Introducing Newport Residences
Located in Singapore’s central business district, Newport Residences is a brand-new mixed development. It is a rare freehold integrated development, with commercial offices in the form of Newport Tower and residential units in the form of Newport Plaza.
This project is part of the government’s CBD incentive scheme, which aims to transform Singapore’s CBD areas and add more homes. It also comes with a variety of amenities and facilities, including an indoor sports court, a clubhouse, and a children’s playground.
Aside from that, it is a great investment because it has potential to yield rental income, due to its location and proximity to major companies and schools. In addition, the city centre has several shopping malls that offer a variety of retail options for residents, as well as restaurants and cafes that serve a range of international cuisine.
It is also close to two MRT stations, which will make it easy for residents to travel around Singapore and its surroundings. The nearest one is the Prince Edward Road MRT station, which is currently under construction to close the loop, while the Tanjong Pagar MRT station is within walking distance.
The city’s rejuvenation plans are also in place, which bodes well for the area. These plans aim to modernize the city and meet the needs of locals.
With these improvements in mind, it is no wonder that properties in the Central Catchment Region (CCR) are already highly priced. This is due to the fact that they are already situated in a prime location, which makes them difficult to replace.