Why You Should Consider Bukit Timah Landed Property?
More Reasons Why You Should Invest in Bukit Timah District 10 Real Estate Property?
Bukit Timah’s closeness to the CBD and entertainment hubs makes it a highly reputable residential enclave in Singapore for the rich. Properties in this area are sited strategically allowing them to enjoy the abundance of nature. The views proximity to amenities delivers all the convenience that residents might need when staying here.
There are many reasons to invest in district 10 properties of Singapore. The area is mostly inhabited by expatriates and rich Singaporeans who are desire luxurious living. Established educational institutions, shopping malls, restaurants, bars, are all within the vicinity. The connectivity is also enhanced for swift transportation. Anything you might need is certainly available in Bukit Timah which makes this area one of the most attractive parts of Singapore.
Here are some of the things to enjoy when living here:
Recent Bukit Timah Properties news in 2019
Bukit Timah is home to the upper class of society. It is made up of a collection of landed houses, cluster home, and condominiums for luxurious living. There are also features classic bungalows and several prestigious schools and other high-end facilities and amenities.
The compounded yearly growth rate for detached homes in Bukit Timah is estimated to be around 2.5% in the past 3-5 years, with the annual sales volumes averaging to between 35 and 55 homes. Since 2010, the median price for such homes has remained above $10 million. In the last 5 years, has been ranging from $11 million to $13 million.
Considering that there is a limited supply of houses in the area, the median price is likely to remain stable for the next 5 years. However, this estimation is subject to the assumption that the economic conditions will not change.
Understand More About Geographical Location Bukit Timah
Bukit Timah is a rich estate situated in the Central Region of Singapore. The name and location of the hill are composed of words from the Malay community. In Malay, Bukit refers to a hill,and Timah refers to the tin. Therefore, Bukit Timah implies “tin hill” in Malay. However, Bukit Timah has no relation with tin, a chemical element. The area acquired the name because the early residents believed that hey could find tin in the hill.
Originally, the area was named after Temek, a tree that grows in the area. In Malay, it was called, Bukit Temakwhich means hill of the temak trees. Temak was common in the area covering the slopes of the hill. But to the westerners, Temak according to Malay pronunciation sounded like Timah thus resulting in the name Bukit Timah.
Bukit Timah or commonly known as Bt Timah, is made up of 8 sub-zones occupying around 1,732 ha. The area is highly regarded because it is Singapore’s highest hill and home to a primary rainforest reserve, known as Bukit Timah Nature Reserve.
Bukit Timah is a residential estate and a planning area found in the westernmost area of Singapore’s Central Region. It sits about 10km or 6.2 miles from the Central Business District and borders Water Catchment, Bukit Panjang, Bukit Batok, Novena, Queenstown, Tanglin, Clementi, to the North, northwest, west, east, south, southeast, southwest respectively.
The area enjoys a prime location and has many premier residential estates including landed property, and a cluster of luxury condos which makes the region highly sought after.