Newport Residences is a new freehold mixed-use integrated development located in Singapore’s Central Business District (CBD). It comprises a total of 655,000 square feet of commercial space, consisting of offices, retail shops, and restaurants.
The freehold development is being developed by City Developments Ltd, and it will feature a mix of residential and commercial units. It will include 256 residential units, 25% serviced apartments, and 40% commercial space.
Interested buyers can expect to receive excellent returns from their investments at Newport Residences, due to its convenient location and extensive range of amenities. The development is also within close proximity to a number of important shopping malls, as well as public transport options.
One of the main reasons why people buy condos is that they offer a variety of benefits. These include security, privacy, and the possibility of a capital appreciation in value over time. Another benefit of purchasing a condominium is that it will allow individuals to earn passive income from renting out their units.
In addition, these apartments are ideal for people who are looking for a new home and do not plan on staying in their property for the long term. This gives individuals the option of renting out their condos to people who are not able to purchase a home or who would like to live in an apartment but do not want to commit to the maintenance costs that come with owning a property.
This is especially beneficial for young professionals and students who are in college or university, or who are just starting their careers. These individuals can rent their apartments to other young professionals who are in need of a place to stay while they are attending school or college.
Additionally, these units are also suitable for couples or singles who are looking for an affordable place to live while they are away from their home country. These apartments are also ideal for older adults who are looking to retire in a safe and comfortable environment.
The condos at Newport Residences are also conveniently located near a number of schools and other educational institutions. These schools are within walking distance of the condos, and will provide residents with a range of educational opportunities.
Aside from that, there are a number of different eateries and coffee shops in the area. These can range from humble hawker centers to more expensive cafes and restaurants.
Besides that, there are also a number of places for people to relax and enjoy the outdoors. These places include parks and beaches in the surrounding areas, as well as outdoor sports facilities.
These outdoor spaces are ideal for people who want to spend time in nature while they are visiting the city. These places can also be used as an escape from the hustle and bustle of the city.
It should be noted that the area is also undergoing a lot of renovation and development, as part of the Urban Redevelopment Authority’s (URA) Greater Southern Waterfront project. This will include a new waterfront promenade, as well as 30 kilometres of nature trails that will connect the parks and green spaces in this area. These are great developments that will help to make the Tanjong Pagar neighborhood a more attractive and vibrant area in the future, which should help to boost the value of properties in the neighbourhood.