CategoryInvestment

The Sengkang Grand Residences is a residential condominium property in Sengkang Grand, which is comprised of apartments, retail shops, as well as community facilities, that include a chain of charming dining and on-the-go restaurants, a community club, and a day-care for children. All these facilities are exclusively available for Sengkang Grand Residences’ residents.

Sengkang Grand’s Residences are developed by a duo, which are two of Singapore’s best and most experienced real estate companies, it’s no doubt why this residential development will attract many people and most importantly, investors that seek the opportunity to invest in property development that is worthwhile.

The two real estate agencies include City Developments and CapitaLand Limited. Both agencies, share the goal to work together to transform and redesign the entire site, turning it into a unique architectural landmark development in Singapore. The project is designed with the purpose to combine a professional work element, along with an entertainment element.

The Sengkang Grand Residences Location

The condominium development is located in District 19, which is on the corner of Sengkang Central and Compass vale Bow and will be easily accessible from the closest stations in Buangkok (NE15), the Renjong Station, as well as the Ranggung LRT Station. It is additionally, also located right next to its closest MRT station, which will allow residents to have direct access to transportation amenities from the residential site.

With the project being currently under construction, a total of 682 units is expected to be erected.

The Buangkok station is also located on the North-East line, which leads to Serangoon, Clarke Quay, Doby Ghaut, Chinatown, Outram, as well as HarbourFront stations.

Apart from having a lifestyle center of its own, the property is located close to the NTUC Fairprice, and both the Giant compass vale Bow, along with the shopping mall. Other shopping malls located close to the property development include Compass Point Mall, Compass One Mall, Seletar Mall and Hougang Green Mall.

The Sengkang Grand Residences Unit Mix

With 682 units designed and constructed, these units range from one-bedroom to five-bedroom units, which listing prices may range from $1,450, 000 and its listing PSF, from $1,604,000.

Sizes are as follows:

• One-bedroom units – 424 – 474 square feet
• One + One-bedroom units – 517 square feet
• Two-bedroom units – 616 – 775 square feet
• Two + One-bedroom units – 775 – 861 square feet
• Three-bedroom units – 904 – 980 square feet
• Four-bedroom units – 1152 – 1173 square feet
• Five-bedroom units – 1302 square feet

Sengkang Grand Residences Closing

The Sengkang Grand Residences is regarded as a building extravaganza, which meets nature and all your daily perfect lifestyle needs, all located in one location. The developers themselves have also designed a specific payment arrangement plan, which includes deferred payment options, and even incorporates discounts to residents.

The Sengkang Grand Residences property development site’s individual, dual, and the entire residential development’s floor plans can be viewed on the website itself once released, for which a viewing can also be arranged once units are complete.

For more information, please refer to the original source at http://sengkanggrand-official.sg

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.

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.

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.

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.

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!