 $ 2,358,000
10 The Hyde FH 2022 117 465 $ 2,802 $ 1,387,000
Dist Project Tenure Est TOP Total Unit 2rm Size 2rm Psf 2rm Quantum
9 Martin Modern 99yrs 2022 450 764 $ 2,596 $ 1,893,000
9 The Peak@Cairnhill II (TOP sales) FH 2015 60 829 $ 2,850 $ 2,363,000
9 Lloyd Sixtyfive ( TOP sales) FH 2016 76 1830 $ 3,011 $ 5,147,000
9 RV Altitude FH 2022 140 441 $ 3,256 $ 1,436,000
9 8 St Thomas ( TOP Sales) FH 2018 250 807 $ 3,173 $ 2,561,000
9 Hilltop Residences (TOP Sales) FH 2012 240 1335 $ 3,446 $ 5,000,000
9 8 Hullet FH 2021 44 797 $ 3,468 $ 2,764,293
9 The Scotts Tower (TOP Sales) 103yrs 2017 231 807 $ 3,716 $ 2,998,516
9 The Peak @ Cairnhill II (TOP Sales) FH 2015 60 829 $ 2,850 $ 2,363,000
10 Fourth Ave Residences 99yrs 2022 476 646 $ 2,195 $ 1,418,000
10 Wilshire Residences FH 2013 85 646 $ 2,554 $ 1,650,000
10 Juniper Hill FH 2022 115 581 $ 2,689 $ 1,592,000
10 3 Orchard By The Park ( TOP Sales) FH 2018 77 1066 $ 3,100 $ 3,305,000
10 120 Grange FH 2021 56 570 $ 3,242 $ 1,848,000
10 Boulevard 88 FH 2022 154 1313 $ 3,393 $ 4,455,000
10 Cuscaden Reserve 99yrs 2022 192 807 $ 3,423 $ 2,762,600
10 The Hyde FH 2022 117 678 $ 2,801 $.
1,899,000
Disclaimer: Prices are subjected to changes without notice, please confirm prices with respective projects IC. Last updated as of 11th Dec 2019
ß Back to navigationKYC
Dist Project Tenure Est TOP Total Unit 3rm Size 3rm Psf 3rm Quantum
9 Lloyd Sixtyfive ( TOP sales) FH 2016 76 2422 $ 2,889 $ 6,996,000
9 Martin Modern 99yrs 2022 450 1087 $ 2,860 $ 3,108,900
9 8 St Thomas ( TOP Sales) FH 2018 250 1302 $ 3,069 $ 3,996,000
9 Hilltop Residences (TOP Sales) FH 2012 240 1550 $ 3,548 $ 5,500,000
9 The Scotts Tower (TOP Sales) 103yrs 2017 231 1227 $ 3,829 $ 4,697,792
9 TwentyOne Angullia Park (TOP Sales) FH 2014 54 2260 $ 3,995 $ 9,028,000
10 Wilshire Residences FH 2013 85 840 $ 2,651 $ 2,227,000
10 Juniper Hill FH 2022 115 958 $ 2,730 $ 2,615,000
10 Boulevard 88 FH 2022 154 1776 $ 3,302 $ 5,864,000
10 Cuscaden Reserve 99yrs 2022 192 1152 $ 3,658 $ 4,214,000
10 The Hyde FH 2022 117 1,249 $ 2,799 $ 3,496,000
Dist Project Tenure Est TOP Total Unit 4rm Size 4rm Psf 4rm Quantum
9 Martin Modern 99yrs 2022 450 1733 $ 2,588 $ 4,485,000
9 8 St Thomas ( TOP Sales) FH 2018 250 1744 $ 3,174 $ 5,536,000
9 Hilltop Residences (TOP Sales) FH 2012 240 2465 $ 3,550 $ 8,750,000
9 The Ritz-Carlton Residences ( TOP sales) FH 2011 58 2831 $ 3,900 $ 11,040,000
9 Le Nouvel Ardmore (TOP Sales) FH 2014 43 3961 $ 4,494 $ 17,800,000
10 Wilshire Residences FH 2013 85 1270 $ 2,700 $ 3,430,400
10 The Oliv@Balmoral ( TOP sales) FH 2013 23 3337 $ 3,207 $ 10,700,000
10 Juniper Hill FH 2022 115 1970 $ 2,797 $ 5,511,000
10 White house Residence ( TOP sales) FH 2013 12 3100 $ 2,951 $ 9,149,400
10 3 Orchard By The Park ( TOP Sales) FH 2018 77 2260 $ 3,500 $ 7,910,000
10 Boulevard 88 FH 2022 154 2756 $ 3,651 $ 10,063,200
10 The Hyde FH 2022 117 1572 $ 2,799 $ 4,400,000
Disclaimer: Prices are subjected to changes without notice, please confirm prices with respective projects IC. Last updated as of 11th Dec 2019
ß Back to navigationCMA
Disclaimer: Prices are subjected to changes without notice, please confirm prices with respective projects IC. Last updated as of 11th Dec 2019
ß Back to navigationMARKET SENTIMENTS ß Back to navigation
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ß Back to navigation BUSINESS TIMES: 6 Jun 2019 Source: URA, ERA Research
GLS CONFIRMED LIST
Source: URA, ERA Research
ß Back to navigationTODAY: 11 AUG 2018 Source: URA, ERA Research
ß Back to navigationSource: URA, ERA Research ß Back to navigation
UPCOMING SUPPLY IN D9 & D10
Potential no. of
Location / Project Name Developer Land Cost (psf / ppr)
units
The Avenir 376 Hong Leong / Guocoland / Hong Realty $1,806
The Iveria (Riviera Point) 51 Macly Group $1,461
The Atelier (Makeway View) 154 Bukit Sembwang Estates $1,626
Hyll on Holland
179 FEC Properties $1,654 - $1,703
(The Estoril & Hollandia)
Van Holland (Toho Mansion) 97 Koh Brothers $1,805
15 Holland Hill (Olina Lodge) 128 Kheng Leong $1,712
Leedon Green (Tulip Gardens) 670 Yanlord / MCL Land $1,790
City Towers 190 Cheung Kong $1,847
One Holland Village 200+ Far East $1,888
Cairnhill 16 (Cairnhill Heights) 42 Tiong Seng / Ocean Sky $1,914
Cairnhill Mansions 200 Low Keng Huat $2,311
Eden 20 Swire Properties $2,526
14/14A Nassim Road 86 Shun Tak $2,744
Park House 120 Shun Tak $2,910
KOPAR @ Newton
435 CEL $1,192
Kampong Java Road (GLS)
Total 2,948+
Source: URA, ERA Research
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SURGE IN LUXURY HOME SALES
>$3500PSF
Source: URA, ERA Research
ß Back to navigation“We have not seen those
numbers (of foreigners buying
super luxury homes in
Singapore) since the first
quarter of 2007.”
SCMP: 25 Sep 2019
Source: URA, ERA Research
ß Back to navigationUPCOMING PRICES TRENDING
TOWARDS $4000 PSF
$3136.97
The Avenir (D9, CS) $2,727.80
$1,806
$3,187.80
Crystal Tower (D10, CS) $2,772.00
$1,840
$3,198.27
City Towers (D10, CS) $2,781.10
$1,847
$3,259.56
One Holland (D10, GLS) $2,834.40
$1,888
Cairnhill Heights (D9, CS)
$3,494.28
$3,038.50
??
$2,045
$3,805.24
Royal Oak Residences (D10, CS) $3,308.90
$2,253
$3,893.44
Cairnhill Mansion (D9, CS) $3,385.60
$2,312
$3,990.62
Cuscaden Reserve (D10, GLS) $3,470.10
$2,377 $4,787.45
Park House (D10, CS) $4,163.00
$2,910
Est Selling $PSF Breakeven Price Sold
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Source: URA, ERA Researchß Back to navigation
DEVELOPER’S PRICING PHASE STRATEGY
First Mover Advantage
1) Developers will launch in phases
2) Prices will increase for every phase
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New launch:
Approx $17xx psf
Resale:
Approx $13xx psf
ß Back to navigationNew launch:
Approx $22xx psf
Resale:
Approx $22xx psf
ß Back to navigationCONCLUSION
1. First-mover advantage
2. Newer facilities and more attractive features
3. Lower cost of maintenance and repairs
4. Wider range of unit choices
5. Prices will increase for every phase
ß Back to navigationCCR NEW LAUNCHES
RESALE CONDOS
44% PRICE GROWTH.
38% PRICE GROWTH.
New Launches median
price growth $531 psf
Resale Condos median price
growth $383 psf
Ave. size = 1,330 sqft
Price growth disparity
Source: URA, ERA Research and Consultancy
$196,840
ß Back to navigationCCR RESALE CASE STUDY:
THE SAIL (COMPLETED 2008)
Address Area (sqm) Transacted Unit Price ($psf) Sale Date
Price
2 Marina Boulevard 62 $1,274,000 Dec 2014
#1X-XX $1,792
2 Marina Boulevard 62 $1,368,000 $2,123 Feb 2019
#1X-XX
Profit: $94,000
Source: URA, ERA Research and Consultancy
ß Back to navigationCCR NEW LAUNCH CASE STUDY:
MARINA ONE RESIDENCES (LAUNCHED 2014)
Address Area (sqm) Transacted Unit Price ($psf) Sale Date
Price
21 Marina Way 65 $1,496,700 $2,139 Oct 2014
#1X-XX
21 Marina Way 65 $1,700,000 $2,430 Feb 2019
#1X-XX
Profit: $203,300
216% more than resale condo!
Source: URA, ERA Research and Consultancy
ß Back to navigationRCR NEW LAUNCHES
RESALE CONDOS
33% PRICE GROWTH.
28% PRICE GROWTH.
New Launches median
price growth $352 psf
Resale Condos median price
growth $197 psf
Ave. size = 1,050 sqft
Price growth disparity
$162,750
Source: URA, ERA Research and Consultancy
ß Back to navigationRCR RESALE CASE STUDY:
THE METROPOLITAN CONDOMINIUM (COMPLETED 2009)
Address Area (sqm) Transacted Unit Price ($psf) Sale Date
Price
8 Alexandra View 130 $1,870,000 $1,336 Oct 2014
#3X-XX
8 Alexandra View 130 $2,012,000 $1,438 Feb 2019
#3X-XX
Profit: $142,000
Source: URA, ERA Research and Consultancy
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DEVELOPER’S TRACK RECORD
• Atra in D3
• Parc Emily in D9
• Hilltops in D9
• Wilkie Studio in D9
• The Wharf Residence in D9
• Volari @ Balmoral in D10
• Sloane Residences in D10
• The Panorama in D20
• Eco Sanctuary in D23
• …and many more
ß Back to navigationNO OVERSUPPLY IN THE MARKET ß Back to navigation
UNSOLD INVENTORY LEVELS
BELOW AVERAGE
35
ß Back to navigationUNSOLD INVENTORY WILL START FALLING AS
HOME SALES OUTPACE THE SHARP
SLOWDOWN IN LAND ACQUISITIONS.
3Q’18 Potential Supply low at ~45,000 compared to historical high of ~68,000 (2Q’11)
Assuming a 5y cycle, annual new units launch rate of ~9,000 units
80,000 160
Non-Landed Residential Units in the
URA Residential Price Index
70,000 140
60,000 120
50,000
100
40,000
Pipeline
80
30,000
60
20,000
10,000 40
0 20
Planned Private Resi & EC Units with and without Pre-requisites for sale and unsold Period URA Property Price Index
ß Back to navigationSHARP SLOWDOWN IN LAND
ACQUISITIONS
No more new projects Fewer new projects
from Enbloc Sales from GLS
ß Back to navigationPIPELINE SUPPLY ALREADY
STARTING TO DROP
Falling Pipeline Supply Fewer confirmed GLS list
(From En bloc & GLS) (Condo & EC)
ß Back to navigationPRIVATE HOUSING SUPPLY BELOW
HISTORICAL HIGH & SET TO FALL.
• Developers likely keep pricing firm and pace their launches for 2019
• 15y average annual new sales of ~12,200 units
• > than annual new launch rate of ~9,000 units
Uncompleted & Completed
25,000 $1,800
Private Residential Units
$1,600
20,000 $1,400
$1,200
15,000 $1,000
Sold
$800
10,000
$600
$400
5,000
$200
0 $0
New PrrivateHome Sales
Buying opportunities
Source: URA, ERA Research
ß Back to navigationABSD ß Back to navigation
ABSD IS HAPPENING EVERYWHERE
Hong Kong
30%
New South British
Wales Columbia
8% 20%
Highest ABSD Rate Singapore
for Foreigners 20%
United Toronto
Kingdom
15%
12%
Vancouver
15%
Source: Christie White Paper 2018, Wealth Seminar – Calvin Sin
ß Back to navigationSINGAPORE PROPERTY PRICES INCREASED
2.6X TO 3X IN LAST 15 YEARS!
$3,000
$2,500 CCR New Home Price PSF TRIPLED in last 15 years ($899psf - $2,704psf) – Fuelled by foreigner Demand
Median Price PSF
$2,000
RCR New Home Price PSF increased 2.8x in last 15 years ($615psf - $1,736psf)
$1,500
$1,000
$500
OCR New Home Price PSF increased 2.6x in last 15 years ($506psf - $1,331psf)
$0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018YTD
Period
OCR Median Price PSF RCR Median Price PSF CCR Median Price PSF
Source; URA, ERA Research
ß Back to navigationMORGAN STANLEY:
PROPERTY PRICE TO DOUBLE BY 2030
ß Back to navigation2017
(Morgan Stanley)
ß Back to navigationProperty prices is
forecast to rise by
5% each year on a
per square foot
(psf) basis from
2018 to 2030.
-Morgan Stanley
Source: Business Times, 14 Apr 2017
ß Back to navigationYear Price ($psf)
2017 $1,000.0
2018 $1,054.8
2019 $1,112.6
IN ORDER FOR PRIVATE 2020 $1,173.6
RESIDENTIAL PROPERTY 2021 $1,237.9
2022 $1,305.7
PRICE TO DOUBLE BY 2023 $1,377.3
2030, THERE MUST BE 2024 $1,452.7
2025 $1,532.4
5.48% P.A. GROWTH. 2026 $1,616.3
2027 $1,704.9
2028 $1,798.3
2029 $1,896.9
2030 $2,000.8
ß Back to navigationOVERALL PRIVATE PROPERTY PRICE INDEX HAS BEEN
ON UPTREND SINCE 2017
All residential properties price index
(exclude EC)
* Flash estimate
Source: URA, ERA Research & Consultancy
ß Back to navigationNATIONWIDE PRIVATE PROPERTY PRICE
ANNUAL GROWTH RATE > 5%
FOR YEAR 2018 & 2019
CCR RCR OCR
All Private Nationwide Non- Non- Non-
Residential* Non-landed* landed* landed* landed*
2018 + 7.9% + 8.3% + 6.7% + 7.4% + 9.4%
1Q - 3Q
2019 + 2.1% + 2.7% + 0.1% + 6.0% + 2.1%
*Note: Rate of annual growth of property price index
Source: URA, ERA Research & Consultancy
ß Back to navigationPRICES FOR NEW LAUNCHES
ARE CONSISTENTLY INCREASING IN PAST 5 YEARS
Median unit price ($psf) of New Launches
+1.9%
+12.0%
+4.0%
+8.1%
Source: URA, ERA Research & Consultancy
ß Back to navigationMEDIAN PRICES FOR NON-LANDED PROPERTIES IN ALL
MARKET SEGMENTS INCREASED > 5% LAST YEAR
+7.9%
+6.9%
+9.9%
Source: URA, ERA Research & Consultancy
ß Back to navigationORCHARD MASTERPLAN ß Back to navigation
MP 2019 - ORCHARD • To transform Orchard Road into a lifestyle destination • Offer experiences to bring out the unique identity of its four sub-precincts - Tanglin, Orchard, Somerset and Dhoby Ghaut • There are opportunities to introduce new retail concepts, lifestyle attractions and events to enhance the unique experience of each sub-precinct. ß Back to navigation
MP 2019 - ORCHARD ß Back to navigation
NEW LIFESTYLE EXPERIENCE AT
TANGLIN
The conserved Tudor Court can
house a greater diversity of uses,
including arts and cultural
offerings. The covered canal
behind can be turned into an
attractive courtyard space
enlivened with public art and
outdoor dining, making it a focal
area for local residents and hotel
guests.
ß Back to navigationNEW MIXED USE DEVELOPMENTS AT
ORCHARD INTERCHANGE
The vacant State Land parcels at
Orchard Boulevard present
opportunities for exciting mixed-use
developments above the upcoming
Thomson-East Coast Line Orchard
Interchange MRT, which can also be
connected to Orchard Road via
bustling side streets.
Source: URA, ERA Research
ß Back to navigationINCREASE IN PLOT RATIOS: ORCHARD
Source: URA, DBS, ERA Research
ß Back to navigationHIGHER REVISED PLOT RATIOS
– ORCHARD / SOMERSET / DHOBY GHAUT
Source: URA, DBS Bank, ERA Research
ß Back to navigationFUTURE MIXED-USE DEVELOPMENT
IN ORCHARD
• Housing – there will be a future mixed-use
development at the upcoming Thomson-East Coast
Line Orchard Interchange MRT station
ß Back to navigationMP 2019 - ORCHARD ß Back to navigation
MP 2019 - NEW EVENT SPACE AT SOMERSET
The car park at Grange Road
has hosted retail and F&B
events.
With rapid evolving trends and
demand for more events, the
car park can be transformed
into a dedicated events space
with dining and
entertainment to form a
cluster of lifestyle offerings
with the Design Orchard
showcase across the street.
ß Back to navigationMP 2019 - AN OASIS IN THE CITY AT
DHOBY GHAUT
Source: URA, ERA Research
The existing green open spaces above Dhoby Ghaut MRT station
provide respite from the hustle and bustle of Orchard Road.
The large mature trees, wide open spaces and pleasant shade stand in
contrast with the surrounding hotels and shopping malls
ß Back to navigationCONCLUSION
Wherever transformation is, it attracts
foreign and local investors’ attention.
More Attention = More Demand
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