The Reserve Residences
Review on Far East Organisation Emerged As The Developer of The Reserve Residences Condo
Introduction
This is a review of the recent award of the tender for The Reserve Residences site by the Urban Redevelopment Authority (URA) to a partnership consisting of Far East Organization (FORE) and Sino Group. The article will cover the details of the tender, including the bids submitted by other developers, the location of the site, and the amenities that will be available to future residents.
Tender Details
The winning bid for the tender submitted by Far East Organization and Sino Group was $1.03 billion. The maximum gross floor area (GFA) for the site is $989.4 per square foot psf/ppr. Other developers who submitted joint bids included Wing Tai Holdings and Mercatus Commercial Trust with a bid of S$1.011 trillion, and Allgreen Properties and Kerry Properties with a joint bid of S$808.99 million.
Site Location
The Reserve Residences site covers 3.22 hectares of land and is located at the intersection of Jalan Jurong Kechil and Upper Bukit Timah Road. It is close to Beauty World MRT Station, and it is expected that the site will yield 732 residential units, approximately 160 serviced residences and approximately 20,000 square meters for commercial use. A second-floor bus interchange will also be added to the site to improve connectivity.
Amenities and Benefits of Investing in The Reserve Residences
The Reserve Residences will be a mixed-use residential, commercial, and transport hub, offering modern amenities that will make life easy for residents. The location of the site in the vibrant Beauty World neighborhood makes it an ideal location for young professionals and families, with easy access to all amenities.
Beauty World MRT Station is just a two-minute walk from the site, and major expressways PIE and KJE are easily accessible. The Central Business District (CBD) is just 15 minutes away, providing easy access to more restaurants, shopping, entertainment, and other amenities.
Other amenities include large F&B, retail, and office spaces, creating a new urban heartbeat in the neighborhood. Future residents will enjoy great living spaces thanks to the location and the lush greenery of the neighborhood.
The site is also close to Bukit Timah Natural Reserve, providing access to peaceful outdoor spaces to escape from the hustle and bustle of everyday life.
Additionally, there are many excellent schools nearby, such as Arise Kindergarten and Pei Hwa Presbyterian Primary School, making it easy for children to learn at home. Finally, there are many hospitals and clinics nearby, providing good access to family healthcare.
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WHY BUY OR INVEST IN THE RESERVE RESIDENCES
The Reserve Residences is a great investment or purchase for young professionals and families due to its strategic location in the lively Beauty World neighbourhood.
It is just a 2-minute walk from Beauty World MRT and close to several shopping spots, including Beauty World Plaza, Bukit Timah Shopping Centre, and Beauty World Centre.
The development is also close to Bukit Timah Nature Reserve, providing a serene escape from busy city life.
The Reserve Residences has good access to major expressways and public transport, making it easy to get to the CBD for dining, shopping, and entertainment.
The development is within 1 km of several good schools, such as Pei Hwa Presbyterian Primary School, Methodist Girls' School, and Arise Kindergarten.
It is being developed by reputable developers, Far East Organization, and Sino Group promising stylish modern designs and enticing facilities for an ideal lifestyle. Additionally, there are hospitals and clinics nearby, providing easy access to family healthcare.
BENEFITS THAT FUTURE RESIDENTS OF THE RESERVE RESIDENCES WILL ENJOY LIVING IN UPPER BUKIT TIMAH
THE RESERVE RESIDENCES – UNMATCHED CONVENIENCE
The Reserve Residences is located in a charming and well-connected neighbourhood, just a short distance from the CBD.
The development offers a range of facilities and easy access to essential amenities such as hawker centres, supermarkets, restaurants, and malls.
There are also many schools to choose from nearby, including top choices such as Singapore Chinese Girls’ School, Bukit Timah Primary, Anglo-Chinese School (Junior), and Nanyang Girls’ High School. The Reserve Residences is also within 1 km to Pei Hwa Presbyterian Primary School and Methodist Girls' School
The development is surrounded by exciting places to have fun on weekends, such as the Bukit Timah Nature Reserve, Singapore Botanic Gardens, and the iconic Bukit Timah Hill.
The Reserve Residences is a sought-after integrated residential development (Residential, Serviced Residences, Shops and F&B)
The Reserve Residences is an Integrated Transport Hub with air-conditioned bus interchange and underground link to Beauty World MRT Station, which brings residents to the CBD within a few minutes.
With everything conveniently located nearby, The Reserve Residences offers a convenient and enjoyable lifestyle for families.
THE RESERVE RESIDENCES - EXCELLENT CONNECTIVITY
The Reserve Residences boasts excellent connectivity, with a new bus interchange connected to Beauty World MRT station, providing residents access to bus services and the Downtown Line.
The Downtown Line also links to nearby schools and attractions like the Botanic Gardens, as well as key areas like Marina Bay Sands, Suntec City, Bugis, Little India, Chinatown, and Marina Bay Financial District.
For car owners, there are several major roads and expressways like Bukit Timah Road, Farrer Road, PIE, BKE, and Kranji Expressway within easy reach.
THE RESERVE RESIDENCES – PROXIMITY TO GOOD SCHOOLS
Bukit Timah is an ideal neighbourhood for families, with a range of school options available, from local to international schools. There are plenty of schools nearby, making it an attractive option for both local and expatriate families.
Some of the schools that are within a short distance from The Reserve Residences include Pei Hwa Presbyterian Primary School, Methodist Girls' School Primary and Secondary, Nanyang Girls' High School, Bukit Timah Primary School, National Junior College, Hwa Chong Institution, Ngee Ann Polytechnic, Singapore International Korean School, Bukit View Primary School, Methodist Girls' School, The Garden House Preschool, and Singapore University of Social Sciences.
THE RESERVE RESIDENCES CONDOMINIUM ENJOYS EASY ACCESS TO SHOPPING MALLS
Living in a convenient neighbourhood with easy access to shopping amenities is important, and Bukit Timah is an excellent choice for The Reserve Residences residents.
There are many good malls nearby that offer more than just household needs, with banks, restaurants, F&B outlets, saloons and a wide range of local and international brands.
Some of the best places to shop within a short walk from The Reserve Residences include Beauty World Centre, Beauty World Plaza, Courts Bukit Timah, Bukit Timah Shopping Centre, and Bukit Timah Plaza. Additionally, NTUC FairPrice, Bukit Timah Market, FairPrice Finest at Bukit Timah Plaza, and Giant Supermarket at Beauty World Plaza are all easily accessible for groceries.
BEAUTY WORLD CENTRE
Beauty World Centre, located just an 8-minute walk away, is an iconic mall that is home to well-established brands. The mall boasts 5 storeys dedicated to retail stores, making it easy to find almost anything you need.
Some of the anchor tenants at the mall include Giant Supermarket, McDonald's, Yong Kang Reflexology, and Thai Boat Noodles.
BUKIT TIMAH PLAZA
Bukit Timah Plaza is located at 1 Jalan Anak Bukit and is less than a 5-minute walk away from The Reserve Residences. It is conveniently situated close to the Beauty World MRT station.
The mall houses numerous stores that cater to a variety of shopping needs, including a supermarket, F&B outlets, education centers, beauty stores, and other places of interest. With its comprehensive selection of stores, the mall offers something for everyone in the family.
BUKIT TIMAH SHOPPING CENTRE
The renowned Bukit Tomah Shopping Centre can also be found nearby on Upper Bukit Timah Road. The centre provides a wide range of amenities and facilities to cater to shoppers' daily necessities. You can enjoy various options from retail stores, grocery stores to eateries serving delicious food.
PROXIMITY TO EATERIES AND RESTAURANTS – THE RESERVE RESIDENCES JALAN ANAK BUKIT
Spending time dining outdoors with loved ones is an excellent way to unwind and relax, especially during evenings or weekends. Fortunately, residents of The Reserve Residences have convenient access to a variety of intimate restaurants, cafes, and hawker stalls that offer a soothing ambiance.
These dining spots feature an array of delicately prepared dishes, ranging from local Chinese to international cuisine that is sure to satisfy everyone in the family.
For those who love hawker food, the nearby Bukit Timah Market & Food Centre is the ideal place to indulge in a variety of local delights. Located adjacent to Beauty World MRT, this bustling hawker centre offers a diverse selection of dishes, including Penang laksa, satay bee hoon, chicken rice, satay, carrot cake, and more.
Whether you're searching for family-friendly restaurants, trendy cafes, brunch destinations, or a place to catch up with friends over a few drinks and watch your favorite EPL team, there are countless options available.
Below are some of the best food and drink places in Bukit Timah:
Boon Tong Kee chicken rice
Greenwood Fish Market and Bistro
Peperoni Pizzeria
Plain Vanilla
Al-Azhar
BBQ Box
Joo Seng Teochew Porridge
Ng Kim Lee Confectionery
Atlas Coffeehouse
Thai Central
Bar Bar Black Sheep
THE RESERVE RESIDENCES – PROXIMITY TO NATURE
Bukit Timah is a haven for nature enthusiasts, offering breathtaking nature spots away from the hustle and bustle of modern shopping and dining amenities. As a resident of The Reserve Residences, you will have the opportunity to immerse yourself in lush rainforests and tropical greenery.
With a nature reserve right in your backyard, you can enjoy incredible eco-spots, treetop walking trails, and a serene outdoor atmosphere that is perfect for unwinding. Families that love to have fun will always have exciting things to do on weekends and holidays in this family-friendly neighbourhood.
Bukit Timah Nature Reserve
Just a short 8-minute walk from The Reserve Residences lies Bukit Timah Nature Reserve, the ultimate destination for nature lovers and fitness enthusiasts alike. Featuring Singapore's tallest hill, this park offers a plethora of activities to explore with your kids. You can enjoy the abundant open spaces, walking, jogging, and cycling routes, all while breathing in the cool fresh air and taking in the lush green landscapes.
For more recreational opportunities to escape from the busy city life, you can also explore The Rail Corridor, which connects Tanjong Pagar and Woodlands, with a section in Bukit Timah near King Albert Park MRT. The nearby Rifle Range Nature Park, the new Coast-to-Coast trail, and Beauty World offer additional interesting recreational centers.
In the future, the 11km Bukit Timah-Rocher Green Corridor connecting Kallang Riverside Park and Bukit Timah, as well as the Bukit Timah Canal, will offer even more options for residents to enjoy.
With a dedicated Bukit Timah gate, the Singapore Botanic Gardens is another incredible place to explore with your kids.
Other kid-friendly spots in the area include Turf City, The Cage Sports Park, The Grandstand, Bukit Timah Saddle Club, and Watten Heights playground.
HOW THE URA MASTER PLAN 2019 WILL BENEFIT THE RESERVE RESIDENCES RESIDENTS
When it comes to Bukit Timah, one thinks of excellent schools, abundant greenery, upscale residences, and proximity to amenities. Over the years, it has become one of the most sought-after neighborhoods in Singapore. Bukit Timah epitomizes the country's luxury living, and its accessibility and convenience are unmatched.
Thanks to the Urban Redevelopment Authority's (URA) Master Plan 2019, Singapore's neighborhoods are undergoing transformation, and Bukit Timah is no exception. The plan aims to revitalize Bukit Timah by enhancing its infrastructure, preserving heritage sites, improving green spaces, and increasing accessibility. The ultimate goal is to make the neighborhood more inclusive, attractive, and desirable for current and future residents.
Here are some of the upcoming developments that will benefit homeowners and property investors in Bukit Timah within the next 10-15 years:
Improved connectivity: The existing transportation network will be upgraded, and new modes of transportation will be added to connect Bukit Timah to other parts of Singapore. The Beauty World Integrated Transport Hub will provide seamless connections between MRTs and malls.
Additional condominiums with modern facilities will be constructed to cater to modern living.
The Bukit Timah Railway Station will be transformed into a heritage gallery, bringing attractions and history closer to residents' homes.
Development of the Sky Park over the 3.2km Bukit Timah canal. The elevated walkway will feature extensive greenery and link various areas in Bukit Timah to the Elm Avenue railway corridor.
The newly opened 4km Rail Corridor section in Bukit Timah provides a great opportunity for residents and visitors to explore nature.
With several developments in progress, property prices within and around Bukit Timah are expected to rise. The new developments and recreational amenities will play a significant role in driving up property prices, as Bukit Timah offers better access to amenities, making the area more desirable.
Bukit Timah is highly sought after by local and foreign investors looking to take advantage of its potential high capital appreciation. If you're considering investing in property in this area, now might be the ideal time to do so!
Showflat For Preview Open daily from 6 May 2023, 10.00 am to 7.00 pm, by appointment only.
Contact Vincent Siew @ 97321004 to book an appointment.