Centrium Square – Former Serangoon Plaza by Tong Eng Group Feature Development. Right Beside Farrer Park MRT Station
Centrium Square is a commercial new launch development strategically located at Serangoon Road in District 08. With expected completion in 2019, it comprises of TBA shops & offices and stands TBA storeys tall. It is situated right beside Farrer Park MRT Station. Future owners will be able to gain from the office crowd located at City Square Mall as well as the serangoon area when they are lunching or the weekend crowd for their shopping.
Formerly Serangoon Plaza, Centrium Square has been sold en bloc to the majority stakeholder Feature Development, an associate of Tong Eng Group. Centrium Square is currently sitting on a a huge plot of land of 68,521 sqft and and have a total gross area of 205,563sqft. Investors looking for Centrium Square property in Farrer Roadto make investments might not have Geylang in their minds because the neighborhood comes with a unhealthy appeal for the sleazy discos combined with countless suspicious night-life outlets. However, a study performed by several real estate property consultants demonstrated that Geylang offers excellent long-term prospects for real estate property investment in the city state that can be very worthwhile.
Centrium Square has a great layout for each unit to enable future businesses to have a comfortable space not only for their clients but also fot their staffs. The large glass windows combined with the high ceiling feature allows you to have a capacious ambiance. It also creates an elegant effect to the property which makes it more eye-catchy to passers-by. Aside from the layout and interior, this property also is well-equipped with fabulous facilities such as car park space and lifts that are important in a commercial development.
Apart from the luxurious facilities that are available, Centrium Square has numerous nearby amenities that include entertainment, nature parks, schools as well as tourist spots. Enjoy the beauty of the Esplanade, Theaters at the Bay, Marina Bay Sands, Art Science Museum and Asian Civilazations Museum. There are also plenty of shopping malls nearby which include Mustafa Center, City Square Mall, Tekka Center and The Verge Shopping Mall among the few.
Students will have a chance to experience great quality of education since a number of renowned school are within close proximity to the property. The list include Farrer Park Primary School, Hong Wen School, Stamford Primary School, Bendemeer Secondary School and School of the Arts, Singapore. The kikind of education you deserved are in these schools.
Property investors and business owners will surely a booming business in this fantastic commercial development known as Centrium Square.
Top 10 Reasons Why Centrium Square?
- From the prestigious Feature Development
- Few minutes away from Marina Bay Sands and Orchard Shopping District
- A commercial development with a freehold tenure
- Situated at 320 Serangoon Road in District 12
- Renowned schools in close proximity such as School of Arts, Singapore and Farrer Park Primary School
- Numerous shopping malls such as Paragon, Bugis Junction, The Verge Shopping Mall and Centrepoint
- Plenty of MRT stations nearby that include Novena MRT, Farrer Park MRT and Boon Keng MRT
- Elegant interior and layout for each unit
- Top notch facilities for your business
- High rental yield
Centrium Square Project Details
|Development Name:||Centrium Square|
|Property Type:||Commercial (Retail, Offices & Medical Suites)|
|Site Area:||68,521 sqft|
|Gross Floor Area:||205,563 sqft|
|Developer:||Feature Development Pte Ltd|
|Number of Units:||231|
|Units Mix:||143 Offices (53 sqm to 94 sqm)
39 Medical Suites
Retail, Offices & Medical Suites – Everything Under One Roof
Strong human traffic
Located at the junction of Serangoon Road and Syed Alwi Road, the vicinity is one of the busiest area in Singapore. Rarely seen without a bustling crowd of local and overseas customers, Centrium Square is set in the Little India district. A cult favorite in the Singaporean shopping scene, it’s the best place to go if you’re after a bargain or enjoy shopping late into the twilight hours. The surrounding area is gazetted as a conservation area with rows of shop houses operating businesses along the roads. Hardly will you see any vacant units available for rental as businesses are thriving. In future when the development is completed, there will definitely be a strong level of interest for companies seeking to operate their businesses here.
Benefits of owning a retail shop in Singapore
The retail shops of Centrium Square has yet to be confirm whether they will be on sales. If this opportunity arises, one should seize this fabulous chance of owning one of the most highly sought commercial areas in Singapore.
- There is a shortage of retail shops in Singapore
- Foreigners are eligible to purchase
- No Additional Buyers’ Stamp Duty
- No Sellers’ Stamp Duty
- Commercial units rental usually offer higher yield and longer lease as compared to residential units rental
Attractive alternatives to CBD
As Singapore steps up the drive to decentralize, many office tenants have been moving away from the pricier city center. Existing growth centers outside the city center will continue to be strengthened. New growth areas in even more locations will also be introduced to offer businesses alternative options for space, which in turn creates more retail, entertainment, and employment opportunities closer to homes. Centrium Square close proximity to the Farrer Park MRT Station and affordability will be an attractive choice for business owners. Besides, owning an office unit for own usage, can help to protect businesses from unreasonable rent hikes and enjoy substantial savings on operating costs.
Surrounded by amenities
Beside being next to MRT station, there are also many public buses servicing that area. Centrium Square is well connected by major roads and expressways making travelling to work an easy affair. Spoil for choices from the numerous dining options in the surrounding, which include cheaper meal alternatives as compare to those in CBD & Marina Bay areas. With the presence of shopping malls and fitness centres nearby, the 1 hour lunch break will never be enough!
Asia’s leading destination for advanced medical care
International patients come to Singapore each year for a whole range of medical care from health screenings to high-end surgical procedures in specialties such as cardiology, neurology, oncology, ophthalmology, organ transplants, orthopaedics, and paediatrics. In 2013, medical expenditure generated from travelers was S$832 million.
With well-respected doctors trained in the best centres around the world, internationally-accredited hospitals and speciality centres, medical travelers to Singapore can be assured of quality treatment.
As a multi-faceted medical hub, Singapore attracts a growing number of medical professionals and multi-national healthcare-related companies from various parts of the world to share and ex change their expertise, conduct healthcare-related research and training as well as host international conferences and events.
With Singapore’s well-developed infrastructure and robust medical ecosystem, healthcare providers in Singapore are constantly strengthening their medical capabilities through professional exchanges and access to innovation in medical technology.
In Singapore, medical travelers can receive quality medical care in an environment that is safe and welcoming, with no uncertainties from political instability, social unrest, or worries about poor health safety. This is on top of an efficient transportation system, wide range of accommodation options, and a wide variety of leisure offerings to enhance the experience in Singapore.
Singapore Tourism Board (STB) works closely with private healthcare providers to expand their reach and referral networks in key target markets. STB also partners in-market intermediaries to profile Singapore as an advanced medical care destination and showcase Singapore’s clinical excellence.
Invest In Medical Suites
Medical suites, a sub-segment of the commercial property market, are coming onto the radar screens of investors, who are seeing the niche field as an alternative asset class. These commercial properties are meant for medical usage and traditionally sold mainly to doctors, but in recent times, have seen rising interest from investors.
As medical suites are commercial properties, investors do not need to worry about cooling measures. In the long run, medical suites can also be considered as good investment assets.
As medical suites are commercial properties, investors do not need to worry about cooling measures. In the long run, medical suites can also be considered as good investment assets. Going forward, consultants believe that prices of such suites will continue to see steady growth. They cited factors, including fewer restrictions in the commercial property market compared to residential, as well as overall growth in the medical industry, driving demand.
Singapore Healthcare – Brief Facts
Singapore’s quality healthcare, as one of the best in the world, is internationally recognized.
- Ranked first for most efficient healthcare system, out of 51 countries, in 2014 by Bloomberg.
- Ranked second in the world for health-care outcomes according to The Economist Intelligence Unit (EIU) in 2014.
- Ranked first as a global favourite medical tourism destination in PHD Chamber Medical and Wellness Tourism Report 2013.
- 21 hospitals and medical centres and medical organisations in Singapore have obtained the Joint Commission International (JCI) accreditation.
- Singapore’s blood supply ranks among the safest in the world. Blood Services Group HSA (previously known as Singapore’s Centre for Transfusion) was appointed a World Health Organization (WHO) Collaborating Blood Centre for Transfusion Medicine for the Western Pacific Region in 1992.