Former Chinatown Plaza, 34 Craig Road
The site of the former Chinatown Plaza will welcome a new condo in 2020. To be redeveloped by the Royal Golden Eagle, the new development will comprise both residential and commercial space.
The new property offers an opportunity for people searching for a dream house or for those who want a good investment.
Ultra-Prime Location
In real estate, it’s all about the location. And a great location is what the former Chinatown Plaza can offer. The site is located at 34 Craig Road in District 2 (Shenton Way, Tanjong Pagar), Singapore. Just off the bustling central business district (CBD), the site also overlooks a hip neighborhood (Outram Park/Chinatown) with a rich, captivating history.
Rare Freehold Property in CBD
The site occupied by the former Chinatown Plaza is rare freehold land in the central business district, and close to an upcoming MRT station. Such plum sites are dwindling in land-scarce Singapore, and are typically not available through new Government Land Sales. If you want the best of the best, this is it!
Upcoming Greater Southern Waterfront
The government has announced the upcoming progress of Greater Southern Waterfront. There will be nature trails, a waterfront promenade, and many other new and exciting developments. This includes millions of square feet of new office space, a new commercial center, more jobs, and more entertainment options within the vicinity.
Near the Upcoming Maxwell MRT
The former Chinatown Plaza is also 5 minutes’ walk away from the new upcoming Maxwell MRT station. This underground MRT station is situated along the Thomson-East Coast Line. The station is within the vicinity of URA Centre, Kreta Ayer Community Centre, Jinrikisha Station, Maxwell Food Court, Budda Tooth Relic, Fairfield Methodist Church, Scarlet Hotel, and the Singapore City Gallery.
Near Lots of Amenities
Craig Road is home to Michelin-starred restaurants and uber-cool pubs and bars. Also, serving mouth-watering local food are famous hawker centers – namely Amoy Street Food Centre and Maxwell Road Food Centre. For gym aficionados, popular gyms like Fitness First, Virgin Active and Anytime Fitness are around the corner. Or you may like to jog around the nearby Yan Kit Playfield, Duxton Plain Park or Ann Siang Hill Park.
The Good
Freehold development
Ultra-prime CBD location
Upcoming Maxwell MRT station
Good potential upside from Greater Southern Waterfront
The Not-so-good
Expect smaller units
Prices likely to be above $2,000 PSF
