Standing Tall In Asia’s Real Estate Market

The Asia-Pacific real estate market has ridden a wave of expansion over the past decade, powered by robust economic growth and strong capital inflows into the region. However, recent headwinds have emerged to threaten the continued growth of the sector. These challenges—ranging from the continued trade spat between the U.S. and China to rising borrowing costs—have persisted into 2019, resulting in heightened uncertainty.

Amid the volatility, however, lies unique developments and concepts that have risen above the competition to grab the attention of investors and buyers. One luxury residential project that has literally taken Singapore’s real estate market to new heights is the Wallich Residence—a one-of-a-kind development that offers an ultra-exclusive, urban-living experience in the heart of the city’s business district.

Developed by GuocoLand, Wallich Residence is perched atop Singapore’s tallest building—the 290-meter Guoco Tower—which has helped elevate the profile of downtown Tanjong Pagar district, one of Singapore’s most sought-after neighborhoods.

Also injecting a dose of vibrancy into the premium end of Singapore’s residential market is the luxurious Marina One Residences, which launched unit sales at its second tower this year. This groundbreaking project is the result of a historic collaboration between Malaysia’s and Singapore’s state-owned investment funds.

More exciting launches are in the pipeline. For instance, developer Aurum Land is introducing a new living concept that combines nature and art in a prime lifestyle district. The Hyde condominium will offer an oasis of tranquility in bustling Singapore, with the lush foliage of Goodwill Hill providing the residence with an air of exclusivity, while high-end boutiques and Michelin-starred restaurants lie minutes away on Orchard Road.

Projects such as these helped boost prime residential prices in Singapore by 9.1% in 2018 to S$3,480 (US$2,565) per square foot as buyers returned to the market in force, according to property consultancy Knight Frank. While the growth trend stalled when the government introduced new cooling measures in July, analysts say a severe price correction in 2019 is unlikely given the city’s stable economic fundamentals.

In Hong Kong, the city’s prime housing prices rose 3.9% in 2018 to HK$33,956 (US$4,328) per square foot, decelerating from a 7.3% increase a year earlier, data from Knight Frank showed. But like Singapore, differentiated offerings are expected to continue to do well over the long term.

One such development is Discovery Bay on Hong Kong’s Lantau Island. Located between the waters of the South China Sea and tree-lined hills, this once-barren land was transformed in the 1980s by developer HKR International Limited into a 650-hectare, world-class, resort-style residential development. As Hong Kong’s largest, low-density, premium integrated development, Discovery Bay is highly sought after by families seeking a vibrant child- and pet-friendly community within the territory.

Over on Hong Kong island, meanwhile, Sun Hung Kai Properties Limited iconic Victoria Harbour residential project is making waves in the market, with the development’s luxury apartments in high demand and registering record prices.

Against a backdrop of uncertainty, investors should take the opportunity to refine their real estate strategies and identify developers and projects that can help build resilience against market volatility into their portfolios.

Aurum Land: Breaking New Ground In Singapore

Facade Artist’s Impression

Real estate group Aurum has forged its reputation in Singapore as an innovative provider of unique residential and commercial spaces. From luxury condominiums to premium co-working spaces, the company is breaking new ground across different market segments. Working with a network of communities, Aurum strives to create value for businesses, professionals and individuals in Singapore and beyond. The group’s business units include Aurum Land, Found8, Core Collective and Aurum Investments.

Since its establishment in 1982, award-winning property developer Aurum Land has championed the seamless fusion of function and form in its developments. The result of this effort is a growing portfolio of exquisite living spaces. Guided by a culture of innovation coupled with deep market insight, Aurum Land is managed by a team of passionate industry professionals who bring with them extensive development expertise, design excellence and technical skills.

The boutique developer adopts an experiential, human-centric approach to building spaces and communities. The end goal is to inject life into its developments while breaking down the walls that limit the possibilities of connectivity. Among its award-winning projects is The Asana. Located in one of Singapore’s most distinguished districts, The Asana is a luxurious urban sanctuary comprising 48 exclusive apartments. Another of its creations, the 1919, is an award-winning collection of 75 black-and-white apartments set amidst the stylish yet tranquil Mount Sophia neighborhood.

NYON: Legacy Retold

Aurum Land continues to blaze new trails with its latest offering—NYON. This exceptional residence seeks to capture the best of living on Singapore’s vibrant East Coast through the harmonious union of heritage and modernity. NYON elevates the residential experience by building a bridge between cutting-edge urban comforts and treasured cultural stories.

Drawing inspiration from the neighborhood’s history, every aspect of the development is imbued with the rich essence of Peranakan culture. From the elegant architecture down to its fine detailed furnishings, NYON’s 92-unit freehold apartments and surroundings faithfully represent the legacy of the Peranakans while delivering an unparalleled living experience.

When completed, the pure white tower of this freehold development on Amber Road will stand out from the area’s surrounding structures—a bold expression of identity that succeeds in being unique, while remaining true to its heritage. From the romance of its public spaces to the thoughtful design of every apartment, NYON’s originality is present throughout the space.

Mosaic Pool at Level 1 Artist’s Impression

Up Close With History

Lying on the fringe of central Singapore in one of Singapore’s most sought-after districts, NYON is an ideal home for living, working and playing. A walk along the surrounding neighborhoods of Joo Chiat and Katong is a journey through a slice of the area’s rich history. The intricate designs of old-world shophouses line the streets, as do shops and eateries that serve up slices of old world charm as well as a taste of the modern.

Whether it’s nyonya rice dumplings—renowned for their sweet-spicy filling—floral batik sarongs or hand-beaded slippers, Peranakan traditions are being celebrated in the district’s boutiques, antique houses and restaurants. Yet the landscape is constantly evolving, and the East Coast has spawned a fresh spirit of creativity that has resulted in a new generation of cultural flavors in the form of modern-day restaurants and retail spaces.

Close by, the seaside attractions of East Coast Park await with a host of outdoor and water activities. For young families, the East Coast is home to some of the country’s best schools, ranging from preschool to junior college. Meanwhile, getting around the island from NYON will be a breeze, as the condominium will be linked to a range of transport options—from Mass Rapid Transit (MRT) stations and bus routes to expressways that connect conveniently to all parts of the island.

Living and Dining Room Artist’s Impression

An Experience in Luxury

Once inside NYON, residents will be treated to a range of features and amenities suited to the lifestyles of the romantic and the adventurous. Upon arriving home, they will be greeted by a stunning courtyard and the arched walkway that feature distinctly Peranakan designs.

From delicious cuisine to fine tableware, the Peranakans were fabulous hosts at social events. This tradition is honored at NYON with several spaces that are designed to let you celebrate special occasions with loved ones. The clubhouse on the ground floor is a beautiful multifunctional space that both invites and impresses, and gives you the option to keep the party indoors or extend it into the garden. Expand your entertainment space to the 14th floor’s Sky Terrace, where there is more to meet all of your social needs. Here you will find a communal dining area with a décor that honors heritage—perfect for dinner parties or family gatherings.

Residents can also choose to relax after a long day at work by taking a dip in a pool sporting the signature patterns of the kebaya (the traditional dress of Peranakan ladies). Or unwind by working out in the gym or sipping your favorite cocktail at the lounge on the 14th floor, all while enjoying the cool sea breeze and expansive views.

A Home for All

The 92 luxurious apartments at NYON, which range in size from 484 to 1,615 square feet, are designed for all demographics. A cozy one-bedroom unit is ideal for singles, while couples can opt for an intimate two-bedroom home. The spacious three-bedroom apartment, meanwhile, has enough room to accommodate families.

All units are fitted with the highest quality fixtures and fittings from luxury brands, including Gessi and Laufen, as well as kitchen appliances by Bosch. Additionally, textured finishes from natural oak timber flooring to fine European marble bring natural beauty into the home.

With its unique Peranakan-infused design, luxury-lifestyle amenities and vibrant neighborhood location, NYON from Aurum Land is an exceptional residence that combines heritage and modernity in a dynamic city.

www.aurum.sg/nyon

For enquires please call +65 6465 8686.