Ocean 8

Ocean 8 is a leasehold (99 yrs from 2005) terrace house. It is developed by IJM PROPERTIES SDN BHD. The development occupies a land area of 340 sqm. It consists of 8 units. According to records, buyers of this development are Singaporean 50.0%, PR 18.2%, Foreigner 18.2%, Company 13.6%.

OCEAN 8 is located along Ocean Drive in Southern Islands, in District 4. It is accessible through the nearest MRTs including Tanjong Pagar EW15 and Marina Bay TE20, CE2, NS27.

Based on transaction data in the last 12 months, sale prices range from S$ 1,796 psf to S$ 1,796 psf at an average of S$ 1,796 psf. Its highest recorded transaction was S$ 2,423 psf in Nov 2009 for a 2,637-sqft unit. Its lowest recorded transaction was S$ 1,012 psf in Aug 2006 for a 3,358-sqft unit. Its current rental yield is at 4.8%. Other nearby amenities include: 2 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD.

Buyers and tenants are attracted to District 4, which covers Harbourfront, Telok Blangah and Mount Faber. District 4 is better known for its tourist attractions, marked by the Sentosa Island. District 4 is also favoured by home-buyers due to its central location and accessibility to recreational offerings such as Vivocity, the largest shopping mall in Singapore. Harbourfront serves as a connecting point between the main island of Singapore and Sentosa Island. Sentosa Island is a renowned tourist attraction and a popular leisure destination, featuring Resort World Sentosa and popular beaches. Part of the island has been converted into a residential enclave comprised of premium houses ranging from landed to high-rise housing developments. In contrary to the restrictions for landed houses in Singapore, the bungalows found at Sentosa Cove are open to purchase by foreigners. Another key attraction of District 4 is the Henderson Waves Bridge, the highest pedestrian bridge in Singapore. It forms part of the Southern Ridges Walk, a popular hiking trail starting from Kent Ridge Park.

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.