Property hunters are making a beeline for this luxury condominium perfectly located in the city fringe
July 16, 2018
At Stirling Residences’ official opening on June 30, a large crowd of prospective buyers thronged to see the attractive property, a testament to its high demand.
“The turnout was amazing,” recalls Emily Eng, executive director of the residential services division at OrangeTee & Tie, adding that buyers were coming from all over Singapore.
It seems that savvy property investors do not want to miss out on securing a unit at this coveted city fringe development.
They see it as a first-rate investment – and with good reason.
To determine if a property is worth putting money into, the right combination of location, quality, design and surrounding amenities is key.
If you look closely at these factors, it becomes immediately clear why Stirling Residences stands out.
This 1,259-unit condominium along Stirling Road is a mere three-minute walk to the Queenstown MRT station, well-served by established transportation nodesand easily connected to the Ayer Rajah Expressway (AYE) and Pan Island Expressway (PIE).
It also benefits from all the comprehensive public amenities that come with a mature estate at the city fringe.
Spread over almost 230,000 sq ft of land, Stirling Residences’ award-winning developers have more than enough space to create the lush setting that goes with its forest-themed landscaping.
And while it has unit sizes to meet all budgets – from one- through to four-bedroom apartments – over 60 per cent are one- and two-bedders, making them comparatively affordable investments.
Ms Eng points out that the East West Line from Queenstown MRT station goes directly to the Central Business District (CBD) and Jurong Lake District – slated to be the second CBD – providing a potential tenant pool from both CBDs as well the One-North R&D and high tech cluster in Buona Vista.
“There is also good potential for capital appreciation due to house-hunting by displaced homeowners from the many en bloc sales in the Rest of Central Region.”
Concurring, Eugene Lim, key executive officer of ERA Realty Network says investors who are looking to purchase new condominiums within the city fringe will take notice of Stirling Residences.
“Queenstown has traditionally been a highly sought-after location for tenants due to its convenient location and proximity to major centres of business and employment,” he explains. “Stirling Residences stands out as it is within walking distance to the Queenstown MRT station, and a short commute to the CBD, one-north/Buona Vista cluster, Singapore Science Park and Jurong Lake District.”
Apart from being located in coveted District 3, the condominium is just a short stroll from amenities such as Anchorpoint Shopping Centre, Ikea Alexandra, Queensway Shopping Centre, Alexandra Food Village and Mei Ling Market & Food Centre, noted Daniel Lim, director (project sales and marketing) at Huttons.
“Being close to major commercial nodes such as the Marina Bay Financial District, One-North and Grade A offices in Mapletree Business City, properties in District 3 have been able to enjoy high rental demand from executives looking to stay near Orchard and their workplaces.”
Observers are impressed by Stirling Residences’ luxurious finishings, as well as practical and very efficient layouts, and see the project both as an ideal investment and home.
“It should attract high interest due to its central location as well as the way it is designed,” says Huttons’ Mr Lim. “The three elevated towers offer breathtaking views for most units. The vast landscape is impressively designed to emphasise open space and luxury living. The layouts are also designed to maximise open space, light and the stunning views, which can be as far as Resorts World Sentosa in the south and the Jurong Industrial District in the west.”
ERA Realty Network’s Mr Lim cites the project’s remarkable list of 80 facilities as another highlight. “A childcare centre is also located within the development, which will appeal to young families.”
Stirling Residences is being developed by Logan Property and Nanshan Group, both of which are highly ranked amongst the Top 500 Chinese Enterprises.
“Logan is a proven player on the international stage,” notes OrangeTee & Tie’s Ms Eng. “Since Stirling Residences will be their flagship project, we can expect great value. As for Nanshan, a seasoned player here, their understanding of Singapore’s market will further complement this partnership.”
Since its launch, Stirling Residences’ showflat has been drawing a steady and eager crowd.
“Many of the buyers are investors who are convinced of the upside potential and proven rental demand in District 3,” says Ms Eng. “The fact that many of them are not residents of District 3 is proof of the draw of this project.”
With the overwhelmingly positive response from both investors and would-be homeowners, Stirling Residences is set to become the focus of astute property purchasers – and a plum investment for the future.