Booming Real Estate Market in One-North
The One-North area in Singapore is an up-and-coming real estate market that is rapidly expanding. Once a quiet, residential area, One-North has transformed into a bustling hub of technology, science, and research. The area has become incredibly attractive to investors due to the government’s efforts to promote innovation and create economic growth.
The government has been investing vast amounts of money in improving the infrastructure and public transport of the area. The public transportation system, in particular, has been greatly improved with the extension of the Circle Line MRT, making it easier for people to get around the area. With Singapore’s growing economy, many companies are looking to locate their offices and research facilities in this vibrant area, increasing the demand for property in One-North. Interested in discovering more about the topic? Find out more in this helpful document, an external resource we’ve prepared to complement your reading.
New Commercial Developments in One-North
Several exciting commercial developments are currently underway in One-North. These developments offer fantastic investment opportunities for both local and international investors.
One of the most notable commercial developments is the Fusionopolis Two project. The project is a state-of-the-art facility that spans 10 floors and provides over 30,000 square meters of commercial space. Fusionopolis Two will be the home of the Agency for Science, Technology, and Research (A*STAR), as well as other technology-based companies. Upon its completion, the facility will offer unparalleled facilities for research and business innovation.
Another significant development that is currently underway is the Rochester Commons project. The mixed-use development comprises a retail mall, hotel, office spaces, and residential units. Rochester Commons will be a dynamic, modern community that caters to the needs of today’s discerning consumers and businesses.
Investment Potential in One-North
There is a wealth of investment potential in the One-North real estate market. The area is appealing to businesses for several reasons, such as its proximity to Singapore’s Central Business District (CBD) and attractions such as the National University of Singapore (NUS). These factors are likely to contribute to the steady increase in demand for property in the area.
Furthermore, several schemes are in place to boost demand for One-North properties among foreign buyers. The government has made efforts to attract foreign investment through schemes such as the Global Investor Program (GIP) and the Real Estate Investment Trust (REIT). These initiatives have been successful in increasing the number of foreign investors in the area.
Lastly, the Singapore government has been promoting the use of technology in the real estate sector, which has made investment opportunities in the area more attractive. Real estate technology companies have emerged to provide innovative solutions to the challenges that investors face when entering the market. These technology-enabled investment models help investors to access a wide range of investment opportunities targeted towards the One-North real estate market.
Conclusion
The One-North real estate market is an increasingly attractive investment opportunity for both local and foreign investors. With infrastructure improvements, the government’s commitment to creating an innovative environment for technology and research, and a growing demand for commercial and residential property, One-North is an excellent area to consider investing in. With the help of the latest real estate technology, investors can access a wide range of investment opportunities, making One-North a hub of innovation for future generations. Our commitment is to offer a complete educational journey. For this reason, we recommend exploring this external site containing extra and pertinent details on the topic. https://www.thehillatonenorth.com.sg, learn more and expand your knowledge!
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