Newport Residences

Strategically located in Singapore's Central Business District (CBD) at 80 Anson Road in Singapore's District 2 (D2), Newport Residences is an up-and-coming anticipated mixed-use development project. Newport Residences sits on the site of the former Fuji Xerox Towers office building owned by City Developments Limited (CDL). Under the Singapore government's CBD Incentive Scheme which seeks to inject vibrancy into Singapore's central districts by adding more residential homes, CDL will be redeveloping the site into a rare freehold mixed-use development offering about 200 residential units.Lying in the intersection of Tanjong Pagar Road and Anson Road, Newport Residences is surrounded by offices, hotels and other mixed-use developments with shops and F&B outlets on the street level.Currently, Tanjong Pagar MRT station on the East-West Line is the nearest MRT station to the development. It is a six-minute walk from Tanjong Pagar MRT station to Newport Residences. Prince Edward Road MRT station on the Circle Line is still in the works and is slated for completion in 2025. Once constructed, future residents will be a short three-minute walk from the MRT station. For those who drive, Newport Residences is well served by Anson Road and Keppel Road as well as major expressways such as the Ayer Rajah Expressway (AYE) and Marina Coastal Expressway (MCE). Under normal traffic conditions, drivers can expect to arrive at Orchard Road and the CBD in less than 10 minutes. On the weekends, future residents can take a short drive to popular recreational destinations such as Sentosa, Gardens By The Bay, Rail Corridor, and Labrador Park.4 lifestyle gardensPavilionFunction RoomPremier Residential ServicesSmart home integration for all residential unitsIn addition to being a mixed-use development offering residents a host of retail and dining options, malls such as 100AM, ICON Village, Amara Shopping Centre, Tanjong Pagar Plaza, and Guoco Tower are all less than a five-minute walk away. An alternative to the dining and shopping options at the nearby commercial malls are the galleries, boutiques, restaurants, and coffee spots which dot the heritage-rich streets of Tanjong Pagar and Chinatown. Those seeking out Singapore's local flavours can head over to nearby hawker centres such as Lau Pa Sat, Amoy Street Food Centre, and Maxwell Food Centre to savour some cost-friendly yet delectable dishes.Cantonment Primary School (seven-minute walk)Radin Mas Primary School (six-minute drive)Outram Secondary School (six-minute drive)CHIJ (Kellock) (six-minute drive)Singapore Management University (eight-minute drive)For potential homeowners with younger children, Da Little Preschool at Cecil, Superland Pre-School (100AM), Mulberry Learning Centre @ Tanjong Pagar, LeClare Preschool, and Modern Montessori Pinnacle - MMI are nearby options to meet their schooling needs.Newport Residences' developer, City Development Limited (CDL), is a reputable real estate company with a strong presence in 29 countries. As one of the largest companies listed on the Singapore Stock Exchange, CDL's real estate portfolio covers a diverse range of properties comprising residential, commercial, and hotel projects. With a wealth of experience and a proven track record in developing residential properties, CDL also has other integrated mixed-use developments such as Canninghill Piers, Piccadilly Grand, and Sengkang Grand Residences under its belt.In light of the Singapore government's adjustment of the Additional Buyer's Stamp Duty rates for residential properties earlier this year, Newport Residences has rescheduled previews of the development and will unveil its launch date at a later time. Those who are keen to learn more about the project can express their interest in updates by contacting Newport Residences' official development team or listed agents.Newport Residences sits on a trapezoid land plot bounded by Tanjong Pagar Road, Anson Road, Bernam Street, and Keppel Road. The project will sport a single, partially cascading tower design. Newport Residences' 5.6 plot ratio is also set to increase to 7 with an additional 25% gross floor area given to the plot under the CBD Incentive Scheme. Residential blocks will enjoy more space and fresh air between each other. Since the project is located in the southern part of Singapore, south and south-west facing units will enjoy better privacy and enhanced wind flow.With hybrid working arrangements becoming the norm in light of the COVID-19 pandemic, the Urban Redevelopment Authority (URA) launched plans to recalibrate Singapore's CBD to better meet this new norm. Following the 2019 Master Plan, Singapore's government has plans to build 20,000 homes in the central region (including the CBD). Launched in tandem with the 2019 Master Plan, the CBD Incentive Scheme seeks to convert Singapore's CBD from office districts to bustling mixed-use neighbourhoods by incentivising developers to inject a lifestyle twist into more dated parts of the CBD. This scheme will also support active mobility by combining better-designed pedestrian-centric roads with public spaces into Robinson Road, Cecil Street, Shenton Way, Anson Road, and Tanjong Pagar. In the 2019 National Day Rally speech, PM Lee announced that the former Tanjong Pagar Port will be redeveloped as part of the Greater Southern Waterfront transformation. This will make way for new attractions, housing projects, and office spaces in the revamped Greater Southern Waterfront area. While this vision would require a decade or so to materialise, the newly completed district could elevate the value of projects in surrounding neighbourhoods like Newport Residences.While the Newport Residences pricing has yet to be confirmed, it has been postulated that the price at launch could start from $3,000 per sq ft (PSF) onwards. Units in Newport Residences are primarily 1-bedders. 2-bedders, 3-bedders, and 4-bedders make up 35%, 13%, and 7% of units in the development, respectively. The specific Newport Residences PSF breakdown for the offered units are as follows: All in all, Newport Residences is a refreshing addition to the residential landscape in D2. With the climbing prices of new launches, it will not come as a surprise should the launch prices for Newport Residences start at $3,000 PSF. Moreover, freehold properties make up less than 5% of Singapore's total housing supply. This ratio will be further decreasing given how all present Government Land Sales (GLS) sites are 99-year leasehold sites, making freehold condominiums in Singapore's CBD like Newport Residences a truly rare commodity. However, due to slightly longer Temporary Occupation Permit (TOP) timeline as opposed to other new launches, investors may need to have stronger holding power to last through the longer runway of this project in today's current interest rate cycle. Nonetheless, with the global reopening of borders in a post-pandemic world, Singapore's political economic and political stability, and resilient property market, purchasing a condominium unit in Singapore's Downtown region remains a sound choice. Check out the available Newport Residences listings for sale or rent on PropertyGuru Singapore.