Property in Aljunied area is gaining traction among property buyers. The area, which is Eastern city fringe, is near the city yet the property is affordably priced. Among the properties in Aljunied area are TRE Residences and Sim Urban Oasis.
TRE Residences is an upcoming development in Geylang East Avenue 1 a few minutes from Marina Bay Financial District and CBD next to Aljunied MRT. The development has 250 units in two blocks of 17 storeys each.
Units available include the dual-key penthouse and dual-key 4 bedrooms.
(An artist's impression of the TRE Residences)
Other than MRTs, major roads and expressways including Pan Island Expressway, East coast Parkway, also serve the area.
For the school-going children, TRE Residences is close to Chung Cheng High School, Kong Hwa and Geylang Methodist Schools.
Residents will also enjoy leisure activities at the developments facilities that include swimming pools, gym and wave pools. There also entertainment and recreation choices nearby since Marina Bay Sands, Gardens by the Bay, Singapore Sports Hub and East Coast Park are a few minutes away.
The neighborhood is renowned for the good food with eateries having a variety of cuisines for different tastes among them being frog’s legs, seafood, and Nasi Padang. The gourmet café trend evolving in the area is giving the neighborhood a modern edge.
Another property in Aljunied area is Sims Urban Oasis. The development on a 99-year lease is at the junction of Aljunied Road and Sims Drive. It also has close proximity to the Aljunied MRT, CBD, Marina Bay and near many learning institutions. The development has 1024 units comprising of 1 to 4 bedroom units including dual-key units, shops and a childcare centre.
The area is drawing in buyers who want to enjoy the perks of a city life at an affordable price. The buyers see the potential of property value to rise in an area that boasts of amenities of a neighborhood that is well established yet has room for growth and development.
Recent strong sales at the Park Place Residences also show potential in this area. Units hit a high of about S$2000 psf.