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The Greater Southern Waterfront, which extends from Pasir Panjang to Marina East, will be transformed into a new major gateway and location for urban living along Singapore’s southern coast. This transformation set to benefit the area located around it.
Development will be taking place in phases, starting with the former Pasir Panjang Power District, Keppel Club and Mount Faber in the next 5 to 10 years from 2019. Areas like Redhill, Queenstown & Tiong Bahru which are already established estates are located in between these transformation. Waterfront city homes set to be more expensive when most people predict HDB likely cost more than $1mil dollars.
Five years ago, URA masterplan already factor 1000 ha of land for redevelopment. In 2019, it double to 2000 ha of area em-compass Sentosa, Pulau Brani and Keppel Club. 9000 new HDB and private homes will be planned. Stirling Residences is the only new development with massive land size which is walking distance to MRT station too. It’s strategic location of Stirling Residences will benefit future potential of price appreciation. Let look further below for price comparison.
Landmark Tower was enbloc in May 2019. Despite not close to MRT station, it managed to secure a respectable price. With the potential breakeven price at $1947 PSF, future selling price set to cross $2,100 PSF.
Chinatown Plaza is a freehold mix development. It caught many by surprised with high price. It did enbloc and potential breakeven price at $2530 PSF. Going forward, many developments near GSW definitely cross $2,500PSF as transformation take place and ongoing.
Is Stirling Residences a good buy? Being the largest development in District 03 in term of land-size and units, it certainly benefits home owners as developer will release the units in phrases. Initial phrase the price will be the lowest as compare closer to TOP stage. Can we still buy Stirling Residences even though the foundation had completed?
Our Take for Stirling Residences
The Pros and Cons:
You might like Stirling Residences if you:
- Enjoy the breezing view on elevated ground yet near mrt
- Ample communal facilities to enjoy
- Privacy among its unit as no units face one another
You might not like Stirling Residences if you:
- The road entrance leading to Stirling Residences might have issue especially peak hours
- Long balcony leading to bedroom
- No windows in bathrooms
With future launches edging closer to $3,000 PSF barrier, purchasing a unit in Stirling Residence is safe bet with lower risk and potential to sell higher in future at their competitors’ break-even price. Ultimately, it is rare to own a piece of the largest development in District 03. Make an appointment here or simply connect with us
This review is solely done by Littlereddotproperty.sg. All information, calculations, charts and plans are current at the time of publication and are subject to change. All facts & figures are believed to be accurate as much as possible using various real estate subscribed tools but shall not be regarded as statements or representations of fact.