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Well, one after another, there’s a new developments popping up at Farrer Park almost every year. Some of these developments include Cityscape, Jool Suites, Forte Suites, Ritz @ Farrer, 8 Farrer Park, The Citron Residences, and 28RC Suites. Is this sign of oversupply or beginning of transformation at Farrer Park?
However, Farrer Park all the while is a very vibrant neighbourhood with Mustafa Shopping Mall operating round the clock and numerous 24 hours eateries around vicinity.
Transformation in Farrer Park
On the other hand, other than residential property, few commercial developments has also sprung up at the vicinity that include Arc 380, Trio @ Sam Leong and the latest added to the list is Centrium Square which is still under construction. Centrium Square is a freehold commercial development at previous Serangoon Plaza with retail shops on first floor, offices and medical suites on the upper level.
Connexion is also in nearby vicinity, which is Singapore first integrated hospitality and healthcare complex under one roof with hotel rooms and conference room for meeting too.
Farrer Park with a city fringe location all the while has command good rental yield and is highly sought after due to its amenities and location. With Connexion, Centrium Square and Tan Tock Seng Hospital nearby, Farrer Park is slowly transforming to a medical hub like Novena with medical specialist centre. This will further bring up the rental demand in the area and resale transactions in property, both for patients and also medical practitioners.
Upcoming New Condo at Farrer Park
Perumal Road Condo Land Parcel
Tessensohn Residence is a low rise apartment at 3 Tessensohn Road. This development set to launch in the 2nd half of 2018. Unit mix include 1 to 3 bedrooms and penthouses.
Uptown @ Farrer present a mixed development with retail shops on ground floor and residential units on top. This development will be highly sough after after its just beside Farrer Park MRT and City Square Mall.
Should you consider these new condos at Farrer Park?
In conclusion, though there are few new condos coming up every year, still, its actually driven by demand and supply as Farrer Park set to transform itself to be a medical hub with Connexion and Centrium Square. These new developments will likely draw good rental yield from medical practitioners. We recommend a buy on these development to capitalise on the transformation at Farrer Park.
