Bukit Timah is a popular location in Singapore that is attracting attention from real estate investors, homebuyers, and renters alike. This vibrant area has a lot to offer, from its lush greenery and quiet residential streets to its bustling shopping and dining scene. In this article, we will explore the reasons why Bukit Timah is becoming increasingly popular as a real estate location in Singapore.
Location, Location, Location
One of the primary reasons for Bukit Timah’s popularity is its location. Situated in the heart of Singapore, Bukit Timah is just a stone’s throw away from the Central Business District (CBD) and Orchard Road, which are two of Singapore’s busiest commercial areas. This makes it an ideal location for professionals who work in these areas and want to live close by.
Bukit Timah is also well-connected to the rest of Singapore, with easy access to major highways such as the Pan Island Expressway (PIE) and Bukit Timah Expressway (BKE). This makes it easy for residents to travel to other parts of Singapore for work, leisure, or shopping.
Bukit Timah is home to some of the most beautiful natural scenery in Singapore, which adds to its appeal as a real estate location. The area is famous for its lush greenery, with Bukit Timah Nature Reserve being one of Singapore’s most popular nature reserves. This 164-hectare reserve is home to a wide variety of flora and fauna, including monkeys, squirrels, and numerous bird species.
In addition to the nature reserve, Bukit Timah is also home to several parks and green spaces, including Bukit Batok Nature Park and Hindhede Nature Park. These green spaces offer residents a chance to escape the hustle and bustle of city life and enjoy some peace and quiet.
Shopping and Dining
Bukit Timah has a thriving shopping and dining scene that is attracting people from all over Singapore. The area is home to several shopping malls, including Bukit Timah Plaza, Beauty World Centre, and The Grandstand. These malls offer a wide range of shopping and dining options, from high-end fashion boutiques to local hawker stalls.
In addition to the malls, Bukit Timah is also home to several food and beverage hotspots, including Cheong Chin Nam Road and Upper Bukit Timah Road. These areas are famous for their wide range of food options, from local delicacies such as roti prata and nasi lemak to international cuisines such as Japanese and Italian.
Bukit Timah is also a popular location for families with children, as it is home to several top-notch schools. The area is famous for its education hub, with several international schools and local schools located in the area.
Some of the popular international schools in Bukit Timah include Singapore American School, Swiss School Singapore, and Canadian International School. These schools offer a world-class education and attract families from all over the world.
Local schools in Bukit Timah are also highly regarded, with some of the top schools in Singapore located in the area. These include Nanyang Primary School, Methodist Girls’ School, and Hwa Chong Institution.
Bukit Timah is known for its luxurious properties, which are attracting high-net-worth individuals from all over the world. The area is home to several upscale residential developments, including The Beverly, Fourth Avenue Residences, and Mayfair Modern.
These properties offer residents a luxurious lifestyle, with top-of-the-line amenities such as swimming pools, gyms, and 24-hour security. They are also located in some of the most desirable areas of Bukit Timah, with easy access to shopping, dining, and entertainment options.
Rising Property Prices
The increasing popularity of Bukit Timah as a real estate location is also reflected in the rising property prices in the area. According to data from the Urban Redevelopment Authority (URA), the median price of non-landed private residential properties in the Bukit Timah area was SGD 2,100 per square foot in Q4 2021, up 6.5% from the same period in 2020.
This upward trend in property prices is a testament to the increasing demand for properties in the area, as more and more people look to invest in Bukit Timah real estate.
Strong Rental Market
Bukit Timah is also a popular location for renters, thanks to its proximity to the CBD and Orchard Road, as well as its attractive lifestyle options. This has led to a strong rental market in the area, with high occupancy rates and rental yields.
According to data from EdgeProp, the rental yield for non-landed private residential properties in the Bukit Timah area was 2.7% in Q4 2021, higher than the national average of 2.5%. This makes Bukit Timah a viable option for property investors looking to generate rental income.
In conclusion, Bukit Timah is becoming increasingly popular as a real estate location in Singapore due to its prime location, natural beauty, shopping and dining options, education hub, luxurious properties, rising property prices, and strong rental market. With its many attractions and amenities, Bukit Timah is an ideal location for anyone looking to live or invest in Singapore’s vibrant real estate market.