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Robertson Quay neighborhood has experienced a rise in sales activity especially near Martin Road and River Valley, as the preview of Martin Modern showflat approaches.

For instance, at RiverGate, a 3 bedrooms unit measuring 1,507 sqft located on 37th floor fetched $3.05 m ($2,024 psf) based on caveat lodged on April 12. RiverGate is a freehold development of 546 units fronting Singapore River. Completed in 2009, the project was jointly developed by Hwa Hong Corp and CapitaLand.

With 43-storeys, the project is a landmark since other projects nearby have a limit of 10-storeys including Robertson 100, 8 Rodyk, UP @ Robertson Quay, Robertson Blue and Watermark Robertson Quay.

Watermark Robertson Quay located on Rodyk Road had its 2 bedrooms unit on 6th floor measuring 883 sqft fetch $1.58 m ($ 1,790) based on April 12 caveats. The freehold project by Hong Leong Holdings with 206 units was completed in 2008.

Investor interest sparked by Roberson Quay revamp

Next to Watermark Robertson Quay is UP @ Robertson Quay project and M Social, a 293 room designer hotel adjoining it, a project by City Developments. The hotel is managed by Millennium & Copthorne, a hotel arm of CDL listen in London. UP @ Robertson have 70 units in a mix of 1 and 2 bedrooms apartments with loft style. Its launch was in mid-2012 and completed in 2016.

The neighborhood of Robertson Quay is going through a makeover. In 2016, 3 new hotels were opened, the current one being The Warehouse Hotel, a boutique hotel with 37 rooms by Lo & Behold Group. Sheraton Singapore launched Four Points of 476 rooms in 2016 after rebranding it with a makeover of $25 million from the previous Riverview Hotel.

M Social was opened in early 2016, and then Inter-Continental Singapore Robertson Quay with 225 rooms followed replacing the previously known Gallery Hotel.

The Martin Road-Martin Place area has had no new launches since Starlight Suites in 2010. The freehold project with 105 units in a tower of 35-storeys had its completion in 2014. The 23 units remaining were sold to Evia Capital for $48 million in 2016 to prevent the developer from paying the extension charges.

Next to Starlight Suites is Martin Modern that is coming up, a luxury condominium by GuocoLand with 450 units. According to SRI managing partner, Benson Koh, the project is expected to have a high take up when it is launched.

Although prices have not been released, its marketing agency, PropNex Realty has indicated $2,300 psf to be its average price.

GuocoLand acquired the 480,307sqft site, in June 2016 at $595 million ($1,239 psf ppr) in a government land tender. The site, on a 99-year leasehold front Martin Place Residences and it was hotly contested as it attracted 13 bids.

More brand new units can be found in Gramercy Park; in District 10 and The Asana Condo; another Freehold development in the same district.

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