Lavender Residence: Enjoy modern heritage lifestyle in District 12

— 3 landmark Singapore conservation projectsLavender Residence, the boutique project by local developer FLJ Property, is quickly gaining traction among buyers looking for an affordable, centrally located apartment in District 12. It is located at the junction of Lavender Street and Kempas Road, and comprises four retail units, 17 residential apartments, and a basement mechanical carpark. Showcasing the restored conservation Art Deco architecture, it combines easy transport connectivity, Singapore’s architectural heritage, and the benefits of a mixed-use development.

In addition to this, with the winning bid for the Lumina Grand EC CDL, CDL is poised to capture a portion of the market in the western region.

CDL’s successful bid for Lumina Grand EC is a strategic move which reinforces their pre-existing market dominance. Their acquisition of Tengah Garden Walk EC last June for $603 psf ppr enables them to make a lasting impact on the fourth quarter with the release of Copen Grand. Through this action, CDL stands to gain more popularity in the western region. Thus, the Lumina Grand EC CDL has become an integral property in CDL’s portfolio.

Residents will appreciate the close proximity to three MRT stations — Bendemeer, Boon Keng, and Farrer Park — and major roads and highways such as Serangoon Road, Balestier Road, Lavender Road, and the Central Expressway (CTE). An easy three-minute drive will take them into the CBD, while the North East Line will take them to the suburban malls of the northeast region.

The site, originally containing a trio of two-storey conservation shophouses, has been carefully conserved and artfully restored by renowned local architecture firm Park + Associates. A modern representation of heritage conservation, the Heritage Series includes five apartment units on the second floor of the conservation shophouses, ranging from studio to three-bedroom units, some with dual-key variants. Two of these units were sold at launch, leaving only three units available.

The six-storey rear extension block has also been well received, with all three penthouses snapped up in June. Remaining available units range from one-bedroom + study units, two-bedroom units, two-bedroom (dual key) units, and three-bedroom (dual key) units. Based on EdgeProp Singapore data, condos in the neighbourhood have seen strong rental demand, providing potentially attractive rental yields for homeowners and investors.

The competitive pricing for the units, starting from $1,850 psf for a freehold development minutes away from the city, is another draw for Lavender Residence. It is expected that the remaining units will be snapped up quickly in the coming weeks.