Located in perhaps one of the best locations in Singapore, Boulevard 88 is a freehold estate that has immense potential. With its proximity to the famous Orchard Road shopping belt, Boulevard 88 is the ideal residential area for people that love the hustle and bustle of the city area. The freehold development should be highly anticipated, as Granmil Holdings Pte Ltd. will develop the upcoming residential project that is located in Orchard. Granmil Holdings Pte Ltd. is a joint venture between two esteemed developers: City Developments Limited (CDL) and Hong Leong Holdings.
As the project is a freehold estate, owners of a unit at Boulevard 88 Condo will not be affected by the 99-years leasehold property terms in Singapore. If the owners of a freehold condo collectively decide to sell the property as an en bloc sale, they will likely fetch a higher price than a leasehold development. Due to Boulevard 88 Condo’s prime location, the development will probably hold its value better when compared to properties in other areas.
Notable developments that are near Boulevard 88 include famous hotel chains: The St. Regis Singapore, and the Four Seasons Hotel Singapore. Both hotels are known for their luxurious design and furnishings, which raises the expectations for Boulevard 88, as the new residential project is a short distance away from the famous hotels.
While further details regarding the development have not been released, Boulevard 88 Condo is expected to appeal to both locals and foreigners that value its prestigious address. Future residents living in Boulevard 88 Condowill have access to a fabulous array of retail, entertainment, and dining options that will fulfil the needs and wants of any residents. Even if you do not plan on living in Boulevard 88, its premium location will likely attract many interested buyers, resulting in fierce competition for a unit.