Integrated Development - Is it worth buying?

With the anticipated launch of Sengkang Grand Residences, comes the question..Are Integrated Developments worth buying? What's the hype?

Integrated developments comprise of commercial-residential developments that are integrated with public transportation nodes, such as an MRT and a bus interchange.

There are currently 8 integrated developments in Singapore, excluding Sengkang Grand Residences.

The 8 integrated developments are:

1. Bedok Residences

2. Compass Heights

3. Hillion Residences

4. North Park Residences

5. Sun Plaza Condominium

6. The Centris

7. The Woodleigh Residences

8. Watertown Condominium

Why the hype then? Scarcity, Connectivity, Convenience and Rentability.

Currently, only 8 out of all 119 MRT stations are integrated developments. The private residential units in these integrated developments make up 1.3% of the total number of private residential units nation-wide. Integrated developments rank high in connectivity offering seamless inter-modal transfers and enhance accessibility to amenities. It also offers the convenience of having a Mall with access to food and beverage, supermarket and retail "right at your doorstep". And according to available data, the Vacancy Rate in Integrated Development is 0%.

Integrated developments enjoy higher rentals due to good rental demand. For instance, Bedok Residences (D16) fetch a median residential rental of $3.88psf/month vs other non-landed condos in the same district with a median residential rental of $2.84psf/month. Watertown Residences (D19) fetch a median residential rental of $3.41psf/month vs other non-landed condos in D19 at $2.90psf/month. Hillion Residences (D23) fetches a median of $3.80psf/month vs non-landed condos in the same district for $2.45psf/month.

These rare developments also enjoy sustainable growth in property values. Take into example Watertown Residences (D19), Bedok Residences (D16) and North Park Residences (D27).

Watertown Residences has seen a 4.7% growth from its average price of $1,317psf in 2015 to $1,379psf in 2019. The value of Bedok Residences has grown by 9% since 2012 at $1,347psf to $1,468 in 2019. And the value of North Park Residences has grown by 11% from the average price of $1,353psf in 2015 to $1,506psf in 2019.

In short, the benefits of living in Integrated Developments are :

- Sustainable growth in property value and rent

- Possibility of bringing jobs closer to home

- Convenience at your doorstep from food to groceries and transportation

- Encourage Use of public transportation thus lowering carbon footprint

If you need more information on integrated developments and wish to inquire more about the upcoming Sengkang Grand Launch, reach out for a non-obligatory consultation. I'll be happy to assist :)

Contact #AgentMunFresh at 90621623.

Based on the track record of past launches, Mixed-use developments are highly sought after over Non-Integrated developments. Click here to see more Mixed-Use Developments.