{"id":20932,"date":"2016-07-08T07:30:51","date_gmt":"2016-07-08T00:30:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/eye-on-farrer-park-perks-of-the-park-life\/"},"modified":"2016-07-26T15:41:31","modified_gmt":"2016-07-26T08:41:31","slug":"eye-on-farrer-park-perks-of-the-park-life","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eye-on-farrer-park-perks-of-the-park-life\/","title":{"rendered":"Eye on Farrer Park: Perks of the Park life"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/07\/EO10201.png?fit=526%2C348\" width=\"526\" height=\"348\">&#013;<br \/>\nLocated in the immediate vicinity of Little India, colourful shophouses are a common sight in Farrer Park as well.<br \/>\nPart of Farrer Park\u2019s appeal is its close proximity to Little India, but it is a thriving estate in its own right, something residents and even property developers recognise.<br \/>\nby\u00a0Cheryl Marie Tay<br \/>\nA historic estate located in central Singapore, Farrer Park is part of the Rochor planning area and is juxtaposed against the colourful landscape of Little India.<br \/>\nThroughout most of Singapore\u2019s history, Farrer Park was known for being the site of the country\u2019s first ever racecourse, the Singapore Sporting Club\u2019s Serangoon Road Race Course, which was set up in December 1842.<br \/>\nThe venue\u2019s weekend horse races drew mostly European crowds, while the neighbourhood itself was home to a growing Indian community, who worked mainly on the area\u2019s cattle farms, pineapple factories and rattan processing houses.<br \/>\nFlying into the 20th century<br \/>\nAnother thing Farrer Park is known for is its historical association with aviation in Singapore. In fact, the first plane to fly over Singapore did so above Farrer Park in 1911. The Serangoon Road Race Course grounds also doubled as an airstrip during Singapore\u2019s centenary celebration nearly eight years later in February 1919.<br \/>\nThe racecourse was renamed the Singapore Turf Club in 1924, and in 1933, after about 90 years at Farrer Park, it moved to its current location at the Bukit Timah Race Course. Farrer Park then became a sporting venue, first for playing fields and a Sports House where the grandstand once stood, then with the National Sports Promotion Board setting up its headquarters in the Sports House from 1971 to 1973. Other sports associations also set up shop in the Sports House until 1985, when a fired destroyed it.<br \/>\nWar and peace<br \/>\nBut apart from horseracing, aviation and sports, Farrer Park\u2019s place in Singapore\u2019s history is also characterised by the political gatherings it hosted before and after the war.<br \/>\nPolitical rallies were a common occurrence there in Singapore\u2019s post-war fight for independence from Malaya, and on 15 August 1955, the People\u2019s Action Party (PAP) campaigned for self-government at Farrer Park.<br \/>\nA vibrant neighbourhood<br \/>\nToday, Farrer Park is a vibrant neighbourhood with plenty to see, eat, buy and do. It is easily accessible via Farrer Park MRT station on the North-East Line, and within its vicinity are the Kandang Kerbau Women and Children\u2019s Hospital, Farrer Park Hospital, Farrer Park Aquatic Centre, Farrer Park Tennis Centre, East Asia School of Theology, City Square Mall and of course, Little India. It is also walking distance from the Jalan Besar neighbourhood.<br \/>\nJagwinder Singh, 30, a restaurateur whose family owns Jaggi\u2019s North Indian Cuisine (temporarily located on Chander Road while its Race Course Road outlet undergoes renovations) has lived in the area for the past 16 years.<br \/>\n\u201cI lived in Hougang prior to our relocation to Farrer Park, a largely business-oriented move. There were quite a few changes I had to acclimatise myself to; I was not in the heartlands anymore but was now living in a commercialised area in the city.\u201d<br \/>\nHe considers life in Farrer Park a significant improvement over life in the heartlands: \u201cA major plus has to be that there is so much to do, see and explore. I don\u2019t have to trudge out of my flat and endure a gruelling hour-long bus journey to the city anymore; I\u2019m right in it!\u201d<br \/>\nIn terms of food, attractions, nightlife and shopping in and around Farrer Park, Singh has a laundry list of recommendations. He says, \u201cThis area has it all. There are a few good bars to frequent, particularly those on Dunlop Road. For food, head down to the famous Race Course Road and get your fill of fish head curry.\u201d<br \/>\nOf course, he doesn\u2019t leave out his own restaurant, which he describes as a \u201clegendary household name spanning two generations of loyal culinary addicts\u201d. The North Indian eatery is best known for its tandoori fare and signature butter chicken.<br \/>\nFor shopping, he recommends \u201cthe warehouse of department stores, Mustafa Centre, (which is) open 24\/7 like a 7-11\u201d.<br \/>\nApart from the many eateries in Little India, however, Farrer Park has a good variety of other types of cuisine. The famous Ng Ah Sio Pork Rib on Rangoon Road, Wah Kee Big Prawn Noodles on Cambridge Road, and the popular Cambridge Road Market and Food Centre (better known to regular patrons as Pek Kio) offer a wide range of local favourites guaranteed to leave your stomachs full and taste buds satisfied.<br \/>\nA lucrative location<br \/>\nFarrer Park sits on the edge of Rochor, just beside Kallang. Its proximity to the city centre gives it a competitive edge over developments that are further away. Residential projects located within Farrer Park can benefit from being approximately 10 minutes away from the CBD, as rental demand tends to move in tandem with proximity to employment centres.<br \/>\nFurthermore, Little India, which is just one MRT station away from Farrer Park on the North-East Line, is connected to the Downtown Line, allowing residents to travel to the CBD quickly. Connectivity aside, Farrer Park is also home to an integrated hotel and hospital complex, Connexion, which would be attractive to retirees or medical tourists.<\/p>\n<p>Wong Xian Yang, Assistant Director of Research and Consultancy at OrangeTee.com, says: \u201cFor developments within and around Farrer Park, the main selling points are their locality, and perks of being a part of the central region, such as convenience and proximity to the CBD, as this increases their \u2018rentability\u2019. City Square Residences, a freehold project, enjoys rental yields of around 3.1 to 3.5 percent, depending on the unit size.\u201d<br \/>\nAnother prominent residential project near Farrer Park is Sturdee Residences, a 99-year leasehold development on Beatty Road by Sustained Land. The 305 units within its two 230-storey blocks include one- to four-bedroom apartments as well as penthouses, and among its facilities are a reflective pool, TRX exercise corner and private sky bar.<br \/>\nRecognising opportunities<br \/>\nThough the property market has been down, homebuyers can take this opportunity to search for value-for-money buys within the resale market. Those who prefer new launches can consider Sturdee Residences, which was 52 percent sold out as of May this year. Buyers who can afford to wait can consider the Perumal Road land site, which is expected to be launched later this year in November. The site is located just a stone\u2019s throw away from the Farrer Park MRT station. However, buyers should bear in mind that the project will probably be available for sale only in 2018.<\/p>\n<p>Wong advises investors to \u201cconsider commercial space, which has been relatively unaffected by the cooling measures\u201d.<br \/>\n\u201cCentrium Square, also located in the vicinity, offers a host of various freehold strata commercial space, such as office units, medical suites and retail shops.\u201d<br \/>\nUltimately, Farrer Park\u2019s prospects are underpinned by its central location and MRT connectivity. The completions of commercial developments in the area, such as Farrer Square and Centrium Square, may allow Farrer Park to transition into a medical hub similar to Novena. In turn, this would likely bode well for residential prices and rents in the area.<\/p>\n<p>\u00a0<\/p>\n<p>This article was first published in the print version PropertyGuru News &amp; Views. Download PDFs of full print issues or read more stories now!<\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nSource : proppertyguru.com.sg\/Property Market&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.propertyguru.com.sg\/property-management-news\/2016\/7\/129917\/eye-on-farrer-park-perks-of-the-park-life\" target=\"_blank\">Eye on Farrer Park: Perks of the Park life<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Located in the immediate vicinity of Little India, colourful shophouses are a common sight in&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":20933,"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-20932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/07\/EO10201.png?fit=526%2C348&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5rC","jetpack-related-posts":[{"id":94525,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-sutton-place-up-for-sale-at-268m\/","url_meta":{"origin":20932,"position":0},"title":"Freehold condo Sutton Place up for sale at $268m","date":"July 24, 2018","format":false,"excerpt":"\r Sutton Place is located close to Farrer Road MRT station, and is also a short drive to the Central Business District and Orchard Road. (Photo: Knight Frank) Sutton Place, a five-storey residential development off Farrer Road, has been put up for sale with a reserve price of $268 million,\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71360,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/widow-sues-grandson-over-farrer-road-family-home\/","url_meta":{"origin":20932,"position":1},"title":"Widow sues grandson over Farrer Road family home","date":"November 9, 2017","format":false,"excerpt":"\r Claiming a 60 percent stake in the $4 million Farrer Road family home, 80-year-old widow Madam Lim Hoon Neo sued her 39-year-old grandson, Ang Wee Chai who had been named by her husband sole executor of the estate, reported The New Paper. 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(Photo: Colliers International) A three-storey terrace house with an attic has been put up for sale by tender for $6.6 million, or $1,200 psf based on its total built-up area of 5,500 sq\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126299,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-see-strong-demand-for-farrer-park-flats-golden-mile-complex-gets-green-light-for-collective-sale-at-700mil-and-more\/","url_meta":{"origin":20932,"position":3},"title":"Analysts see strong demand for Farrer Park flats, Golden Mile Complex gets green light for collective sale at $700mil and more","date":"May 5, 2022","format":false,"excerpt":"\r Analysts see strong demand for Farrer Park flats, Golden Mile Complex gets green light for collective sale at $700mil and more19th April to 2nd May\u00a02022 Analysts expect the upcoming 1,600 Build-to-Order (BTO) flats in Farrer Park to receive strong demand, given the new estate\u2019s desirable location and amenities. Meanwhile,\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/05\/singapore-river-merlion-cbd.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":26928,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/big-plans-for-little-india\/","url_meta":{"origin":20932,"position":4},"title":"Big plans for Little India","date":"September 23, 2016","format":false,"excerpt":"\r In Little India, Hindu temples sit right next to modern condominiums. Gazetted as a conservation area in 1989, Little India retains much of its old-world charm, with many shophouses and religious monuments still standing today. However, there are plans to make the area more vibrant and liveable, with new\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/09\/Sturdee-Residences-2-845x1024.jpg?fit=845%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":40195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/perumal-road-site-attracts-174m-top-bid\/","url_meta":{"origin":20932,"position":5},"title":"Perumal Road site attracts $174m top bid","date":"January 10, 2017","format":false,"excerpt":"\r Aerial view of the land parcel at Perumal Road. (Photo: URA) A residential with first storey commercial site at Perumal Road in Litte India attracted strong interest from developers, with 11 bids submitted at the close of its public tender on Tuesday (10 February), revealed the Urban Redevelopment Authority\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20932"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=20932"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/20933"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=20932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=20932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=20932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}