V on Shenton
As the financial district in Singapore undergo massive rejuvenation and transformation, V on Shenton will be an exemplar of how future developments should be in the CBD.
Positioned in the heart of Singapore’s financial district, V on Shenton (the former UIC building) is set to be one of the most iconic residential & commercial projects within the area.
For decades, Shenton Way (also known as the ‘Wall Street of Singapore’) has been identified as one of the main arteries within the heart of Singapore’s Central Business District (CBD). You’ll see tons of commercial buildings with offices instead of residential apartments like V on Shenton.
The CBD is basically a ‘dead town’ during the weekends until today. Even when some of the more prominent residentials were developed around the precinct, such as One Shenton, The Sail at Marina Bay and some others in the Tanjong Pagar area, it still didn’t spark much joy among prospective homebuyers with the idea of living or even starting a family within a business district.
However, things will start to change and with the new Master Plan 2019, more residential developments (in the pipeline) will breath new life into the CBD by making it a precinct for those who seek enjoyments in life and fun time with their families – starting with V on Shenton.
V on Shenton Developer
United Industrial Corporation Limited (UIC) is the developer for V on Shenton; was incorporated since 1963 and became a listed firm in Singapore in 1971.
The Group’s core business is in property investment and development. In 1990, it acquired a major stake in Singapore Land Limited (SingLand) and has since become one of the major property developers in Singapore, with an astounding portfolio which comprises of office and retail spaces of more than 3 million square feet in total.
The Group’s real estate portfolio does include some of the most well-known commercial and retail developments in Singapore, and residential projects which are located in the prime districts and suburban regions.
Other than V on Shenton, UIC has also developed other residential projects such as Alex Residences, Mon Jervois, and The Clement Canopy.
UIC has also expanded its portfolio over the years by venturing into overseas markets, which include property investments in major cities within China and the United Kingdom (UK).
V on Shenton Location
V on Shenton is located 5A Shenton Way, Singapore 068814 within the heart of Singapore’s core central business district alongside the new UIC Building; right opposite OUE Downtown and diagonally across the Singapore Conference Hall and Singapore Chinese Cultural Centre.
Situated within the prime District 1 of Singapore, V on Shenton presents itself as an exquisite private residential development amongst some of the commercial skyscrapers along Shenton Way – offering an unparalleled luxury living experience in the CBD.
So what makes the location of V on Shenton so attractive to homebuyers and property investors?
Downtown MRT Station and Shenton Way MRT Station
At the point when this article was written, the closest MRT station (which is in operation) to V on Shenton is the Downtown MRT station (running along the Downtown MRT line).
Although the Downtown MRT station is around an 8-minute walk away, there’s an underground linkway at V on Shenton that leads commuters to Marina Bay Link Mall and the MRT station.
Other than the Downtown MRT station, a couple of other train stations are also currently within walking distance from V on Shenton, such as the Marina Bay, Tanjong Pagar, and Telok Ayer.
The level of convenience and transport connectivity at V on Shenton will be taken to a new level when the upcoming Shenton Way MRT station, part of the new Thomson-East Coast MRT Line (TEL) is completed by 2021. It is literally situated just right next to V on Shenton.
Connectivity via cars and other public transport
For drivers, the strategic location of V on Shenton couldn’t get any better. Being in the core downtown of Singapore, getting to any other parts across the island would be an absolute breeze.
V on Shenton is located close to various major expressways in Singapore such as the Central Expressway (CTE), the Marina Coastal Expressway (MCE), the East Coast Park Expressway (ECP) and the Ayer Rajah Expressway (AYE). These routes will offer you seamless connectivity to the Eastern, Northern and West regions of Singapore.
In addition, there are more than 20 different public bus services right in front of V on Shenton which will also take you to various part throughout the island.
Amenities and other daily comforts
Despite being the main stage for big corporations and working executives from day-to-day, the Shenton precinct does offer a wide range of amenities and convenience for getting daily necessities.
One of the key landmarks in the area (or perhaps in the entire country) closest to V on Shenton is the Marina Bay Sands shopping mall. At Marina Bay Sands, you will find various eateries, restaurants, and retails stores which carries some of the world’s most affluent brands.
Besides Marina Bay Sands, you will also find various F&B outlets within some of the impressive neighboring developments such as Marina One and Marina Bay Financial Centre.
And of course, who can forget the long-lasting Lau Pa Sat Food Court which is just down the road along Raffles Quay – serving up some of the best local dishes in Singapore.
For those who are into outdoor recreational activities, the nearby Marina Bay area provides one of the best settings for families to get together and joggers who love a joy run along the bayfront.
V on Shenton Condo Facilities
The concept and architecture of V on Shenton are angled towards promoting harmony from the design of its facade to its core interiors. It offers 3 dedicated floor levels which house sky gardens and also a state-of-the-art gymnasium with a sea view on the 35th floor.
Each of the sky gardens is being built to offer residents an avenue for relaxation, health & wellness, or have the best of time while entertaining their distinguished guests.
LUXURI8 (8th Floor)
At the LUXURI8, it’s where the club lounge and the communal swimming pool for residents are located. Despite being above the ground (unlike most conventional condominiums), the pool is designed with an open-to-sky concept.
Thus, it allows you to soak away under the sun or get a little cardio done with a few laps across the pool.
EPICURE (24th Floor)
This is probably to the best spot to host your guests over a sumptuous meal. The EPICURE level is being created and inspired by Ryan Hong, a culinary chef & consultant where the furnishings were specially handpicked and the design of the outdoor setting allows every table at EPICURE will be offered fascinating views of the sea and the city.
HAVEN ON 34 (34th Floor)
Moving on to Level 34, the Haven on 34 is your escape from all the hustle and bustle in life. It’s more than just a Sky Garden – it is practically an urban oasis which was craved with tranquility and peace right out from the skies.
You will be able to lay back in one of the comfy lounges; relax away with the serenity from the sound tinkling waters, giving you that peaceful ‘alone time’ that you always yearn for.
On top of that, you can also get some light workout done at the outdoor fitness corner and the putting green on the 34th floor of V on Shenton.
VITALISE ON 35 (35th Floor)
Just right above HAVEN ON 34, the VITALISE ON 35 is more like a supplement to what’s being offered on the 34th floor. As the name speaks for itself, residents of V on Shenton will be able to get a good workout within the magnificent gymnasium.
The highlight of the gym is that it offers a breathtaking view of the southern seas of Singapore – something that even most commercial gyms in Singapore could not offer and it’s almost uniquely available at V on Shenton.
V on Shenton Floor Plan and Unit Types
V on Shenton comprises a total of 510 residential units within 1 single 54-storey block. As it is a mixed residential and commercial development, there will also be another 23-storey office block – which is the new UIC Building.
The first 7 levels and 2 basement levels of V on Shenton have been catered for car parking and other services, thus the residential units will start from level 9 since level 8 is a facility deck.
V on Shenton will consist of a wide of unit types from studio apartments to 3-bedders and penthouses. The development was completed back in 2017.
Here are the V on Shenton floor plan for each unit type (except for penthouses):
- Studio – 441 to 474 sqft
- 1-Bedroom – 484 to 506 sqft
- 1-Bedroom + Study – 689 to 743 sqft
- 2-Bedroom – 883 to 1,033 sqft
- 2-Bedroom + Study – 1,055 to 1,216 sqft
- 3-Bedroom – 1,356 to 1,765 sqft
- Penthouses – 3,315 and 3,918 sqft
- Penthouses with Sky Terrace – 5,533 to 7,255 sqft
If you are keen in any of the penthouses, do drop us a note using the form below or give us a call at (+65) 6631-8384 and we’ll arrange a viewing appointment for you to see the actual units.
V on Shenton Price Guide
The following table shows the indicative V on Shenton price guide as of 04 April 2019. Please note that prices are quoted with discounts and are subjected to changes.
So do give us a call at (+65) 6631-8384 and send us a message via the contact form below for the latest price update and unit availability.
|Unit Type||Size||Indicative Price||Remarks|
|Studio||441 to 474 sqft||Fully Sold|
|1-Bedroom||484 to 506 sqft||Fully Sold|
|1-Bedroom + Study||689 to 743 sqft||Fully Sold|
|2-Bedroom||883 to 1,033 sqft||Fully Sold|
|2-Bedroom + Study||1,055 to 1,216 sqft||$2.972 million||47th floor, City view|
|3-Bedroom||1,356 to 1,765 sqft||$3.09 million||40th floor, City view|
|4-Bedroom Single Level Penthouse||3315 sqft||$11 million||52nd floor, Unblock sea and city views|
V on Shenton Showflat Location
The V on Shenton showflat is available for viewing on site as the development has already been completed since late 2017. Here are some of the pictures of the showflat for each unit types.
At the condo itself, you will be able to have a look at the actual units and the views of the surroundings – thus giving you more assurance and confidence as a property buyer on what are you exactly putting your money into.
V on Shenton Review
For the last couple of years, V on Shenton has somewhat gone unnoticed since it was first launched back in 2012.
When the nearby Marina One Residences was launched back 2015, it practically took V on Shenton off the radar. While Marina One Residences was experiencing a strong take-up rate from homebuyers and investors between 2015 to 2018, V on Shenton wasn’t really on-par or even close in terms of sales figures within the same period.
Over time, there have been tons of comparisons made between V on Shenton and the nearby Marina One Residences due to the fact that they are within the same district of Singapore and possess potential upsides which are almost similar.
So, in this V on Shenton review, we shall take a look at the pros and cons for V Shenton and the potential upside of this project, followed by a straight-up comparison between V on Shenton and Marina One Residences.
Excellent connectivity to MRT stations
Being close to an MRT station is perhaps one of the key considerations for prospects who are looking for a property in Singapore – and V on Shenton takes care of this aspect.
The closest MRT to V on Shenton at this point in time is the Downtown MRT station. The underground linkway to the station is absolutely brilliant as it makes walking there a little bit more comfortable – although some may be turned off by the fact that it’s still an 8-minute walk away.
On a positive note, you can still walk to and fro without getting drenched on a rainy day or get all hot and sweaty on a sunny day. And life’s going to get even better when the upcoming Shenton Way MRT station is completed. It’s practically just next to V on Shenton and the UIC building.
Layouts are largely efficient and functional
Looking at the V on Shenton floor plans, you can see that the layouts are mostly functional and spaces are really well-designed.
All the units look good – probably except for the 3-bedroom layouts of Type C1 and C6 which has an odd corner in the master bedroom and the bay windows (some will feel that its a waste of space).
But honestly, it’s not that much of a deal breaker for me because of the overall size, which is really good as compared to some of the newer developments nearby within the CBD.
The Greater Southern Waterfront City under the Master Plan 2019
As part of the URA Master Plan 2019, one of the most ambitious projects in Singapore’s history is to develop the Greater Southern Waterfront City – stretching all the way from Shenton Way to Pasir Panjang across ~2,000 hectares of land.
V on Shenton presents itself as one of the ‘early movers’ in the plan as more housing units will be planned within the CBD in the next couple of years.
Savvy investors since the early 2000s are likely to relate this transformation to the one at Marina Bay more than a decade. It was the period when the government practically revamped the precinct and drove prices at The Sail @ Marina Bay (which was the only condo project at that time in the area) to as high as $3000+ psf.
The highest psf price ever transacted at The Sail @ Marina Bay remains at $3,499 psf – for a 2-bedroom unit back in September 2011. Thus, an average psf price of $2,200 – $2,400 for a unit at V on Shenton (some even selling as low as $2,131 psf) does seem relatively attractive in my opinion before all the plans for the Greater Southern Waterfront materialize.
Here’s a video by Channel NewsAsia provides full coverage of the latest Master Plan and how future developments and expansions will be planned in the financial district for the next decade or two.
V on Shenton vs Marina One Residences
If you look at the location for both V on Shenton and Marina One Residences, there isn’t really much of a difference to set both apart geographically.
So, in order to decide which of these two projects are a better buy, it really comes down to price, the quality of the product and your preferred address.
Here’s a quick overview to compare both V on Shenton and Marina One Residences.
|Project Name||V on Shenton||Marina One Residences|
Khazanah Nasional Bhd
|Tenure||99-year leasehold||99-year leasehold|
|No. of Units||510||1,042|
|Generic Unit Types||1-Bedroom
|*Based on units for sale by the developer (as on 23 April 2019)|
As you can see from the comparison table above, the main differences between V on Shenton and Marina One Residences are really the density of the project, a 4-bedroom unit type, and the price.
Hence, if you prefer a property which is less rowdy; you don’t really need a 4-bedder and something at a lower price point, then V on Shenton would be more than ideal for you.
As newer condo projects (which are still under construction) continue to raise the pricing benchmark throughout Singapore, completed developments in the downtown core central such as V on Shenton does present itself as a value proposition to homebuyers and property investors.
Despite the only downside that the CBD is now practically a “dead town” during Saturdays, Sundays and even public holidays, things will eventually change under the new Master Plan 2019 as it will create more homes and activities within the area – turning it to one of the most vibrant spots in Singapore.
Therefore, if you have the thought of buying a property in the CBD or buy a unit at V on Shenton, you’ve really got to act fast before this ‘transformation’ as this will be a golden opportunity for you ride on the growth before pricing steers towards greater heights.