One Draycott: Live in bespoke luxury in the prestigious Ardmore-Draycott enclave

Singapore’s condominiums in the Core Central Region (CCR) have seen an increase in interest since the full lifting of the Covid-19 pandemic-imposed restrictions on international travel last year. In contrast, prices in the Rest of Central Region (RCR) and the Outside Central Region (OCR) soared by 9% year on year in 2022 due to new benchmark launches, bringing these areas closer to CCR.Despite this, the government implemented a new round of cooling measures, such as doubling the additional buyer’s stamp duty for foreigners from 30% to 60%, in late April of 2023; reflecting increased scrutiny of the market. The tight supply of new developments in CCR is anticipated to support prices, albeit at a slower pace, while buyers will find it difficult to secure a home within their desired price range.One Draycott, a recently completed development on Draycott Drive in prime District 10, presents an opportunity for those searching for a luxury residence in an attractive location.The 64-unit project, maintained at a price of between $3,200 and $3,700 psf, has just obtained its temporary occupation permit (TOP). The developer, Selangor Dredging Berhad (SDB), will be launching the residences in June; along with a strategic readjustment of prices.The Ardmore-Draycott neighbourhood has long been considered a desirable address, with malls and clubs such Palais Renaissance, Shaw Centre, Tang Plaza, Tanglin Mall, and high-end schools like EtonHouse International School, all within walking distance.As foreign buyers returned to the market in early 2021, transactions of luxury residences in the area have breached $4,000 psf and even reached prices of $5,800 psf.The temporary occupation permit (TOP) has been granted to One Draycott (Picture: Selangor Dredging Berhad)One Draycott was designed by London-based architectural firm CarverHaggard and boasts a distinct façade: curtain walls framed in black and muted gold, with champagne-coloured trimmings, and a finish of perforated black metallic panels at its highest point. The building is resplendent with design touches, from herringbone timber flooring in the bedrooms, marble slabs with a matte finish in the main living space, and muted gold perforated screens.Moreover, British artists David and Anna Hiscock (DAH Studio) have created special pieces for the development, such as a sculpture made of Lucerna stones – “The Pangolin” – at the drop-off area, and handcrafted oak facets with a geometric design on the timber door of every residence.Throughout the building, there are premium appliances from Miele and De Dietrich, as well as cabinetry by Ernestomeda in every unit. Residents enjoy a swimming pool, pool deck, gym, and an outdoor dining area located on the second floor.The exclusive One Draycott presents a great prospect for prospective buyers. With a strategic readjustment of prices at the post-TOP launch in June, and premium features throughout the building, it is an opportunity to purchase a newly-completed, freehold residence in the prestigious Ardmore-Draycott residential enclave. Those interested in viewing the units may do so by appointment:Call / WhatsApp: +65 9720 0403Website: https://www.sdb.com.my/products/one-draycott

The Core Central Region (CCR) in Singapore has seen an increased level of interest in the property market since the full reopening of borders last year following the recovery of the Covid-19 pandemic.. Despite various macroeconomic headwinds experienced throughout the year, prices in the CCR saw remaining steady, growing by 4.6%, as compared to 3.8% in 2021. In comparison, the Rest of Central Region (RCR) and the Outside Central Region (OCR) have saw prices soar by over 9% y-o-y, backed by new benchmark launches.

The surge in interest in RCR and OCR has closed the time gap between properties in the CCR versus the RCR and OCR, prompting buyers to look for properties in prime locations. Chinese buyers have also returned to the market following the relaxation of border controls in early 2023.

In response to the heightened activity in the market, the government implemented a new round of cooling measures in April, which included a doubling of the additional buyer’s stamp duty (ABSD) for foreigners from 30% to 60%, along with increments for Singapore citizens and permanent residents buying a second property. Despite this, the tight supply of new developments in CCR are expected to support ongoing price growth, albeit at a slower pace.

One Draycott, a recently-completed development located at Draycott Drive, off Ardmore Park in District 10, presents an opportunity for buyers to purchase a newly-completed, freehold residence in the prestigious Ardmore-Draycott residential enclave at an appealing price point. SDB, the developer, will hold a post-TOP launch for the project in June.

The Ardmore-Draycott area is a popular address among the well-heeled, offering retail and leisure opportunities at malls such as Palais Renaissance, Shaw Centre, and Tanglin Mall, as well as top-notch medical facilities, international hotel brands, reputable schools such as Anglo-Chinese School (Primary) and EtonHouse International School, and clubs and associations.

Since its launch around five years ago, One Draycott has maintained its prices, with units ranging between $3,200 to $3,700 psf. Currently, the remaining units consist of two-bedroom apartments with sizes of 732 sq ft and 797 sq ft, with prices starting from $2.3 million. On the top floor, there are also two-bedroom penthouses of 1,238 sq ft and 1,345 sq ft available from $3.3 million.

To add to the appeal of living in The Myst Bukit Panjang, there are a host of amazing amenities and facilities that the development has to offer. These include exercise areas, a swimming pool, barbecue pits, a jacuzzi, a tennis court, table tennis, a multipurpose court, and a playground for kids to enjoy. Furthermore, there is a 24-hour security service and ample parking space for the residents of the condo. The Myst Bukit Panjang is a great place to call home, with its close proximity to MRT stations, shopping malls and the useful amenities it has to offer.

The luxury finishes of the project befitting its address, with design touches such as herringbone timber flooring in the bedrooms, marble slabs with a matte finish in the main living areas, and muted gold perforated screens that protect the balcony space against heat and rain, while providing a luxurious aesthetic.

The development also features a thoughtfully-curated collection of facilities, including a swimming pool and pool deck, a gym, and an outdoor dining area. Taking advantage of its unique triangular shape, the layouts were configured to guarantee ample views and sunlight for each unit.

View units at One Draycott by making an appointment todayCall / WhatsApp: +65 9720 0403Website: https://www.sdb.com.my/products/one-draycott

One Draycott has been envisioned from the start to be an icon of bespoke luxury and is well-timed for property buyers to take advantage of an accessible entry point into the coveted Ardmore-Draycott enclave. A post-TOP launch in June will provide an opportunity to purchase the units directly from the developer at a strategic readjustment of prices. British artists David and Anna Hiscock (DAH Studio) were commissioned to create special pieces for the development, adding to its distinguished character.

In any case, the completed project offers buyers the advantage of being able to view the development prior to making a decision, while still buying directly from the developer, ensuring more transparent pricing. For those looking to own a luxury home within the prestigious Ardmore Park area, One Draycott may be just the right opportunity.