Lavender Residence: Enjoy modern heritage lifestyle in District 12

launched in Chinatown It’s no surprise that Lavender Residence has gained traction among buyers looking for an affordable, centrally located apartment in District 12. Featuring prime transport connectivity, a keen appreciation of Singapore’s architectural heritage, and the benefits of a mixed-use development, this project offers great value to potential homeowners and investors. Located at the junction of Lavender Street and Kempas Road, the freehold project is comprised of four ground-floor retail units, 17 residential units, a basement mechanical carpark, and a restored conservation Art Deco architecture.

Lavender Residence, a freehold, mixed-use development by local developer FLJ Property is rapidly gaining traction among buyers in Singapore’s District 12. Featuring quadruple road frontage which showcases its restored Art Deco architecture, the project is made up of four retail units, 17 residential apartments, as well as a basement mechanical carpark.

Just two stops away from the Bencoolen arts and cultural district on the Downtown Line, residents of Lavender Residence enjoy access to all parts of the city with three MRT stations located within walking distance – Bendemeer, Boon Keng, and Farrer Park – connected to Shopping malls Woodleigh Mall and Nex, as well as the CBD via several major roads and highways like Serangoon Road, Balestier Road, Lavender Road, and the Central Expressway (CTE).

The site previously contained three two-storey conservation shophouses built in the Art Deco-style during the 1940s -now conserved by the developer to celebrate its historic value. Local architecture firm Park + Associates was brought in to oversee the conservation works, as well as the design of the new six-storey rear extension – blending together Art Deco elements and contemporary design.

Two of the Heritage Series, a mix of five Art Deco-style apartments located on the the second floor of the conservation shophouses, were sold at the project sales launch in June this year. The remaining units – a studio + study, one-bedroom + studio (dual key), and three-bedroom + study (dual key) – offer maximised living areas and a range of high-end branded fittings and fixtures.

Nine units and three penthouses occupy the new six-storey rear extension block – the penthouses were all sold in June, and the remaining apartments comprising one- and two-bedrooms, as well as two- and three-bedrooms dual keys – are expected to be snapped up quickly due to their attractive pricing starting from $1,850 psf for a freehold development less than a five-minute drive from the city.

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Interest has been further boosted by the fact that renters in the neighbourhood have high rental yield, like the average Sturdee Residences rental price of $6.52 psf per month and rental yield of 4%, as well as the new 1953 on Tessensohn Road rentals of $6.17 psf pm and a yield of 3.9%. Dual-key units have also been in high demand as it provides the opportunity to be a homeowner and landlord.

Overall, Lavender Residence is the perfect place for those seeking an affordable, centrally located apartment, with the added benefit of proximity to public transport, commercial hubs, and Singapore’s cultural heritage.