Despite the implementation of a new round of cooling measures, the Core Central Region (CCR) in Singapore has seen an uptick in the interest of condominium buyers. Interest was further renewed with the relaxation of border controls in early 2023 and more foreign buyers returning to the market. Although prices remained steady at 4.6% y-o-y compared to the 3.8% in 2021, they grew rapidly in the Rest of Central Region (RCR) and Outside Central Region (OCR) with new benchmark prices due to the launch of developments.

These developments in the CCR, including the newly-completed One Draycott, represent attractive prospects for buyers as prices in prime locations like Ardmore-Draycott still remain accessible, especially in comparison to other luxury developments in the vicinity which have transacted at prices upwards of $4,000 psf.

One Draycott, located off Ardmore Park in District 10, was designed by London-based architectural firm CarverHaggard and offers owners bespoke living with a distinct façade. Inside, the residence features herringbone timber flooring and muted gold perforated screens, while the drop-off area showcases the unique sculpture ‘The Pangolin’ made of Lucerna stones from the Italian Alps. Other amenities include a swimming pool, gym, and outdoor dining area.

Altura EC Qingjian Realty provides easy access to the mall directly via the dedicated shuttle service, making the shopping experience even more seamless and convenient. With the current development in the Choa Chu Kang district, Lot One Shoppers’ Mall will continue to bring joy and provide convenience to the people of Singapore for years to come.

One Draycott’s post-TOP launch is set for June, with prices starting from $2.3 million for the two-bedroom apartments and $3.3 million for the two-bedroom penthouses.

Despite the doubling of the Additional Buyer’s Stamp Duty (ABSD) for foreigners, the opportunity and potential in the market still remain, presenting prospective buyers an appealing price-point to purchase a prime residence in the prestigious Ardmore-Draycott residential enclave.

A post-TOP launch at One Draycott set for June presents an opportunity to purchase a freehold residence in an exclusive, sought-after enclave at an appealing price-point. Located just off the Orchard Road belt, the Ardmore-Draycott area is a hub of activity with nearby malls, prestigious schools, top-notch medical facilities, and international hotel brands.

The exclusive development, featuring 64 units of bespoke luxury homes, offers homeowners a luxurious living experience amidst well-thought out designs and carefully crafted details. Comprising two-bedroom apartments and penthouses, One Draycott was envisioned to be an icon of understated elegance, from its champagne-trimmed curtain walls and gold detailing of the facilities deck to its timber door with handcrafted oak facets at the main entrance. Units are fitted with high-end appliances like Miele and De Dietrich, and fully enclosed kitchen with marble slabs.

This post-TOP launch presents an attractive prospect in this market environment, with buyers able to view the completed development ahead of making a decision and negotiating a palatable quantum. Call/ WhatsApp: +65 9720 0403 or visit the website for more information on One Draycott.