V on Shenton | 珊顿·云尚 | Market On the Move

20 Feb 2020: V on Shenton have sold 92% of its units, balance only 39 units, including 2-3 bedrooms and penthouses.

19 Feb 2020: V on Shenton sold #46-22，#45-22.

11 Feb 2020: V on Shenton sold #44-19，#48-22.

25 Dec 2019: V on Shenton sold #53-18，#52-18.

V on Shenton | 珊顿·云尚 | High-rise condo in CBD Centre

V on Shenton (珊顿.云尚) is a mixed-use commercial and residential project located at 5 Shenton Way, the heart of Singapore’s Central Business District.  It’s an address with a glorious legacy, the former UIC Building located at 5 Shenton Way dominated the city skyline as Singapore’s tallest building for many years since its completion in 1973. Today, the area is undergoing rejuvenation and transformation with the completion of several notable projects including one Raffles Quay, Marina Bay Financial Centre and Asia Square.

Built on over 6,770 sqm of land, V on Shenton consist of a 54-storey high-rise condo intergrated with a 23-storey office building. There are total 510 apartments including studio, 1/2/3 bedroom units and a few penthouse units. Obtaining its TOP already, V on Shenton has left only 30 plus developer new units for sale. There are Shenton Way, Downtown, Tanjong Pagar MRT Stations on the 3 MRT Lines within 400 meters way fromt the V on Shenton.

Shenton Way will once again be positioned in the new financial heart of Singapore. a spectacular twin tower comprising a 23-storey office building and a 54-storey residential tower,  V on shenton, will rise from the monolithic sheen of the central business district. V On Shenton harmonises habitat and nature into a magnificent column of light, space and greenery. using its signature organic shapes and structures inspired by nature herself, the building cultivates the sense of a sculpture that has been crafted by artisan hands to deliver the most appealing qualities of next generation metropolitan living.

V on Shenton | 珊顿·云尚 | Location and Amenities

V on Shenton (珊顿.云尚) is located at 5 Shenton Way, the “Wall Street of Singapore”, and in the heart of the Central Business District. As the ideal base for exceptional world-class city living, V On Shenton sits right on the pulse of Singapore’s new Marina Bay financial district. It is within the opportunity corridor of Asia’s multi-million dollar waterfront city – downtown at Marina Bay. Other distinguished neighbours include the new Guoco Tower @Tanjong Pagar, Marina Bay Sands, Marina Bay Cruise Centre and Gardens By The Bay.

There are 3 MRT Stations on 3 MRT Lines within the 400 meters from V on Shenton: Tanjong Pagar on East-West Line, Downtown on Downtown Line, and Shenton Way on Thomson East Coast Line. There are also 3 bus stops within 300 meters away from the skyscraper condo. One of them is perhaps the largest bus stop, which serves more than 20 bus lines to commute to other parts of the island. The condo will have a direct underground link to Marina Bay Link Mall and the Downtown MRT station. The Raffles Place and Marina Bay MRT Interchange Station, that serves all corners of Singapore, are all within short walking distance. Central Expressway (CTE), East Coast Parkway (ECP) and the Marina Coastal Expressway (MCE) in the neighbourhood offer seamless connectivity throughout the island.

V On Shenton has fun and entertainment on tap, night and day. The development enjoys close proximity to the constantly evolving artistic heart of Singapore’s diverse cultural and entertainment quarters. a number of first-class attractions are right in your backyard. from the favoured to the fashionable, your glamorous roster of neighbours includes the Singapore Flyer, the Esplanade Park, the Chinatown heritage area, Gardens by the Bay and, of course, the entire round-the clock Marina Bay waterfront playground.

V On Shenton residents can step out and step into the heart of Singapore’s cosmopolitan high life. feel the pulse of entertainment and music as world-class arts, musicals, museums await your patronage. and while you are at it, indulge in gastronomic delights concocted by some of the world’s finest chefs. All this and more at an address that few can rival. Be the first to own a piece of living legacy. From legendary landmarks and events that command the global stage to first-in-the-world icons, only one enclave invokes such greatness. Indeed, it’s all unfolding before your eyes at this exclusive address, in a city unlike any other.

For international residents, there are a number of international schools or training centres in the CBD area around V On Shenton. for further study and education. The nearest government schools are Cantonment Primary School, Outram Secondary School and Singapore Management University.

For those in need of quality medical care, Wallich Residence is close to the Singapore General Hospital (SGH), the most renowned public hospital in the region, and major national medical research institutions, as well as the Raffles Hospital in Bugis. If there is no emergency, the many private clinics located in the Central Business District and Chinatown-Outram Park area can also meet the daily needs of the residents.

If Wallich residents need outdoor recreation, go out to the famous Gardens by the Bay nearby, residents can enjoy strolling on the beach with family and friends, sailing and surfing the sea at the Sentosa Island, and the East Coast Park in the vicinity.  For a taste of the greenery of the rainforest and the surrounding lake, residents can drive to the Singapore Botanical Gardens, a World UNESCO Heritage Site. Further down the road, there are the MacRitchie Reservoir, Bukit Timah Hill and the upcoming Mandai Park Development.

For residents interested in music and the arts, Wallace Residence is across the road to Singapore Conference Hall and Singapore Chinese Cultural Centre. The condo is also close to Singapore’s Civic District and Marina Bay, where the Esplanade Arts Centre, National Gallery of Art, Victoria Theatre and Music Hall, Asian Civilization Museum, Museum of Arts and Sciences and Marina Bay Sands Hotel are lined up for year-round exhibitions and performances that will continue to bring you amazing artistic enjoyment. Of course, the Singapore Sports Centre near Marina Bay East offers a wide range of sporting events and celebrity entertainment.

   V on Shenton | 珊顿·云尚 | Site Plan and Facilities

V on Shenton (珊顿.云尚) is like a breath of fresh air on Singapore’s Wall Street, Shenton Way. Inspirated by the Honeycomb Principle, as the nature’s most efficient cell for strength, the hexagon shape dominates the design of V on Shenton. These organic geometric panels also weave texture and cohesion to the development, reflecting light and pocketing shade. As you move around the building, the effect is a structure that is alive and constantly changing.

Collaborating with good designers is the key to drawing out the spirit of city living. From the street level, V on Shenton is a 237m-high tower that rises over its surrounding buildings. A column of light and greenery, its distinctive honeycomb façade is alive and ever-changing. Within the residence, contemporary interiors provide undisturbed environments with impressive vantage points for taking in the city. The Develper UIC’s collaborations were made to best capture the essence of metropolitan living. One of such inspiring partnerships was formed with Amsterdam-based architecture firm UNStudio, who gave V on Shenton its progressive architectural form. In this towering honeycomb structure, habitat and nature are harmonised to create a façade that weaves into dynamic interior textures.

There are 3 lush sky gardens and a gymnasium; for sun, soul and sanctuary. V On Shenton promotes harmony from its facade design to its interior core. and nowhere is this philosophy more palpable than on its three dedicated levels of verdant sky gardens and sea-facing gymnasium on level 35.

Each sky garden level is dedicated to satisfying every individual’s desire to relax, have a good workout, entertain guests, or simply get away from it all. one can enjoy sweeping views of the city below, featuring well-appointed furnishings and amenities as well as an enticing medley of convivial spaces and intimate nooks.

Luxuri8 (level 8)

When step into a slice of heaven closest to the ground, luxuri8 lets you throw your worldly cares to the wind as you soak in the sun, do your laps in the pool or while away the hours engaged in one of the many activity corners. there’s a surprise at every turn, for the very young and the young at heart.

EPICURE (level 24)

It includes all the best ingredients for entertaining, outdoor dining and nourishment for the soul, come together on this unique epicure level. created in collaboration with culinary consultant and chef, Ryan Hong, the buffet spread of dining options, kitchen choices and seating combinations is purely delectable. featuring fresh ideas in outdoor design, and furnishings handpicked from the best, every table at epicure comes with captivating views of the city and sea.

HAVEN ON 34 (level 34)

Just imagine stealing away for a rendezvous with tranquillity in the clouds, the haven on 34 is more than a sky garden, it is an oasis of calm and peace carved right out of the clear blue sky. Here, you will find many ways to escape the world. Suspend time at the cosy lounges, let the breeze lull you to sleep on the swivelling day beds and let the tinkling sound of water bring focus and energy back into your day. While away your time at haven on 34 as you relax mind, body and soul.

VITALISE ON 35 (level 35)

Let’s get yourself into tiptop shape effortlessly, with your mind focused on the breathtaking sea views before you. This spectacular gymnasium in the sky features a magnificent floor-to-ceiling picture window offering a feast for your eyes as you work out. a selection of workout stations including a cardio area lets you exercise your options as well as all your muscle groups.

V on Shenton is shaping up vividly in the new financial heart of Singapore. Add to that world-class entertainment and the glitterati of the Marina Bay enclave.  V on Shenton will become the most desirable address, more than city living, it is living in the net millennia, a future vision of the city. 

  V on Shenton | 珊顿·云尚 | Unit layout and Interior Design

V on Shenton (珊顿.云尚) is a rare skysrcaper condo along Shenton Way with total 510 units spread over the 53-storey tower. There are a variety of optins from studio, 1-bedroom, 2-bedroom, 2-bedroom + study, 3-bedroom units to penthouses. V on Shenton’s sleek massing and honeycomb façade are designed to perform both functionally and aesthetically. Hexagonal façade modules imitate nature’s most efficient cell structure. Responding to the environment at all times, they reflect light and cast shade, while coming alive at every angle from the streets.

Outfitted with clean modern lines and rich materials, V on Shenton residents can expect a restoring quality throughout the building’s interiors and common areas. Sink into the kind of comfort that brings everything down to a slow, enveloping good feeling.

• V on Shenton 2-bedroom + Study Interior ID by Peter Tay Studio with Xtra
  
• V on Shenton 3-bedroom Interior ID by Cynosure Design
• V on Shenton Penthouse Interior ID by Ipli Architects
  

V on Shenton 2-bedroom + Study Interior ID by Peter Tay Studio with Xtra

V on Shenton 3-bedroom Interior ID by Cynosure Design

V on Shenton Penthouse Interior ID by Ipli Architects

V on Shenton | 珊顿·云尚 | Floor Plans

V On Shenton|滨珊顿·云尚 | CBD Market Update

Marina One Residences (滨海盛景豪苑) is in the coveted Marina Bay enclave in Downtown Core of of Core Centre Region (CCR). CCR region is down the ages famous for its many clusters of upscale private condominiums and apartments. The CCR residential market is also the most luxurious house segment where many properties sell at the most premium prices, for example, easily across $3,000psf.

Singapore private home market has entered the new uptrend cycle after the soar of land bid from both Collective Sales from developers and Government Land Sales (GLS) Programme during the period from 2016 to 2018. According to the URA reported in January 2020, Singapore private home prices rose 2.7% in 2019, as compared with the 7.9% increase in 2018. In 2019, new private residential property sales by developers increased 12.7 per cent to 9,912 units too.

There is a genuine, underlying demand for the private home. The increase in new sales transactions and growth in overall prices indicate the resilience of private residential property.  In 2020, Market watchers expect the market trends to be similar to 2019, given that market fundamentals remain unchanged: interest rates are expected to remain low, while the economy is expected to improve slightly in 2020.

For CCR housing market, the overall price index decrease 1.7%, as compared to the increase of 6.7% in 2018, while the prices in City Fringe and mass market increased by 2.8% and 4.2% respectively. According to the URA media release, the transaction volume and price index are still in line with the historical trend, which demonstrates the sustainability of high-end residential market. 2019 observed a series of new high prices in many hallmark areas, such as Holland Village, Newton Circus, River Valley, Outram Park, East Coast and so on. In 2020, it’s expected that around 4,000 new non-landed residential units 23 projects could be launched in 2020 in the CCR region, while 6,000 units across 22 projects are expected to be launched in city-fringe region.

The new cycle of En Bloc sales fever has taken place in the residential market since 2016, given that the numbers of unsold developer projects hit the historical low and increasingly fierce competition in GLS Programme.

The land costs for private condominium projects have island-wide increased varying from 15% to 20% in different regions in 2018, not mentioned the benchmark land cost in 2016. In CCR market, the average land cost was over $1,800psf in 2018, which transferred the average new development launch price in 2019 to jump up to among $2,800 to 3,500psf.  During last year, it has been transacted over $4,000psf in the most prestigious Nassim Road, Orchard Boulevard, Ardmore Park, and Marina Bay area.

The high-end residential market has turned up following the rise of higher land cost since 2017. New sales price tag replace the old one that more new condo projects in city area have been sold at higher prices. High-end housing market have running into a new uptrend cycle that sales price across $3,000 psf is not a miracle any more. let’s review the recent record transactions in prime residential market.

1) In city-fringe, freehold Sky Everton in Outram Park sold over $2550 psf at average, a $2,895psf price was transacted for a high floor 2-bedroom unit. For 99-year leasehold project One Pearl Bank in Outram Park, there are around 50 units sold over $2,500 psf. The highest transacted price is $2,875 for some 36^th floor 3 bedroom units.

2) In the East Coast area, prime District 15, freehold project in Amber Road – Coastline Residences sold some 2 bedroom unit at $3,010 psf, together with other 5 unit sold over $2,800 psf in 2019. Even in the mass market, the integrated residential development next to Bangkok MRT Station – Sengkang Grand Residences have sold over 45 unit at above $1,800 psf, the highest transaction price was $1,898 psf. This is absolutely incredible.

3) In the Orchard upscale area, like Orchard Boulevard, ultra-luxury new residential development, Boulevard 88 have witnessed its 4 penthouse units transacted around $4,899～$5,125 psf in 2019. Another neighbor luxury development – 3 Orchard By The Park sold its 2 penthouse units around $4,638 to $4,805 psf in 2019. Across the road, TwentyOne Angullia Park sold its last 7,718sqft penthouse unit at $4,146 psf in 2019.

4) In Dhoby Ghaut area, 99-year leasehold new condo Haus On Handy sold new record price for its 969 sqft unit at $2,913psf in 2019. Other 30 units from the new launch was sold over $2,830 psf in 2019. It’s not believable that one year ago, the latest completion 99-year leasehold development in the close vicinity – Sophia Hills was sold only averagely at $1,900 to 2,200psf.

5) In Jiat Kim Street area, the fringe of River Valley enclave, luxury new condo – Riviere was transacted at average price of $2886psf in 2019, with 7 units was sold over $3000psf. The highest price was done at $3,305psf by some 1-bedroom unit at 36^th floor in June 2019, following the 2^nd highest price at $3,247psf was transacted for some 4-bedroomwith unit at 35^th floor with size of 2002sqft.

6) In the charming Holland Village area, the blockbuster new launch – the mixed development – One Holland Village Residences set up the historical high transaction prices since Nov 2019. Over 120 units was sold at between $2,600 to $3,300psf since then. The highest price was transacted for some high-floor duplex 4 bedroom at eye-catching $3,363psf.  Another bouquet freehold new launch -Van Holland which is opposite to Holland Village sold over 10 units in Jan 2020 with average prices at $2,950psf. Following this trend, another mega freehold new condo-Leedon Green in Leedon Heights launched in Jan 2020 and sold over 30 units with average transaction prices at between $2,600 to $2,900psf.

7) In the core River Valley enclave, 99-year leasehold luxury “Botanic Garden” new condo Martin Modern were recently sold at $2,684psf on average,with the highest of $3,254psf done for a 1,798sqft 4-bedroom flat at 30^th floor. Freehold 8 Saint Thomas was launched in second half of 2018, averagely transacted at $3,154psf, with recent highest price of $3,716psf done for a 2422sqft at 35^th-floor apartment in Jan 2020. Just after New Year, the newly launched freehold condominium The Avenir, which is next to River Valley Primary School was transacted at the average price of $3223psf. The highest price recorded in January was $3,564psf, a 527-sqft 1-bedroom on 36^th floor. The most popular apartments are the type of 4-bedroom + private lift (2,067 to 2411sqft) , which were sold over 10 units to the local residents and foreigners.

8) In Tanjong Pager, CBD area, Skyscraper luxury newly-completed condo – Wallich Residence sold its 2 junior penthouse units (59^th, 60^th floor, 3509sqft) between $4702 to $4987psf in 2019. In the rising star CBD area, along west side of Beach Road, South Beach Residences sold 2 penthouse units (42^th floor- 6,728sqft, 45^th floor- 4,424sqft) between $3,865 to $3,888psf during the period  of 2018 to 2019.

By reviewing those recent record-breaking transactions done in the residential market, it’s quite new normal for the high-end luxury new condo to be transacted across $3,000 ~ $3,500psf. What if it is a brand-new, large land development with full condo facilities in the the heart of Marina Bay?

When the vibrant Marina Bay and traditional CBD area are concerned, it’s the economic and culture centre of Singapore, within the Downtown Core area. For years, Singapore Government has advocated the rejuvenation of Downtown Core into more exciting mixed-use district so that the city centre will not only be a place to work, but also a vibrant place to live and play in.

A great example is the transformation of Marina Bay. Marina Bay area which has since been redeveloped with excellent infrastructure and world-class cultural and entertainment facilities for quality working and living environments. Besides the dominating business and financial district, Marina Bay also clusters a suites of luxury condominium developments such as The Sail, Marina Bay Residences, Marina Bay Suites, and the latest Marina One Residences.

Under the URA Master Plan 2019, Downtown Core will be transformed into more residential developments besides the offices, hotels and entertainment facilities. The reclaimed lands in Marina Centre and Marina South are arranged with white use to allow for greater planning flexibility and to encourage a mix of complementary uses – commercial, residential, hotel and entertainment.

For example, the large empty lands in the southeast of Garden By The Bay will be developed into mixed-used developments with residential apartments on the second floor onwards. Just imagine the convenience of iconic condo living after completion of Marina South and Garden By The Bay MRT Stations on the Thomson-East Coast Line.

Tanjong Pager Centre is another successful story of CBD rejuvenation. Above the Tanjong Pager MRT Station and opposite to International Plaza, Tanjong Pager Centre has set up the tallest vertical city complex with a dynamic mix of commercial, residential, retail, hotel and urban park components. The skyscraper luxury Wallich Residence is the hallmark of sky condominium for the few privilege.

To extend more CBD activities out of traditionad boundary, the government has implemented the transformation of Beach Road east to Bugis area. During the past years, a series of blockbuster integrated projects such as South Beach, Guoco Midotwn, DUO have been developed along the Beach Road.

Integrated with those mega projects are the luxury condominium developments: South Beach Residences, Midtown Bay, Duo Residences, respectively. Nowadays Beach Road has been transferred into a vibrant dynamitic new Downtown Core area and upscale residential enclave, following the transformation of Marina Bay. Here we collect the recent major mega new residential developments in downtown core area.

1). Tanjong Pagar Centre: Developed by GuocoLand, Tanjong Pagar Centre is an iconic large integrated development above the Tanjong Pagar MRT Station, with Grade-A office,  branded hotel, retail space, urban park and luxury apartment under one big roof. The breath-taking apartment Wallich Residence (华利世家) sites on the 39^th to 64^th floor of the skyscraper. There are 181 premium dwelling units including 1- to 4-bedroom and penthouses. The recent average transaction price is $3,498 psf, and the highest price is transacted at $4,7987psf for a 3509sqft unit in Jan 2020.

2). South Beach Residences (风华南岸府): it’s a luxury condominium integrated with mega integrated development of South Beach in Beach Road. Jointly developed by CDL and Malaysia IOI Group, South Beach comprise of Grade-A office, JW Marriot Hotel, retail space and iconic residence South Beach Residences. South Beach Residences offers 191 apartments including 2- to 4-bedroom and penthouses across 23th to 45th storey on the branded hotel. Conveniently accessible to Esplanade and City Hall MRT Stations, South Beach is sought after for its panoramic views of city skyline. Completed in 2017, South Beach Residences was recently transacted on the average $3,346psf, and the highest price was made at $3,950psf for a 2616sqft unit.

3). Eden Residences Capitol: Eden Residences Capitol is the residential component of integrated development with Capitol Building, Capitol Theatre, Capitol Hotel and residence in Stamford Road. Next to City Hall MRT Station, Eden Residences Capitol provides 39 luxury large-size residential units. Apartment were sold from $6.5mil to $20 mil with average prices from $3,000 to $3,200psf.

4). Guoco Midtown (国浩时代城) and Midtown Bay (滨海名汇公寓): Guoco Midtown is mega integrated development by GuocoLand Singapore in Beach Road.  With around investment capital of $2.4 billion, Guoco Midtown consists of Grade-A office, conservation house, retail and entertainment space, luxury apartment – Midtown Bay. Midtown Bay stand in 333 storey building with total 219 units including 1- to 2-bedroom and limited 3-bedroom apartments.  Estimated to be completed in 2022, Midtown Bay were transacted arounf $2,908psf, with highest price at $3804psf for a 484sqft unit in Oct 2019.

5). DUO (双景坊) and DUO Residences (双景岭公寓): DUO is the pioneer mega project during the transformation of Beach Road to Ophir-Rocher Corridor. Jointly developed by the state government companies of Singapore Temask Holdings and Malaysia Khazanah Nasional, DUO consist of office tower, retail space, Andaz Singapore hotel and DUO Residences. Directly connected to Bugis MRT Interchange, DUO Residences was launched for sale in 2013 and fully sold so far. There are total 660 units in DUO Residences which stands 49^–storey high, including a suites of studio, 1-bedroom to 4-bedroom, penthouse apartments.  The recent resale price are around $2,212psf with highest price at $2609psf for a 1528sqft unit in Jan 2019.

In the following chat, we just summarize the major new launches close to CBD and Marina Bay Financial District. You can justify how rationale are the latest launch prices in the vicinity.

V on Shenton (珊顿·云尚): sited on the “Singapore Wall Street” -Shenton Way, V on Shenton is a mixed projects including high-rise office up to 23th storey and residential apartment up to 56^th storey. The skyscraper V on Shenton comprises of 510 dwelling units from 2 bedroom to 3 bedroom and penthouse units. Completed in 2017, V on Shenton was sold at average prices of  $2,301psf, with the highest price transacted at $3,225psf for a 452-sqft unit.