The broad, leafy boulevards to the west of the Orchard Road shopping district have been relatively quiet compared to the bustling eastern end but change is in the wind.
The precinct - which stretches from Far East Shopping Centre to Tanglin Mall - is a fairly posh one, populated by wealthy expatriates in ageing luxury apartments and dotted with embassies. These upscale homes have seen limited sales activity in recent months given the downturn in the luxury market, note consultants, but the area could get a second wind if potential redevelopment plans take flight.
The catalyst could be the upcoming Orchard Boulevard MRT station on the Thomson Line, which is expected to be completed near Camden Medical Centre by the end of 2021.
Tagged in:
Cuscaden Residences Singapore
Developments of Orchard Road
Orchard Boulevard MRT Station
Private Residential Freehold Property Price Index
Private Residential PPI in Core Central Region CCR
Property investments of foreigners
Singapore shopping belt
St Regis Residences Singapore
Thomson Line MRT TSL