Strong Interest In Mixed Use Projects In Singapore Property Market

Press Release • Jul 30, 2012

Singapore property market is experiencing strong interest in mixed use projects as more buyers appreciate the convenience offered.

Online, July 30, 2012 (Newswire.com) - Mixed use projects in Singapore typically comprise of residential units and commercial units such as shops or offices. Mixed use projects in Singapore property market is becoming the latest big thing here. Developers are finding it irresistible to bid for sites with mixed-use tag, as some recent en bloc sales will testify to this.

In March this year, a freehold mixed use Seletar Garden project was sold for S$96.2 million to a consortium led by Oxley Holdings. This is well above expectations. This site can be redeveloped into new mixed use project.

There is similar level of strong interest from home buyers as well. Buyers have realized that mixed use projects offer unique advantage and potential over traditional single use projects. Mixed use projects is more convenient for owners who has to shop for necessities because there is no need to travel. Having shops within the project also add more vibrancy to the living environment. However, buyers need to be aware that not all residential component of a mixed use project has been classified as condominium, which means they may not have full condominium facilities. There are slight differences in classifying Singapore condominium and apartments.

Among the latest mixed use project recently launched is Eon Shenton. Eon Shenton is located within the financial heart of Singapore. This rare mixed development project comprised of shops, offices and residential units. Units either enjoy the spectacular sea view or the city view. Office units are also designed with high ceilings of almost 5 metres and good quality finishing. It is also a short walk to the nearby Tanjong Pagar MRT train station.

Local Singaporean or foreigners looking to invest in Singapore Property should check out http://www.BuyRentSingapore.Com or http://www.BuyRentSingaporeProperty.Com to get an overview of Singapore property listing available and the latest promotional offers.