Following the recovery from the Covid-19 pandemic, the reopening of borders has brought a fresh boost of interest in condos in Singapore’s Core Central Region (CCR). With the easing of border controls from China since early 2023, this raise in attention has also triggered government intervention. On April 27, a new round of cooling measures was implemented, doubling the Additional Buyer’s Stamp Duty (ABSD) for foreigners to 60% from 30%. Despite this, the tight supply of new CCR developments, combined with decreasing gaps in property prices between central areas and the Outside Central Region, have kept prices in the CCR stable.

To savvy buyers looking for a palatable quantum and great location, One Draycott in District 10 has just received Temporary Occupation Permit (TOP) in April and presents a promising prospect. This exclusive project offers up 64 units of bespoke luxury homes in the prestigious Ardmore-Draycott residential enclave, just off Orchard Road.

The Ardmore-Draycott area is a sought-after address on account of its close proximity to malls, reputable schools, medical facilities, international hotels, and clubs and associations. As such, demand for housing in this area remained strong despite the pandemic, bolstered by purchases from ultra-high-net-worth individuals and families.

The developer, Selangor Dredging Berhad (SDB), has maintained their prices between $3,200 to $3,700 psf for One Draycott since launch five years ago. With the remaining units comprising two-bedroom apartments with sizes of 732 sq ft and 797 sq ft, starting from $2.3 million, and two-bedroom penthouses of 1,238 sq ft and 1,345 sq ft, available from $3.3 million, this development offers a reasonable entry point into the coveted enclave.

Artfully designed by London-based architectural firm CarverHaggard, One Draycott features a distinct façade that was inspired by the site’s unique triangular shape, with layouts that allow each unit to enjoy ample views and natural sunlight. Its tasteful colour palette of muted gold and black is further brought to life by the work of British artists David and Anna Hiscock (DAH Studio). The interior of each residence is graced with design touches such as herringbone timber flooring in the bedrooms, marble slabs with matte finish in the main living areas, and muted gold perforated screens protecting the balcony space.

In addition, One Draycott offers a thoughtfully-curated collection of facilities, including a swimming pool and pool deck, a gym and an outdoor dining area, located on the second floor. SDB intends to restrategise the prices post-TOP launch to better present the compelling proposition of this newly-completed, freehold residence to prospective buyers.

JCube Residence Condo location is at the junction of the KallangRiver and the junction of the Pan-Island Expressway (PIE) and the East Coast Parkway (ECP). This central location provides unparalleled access to the Marina Bay, Central Business District and Changi Airpot. It is also served by multiple MRT stations.

Amidst the current market environment, One Draycott represents a great opportunity for buyers wishing to purchase a luxurious home within the desired Ardmore-Draycott area at a palatable quantum. Interested parties should make an appointment to view the units by calling / WhatsApp +65 9720 0403 or visiting https://www.sdb.com.my/products/one-draycott for more information.