Silversea

Silversea is a leasehold (99 yrs from 2007) condominium completed in 2014. It is developed by MARINA GREEN LTD and designed by DP ARCHITECTS PTE LTD. The development occupies a land area of 20,293 sqm and a Gross Floor Area of 56,821 sqm. It consists of 383 units. According to records, buyers of this development are Singaporean 36.9%, PR 22.7%, Foreigner 39.0%, Company 1.5%.

SILVERSEA is located along Marine Parade Road in Marine Parade, in District 15. It is accessible through the nearest MRTs including Marine Parade TE26 and Amber TE25.

Based on transaction data in the last 12 months, sale prices range from S$ 1,839 psf to S$ 2,323 psf at an average of S$ 2,000 psf. Its highest recorded transaction was S$ 2,766 psf in Apr 2014 for a 4,338-sqft unit. Its lowest recorded transaction was S$ 1,150 psf in Jul 2009 for a 1,582-sqft unit. Its current rental yield is at 3.3%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, FOUR SEASONS ORGANIC MARKET PTE. LTD., and 3 Shopping Mall(s): PARKWAY PARADE, ROXY SQUARE, KATONG PLAZA.

Buyers and tenants are attracted to District 15, which includes Tanjong Rhu, Meyer, Marine Parade, Katong, Amber Road, Joo Chiat and the area around East Coast. A large proportion of the district is zoned for residential development. The district is currently served by the Circle Line and East-West Line via Paya Lebar, Eunos, and Aljunied MRT stations. There is a wide coverage of bus service connecting passengers to and fro the Central Business District as well. Joo Chiat was zoned as a conservation area in 1993. A large number of shophouses, which retain its original look since the earlier years, can be found along Joo Chiat Road. Separately, Meyer Road stretches from Tanjong Rhu Road to Tanjong Katong Road. Located across from the East Coast Park, Meyer Road is easily accessible by the East Coast Expressway extending from the city to the Singapore Changi Airport. Residents in this district have plenty of shopping options such as Parkway Parade, i12 Katong and Katong Shopping Centre.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.