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Review on Stirling Residences

Welcome to Stirling Residences, where the Power of Three factors comes alive. Position, Privilege and Passion.
Stirling is an unique residence that commands all the best things in life and more for your exclusive pleasure.

 

Be in a position of prestige where the world comes to you.
Unblocked residential units for the privileged few who can now call the sky their own.
Beautiful landscaping with curated spaces of thoughtfulness is designed to evoke the passion in you.

Location of Stirling Residences

The Stirling Residences is located in a mature town called Queenstown. Residents can look forward the widest range of amentities. It is only a 3 minute short stroll to Queenstown MRT station connecting you to our nation-wide MRT network. It is also doorstep to Mei Ling neighbourhood food centre and retail, where you can find delectable local foodstuffs. Residents can also choose to either walk or even drive to the very nearby ABC Brickworks Food Centre for even more selections of famous local delights.

 

Nearby shopping includes Queensway shopping which has the one of the widest selection of sports apparel and shoes in Singapore, IKEA’s flagship Alexandra store fully stocked with environmentally substainable furniture and also Anchorpoint shopping mall with a upmarket variety of F&B restaurants from International to Chinese to Japanese cuisines and many branded retail outlets. Medical facilities like Alexandra hospital is also a short drive away.

 

From Stirling Residences, it is also just a 10 minutes short drive to Orchard, Singapore Central Business District and Marina Bay Area.

Connectivity of Stirling Residences

Investors looking at purchasing Stirling Residences can take note that it is just 2 MRT stops to Buona Vista MRT Interchange. There is an ample and ready pool of potential tenants from Biopolis, Science Park, Fusionpolis and One North, mainly comprising of highly-educated white collar people in the health, medical and technology sectors. A little further 3 MRT stops away from Buona Vista is Pasir Panjang MRT where the expanded Mapletree Business City I and II are located. Big names such as Google has an entire block of headquarters located over there and investors should expect a good tenant pool from over there as well.

 

From Buona Vista MRT station, residents looking to unwind can change to the circle line to reach the Botanical Gardens, an UNESCO world heritage site in just 3 MRT stops. The Singapore Botanic Gardens has free entry to visitors daily and it is a huge area of natural flora and fauna. Common activities include jogging, cycling and even picnics on the vast well-kept green lawns fronting a swan lake for people to take the stress off their day to day work.

 

Queenstown is also a direct 5 MRT stations to reach Jurong East MRT the future second Central Business District of Singapore. Residents can look forward to a totally revamped  futuristic Science Centre fronting the Jurong Lake District, which will comprise of retail, commercial and hotel elements altogether in an area of over 100,000 square metres. There are also plans for a High-Speed Rail connecting all the way to Malaysia’s capital Kuala Lumpur in the future.

 

Travelling eastwards residents at Stirling Residences can easily connect to the MRT North-East Line by taking 3 MRT stations to Outram Park MRT Interchange. Outram Park is integrated with Chinatown and Healthcare facilities and commuters can choose to change a train to either Harbourfront / Sentosa or Dhoby Ghaut / Orchard. All these within 6 – 8 MRT stops!

 

Going into Singapore’s most established business centre is a direct 5 MRT stops bringing residents or tenants to Raffles Place and City Hall Central Business Districts. These two are the first established areas in Singapore catering to MNCs, Banks and major financial institutions in the early years of our formation up until today it still is an integral part of our metropolitan city.

North Facing Units

Stirling Residences is at a height of 40 storeys, towering over buildings in its immediate vicinity. The residential HDB flats to the north of Stirling residents are standing at less than 20 storeys and residents staying inside the north facing units can expect strong wind flow and unblocked views to the north. Residents can see as far as the MacRitchie nature reserve and Bukit Timah nature reserve. Not far away is the low-rise landed enclave of the Holland area and the Singapore Botanic Gardens.

South Facing Units

For residents staying in the south facing units of Stirling Residences, they can expect majestic views of nature including Mount Faber, Telok Blangah Hill, Hort Park and Kent Ridge Park. Beyond the expanse of parks is the southern waterfront of Harbourfront, Vivocity and Sentosa Gateway. On days of good weather residents can even expect glimpses of the southern sea view in the panoramic background landscape.

Queenstown Vicinity Comparison Analysis

In Queenstown, properties are classified under District 3 in Singapore and considered to be RCR (Rest of Central Region). Over the past 10 years there are a number of new condominiums which sprung up over this area. Some examples in ascending order are Ascentia Sky, Echelon, Commonwealth Towers, Alex Residences, Queen’s Peak and Artra.

 

Ascentia Sky is currently transacting at an average of  $1,421/psf with a historical high psf of $1,900  in July 2013 for a 958 sqft unit.

 

Echelon is currently transacting at an average of  $1,859/psf with a historical high psf of $2,474  in June 2013 for a 452 sqft unit.

 

Commonwealth Towers is currently transacting at an average of $1,941/psf with a historical high psf of $2,056 in June 2017 for a 463 sqft unit.

 

Alex Residences is currently transacting at an average of $2,020/psf with a historical high psf of $2,286 in August 2017 for a 678 sqft unit.

 

Queen’s Peak is currently transacting at an average of $1,727/psf with a historical high psf of $1,982  in June 2018 for a 840 sqft unit.

 

Artra is currently transacting at an average of $1,861/psf with a historical high psf of $2,127  in Nov 2018 for a 829 sqft unit.

 

Stirling Residences is currently transacting at an average of $1,532/psf with a historical high psf of $2,223 in August 2018 for a 441 sqft unit.

 

Investors looking for further capital upside should take note that there are potentially another two plots of land in the vicinity of Queenstown and Redhill MRT which may be sold under the Singapore Government Land Sales (GLS) programme. Estimated tender prices will be in the region of > $1,000 psf ppr and the break-even prices for developers will be expected to be no less than $1,700 psf.

 

Over-supply?

 

There are concerns of an over-supply of condominiums being built in the District 3 area as this area have seen the most amount of new condominiums within a span of a few years. Indeed if you look islandwide, District 3 has by far the most number of new condominium units over other Districts in the past few years.

 

But the excellent location itself may outweigh the other concerns that the tenant pool for investors is limited due to too much competition among the new condominiums. The District 3 area is a very strategic one if you compare them to the other areas on the island. The tenant pool can come from Singapore’s first and foremost central business district at Cityhall / Raffles Place which is 5 MRT stops to the east of Queenstown / Redhill. There are also high quality tenants from the technology and science industry at Biopolis / Fusionpolis which is 2 MRT stops to the west at Buona Vista MRT. In addition there is another tenant pool to consider which is from the upcoming Jurong East Region which is slated to be Singapore’s 2nd central business district and they are just 5 direct MRT stops away to the west direction from Queenstown / Redhill again.

Summary

Investors and homeowners who have yet to come down to the Stirling Residences show suites should do so before deciding on any other properties for investing your money on. In terms of design and landscaping, Stirling Residences really stands out with its very efficient use of land space leaving a majority of space of landscaping and facilities. Architecture-wise the 3 towers are symmetrical and spaced out evenly giving it a classic and unobstructed look. With its main entrance tucked away on a quiet road lined with age-old giant trees, it is no wonder this condominium easily wins coveted awards.

 

Amenities near Queenstown, this mature part of Singapore island are so abundant and residents will be spoilt for choice over recreation or shopping or eateries. Currently selling at an average PSF that is lower than competing condominiums in the same district and with all these important business areas earlier discussed converging on District 3, this is most definitely an important location for investors or homeowners to look at to secure a property on.