The Clift

The Clift is a leasehold (99 yrs from 2004) apartment completed in 2011. It is developed by NATWEST DEVELOPMENT PTE LTD and designed by DP ARCHITECTS PTE LTD. The development occupies a land area of 1,819 sqm and a Gross Floor Area of 20,378 sqm. It consists of 312 units. According to records, buyers of this development are Singaporean 56.8%, PR 13.8%, Foreigner 25.7%, Company 3.5%.

THE CLIFT is located along Mccallum Street in Downtown Core, in District 1. It is accessible through the nearest MRTs including Telok Ayer DT18 and Tanjong Pagar EW15.

Based on transaction data in the last 12 months, sale prices range from S$ 1,895 psf to S$ 2,090 psf at an average of S$ 1,997 psf. Its highest recorded transaction was S$ 3,085 psf in Sep 2012 for a 1,076-sqft unit. Its lowest recorded transaction was S$ 1,019 psf in Jul 2006 for a 775-sqft unit. Its current rental yield is at 4.8%. Other nearby amenities include: 3 Grocerie(s): LITTLE FARMS PTE. LTD., AP HOUSE PTE. LTD., HONG HENG SENG, and 3 Shopping Mall(s): INTERNATIONAL PLAZA, CHINA SQUARE CENTRAL, CHINA SQUARE CENTRAL - CHINA COURT.

Buyers and tenants are attracted to District 1, which covers areas such as Cecil, Raffles Place, Marina, People’s Park and Boat Quay. District 1 is home to the largest financial hub in Singapore, spanning from Raffles Place to Marina Bay, an area built on reclaimed land. Dubbed the “Wall Street” of Singapore, Raffles Place and Marina Bay have the highest concentration of Grade A offices - highly sought-after by financial institutions and professional service firms. Apart from business activities, District 1 is also a popular destination for recreational activities and tourism. Situated right next to the Central Business District is Boat Quay positioned at the mouth of the Singapore River. Once the busiest quay in Singapore, Boat Quay has transformed into a popular hang-out place for food and drinks, featuring an eclectic mix of high-end restaurants, alfresco dining and bars. Comprised of high-end developments, houses in District 1 are highly popular amongst both local and foreign home-buyers.

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.