Draycott Eight

Draycott Eight is a leasehold (99 yrs from 1997) condominium completed in 2005. It is developed by WINWORTH INVESTMENT PTE LTD. The development occupies a land area of 14,215 sqm and a Gross Floor Area of 29,851 sqm. It consists of 136 units. According to records, buyers of this development are Singaporean 24.2%, PR 13.3%, Foreigner 31.8%, Company 30.8%.

DRAYCOTT EIGHT is located along Draycott Park in Newton, in District 10. It is accessible through the nearest MRTs including Newton DT11, NS21 and Orchard TE14, NS22.

Based on transaction data in the last 12 months, sale prices range from S$ 1,761 psf to S$ 2,169 psf at an average of S$ 1,965 psf. Its highest recorded transaction was S$ 3,176 psf in May 2007 for a 4,187-sqft unit. Its lowest recorded transaction was S$ 1,470 psf in Jul 2017 for a 1,701-sqft unit. Its current rental yield is at 3.8%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, and 3 Shopping Mall(s): Far East Plaza, Pacific Plaza, Shaw Centre.

Buyers and tenants are attracted to District 10, which is comprised of Tanglin, Farrer Park, Bukit Timah, Holland Village and Ardmore Park. The Tanglin area is largely residential and is home to the Singapore Botanic Gardens. Tanglin is also at the heart of Singapore’s major embassies, ministries and consulates, such as the Ministry of Foreign Affairs and United States Embassy. Holland Village is a favourite expat hang-out, where a hawker centre and numerous trendsetting cafes and bars cater to the expat population's needs. Bukit Timah has one of the biggest clusters of landed properties and high-end condominiums in Singapore, with very few HDBs. There are also many international schools in the neighbourhood, owing to its high expat population. The town is also home to Bukit Timah Hill, Singapore's tallest hill. The Ardmore area is close to many six-star hotels, shopping malls, clubhouses, top international and local schools, attracting many foreign buyers to invest in luxury properties in the neighbourhood.

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.