Assalamualaikum. Hi 😊
Singapore, although small and land-scarce, is divided into numerous
districts. However, District 1 is probably the most centrally located. It is
part of the Core Central Region, and owning any private residential property
here would consider you as a ‘high net-worth individual’.
District 1 is a flourishing business and entertainment area that
contains some of the most iconic architectural structures, such as Marina Bay
Sands. With numerous glitzy skyscrapers and luxurious residential properties,
District 1 has many vibrant and busy attractions that include Marina Bay,
Raffles Place, Cecil Street and People’s Park. Situated in the heart of the city
and as part of the Central Business District, District 1 attracts the rich and
ultra-wealthy.
Although the majority of Singaporeans prefer more affordable
lego-like public properties (or better known as HDB flats), District 1
possesses a certain luxurious charm that is a dream-come-true for rich folks
and expatriates who value city-living and the extremely close proximity to
their workplace. District 1 is more suitable for individuals or couples without
children.
District 1 is a mix of the fantastically new and the historically
old, where the fast pace of high finance merges beautifully with the laziness
of the bountiful green spaces. In this guide, we will run you through the
lifestyle highlights of District 1, plus any hidden gems that you may not have
known about.
The Centerpiece of
District 1: Marina Bay
Marina
Bay is synonymous with luxury in Singapore and the centerpiece of District
1. Marina Bay, an artificial bay located near the Central Area of Singapore,
has become one of the main icons of Singapore. Properties in Marina Bay are
among some of the most highly sought-after properties in District 1, as well as
some of the most expensive. Marina Bay attracts investors and buyers from both
inside and outside of Singapore due to its locational attributes, proximity to
the central business district, quality of the properties and because most
residential developments are luxurious ones. You won’t find any HDB flats in
the Marina area. There are, however, plenty of luxurious condominiums and
apartments here. Take a look at https://www.propertyguru.com.sg/property-management-news/2017/11/163909/marina-bay-a-district-one-should-watch
to get more insight into the property scene in Marina Bay.
You might hear that Marina Bay is only a playground for the rich,
but it is so much more than that. Marina Bay is filled with numerous leisure
spots, trendy restaurants, shops and hotels. This makes it a great location for
real estate investment, as everything is just a short drive or walk away. The
main selling points of Marina Bay are the view of the Singapore skyline and the
marvelous architectural masterpieces that dot the area.
One of the main selling points of Marina Bay is that it is a
combination of city living while still retaining a residential feel. In other
words, it has the best of both worlds. During the week, all shops and
restaurants are open, and residents need not venture too far. The weekends are
quieter and relaxing with most shops and office closed, allowing residents a
calmer environment.
Other Areas
District 1 also includes other areas such as Raffles Place, Cecil
Street and People’s Park.
Cecil Street is an area that is ideal for art and culture lovers.
Numerous facades and developments in Cecil Street are awe-inspiring, and the
Telok Ayer Performing Arts Centre is situated here.
Raffles Place is decidedly more downtown, situated in the Downtown
Core and Central Area, a stone’s throw away from Marina Bay. It is also a short
distance away from the famed Merlion.
People’s Park is located in the heart of Chinatown. The complex is a
high-rise commercial and residential property and has been the basis of
succeeding retail developments in Singapore.
Pros of Living in District
1
1.
Complete
transportation networks
2.
Amazing
views of the Singapore skyline
3.
Food,
entertainment and shopping options a plenty
4.
Proximity
to the financial district
5.
Lush
greenery and waterfront promenade
Cons of Living in District
1
1.
Extortionate
property prices and rents
2.
No schools
within the immediate area.
Property Prices
The maximum and minimum per square foot price of private properties
in the District 1 can cost a hefty price. The minimum PSF is at $634 at
People's Park Centre and the maximum PSF is at $3923 at Marina Bay Residences,
while the median price of a resale 4-room apartment in the central region is
around $855,000. A luxury condominium in the Marina Bay area alone would cost
you $40 million and upwards.
Amenities in District 1
District 1 has convenient transportation networks that can get you
from here to there without a moment’s thought. Transportation is a breeze, with
countless bus services and numerous fuss-free MRT stations. This makes it
well-connected to other parts of Singapore.
The one thing that District 1 lacks is educational institutions.
However, pretty much everything else you need is conveniently accessible. There
are limitless amenities and facilities that fit any type of lifestyle you may
have.
There is no scarcity of shopping options with major shopping haunts
such as The Shoppes at Marina Bay Sands, Marina Square, Suntec City, Millenia
Walk, People’s Park Complex and Chinatown Point to name a few. District 1 is a
retail haven for the discerning shopper and offers a plethora of retail
offerings that range from quality craftsmanship to bespoke offerings.
Food options are also aplenty in District 1, where you can find
restaurants, cafes, bistros, fast food and even hawker fare. Thus, there is
something to satisfy every stomach, from the cheap and cheerful to exquisite
gastronomic escapades.
Despite its heavily commercialized outlook, District 1 also has a
bit in store for all the nature-loving souls. GreenHeart, a huge green space in
Marina Bay, is one of the largest public landscaping pursuits areas here and is
a multifunctional area for public use with more than 160,000 trees and plants. There
are also other sights and sounds such as Gardens by The Bay, Marina Barrage as
well as the Waterfront Promenade, all of which offer a getaway from the
modernity of steel and skyscrapers.
Wow! good info! thanks for sharing chingu! might be useful in the future.. hoho
ReplyDeletewalaweh bestnya tak terjejak lg
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