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Let' s make Mr Ji and Mr Fan buy Good Class Bungalow at district 10 Singapore !!!
They already bought a plot of land at Tanjung Pagar for free..Thanks to investors!
They already bought a plot of land at Tanjung Pagar for free..Thanks to investors!
https://www.asiaone.com/money/neighbourhood-estate-guide-why-tanjong-pagar-will-be-even-more-desirable-future
PHOTO: Unsplash
The Shenton Way/Tanjong Pagar district has always been the financial and commercial centre of the city.
Though, historically favoured by global businesses in the shipping and finance industry, a research report by property services firm Colliers International, rated Tanjong Pagar as being the top location in Singapore, among Asia&rsquo s top commercial real estate locations for technology, media and telecommunications (TMT) occupiers.
The area has many skyscrapers including multiple Grade A office buildings, such as AXA Tower and Capital Tower. Perhaps the fact that the Monetary Authority of Singapore (MAS) has its office in the Tanjong Pagar/Shenton Way district bears the best testament to the importance of the location as a hub for trade.
Tanjong Pagar&rsquo s unparalleled connectivity makes it easy and convenient for one to enter the Central Business District (CBD) through the multiple MRT stations traversing the East-West Line (EWL), North South Line (NSL), North East Line (NEL) and the Circle Line (CCL).
Moreover, there are over 50 bus services connecting from Tanjong Pagar to the rest of the other parts of Singapore.
For motorist, three main expressways, namely the Ayer Rajah Expressway (AYE), Central Expressway (CTE) and Marina Costal Expressway (MCE) connects residents from the west, north and east respectively to Tanjong Pagar.
PHOTO: Unsplash
The late Mr Lee Kuan Yew had a vision of a home-owing society through which many families could have a tangible stake in the nation.
The ensuing policy led to Singapore achieving one of the highest home ownership in the world at around 91 per cent.
Of which, roughly 80 per cent of the population lives in subsidised flats built by the Housing Development Board (HDB).
To gauge the affordability of housing in the Tanjong Pagar area vis-à -vis housing to the other estates, we compared the prices of some HDB flats in Tanjong Pagar to the median lowest and highest prices of similar type of flats across the other towns.
Based on the price transaction over the past two years, between three estates in Tanjong Pagar, we are able to conclude that the HDB flat prices in the Tanjong Pagar area are relatively on the higher scale compared to the median prices across the other towns.
This comes as no surprise as the location commands a higher premium due to its centrality to major commerce activities.
Apart from the public housing, Tanjong Pagar is also a hotbed for luxury private condominiums. And none has surpassed the standards set by the Wallich Residence.
Standing at a height of 290m, the Wallich Residence, which is part of the mixed-use Tanjong Pagar Centre is currently the tallest building in Singapore.
A super penthouse in the development was sold off for around $74 million in 2019 to British Billionaire Mr James Dyson, stands as an embodiment to the status of Tanjong Pagar as a place of living amongst the high net worth cliental.
PHOTO: The Straits Times
Benjamin Franklin was famously quoted for the phrase &ldquo the only thing more expensive than education is ignorance&rdquo , however, he too may also agree that prime real estate is probably not that far off either.
Perhaps as a reflection of the high land costs, there is only one MOE registered educational institution in the Tanjong Pagar area, which is, Cantonment Primary school. It is ranked 109 out 185 for 2019.
However, when we searched for preschools in the area, we received more (six) search hits. These include PCF Sparkletots, Carpe Diem and Modern Montessori, to name a few.
The stark contrast between the number of preschools to the number of primary or higher learning institutions in Tanjong Pagar is due to the dynamics of the populace in the area.
The largely (non-resident) working adults give rise to a higher demand of preschools near their workplace to send their toddlers. Whereas, most of the lower and upper level educational intuitions are situated in largely residential enclaves.
PHOTO: Unsplash
The proverb, &ldquo all work and no play makes Jack a dull boy&rdquo , does not resonate more closely to any other town in Singapore than Tanjong Pagar.
After a whole day of work, Tanjong Pagar is also an ideal location to unwind in the many shopping and eateries and pubs that are nestled within.
We are blessed in Singapore to be able to indulge in a wide culinary of dishes from the various ethnicities.
And in Tanjong Pagar, we have arguably the most delicious neighbourhood, where we are spoilt for choices from local hawker fare food from hawker centres like the Tanjong Pagar Plaza Market and Maxwell Food Centre to the many Michelin restaurants along Tanjong Pagar road and Tras street serving international inspired dishes.
And for the folks whom want to keep up with the latest fashion or to escape the scorching weather, would surely not be disappointed by the shopping options presented in Tanjong Pagar.
Shopping malls like Icon Village, 100 AM and the Guoco Tower offers shoppers a more unique and an international offering which are not commonly found in comparable neighborhood malls.
Any individual looking to adopt an active and sporty lifestyle, would not face any difficulty in doing so at Tanjong Pagar, with the many (over 15) gyms and boutique fitness studios, conducting classes on yoga to high intensity workouts.
PHOTO: Unsplash
For many years, downtown Singapore has been associated as the financial and commercial centre of the city.
However, under the URA 2030 Concept Plan and 2019 Master Plan, the city centre is set to undergo a transformation from a mono-use which is dominated by offices to one which is more mixed use and lively after office hours.
Under the Great Southern waterfront project which is expected commence after 2030, the area around Tanjong Pagar will be transformed into a space three times the size of Marina Bay.
Once the leases of the ports expire in 2027 and are subsequently moved to the Tuas Mega Ports, the freed-up space will give rise to more new homes making the Central Business District (CBD) area livelier and more vibrant at night.
Newer residential and commercial districts will be built along the coastline which will stretch over 30km from the waterfront promenade that connects Labrador Park to Gardens by the Bay in Marina South.
This includes, construction of public housing projects at the mega waterfront development project which analysts expect to be priced near the upper range of the HDB pricing, similar to the prices set by the popular Pinnacle@Duxton.
One of the first expected developments will be situated on the site of the Keppel Club, which will yield around 9,000 units comprising of both public and private housing.
Additionally, office buildings that have been built or have had their last major refurbishment at least 20 years ago, will get a plot ratio increase of between 25 &ndash 30 per cent under the CBD Incentive Scheme and Strategic Development Incentive Scheme, which is expected to encourage developers to convert ageing offices into hotels and homes.
Through such policies, the government intends to introduce a broader mix of uses so as to make the CBD not only a place to work, but also a vibrant place to live and play.
Connectiveness in the downtown area is set to be further improve with the addition of four MRT stations they are Maxwell and Shenton Way stations along the Thomson-East Coast Line and Prince Edward and Cantonment stations along the Circle Line.
With these additions, all developments in the downtown area will be within a 10-minute walk of an MRT station.
Moreover, another 5km of cycling path will be added by 2021 to the existing network of 22km around the downtown area, making alternative commuting more convenient.
There are further plans to transform the current key bus corridor at Robinson Road into a transit-priority corridor by giving more space to buses, cycling paths and pedestrian walkways.
Through the implementation of these rejuvenation policies, the downtown area in years to come, will bear the fruits of the transformation making it more relevant to the varied needs of modern lifestyles of the residents.
Moreover, having a good transportation system that enhances connectivity will help to anchor its position as a dynamic 24/7 downtown and global financial hub.
This article was first published in Dollars and Sense.
Present day Tanjong Pagar
1. Business activity
PHOTO: Unsplash
The Shenton Way/Tanjong Pagar district has always been the financial and commercial centre of the city.
Though, historically favoured by global businesses in the shipping and finance industry, a research report by property services firm Colliers International, rated Tanjong Pagar as being the top location in Singapore, among Asia&rsquo s top commercial real estate locations for technology, media and telecommunications (TMT) occupiers.
The area has many skyscrapers including multiple Grade A office buildings, such as AXA Tower and Capital Tower. Perhaps the fact that the Monetary Authority of Singapore (MAS) has its office in the Tanjong Pagar/Shenton Way district bears the best testament to the importance of the location as a hub for trade.
Tanjong Pagar&rsquo s unparalleled connectivity makes it easy and convenient for one to enter the Central Business District (CBD) through the multiple MRT stations traversing the East-West Line (EWL), North South Line (NSL), North East Line (NEL) and the Circle Line (CCL).
Moreover, there are over 50 bus services connecting from Tanjong Pagar to the rest of the other parts of Singapore.
For motorist, three main expressways, namely the Ayer Rajah Expressway (AYE), Central Expressway (CTE) and Marina Costal Expressway (MCE) connects residents from the west, north and east respectively to Tanjong Pagar.
2. Housing
PHOTO: Unsplash
The late Mr Lee Kuan Yew had a vision of a home-owing society through which many families could have a tangible stake in the nation.
The ensuing policy led to Singapore achieving one of the highest home ownership in the world at around 91 per cent.
Of which, roughly 80 per cent of the population lives in subsidised flats built by the Housing Development Board (HDB).
To gauge the affordability of housing in the Tanjong Pagar area vis-à -vis housing to the other estates, we compared the prices of some HDB flats in Tanjong Pagar to the median lowest and highest prices of similar type of flats across the other towns.
| HDB Resale Housing Price | |||
| Location | 3 &ndash room | 4 &ndash room | 5 &ndash room |
| Everton Park | 410,000 &ndash 530,000 | 690,000 &ndash 730,000 | 650,000 &ndash 750,000 |
| Cantonment Towers | 500,000 &ndash 550,000 | 710,000 &ndash 840,000 | 820,000 &ndash 970,000 |
| Pinnacle@Duxton | Nil | 930,000 &ndash 1,200,000 | 945,000 &ndash 1,250,000 |
| Median Lowest
(1 st Qtr 2020) |
225,000 &ndash 253,000 | 339,000 &ndash 350,000 | 405,000 &ndash 420,000 |
| Median Highest
(1 st Qtr 2020) |
340,000 &ndash 356,000 | 640,000 &ndash 728,000 | 815,000 &ndash 817,500 |
Based on the price transaction over the past two years, between three estates in Tanjong Pagar, we are able to conclude that the HDB flat prices in the Tanjong Pagar area are relatively on the higher scale compared to the median prices across the other towns.
This comes as no surprise as the location commands a higher premium due to its centrality to major commerce activities.
Apart from the public housing, Tanjong Pagar is also a hotbed for luxury private condominiums. And none has surpassed the standards set by the Wallich Residence.
Standing at a height of 290m, the Wallich Residence, which is part of the mixed-use Tanjong Pagar Centre is currently the tallest building in Singapore.
A super penthouse in the development was sold off for around $74 million in 2019 to British Billionaire Mr James Dyson, stands as an embodiment to the status of Tanjong Pagar as a place of living amongst the high net worth cliental.
3. Education
PHOTO: The Straits Times
Benjamin Franklin was famously quoted for the phrase &ldquo the only thing more expensive than education is ignorance&rdquo , however, he too may also agree that prime real estate is probably not that far off either.
Perhaps as a reflection of the high land costs, there is only one MOE registered educational institution in the Tanjong Pagar area, which is, Cantonment Primary school. It is ranked 109 out 185 for 2019.
However, when we searched for preschools in the area, we received more (six) search hits. These include PCF Sparkletots, Carpe Diem and Modern Montessori, to name a few.
The stark contrast between the number of preschools to the number of primary or higher learning institutions in Tanjong Pagar is due to the dynamics of the populace in the area.
The largely (non-resident) working adults give rise to a higher demand of preschools near their workplace to send their toddlers. Whereas, most of the lower and upper level educational intuitions are situated in largely residential enclaves.
4. Recreation
PHOTO: Unsplash
The proverb, &ldquo all work and no play makes Jack a dull boy&rdquo , does not resonate more closely to any other town in Singapore than Tanjong Pagar.
After a whole day of work, Tanjong Pagar is also an ideal location to unwind in the many shopping and eateries and pubs that are nestled within.
We are blessed in Singapore to be able to indulge in a wide culinary of dishes from the various ethnicities.
And in Tanjong Pagar, we have arguably the most delicious neighbourhood, where we are spoilt for choices from local hawker fare food from hawker centres like the Tanjong Pagar Plaza Market and Maxwell Food Centre to the many Michelin restaurants along Tanjong Pagar road and Tras street serving international inspired dishes.
And for the folks whom want to keep up with the latest fashion or to escape the scorching weather, would surely not be disappointed by the shopping options presented in Tanjong Pagar.
Shopping malls like Icon Village, 100 AM and the Guoco Tower offers shoppers a more unique and an international offering which are not commonly found in comparable neighborhood malls.
Any individual looking to adopt an active and sporty lifestyle, would not face any difficulty in doing so at Tanjong Pagar, with the many (over 15) gyms and boutique fitness studios, conducting classes on yoga to high intensity workouts.
Future: Masterplan 2019 to concept plan 2030
PHOTO: Unsplash
For many years, downtown Singapore has been associated as the financial and commercial centre of the city.
However, under the URA 2030 Concept Plan and 2019 Master Plan, the city centre is set to undergo a transformation from a mono-use which is dominated by offices to one which is more mixed use and lively after office hours.
Under the Great Southern waterfront project which is expected commence after 2030, the area around Tanjong Pagar will be transformed into a space three times the size of Marina Bay.
Once the leases of the ports expire in 2027 and are subsequently moved to the Tuas Mega Ports, the freed-up space will give rise to more new homes making the Central Business District (CBD) area livelier and more vibrant at night.
Newer residential and commercial districts will be built along the coastline which will stretch over 30km from the waterfront promenade that connects Labrador Park to Gardens by the Bay in Marina South.
This includes, construction of public housing projects at the mega waterfront development project which analysts expect to be priced near the upper range of the HDB pricing, similar to the prices set by the popular Pinnacle@Duxton.
One of the first expected developments will be situated on the site of the Keppel Club, which will yield around 9,000 units comprising of both public and private housing.
Additionally, office buildings that have been built or have had their last major refurbishment at least 20 years ago, will get a plot ratio increase of between 25 &ndash 30 per cent under the CBD Incentive Scheme and Strategic Development Incentive Scheme, which is expected to encourage developers to convert ageing offices into hotels and homes.
Through such policies, the government intends to introduce a broader mix of uses so as to make the CBD not only a place to work, but also a vibrant place to live and play.
Connectiveness in the downtown area is set to be further improve with the addition of four MRT stations they are Maxwell and Shenton Way stations along the Thomson-East Coast Line and Prince Edward and Cantonment stations along the Circle Line.
With these additions, all developments in the downtown area will be within a 10-minute walk of an MRT station.
Moreover, another 5km of cycling path will be added by 2021 to the existing network of 22km around the downtown area, making alternative commuting more convenient.
There are further plans to transform the current key bus corridor at Robinson Road into a transit-priority corridor by giving more space to buses, cycling paths and pedestrian walkways.
Through the implementation of these rejuvenation policies, the downtown area in years to come, will bear the fruits of the transformation making it more relevant to the varied needs of modern lifestyles of the residents.
Moreover, having a good transportation system that enhances connectivity will help to anchor its position as a dynamic 24/7 downtown and global financial hub.
Summary
| Criteria | Ratings | Remarks |
| Pedigree | Very Good | A district with long history from the beginning as a town for trade and commerce. The existence of multiple Grade A office buildings have ensured it&rsquo s still the top choice for global businesses in current times. |
| Accessibility | Very Good | Fast and affordable public transportation in the form of multiple MRT stations linking to various rail networks and bus services are widely available. Able to connect to the major expressways enabling quick and easy connectivity to other parts of the town. |
| Affordability | Poor | In terms of public housing, record resales prices had been set for the Pinnacle@Duxton project. Most of the other housing projects also command a higher range of the HDB resale price index. It&rsquo s the same with private housing, with prices recorded on the top range of the scale for Per Square Foot (PSF). |
| Schools | Poor | With only one primary school, there is a lack of options in this department. |
| Recreation | Very Good | A town famed as having the most Singapore Michelin restaurants, does not disappoint in this department. There are also a few shopping centres with unique offerings compared to the neighbourhood malls. Moreover, there are plenty of boutique fitness centres and gyms to workout, in addition to the roughly 27km of cycling path around the town. |
| Investment Potential | Very Good | Based on the Concept Plan, the area is set to undergo a big rejuvenation program where more public and private housing can be expected. Prices of such homes will be in tandem with demand. Moreover, as more old office buildings are redeveloped into mixed use buildings, greater vibrancy and activity will be felt throughout the day. These initiatives are set to raise the attractiveness of working, living and playing in Tanjong Pagar even further. |
This article was first published in Dollars and Sense.