Seasoned property buyers and investors in Singapore look for competitively priced properties in the prime districts, such as the Marina Bay and CBD area of Districts 1 and 2, or the Orchard Road area of Districts 9 and 10. City-fringe districts, those bordering such as District 3 are also gaining popularity due to the rise in e-commerce and work-from-home arrangements.
The Landmark is one of the most recent condominium launches in District 3, located on Chin Swee Road near Chinatown and Outram Park MRT Interchange Stations. Formerly Landmark Tower, The Landmark is a luxury development with 396 units, developed by a developer consortium comprising MCC Singapore, SSLE Development and ZACD Group.
Lee Sze Teck, head of research at Huttons Real Estate Group, says: “The Landmark is situated in a prized location. It is a seven-minute walk to two MRT stations. From Chinatown MRT Interchange, you are just one stop away from Raffles Place and Cecil Street. Another stop will put you in the Marina Bay area. It is very convenient to get around the island. For such a prime location, being priced from $1968 psf makes it a very attractive project.”
In addition, with the completion of the future Thomson-East Coast Line, Landmark owners can reach Shenton Way and Marina Bay within two to three stops via Outram Park Interchange Station. The Orchard Road shopping belt will also be three stops away.
“Based on caveats lodged, The Landmark is one of the more affordably priced new launches in District 3 in the first four months of 2021 – with a median transacted unit price of $2,157 psf,” says Wong Siew Ying, head of research and content at PropNex.
Aside from high-quality luxury fittings and five decks of facilities, all units facing the park towards the south will enjoy views of lush greenery or the city as The Landmark is an exclusive, single tower block next to the nine-hectare Pearl’s Hill City Park, built on elevated ground. On the sky decks, all residents can take in views of the Singapore River and the surrounding city skyline, looking out as far as the sea to the south.
Wong attributes the attractiveness of The Landmark to its location, which is “on the cusp of the central business district (CBD) and right next to the Pearl’s Hill City Park”. She adds: “It offers future residents the convenience of being close to the city centre as well as lush greenery at their doorstep when they wish to seek respite from the daily hustle and bustle.”
For property investors, future developments near The Landmark will expand the tenant pool available and increase the rental yield. “This project ticks the boxes for long-term investors too, as it is next to two important transformation plans — SGH Campus Master Plan and Greater Southern Waterfront (GSW),” says Huttons’ Lee.
Location and rental yield
The SGH Campus MasterPlan will be completed between 2030 and 2035 and span 43 hectares. With interconnected zones for patient care, medical research and education, Lee believes that it will create more jobs in healthcare and research, increasing the tenant pool for The Landmark.
In the longer term, The Landmark will also be a short drive from the future Greater Southern Waterfront, an up-and-coming area six times the size of Marina Bay, extending from Pasir Panjang to Marina East. According to URA’s Master Plan 2019, aside from new residences, offices and lifestyle amenities, which will be built in the next five to 10 years, there will also be new attractions and entertainment options on Pulau Brani.
As The Landmark is located at the edge of the CBD, the project is a short drive to Grade-A office spaces at Raffles Place, Tanjong Pagar and Marina Bay. In the near future, older commercial buildings in the CBD will also be revamped into mixed developments under the CBD Incentive Scheme, which will transform the district into a vibrant precinct.
PropNex Wong says: “There are plans under the URA Master Plan 2019 to connect various green and open spaces, including Fort Canning Park, through Singapore River, and onward to Pearl’s Hill City Park. This would provide an additional recreation amenity for future residents at The Landmark.”
Purchasing a unit at The Landmark at a comparatively low entry price means that rental yield is already high. Given the proximity to future developments, units here stand to benefit from potential capital appreciation.
New launch projects comparable to The Landmark
Source: URA
Luxury at home
The luxury lifestyle offered by the development is reflected in the 60 facilities located on five decks within the building. As the project is built on elevated ground and the communal decks of facilities have double-volume ceilings, The Landmark will be of comparable height to Pinnacle @ Duxton.
On the highest floor, The Peak, you can dine al fresco at The Verandah against the backdrop of Singapore’s gleaming CBD and rows of heritage shophouses, or appreciate the view from the observation deck.
A few floors down, on Level 34, The Social, there are various entertainment facilities that residents and guests can use and enjoy, such as the private function room named The Dinette Sky Lounge. With a generous ceiling height, it is an impressive place to dine and wine while overlooking the city. Other vantage points on this floor include the City Skyline Portico and Sea Horizon Portico.
You can also exercise and unwind with stupendous views at The Sky Gymnasium on Level 14, The Verve, which overlooks the hustle and bustle of the Downtown Core. There is an al fresco fitness corner if you prefer to work out in the morning before heading off to work or after sunset to enjoy the cool night breeze. Conveniently, the jacuzzi aqua spa and the steam rooms are on the same floor.
Families with young children will make the second floor, The Splash Zone, a firm favourite. Not only does it have a 50-metre infinity pool that looks out to Pearl’s Hill City Park, it also has a Children’s Waterpark and paddling pool, which are sure to provide hours of fun.
All units at The Landmark come with sizeable balconies for al fresco dining and relaxation. Kitchen appliances are from Miele and the sanitaryware is from Gessi. The developer has also thoughtfully designed laminated glass windows for the units facing the Central Expressway (CTE) for soundproofing.
For owners who are looking for bigger living spaces with premium exclusivity, all three-bedroom units will come with private lifts only accessible by the three-bedder residents.
Experience luxury living near Singapore’s prime districts with panoramic views at an affordable quantum. With prices starting from $1,968 psf, units at The Landmark make choice homes and investments. One-bedroom units are between 495 and 517 sq ft, two-bedroom units measure 678 to 784 sq ft and three-bedroom units are between 1,076 and 1,141 sq ft.
Visit The Landmark sales gallery and show suites near 79 Indus Road by making an appointment today. Call or send a WhatsApp text to +65 8500 0188.
Website: www.thelandmarksingapore.com