{"id":103228,"date":"2019-01-23T11:18:30","date_gmt":"2019-01-23T04:18:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-may-sell-units-in-st-regis-residences-due-to-strong-interest\/"},"modified":"2019-01-23T14:05:29","modified_gmt":"2019-01-23T07:05:29","slug":"developer-may-sell-units-in-st-regis-residences-due-to-strong-interest","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-may-sell-units-in-st-regis-residences-due-to-strong-interest\/","title":{"rendered":"Developer may sell units in St Regis Residences due to strong interest"},"content":{"rendered":"


\nThe Ritz-Carlton Residences was completed in 2011 and comprises 58 three- and four-bedroom apartments spread over a 36-storey tower. (Photo: CDL)
\nCity Developments Limited (CDL) has recently received numerous enquiries for St Regis Residences. Hence, it may consider releasing apartment units currently held for investment soon, revealed its parent firm Hong Leong Group on Tuesday (22 Jan).
\nSince the premiere of \u201cCrazy Rich Asians\u201d, Singapore has been in the global spotlight as the playground for the super-rich, with many of Asia\u2019s wealthiest flocking to the city-state to buy luxury properties, particularly branded residences, said Hong Leong Group, which cited separate reports from Knight Frank and List Sotheby\u2019s International Realty.
\nRead our\u00a0Step-by-Step Guide\u00a0to buying a condo
\nAccording to Knight Frank\u2019s Brand Residences Report 2019, the branded residence concept started in 1927 with the Sherry-Netherland hotel in New York. But the concept saw rapid expansion across the globe from 2000 to 2018, with more than 400 existing projects globally last year. Of this, 30 percent are in Asia Pacific.
\nBrand residences are sought-after by the rich due to their premium quality, smooth daily operations and the availability of luxury services, said the consultancy. Basically, property owners get the comfort and permanence of a home with the full benefits of a five-star hotel. This is important for affluent people due to their limited time, given their diverse business interests.
\nIn Singapore, there are two branded residences, namely St Regis Residences and The Ritz-Carlton Residences, revealed List Sotheby\u2019s International Realty\u2019s report entitled \u201cLive Branded \u2013 The Rise of Branded Residences\u201d.
\nDubbed as Asia\u2019s first freehold Ritz-Carlton Residence in Asia, The Ritz-Carlton Residences was completed in 2011. It comprises 58 units of three- and four-bedroom apartments spread over a 36-storey tower, with units priced from US$7 million to US$9 million, based on Sotheby\u2019s report.
\nThe 999-year leasehold St Regis Residences in District 10 along Tanglin Road was built in 2008. It consists of 173 apartments spread across two 23-storey towers. Adjacent to the residences is The St. Regis Singapore, a five-star hotel with 299 luxury guest rooms. Based on PropertyGuru listings, unit prices range from S$3.95 million to S$16 million.
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\n\u201cSt. Regis Residences is the art of living. It is the mark of luxury and quality service buyers can recognise and cherish. With such brand awareness, it also makes a good long term investment,\u201d said Kwek Leng Beng, Executive Chairman of CDL and Hong Leong Group.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Developer may sell units in St Regis Residences due to strong interest<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Ritz-Carlton Residences was completed in 2011 and comprises 58 three- and four-bedroom apartments spread...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103228","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qQY","jetpack-related-posts":[{"id":85456,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rivercove-residences-ec-nearly-80-sold-at-average-965-psf\/","url_meta":{"origin":103228,"position":0},"title":"Rivercove Residences EC nearly 80% sold at average $965 psf","date":"April 16, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Rivercove Residences EC in Sengkang. Rivercove Residences\u2019 first ballot and booking exercise saw close to 80 percent of its 628 units sold at an average price of $965 psf, reported the Business Times. The executive condominium (EC) project in Sengkang, which is this year\u2019s only new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111858,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sengkang-grand-residences-apartments-to-open-for-preview-on-friday-with-units-priced-from-798000\/","url_meta":{"origin":103228,"position":1},"title":"Sengkang Grand Residences apartments to open for preview on Friday, with units priced from $798,000","date":"October 24, 2019","format":false,"excerpt":"\r Located in Sengkang Central, the residential component comprises 680 residential units that are spread across nine blocks. Prices start from $798,000 for the one-bedroom with a study unit.\u00a0\u00a0 Property developers CapitaLand and City Developments Limited (CDL) are set to open Sengkang Grand Residences for public preview this Friday (25\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/315-units-at-the-tapestry-sold-strong-turnout-at-park-place-residences-preview\/","url_meta":{"origin":103228,"position":2},"title":"315 units at The Tapestry sold, strong turnout at Park Place Residences preview","date":"March 26, 2018","format":false,"excerpt":"\r Launch crowd at The Tapestry showflat. (Photo: CDL) Two private condominium showflats opened their doors to property seekers over the weekend, attracting keen interest amid the improved market sentiment. The Tapestry by City Developments Limited (CDL) commenced sales on Saturday (24 Mar), while Phase 2 of Lendlease\u2019s Park Place\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82847,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-to-launch-861-unit-tampines-condo-next-weekend\/","url_meta":{"origin":103228,"position":3},"title":"CDL to launch 861-unit Tampines condo next weekend","date":"March 16, 2018","format":false,"excerpt":"\r Artist\u2019s impression of The Tapestry, a new project in Tampines. Source: CDL Property developer City Developments Limited (CDL) is set to launch The Tapestry along Tampines Street 86 next Saturday (24 Mar). Located close to Tampines MRT station and the newly-completed Our Tampines Hub, the 861-unit condominium has a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112119,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/216-sengkang-grand-residences-units-sold-at-launch-weekend\/","url_meta":{"origin":103228,"position":4},"title":"216 Sengkang Grand Residences units sold at launch weekend","date":"November 4, 2019","format":false,"excerpt":"\r Singaporeans accounted for the bulk of the buyers at 93%, while the remaining 7% were permanent residents and foreigners primarily from Malaysia, China, India and the Philippines. Photo: CDL Developers CapitaLand and City Developments Limited (CDL) sold 216 of the 280 units released for sale at Sengkang Grand Residences\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wing-tai-wins-middle-road-site-after-submitting-highest-bid\/","url_meta":{"origin":103228,"position":5},"title":"Wing Tai wins Middle Road site after submitting highest bid","date":"April 8, 2019","format":false,"excerpt":"\r Wing Tai intends to develop the site into two 20-storey residential towers and one block of low-rise residences atop a row of commercial units. 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