Newport Residences is a new freehold luxury condo that will soon be launched along Anson Road, within the core downtown region. It will be developed by City Developments Limited (CDL) and is expected to attract interest from potential buyers, especially given its premium location within the CBD and the fact that it will be a rare freehold property in this market. The project will be surrounded by other developments, including One Bernam across the road which offers leasehold units, with prices starting from around $2,300 per square foot. However, Newport Residences will offer a 15% to 20% markup over these leasehold properties due to its freehold status.
The location of Newport Residences will provide its residents with easy access to a wide range of amenities and facilities. For instance, a variety of shopping and dining options can be found in the vicinity. In addition, there are several public parks and recreational areas that are close by, allowing residents to enjoy the natural surroundings and get some fresh air without having to travel far from home.
For those who prefer to use public transport, Newport Residences is conveniently located near two MRT stations. The nearest is Tanjong Pagar station on the East-West line, which is a six-minute walk away. The upcoming Prince Edward Road MRT station on the Circle Line is also nearby and will be a three-minute walk from Newport Residences when it is completed in 2025.
Those who prefer to drive will find that the area is well-served by major roads and expressways. Newport Residences is just a short distance from the Ayer Rajah Expressway and Marina Coastal Expressway, making it easy to get to other parts of the city. In addition, the nearest bus stop is a mere two minutes walk away from the development.
Families with school-age children will be pleased to know that Newport Residences is located close to a number of educational institutions. This will make it easier for parents to pick and drop their kids off to school each day. The neighborhood has a selection of established schools, including Cantonment Primary and Secondary School, Singapore Management University, and Nanyang School of Fine Arts.
Moreover, the proximity of Newport Residences to a number of cultural attractions and entertainment outlets makes it an ideal choice for those who enjoy spending their leisure time in the city. For example, the popular Raffles Place and City Hall are just a one-stop train ride from the development. There are also a variety of restaurants and bars in the vicinity, giving residents plenty of options to choose from when they want to go out and have some fun.