KENT RIDGE HILL RESIDENCES SEES RENEWED BUYING INTEREST

By Kent Ridge Hill Residences / Brought to you by Oxley Holdings | May 31, 2019 12:15 PM SGT
URA Draft Master Plan 2019*
ITS APPEAL INCLUDES PROXIMITY TO THE SOUTHERN RIDGES, THE GREATER SOUTHERN WATERFRONT, THE CIRCLE LINE AND ATTRACTIVE PRICING
Since its launch last November, over 70% of 250 units released at Kent Ridge Hill Residences have been sold, with prices averaging $1,700 psf. Transactions, which had been steady, have picked up significantly since March.
Most property consultants attribute this to the announcement of the URA Draft Master Plan 2019, where the Greater Southern Waterfront has emerged as one of the biggest sites slated for development. “Kent Ridge Hill Residences is sitting right at the doorstep of this new area that is earmarked for transformation,” says Ismail Gafoor, CEO of PropNex. “Those investing in Kent Ridge Hill Residences today will enjoy a first-mover advantage and are likely to benefit from any future price upside.”
Since its launch last November, over 70% of 250 units released at Kent Ridge Hill Residences have been sold at an average selling price of $1,700 psf
DOORSTEP TO THE GREATER SOUTHERN WATERFRONT
Measuring 2,000 ha – six times the size of Marina Bay – the Greater Southern Waterfront will stretch from the Tanjong Pagar port terminal to Keppel Club, all the way to Pasir Panjang port terminal, as well as Sentosa Island and Pulau Brani. Greater Southern Waterfront is positioned as a new, major gateway with new commercial and residential waterfront districts along Singapore’s southern coast. Development will take place in phases in the next 5 to 10 years, starting with the former Pasir Panjang Power District, Keppel Club and Mount Faber.
The Keppel Club site will be redeveloped into a new residential precinct. The disused Power District will be a catalyst for rejuvenation. URA and Singapore Land Authority plan to turn the Power District into a “heritage and lifestyle hub”, and have launched a competition to seek ideas from the public.
Located next to Labrador Nature Reserve, the Power District will be connected to the West Coast Park by the new Pasir...