Bloomsbury Residences Review: Is Worth the Investment?

This new launch is a 99-year leasehold condominium project at 61–65 Media Circle Road. Jointly developed by Qingjian Realty and Forsea Holdings, it offers around 355–358 units.

Key selling points include smart home features and a location near major business clusters. In this review, I will share details on pricing, layout, and facilities to help you decide if this project suits your goals.

Key Considerations

1. Capital Appreciation: Projects near One-North often see steady resale and rental demand.
2. Pricing: An estimated S$1,191 psf land cost suggests competitive launch prices between S$2,200 to S$2,600 psf.
3. Amenities: Well-designed but may be less extensive than some mega-developments.
4. Timeline: Showflat in Q1 2025, completion by 2029.

Project Overview

What is Bloomsbury Residences?

Bloomsbury Residences sits in District 5, an area close to Buona Vista and One-North. These zones attract tech, media, and biomedical professionals. The development consists of three towers (15–28 storeys) with ground-level commercial spaces for additional convenience.

Key Highlights:

• TOP (Estimated): 2029
• Unit Types: 1- to 5-bedroom apartments and penthouses
• Smart Home Systems: Automated lighting, temperature control, and security
• Location Benefits: One-North MRT and the Ayer Rajah Expressway are nearby

Fact Sheet

These figures indicate a mid-sized project in District 5. Developers Qingjian Realty and Forsea Holdings have delivered quality projects in the past. Families and professionals can expect a focus on tech integration and everyday conveniences.

Floor Plan Analysis

Layout Overview

Precise details will be released closer to the Q1 2025 preview. The designs may include open kitchens and flexible spaces for work or leisure.

Design Highlights

• Open-Concept Layouts: More sunlight and better air flow.
• High-Quality Materials: Marble countertops and designer fixtures.
• Flexi Units: Some layouts may have a study area or convertible room.

Site Plan and Facilities

Bloomsbury Residences covers 10,632.1 sqm, featuring green landscaping and communal spaces:

Key Facilities:

• 50m Lap Pool & Gym: Suitable for daily exercise
• Clubhouse & BBQ Spaces: For residents who enjoy hosting gatherings
• Children’s Playground: A dedicated space for kids
• Yoga Decks & Spa Corners: A calm retreat from busy city life

Surrounding Amenities

• Education: Close to ACS (Independent), NUS, NTU
• Retail & Dining: Star Vista, Holland Village, Fusionopolis
• Transport: One-North MRT, AYE
• Security: Round-the-clock coverage with CCTV and concierge services

Having daily needs met within a short distance can be crucial for busy professionals. For me, the short commute and quick access to groceries and dining help maintain a simpler daily routine.

Developer Profile

Qingjian Realty and Forsea Holdings are known for well-received properties like Jadescape and Le Quest, which emphasize eco-friendly features and energy-saving systems. Expect a similar approach in Bloomsbury Residences, with advanced technology built into everyday living.

Bloomsbury Residences

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In urban environments, the fusion of functionality and aesthetics is crucial for creating living spaces that are both practical and visually appealing. Impeccable design principles play a key role in optimizing the layout and utilization of space in urban dwellings.

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Connectivity and Accessibility

MRT Networks

• One-North MRT (Circle Line): Around 800m, approx. 10 minutes on foot
• Buona Vista MRT: Interchange for Circle and East-West Lines

Expressways

• Ayer Rajah Expressway (AYE): Quick path to the CBD and western areas
• West Coast Highway: Links to Sentosa and Jurong Lake District

Bus Routes

Bus services 95, 191, and 200 provide connections to key offices, NUS, and The Star Vista.

Amenities and Lifestyle

Retail and Dining

• The Star Vista: Wide range of dining and retail
• Holland Village: Popular for cafes and nightlife
• Rochester Mall: Ideal for casual dining

Recreational Facilities

• On-Site: Lap pool, gym, clubhouse, BBQ zones
• Nearby: Queenstown Sports Centre, Dawson Place

Schools and Education

• New Town Primary School: Within walking distance
• Fairfield Methodist School (Primary): Within 1km
• Anglo-Chinese School (Independent): Short commute
• NUS: Around 10 minutes by car
• INSEAD Asia Campus: Close for those pursuing executive programs

Nature and Parks

• Kent Ridge Park: Scenic trails and historical points
• HortPark: Themed gardens and child-friendly zones
• Southern Ridges: Elevated walkways linking multiple parks

Healthcare

• National University Hospital (NUH): About 15 minutes by car
• Ng Teng Fong General Hospital: Accessible via the AYE

Investment Potential

Comparative Market Analysis (CMA)

(*Projected figure based on early estimates.)

Pricing Insights:

• Bloomsbury’s estimated land cost is around S$1,191 psf, positioning it competitively.
• Launch prices in the S$2,200–2,600 psf range place it among similar new launches in District 5.

Nearby Condo Rental Performance

Observations:

• One-North Eden has an occupancy rate of 95%+ and has recorded a 12% price increase since its 2022 launch.
• Blossoms By The Park has seen 8% appreciation post-TOP.
• Bloomsbury Residences, with a similar profile, might achieve 3.8–4.5% yields if demand remains high.

Appreciation Analysis

Historical data in One-North suggests consistent growth. URA plans for more commercial and residential developments in this precinct. The presence of corporate tenants often boosts rental demand.

Simple Data Chart: Price Trends (Hypothetical Example) Table

Below is a simplified table imagining potential shifts in average prices (PSF) for Bloomsbury Residences and selected peers over the next few years. Please note these figures are for illustration only:

Key Takeaways from the Table

• The data shows a trend of gradual price increases.
• Bloomsbury’s pricing is projected to be in line with nearby launches, indicating potential for capital gains if the market stays active.