Union Square Residences
QUICK SUMMARY
This project presents a decent pricing proposition for a luxury CCR development, aligning with urban rejuvenation trends and offering strong investment potential in a recovering high-end market, despite concerns about historical capital appreciation in the immediate vicinity and specific exit strategies raised by one reviewer.
PRICE GUIDE
What You'll Pay
Indicative pricing from launch weekend. Figures based on developer price list.
| UNIT TYPE | SIZE RANGE | FROM PSF | PRICE RANGE |
|---|---|---|---|
| 1 Bedroom | 463 – 506 sqft | $2,605 | $1.32M – $1.82M |
| 2 Bedroom | 700 – 743 sqft | $2,648 | $1.88M – $2.55M |
| 3 Bedroom | 990 – 1,066 sqft | $2,626 | $2.60M – $3.25M |
| 4 Bedroom Premium | 1,518 sqft | $3,043 | $4.62M – $5.22M |
| Sky Suite | 2,476 sqft | $3,837 | $9.50M |
| Penthouse | 4,833 sqft | $3,838 | $18.5M – $21.888M |
FEATURED CHANNEL REVIEWS
What the Experts Say
Key takeaways from two trusted Singapore property YouTube channels.
- Developed by CDL, a trusted and reputable name in Singapore
- Primarily positioned as an investment property rather than for own-stay, with a limited owner-occupier profile
- Comparable resale properties (e.g., larger units in Orchard or landed in City Fringe) might offer better value or immediate rental income at similar price points
- Excellent central location with walking distance to three MRT stations (Fort Canning, Clark Quay, Chinatown)
- Mixed development incorporating commercial units, co-living, and office spaces, fostering a 'live, work, play' environment
- Offers good views towards Clark Quay, CBD, Marina Bay Sands, and Robertson Quay
- Future pedestrianisation of Merchant Road will enhance connectivity to Fort Canning MRT via Canning Hill Piers
- CDL's strategy of capital recycling and reinvesting in high-growth potential sites suggests confidence in the project's future
- Aligns with URA's master plan and government incentives for central area rejuvenation and new housing development
- Waterfront living by the Singapore River offers a premium and in-demand lifestyle, comparable to global cities
- The luxury market segment is showing resilience and a bounce-back despite the 60% Foreigner ABSD
- The CCR region may currently present a good 'reloading' opportunity for investors due to a slight downtrend and potential future ABSD reductions
- North views may be partially obstructed by Canning Hill Piers
- Changes to Merchant Road (one-way, pedestrian-only section) could potentially impact vehicular convenience
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- Developed by CDL, a trusted and reputable name in Singapore
- Primarily positioned as an investment property rather than for own-stay, with a limited owner-occupier profile
- Comparable resale properties (e.g., larger units in Orchard or landed in City Fringe) might offer better value or immediate rental income at similar price points
▶
- Excellent central location with walking distance to three MRT stations (Fort Canning, Clark Quay, Chinatown)
- Mixed development incorporating commercial units, co-living, and office spaces, fostering a 'live, work, play' environment
- Offers good views towards Clark Quay, CBD, Marina Bay Sands, and Robertson Quay
- Future pedestrianisation of Merchant Road will enhance connectivity to Fort Canning MRT via Canning Hill Piers
- CDL's strategy of capital recycling and reinvesting in high-growth potential sites suggests confidence in the project's future
- Aligns with URA's master plan and government incentives for central area rejuvenation and new housing development
- Waterfront living by the Singapore River offers a premium and in-demand lifestyle, comparable to global cities
- The luxury market segment is showing resilience and a bounce-back despite the 60% Foreigner ABSD
- The CCR region may currently present a good 'reloading' opportunity for investors due to a slight downtrend and potential future ABSD reductions
- North views may be partially obstructed by Canning Hill Piers
- Changes to Merchant Road (one-way, pedestrian-only section) could potentially impact vehicular convenience
Despite a decent launch price, Eric does not recommend the project due to poor historical investment returns of a comparable, the availability of better value alternatives, and a difficult perceived exit strategy.
Jim considers Union Square Residences a promising 'dark horse' investment opportunity, highlighting its strategic location, alignment with urban rejuvenation, and potential for capital appreciation in the high-end CCR market.
ROBOPROP AI VERDICT
Investors seeking a luxury asset in the central area with potential for capital appreciation, those interested in vibrant waterfront living, and individuals with a "special taste" for high-end properties.
This project presents a decent pricing proposition for a luxury CCR development, aligning with urban rejuvenation trends and offering strong investment potential in a recovering high-end market, despite concerns about historical capital appreciation in the immediate vicinity and specific exit strategies raised by one reviewer.
Disclaimer: This article summarizes publicly available opinions from featured YouTube channels. Scores are editorially assigned by RoboProp and do not constitute financial or investment advice. All pricing is indicative and subject to change. Always do your own due diligence before making property decisions.