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8 Views· 30 August 2022

Inside A Rare Conserved Shophouse Condo That's Freehold: A Tour Of 1953

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The 1953 condo is a very unique addition to the new launch market, both in terms of its name, as well as its offering. It stands out as a freehold project in the city fringe with conserved shophouses, which is arguably a rare find these days. This was only made possible through the amalgamation of 2 separate sites purchased in 2017 – first a plot of land on Tessensohn Road for $14.5m, then the row of shophouses along Balestier Road for $38m.

For those interested in how its name came about, the name 1953 pays tribute to the year the shophouses were built – in Art Deco style with 1953 displayed proudly at the top.

So let's talk about what's unique here first. Shophouse living has been gaining traction in Singapore, which has been accelerated by companies such as Figment. In an era where many of the new launches are cookie-cutter, this represents a very viable option for those that like a different living environment.

Especially so, when you consider that buying an individual shophouse does come with other issues that many don’t consider. While you do have a very safe asset, the upkeep and maintenance can be a lot to undertake. In the case of the 1953 condo, you get the unique attributes of living in a shophouse in a condo environment. So with its exterior conditions managed by the MCST, plus facilities for that lifestyle element, you can see how this would be an attractive package for someone looking for a unique home to live in.

For all the good and unique things that the 1953 condo has to offer though, you will have to contend with the fact that this remains a boutique development with just 58 residential units on a small plot of land. For context, its land size of 17,938 sqft just about cuts it as a Good Class Bungalow. For potential buyers looking for that 50m lap pool, sky decks or tennis courts, sorry to disappoint you but this isn’t the right product for you.

This may be a niche product, but buyers looking for something different will probably identify with it right away.

For our full review, please visit: https://stackedhomes.com/editorial/1953-condo-review/?utm_source=youtube.com&utm_medium=description

Chapters
0:00 - Intro
1:14 - Looking At The Model
3:40 - Amenities Around 1953
4:27 - 1-Bedroom + Study Unit (614 sqft)
7:40 - 3-Bedroom Heritage (1,141 sqft)
12:56 - Unit Mix
13:01 - Conclusion

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Stacked is an online editorial aimed at helping Singapore home buyers, sellers and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling or renting Singapore real estate.

Editorially independent, our articles are published in-house and do not receive sponsorship. We hope to provide unbiased, reliable content that our readers can use.

#Stackedhomes #singaporecondo #condotours

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