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Brought to You by
Frasers CentrePoint Limited

Lifestyle Living within
A Mixed Development in the
HEART of Robertson Quay

Overlooking Singapore River

Short walking distance to upcoming
Great World MRT Station
Thomson East-Coast Line

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More Information and Updates!

PROJECT DETAILS

 
 

Singapore Urban Redevelopment Authority (URA) has sold a residential cum commercial mixed development site in Jiak Kim Street, off Kim Seng Road, at the former site of Zouk, as part of Government Land Sales (GLS). This land parcel is bounded by Jiak Kim Street and Kim Seng Road is within the Core Central Region of Singapore. It is under River Valley Planning area and listed under the confirmed list of sites and is allocated to be developed into a residential condominium. It has a land site area of 145,120 square feet of land and is expected to house approximately 525 units.

 

Other developments nearby New Condo include Martin Place Residences, Rivergate, The Tiara, Mirage Tower, Tribeca, The Trillium, The Cosmopolitan, Leonie Hill Residences.

 

New Condo at Kim Seng Road- Connectivity
New and Upcoming Condo in Jiak Kim Street is about 400 metres to upcoming Great World Mrt Station serving the Thomson East- Coast Line, which is due to operate in 2021.
 By then, its future residents will get to enjoy the convenience of traveling to Orchard Road with just 1 train station away. The North South Line is also readily available at Orchard Train Station which helps to shorten traveling time to north of the Singapore. This station will bring residents directly to:

Orchard Station
Shenton Way Station
Marina Bay Station
Marina South Station
Garden by the Bay Station and towards the
East Coast Parkway 


For drivers, New Launch Condo in Jiak Kim Street is approximately 4 minutes’ drive away to the downtown financial district and Marina Bay Financial District. Jiak Kim Street is easily connected to the Central Expressway (CTE) which links to various major Expressways. East Coast Parkway (ECP), Marina Coastal Expressway (MCE). This allow easy island wide driving to many parts of Singapore.

 

New Condo at Kim Seng Road- Amenities
New and upcoming Condo in Jiak Kim Street is a short stroll, approximately 600 m away, to the Great World City where its future residents can access to various retail, eating, leisure and entertainment facilities. It is also less than 1 km away walk to Orchard Road where major shopping malls are plenty such as TripleOne Somerset, Orchard Central, The Heeren, Mandarin Gallery Ngee Ann City and The Centrepoint.


It is a short distance to Robertson Quay, Clarke Quay and Singapore River where there are many bistros and cuisines, which residents of New Condo in Jiak Kim Street will be able to chill out and enjoy. In terms of lifestyle, residents will have choices to many parks and recreation clubs such as Fort Canning Park, Pearl's Hill City Park, Istana Park and Singapore Botanic Gardens. These parks provides peace and tranquility away from the hectic city life. The American Club and Tanglin Club are also a short distance away.

 

New Condo at Kim Seng Road- Education
Local schools which are located within 2 km from New Jiak Kim Street Condo include River Valley Primary School, St. Margaret Primary School, Anglo Chinese Junior School (ACJC), Zhangde Primary School, Outram Secondary School and Gan Eng Seng School. There are tertiary and postgraduate institutions within the vicinity of New Jiak Kim Street Condo an
d they include The University of Chicago Booth School of Business, Nanyang Academy Of Fine Arts and also the Singapore Management University (SMU). International schools which are near to New and upcoming Condo in Martin Place also include The Swedish Supplementary School, The Finnish Supplementary School, The Chatsworth International School (Orchard Campus), Overseas Family School, The ISS International School (Elementary), The Eton House International School and The Insworld Institute.


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Other Developments in
Core Central Region
 

 
 
 
Heart of New
Central Financial District
Marina One Residences
 
 
Heart of Tanjong Pagar
Financial District
Wallich Residence with
181 Limited Collection,
Super Penthouse at 21,108sqft
 

Project  Jiak Kim Street New Condo, off Kim Seng Road
Developer  Frasers Centrepoint
Location  Jiak Kim Street
District  09
Tenure  99 years lease
Site Area  13,482 square metres/ 145,120 square feet
GFA:  51,233 square metres /551,478 square feet
Plot Ratio  3.8
Expected TOP:
Total Units  Approximately 525 residential apartments
Total Carpark
Development  Condo comprising of communal facilities
Unit Type:
Architect
Eligibility SC/ SC, SC/SPR and Foreigner can buy

LOCATION and AMENITIES

Jiak Kim Street map

Jiak Kim Street Land parcel

Amenities Near New Condo at Kim Seng Road

Category Important Amenities Near New Condo at Kim Seng Road Approximate Distance
Train Stations Great World MRT Thomson Line Due 2021 0.6km
Bus Stop xx xx
Supermarkets Cold Storage
NTUC
Giant
Sheng Siong
0.2km
1.2km
1.4km
1.7km
Shopping Malls Great World City
Valley Point
Tiong Bahru Plaza
*Scape
Cathay Cineleisure
ION Orchard
Wheelock Place
Wisma Atria
Tang Plaza
Shaw House
0.3km
0.3km
0.9km
1.0km
1.1km
1.1km
1.1km
1.1km
1.2km
1.3km
Education Institutions Preschool
Kay Poh Road Baptist Kindergarten
JHS Montessori Kindergarten
PCF Kreta Ayer-Kim Seng Blk 79
Little Hands Montessori Kindergarten
PCF Tanjong Pagar-Tiong Bahru Blk 6
Y W C A Kindergarten (Outram)
Chinese Kindergarten
PCF Tanglin-Cairnhill Blk 124A
Arts Kidz Pre-school
PCF Radin Mas Blk 70A
0.2km
0.3km
0.4km
0.8km
1.2km
1.2km
1.2km
1.3km
1.3km
1.6km
Primary
River Valley Primary School
Zhangde Primary School
Gan Eng Seng Primary School
0.5km
0.6km
0.8km
Secondary
Gan Eng Seng Secondary School
Outram Secondary School
Crescent Girls’ School
Henderson Secondary School
Bukit Merah Secondary School
0.8km
1.2km
1.3km
1.5km
2.0km
Junior College
Catholic Junior College 3.4km
Tertiary
The University of Chicago Booth School of Business 1.6km
International
Overseas Family School
ISS International School (Elementary)
Finnish Supplementatry School (S’pore Land Twr)
Swedish Supplementary School
Eton House International School
Chatsworth International School Orchard Campus
0.8km
0.8km
0.9km
1.2km
1.4km
1.5km
Food Centre Zion Riverside Food Centre
Havelock Road Block 22A Food Centre
Beo Crescent Block 38A Market and Food Centre
Tiong Bahru Market
Bukit Merah View Block 115 Market And Food Centre
Redhill Lane Block 85 Food Centre
People’s Park Complex Food Center
Bukit Merah Central Block 163 Food Centre
0.3km
0.7km
0.7km
1.1km
1.3km
1.5km
1.8km
1.8km
Lifestyle Tiong Bahru Park
Stardus Clubhouse
The American Club
Tanglin Golf Course Country Club
Home TeamNS – UE Square Club House
Tanglin Club
Fort Canning Park
Pearl’s Hill City Park
Istana Park
Singapore Botanic Gardens
National Orchid Garden
Legends
0.9km
1.4km
1.5km
1.6km
1.7km
1.7km
1.8km
1.8km
1.8km
1.9km
1.9km
2.0km

FACILITIES and SITE PLAN E-BROCHURE

The Facilities and Site Plan of New Condo in Jiak Kim Street are currently seeking approval from relevant authorities.

If you would like to be updated on first hand information for this upcoming Condo in Jiak Kim Street, along Kim Seng Road,
Please 
Register with Us
for More information!

RESIDENTIAL FLOOR PLANS E-BROCHURE

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for your E-Brochure, Floor Plans and Pricing Here when available!!

PRICE TRENDS FOR DEVELOPMENTS IN DISTRICT 09

BENEFITS OF MIXED DEVELOPMENTS IN SINGAPORE

Live, Work and Play – the philosophy that everyone in the world tries to attain. The ability to concentrate at work, the convenience of going home, and the availability of various recreational activities all within easy access. Who wouldn’t want this kind of lifestyle? In a busy country like Singapore, where the economy and global population has always been on the upside, it is not impossible to experience this ambitious way of living. With the rise of mixed development properties, the “live, work, play” philosophy is now made imaginable.

In a land-scarce country, addressing the concerns of creating residential properties while mixing urban livability has always been a major problem. Being able to offer homes and amenities all at the same time is not easy, but possible. With mixed development properties, residents can enjoy the convenience of having commercial spaces right where they live. From supermarket, grocery store, restaurants, pubs, retail shops, beauty salons, clothing stores and cinemas – you literally have a mall just below your unit.

Mixed-used development is a type of urban housing that combines residential and commercial spaces in one. Other services can likewise be integrated into the development such as industrial, cultural and institutional trades. Mixed developments can be a single building, city block or complex of buildings that forms a community.

Residential units plus shopping mall is the most common type of mixed development in Singapore. Usually, the shopping mall is located on the first few floors while above are the residential units. There are also mixed developments with integrated hotel rooms inside the building.

5 Benefits of Mixed Developments Singapore

Utmost convenience and accessibility are not the only advantages of mixed developments. It’s more than just a residential unit and shopping mall combined as one. While most people see mixed developments as something risky for their private life, there’s more to these properties than privacy issues. Check out their advantages below.

  1. Unparalleled Convenience

Convenience at its finest is the ultimate advantage of mixed development properties. With everything you need right within reach, you don’t have to travel far from home just to fetch daily necessities. From doing your grocery to obtaining basic supplies, you can even buy a brand new shoes or shirt just by going down on your unit. Bringing retail therapy close to home has many advantages such as:

  • You don’t have to strain your arms travelling with huge grocery bags on your hand.
  • Restaurants and food shops within the building provides an easy access to sumptuous meals.
  • Driving away from home just to visit shopping malls is virtually not needed.
  • You don’t have to rush from home just to catch your favorite movie.
  • You can even find a work right inside the building saving you tons of precious time and money.
  • With different recreational activities within reach, it’s impossible to have a dull moment.
  1. Saving Costs

There are many advantages of mixed developments, to one of which is that your expenditures will be greatly minimized. The cost of fuel is on all-time high, and by reducing the need to travel, it allows you to save a huge amount of sum. Also, you don’t have to pay parking fees and take public transport just to buy a bag of chips or frozen meats. Right within your development grounds are various stores to cater all your needs. Less travel definitely means less spending.

  1. Higher Chances of Passive Income

They say that properties close to MRT stations always fetch higher rental income, but this isn’t always the case. The added benefit of having a mall just below your unit can likewise fetch high rental income. Mixed developments are attractive to tenants because of the convenience and accessibility it brings. Tenants are willing to shell out more provided that they have everything they need in just one roof. Additionally, since there are office spaces and employees within the development, it equates to unlimited supply of possible tenants.

  1. Increasing Location Value

There is a common notion that mixed-used developments are only for affluent people. Why? Because most of them are priced so high that a low income Singaporean won’t be able to afford. While this might be true in some forms, it plays a huge role on increasing the intrinsic value of the district or location. With affluent people flocking the area, it significantly intensifies the reputation of the district. Attracting more wealthy spenders, it makes the area a highly “desirable” location.

  1. Flexible Investment

Last but definitely not the least benefits of mixed developments Singapore is its flexibility to hold your investmentdepending on your desires. If you decide to let go of your unit, listing it on the open market is a great option. Keep in mind that a well-designed mixed-used development sitting on a great location can draw hundreds of potential buyers. Furthermore, you could sell your unit to foreigners since most of them are attracted on convenient city living. On the other hand, if you don’t want to let go of your property, there’s always a possibility of renting it out to gain valuable income.

Caveat Emptor

Behind the many benefits of mixed developments Singapore are disadvantages that buyers should be aware of. Not everything about mixed developments are wonderfully great, there are drawbacks that you need to consider such as:

  • Overcrowding and high-density living
  • Industrial noise from shops, pubs and restaurants
  • Privacy issues with people loitering around your home
  • More expensive than regular condominiums
  • Possibility of parking shortage as shoppers get prioritized

Final thoughts…

We can’t deny the fact that Singapore is indeed an overcrowded country. And as the economy grows, with people coming in from all parts of the world, expect to see more mixed-used properties being developed from time to time. Before handling over that cash, consider the many benefits of mixed developments Singapore but don’t forget to ponder on its drawbacks.

The addition of having utmost convenience and accessibility to everything are the driving factors of mixed-used properties. These reasons and more makes them uniquely wonderful and practically stellar.

LOCATED SHORT DISTANCE TO KEY GROWTH DISTRICT

City Central Region, Singapore URA Master Plan 2014

Singapore Urban Redevelopment Authority URA Master Plan 2014 envisions some exciting developments for the whole of Singapore's central area including Tanjong Pagar, The Greater Southern Waterfront District,  City Hall, Marina Bay, Suntec and Bugis-Rochor area. The new prime City Central area will be a place for the people to engage community and arts, showcase Singapore's creative and artistic expression and links to Singapore's past and future aspirations. There will be more pedestrian- friendly precincts, public spaces and parks, night lightings and trees.

City Centre at Marina Bay is a unique and dynamic waterfront district, Garden City by the Bay, extending seamlessly from the CBD and it is zoned to be

  • the next CBD, focusing on financial and business related activities
  • More Commercial, residential buildings, hotel and entertainment spots are to be built.
  • It will be a lifesytle destination for variety of water-based activities and events.
  • Exensive road and rail network in the pipeline and 
  • Padestrain bridges that loops attractions and open spaces around the Bay.

Marina South will have

  • a new population catchment as it will have a residential district of 9,000 new homes, with mix-development plan of hotels, offices and entertainment
  • elevated landscape walkway that links the Bay South Garden to Marina South seafront
  • 800 metres padestrain walkway beween the upcoming Marina South and Gardens by the Bay MRT Station
  • underground carpark that allows motorists to drive between buildings that reduce ground level traffic
  • feaures that can collect rain water and harness wind energy
  • continuous waterfront promenade will be creaed from Marina South to Labrador for joggers and cyclists.
 

Beach Road/ Ophir- Rochor will have abundant conveniences being in the heart of City.

  • It will be further of the CBD with extension of convention, offices and hotel hub of Marina Centre
  • There will be more developments of office cluster for financial business institutions.
  • It will be turned into an exciting Commercial hub, blending with entertainment, cultural and lifestyle.
  • It will be turned into a strategic transport hub, the area will be well connected by rail and road network to many parts of Singapore.
 

Capitalising on Bugis and Bras Basah rich architectural and cultural heritage, URA is embarking on urban renewal efforts to transform it dramatically into Singapore's art, culture. learning and entertainment district.

From the cultural enclave of Kampong Glam to National Arts Gallery in the Civic and Cultural District to high skyscappers in Marina Bay, this growth area in Sturdee Road Condo promises residents a 24/7 city lifestyle. New major landmark developments will transform the city skyline, offering prestigious address locations and spectacular views out across the city. Strategic developments with conservation buildings will continue to inject vibracy, turning it into a lively art and education place, as an emerging commercial hub that will complement Singapore financial district. 

FRASERS CENTREPOINT WON TOP BID FOR GLS LAND PARCEL CONDO DEVELOPMENT AT EX ZOUK SITE JIAK KIM STREET

Frasers Centrepoint Limited (FCL) trumped nine other bidders with an offer of $955.4 million for a residential plot in Jiak Kim Street, the former site of popular nightspot Zouk.

And Allgreen Holdings emerged top among seven bidders for a residential parcel in Fourth Avenue, lodging a tender of $552.96 million.

The two 99-year leasehold sites were on the Reserve List of the Government Land Sales programme and were triggered for public tender after minimum acceptable bids were made.

The 13,482 sq m site in Jiak Kim Street comes with commercial use on the first floor. FCL's bid for the site translates to $1,732.55 per sq ft per plot ratio (psf ppr), only 0.6 per cent above the bid from Hong Leong Holdings and Hong Realty, which are controlled by Singapore tycoon Kwek Leng Beng.

This toppled the last high of $1,239 psf ppr achieved at the site for GuocoLand's Martin Modern in June last year by a stark 39.9 per cent.

The $552.96 million bid by fellow tycoon Robert Kuok's Allgreen Holdings for the 18,532.2 sq m site in Fourth Avenue reflects a land rate of $1,540 psf ppr, which is 2 per cent above the second-highest bid, from Bukit Sembawang Estates.

Allgreen Properties picked up two collective sale sites in Bukit Timah last week, including Royalville.

The bullish bids come after warnings from the Government on over-exuberance in the property market.

"Despite the authority flagging the risk of excessive exuberance... the bidding for choice sites has not shown any sign of slowing," said Cushman & Wakefield research director Christine Li.

Ms Tricia Song, research head for Singapore at Colliers International, said the strong showings for the Jiak Kim Street and Fourth Avenue sites "clearly reflect bidders' confidence in a recovering... market amid the positive economic outlook".

Frasers Centrepoint Singapore chief executive Christopher Tang said the Jiak Kim Street site is "a rare location in a cosmopolitan locale, filled with rich heritage and character, sitting right on the edge of the Singapore River".

Market watchers felt that the aggressive price Allgreen paid for Royalville could have deterred some developers from bidding for the site in Fourth Avenue. Still, having seven bidders is considered a respectable showing, Ms Li said.

JLL head of research and consultancy Tay Huey Ying noted that the batching of tender closings for the two sites "appeared to have helped spread the competition for each site, and potentially taming the bids somewhat".

She added: "Interestingly, local developers continue to maintain their hold on the prime district market, pipping foreign developers such as China's CSC Land and Hong Kong tycoon Li Ka-shing's Japura for the two sites in Jiak Kim Street and Fourth Avenue, respectively."

Source: Straits Times 05th December 2017

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