Union Square Residences, a 99 Years condominium development in District 1, offers approximately 366 residential units suitable for families and professionals. Developed by City Developments Limited (CDL), the project is conveniently located on 20 Havelock Road, just a 6-minute walk from Clarke Quay MRT Station. The development features a variety of unit types ranging from 1-5 bedrooms to cater to different buyer preferences. Its proximity to Clarke Quay MRT station ensures excellent connectivity to public transport, making it an attractive choice for residents. Showflat Preview On 9 Nov 2024.
Union Square Residences
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- Convenience Beyond the Doorstep: While Clarke Quay MRT provides immediate connectivity, a well-developed bus network is essential. Evaluate the bus routes and assess their efficiency in connecting you to your workplace or frequented areas.
- Proximity to Major Transportation Routes: The development provides easy access to major transportation routes, ensuring residents can navigate the city with ease. This accessibility is a significant advantage for daily commuters and anyone looking to explore Singapore.
- Luxurious Amenities: Residents of Union Square Residences can enjoy a wide range of luxurious amenities. These include state-of-the-art fitness centers, refreshing swimming pools, serene spa facilities, and more, catering to the discerning needs of its residents.
- Developed by reputable companies: Union Square Residences is by City Developments Limited (CDL), being established developers in Singapore. This can give potential buyers assurance on the quality of construction and overall project management.
The Buying Process for Union Square Residences
Union Square Residences Showflat on 9 Nov 2024
Union Square Residences Factsheet
| Project | Union Square Residences |
| Tenure | 99 Years |
| Developer | City Developments Limited (CDL) |
| Plot Ratio | 2.8 |
| No. of Units | Est 366 Units |
| No. of Storeys | Est of 34,40 storeys |
| Site Area | 148,810 sq ft | 13,824.8 sq m |
| Address | 20 Havelock Road |
| District | 1 |
| Neighbourhood | Clarke Quay |
| Expected TOP | 2028 |
| Description | Union Square Residences, situated at 20 Havelock Road in D1, stands as a project by City Developments Limited (CDL). This development presents a diverse selection of 1-5 bedroom units, catering to a broad spectrum of buyers and investors. For a detailed exploration of Union Square Residences, visit https://nexthomesg.com/properties/union-square-residences/. |
Location – Neighbourhood & Transportation
Location Analysis of Union Square Residences
Address and District
Union Square Residences is located at 20 Havelock Road, Singapore, in District 01, which includes the Boat Quay, Raffles Place, and Marina area.
Proximity to Central Business District (CBD) and Key Areas
- The development is conveniently close to the Central Business District, making it ideal for professionals working in the area.
- It is also a short drive away from Orchard Road, Singapore’s renowned shopping and entertainment district.
- Marina Bay, known for its financial centers and lifestyle attractions, is just minutes away from Union Square Residences.
Accessibility and Public Transport
- For public transport users, the residence is near Fort Canning MRT station and Clarke Quay MRT Station, providing access to the North-East Line (NE5) and Downtown Line (DT20).
- Drivers can easily reach major expressways like the Central Expressway (CTE) and Marina Coastal Expressway (MCE) for island-wide connectivity.
Nearby Amenities
Nestled at 20 Havelock Road, Union Square Residences offers unparalleled access to a multitude of amenities that enhance urban living. Here’s a closer look at what you can expect:
Shopping and Dining
- Clarke Quay Central Shopping Mall: Just a short walk away, this vibrant precinct boasts a variety of retail and dining options.
- Orchard Road: A 5-minute drive takes you to this famous shopping district, home to luxury stores and international hotels.
- People’s Park Centre: Nearby, offering diverse shopping and dining experiences.
- Hawker Centres: Enjoy affordable, tasty meals at Chinatown Complex Market & Food Centre, Maxwell Food Centre, Hong Lim Market & Food Centre, and Kukoh 21 Food Centre, all within a kilometer.
Recreational and Green Spaces
- Fort Canning Park: This historical park is within walking distance, featuring expansive lawns and ancient artifacts.
- Pearl’s Hill City Park: A tranquil green oasis 600 meters away, perfect for relaxation.
- Singapore River Promenade: Ideal for jogging, cycling, and leisurely activities.
Educational Institutions
- River Valley Primary School: Located within 1 km, providing quality education for young children.
- St. Margaret’s School (Primary): Just 2 km away.
- Singapore Management University (SMU): Nearby, offering higher education opportunities.
- School of the Arts (SOTA): Close by, providing specialized arts education.
Medical Facilities
- Singapore General Hospital (SGH): Comprehensive healthcare is within 1 km, along with Outram Medical Campus, Outram Community Hospital, Outram Polyclinic, and Singapore National Eye Centre.
Cultural and Entertainment
- Clarke Quay: Renowned for its vibrant nightlife with pubs, bistros, cafes, and riverside dining options.
- Chinatown: Offers a rich cultural experience with old shophouses and diverse offerings.
- Cultural Hotspots: Explore Singapore’s history and vibrant arts scene with nearby landmarks.
Additional Amenities
- Supermarkets: Sheng Siong Supermarket (170m), Cold Storage UE Square (420m), and NTUC Fairprice (470m) are all conveniently located.
- Business and Financial District: Close proximity makes it ideal for professionals seeking an easy commute.
Union Square Residences provides a complete urban living experience with its strategic location and an array of amenities. Embrace a fulfilling lifestyle with everything you need right at your doorstep.
Floor Plans & Site Plan
Floor Plans Analysis
Union Square Residences at 20 Havelock Road offers a variety of units ranging from 1 to 5 bedrooms to meet diverse customer needs. However, specific details regarding the size and layout of each unit type are not available in the provided sources. Interested parties are advised to reach out to the developer or register interest for the latest updates on floor plans.
| Unit Type | Size (sqft) |
|---|---|
| 1 Bedroom+Study | 506-710 |
| 2 Bedroom | 603-829 |
| 3 Bedroom | 883-1,281 |
| 4 Bedroom | 1,270-1,518 |
| 5 Bedroom | Up to 1,765 |
Site Plan Analysis
Union Square Residences is an exciting mixed-use development situated at 20 Havelock Road, Singapore. This modern complex features a total of 366 residential units alongside a variety of commercial spaces. The project is designed to cater to urban living, offering luxury and convenience in one of Singapore’s most coveted locations.
Key Features of the Development
- Residential Units: A block of 40-storey residential flats, with commercial units located on the first and second floors.
- Office Space: A 20-storey office tower that includes dedicated retail units, enhancing the commercial appeal of the area.
- Hotel and Commercial Space: A 3-storey hotel complemented by additional commercial facilities to accommodate both guests and locals.
- Parking Facilities: One basement carpark providing ample parking for residents and visitors.
- Conservation Buildings: Additions and alterations to two blocks of conservation buildings, preserving the heritage while integrating modern amenities.
Development Specifications
| Feature | Specification |
|---|---|
| Total Residential Units | 366 |
| Total Gross Floor Area | 735,500 sqft |
| Site Area | 81,660 sqft |
| Residential Building Height | 40 storeys |
| Office Tower Height | 20 storeys |
| Hotel Building Height | 3 storeys |
Prime Location Benefits
Union Square Residences is strategically located in Singapore’s District 1, placing it close to key commercial areas and vibrant entertainment hubs. Residents will enjoy easy access to:
- Transportation links: Efficient public transport options for seamless commuting.
- Shopping and dining: A plethora of retail and dining options within walking distance.
- Cultural attractions: Proximity to various cultural and recreational sites, enriching the urban living experience.
This development not only transforms the site into a vibrant community space but also meets the demands of modern urban dwellers looking for a blend of luxury and accessibility.
Strategic Development: The redevelopment plan for Union Square Residences falls under the Urban Redevelopment Authority’s Strategic Development Incentive Scheme. This indicates a focus on revitalizing the area and complementing the regeneration plans for the Singapore River planning area.
Price List & Price Background
Union Square Residences is set to make a significant impact in Singapore’s real estate market with its expected launch prices ranging from $2,800 to $3,800 per square foot (psf).While specific pricing details remain pending, potential buyers can look at indicative prices based on various unit types and sizes.
| Unit Type | Size (sq ft) | Price | Price Per Square Foot (S$) |
|---|---|---|---|
| 1 Bedroom | 463 | From S$1.38 million | 2,981 |
| 1 Bedroom + Study | 506 | From S$1.49 million | 2,945 |
| 2 Bedroom | From 700 | From S$1.998 million | 2,854 |
| 2 Bedroom + Study | From 743 | From S$2.18 million | 2,934 |
| 3 Bedroom | 990 | From S$2.82 million | 2,848 |
| 3 Bedroom Premium | 1,066 | From S$3.16 million | 2,964 |
| 4 Bedroom Premium | 1,518 | From S$4.62 million | 3,043 |
| 5 Bedroom Sky Suite | 2,476 | From S$9.288 million | 3,751 |
The pricing starts from S$2,848 psf, with the 5 Bedroom Sky Suite commanding the highest price per square foot at S$3,751.
Expected Price Range
| Expected Price Range |
|---|
| $2,800 – $3,800 psf |
The price list for Union Square Residences, including the minimum and maximum prices for each unit type, is not explicitly detailed in the provided sources. The information indicates that the price range for each unit type is updated periodically, but exact figures are not disclosed. Potential buyers are encouraged to check the Balance Units Chart for the latest unit availability and to book an appointment to view the Union Square Residences Showflat for direct developer prices and VVIP Discounts.
unit mix
The following table outlines the different unit types available at Union Square Residences along with their respective sizes:
| Unit Type | Size (sqft) |
|---|---|
| 1 Bedroom | 463 |
| 1 Bedroom + Study | 506 |
| 2 Bedroom | 700 |
| 2 Bedroom + Study | 743 |
| 3 Bedroom | 990 |
| 3 Bedroom Premium | 1,066 |
| 4 Bedroom Premium (Private Lift) | 1,518 |
| Sky Suite 5 Bedroom Premium (Private Lift) | 2,476 |
| Penthouse 5 Bedroom | 4,833 |
Price Background
Several factors contribute to the pricing strategy for Union Square Residences:
- Prime Location: Situated in District 1, the development benefits from its central location, which elevates its market value.
- Acquisition Cost: The site was purchased by CDL for $315 million in December 2021, influencing overall project costs and pricing.
- Mixed-Use Development: This project is designed to be a vibrant lifestyle hub, integrating residential units with office, retail, and hotel spaces.
- Market Conditions: Current trends in the construction industry and land prices are affecting pricing decisions.
- Accessibility: The close proximity to Clarke Quay MRT station and the Central Business District (CBD) enhances its appeal and justifies the premium pricing.
Final prices will be confirmed as the launch date approaches. Interested buyers are encouraged to reach out to the developer or sales team for the latest information on pricing.
Developer Background
Developer Information Union Square Residences, situated at 20 Havelock Road in Singapore, is developed by City Developments Limited (CDL), a well-established real estate company with a strong presence locally and globally.
Experience:
- CDL boasts over 50 years of experience in the real estate sector.
- The company’s diverse portfolio includes residential properties, hotels, serviced apartments, integrated developments, shopping malls, and offices spread across 29 countries.
Innovation and Sustainability:
- CDL is recognized for its commitment to innovation, excellence, and sustainable practices.
- The company has been lauded for its green building innovations and sustainability initiatives, receiving multiple accolades for its environmental responsibility efforts.
Global Presence:
- CDL owns more than 18 million sqft of lettable floor space worldwide.
- With a track record of building over 40,000 homes globally, CDL demonstrates its expertise in developing high-quality and sustainable living spaces.
Corporate Social Responsibility:
- Emphasizing corporate social responsibility, CDL strives to enhance lives globally.
- The Union Square Residences exemplify CDL’s capability to craft luxurious and sustainable living environments that offer residents the finest amenities in Singapore.
Contact Sales
Union Square Residences
20 Havelock Road
Should You Invest in Union Square Residences?
Location and Connectivity
Union Square Residences, situated at 20 Havelock Road in District 02 – Chinatown / Tanjong Pagar, boasts a prime location in the Rest of Central Region of Singapore. Its proximity to key areas such as Orchard Road, the Central Business District (CBD), and Marina Bay significantly enhances its appeal. The development enjoys excellent access to public transport, with Fort Canning MRT station and Clarke Quay MRT Station within walking distance, providing convenient access to the Downtown Line and North-East Line respectively. For drivers, the Central Expressway (CTE) and Marina Coastal Expressway (MCE) are conveniently located nearby, offering island-wide access.
Developer Reputation
Union Square Residences is developed by City Developments Limited (CDL), a prominent Singapore-listed company known for its extensive experience and strong track record in the real estate industry. CDL’s global presence across 106 locations in 29 countries and regions underscores its credibility and expertise.
Mixed Development Advantage
As a mixed development comprising 366 residential units and 31 commercial units, Union Square Residences offers a vibrant living environment with convenience at its core. This blend of residential and commercial spaces is expected to attract a diverse mix of tenants and homeowners, fostering a healthy demand for rental and resale opportunities.
Investment Considerations for Union Square Residences
Union Square Residences stands out as a notable investment opportunity, particularly due to its prime location in Singapore’s bustling District 1. This area is recognized for its vibrant financial sector and proximity to key lifestyle attractions. With a strong rental yield potential and promising capital appreciation prospects, this property appeals to investors looking to capitalize on Singapore’s dynamic real estate market.
Rental Yield Potential
Union Square Residences is strategically located near the Central Business District (CBD) and popular lifestyle destinations such as Clarke Quay and Robertson Quay. This prime positioning is expected to drive robust rental demand from expatriates and professionals seeking convenience and accessibility.
- Key advantages include:
- Close proximity to major business hubs like Marina Bay, Shenton Way, and Orchard Road.
- High demand for rental properties from a diverse professional demographic.
While specific rental yield figures are not available, the overall sentiment indicates that Union Square Residences is well-positioned to deliver competitive rental returns compared to other properties in District 1.
Capital Appreciation Prospects
The long-term capital appreciation potential of Union Square Residences appears promising. The ongoing gentrification and enhancements in the surrounding neighborhood bode well for future property values.
- Factors contributing to appreciation include:
- Singapore’s residential property market is projected to maintain steady growth into 2024.
- Continued demand for luxury homes in sought-after locations like District 1.
- Limited availability of new luxury properties in the CBD, which is expected to drive prices higher.
The combination of these elements establishes a favorable environment for capital growth, making Union Square Residences an appealing option for discerning investors.
Market Trends & Insights
Recent market trends reinforce the notion that investing in Union Square Residences could be timely. Experts express cautious optimism for Singapore’s property market as it heads into 2024, with expectations of steady growth despite external economic pressures.
- Key trends include:
- Luxury home prices increased by 3.1% in 2023, indicating resilience in the prime residential market.
- Sustained demand for luxury housing driven by a growing number of wealthy individuals who view real estate as a valuable asset class.
- Average gross rental yields in Singapore reached 4.35% as of Q2 2024.
However, investors should also remain mindful of potential challenges such as rising interest rates, economic uncertainties, and government measures aimed at cooling the market, which might influence price growth and speculative interest.
