Exploring Singapore’s New Luxury Hotspots
Why It's No Longer Just Sentosa
For many years, Sentosa was synonymous with luxury living in Singapore, offering exclusive waterfront properties and a resort-like lifestyle. However, as Singapore’s property landscape evolves, it’s becoming clear that luxury living is no longer confined to Sentosa. Prime developments across other key areas of the island are now reshaping the definition of luxury living. Here’s why you should look beyond Sentosa for your next high-end investment.
While Sentosa has long been considered the go-to for luxury properties, areas like Meyer Road, Orchard, and Bukit Timah are now dominating the luxury market. Projects such as Meyer Blue and Amber Park along the East Coast are commanding record prices, with Meyer Blue recently achieving over $3,260 psf on its launch day. These developments offer proximity to the city, unparalleled views, and exclusive facilities that rival even Sentosa’s most prestigious offerings.
Insight: Investors are turning to these districts not just for luxury living, but for long-term capital appreciation. These areas offer a balance of exclusivity and convenience, being well-connected to both the Central Business District (CBD) and lifestyle amenities.
With the Kallang Alive Masterplan in full swing, luxury living in Singapore is set to expand further. Plans for a new 18,000-seater indoor arena and a pedestrianised boulevard are transforming the Kallang area into a vibrant, high-end destination. This redevelopment promises to elevate property values in the area, making it a contender for the next luxury hotspot.
Insight: The Kallang Alive project isn’t just about creating a sporting hub; it’s about offering an integrated lifestyle experience. High-end residential projects are likely to emerge in the area, with buyers drawn to the accessibility, entertainment options, and future capital gains.
Luxury buyers are increasingly prioritising connectivity over isolation. While Sentosa offers seclusion, prime districts such as Orchard, Tanglin, and Holland Village provide easy access to the city’s best shopping, dining, and cultural experiences. These locations offer a blend of exclusivity and connectivity, which is becoming more appealing to both local and foreign investors.
Insight: Developments in these areas attract high-net-worth individuals who seek convenience without compromising on luxury. For investors, properties in these well-connected areas are more likely to see sustained demand and rental yields, especially with Singapore’s status as a global financial hub.
While Sentosa remains an icon of luxury, it’s becoming more niche. The island’s properties appeal to a specific demographic—those looking for a more laid-back, resort-style living. However, with tighter restrictions and limited supply, Sentosa's appeal is starting to plateau compared to other emerging luxury spots.
Insight: If you're considering a long-term investment, areas beyond Sentosa may offer better appreciation potential. However, if your priority is privacy and waterfront living, Sentosa still holds strong appeal, albeit for a select few.
As Singapore continues to develop, luxury living is expanding beyond the shores of Sentosa. With projects like Meyer Blue, Kallang Alive, and developments in Orchard and Bukit Timah, there’s a wealth of options for buyers seeking luxury without the constraints of island living. Whether you prioritise connectivity, exclusivity, or future growth potential, Singapore’s evolving property landscape has something to offer every high-end investor.
Why Choose Mike Parikh? With over 30 years in the real estate market, I’ve seen luxury living evolve across Singapore. Whether you're looking for an investment or a luxury home, I provide personalised advice tailored to your needs. Let’s explore Singapore’s luxury market together. Visit my website or call me at 93838818 today for more insights.
- Mike Parikh