You might have already heard of million dollar HDB flats in Central Singapore such as The Pinnacle@Duxton. Today, 5-room HDB flats in Redhill, Queenstown, Tiong Bahru are going at over S$1,200,000. Will prices soar even higher?
District 3 comprises Commonwealth, Queenstown, Redhill and Tiong Bahru. An enclave with bursting rustic charm, hipster vibes, quaint cafes and the convenience of being located next to Singapore’s Central Business District. The region is well-known for its million-dollar HDB flats with views of Sentosa’s fireworks, Singapore Flyer and city skyline.
But what’s the secret behind District 3?
Introducing the Greater Southern Waterfront (GSW) – 6 times the size of Marina Bay, with 30km of coastline in total. Residentials in a waterfront location coupled with business traction will indeed fetch a higher valuation, very much like striking lottery.
It is a new chapter in Singapore’s real estate landscape, featured as a new ‘live, work and play’ precinct, holding significant opportunities for developers, businesses, investors and home buyers. More home buyers are putting attention to this region since the growing interest of the GSW having been discussed over the National Day Rally.
Should you consider getting a unit in District 3 and ride on the wave to capital appreciation? Do you own a unit in District 3? How does the GSW impact your property’s valuation today?
My name is Jen Tan, don’t be afraid to ask me any questions! I would love to hear from you soon.