The Atelier @ Makeway Avenue

The land plot of The Atelier had previously belonged to Makeway View, a 10 storey private residential development which comprised of 28 apartment units and 4 penthouses that was built in the late 1980s. It was successfully acquired by Singapore Listed property group, Bukit Sembawang, in a collective sale exercise in 2018.

The land parcel was transacted at a price tag of $168 million which is also equivalent to the asking price for this enbloc sale. The company responsible for brokering this collective sale noted that the purchase price will translate to $1626 per square foot per plot ratio with including the development charges which is a totaling to $21.15 million. Each owner of the 28 apartment units and the 4 penthouses at Makeway View is expected to get a sales procced that is between $3.86 million to $10.74 million.

The plot size is approximately 41,582 square feet with a gross plot ratio of 2.8. Future residents will be able to enjoy 180 degree unblocked views of the city skyline as well as the lush greenery in its surroundings. Other developments that are located within The Atelier’s vicinity include 26 Newton, 6 Derbyshire, Newton Suites, The Peak @ Cairnhill I, The Peak @ Cairnhill II, Suites @ Newton, Lincoln Residences, Suites @ Surrey, Rochelle at Newton and 12 On Shan.

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The Atelier is located well near to renowned educational facilities and also walking distance to the MRT station. The land parcel also offers a plethora of dining and retail options with it close distances to various shopping malls and food centre. The Orchard Road retail haven is also just minutes’ drive away.
For homebuyers or real estate investors, the Newton estate located in District 9 provides them with good potentials.

This district is an area of vibrancy which enjoys fantastic locality that allows residents easy accessibility to various parts of the island. With its close proximity to the reputable Orchard Road, residents living here will be expecting unlimited shopping within the vicinity. This area is also well served by 2 MRT Line services which allow The Atelier condo’s future residents easy commuting for school or work.

There are numerous facilities and amenities that are within the estate which The Atelier residence’s future residents will be benefiting from. There are many schools that are just short walking distances away from the development which their children will be able to receive brilliant education from. This is the reason why this district has always been a popular neighbourhood with professionals, couples as well as families.

The Newton district is bounded by Tanglin towards its West, Rochor on its East, Novena on its North and Orchard on its South. The district 9 is located strategically which will allow its residents being able to access to various part of the island which make this district a popular residential area that is favoured by both expatriates as well as local residents. For those who make The Atelier their homes, they will be able to enjoy the conveniences with its close to the Orchard Road, the country’s finest retail and lifestyle centre.

There are also a plethora of amenities in this district which will cater to the needs of the residents located just short distances from their residences. For example, there are numerous schools in this vicinity which offers residents plenty of choices for the residents to select the right one for their children. The availability of these education facilities together with its exceptional transport network will make this location an ideal venue for families.

Almost everything one can be thinking of will be within short distance from The Atelier condo. This is the reason that the District 9 is a perfect choice for those seeking for conveniences. With its enhanced transport system, the residents here will be expecting no problem in the connectivity and also allowing them to get to the destinations that they desired like the restaurants, the prestigious clubs and the healthcare facilities in the vicinity easily and with just minutes’ of traveling time.

With the great connectivity, The Atelier’s future residents can access easily to their offices, schools, medical centres as well as other places of interest. This will allow residents to drop their kids off to schools before they head down to their offices in the morning as they will be expecting no hectic delays in the traffic while on the roads.

There are also several reputable schools that are near to The Atelier residence. These education institutions include private schools, public schools and international schools ranging from preschools and kindergartens, primary level and secondary level. Future residents with school going children of The Atelier will have numerous selections getting the best education route for their kids. With these established education institutions, residents need not send their kids far from home to receive high quality education and also cutting down time traveling to and fro from classes.

There are numerous shopping destinations located in District 9 which will offer every single amenity that is required by the residents. Other than the shopping malls that can be easily accessed from The Atelier condo, Singapore’s retail haven, Orchard Road, is also just few minutes away by car. With almost everything that is required right at the doorsteps, the residents at The Atelier condo need not travel long journeys for their retail needs which will enable them to reduce a considerable amount of timing in long run.

Located just directly above the Novena MRT Station will be the Velocity @ Novena, one of the most popular shopping malls in the neighbourhood where residents can pay a visit to. This mall which is much sports oriented showcases a large gymnasium and encompasses of various lifestyle, health supplement, sporting apparels shops as well as some small fashion boutiques. Adjoining to the Velocity @ Novena will be Square 2 shopping mall. This shopping comprises of 5 levels of retail spaces with more than 200 stores which are from the fashion, furniture, food and beverages and beauty categories. This shopping mall also has 1 level that is dedicated to Korean food and products.

The United Square retail mall that is located diagonally across to the Velocity @ Novena along Thomson Road will be the 3rd biggest retail mall in this district. This mall is well known for its specialty education and kids’ outlets. There are educational bookshops, learning centres, toy stores as well as amenities with children friendly features located in this mall. This mall will not be only limited to children. Parents will also be able to find the things they will need here too such as fashion boutiques and supermarket.

For those looking to living in a residential district that have boundless means for letting them to be eating well and also supplementing to their healthy lifestyles, then District 9 will enthralled them. This district is filled with abundance of shops and restaurants provide the health food and supplements giving residents with numerous options to choose from. The shopping malls in the vicinity also houses F&B amenities so that residents can dine and also shop at the same time. There are also a wide variety of epicureans with different price range in this estate. Residents can also find some of the F&B options that are located along the Thomson Road and the Newton Road.

The most famous dining destination in District 9 will be the Newton Food Centre which is located approximately just 5 minutes’ walk from The Atelier condo. This established food centre was opened in 1971. The design of this food centre was in the style of colonial architecture resembling a plantation and with the decoration of more than 50 different flower species. The food centre is one of those which operated in 24 hours. It is a popular hangout for party goers for their supper after the late night parties.

Another alternative for future residents to access to more dining options will be the Novena Gardens and the Novena Villa, next to the Thomson Road. The F&B outlets here emphasize on Asian delights with Korean, Indian, Hong Kong and Chinese restaurants all sited in a wonderful environment for dining. Residents will be able to get most of their favourite epicurean here with the quality customer services provided.

The Newton district is well served by many healthcare facilities. Residents will be expecting to acquire some of the highest quality healthcare and medical services provided by the medical amenities there which are unmatched. These hospitals are located conveniently which allow residents to have easy access to them.

One of such medical centres will be the KK Women and Children Hospital which is just short distance away from The Atelier condo. This hospital is well-equipped with world-class medical facilities and highly qualified medical professionals who will be ready to attend to any medical concern. The medical services here which are able to offer residents treatments to various medical ails is comprehensive as well as impressive. The Atelier is also close to various major medical centres such as the Tan Tock Seng Hospital and the Mount Elizabeth Novena Hospital. The district is also home to several medical specialist clinics.

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There is an upward movement currently with various properties located in different regions displaying their prices rising significantly. In particular, as of the year 2017, according to Private Home Index by Urban Redevelopment Authority (URA) the properties located in Core Central Region (CCR) had increased at the start of the 3rd quarter by 0.1%. The land supply in Singapore is always limited. For those purchasing a property in CCR today, they will be able to expect the prices of the properties to increase in the future. This is due to the limited land supply which will in turn contribute to the high bidding price which in terms affect the capital gains and future prices.

729 residential units were translated in the CCR in 2017 first quarter, 1171 units in 2017 second quarter and 1470 units in 2017 third quarter according to the URA. These units mostly priced more than $5 million is on the rise since 2014 according to Sotheby’s International. The increase in sales attributed to the units being sought after not just the local residents but many foreigners such as the Indonesians, the Malaysians as well as the Chinese Nationals are becoming more interested to invest in properties here.

While currently is the down turn for the rental market, the units in the CCR has contributed to the lowest amount of the total vacancy rate. A main reason to the increase in vacancy rate is due to the oversupplying of residential units. In 2018 alone, there were more than 26,000 new non-landed private homes that are added to the overall market. This year the number will be higher. The income for rental has also dropped by 3.8% in the CCR and 5.6% in the Rest of Central Region (RCR). The reason for the higher drop for RCR is that homes in CCR are located strategically and will not be affected with new units adding to the overall market as rental demand for these properties are still high due to the great convenience.

Although residential units in CCR are higher in prices but the rental is also higher. The CCR properties has underwent tremendous tests and still going strong will make them ideal for purchasers who are looking for rental income as well.

Unlike those residential units outside the CCR, properties here are usually established branding which allow them to be in consistent with the rental market. Though higher in cost, these properties will be valuable assets as intended to be. The consistencies of residential units in the RCR or Outside Central Region (OCR) might not be as consistent.

Though those in the RCR and OCR might be lower in price, they are often affected by factors like high rate in vacancy and with more units added to these areas, the rental yield will even be lower. For those with holding power, investing in a unit in the CCR might make more sense. For any further details and information Contact Us or Send Email To Us.

Train Stations
Newton (DT11/NS21) – 0.4km

The Dhoby Ghaut MRT Interchange Station, which also operates the MRT North East Line and the MRT Circle Line is also just 3 stations away from Newton MRT Interchange Station via the MRT North South Line. For drivers, The Atelier is approximately 5 minutes of driving.

For those future residents who worked in the Central Business District (CBD), it will take them approximately 14 minutes of driving to arrive at their offices. The nearby main arterial roads, Bukit Timah Road and Dunearn Road will also lead drivers down to the Central Expressway (CTE) and the Pan Island Expressway (PIE).

Amenities
In terms of shopping and dining amenities, future residents can take a short walk down to the nearby United Square, Velocity @ Novena Square and Square 2 which are located in the Novena Shopping Cluster. There are a wide variety of retail establishments, specialised shops as well as food and beverage outlets serving up various international cuisines at these malls. The development is also located right across the famous Newton Food Centre which many favourite local food stalls are.

Schools
In terms of local schools, The Atelier is close to Anglo Chinese Junior School, Saint Joseph’s Institution Junior, Anglo Chinese Primary School, Farrer Park Primary School, Saint Margaret’s Primary School, Balestier Hill Primary School, Singapore Chinese Girls’ Primary School, Stamford Primary School, Anglo Chinese Secondary School (Barker Road), School of The Arts (SOTA), Singapore Chinese Girls’ Secondary School and Saint Joseph’s Institution.

It is also close to various international schools such as Italian Supplementary School, Chatsworth International School (Orchard Campus), Swedish Supplementary School, Chinese International School, ISS International School (Elementary and Middle School Campus), Finnish Supplementary School, Norwegian Supplementary School and Dimensions International College (City Campus).

To summarize,

1. Family Living – It is close to many schools.
2. Prime – It is located in the prime District 10.
3. Locality – It is just walking distance to Newton MRT Station.
4. Accessible – It is minutes to the CBD and Orchard.
5. Reputable Developer – It is developed by Bukit Sembawang.