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Award of Tender for the Commercial and Residential site at Sengkang Central

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SengKang Central

Breaking recent news is an announcement by the Urban Redevelopment Authority-URA that two companies have been awarded the tender for a commercial and residential site at Sengkang Central, Singapore. The two, City Developments Ltd-CDL and CapitaLand managed to beat their other two shortlisted counterparts to bag the winning bid prized at $777.8 Million which translates to $923.6 per square foot per plot ratio- (psf ppr). These companies are now gearing to set base on the 3.7 hectares of land which holds the title for the largest commercial and residential tender ever won since 2015.

Background history of the winning tenderers

The City developments Ltd was founded on September 7th, 1963 and in 1965 the company finished its first 200 housing unit project. From then on, the company continues to break new boundaries in its quest to acquire, develop and sell property.

On the other hand, one of Singapore’s most profound development companies is CapitaLand. With an unbeaten record and enviable portfolio, CapitaLand has built, serviced apartments, malls, homes, and offices spread across 150 cities in over 30 countries throughout the world. The company’s main works can be seen mainly in China and Singapore and slowly exploring other prime areas like Vietnam and Indonesia.

This joint venture aims at developing the awarded land into a one-stop shop with a total of 700 apartments, retail shops, hawker center, childcare areas, public rail and bus stop, and three floors housing the community club. The two companies intend to have this mega project completed by 2022.

Tender details

The Sengkang Central tender project was unveiled on December 28th, 2017 and later closed June 21st, 2018. Seven concept proposals were forwarded by six companies with one of the companies forwarding two concept proposals. All participants were asked to present their tender prices in one envelope and the concept proposal in a different envelope.

At the shortlisting stage, the envelopes of the four successful contenders bearing the tender prices were opened. Thereafter the tenderer with the highest bid was awarded the rights to work on the project in question.

The project is considered prime owing to its favorable proximity to other Major sites in Singapore. For instance, the proposed community project will be located only 20 minutes away from the Central business district if you are driving and 25 minutes from the Dhoby Ghaut MRT Station.

Details regarding Concept Proposals

The Concept Evaluation Committee-CEC gave all six companies a chance to present their tenders before them. Thereafter, the CEC concluded that only four proposals were viable and were in line with all the requirements. The four shortlisted candidates included;

1. The winners, City development Ltd and CapitaLand who set their bid at $777.8 Million
2. Perennial Singapore and Qingjian Realty who proposed a bid of close to $682 Million
3. Singapore Press Holdings and Kajima Development who proposed their bid at $636.39 million
4. Wing Tai Holdings and Keppel Land bidding at $608.9 Million

In their proposals, the successful tenderers carefully demonstrated their building designs and layouts. They explained further how they would effectively cater to a large number of people who would regularly frequent the place. The winning proposal provided commendable solutions such as beautiful landscapes, pedestrian-friendly areas which would prove necessary in public places on the ground and first floors. They included well-designed spaces aimed at holding events and other types of gatherings.

Sengkang Park

Brief History of Sengkang

Sengkang Central was originally a fishing village known as Kangkar. In the mid-20th century, Sengkang was covered in numerous pepper, rubber and pineapple plantations. It was until 1994 when efforts began to turn the small town into a largely residential area. It was therefore divided into seven subzones which continue to undergo development to date. The first apartment building commonly known as a flat was built in 1997 in the Riverdale subzone. Now, there are numerous flats with over 65, 981 housing units in the whole of Sengkang. In a bid to turn it into a residential town, the Housing Development Board continues to approve numerous projects. Sengkang is located on the Northeast parts of Singapore and sits on prime fertile land, what with river Sungei Punggol and river Sungei Serragon, SengKang boasts of beautiful landscapes and vast greenery. The town has a population of over 232,100 people and sits on 22,000 Kilometers of land. The small town has a robust transport system that features private means, bus and the most preferred is the modern rail transport system.

South Beach Residences is about to boom, here’s why.

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Back in 2016 when South Beach Residences TOP and launched its preview, the hyped up Luxury Condominium halted sales and preferred a vacant period to selling off to the hype. Citing reasons, “Sometime in 2014, CDL, South Beach Residences’ developer, turned down an offer of $26 million for one of its penthouses citing imperfect timing to launch the project. It did not wish to sell any unit until market conditions were suitable.”

This quarter of 2018, CDL reannounced plans to put South Beach Residences back to the market, suggesting that the market is right and primed for real estate. This could potentially mean the property outlook is strong for the next few years and while prices are rising, it is a great opportunity to spring into the first wave of purchases before prices skyrocket due to market speculation.

South Beach Interior

What is South Beach Residences all about?

South Beach is the epitome of the definition of an integrated development. Situated right in the heart of the most happening and busiest district of Singapore, the development will consist of 5 Star Hotel, upscale Grade A Offices, Luxury Retail, Ballrooms, Business Centres and restaurants. South Beach Residences gives the opportunity to own an ultra-luxury residential unit in this mega-development. Jointly developed by City Developments Limited and IOI Group, South Beach is located next to the Esplanade MRT and City Hall MRT and within Downtown.

The Condo itself includes about 500,000 sq feet of office space, 190 apartments, a 654-room hotel, about 37,000 sq ft of retail space and a 29,000 sq ft private club. You can guess why it attracted an excited crowd especially investors from around the region. Everyone wants to get a foot into this prime condominium since its becoming of an integrated resort-like development like the previously acclaimed Marina Bay Sands.

Property boom in 2018

Previously mentioned, we expect the real estate market to go nuts in 2018. This is in line with what we observe thus far: More and more new condo launches with up to 6,000 residential units up for grabs in Singapore. “This year, 18 private residential projects with an estimated 6,000 units were launched for sale, says Ong Teck Hui, JLL national director of research. He foresees about 20 projects being launched next year, yielding 8,000 to 9,000 units. Ong’s forecast for new home sales in 2018 is 11,000 to 12,000 units.” Up from 11,000 projected sales in 2017, this is roughly an 8.3% increase in projected sales. In fact, there has been a 38% increase in sales as we moved from April to May. No wonder South Beach Residences has always been ready for this moment – they wanted prospect buyers who are able to an ultra-luxury development like this!

JW-Marriot-Hotel

What makes South Beach Residences so attractive?

Being an all-integrated mega development (the 29,000 sqft private club makes it crazy alone!), here are the main reasons why South Beach Residences is so attractive:

  1. Iconic Architecture
  2. Surrounded by Iconic Buildings and Monuments
  3. Ultimate Convenience – Dining, Retails, Drinking, Clubbing under 1 Development
  4. Access 3 MRT Lines via underground walkways
  5. Spectacular Views
  6. Destination in its own right
  7. Truly the “One-In-A-Million” Development, made for the wealthy

To quote from the developer:

“Fine craftsmanship. Thoughtful finishing. South Beach Residences caters to the most discerning. Each unit is furnished with quality appliances and fittings from leading international brands such as Miele, Duravit and Keuco, infusing every unit with a sense of modernity and timelessness. Exquisitely designed, these homes set the benchmark for urban luxury.”

South Beach Residences CDL Developer

Since South Beach Residences is developed beside the CBD, the site itself is fantastic. Get views of the sea, Singapore CBD skyline and the Marina Bay reservoir area all under 1 roof with a good bird’s eye view of the city landscape. Furthermore, the condo is rich in heritage too – The south-west face will open onto the War Memorial Park which houses the Civilian War Memorial monument. This is one of Singapore’s most famous heritage landmarks (completed and unveiled in 1967). It is highly unlikely this site will ever be redeveloped anywhere in the near future. Beyond that is the Padang and Esplanade Park which are open greenery space. This will probably be where the prime stacks will be facing as this frontage offers the best-unbridled view of the CBD skyline and the Marina Bay area.

A Luxury Development alongside Positive Real Estate Outlook

In Mathematics, you learn that two positives create a greater output. And here’s the situation developing for South Beach Residences. On one hand, a highly reputable development with incredible amenities, prime location, and one of the best views in the city. On the other hand, a property outlook that looks like it’s ready to charge into a bullish movement anytime. Which is why we think that South Beach Residences is set to boom for 2018.

In case you were wondering, the unit sizes are atypical of Singapore housing – they are fairly huge (Of course with a greater price to pay):

Unit types: 

  • 88, 2-bedrooms (968 – 1647 sqft)
  • 61, 3-bedrooms (1,733 – 2,260 sqft)
  • 35, 4-bedrooms (2,282 – 2,627 sqft)
  • 3, 3-bedroom penthouse (3,581 – 5,048 sqft)
  • 2, 4-bedroom penthouse (4,127 – 5,629 sqft)
  • 1, 5-bedroom penthouse (5,768 sqft)

The current prices psf are not officially released yet, and we advise interested buyers to contact us to get an early preview during the relaunch, together with any E-brochures disbursement.

How the surrounding area – South Beach Avenue – makes the development even better

Enough about the Condo, let us take a quick dive into what makes the area so special.

South Beach Residences is located right at 38 Beach Road, surrounding South Beach Avenue. South Beach Avenue spans 32,000 sqft located within the basement, street level and conservation heritage buildings, South Beach Avenue has attracted many crowds from the Civic District. With direct connections to Esplanade MRT station and City Hall MRT interchange, many can now seamlessly enjoy convenient access to dining establishments and drinking experiences in South Beach Avenues’ expansive and generous spaces and exquisite.

For the foodie, South Beach Singapore is home to 16 dining and lifestyle concepts, including more than 10 restaurants, cafes and drinking places. You’ll never get to miss a day without a drink or two (Or a good night out!)

So be ready to enjoy your lifestyle when you finally decide to be a resident of South Beach Residences!

South Beach Residences by CDL

Finally, how to find out more about South Beach Residences?

Learn more about the project details and the Condo itself when you visit our main page at https://southbeachresidences-official.sg. For those who want to get a more personalized touch and an experienced consultant to understand and help you plan for the best suitable units for your purchase, then simply drop us an enquiry email at here.

References:

  1. https://www.propertyguru.com.sg/new-project-launch/reviews/south-beach-residences-upcoming-project-preview-128703
  2. https://sg.finance.yahoo.com/news/residential-outlook-2018-000000223.html

Affinity @ Serangoon: New Launch and Preview

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Affinity @ Serangoon @ Serangoon North Estate and Serangoon Gardens (Formerly Serangoon Ville, Enbloc)

Source: http://affinityatserangoonville.sg/

Affinity @ Serangoon, an upcoming residential area at Serangoon North, located in the northeastern part of Singapore was successfully acquired by Oxley Holdings for S$499 million. (See: Former HUDC estate Serangoon Ville sold en bloc for $499 million) The old Serangoon Ville enbloc is a 244 unit development features three blocks of 13-storey and four blocks of four-storey walk-up apartments.

The Oxley-led CONSORTIUM includes Oxley that takes up a 40 percent stake in the consortium; the balance is equally split among Lian Beng Group, Unique Invesco Pte Ltd and Apricot Capital. Unique Invesco is a 37.5 percent indirect associate of KSH Holdings; Apricot is the private investment firm of Super Group’s Teo family. The consortium also has to pay $195 million in estimated charges to top up the lease to 99 years and intensify the land use.

Each unit is expected to receive between S$2 million from the sale, higher than the previously estimated S$1.6 million to S$1.7 million, ERA said. The estate had 69 years left on its lease.

Oxley Holdings Limited

Information on Enbloc of Serangoon Ville that will transform into Affinity @ Serangoon.

In July 25th, 2017, the tender was closed and a total of 5 competitive bids were received with prices well above the owners’ asking price. More than 80 percent of the owners agreed for an en bloc sale, which resulted in the property to put up for sale. After the sale is completed successfully, and conditions met, each owner will receive about S$2 million for their property. As usual, before the project launch announcement, it has to undergo some pending government paperwork and clearance from the authorities for a full go-ahead. As of now, Oxley Holdings has officially announced the name to be Affinity @ Serangoon. This new Condo launch in Singapore is expected to build great hype and excitement since it is located in a premium matured estate.

Since the CONSORTIUM leading this project is a major player in the industry, there is hardly an occasion when an obstacle has stopped or delayed a project as massive as this. Affinity @ Serangoon will be built with the family in mind and will consist of approximately 1052 units, with strata landed and 5 commercial shops. Featuring units with a variety of 1br to family-sized units, most of the units will be north-south facing and enjoy convenience and amenities in Serangoon North mature estate.

According to sources, this new development of the Affinity @ Serangoon condo is calculated to feature a land rate of $835 per sq ft per plot ratio. Oxley has been famous for developing luxurious condos and units for residential purposes and it is highly likely that this project will also be fully developed for a luxurious unit, resembling most of Oxley’s significant projects.

Short History of Serangoon North Estate where Affinity @ Serangoon is located.

Nex Shopping Centre

Serangoon Gardens was formerly a residential estate for the British (and some Australian and New Zealand) soldiers and airmen, where some of them were based in the nearby RAF (Royal Air Force) Chia Keng Camp, until the early seventies.

The name Serangoon is likely to be derived from burong ranggoon, referring to a species of black and white stork that lives around Sungei Serangoon (formerly called Rangoon River). Satu, or one in Malay, was added to the name, thus becoming Saranggoon. This name was used for a long period of time before it eventually evolved to Serangoon. During the Japanese Occupation, large plots of flower farms were cultivated in this region, leading to the naming of the estate as Serangoon Gardens.

URA Masterplan For Developing Serangoon Where Affinity @ Serangoon is

The site is within URA’s Serangoon Planning area. Comparative developments in the area include Kensington Park, Affinity @ Serangoon by Oxley Holdings. Slightly further to the East will be Terrasse. There has been a drought for new condominium launches in the estate and so Affinity @ Serangoon will together with Keppel and Wingtai The Garden Residences will rejuvenate and revitalise the entire area and neighbourhood, the value of the estate will be raised and tremendous amounts of activities and vitality will be injected into the estate.

URA Masterplan Serangoon

Important Breakdown and Preview of Affinity @ Serangoon

Let’s look at the compelling reasons to select Affinity @ Serangoon as your investment property and choice. Our developer team has a breakdown and you may refer to Affinity @ Serangoon Prices here.

  • Good Roads and Transport Connectivity
  • Nearby Good Local and International School
  • Centralized Location and Minutes to Town, Harbourfront, Central Business District and also South Marina Bay
  • Near to Amenities such as NEX and Food Haunts such as Chomp Chomp Food Centre.
  • Strong Tenant Base with expected expatriate demand from Lycee Francais de Singapour
  • Strong Tenant Base from Surrounding Business Parks such as Amk Industrial Park and Serangoon North Industrial Estate
  • Great for Families looking for a home near good schools and strong amenities
  • Luxurious Living and Fittings

Hype and Launch of Affinity @ Serangoon: What’s Next?

Since the official launch of Development name, Affinity @ Serangoon was just announced on 15th May 2018, we expect a hype build up as we continue to provide the latest news and updates. More importantly, the E-brochures, floor plans, and site plan will be crucial to determining the value of this Condominium at Serangoon North.

It is important to note that former HUDC estates, which tend to be huge under-built swathes of land, have featured strongly in this year’s list of awarded collective sales, with successful developers hoping to intensify the number of units by three to five times the existing capacity. This includes estates like Affinity @ Serangoon, and Riverfront Residence (formerly Rio Casa Enbloc).

If you would like to follow up on the updates of Affinity @ Serangoon, we highly recommend that you refer to the official site source here: https://affinityatserangoonville.sg. Early preview usually means you get access to early information that can help with decision making on the purchase of Condominiums in Singapore. Subsequently, you should base your decision on the floor plan layout and sizes – PSFs are important but the layout is equally important, so be sure to make informed decisions and do your due diligence before any purchase!

Everything you need to know about Park Colonial

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About Park Colonial

Park Colonial Logo

Park Colonial is a high rise luxury condominium with a total of about 734 units located behind Avon Park. It will be developed by CEL Unique Development Pte Ltd, which is a consortium of Chip Eng Seng Corp, Heeton Holdings and KSH Holdings.

It is situated along 309 Upper Serangoon Road and Woodleigh Lane, with close proximity to Woodleigh MRT Station in Singapore. There are an estimated of 734 units with the price determine to be between S$1700 to S$1800 psf.

Harbour View Gardens Location Map

The development will consist of investible sizes and also family friendly sizes. All the units will be designed with thought for space, comfort, and luxury living. The 2br units will have a choice between compact and with study units. The 3br will have a compact and grand model. There will be no 1br units, making the development truly one for the family, quality investor, and enjoying good demographic trend in the development.

One main attraction of the Condominium is that is located as part of the Bidadari Estate. This will attract high rental demand and a good capital gain over the next 10 years.

Bidadari is also connected and convenient because of the North East (Purple) and Circle (Yellow) Line. URA has termed Bidadari as a “Community Within a Garden”, and picturesque landscape and open greenery will be very much expected. Bidadari is will be a beautiful, urban oasis where all can seek calm, rest, and build a family.

About Developer

Park Colonial Condo is developed by CEL Unique Development Pte Ltd, a joint venture between CEL Development, Chip Eng Seng Corp, Heeton Singapore, and KSH Holdings Limited. The individual developers are very experienced with years in the realtor industry.

“Since 2000, CEL has been actively acquiring sites for property development and investment. These developments include residential, commercial and industrial properties. The current portfolio of CEL includes mid-market and high-end prime properties.

CEL believes in growth through partnerships. It has established joint ventures with reputable foreign funds such as Lehman Brothers Real Estate Partner II and Citadel Equity Fund Ltd. CEL has also teamed with local partners like NTUC Choice Homes Co-operative Ltd and Keppel Land Limited on several highly successful property projects.”

Hence, this condominium is in good hands and foreseeable good and quality development.

Park Colonial Woodleigh Land Parcel Site

Top 10 Reasons Why Park Colonial Is A Good Choice

Here is why Park Colonial is a good choice for investment or family home:

  1. Minutes to CBD and City
  2. Along Upper Serangoon Road
  3. Near Potong Pasir Mature Estate
  4. Plenty of Amenities and Shopping Choice
  5. Along NEL and 1 stop to NEX Serangoon Circle Line
  6. Near Good Schools
  7. Good Capital Appreciation from Bidadari Rejuvenation
  8. Upcoming Poiz and Woodleigh Mall
  9. Potentially high rental demand
  10. Minutes to CTE and PIE

To see more on the detailed reason of why Park Colonial could be your top choice, do refer here: https://parkcolonial-official.sg/project-details/

Also note that Park Colonial will be one of the newest launch condominium in Singapore in March 2018, so hype and popularity will certainly build up.

Access To Press Release and Preview

Gain access to the latest news and updates by Park Colonial. Register at the official site (see link above) to find out more and be part of the early preview residents.

6 Reasons Why Harbour View Gardens is the Perfect Enbloc Condo To Invest In

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Harbour View Gardens is a freehold condo situated along Pasir Panjang Road. It will have direct connectivity to West Coast Highway and within walking distance to Haw Par Villa. Previously, it has gone through a series of tender before being successfully tendered by Roxy-Pacific at a bid of S$33.25m.

The site is within URA’s Queenstown Planning area. Comparative developments in the area includes The Orient, The Verandah Residences, One Residences. Nearby developments includes Icon@Pasir Panjang, Viva Vista, and Parc Imperial.

[See more Harbour View Gardens Project Details]

This leads to the top 6 reasons why this condo Enbloc will be worth a look:

Reasons to invest in Harbour View Gardens

1. Excellent Connectivity via West Coast Highway and AYE

Having a strong transport connectivity in terms of public road networks and MRT stations distance, residents living in Harbour View Gardens will enjoy seamless connectivity to the city and business nodes.

This means it offers the convenience in a congested city like Singapore, and going to work will be a breeze.

2. Walk to Haw Par Villa MRT Station

The close proximity to Haw Par Villa (and even Pasir Panjang MRT Station) means you can easily walk and get access to public transport.

From Haw Par Villa MRT, you are:

  • 4 Stops to Harbour Front MRT
  • 6 Stops to Jurong Lake District
  • 5 Stops away to Sentosa Island
  • 2 Stops Away to MapleTree Business City
  • 10 Stops to Orchard
  • 6 Stops to CDB/Marina

Forget driving when you are so close to the main attractions and CBD of Singapore.

Harbour View Gardens Location Map

3. Near Prestigious Schools and Education Hub such as NUS/NUH

If you are looking to get an ideal location for your children, Harbour View Gardens Singapore could be perfect for you.

NUHS as an Academic Health System will improve the health of our community through better and more cost-effective care, nurturing the next generation of healthcare professionals, world class research and empowering people to take ownership of their health.

The prestigious schools nearby provides a merit education journey for your children, so you don’t have to go far or worry about long distance commuting to schools.

4. Centralized Location and Minutes to Orchard Road, Vivocity, CBD and Marina Bay.

If you are one for shopping and visiting Singapore scenic attractions, you are in for a treat.

Harbour View Gardens is situated along Pasir Panjang Road and is one of the centralized location within Singapore. With such an location, you can travel to metro shopping areas with ease.

VivoCity

5. Strong Tenant Base from Surrounding Business Parks

Harbour View Gardens is near important hubs that is part of Singapore’s URA Masterplan for business sectors. They include One-North, HarbourFront Precinct, Alexandra Precinct, Fusionopolis, and Holland Village.

One of the noteworthy hubs, the Mapletree Business City, is a Grade-A integrated business Hub, modernised and revitalised the precinct. The total GFA Gross Floor Area is almost two million sqft.

  • MBC will have the ARC aka Alexandra Retail Centre, it is a 3-storey shopping and convenience mall that will add 89,000sqft of retail space and 75 retail shops made up of a mix of restaurants, café, supermarket and banking facilities.
  • The next and final stage of rejuvenation will see Mapletree transform The Comtech into the second phase of MBC, MBC II. MBC II will complement the existing state-of-the-art business facilities at MBC with new elements such as a sunk-in amphitheatre that rest in the middle of a lush green landscape, blending harmoniously with the nature parks located in the area. It will also feature innovative and adaptive space solutions, which will be supported by retail and F&B options. MBC II will also be home to Singapore’s tallest business park at 30 storeys. The completion of MBC II (expected in 2016) will reinforce MBC as a first-rate business park concept, further underpinning the development’s place as the centrepiece of Alexandra Precinct.

6. Freehold land in land-sparse Singapore

With Singapore getting more cramped and land-sparse, it is rare to find freehold units. Most offer 30 years now which is not ideal for both investing and living.

Harbour View Gardens will be a rare find amidst our real estate landscape, and be sure to keep track of this development to find out how it progresses.

Register your interest: https://harbourviewgardens.com.sg/contact-us

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