Paterson Residence

Paterson Residence is a freehold condominium completed in 2008. It is developed by FIRST CAPITAL REALTY PTE LTD and designed by CPG CONSULTANTS PTE LTD. The development occupies a land area of 7,776 sqm and a Gross Floor Area of 16,330 sqm. It consists of 110 units. According to records, buyers of this development are Singaporean 44.9%, PR 15.7%, Foreigner 28.7%, Company 10.6%.

PATERSON RESIDENCE is located along Paterson Road in River Valley, in District 9. It is accessible through the nearest MRTs including Orchard TE14, NS22 and Great World TE15. The nearest schools are ERC INSTITUTE and LUFTHANSA TECHNICAL TRAINING GMBH.

Based on transaction data in the last 12 months, sale prices range from S$ 2,433 psf to S$ 2,565 psf at an average of S$ 2,490 psf. Its highest recorded transaction was S$ 2,775 psf in Oct 2010 for a 1,658-sqft unit. Its lowest recorded transaction was S$ 1,155 psf in Dec 2005 for a 969-sqft unit. Its current rental yield is at 2.1%.

Other nearby amenities include: 3 Childcare Centre(s): LITTLE VILLAGE ON THE GRANGE, SAFARI HOUSE PRESCHOOL RIVER VALLEY, SAM'S EARLY LEARNING CENTRE PTE LTD, and 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, ISETAN (SINGAPORE) LIMITED?, SUPERNATURE PTE LTD, and 3 Kindergarten(s): Little Hands Montessori Kindergarten, Little Raindrops Montessori Pre-School, Kay Poh Road Baptist Kindergarten, and 3 Shopping Mall(s): ION ORCHARD, ORCHARD TURN, WHEELOCK PLACE.

Buyers and tenants are attracted to District 9, which includes Orchard Road, River Valley and Cairnhill. This district is part of Singapore’s Central Business District and has become a must-visit spot for Singapore tourists. Spanning almost 2.2km, Orchard Road represents one of Singapore’s best retail, dining and entertainment boulevards, catering to any taste or budget and ranging from luxury brands to high street fashion. District 9 has a huge selection of exclusive cosmopolitan bistros and on the other end of the scale, a number of popular international fast food restaurants. Fronting Orchard Road, ION Orchard Mall is home to designer brands, as well as Sephora’s largest store in the area. Another major shopping mall in this district is Great World, which caters to locals, with a Cold Storage supermarket, Best Denki electrical store, and Golden Village Cinema. Cairnhill is home to the first freehold Ritz-Carlton property in Asia - the Ritz-Carlton Residence. This property sets a new standard of luxury living in Singapore as these homes feature magnificent finishings, excellent facilities and exemplary services from the legendary The Ritz-Carlton.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.