CITY Developments Ltd (CDL) is set to launch its Havelock Road project Union Square Residences, with prices starting from S$1.38 million or just under S$3,000 per square foot (psf) for the 99-year leasehold project on the fringe of the Central Business District (CBD).
One-bedroom apartments of about 463 square feet (sq ft) start at S$1.38 million or S$2,981 psf. Two-bedroom units, starting from 700 sq ft in size, are priced from about S$2 million or S$2,854 psf, while three-bedders from 990 sq ft will start at S$2.82 million (S$2,848 psf). Four-bedroom premium units (1,518 sq ft) will go from S$4.62 million or S$3,043 psf. Sky suite units (2,476 sq ft), located at levels 38 and 39, are priced from about S$9.29 million or S$3,751 psf.
Located in District 1 and near the Singapore River precinct and CBD, the 40-storey Union Square Residences tower consists of 366 units and is part of Union Square, a large-scale mixed-use development with office, retail, food and beverage (F&B) space and a co-living component with a hotel licence.
In a statement on Tuesday (Oct 29), Sherman Kwek, group chief executive officer of CDL, said: “Union Square Residences is designed to provide unmatched luxury living at the nexus of the charming Singapore River and the bustling CBD. This landmark project will infuse new energy into the integrated community, with its bold architecture redefining the city skyline.”
Besides residential units, Union Square Residences will also have commercial space on the first and second storeys. The residential block is connected to a 20-storey Grade A office tower known as Union Square Central, together with retail and F&B amenities.
Buyers can expect to collect their keys in 2031.
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Union Square is CDL’s third mixed-use redevelopment project in the Central Area. Its other projects in the Central Area include Canninghill Piers and Canninghill Square, a joint venture project with CapitaLand being built on what used to be Liang Court, and Newport Plaza (formerly Fuji Xerox Towers).
Earlier this month, CDL launched its Norwood Grand project in Woodlands, and sold 292 units or 84 per cent of its 348 units at an average selling price of S$2,067 psf. It was the best-performing private residential project so far in 2024, CDL had said. Aside from the largest four-bedroom premium plus study units, all other unit types were sold out.
Other recent launches include UOL’s freehold Meyer Blue, which sold slightly more than half of its 226 units over its launch weekend in early October at an average price of S$3,260 psf.
A joint venture between MCL Land and Sinar Mas Land will also start previews for their Pine Grove project Nava Grove next week, with prices starting at S$1.39 million or S$2,224 psf for two-bedders.
Previews for Union Square Residences start on Nov 1, and CDL will start booking sales on Nov 16.
