8 mins read • by Home Central
5 Premium Estates Near the Thomson-East Coast Line
The Thomson-East Coast Line marked the completion of stage 3 of its construction works in November 2022, introducing 11 more stations to link Woodlands North to the city core at Gardens by the Bay. While Singaporeans await the opening of stages 4 and 5, the aforementioned MRT track has connected more than 180,000 households within a 10-minute walking distance from one of its newly-opened stations.
Since its announcement in 2014, better convenience and connectivity in the vicinity have promised better property value and capital appreciation potential, raising the bar for prices in the area. Here are 5 premium estates – both existing and upcoming – with competitive price tags in the property market.
1. One Bernam
Location: 1 Bernam Street, District 2
MRT Station: Maxwell/Shenton Way MRT Station
An upcoming 99-year leasehold development in the prestigious downtown core of Singapore, One Bernam comprises a total of 364 units spanned across 35 storeys, and is slated to TOP in March 2026. While usually transacting at an average indicative price of S$2,575, the estate recently hit a personal record-high sale – transacting a 441sqft apartment for S$3,168psf in November 2022.
It is not difficult to see the allure of One Bernam. Located in the proximity of Singapore’s Central Business District, traveling to work is a breeze. There is also no shortage of amenities nearby, with the Tanjong Pagar area playing host to a number of shopping malls – 100 AM, Tanjong Pagar Plaza, Amara Shopping Centre, and Icon Village – with a wide selection of retail and dining options available.
2. Parc Stevens
Location: 21, 23, 25, 27 Stevens Drive, District 10
MRT Station: Stevens MRT Station
A freehold condominium completed in 2000 with an exclusive 48 units, Parc Stevens is located in another premium district: Tanglin in District 10. Transacting at an indicative price average of S$2,044psf from 1997 to present, it recently saw a historical high in sales: S$2,115psf for a 2,411sqft unit in August 2022.
Initially connected to the rest of Singapore via the Downtown Line, Stevens is made more accessible after the opening of stage 3 of the Thomson-East Coast Line. Orchard and Bugis are just 3 stops away via the Thomson-East Coast Line and Downtown Line respectively, while the Central Business District of Singapore is a 15-minute drive away. Close to the city centre while tucked away in an enclave of its own, the area is perfect for those who wish to live away from the hubbub of the major shopping districts, while at the same time remain connected to the rest of Singapore.
3. Boulevard 88
Location: 86, 88 Orchard Boulevard, District 10
MRT Station: Orchard/Orchard Boulevard MRT
Amidst the group of luxury private residential estates in Tanglin is the upcoming Boulevard 88, slated to TOP soon in early 2023. Standing at 28 storeys high with a total of 154 units, sales for the freehold condominium have been a huge success ever since its announcement in 2019. Throughout the years, the core central region condominium transacted at an average of S$4,000psf, with its record high sale dating back to June 2019, where a 6,049sqft unit was sold at S$5,125psf.
With the heart of the city right at one’s doorstep, Boulevard 88 is surrounded by an abundance of amenities and shopping malls – such as ION Orchard, Tanglin Mall, and Forum The Shopping Mall, just to list a few. It is a mere 8 MRT stops, or 15-minute drive away to the iconic Gardens by the Bay, and a 12-minute drive to the Central Business District. Grocery runs are made convenient with 2 Cold Storage outlets in the vicinity: namely at Tanglin Shopping Centre and Tanglin Mall.
4. Tomlinson Heights
Location: 31 Tomlinson Road, District 10
MRT Station: Orchard/Orchard Boulevard MRT
Just across the road from Boulevard 88 is the luxurious freehold condominium Tomlinson Heights, which was completed in 2014 – 9 years before the former. Touching the sky at 36 storeys high, the estate comprises an exclusive 70 units to its name. Despite being older than Boulevard 88, Tomlinson Heights maintained a competitive indicative price average of S$4,042psf throughout the years, reaching new heights in August 2022 when a 2,745sqft apartment transacted at S$4,645psf.
Located in the same vicinity as Boulevard 88, Tomlinson Heights shares the same myriad of amenities that is offered to condominiums around the Orchard Boulevard cluster.
5. Marina Bay Residences
Location: 18 Marina Boulevard, District 1
MRT Station: Marina Bay MRT
Saving the best for last, we arrive at a 99-year leasehold condominium bearing the brand of an internationally-famed moniker: Marina Bay Residences, which stands at a skyscraping height of 51 storeys high and consists of a total of 428 units. Since its completion in 2005, it serves as an iconic landmark in our city’s skyline as a symbol of luxurious living in Singapore. From 2005 to 2022, the condominium transacted at an average indicative price of S$2,334psf, its historical high price reaching S$4,368psf for a 2,368sqft unit back in April 2011. Though already 17 years of age, Marina Bay Residences prices remain competitive, with a unit sold for S$4,311psf in September 2021 – almost on par with its record high sale – and another for S$3,500psf in June 2022.
Standing at the heart of the downtown core, Marina Bay Residences is just a stone’s throw away from the Central Business District. Apart from the grandeur of the waterfront view the apartments enjoy, residents are conveniently connected to other famous landmarks such as Marina Bay Sands and the ArtScience Museum for their retail and recreational needs.
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