Tanjong Pagar: The next new hotspot

Tanjong Pagar is quickly becoming a popular and vibrant destination for swanky boutique hotels, creative office spaces and award-winning celebrity restaurants, according to Savills Singapore.

With many new residential projects such as Eon Shenton and Pinnacle@Duxton, the area is expected to overtake Ann Siang Hill and Club Street as a hotspot. Moreover, the nearby port is expected to relocate by 2026 and will be replaced by low-rise, sea fronting homes.

“The main attraction for Tanjong Pagar is its quaint conservation shophouses juxtaposed with modern skyscrapers. It is this meld of contrasts that draws the crowd in – a playground that serves their needs day and night, whether at work, play or even at home,” noted Sulian Tan-Wijaya, Senior Director, Lifestyle and Retail at Savills.

The firm was recently appointed to market three adjacent shophouses built in the 1920s. Located at 1A Keong Saik Road, they are near Chinatown, Harbourfront, Clarke Quay and Outram Park MRT stations, and were previously owned by AIA Singapore to house part of its Singapore-based operations till the end of last year.

Source : PropertyGury – 2 May 2013

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