Condo strip boosts Bedok Reservoir's appeal

Condo strip boosts Bedok Reservoir's appeal

A Quiet stretch in Bedok Reservoir Road has been transformed in recent years into a row of private condos housing more than 2,300 units.

The new developments have helped to raise home-buyer interest for the entire area.
Four condos in the Waterfront collection developed by Far East Organization and Frasers Centrepoint dominate the strip.

Farther down the road is UOL Group's Archipelago, which was launched in December.
About 485 flats have been sold at the 577-unit project. It was launched at a median price of about $1,118 psf, slightly pricier than Waterfront Isle, which was launched in January last year at a median price of $980 psf.

Waterfront Key, launched in 2009, was sold for a median price of about $734 psf. A year later, Waterfront Gold went for a median price of about $996 psf.

While the Waterfront condos are separated from the reservoir by a road, most of the units have unblocked water-facing views, especially those on the higher floors, but some apartments at the lower-rise Archipelago may not enjoy the same view.

Older condos nearby are recording higher median resale prices. For instance, Aquarius by the Park had a median price of $864 psf in the second quarter of this year, on $799 psf a year earlier.

There is no MRT station at Bedok Reservoir yet but that will change in 2017 when the new Downtown Line opens. The spruced-up reservoir park will also add to the area's appeal, with an outdoor adventure centre and restaurant.

Source: The Straits Times – 25 August 2012