1953 @ Balestier Road

The site of 1953 had previously belonged to a cluster of properties which was owned by Owen Private Limited. It was successfully acquired by Oxley Amethyst in December 2017. Owen Private Limited is 47.5% owned by Oxley’s executive chairman and chief executive officer, Ching Chiat Kwong. Oxley’s deputy CEO Low See Ching and substantial shareholder Tee Wee Sien also hold 42.5% and 10% stakes in Owen, respectively. This mixed development has a total land size of approximately 17,938 square feet with a gross plot ratio of 3.0 and the land tenure belongs to freehold. Other developments that are within 1953’s vicinity include Jool Suites, 8 Farrer Suites, The Citron and The Citron Residences, Sturdee Residences, City Square Residences, Kerrisdale and Uptown @ Farrer.

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1953 is the new breath of legacy born in the city fringe providing the residents a glimpse of its historic charms as it intertwines through the modern times of the new generation. Oxley Holdings Limited preserves the Singapore heritage of the renowned Balestier by leveraging on its Art Deco Style Shophouse architecture and at the same time providing a transformation to modernity.

What’s interesting about this property is that it has 3 collections! Oxley is known to have an eye with the current trends and design. The developer, once again, did not disappoint its clients by having unique designs offered to its residents. Despite transformation from legacy to modern, 1953 manages to design the units uniquely by having 16 units of heritage collection, 47 units of modern collection, and 9 units of penthouse collection which the clients are free to choose from. The integration of the legacy and modernity is smooth such that the past meets the present quite evidently. While having these commercial and residential units, 1953 also has 7 units of conserved shop houses.

Stay at home conveniently with comfort as smart home system comes along with the unit’s design. While transformation from the legacy to a modern style, the developer has not forgotten to integrate the innovation. Smart Home Gateway is introduced which includes features such as remote surveillance to be stored in a SD card or dropbox or NAS, door access through your own mobile phone, aircon control, and smart voice assistance. Of course, the developer has not forgotten to build the Yale keyless letterbox!

On the other hand, one may have his own vacation right at his own place! With the luxurious amenities, one can enjoy the alfresco atmosphere by having a brunch, lunch, or dinner among your friends and family as 1953 gives you its fourth floor to adore. Within your home is a convenience to have fun and relax by having some drinks and grilled meat. Beat the heat with the availability of the pool and outdoor rain shower to chill around. Appreciate Singapore more as its residents are offered to experience a 360 degree panoramic view of the city and also an open area to feel the fresh breeze of air. Other amenities are the Lantern Walk, Flora Sanctuary, a nice cascading water feature, and of course the gym facility that the residents may all enjoy.

About the Developer
Oxley Holdings Limited is a home-grown Singaporean property developer having various projects with residential, commercial and industrial. Oxley has astounding grasp on the current trend with emphasis on the design, lifestyle and location. A focus on these gives its properties an edge which increases the company’s growth.

The developer’s diverse portfolio in development and investment projects has made its presence both locally in Singapore and overseas such as the United Kingdom, Ireland, Cyprus, Cambodia, Malaysia, Indonesia, China, Australia, Myanmar and Vietnam.

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The Group has been quite a prominent developer having a total of 62 projects. It has been distinguished and has collected a few awards. In 2015, its Royal Wharf project in London was awarded with “Development of the Year (Residential)”.

Moreover, to further expand the business, Oxley has also invested in several property development such as Galliard Limited, a UK property developer, Pindan Group Pty Ltd from Western Australia, and United Engineers of Singapore. For any further details and information Contact Us or Send Email To Us.

Situated in a prime location of District 8, residents shall enjoy having everything within their reach. Foodies can easily go for food hopping with the nearby popular local delights such as Balestier Road Hoover Rojak, Boon Tong Kee, Bee Kia Seafood Restaurant, Sing Hon Loong Bakery. Chill in a café too as the neighborhood is filled with various cafes and bars. Wheeler’s Yard, Starker Bistro, Da Luca Italian Restaurant, Pigs Fly Kitchen and Bar are a few names to mention.

MRT Station and Connectivity
1953 is approximately 500 m away from Boon Keng MRT Station which operates the MRT North East Line. Future residents just need to travel 2 train stations on this MRT line towards the Harbourfront MRT Interchange direction to arrive at the Little India MRT Interchange Station where the Downtown MRT Line is readily available. Future residents also just need to travel 3 stations in the same direction from Boon Keng MRT Station to arrive at Dhoby Ghaut MRT Interchange Station which located in Orchard. Future residents will be able to transit to the MRT North East Line and also the MRT Circle Line which is available at the Dhoby Ghaut MRT Interchange Station.

For those driving, the development is just approximately 8 minutes’ drive away from Orchard Shopping Belt. Those working in the Central Business District (CBD) will just need approximately 8 minutes of driving to arrive at their offices. The development is also close to the Central Expressway (CTE), the Pan Island Expressway (PIE) as well as the Kallang Paya Lebar Expressway (KPE) which provide high connectivity to various parts of the island.

Shopping, Food & Beverage, Recreation
The development is just a short walk away from City Square Mall and also the 24 hour Mustafa Centre. Future residents can shop to their heart’s content with the numerous retail options available these 2 shopping malls. These malls also host numerous F&B outlets, food court, supermarkets and also cinemas. The development is also close to the Connexion, a state-of-the-art healthcare, hotel and retail complex. There are also many food centres that are within 1953’s vicinity which include Blk 29 Bendemeer Road Market and Food Centre, Whampoa Makan Place and Market, Pek Kio Market and Food Centre and Berseh Food Centre.

There are also various recreation clubs nearby which will provide the much recreation activities as need for residents to destress and relax over the weekends. Recreational clubs such as Singapore Khalsa Association, Singapore Chinese Recreation Club, Civil Service Club – Tessensohn, Singapore Indian Association and Ceylon Sports Club are among those that are within walking distances.

Further away there are Jalan Besar Stadium, People’s Association HQ, SAFRA Toa Payoh, Toa Payoh Stadium, HomeTeamNS-JOM @ Balestier and Kallang Water Sports Centre that are within short driving time.

Schools
Families now should enjoy the benefits of having nearby schools. Parents and children can spend less travel time and spare more time for their own personal interests. Local schools that are short radius to  1953 include Hong Wen Primary School, Farrer Park Primary School, Bendemeer Primary School, Saint Joseph’s Institution Junior, Stamford Primary School, Balestier Hill Primary School, Saint Andrew’s Junior School, Pei Chun Public School, Saint Margaret’s Primary School, Bendemeer Secondary School, Saint Andrew’s Secondary School and Saint Andrew’s Junior College. It is also close to international schools like Global Indian International School (Balestier Campus) and Italian Supplementary School.

The Market
Now, let us all see how the property market has been for non-landed residential in District 8. Statistics show that since January 2016 up until January 2019 for non-landed residentials, the demand has been quite high since Sturdee Residences though the availability has been quite low. Now, district 8 is being developed having quite a few properties in District 8. The following are a few free hold developments within the vicinity: City Square Residences, 70@Truro, Cityscape @Farrer Park, Forte Suites, Jool Suites, while 99 years of tenure are Sturdee Residences and Citylights.

The average price (square feet) of these properties ranges from $1,323 to $2008 dated from March 2019 until October 2018. Citylights has garnered 7 transactions on July 2018 while City Square Residences has 4 transactions on March 2018. A total of 242 sales has been made last 2018. Out of which, 203 are resales and 39 are newly sold. The last unit was sold last October 2018 with 3 bedroom of 807 square feet.

Of course, we have not forgotten the property investment. How has the rental market been for the past year? For year 2018, District 8 has an average of 4 rentals per day. On December 2018, quite a record of 141 transactions were done. For City Square Residences, a monthly rental income ranges from $2500 for 1 bedroom to $4500 for 3 bedrooms while Kerrisdale’s 2 bedroom rents for $3500 to $6500 for 5 bedrooms.

What are the key takeaways can we get from the 1953 development?
1. A total of 9 layouts will be available for residents to choose from.
2. 5 retail malls and amenities are just around the corner.
3. 3 hotels is within the vicinity which entices more foreigners and expats.
4. 1953 is the only freehold mixed development with conservation shophouses in District 8