There are so many ongoing real restate projects in Singapore right now. However, out of all these ongoing projects, which project should you be investing in ?
My preference would be Stirling Residences.
The biasness is because I stay around Commonwealth Area and grew up in this area. I like Stirling Residences because it is located in Queenstown , which has had a rich heritage.
Queenstown
Queenstown was first built up in the 1950s and further developed in the 1960s. The place was named after Queen Elizabeth II to mark her coronation in 1952.
Queenstown is a mature estate. However, many buildings like the cinema, Tah Chung Emporium, Margaret Drive hawker centre, shops, NTUC and the bowling centre were torn down to make way to new residential development.
Thankfully, the Queenstown Library is preserved , where some of us have fond memories of the sweet nostalgic time spent with friends and loved ones as our childhood years went by us.
Here we can also find some old 3 Room terrace houses built by HDB, and they are the rare gems as HDB no longer built such houses.
In Queenstown, there is no lack of good food. There are several famous and delicious food places in Mei Ling Market and Food Centre, ABC Market , Alexandra Village, Redhill Hawker Centre and Tanglin Halt Market.
One is simply spoilt with choices. In addition, restaurants and dining places can be found in nearby Tiong Bahru Plaza and Star Vista.
My strong recommendation for Stirling Residences has many compelling and practical reasons, both for residential and investment purposes.
1. Location, Location and Location
Any seasoned investor will always tell a newbie to choose a strategic location to purchase a property.
After many years of accumulating my hard-earned money, I would wish to invest my money wisely by ensuring that my investments would be profitable.
I would choose a good location that is in close proximity to offices and leisurely amenities.
Stirling Residences is only a 3 mins walk from Queenstown MRT which in turn is only 5 MRT stops from Raffles Place MRT Station (CBD 1) and 5 MRT stops from Jurong East MRT (CBD2).
Simply hop in to the train and voila ! A 10 minute commute and you are at work! Gone are the days of being stuck in jams, struggling to find parking spaces and dealing with ERP charges !
Even driving is at ease as it is well-connected to AYE , Queensway / Farrer Road to PIE and Alexandra Road.
A concern about being so near to the MRT station though, is the constant pounding of trains. However, the noise caused by MRT is blocked by the nearby Queens Condo, ensuring a peaceful and serene environment for your beauty sleep.
The serene, tranquil environment combined with the extreme convenience of public and private transport due to its prime location, certainly make Stirling Residences a popular choice to stay.
2. Capital Appreciation
Queenstown is going through transformational changes as more public housing are now being built in Dawson and Margaret Drive area. Queenstown is a mature estate and its public housing past transactions have crossed the $1m threshold.
Given that the price of the HDB house goes on a decline when it approaches the 60th years of its lease, young couples are most likely to sell their built to order HDB for a profit.
As they unlock the capital gains, they can live in a private condominium for a better quality lifestyle for their children and themselves.
Stirling Residences would be the most natural choice for their upgrade, as it is newer and sheltered from the direct noise of MRT track. It is also the biggest new plot of private residential projects in Queenstown.
Stirling Residences is in District 3 of Singapore. It is showed from past transaction records that the price increase in District 3 of 73.02% outperformed the general market of 67.27% since the last Global Financial Crisis.
For the new launches in District 3, the price range of Stirling is lower than Avenue South Residences and One Pearl Bank .
Though it is further away from CBD, the ease of MRT transportation compensates for the longer distance from town that makes Stirling Residences an attractive investment.
3. Rentability
For those considering real estate for investment purposes, Stirling Residences would be ideal as it has a big tenant pool to draw from namely Central District 1 at Raffles Place, Central District 2 at Jurong East, One North Area, Mapletree Business City and Orchard Area.
From the past rental transactions for last 10 years, District 3 average rental (psf) increment of 13.64% fared better than all districts of 6.12%.
4. Good Project Features
Stirling Residences sits on a gentle inclined plane and commands a grand view with an estimated site area of 227,223 sq ft. It is a luxurious 1259 units apartment, the biggest amongst the newly launched projects around Queenstown MRT.
It has three blocks, where two blocks are 40storey high and the remaining one is 38storey high.
It is jointly developed by Logan Group and Nanshan Group.
Logan Group
Logan Group is an integrated property developer that focuses on residential property development in China, mainly the Guangdong – Hongkong - Macao Greater Bay Area.
It was listed on the main board of Stock Exchange of Hong Kong in 2013.
It has Grade A qualifications in property development, general contracting of construction and engineering design.
It was 295th in Fortune Chinese's Top 500 enterprises in 2017. In 2018, it was ranked 26th in the China Top 100 Real Estate Developers and 4th in the Top 10 Profitable Companies.
It has developed over 110 residential projects and provided quality life services to over 600,000 people.
Nanshan Group
Nanshan Group is a diversified conglomerate with businesses in aluminum, textile, garments, finance, aviation, real estate, health, education, tourism etc.
Presently it is listed in the Top 500 Chinese Enterprises. In 2017, it was ranked the 165th in Top 500 Chinese Enterprises and the 68th in Top 500 Enterprises in Chinese Manufacturing Industry.
Nanshan Real Estate has developed high-grade residences, high-end hotel, tourism and sightseeing, commercial service, relaxing on holidays, elderly and health care etc, where the projects were spread over Beijing, Qingdao, Hainan, Yantai and Longkou.
In 2013, the company bought Park Regis along Merchant Road for $250m. In 2014, they acquired the former Midlink Plaza at $270m to redevelop it into Mercure Singapore Bugis.
Developer
LN Development(S) Pte Ltd
Tenure
99 years leasehold from 18 Aug 2017
Address
21 Stirling Road S148960
23 Stirling Road S148961
25 Stirling Road S148962
Estimated Site Area
21,109.50 sqm/227,223 sq ft
Plot Ratio
4.2
Total Units
1259
Total Carpark Lots
1259
Expected TOP
End Apr 2022
The 3 buildings of Stirling Residences are built next to each other and this allows for maximum air circulation.
Stirling Residences is generally on a north south facing and it either faces the unblocked landed properties or public housing which is a distance away.
The landscaping covers 65% of the project which makes it a pleasant and comfortable place to stay.
There are 80 facilities in Stirling Residences includes 50m and 30m pool, child care centre, tennis court, function room, gym, chill out areas and etc, yet the monthly maintenance is very affordable.
5. Good Layout
The layout of all the units is functional and wastage of space is minimised. The units come with white goods like fridge and washing machine.
In particular, I like the 3 Bedroom Premium and 4 Bedroom as I like the dry and wet kitchen concept. The 3 Bedroom Premium is ideal for a family that comes with store and a kitchen toilet.
The 4 Bedrooms unit can serve a 3 generation family of 4 with grandparents having their en suite toilet.
Conclusion
There are primary schools nearby namely Queenstown Primary School (less than 1 km) as well as New Town Primary School, Gan Eng Seng Primary School and Blangah Rise Primary School (less than 2km).
Moreover, Stirling Residences is close to Crescent Secondary School and tertiary institutions like National University of Singapore, Singapore Polytechnic, Ngee Ann Polytechnic and Insead Business School.
Though Queenstown is a mature estate, residential public housing continues to thrive and there will be a commercial building for shopping and dining experience located near to Commonwealth Tower.
In addition, Dover which is near to Stirling Residences will be established as a learning hub. This will again add to the already steady stream of tenants.
Finally, Stirling Residences is a prudent project choice.
Its price will be stable and in the coming future, we will see higher price increase with the development of Queenstown, Dover Learning hub, Jurong East with the opening of HSR and the Greater Southern Waterfront Transformation.
If you are keen to explore house purchase for residential or investment purposes, you can contact me for a discussion or virtual presentation.
Would you like to discuss with someone on your real estate matters?
They can be where to invest for your next home or property investment, or source out the best bargain, or market your property for sales or rental, or review your current property portfolio to grow your wealth ?
Let me be a friend to walk through these questions with you.
We can meet for a one time free 30 min Property Wealth Planning session. Schedule for meeting now.
A Property Wealth Planning session includes :
1. An in-depth financial affordability assessment
2. Highly relevant property insights
3. A clear and customized roadmap just for you on your property investment journey ahead.
I am Ruth Chia, a Senior Sales Director with Orangetee and Tie Pte Ltd.
Prior to joining the real estate industry, I was in the finance and accounting department of a corporation which engaged in the consultancy works for real estate owners.
I switched my career to assist others to achieve financial freedom through real estate.
Being financially trained has enabled me to value add to my clients to give them a balanced perspective in making their real estate decisions.
My greatest reward is to have meaning relationship established through servicing my clients.
Comments