The Reserve Residences: How Does It Compare to Nearby Condominiums?

Main Takeaways

1. Strategic Location: The Reserve Residences offers excellent connectivity with proximity to key amenities and transport options.
2. Diverse Unit Mix: The project caters to various needs with a range of unit types, from one-bedroom apartments to spacious four-bedroom units.
3. Investment Potential: Given its prime location, reputable developer, and competitive pricing, The Reserve Residences presents a strong investment opportunity.

Project Details

The Reserve Residences is an integrated development located within one kilometer of Methodist Girls’ School and Pei Hwa Presbyterian Primary School. Developed by Far East Organization, this project promises a blend of residential, retail, and commercial spaces, making it a self-sufficient hub for its residents.

Floor Plans

The Reserve Residences offers a variety of floor plans to suit different preferences and needs. Each unit is designed to maximize space and natural light, with modern finishes and efficient layouts.

One-Bedroom Units

Ideal for singles or couples, these units range from 400 to 600 sq. ft. They feature an open-plan living area, a compact kitchen, and a cozy bedroom.

Two-Bedroom Units

Perfect for small families, these units range from 700 to 1,000 sq. ft. They include a spacious living area, a well-appointed kitchen, two bedrooms, and two bathrooms.

Three-Bedroom Units

These units, ranging from 1,100 to 1,500 sq. ft., cater to larger families. They offer a generous living space, a kitchen with ample storage, three bedrooms, and two to three bathrooms.

Four-Bedroom Units

Designed for those needing more space, these units range from 1,600 to 2,000 sq. ft. They feature a large living area, a gourmet kitchen, four bedrooms, and multiple bathrooms.

Unit Mix

Site Plan

The site plan of The Reserve Residences is thoughtfully designed to ensure convenience and privacy for its residents. Key features include:

• Central Pool Area: Positioned away from the main roads to minimize noise.
• Retail and Dining Hub: Located at the ground level for easy access.
• Green Spaces: Strategically placed to provide a buffer from surrounding roads.
• Parking Facilities: Ample parking spaces with designated visitor parking.
• Security: 24/7 security with controlled access points.

Price Range & PSF

The pricing for units at The Reserve Residences is competitive, given its prime location and amenities. Key points include:

• One-Bedroom Units: $1.2M – $1.5M ($3,000 psf)
• Two-Bedroom Units: $2M – $2.8M ($2,800 psf)
• Three-Bedroom Units: $3.1M – $3.5M ($2,600 psf)
• Four-Bedroom Units: $4.2M – $5M ($2,500 psf)

The Reserve Residences

Urban Living with Impeccable Design

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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Pricing Comparison with Nearby Condominiums

The Reserve Residences is a notable development offering a blend of residential and commercial spaces, strategically positioned to cater to both end-users and investors. This article provides a detailed comparison of its pricing with nearby condominiums, highlighting key factors such as price per square foot (PSF), completion year, total units, and unit types.

The Reserve Residences

• Price Range: From $1.11M to $8.442M
• Price per Square Foot (PSF): $2,300 to $2,460 psf, with some units reaching up to $2,790 psf
• Completion Year: 2028
• Total Units: 732
• Unit Types: 1, 2, 3, 4, 5 bedrooms

Nearby Condominiums

Pine Grove

• Price Range: $1.38M – $1.99M
• Price per Square Foot (PSF): $1,060 to $1,186 psf
• Completion Year: 2027
• Total Units: 520
• Unit Types: 1, 2, 3, 4, 5 bedrooms

Bukit Timah Link GLS

• Price Range: From $2.38M
• Price per Square Foot (PSF): $2,471 psf
• Completion Year: Not specified
• Total Units: 160
• Unit Types: Not specified

Parc Clematis

• Price Range: $705K – $3.63M
• Price per Square Foot (PSF): $1,580 to $2,201 psf
• Completion Year: 2023
• Total Units: 1,468
• Unit Types: 1, 2, 3, 4, 5 bedrooms

The Reserve Residences offers a competitive price per square foot (PSF) compared to nearby developments. Its pricing is higher than Pine Grove and Parc Clematis but justifies this with its integrated development featuring a transport hub and comprehensive amenities. This makes it an appealing choice for both investors and homeowners seeking convenience and value.

Transport & Location

Location

The Reserve Residences is strategically located at 9 Jalan Anak Bukit, Singapore 589603, within the Bukit Timah area (District 21). This prime location offers residents the convenience of being close to various amenities and natural attractions.

Integrated Transport Hub

One of the standout features of The Reserve Residences is its integration with a transport hub, which includes:

• Direct Connection to Beauty World MRT Station: The development is directly connected to the Beauty World MRT station via an underground passageway, providing seamless access to the Downtown Line. This makes commuting to key destinations such as the Central Business District, Marina Bay Sands, Orchard Road, and Clarke Quay quick and convenient.
• Bus Interchange: The development also includes a fully air-conditioned bus interchange, enhancing the public transport options available to residents.

Accessibility

• MRT Connectivity: With Beauty World MRT station just a 3-minute walk away, residents can easily access the MRT network. Key destinations such as Botanic Gardens, Orchard Road, and one-north are just a few stations away.
• Road Connectivity: The Reserve Residences is conveniently located near major expressways, including the Pan Island Expressway (PIE), making it easy to travel to other parts of Singapore by car.

Nearby Amenities

• Shopping and Dining: The development features a 4-storey retail mall with a supermarket and childcare center, providing residents with a wide range of shopping and dining options within the development itself. Additionally, nearby shopping centers such as Beauty World Plaza and Bukit Timah Shopping Centre offer more retail and dining choices.
• Nature and Recreation: The Reserve Residences is located near Bukit Timah Nature Reserve and Rifle Range Nature Park, offering residents easy access to green spaces and outdoor activities.
• Educational Institutions: Several reputable schools are located nearby, including Pei Hwa Presbyterian Primary School, Ngee Ann Polytechnic, Nanyang Girls’ High School, National Junior College, and Hwa Chong Institution, making it an ideal location for families with school-going children.

The Reserve Residences offers unparalleled connectivity and convenience with its integrated transport hub, direct MRT access, and proximity to major expressways. Coupled with a comprehensive range of amenities and nearby natural attractions, it provides a highly attractive living environment for residents.

Developer Reputation

Far East Organization is a well-established developer with a strong track record in Singapore’s real estate market. Known for their high-quality developments and commitment to customer satisfaction, they have consistently delivered projects that stand the test of time.

Investment Potential

Investing in The Reserve Residences involves weighing several key factors, including price appreciation, rental yield, comparative analysis with nearby developments, and future growth potential. Here’s a detailed look at the pros and cons to help you make an informed decision.

Pros

1. Strategic Location and Connectivity

• Integrated Transport Hub: Direct connection to Beauty World MRT station and an integrated bus interchange provide excellent connectivity, enhancing the attractiveness for both residents and tenants.
• Proximity to Amenities: Located near shopping centers, dining options, and nature reserves, offering a balanced lifestyle.

2. Strong Sales Performance

• High Initial Sales: The Reserve Residences sold 71% of its units during the launch weekend, indicating strong demand and market confidence.

3. Price Appreciation Potential

• Historical Performance: Properties near MRT stations and shopping malls have shown significant price appreciation. The Reserve Residences, being an integrated development, is likely to follow this trend.
• Future Developments: The ongoing and planned developments in the Beauty World area, including the Bukit Timah-Rochor Green Corridor and the transformation of Bukit Timah Turf City, are expected to uplift property values further.

4. Rental Yield

• High Demand for Rentals: The proximity to educational institutions and business hubs makes it attractive for expatriates and professionals, potentially offering strong rental yields.

Cons

1. High Initial Cost

• Price per Square Foot (PSF): The Reserve Residences is priced from $2,300 to $2,460 psf, which is on the higher side compared to some nearby developments. This could be a barrier for some investors.

2. Market Conditions

• Economic Uncertainty: The global economic climate and recent property cooling measures in Singapore could impact future price appreciation and rental demand.

3. Potential Construction Disruptions

• Future Redevelopments: Planned redevelopments in the Beauty World area might lead to noise and dust pollution, which could be a temporary inconvenience for residents.

Key Factors to Consider

1. Price Appreciation

• Historical Data: Properties in integrated developments typically appreciate well. The Reserve Residences’ strategic location and connectivity are strong indicators of future price growth.

2. Rental Yield

• Tenant Pool: The proximity to schools, business hubs, and transport links makes it attractive for tenants, potentially ensuring a steady rental income.

3. Comparative Analysis

• Nearby Developments: Compared to other new launches like Pine Grove and Bukit Timah Link, The Reserve Residences offers competitive pricing with the added advantage of being an integrated development.

4. Future Growth

• Urban Renewal: The planned enhancements in the Beauty World area, including new green corridors and improved public transport, are likely to boost the area’s desirability and property values.

Conclusion

The Reserve Residences presents a compelling investment opportunity due to its strategic location, strong initial sales, and future growth potential. However, the high initial cost and potential market uncertainties should be carefully considered. If you are looking for a property with strong connectivity, good rental yield prospects, and significant future appreciation potential, The Reserve Residences is worth considering.