Singapore Property | Introducing 6 Mixed-Use Developments in Singapore ~ Living in a space that is well connected to transport systems, shopping malls, and Amenities delivers great comfort to residents. According to a study made by PropertyGuru, it was reported that nearby malls and eateries are one of the most important criteria among home buyers. This looks reasonable at a time where everyone is spending so much time at home.
Mixed-Use developments are residential development where the ground floors are used for shopping facilities and the residential floors are just on top of the shopping facilities. Mixed-Use development can be designed on land designated by URA and it ensures that 40% of the floor area is dedicated to commercial use and 60% can be allocated to residential use.
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The Mixed-Use development is convenient to live in because it is close to retail shops, transport infrastructure, and more. The only limiting factor of a Mixed-Use development is crowd, congestion, and parking. So, we would look at some mixed-use development in Singapore.
This condominium is an upcoming mixed-use development on Beach Road. It comes with 219 units on 33 floors and it is close to Central Business District (CBD). This condominium is suitable for young professionals.
2. Le Quest
This development is located at Bukit Batok West Avenue 6. It is a 99-year leasehold property located on top of a shopping mall.
The Tedge development is a freehold development that is expected to be unveiled in 2022. It is located on Changi Road which is about seven-minute away from Kembangan MRT. This development is a five-story development that offers 42 units, two restaurants, and two shops.
The Avenue South Residence is a new 99-year leasehold mixed-use development. It delivers an unblock view of the neighbourhood and the sea.
5. Lucky Plaza Apartments
This is a mixed-use development with a block of high-rise freehold apartments just above the shopping mall.
This mixed development in Singapore District 9 consists of hotel, service apartments, retail as well as residential units.