Freehold new condo near ACS and SCGS – Former City Towers By Li Ka-Shing At Bukit Timah Road Near Newton MRT

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The sale of City Towers, a development in the Bukit Timah area, was completed in August 2019 for $401.9 million.

A new freehold condo along Bukit Timah Road will be built in its place, and is already drawing plenty of attention from property investors and upgraders who wish to enroll their children in the nearby Anglo-Chinese School (ACS) or Singapore Chinese Girls’ School (SCGS).

SCGS is a top girls’ only school which is located right opposite Former City Towers
ACS (Barker) is another top school located conveniently near Former City Towers condo

It is currently scheduled for launch in the later part of 2020.

Located at District 10, one of Singapore’s most premium districts, the new condo at Bukit Timah Road promises to provide an immersive housing experience for residents.

For investors looking to make passive rental income, the new condo at Bukit Timah Road is likely to be a priority choice among foreign tenants, due to its convenient and posh location.

Nearby train stations Newton and Stevens provide a multitude of options to travel across Singapore. Expressways in the vicinity include PIE, KJE and BKE.

As a high-end residential district, the area around the former site of City Towers is home to a wide selection of top schools.

They include St Joseph’s Institution, Anglo-Chinese School (ACS) or Singapore Chinese Girls’ School (SCGS).

Food will never be a problem too, as the former site of City Towers is located within an F&B haven. No matter if you prefer local or international cuisine, there are many renowned cafes, eateries and hawker centres within the district.

In terms of investment, it’s safe to compare the new condo at Bukit Timah Road with other developments in the area.

Potential rental yield, rental demand and capital appreciation have all been steadily growing over the years, despite the air of uncertainty over the property market in recent times.

This proves that District 10 properties have the capabilities to out-perform the market, and deliver great value to buyers.

Former City Towers Project Summary

Developer Japura Development (by Li Ka-Shing)
Condo Name To Be Announced
District 10
TOP Date To be announced
Total units To be confirmed
Tenure Freehold
Address 317 Bukit Timah Road (S) 259711
Development Full Condo Facilities Including Swimming Pool, BBQ Pits, Gym, Function Rooms Etc

Former City Towers Location

The new freehold condo at Bukit Timah Road, former site of City Towers, is located at District 10, one of Singapore’s most premium districts.

Nearby train stations Newton and Stevens provide convenient gateways to other parts of Singapore. Drivers can easily access expressways in the vicinity, such as PIE and CTE.

Former City Towers Units

To Be Announced

Former City Towers Pricing

To Be Announced

Former City Towers Floorplans

To Be Announced

Former City Towers Site Plan

To Be Announced

Nearby Amenities

The area around the former site of City Towers is considered an “education hotspot”, due to the many schools in the vicinity.  

They include St Joseph’s Institution, Anglo-Chinese School (ACS) or Singapore Chinese Girls’ School (SCGS).

For residents who like to pamper themselves with the finer things in life, first-class amenities like Raffles Town Club, Tanglin Club the American Club, plus the many shopping options along Orchard Road, provide an escape from the hustle and bustle of everyday life.

Day-to-day living will be a breeze as well. There are plenty of supermarkets like Cold Storage, Jason’s and the Gourmet Grocer to provide for your daily needs.

Comparative Market Analysis

Pricing Overview

Properties around District 10 are some of the most highly sought-after homes in Singapore. Especially among affluent locals, and overseas property investors.

This is due to its centralized location close to CBD, and the large variety of entertainment, food and amenities in the area.

It’s widely known that staying in a District 10 property is the gateway to a blissful and luxurious lifestyle.

This is why based on pricing trends of District 10 properties, as seen from the table above, prices have remained healthy, consistent and still with room for further growth.

The new condo at Bukit Timah Road is set to ride on the wave of District 10 demand, and make investors a handsome profit through capital gain.

Potential Rental Yield

As mentioned above, District 10 properties are priority picks for foreign tenants who can afford the premium rental fees.

Even though it’s not the cheapest part of Singapore to live in, foreigners have shown that they are willing to pay higher than average rental fees, in exchange for a more affluent lifestyle.

This conclusion is based on rental yield numbers, which have steadily increased over the years.

With this clamor for District 10 properties showing no signs of slowing down, the new condo at Bukit Timah Road has the potential to enjoy similar, or even higher, rental fees compared to its neighboring developments.

Potential Rental Volume

Even though it’s not the cheapest part of Singapore to live in, foreigners still flock over to District 10 in droves to secure their homes.

As seen from the above table, rental volume for District 10 properties has been thriving.

For owners of a unit at the new condo at Bukit Timah Road, this can be an investor’s dream scenario: High Demand + High Rental Yield!

In conclusion, pricing and rental trends show that buying a unit at the new condo at Bukit Timah Road is a safe, secure and potentially lucrative investment.

Former City Towers Floorplans and Price List

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