Bukit Timah first became one of Singapore’s most coveted residential districts in the 1900s, in the wake of renowned schools including the University of Singapore (later the National University of Singapore), Chinese High School, Chinese Girl’s High School and Anglo-Chinese School erecting their institutions within the vicinity. Several industrial giants – Cold Storage Dairy Farm, Ford Assembly Plant, and Eveready Batteries – also set up their plants here.1 Today, Bukit Timah is marked by prestige, as a constellation of illustrious schools and lavish homes dot the locale.
The Rail Corridor at Bukit Timah. Image Credit: Shawn TME | Shutterstock
Presenting You with the Finer Things in Life
Juniper Hill is poised to accentuate the eminence of Bukit Timah. One of three sterling developments in the Bukit Timah Collection by Allgreen Properties, this freehold project embodies the splendour of living in the heart of District 10 – residents can even enjoy complimentary concierge services by Shangri-La*, a dignitary for impeccable hotels and resorts across the globe.
A multitude of Singapore’s premier lifestyle destinations is a stone’s throw away from Juniper Hill. The Singapore Botanic Gardens is just an MRT stop away, while the glitz and glamour of Orchard Road is a ten-minute drive away. Grab Sunday brunch with the family, or make a date for more recherché bites at epicurean enclaves like The White Rabbit or Au Petit Salut at Dempsey or Harding Road, only a few minutes away by car. Meanwhile, you can get your fill of local comfort food a short drive away at Holland Village.
Image Credit: Anthony Hall | Shutterstock
Families in Juniper Hill will delight in the short commutes to the top schools in this swanky precinct. Anglo-Chinese School (Primary), Anglo-Chinese School (Barker Road), Singapore Chinese Girls’ School, Raffles Girls’ School and St. Joseph’s Institution are all less than 1km away.
Stevens MRT station is only 600m away from the project. Once the third phase of the Thomson-East Coast Line is completed in 2021, the MRT station will become an interchange on this new MRT line, providing direct train access to Shenton Way and Gardens by the Bay.
A Golden Opportunity for Investors
Homes in Bukit Timah usually fetch a premium, owing to the myriad of amenities nearby and its proximity to the city. Fourth Avenue Residences, another project in the Bukit Timah Collection, has seen strong sales after last year’s cooling measures; almost half of its available units were sold during its launch in January this year. The average sales price of Fourth Avenue Residence edged up as the year progressed, rising from a strong position of $2,375 psf during its launch to $2,411 psf in April 2019 as a 710 sq ft unit transacted at the price of $2,552 psf.
The resilience of the properties in Bukit Timah is fortified by the rising income and affluence of Singaporeans, as well as cash-rich en bloc sellers looking for new homes or investment properties. In addition, around 30,000 HDB flat owners will meet their five-year Minimum Occupation Period each year from 2019 to 2022 – a rate three times higher than the past decade. The real estate market is set to experience sustained demand in the coming years as the population of HDB upgraders grow.
Along with steadily rising base costs of property developments, land prices have reached record highs in recent years. This will further bolster property prices in the next few years, making Juniper Hill a promising long-term investment.
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1. Ramachandra, S. (1961). Singapore landmarks, past and present. Singapore: Eastern Universities Press, p. 35. (Call no.: RCLOS 959.57 RAM); Urban Redevelopment Authority. (1993). Bukit Timah planning area: Planning report 1993. Singapore: Author, p. 8. (Call no.: RSING 711.4095957 SIN); National Heritage Board. (n.d.). Bukit Timah: A heritage trail. Retrieved 2016, December 20 from National Heritage Board website: http://www.nhb.gov.sg/~/media/nhb/files/places/trails/bukit%20timah/bukit%20timah.pdf
