Southbank

Southbank is a leasehold (99 yrs from 2006) apartment completed in 2010. It is developed by KINGS & QUEENS DEVELOPMENT PTE LTD. The development occupies a land area of 3,850 sqm and a Gross Floor Area of 18,100 sqm. It consists of 197 units. According to records, buyers of this development are Singaporean 80.9%, PR 10.3%, Foreigner 7.3%, Company 1.3%.

SOUTHBANK is located along North Bridge Road in Kallang, in District 7. It is accessible through the nearest MRTs including Lavender EW11 and Nicoll Highway CC5.

Based on transaction data in the last 12 months, sale prices range from S$ 1,695 psf to S$ 1,878 psf at an average of S$ 1,816 psf. Its highest recorded transaction was S$ 1,940 psf in Feb 2013 for a 614-sqft unit. Its lowest recorded transaction was S$ 520 psf in Jul 2006 for a 969-sqft unit. Its current rental yield is at 3.9%. Other nearby amenities include: 3 Grocerie(s): MAHOTA FOOD PTE. LTD., LOH NYEN YIU, COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Shopping Mall(s): THE CONCOURSE SHOPPING MALL, GOLDEN LANDMARK SHOPPING COMPLEX, EMINENT PLAZA.

Buyers and tenants are attracted to District 7, which consists of Beach Road, Bugis, the Golden Mile, Middle Road and Rochor areas. Most of the properties in this district are commercial properties with a small selection of residential properties. Home buyers looking for Bugis properties can choose from a small selection of HDB flats off Middle Road, at Bras Basah Complex and at Rochor Centre. The private residential properties at Bugis are similarly scarce, with projects such as Duo Residences and Midtown Modern witnessing strong demand. Shopping and dining options abound in District 7, with many malls in the area including Bugis Junction and Bugis+. Many hotels such as the Intercontinental Singapore, Carlton Hotel and Raffles Hotel are located within the district or in close proximity to cater to tourists visiting the region.

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.