Acording to CDL; the most sought-after units at Union Square Residences are the one, two and three bedroom luxury units.
Unit prices range from
- $1.38 million ($2,981 psf) for a 463 square foot one-bedroom;
- $1.98 million ($2,854 psf) for a 700 square foot two-bedroom;
- $2.82 million ($2,848 psf) for a 990 square foot three-bedroom; and
- $4.62 million ($3043 psf) for a 1,518 square foot four-bedroom premium.
Comprising a 40-storey skyscraper with 366 units and commercial space at floors 1 and 2, Union Square Residences Havelock Road’s 99-year leasehold condo forms Union Square’s residential component. There are also offices, retail and food and beverage space, and a co-living element with a hotel licence in this large-scale mixed-use development.
In District 1 the project is a redevelopment of the nearby Central Square (a mixed residential and commercial development) and the old Central Mall (a seven-storey office tower with a cluster of conservation shophouses).
“The encouraging take-up for Union Square Residences reflects the consistent interest from homebuyers who recognise the enduring value of a prime mixed-use development,” said Sherman Kwek, global CEO of CDL. “We are sure that the special qualities and simplicity of Union Square Residences will draw great interest always.”
Located near Clarke Quay, the Caninng Hill Square, and the Orchard Road retail strip, the project is at the entrance to the CBD and within walking distance of three MRT stations (Clarke Quay, Chinatown and Fort Canning).
Marcus Chu, CEO of ERA Singapore, states “The launch of Union Square Residences presents buyers an opportunity to invest in an iconic mixed-use development by the Singapore River and next to the bustling CBD.”
Ismail Gafoor, CEO of PropNex, said the sales at Union Square Residences are outstanding even with many launches scheduled over these two weekends. “Most of the buyers are investors at Union Square are drawn by the positive attributes of the mixed-use development and its location,” he adds.
“There has not been a new launch in District 1 since Marina One Residences in 2014,” notes Huttons Asia’s CEO, Mark Yip. “Buyers who want to remain close to the CBD and the Singapore River but near lifestyle choices and facilities like Clarke Quay, Robertson Quay and the forthcoming Canning Hill Square showed great interest. Most likely, this is the final mixed-use project scheduled for the Singapore River planning area.”
Two days earlier, on Nov 6–7 at an average price of $2,750 psf, joint venture partners SingHaiyi Group and Ultra Infinity sold 35 units at The Collective at One Sophia. Project in priority District 9 falls in the Core Central Region (CCR).
There are 367 residential apartments in The Collecgive at One Sophia. It is part of the 99-year leasehold mixed-use complex One Sophia, which has a 13-storey commercial tower including 127 retail spaces and 122 office units. Since its opening last month at an average selling price of $3,330 psf, around 34% of the strata office spaces at One Sophia have been sold.
