22 Sep '14, 4am

BALESTIER'S unsavoury reputation as a red-light district seems a thing of the past. Investors are now closing in...

BALESTIER'S unsavoury reputation as a red-light district seems a thing of the past. Investors are now closing in on the area thanks to rejuvenation efforts and the nearby fast-growing Novena medical hub. A spate of new projects has enlivened the area, while new amenities have been injected with the completion of the integrated hotel-park complex comprising Zhongshan Mall, Zhongshan Park, and the Days and Ramada hotels. Hotels and home fixture shops might dot its streets, but the area still retains its charm with the preservation of art deco shophouses dating back to the 1930s. But consultants said Balestier's location on the city's fringe is the main draw for investors, as expatriates on tight budgets are being forced out of the city centre. "Within close proximity of city areas such as Newton and Novena, Balestier provides a compelling sought-after alternative to potentia...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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