Artra Condo News

7 New Developments in 2016

Shared on 25 Dec 2016, 03:39AM
This year, a slew of new residential projects are set to launch, and therefore are likely to attract keen interest from home buyers. Some sites to watch out for are:

1) Siglap Road

The 1.93ha website at Siglap Road was awarded to a consortium headed by Frasers Centrepoint for $624.18 thousand in Jan 2016. The purchase price calculates to about $858 psf per piece ratio. Neighborhood conveniences include shopping centres, the potential Siglap MRT stop and schools. The 99-year leasehold website is expected to give about 840 units.

Home developer Chip Eng Seng gained the tender for the 2.4ha site at New Upper Changi Road in Feb 2016 after submitting the highest bid of $419.38 zillion, or $761 psf on the gross floor area. The 99-year leasehold plot is close to Changi Business Park, the Tanah Merah MRT station as well as the Singapore University of Design and Technology. It might yield up to 724 units.

The Canopy, a 505-unit condo in Clementi Avenue 1 where UOL possesses a 50 percent stake, is anticipated to start in the first quarter of 2017. The 1.3ha site was given for $302.1 million ($615 psf per plot ratio) in Dec 2015.

The 0.8ha development in Alexandra View was sold to Tang City Holdings in Nov 2015 for $376.88 million. The cost works out to roughly $851 psf per piece ratio. Found next to MRT station, the 99-yr leasehold site might give about 400 housing units. A few shopping centers and universities are also within the neighbourhood. The name of the development is Artra condo

Qingjian Realty was given the 1.5ha site at Bukit Batok West Avenue 6 in May 2016 after it submitted the top bid of $301.16 million. The cost translates to about $635 psf per plot ratio. Here is the Oriental first blended-use development in Singapore, also it could assemble about 370 condominium units around the 99-year leasehold site. Nearby conveniences range from Western Mall, the Bukit Batok MRT stop, schools and also a polyclinic.

6) Martin Place

The 99-year leasehold site at Martin Place in River Valley was marketed to GuocoLand in July 2016 for $595.1 thousand ($1,239 psf per piece ratio). The 1.6 ha site could possibly afford about 445 units. The potential Fantastic World MRT station and residential projects that were lots of, including Martin 38 and Martin Place Homes are located nearby.

7) Fernvale Road

A consortium containing Sing Development and Wee Hur Development won the 1.7 ha residential site in Sept 2016 after posting the highest bid of $287.1 million, or $517 psf per plot ratio. The 99-yr leasehold site in Seng kang may give 605 housing units. It's close eateries along The Seletar Mall as well as Jalan Kayu, to the LRT station.