Singapore is known for being a worldwide business and investment hub. With its strategic location, favourable business environment and well-educated population, it is no wonder why many businesses and entrepreneurs are keen to set up or expand operations in the city-state. One question that often arises is whether or not a particular neighbourhood is ripe for investment.
In this article, we look at Pandan Valley – does this area offer good potential for investors? And we will take a look at the pros and cons of developing Pandan Valley and see if it is indeed a smart move for the Singaporean government. Read on to find out more.
What is Pandan Valley, and what can you find there?
Pandan Valley is located west of Singapore and bounded by Holland Road, Ghim Moh Road and Commonwealth Avenue West. The area was originally a Malay kampung (village) but has since been developed into a housing estate. Today, Pandan Valley is home to about 10,000 residents.
The neighbourhood offers a good mix of amenities for its residents. There are many schools, such as Henry Park Primary School, Nanyang Girls’ High School and Raffles Institution. For nature lovers, the Pandan Reservoir Park is a great place to unwind or take a stroll. There are plenty of options for shopping and dining, too – Holland Village and Dempsey Hill are just a short drive away.
Pandan Valley is also well-connected to the rest of Singapore. It takes about 15 minutes to get to the Central Business District (CBD) via car, and several bus services ply the area. For those who take public transport, the nearest Mass Rapid Transit (MRT) station – Mattar MRT station on the Downtown Line – is just a short walk from Pandan Valley.
What are the pros of developing Pandan Valley?
Pandan Valley offers many advantages for investors and developers. Firstly, the neighbourhood is located in an established residential estate with good amenities and transport links. It means there is already a built-in demand for housing in the area. Another key selling point of Pandan Valley is its land bank. The neighbourhood has a large amount of undeveloped land, which makes it ideal for redevelopment projects.
In addition, Pandan Valley is earmarked for future growth under the URA’s Master Plan 2019. The authority has plans to develop the Holland-Ghim Moh corridor into a “liveable and green community with good connectivity”. It will likely increase property value in the area, making it an even more attractive investment proposition for developers and investors.
What are the cons of developing Pandan Valley?
While Pandan Valley offers many advantages for developers and investors, some challenges must be considered. Firstly, the area is in a flood-prone zone, meaning that any redevelopment projects will need to consider the risk of flooding and implement measures to mitigate this risk.
Secondly, the neighbourhood is home to many public housing flats. It could present difficulties for redeveloping the area as there may be resistance from existing residents who do not want to move from their homes. Developers must work closely with the relevant authorities to address these concerns.
Thirdly, the area is earmarked for future growth under the URA’s Master Plan 2019. While this is positive news for investors and developers, it also means that there may be competition for land in the area. It could drive up prices and make acquiring land for redevelopment projects more difficult.
Despite these challenges, Pandan Valley remains a compelling investment proposition for developers and investors due to its many advantages. With careful planning and execution, redevelopment projects in the area can be successful and generate good returns for those involved.
The different types of housing available in the valley
Pandan Valley offers a wide range of housing options for buyers. These include private condos, executive condos, HDB flats and landed properties. There’s something for everyone in the valley, making it a great place to live for families and professionals alike.
Private condos in Pandan Valley offer residents luxury living at an affordable price. These developments include a full range of amenities, such as swimming pools, gyms and tennis courts. They are also conveniently located near MRT stations and shopping malls, making them an excellent option for those who want a hassle-free lifestyle.
Executive condos are another popular housing option in Pandan Valley. These developments offer buyers the chance to own a condo unit with slightly more space and privacy than an HDB flat. They are also typically located in more upmarket areas of the valley, making them a good option for those who want to live in a more excellent neighbourhood.
HDB flats are the most affordable housing option in Pandan Valley. These units are popular with first-time buyers and young families as they offer a more affordable way to own a property in the area. HDB flats are also located near amenities and transportation links, making them a convenient option for those who want an easy lifestyle.
Landed properties are the most prestigious type of housing in Pandan Valley. These homes are usually large and come with private gardens. They are typically located in the more affluent areas of the valley, making them a good option for those who want to live in a luxurious neighbourhood.
The verdict on whether or not Pandan Valley is a wise investment
Pandan Valley is a wise investment for developers and investors due to its many advantages. The area is flood-prone, but this can be mitigated with careful planning. The neighbourhood is also home to many public housing flats, which presents an opportunity for redevelopment. Additionally, the area is earmarked for future growth under the URA’s Master Plan 2019. With careful planning and execution, redevelopment projects in the area can be successful and generate good returns for those involved.