Irwell Hill Residences is an upcoming residential new launch located at Irwell Bank Road in Singapore’s District 9. With an expected height of 36 floors, residents can enjoy the magnificent views of the Singapore River or Marina Bay Sands.
Developed by award-winning company, City Developments (CDL), Irwell Hill Residences is the up and coming project set to become the talk of the town. The property can yield about 580 residential units within its 36-storey building. The site spans approximately 137,660 sq ft with a gross floor area of about 385,400 sq ft. Located in one of Singapore’s exclusive residential areas, the condo is conveniently within walking distance to schools, shopping malls, and MRT stations, making it one of the most anticipated property developments in the area. The condo also neighbours many other nearby residential projects, such as The Cosmopolitan and OUE Twin Peaks.
With its location inside the Central Business District (CBD), there is little doubt that Irwell Hill Residences will become one of the area’s highly coveted properties. There is an abundance of public amenities and facilities just a short distance away from the condo, providing the necessary conveniences without travelling far. For those who wish to experience the best of what Singapore can offer, all the best shopping, entertainment, and food in the country are just a few minutes’ drive around the neighbourhood. Since the condo is within URA’s Master Plan for the Central Area, residents of Irwell Hill Residences can expect developments and improvements in facilities, connectivity, business opportunity and general quality of life, making the stay there a pleasant experience.
Irwell Hill Residences is currently accessible through two MRT channels: Fort Canning MRT station (Downtown Line / DT 20) and Somerset MRT station (North-South Line / NS 23). Both of these stations are within a 5-minute drive or 15-20 minute walk from the condo. The condo is also close to the upcoming Great World City MRT Station (Thomson-East Coast Line / TE 15). The MRT station is set to open in 2022, and it will be only 5 minutes walk from the condo.
There are also plenty of bus stations nearby, making travelling around the neighbourhood a breeze.
Located within the Central Area, there are plenty of shopping malls and supermarkets near Irwell Hill Residences that provide unbeatable shopping and entertainment without the need to travel far. These include:
i. Great World City
This mall is just a 5-minute walk from the condo, and it offers a multitude of shopping options for residents of Irwell Hill Residences to get all the essentials they need.
ii. Valley Point
Just 600 metres away from Irwell Hill Residences is Valley Point, a compact shopping mall featuring a yoga studio, a fitness centre, a pet care centre, a massage & therapy centre, and several eateries.
iii. Tiong Bahru Plaza
Tiong Bahru Plaza consists of a 6-storey shopping complex as well as a 20-storey office tower block, and it features flea markets, a cinema, a playground, and plenty of stores. The mall is also directly linked to Tiong Bahru MRT Station on the East West Line, making it convenient to travel around the neighbourhood.
iv. Orchard Road Shopping Belt
The renowned Orchard Road Shopping Belt is less than 20 minutes’ walk from the condo, where there are almost endless selections of shopping malls to choose from. These include Ion Orchard, Ngee Ann City, The Paragon, 313@Somerset, Mandarin Gallery, Plaza Singapura, and Orchard Central.
v. FairPrice Orchard Grand Court
The 24-hour supermarket is just 2 minutes away from the condo by car, and it is perfect for those who do not have time during the day or those who prefer to do their groceries when it is less crowded.
There are plenty of reputable schools and learning institutions just minutes away from Irwell Hill Residences, which means parents would not have to drive their children very far for the best education they can get. Some of the schools are as follows:
Irwell Hill Residences is also close to Raffles Girls’ Secondary School and ISS International School, both around 15 minutes away from the condo depending on the traffic condition.
With so many eateries nearby Irwell Hill Residences, residents do not have to worry about lack of yummy cuisine options. Some notable restaurants are as follows:
Thanks to its strategic location, residents of Irwell Hill Residences are spoiled with choices for places they can visit for a little R&R. There are many places near the condo where families can visit and spend quality time together during the weekend. Some of them are:
i. Singapore Botanic Garden
Named as a UNESCO World Heritage Site, this 162-year-old tropical garden is only 6 minutes away by car. Visitors can spend the whole day looking at the various types of flowers and plants, as well as enjoy multiple attractions inside the garden.
ii. Fort Canning Park
This historical park houses plenty of interesting relics and incredible greenscapes in the heart of the Central Area, just 3 minutes drive from the condo.
iii. Gardens by the Bay
Gardens by the Bay is an award-winning urban park located 14 minutes away by car from Irwell Hill Residences. It consists of three waterfront gardens, each with its own unique character and features.
iv. Pearl’s Hill City Park
Located only 6 minutes away from Irwell Hill Residences, the 9-hectare city park is the perfect spot for those looking for some peace and tranquillity in the middle of the bustling city.
v. Tiong Bahru Park
Tiong Bahru Park is a 4 minutes’ drive from the condo, and it features a fun children’s playground as well as various fitness corners and exercise stations within its 3.3-hectare land area.
99-years leasehold development projects offer attractive advantages for the buyer, be it an own-stay purchase or an investment move.
With boutique Freehold projects making up the majority of new developments these days especially in traditionally prime districts like District 9, 10, and 11, a 99 Years Leasehold new development’s lower quantum price of atleast 15-20% of a Freehold property in the same area creates an attractive value and high demand for interested buyers.
Not only is the 99 Years Leasehold a great option to avoid “freehold premium” and hefty luxury furnishings price tag from developers, its affordable prices allows buyers to have a reasonable outlay on their property purchase. This certainly makes a difference for upgrading buyers, with the inclusion of ABSD (Additional Buyer Stamp Duties) since 2018, where 12% of a property’s price has to first be paid upfront even if the buyer has plans to sell their current property.
In comparison with its freehold neighbors, the 99 years leasehold projects also hold excellent potential for capital appreciation, since a higher volume of transactions can be expected in Leaseholds than in Freeholds which are generally regarded for legacy building and passing down through generations. Other factors such as initiatives outlined in the URA Master Plan for that particular district can also influence the appreciation value of the property.
Investment buyers wishing to rent out their property will also enjoy expected higher rental yields for the 99 year leaseholds in prime districts – since the leasehold’s combination of prime district addresses and excellent property amenities allows them to demand rental rates competitive with the freehold properties while having made less capital commitment upfront for his leasehold compared to a freehold owner.
City Developments Limited (CDL) is a leading global real estate operating company, and it is one of the largest companies by market capitalisation in Singapore. Since its birth in 1963, CDL has always positioned itself at the forefront of the real estate sector with dealings in property development and investment, hotel acquisition and management, facilities management and hospitality solution provisions. So far, CDL has developed over 46,000 houses and will be the largest commercial landlord with over 24 million square feet of gross floor area in commercial, hospitality and residential properties worldwide.
With more than 300 subsidiaries and associates under its belt, CDL has created a name for itself both locally and internationally, including the Philippines, Hong Kong, New Zealand, and London. In fact, the Group’s London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C), is one of the world’s largest hotel chains.
For 2021, CDL intends to roll out two projects towards the middle of the year: Irwell Hill Residences, a high-end private condominium at Irwell Bank Road in District 9 (core central region (CCR) of Singapore); and the upcoming redevelopment of Liang Court into a new integrated development, jointly with CapitaLand.
Notable past projects of theirs are such as Coco Palms, The Criterion, Commonwealth Towers, D’Nest, New Futura, The Brownstone, The Venue Residences and Shoppes, Bartley Ridge, Echelon, Haus @ Serangoon Garden, Jewel @ Buangkok, Lush Acres, South Beach Residences, The Inflora, Bartley Residences, Gramercy Park, H2O Residences, The Palette, The Rainforest, Blossom Residences, Nouvel 18, Hedges Park, Republic Plaza, City House, City Square Mall, The Glyndebourne, The Gale, Tree House, NV Residences, Shelford Suites, One Shenton, and St Regis Residences Singapore.
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