Skywaters Residences Condo Review: Location, Prices, Investment Potential

Who are the Developers of Skywaters Residences?

Skywaters Residences is owned by a consortium that includes Perennial Holdings, Alibaba Singapore (a subsidiary of Chinese e-commerce behemoth Alibaba Group Holdings) which holds a 50% stake in the development, Chip Eng Seng, Sing-Haiyi Emerald, Piermont Holdings and HPRY Holdings.

Perennial Holdings is a real estate and healthcare company based in Singapore. It is a leading player in the industry, with a focus on developing and managing large-scale integrated developments that include commercial, residential, and healthcare components.

It also has a presence in China, Malaysia, Indonesia and Sri Lanka.

In Singapore, its portfolio includes some of Singapore's most iconic developments, such as Capitol Singapore, Chinatown Point, CHIJMES, and AXA Tower, to name a few.

What are the Prices for Skywaters Residences Condo?

The prices for Skywater Residences condo have not been released yet.

However, given its prime location and with Wallich Residence nearby transacted at an average price of $3,546 psf, Skywaters Residences will likely be launched close to such a level in this luxury segment of the residential market.

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Where Is Skywaters Residences Condo Located In?

Skywaters Residences Location.

Skywaters Residences is located in Shenton Way in Singapore’s District 1, which is part of the city's Central Business District and main financial hub.

With Singapore being ranked third in the Global Financial Centre Index 2022, trailing only New York and London, it is home to global financial institutions and multinational corporations, many of which have made the city-state their regional HQs.

Opposite it towards the west are the International Plaza and the Tanjong Pagar MRT station. The other nearby landmarks are the MAS Building and Capital Tower.

Central Business District (CBD) - A Fascinating & Vibrant Living Experience

Central Business District (CBD).

The Central Business District (CBD) has the highest number of Grade A offices that are highly sought after by local and foreign businesses. They also provide magnificent views of the city's skyline, a testament to its impressive economic growth and modernization over the past few decades.

With its mix of modernity and rich cultural heritage, it is home to many historical landmarks. These include the Sri Layan Sithi Vinayagar Temple and Thian Hock Keng Temple, which were built in 1925 and 1842 respectively. The latter has been gazetted as a national monument and was also given an honourable mention in the UNESCO Asia-Pacific Heritage 2001 Awards for Cultural Heritage Conservation.

Besides being a hub for business, the CBD is also a vibrant destination for recreational activities and tourism, with a lively night scene thrown in. For example, Boat Quay located nearby is a trendy hang-out place for food and drinks featuring an eclectic mix of restaurants, alfresco dining, bars and pubs.

Tourists can also take a boat ride along the historical Singapore River that passes through many monuments. These include the Cavenagh Bridge and Elgin Bridge, Fullerton Hotel, and Victoria Theatre and Concert Hall, to name a few.

As it is located beside the main financial district, it is a popular place for workers to socialise and hold business meetings. At the same time, it offers a fascinating and vibrant living experience.

Excellent Transport Connectivity

Tanjong Pagar MRT Station is 2 minutes walk from Skywaters Residences.

The Skywaters Residences condominium is located close to two MRT stations – Tanjong Pagar (East-West Line) and Prince Edward (Circle Line). They are about 2 minutes and 5 minutes walk away from the development, respectively.

The Tanjong Pagar MRT station will be connected to Skywaters Residences via a pedestrian underpass, which will provide shelter against rain and shine.

Given its proximity to train stations, residences will enjoy convenient access to places like City Hall, Bugis, Marina Bay, and Harbourfront (when the Circle Line completes its loop between Marina Bay and Harbourfront station by 2025).

MRT Interchanges Near Skywaters Condo

There are several MRT interchanges located near Skywaters Residences. This will offer enhanced connectivity and provide fast and convenient commutes to many places in Singapore. These include the following:

• Outram Park (1 stop) – an interchange between the East-West, North-East, and Thomson-East Coast Lines.
• Raffles Place (1 stop) – an interchange between the East-West and North-South Lines.
• Bugis (3 stops) – an interchange between the East-West and Downtown Lines.
• Marina Bay (1 stop) – an interchange between the Circle, North-South, and Thomson-East Coast Lines.
• Harbourfront (3 stops) – an interchange between the Circle and North-East Lines.

These MRT interchanges will offer convenient connections when travelling to places like Orchard Road, Chinatown, Sentosa, One-North, and Changi Airport, to name a few.

Public Buses A Short Walk Away

Residents of Skywaters Residences will also have the option of travelling by public bus. Merely 1-2 minutes walk away, they offer a direct route not only to the surrounding city areas, but also to many suburban neighbourhoods such as Bishan, Toa Payoh, Sembawang, Balestier, Bukit Timah, and Bukit Panjang, for example.

Major Expressways Near Skywaters Residences Offer Faster Journeys

For those who own private transport, there are several major expressways a short drive from Skywaters Residences. They are:

• Ayer Rajah Expressway (AYE).
• Marina Coastal Expressway (MCE).
• East Coast Parkway (ECP).
• Central Expressway (CTE).

These expressways will offer more pleasant and faster journeys. For example, a drive to the Jurong Lake District and Changi Airport, which are also major employment hubs, only takes less than 30 minutes.

Amenities Near Skywaters Residences

There is a plethora of amenities located near Skywaters Residences. These include shopping malls, restaurants and eateries, pubs and bars, supermarkets, medical and dental clinics, etc.

Many of them are within walking distance, providing a convenient and family-friendly living environment.

Shopping Malls Near Skywaters Residences

There are several shopping malls 6-8 minutes walk from Skywaters Residences, which include the following:

• Guoco Tower.
• 100 AM.
• Altez.
• Icon Village.
• Tanjong Pagar Plaza.

Although they are not large, they provide many essential services and products for the convenience of those working or living nearby. Some of them even have a supermarket, which includes NTUC Fairprice, Fairprice Finest, CS Fresh and Little Farms Market.

There is also a wet market and food centre next to Tanjong Pagar Plaza.

However, those who prefer shopping at major destinations like City Hall, Orchard Road, Bugis, Marina Bay, Harbourfront, and Chinatown are just 2-4 stops away via MRT.

Interesting Food Places Around Skywaters Residences

There is no lack of food options around Skywaters Residences and the Tanjong Pagar area. Other than the many small eateries and restaurants found along the street level of office buildings, some of the popular places where affordable food can be found are:

Amoy Street Food Centre – A very popular place for the office crowd due to its popular and affordable local food offerings such as Lor Mee, fish ball noodles, fried kway teow, and crispy curry puffs, just to name a few.

Maxwell Food Centre – About 9 minutes’ walk from Skywaters Residences, it is one of the most popular food centres in Singapore. In fact, international celebrity chef Gordon Ramsey visited it in 2013 during the Singtel’s Hawker Heroes’ Challenge. Some of its well-known stalls are Xing Xing Ondeh-Ondeh Tapioca Cake, Tian Tian Hainanese Chicken Rice, and China Street Fritters.

Upscale Dining Options Near Skywaters Residences

Other than local fare, there are several more "atas" (upscale) dining places near Skywaters Residences. These areas offer a plethora of dining options, ranging from cozy cafes and casual dining to posh restaurants.

Stanley Street – Just 6 minutes walk from Skywaters Residences, it is home to a variety of restaurants, cafes, and bars. They offer many different cuisines that range from Italian, Japanese, and Mediterranean. The area is particularly popular with the working crowd during lunchtime and after-work hours, where workers nearby gather for food and drinks, and to socialise.

Duxton Hill - A popular hangout place due to its unique blend of old and new architecture, as well as its vibrant atmosphere and diverse range of food and beverage options. One of its most iconic landmarks is the conserved Jinrikisha Station. Many people visit the place to enjoy its mix of international and local cuisines, as well as live music performances.

Convenient Access to Schools and Educational Institutions

The school nearest to Skywaters Residences is Cantonment Primary School. It is about 15 minutes’ walk away and within a 1 km radius of the development. Hence, children registering for Primary 1 will receive priority admission under the Education Ministry’s distance-based allocation system.

Nevertheless, there are many schools outside the Central Business District (CBD) that can be easily reached within a 15-30 minutes train ride. According to a study by the NUS Institute of Real Estate Studies, properties located near schools are found to command a premium over those located further away.

The following is a list of primary and secondary schools located just 2-8 MRT stations away:

Many post-secondary and tertiary institutions are also within easy reach by train, and these include:

Good Choices of International Schools

There is quite a number of international schools conveniently located near Skywaters Residences condo. This will appeal to expatriates working in the Central Business District and its surrounding areas, especially those with school-going children. Hence, for those looking for investment, there is already a large existing catchment of tenants.

Below is a sample list of international schools that can be easily accessible via public transport. They offer a diverse range of curricula ranging from International Primary Curriculum (IPC) to High School and International Baccalaureate (IB) Diploma programmes:

• International Baccalaureate Organization.
• Shelton College International.
• Ascensia International School.
• North London Collegiate School.
• ISS International School.
• Knightsbridge House International School.
• Middleton International School.
• Insworld Institute.
• Kingston International school.
• Tanglin Trust.
• Dover Court International School.
• United College of South East Asia Dover Campus.

Proximity to Singapore’s Historical, Civic And Art District

Adding to the appeal of Skywaters Residences is its proximity to Singapore’s Historical, Civic, and Art Districts. This is because they offer a unique and fascinating living experience that cannot be found elsewhere in Singapore.

All of them can be easily reached via a short bus or train ride.

Historical Districts – There are four historical districts in Singapore, namely Chinatown, Boat Quay, Little India, and Kampong Glam.

Living near these historical districts offers a unique and enriching living experience for residents as they are steeped in history and culture. Some of the many cultural attractions include museums, heritage trails, and historical sites, which offer a glimpse of Singapore’s rich heritage.

Civic District – Located in the heart of the city, surrounded by the Central Business District to the south, the Singapore River to the north, and Marina Bay to the east, it is home to many of Singapore's most iconic landmarks.

These include cultural institutions and historical sites such as the Raffles Hotel, National Museum, National Gallery, the Asian Civilisations Museum, and the Esplanade - Theatres on the Bay.

It is also home to several major shopping centres, hotels, and entertainment venues, making it a popular destination for tourists and locals alike. In addition, it is the venue for the iconic Singapore’s F1 Night Race.

Art District – Located in the Bras Basah and Bugis neighbourhood, living near Singapore's Art District offers a vibrant and creative lifestyle.

With easy access to a variety of art galleries, museums, and cultural events, it is also home to many of Singapore's leading arts institutions. These include the National Museum, Singapore Art Museum, and the National Design Centre. One of its annual highlights is the Singapore Night Festival.

Major arts schools are also found within the district, such as the School of the Arts (SOTA), Lasalle College of the Arts, and Nanyang Academy of Fine Arts.