Hudson Place Residences is open for its first weekend preview, and will mark the newest private residential development to launch for sale in the developing one-north precinct. Buyers will once again have to gauge what is their acceptable level of pricing in an area where the residential fixtures are developing.
The 327-unit development is developed by a consortium of Chinese developers comprising Qingjian Realty, Forsea Holdings, CYZ Land, and Jianan Capital. The new condo is located on Media Circle in District 5.
Hudson Place Residences is located in the Mediapolis district, one of the eight districts that make up one-north. Previously dominated by business park complexes and commercial office buildings, the area is gradually transforming into a more established mixed-use precinct with a stronger residential profile.
This makes a price analysis especially tricky, since the area doesn’t have the same benchmarks as older and more established neighbourhoods, such as nearby Commonwealth or Queenstown.
To date, most of the completed condos in one-north are boutique developments that support a limited number of facilities. But in recent years, larger residential projects have hit the market such as Bloomsbury Residences, a project next to Hudson Place Residences that is being developed by a Qingjian-led consortium.
The emergence of new projects in the vicinity, like Bloomsbury Residences, offers us natural points of comparison. Moreover, Qingjian’s strong development footprint in the area – since it is developing two major projects in close proximity – lends the developer a stronger hand in shaping the pricing and positioning of this emerging mixed-use district.
0 Comments