In an enclave surround by greens, just off the grid enough to be comfortably private with a growing number of amenities nearby, the old estate of Seletar Hills is getting a revival, it seems. Property buyers are increasingly looking out for homes in that areas, landed private homes to be specific. These semi-detached and terrace houses are the target of both local and foreign professionals.
Although only accessible by car or limited buses, it is nevertheless drawing attention. The new aerospace park and Seletar Airport nearby are probably impetus enough to warrant investors seeing a possible rise in value of properties there. The Greenwich V mall boasts a new Cold Storage supermarket and the district is also in the process of welcoming another shopping mall, The Seletar Mall, by 2014. It’s an area which has yet to see many high-rise condominium projects, with the newest residential developments being The Greenwich.
Even though at least a decade old, the older condominium projects such as Nim Gardens and Mimosa Park, have already seen a 12 per cent rise. With another 1, 000 units entering the property market within the next five years, it could be the next dark horse in Singapore’s real estate scene.