Mixed-Use Developments in Singapore

Homebuyers in Singapore want accessibility to nearby eateries and malls! No matter the price point, location is key for residents who spend so much more time at home these days. Mixed-use developments provide a perfect solution – with quick access not only on foot but also by car or public transport.

If you want to live in a building with everything that downtown has going on, look no further. The residents at these developments will have access not only to shopping and dining but also to all of the fun things this area offers such as culture or entertainment thanks to its well-designed layout which makes use of both high-rise buildings & residential homes!

If you’re looking for a place where life is always exciting, then this community has what it takes. With its bustling atmosphere and active lifestyle mixed-use development offers more than just living above the shopping mall; where residents can enjoy all that these locations have to offer.

What is the definition of Mixed-Use Development?

Mixed-use developments provide the best of both worlds – a place where you can live or shop without having to travel long distances. The first floors in these buildings typically contain commercial spaces; however, there are also residential units on top so that shoppers don’t have a far trek for what they need.

Mixed-use developments are a great way of utilizing land (designated by URA) that would otherwise sit vacantly. Developers need only take care and make sure they dedicate at least 40% towards commercial uses, but not exceed 60%.

While they are perfect for residential areas, these towers can also provide commercial space. That way you won’t be dependent on just one type of development!

The Difference between Mixed-Use Development & Integrated Developments

Another type of residential hybrid development is integrated development. They also provide convenience to residents.

Mixed-use developments have been the norm for years now, but what if you want more convenience and flexibility? Integrated Developments take this idea one step further by including amenities like MRT stations or bus stops in addition to retail locations! To add on top of that – these projects integrate residential living spaces with commercial users such as transportation facilities which makes life easier all around.

Integrated developments are often the safer bet when it comes to market value. Buyers prefer living near MRT stations, so they will buy into an integrated project instead of one without easy access to public transport!

Mixed-use developments and integrated developments have many similarities, but also some drawbacks. Both offer a variety of amenities in one location to their residents!

Advantages & Disadvantages of Mixed-Use Developments

Advantages

1. Convenience – The convenient location means residents can just take a lift downstairs to their groceries, go out with friends without worrying about how they’ll get home afterward (especially if it rains!) Commuting time on public transport becomes much more manageable when you’re living close by.
2. Dynamism – The retail infrastructure of this place is often a hot spot for businesses and non-residents to hang out in. This can contribute towards an exciting atmosphere that will keep you coming back again!
3. Strong Property Value & Rental Yield – Hybrids offer a great way to invest in real estate while still enjoying the benefits of owning your home. These properties tend not to be as adversely affected by market fluctuations, making them an attractive option for those who want their money now but plan on renting or selling at some point down the line!

Disadvantages

1. Crowds – The unfortunate effect of living near a major traffic hub can be noisiness and inconvenience. If your home falls within earshot range for transportation stations or interchange locations such as bus stops, MRT trains may also make day-to hearing unbearable. The crowd at commercial spaces downstairs is another huge disadvantage.
2. Parking – If you own more than one car and live in a mixed-use development, be aware of how many spaces there are for your vehicles. In city cores or on the fringes it may not provide enough parking options which could cause problems if need to park near home.

The 5 Mixed-Use Developments in Singapore

The Mixed-Use Development in Singapore is a common find throughout the city; here are five examples for you!

Midtown Bay

You can enjoy the hustle and bustles of Singapore right outside your door with this amazing development. You’ll be able to walk or cycle into work each day while also being close enough.

The Midtown Bay development is a perfect place for those who are young professionals and want to live close by. The prices range from $1 million up, with most being bedrooms apartments that can serve as both their office or bedroom depending on what you need at the time! The rest of the development comprises office space and shops.

Le Quest

The condo Le Quest has obtained its TOP. This is located on top of the mall and houses a big Koufu food court, which is very convenient for residents that live there!

It is located at Bukit Batok West Avenue 6. With a price range of $680,000 – 1.6 million and the potential for growth when Tengah Park MRT opens nearby in 2027 this means there will soon enough plenty more people living on your block!

Tedge

Tedge is a development located on Changi Road and just seven minutes away from Kembangan MRT by foot! The five-story building consists of 42 condo units as well two shops and restaurants. This low-density design is perfect for those who live there or visit the area because it’s not overwhelming at all.

Tedge is the perfect way to own your own freehold property in an attractive neighborhood. The units are priced at $1,147,500 to $1,815,000. It also comes with all of those luxurious features that you could only dream about before!

Avenue South Residence

Located in one of Singapore’s most strategic locations, The Avenue South Residence offers the convenience and ease you need with easy access to transportation links. 

The project consists of two 56 story apartment blocks as well five four-story residential units that can also contain shops and childcare facilities for residents who want convenience on site. The expected TOP is 2023!

If you’re looking for a home with unparalleled views of Singapore’s skyline and sea, look no further than this new project. These luxurious apartments come equipped not only with scenic cityscapes but also function rooms that offer panoramic vistas– perfect if entertaining guests or hosting events! There are KTV lounges as well spa treatments available on-site so residents can enjoy their downtime away from work without needing any transportation amenities nearby either. These luxurious units are priced at $781,000 – $2,707,000.

If you want to find out more about Avenue South Residence, click here.

Piccadilly Grand

This April, Piccadilly Grand will be a new mixed-development that’s set to launch. This project is an exciting development for those who want modern living at its finest with all of the amenities found within this luxurious high-rise condo community!

Piccadilly Grand is the ultimate place to live if you’re looking for a luxurious condo with three towers each 23 stories high and 407 apartments. There’s an excellent selection of differently sized units available, meaning that no matter how large or small your family might be they will find their match in this condo!

The first floor of the Piccadilly Galleria is home to a variety of shops, restaurants, and childcare centers. This makes it perfect for any working parent!

If you want to read more about Piccadilly Grand, click here.

Singapore is becoming a hotbed for mixed-use development as more high-quality projects come onto the market. The future of this trend seems bright with good prospects in sight! We hope you’ve learned about some mixed-use developments in Singapore after reading our article. Continue exploring properties and learn everything there may be to know from other articles posted here on Homestory!