The Hillshore: A New Freehold Condo Opportunity in Pasir Panjang Worth Exploring?

This article was brought to you in conjunction with FRX Capital and ERA Property Megashow – the premier event for discovering valuable investment opportunities in Singapore.

How does the idea of living near a heritage tourist attraction, business hubs with Grade-A offices, and one of Singapore’s largest coastal redevelopment projects sound to you?

If your answer is “Great!” or anything similar, The Hillshore may just be the private residential project to tick all (or most) of the proverbial boxes for your ideal home.

Launched just this year by real estate investment firm and developer FRX Capital, The Hillshore is a boutique development sited at Pasir Panjang in District 5. This places it in close proximity to Haw Par Villa, various business nodes in Singapore’s city core, and perhaps most crucially, the Greater Southern Waterfront, which is part of a larger plan to revitalise “an entire stretch of 120 kilometres of prime waterfront coastline”.

As highlighted during Prime Minister Lawrence Wong’s maiden National Day Rally speech, this transformation will begin in “the West all the way to Pasir Panjang” (i.e., the Greater Southern Waterfront) before “stretching out to the East” where the future ‘Long Island’ is located.

These projects for Singapore’s southern coastline, along with other salient selling points, make The Hillshore a viable option for discerning buyers. So, here’s a ‘tour’ of everything that it has to offer.

Oh, but before that, did we also mention that The Hillshore is a freehold condo too?

Why does The Hillshore’s location offers great accessibility and potential?

1. The transformative potential of the Greater Southern Waterfront

First announced in 2013, The Greater Southern Waterfront will see the rise of a “new major gateway and location for Singapore’s southern coast”. As outlined by the Urban Redevelopment Authority (URA), this long-term plan will see a land mass “three times the size of Marina Bay” being revitalised with more residential options, offices, and recreational spaces.

With specific regards to housing, the biggest transformation along the Southern coastline is undoubtedly the influx of new homes. Over 9,000 HDB and private residences will be built, breathing new life into Bukit Timah.

Additionally, with the relocation of container terminals at Tanjong Pagar, Keppel, and Pulau Brani, as well as Pasir Panjang Terminal by 2027, this will result in an additional 1,000ha of land being freed up for further development. This change could lead to new waterfront residential precincts with lifestyle attractions being built, bolstering the prospects of future capital appreciation for nearby developments including The Hillshore.

2. Proximity to key business nodes in Singapore’s core city and its fringes

As its name suggests, The Hillshore is located near Singapore’s western shores, placing it directly within the boundaries of the Rest of Central Region (RCR) while also granting access to key commercial nodes surrounding its Pasir Panjang address.

For future owners, this locational attribute could translate into two positive outcomes: convenient access to locations with promising job opportunities, as well as a pool of potential renters keen on residing near their workplaces.

Towards the East of The Hillshore, the Alexandra precinct is where Mapletree Business City and mTower (a.k.a. the former PSA Building) are located. Also, with them are major corporations like Google, as well as Government entities such as Singapore’s Ministry of Transport and the Maritime and Port Authority of Singapore.

Likewise, future residents will find the Central Business District accessible, being just a 13-minute drive from The Hillshore. Needless to say, this proximity will make it easy for professionals to travel from their homes to their workplaces in Singapore’s city core.

Over the next two decades, residents at The Hillshore will also stand to benefit from the rise of the Jurong Lake District (JLD). Located 16 minutes away by car, the JLD is poised to become the nation’s largest business district outside of the city core, where flexi-use sites and business parks will be incorporated to form a one-stop commercial centre.

3. A well-connected address with convenient access to public transportation

Apart from the West Coast highway (12 minutes away) and Ayer Rajah Expressway (14 minutes away), which connect The Hillshore to the abovementioned business nodes, future residents will also get to experience convenient access to stops on the Circle Line (CCL).

Thanks to The Hillshore’s location, Haw Paw Villa station is just 500m from its doorstep, allowing residents to enjoy a short commute to key CCL stations like Harbourfront and one-north. In particular, one-north stands out as a destination for working professionals in the tech and R&D sectors due to it being a key science hub in Buona Vista.

Moreover, with the completion of the CCL’s final extension in 2026, the line’s loop will finally be closed, giving residents direct access to even more centrally-located stations, including Dhoby Ghaut and Bayfront.

4. Ample dining and recreational options in the vicinity

In terms of dining options, residents have the choice to explore Pasir Panjang Food Centre, a culinary haven offering a wide variety of local delights just a short walk from the MRT station sharing its namesake. They can also choose to venture to Seah Im Food Centre, a popular lunchtime and dinner spot for residents and workers in the Harbourfront area.

Nature-lovers, on the other hand, will come to appreciate The Hillshore’s proximity to Kent Ridge Park, Pasir Panjang Park and Labrador Nature Reserve. Most notably, a new 2.2km section of Pasir Panjang Park was opened just last year, giving visitors a continuous 17km walking/cycling route along Singapore’s West Coast extending all the way to Jurong Central Park.

5. Though The Hillshore is a boutique condo, it offers a mix of unit options

Among the new developments launched in District 5 between 2023 and 2024, only four have unsold units remaining as of the time of writing. In total, there are just 332 available units between them, with 56 units located at The Hillshore.

Hence, with fewer launches and the limited availability of units in District 5, The Hillshore could emerge as a standout option for condo buyers planning to live in Pasir Panjang – especially those who are interested in exploring different unit types and/or having more options to choose from within a development.

This appeal is further enhanced by The Hillshore’s freehold tenure; a characteristic shared only by one other recent new launch located in the Pasir Panjang subzone. Alongside new commercial and entertainment options brought forth by the Greater Southern Waterfront, this combination could pave the way for future price growth at The Hillshore.

What are the units at The Hillshore like?

Table 1: Unit types available at The Hillshore

Type	Size (sqft)	Starting Price*	Psf starting price*	Total no. of units
2-Bedroom	743	$1,855,000	$2,497	22
3-Bedroom	1,055 – 1,109	$2,628,000	$2,491	27
4-Bedroom (Dual Key)	1,475	$3,808,000	$2,582	3
4-Bedroom (Penthouse)	1,647 – 1,776	$3,968,000	$2,506	7

Source: ERAPro, ERA Research and Market Intelligence (*Data as of 24 Aug 2024)

With only just 59 units across two blocks of five-storey towers, The Hillshore is by definition a boutique development; these smaller-scale residences offer exclusivity and tranquillity, making them attractive options for either young couples, empty nesters/retirees, or even investors who prefer smaller units with higher rental yield.

These demographics are likely to align with the target market for The Hillshore, considering that its unit mix predominantly features two-bedder (22 units) and three-bedder (27 units) apartments, with a smaller number of upscale four-bedroom homes (10 units).

Here’s a closer ‘look’ at what some of The Hillshore’s units are like on the inside:

Two-bedroom units: Suitable for young couples

The Hillshore offers a choice of four two-bedroom unit options: standard two-bedders, premium two-bedders, and penthouse versions of both.

In particular, the Type A1 standard two-bedders may be a draw for young couples seeking a space-efficient, easy-to-upkeep home. With their dumbbell-shaped layout, these 743 sqft units eliminates dead space by having the junior and master bedrooms located on opposite sides of the apartment. In turn, this layout does away with the need for a long hallway, which prevents precious square footage from going to waste.

The Type A1 two-bedders at The Hillshore feature a dedicated kitchen as well, taking the place of hallway meal prep areas found in some two-bedders on the market. This practical inclusion ensures a separate space for food preparation, while also making low-maintenance less tedious by preventing cooking fumes from spreading into other zones.

Three-bedroom units: Suitable for families with children

Compared to their two-bedder counterparts, the Type B1 three-bedders (1,055 sqft) at The Hillshore come with an even greater range of indoor features, making them suitable for three-to-four-person households. These include an additional bedroom, a utility bathroom, as well as a balcony, which bring offer up even greater convenience and comfort.

Though Type B1 units at The Hillshore are missing the dumbbell layout of Type A1 two-bedders, the linear configuration and rectangular shape of their rooms opens up the possibility of creating a considerably more spacious communal zone.

With some renovation, it’s possible to merge the dining area and its neighbouring bedroom (if it isn’t occupied) to form a large, open-plan living area complete with an open-air balcony. However, if a separate space is desired, there’s always the option of transforming the spare bedroom into an amply-sized private study.

Four-bedroom units: Suitable for multi-generational families

Plausibly due to The Hillshore being a boutique development, its four-bedders are all higher-end offerings, with seven out of the ten units being penthouses, and the remaining three being dual-key units that allow for tenant accommodation. These four-bedders command price tags upwards of $3.8M, and possess various features expected of an upscale home able to house multi-generational families.

For starters, the Type B1 four-bedder penthouse units have a floor size of 1,701 sqft, making them at least 60% large.r than their three-bedroom counterparts.

The extra square footage primarily comes in the form of a junior master bedroom with its own attached bathroom, as well as an even larger master bedroom on the upper floor. The latter also comes complete with a walk-in wardrobe and a bathroom spacious enough to accommodate a his-and-her sink configuration.

In addition, a roof terrace adjoining the master bedroom serves as a private patio. Thanks to The Hillshore’s elevated position on a downwards slope, this feature gives occupants a bird eye’s view of the neighbourhood, as well as scenic views of Singapore’s western coast.

The Hillshore: A freehold opportunity offering an elevated living experience

Rooted in the legacy of the renowned Tong Eng Group, FRX Capital has established itself as a nascent real estate firm in Singapore, with a $350M portfolio in property investment and development projects locally and internationally.

Leveraging the extensive domain knowledge and expertise of its founders, FRX Capital is dedicated to offering quality investment opportunities for investors, while also creating valuable real estate assets for buyers. This ethos has culminated in The Hillshore – FRX Capital’s first-ever freehold condominium project, nestled within the serene neighbourhood of Pasir Panjang.

With its strategic location along the Greater Southern Waterfront and bespoke units that reflect comfort, luxury, as well as thoughtfulness, The Hillshore is a compelling choice for aspiring homeowners and discerning investors alike.

Interested in learning about The Hillshore? Connect with an ERA Trusted Adviser today for more information.

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