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EL Development to launch Pullman Residences Newton and open the flagship, five-star Pullman Singapore hotel on Hill Street

Posted by alvintay on October 17, 2019

Pullman Residences is a 95,442 sq ft freehold site is located just 150m from Newton MRT Station, which is an interchange station for both the North-South and Downtown Lines. It is also within the sought-after Dunearn Road-Bukit Timah residential enclave in prime District 11, which is near top schools such as Anglo-Chinese School (Primary), Hwa Chong Institution, Nanyang Primary School and Singapore Chinese Girls’ School.

Developer has secured Accor’s Pullman brand for the hotel site on Hill Street, EL Development turned its attention to the Dunearn Gardens site, which it purchased en bloc for $468 million in April last year. It was EL Development’s biggest en bloc purchase to date.

As EL Development prepares to roll out Pullman Residences Newton on the market, Developers considers it “a prequel” to the flagship Pullman Singapore hotel.

Although the Pullman Residences is not collocated with the Pullman Singapore, developer doesn’t see it as a drawback. “The concept is different from the usual hospitality-branded residences where investors want to put their units back into the hotel rental pool for rental income, and in return, they get to enjoy a certain number of room-nights a year,”

“Even Ritz-Carlton Residences in Singapore is in a separate location from the hotel,” he points out. “What Accor is more concerned about is the prestige of the location. They like the proximity of the Pullman Residences Newton to amenities and the fact that it’s in a prime district.”

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