ARC 380!! The Next Big FREEHOLD OFFICE/F&B/SHOPS Launch!
ARC 380 is a FREEHOLD Office
cum Retail cum F&B Development on the Lavender food square/Eminent Plaza.
ARC 380 Comprises of 144 Office
Units and 23 Shops
ARC 380 is at the starting
cycle of the office property price curve whereby in conjunction of URA’s urban
decentralization plans of which to decentralize the CBD to ease congestion and
bring jobs closer to home, as well as offering a lower cost alternative to
their business operations.
Decentralization leads to
“Cluster Value Appreciation” outside of CBD which raises value of the suburban
areas. Some of these satellite business
clusters include Jurong Gateway and Paya Lebar.
ARC 380 offers an early entry
investment opportunity into the future potential in the location which has not
yet been realised.
The Prime CBD areas such as
Robertson Road and Shenton Way are in the midst of being redeveloped into mixed
developments with Residential and Commercial units. Examples of these include One Shenton, Eon
Shenton, Icon Village etc.
The likely impact will be on
older office developments. New offices that are coming up are mixed
developments that come with facilities which follow Google’s office concept of
blending work and play to foster a creative work environment.
At present, the population
white paper currently has 50% of the resident work force who are white collar
workers. The future projection is for 2/3 of the work force to move up the
value chain and move into white collar jobs.
Over the last 5 years, there
have been an increasing number of business registrations in Singapore
The main bulk of these business
formations require office spaces, the property price index of office properties
now in upswing with the office rental price index mirroring the price index
movement. Vacancy rates are currently
moving in the opposite direction. As per
URA data, the vacancy rates for office in the ARC380 area stand at 5%, which is
about half the national average.
Current office space in the
pipeline coming available over the next 3 years will not meet the rate of
business formation; this will lead to falling supply in an environment with
rising demand, which would lead to strong leasing demand. Vacancy rates are likely
to remain in single digits.
PROJECT SPECIFIC INFORMATION on
ARC 380
The liner distance to the upcoming Bendemeer MRT station is 250m
Developer: Tong Eng
Unit Types: 144 offices + 23 shops
Tenure: FREEHOLD
Preview: Est. Mid Jan 2014
Unit Types: 144 offices + 23 shops
Tenure: FREEHOLD
Preview: Est. Mid Jan 2014
RARE FREEHOLD Commercial
It is in an Extremely PRIME CENTRAL location
It is in an Extremely PRIME CENTRAL location
PRICED TO SELL
CONSTANT HIGH human & vehicular traffic
CONSTANT HIGH human & vehicular traffic
Unit Mix Level 1 – Restaurants
& Shops
Unit Mix Level 5 to 16 –
Offices
Guide Price: Office sizes range
from 66-93sqm, Purchase price $1.8m to $2.7m
Guide Price: Shops sizes range
from 30+sqm, Purchase price about $2mil +/-
Guide Price: F&B, Purchase
price about $4.5mil
Best
Regards,
Mervin Tang
Group
Director
Division Lead
Trainer, Project Sales
CEA Reg No. : R030951Z
Huttons Asia Pte Ltd
Mobile: (65) 9184 0208
Website: http://www.SGrealestate.sg
Sales Enquiry: mervintang@SGrealestate.sg
Huttons Asia Pte Ltd
Mobile: (65) 9184 0208
Website: http://www.SGrealestate.sg
Sales Enquiry: mervintang@SGrealestate.sg
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