Lavender Residence

Lavender Residence, an inspirational Art Deco boutique property by local developer FLJ Property, is swiftly gaining popularity among purchasers seeking a value for money, centrally situated apartment in District 12.

The freehold, mixed-use complex, which went on the market in June, has four ground-floor retail outlets, 17 residential apartments, and a basement mechanical parking. It sits near the crossroads of Lavender Street and Kempas Road, and its dual road frontage boldly displays its restored conservation Art Deco architecture.

Lavender Residence, the newest boutique project in the Boon Keng neighborhood, provides closeness to key transportation and commercial centers, a great awareness of Singapore’s architectural history, and the advantages of a mixed-use complex.

 

Excellent Transportation Accessibility

Lavender Residence Location

No other new project in District 12 provides the same level of public transportation connection and accessibility to the city center as Lavender Residence. With three MRT stations within walking distance — Boon Keng, Bendemeer, and Farrer Park — and multiple major roads and highways servicing the neighborhood, people have easy access to all sections of the island.

Bendemeer Station on the Downtown Line is two stations from Bencoolen’s arts and culture sector. Chinatown, Fort Canning, Downtown, and Telok Ayer are prominent stations on this line in the CDB, and residents will benefit from the convenience of traveling into the financial center.

Residents may also use Boon Keng Station to connect to the North East Line. This will transport visitors to important suburban shopping malls in the northeast area, such as the recently built Woodleigh Mall, which is linked to the Woodleigh MRT Station, and the Nex retail mall, which is linked to the Serangoon MRT Interchange Station.

Several important roads and highways, including Serangoon Road, Balestier Road, Lavender Road, and the Central Expressway (CTE), service the region effectively. This makes driving into the CBD a three-minute journey. It is also convenient to get to Novena, the Orchard Road retail area, and the Singapore Sports Hub in Kallang.

 

Architecture in the Art Deco style

Lavender Residence Day

Originally, the site had a trio of two-story conservation shophouses erected in the 1940s in the Art Deco style. The developer has preserved these shophouses as a symbol of Singapore’s early development years in order to honor its historic significance.

FLJ Property has splurged and hired renowned architectural firm Park + Associates to handle the sensitive conservation work as well as the design of the new six-story back addition. The local architectural company took care to repair the Art Deco building while also introducing a range of modern flourishes and current design features into the project.

The historical Series, a collection of five apartment units on the second level of the conserved shophouses, reflects this contemporary approach to historical protection. The flats vary in size from a studio to three bedrooms, with some having duplicate keys.

Buyers snatched up two of these apartments during the project’s sales debut in June of this year. Only the studio + study, one-bedroom + studio (dual key), and three-bedroom + study (dual key) units are now available. Unit plans maximize living space while minimizing dead spots such as hallways. The interiors are designed in a contemporary manner, with high-end branded fittings and fixtures from Duravit, Brandt, Franke, and Hansgrohe.

 

Value for Money Development

Lavender Residence Living Room 2

When Lavender Residence went on the market in early June, purchasers were eager to secure properties in the new six-story back expansion tower, which includes nine apartment units and three penthouses.

The penthouses were a big success, and they were all gone by June. They are divided into three units: a two-bedroom + study (dual key), a four-bedroom + study, and a five-bedroom + study (dual key).

The remaining available flats are one-bedroom + study, two-bedroom, two-bedroom (dual key), and three-bedroom (dual key). The remaining flats in the six-story building are likely to be picked up rapidly in the following weeks, with around half of the units sold.

According to the developer, many purchasers are interested in dual-key condos since they allow them to be both a homeowner and a landlord. Furthermore, new dual-key apartments are becoming increasingly scarce among recent private residential debuts, making this unit type more attractive. Condominiums in the neighborhood have significant rental demand, which has led into reasonably high rental yields.

For example, the average rent at adjacent Sturdee Residences is $6.52 psf per month, translating to a rental return of around 4%. New developments on Tessensohn Road, such as 1953, have average rentals of $6.17 psf pm and rental yields of about 3.9%.

Homeowners and investors at Lavender Residence will undoubtedly profit from the favorable pricing established for the remaining apartments, which begins at $1,850 psf for a freehold development minutes away from the city – a competitive and accessible price for the majority of purchasers.