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First EC site in Tengah awarded for $400.32 million in new record

First EC site in Tengah awarded for $400.32 million in new record

The executive condominium project sits in Tengah’s Garden district, one of five planned for the estate. PHOTO: HDB

SINGAPORE – The first executive condominium (EC) site in the “forest town” Tengah has been awarded to Taurus Properties SG for $400,318,000, the Housing Board announced on Thursday (June 3).

This translates to $603 per square foot per plot ratio (psf ppr) for the 99-year leasehold site – a record land rate for an EC site under the government land sales (GLS) programme.

The bid smashed the previous record of $583 psf ppr garnered by the Sumang Walk EC site in Punggol, which was awarded in March 2018, noted PropNex head of research and content Wong Siew Ying.

It is also higher than the $576 psf ppr achieved for the EC site in Yishun Avenue 9 that was awarded last November, she added.

“We anticipate that the potential selling price of the new Tengah EC could hover around $1,190 to $1,250 psf,” said Ms Wong, noting that the site’s proximity to the Jurong Innovation District may attract home buyers to the project.

Located in Tengah Garden Walk – a road that has yet to be built – the site is around 22,020 sq m and has a maximum gross floor area of 61,659 sq m.

It is within walking distance of three MRT stations on the future Jurong Region Line and also close to Tengah’s future car-free town centre.

Taurus Properties SG, a wholly-owned subsidiary of City Developments Limited and joint venture partner MCL Land, said it would develop around 620 residential units in total with generous landscaping.

These units will be spread across 12 blocks of up to 14 storeys each, it added.

Proposed future developments in the vicinity include a bus interchange, sports centre, community club and a polyclinic.

In addition, there are 12 plots of land zoned for education institutions within Tengah, and all are within 2km of the EC site.

Existing primary schools within a 2km radius include Shuqun Primary School and Princess Elizabeth Primary School.

CDL group chief executive Sherman Kwek said the masterplan to develop Tengah into a smart and sustainable town is exciting.

“Currently, the demand for ECs remains extremely strong and this augurs well for the development. We are honoured by the opportunity to develop the first EC in this locale and to transform this expansive site into an attractive and high quality project that future homeowners would be proud of,” he said.

The tender, which was launched for sale last November, drew seven bids, including offers from CSC Land Group and a combined offer from Hoi Hup Realty and Sunway Developments.

The EC project sits in Tengah’s Garden district, one of five planned for the estate.

Tengah is expected to house about 42,000 new homes when fully developed. So far, a total of 11 Build-To-Order (BTO) projects have been launched, with the most recent in the May sales exercise.

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Lentor Modern

Lentor Modern comprises three 25-storey towers with 605 residential units of 1 to 4 bedroom apartments, and a sky terrace in each tower. The shopping mall will offer more than 96,000 sqft with a wide selection of retail and F&B options, including cafes, restaurants, clinics, childcare facilities and a 12,000 sqft supermarket.

Guocoland is the leading developer in integrated mixed-use development. The Group has a stellar track record in developing large-scale, integrated mixed-use developments and high-end quality residential developments.

The Group’s flagship Guoco Tower is “Vertical City” with Grade A office space, luxury residences, six storeys of retail and dining options, a five-star business hotel and an urban park directly above the Tanjong Pagar MRT station.

The upcoming Guoco Midtown, build above Bugis MRT Interchange Station, will transform the Beach Road – Bugis district with its 30 storeys Grade A office tower, three retail clusters, 30 thematic gardens and landscape areas, as well as two high-end condominiums.

GuocoLand’s Lentor Modern will bring a refreshing transformation to the Lentor neighbourhood and it will enjoy first mover’s advantage for future developments in this new township.

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Nim Collection

NIM COLLECTION

Nim Collection – Strata Landed Development by Bukit Sembawang

Nim Collection is a new luxury landed development that is well positioned in District 28 along Ang Mo Kio Avenue 5 via Nim Road and Nim Rise. With various configuration and sizes available, there will be a configuration and layout that suits you and your family. It allows for multi-generational living under one roof. TOP is expected to be in the year 2021.

This project from Bukit Sembawang, also the developer for Watercove is located right in the heart of Ang Mo Kio, in District 28 near shopping centres like The Seletar Mall and Greenwich V Shopping Centre. With a prime location like this, living is not only comfortable physically, but financially too. This 99-years leasehold development is certainly something to keep an eye out for with the exclusive and serene lifestyle you’ve been missing.

NIM COLLECTION is a new luxury landed development that is well positioned in District 28 along Ang Mo Kio Avenue 5 via Nim Road and Nim Rise.

Nim Collection 81005888

Located along Ang Mo Kio Ave 5, this is an upcoming new launch of 98 landed houses by Bukit Sembawang Estates.

PROPERTY INFO‏

Number of Units : 98

Tenure : 99 years leasehold

TOP : 2021

UNIT CONFIGURATION

  1. Intermediate Terrace : Land: 1,615 – 2,124 sqft; Built-up: 4,252 – 4,790 sqft

  2. Corner Terrace: Land: 2,166 – 4,100 sqft; Built-up: 4,198 – 4,532 sqft

  3. Semi-Detached House : Land: >3,000 sqft; Built-up: >5,100 sqft

Latest Developer Launch

Bukit Sembawang has certainly made a name for itself with the estates that it sells. In fact, it just recently sold a minimum of 18 units of its sea-facing terraces at Watercove for $2.3 million.

Overall, Watercove is composed of 80 strata terrace houses along Wak Hasan Drive, which is located in Sembawang. It was launched on July 8th and already had good number of sales, with an average price per square foot of $738. Of course, the demand is understandable thanks to the beautiful seafront location with units from 3,200 to 4,400 square feet.

 

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Watercove

watercove

WATERCOVE

Watercove – Seafront living homes by the park

Watercove – Located next to the tranquil Sembawang Park, Watercove Ville will take your breath away with its views of the majestic ocean horizon. This luxury freehold development comprises of 80 strata houses with a basement carpark and clubhouse facilities. There’s also a pool of eateries, schools, country clubs and other amenities just minutes from your residence.

Pleasantly detached from the din of city life is a beautiful, restful enclave right next to the sea. Watercove Ville is an elite resort-style residential complex, perched on the northern shore of the island. It’s within the verdant neighborhood of Sembawang Park, and has a stunning vista of the Straits of Johor.

This new enterprise is a freehold property by Bukit Sembawang Estates Limited, a leader in Singapore’s real estate industry. Bukit Sembawang Estates has a track record of producing superior residences and some of the most elegant upmarket properties in the island city; you can trust that Watercove Ville is surely an expression of quality and sophistication.

watercove

It’s an exclusive community reserved for those who won’t settle for anything less than the best in life. The development brings forth a selection of dazzling semi-detached terraced homes that embody the ultimate comfort culture. To give you an extra special treat, the site also comes complete with lifestyle offerings found at topnotch beach resorts, including a swimming pool, a clubhouse, and other luxuries.

Living at Watercove Ville is like having an endless summer retreat at a tropical paradise. You can begin each day reveling in the sun-kissed ambiance, and open your windows to look out into the shimmering blue waters. Let the soothing cadence of theundulating waves lull you to sleep at the end of each day, as you admire an unobstructed view of the starry night sky. It’s a lifestyle of extreme contentment and leisure – one that you can’t experience anywhere else in Singapore.

WATERCOVE INFORMATION

PROJECT NAME : WATERCOVE
ADDRESS : Wak Hassan Drive, Singapore
TYPE : Strata Landed Housing
# OF UNITS : 80 Strata Houses
TENURE : Freehold – Estate in Fee Simple
BUYERS ELIGIBILITY : Singaporean Only
T.O.P DATE : 2nd Quarter of 2019
LAND SIZE : TBA
DEVELOPER : Sembawang Estates (Pte) Ltd
ARCHITECT : P & T Consultants Pte Ltd
BUILDER : V3 Construction Pte Ltd
UNIT MIX / SIZE (APPROX) :
47 Inter Terrace Houses with basement, seafront facing
29 Inter Terrace Houses with basement and an Attic
4 Semi-Detached houses with a basement

WATERCOVE LOCATION

watercove location

Located next to the tranquil Sembawang Park, Watercove will take your breath away with its views of the majestic ocean horizon. This luxury freehold development comprises of 80 strata houses with a basement carpark and clubhouse facilities. There’s also a pool of eateries, schools, country clubs and other amenities just minutes from your residence.

AMENITIES

Watercove is sufficiently distanced from the hustle and the bustle of the central metropolis, yet it isn’t at all isolated from all the comforts of city living. As a matter of fact, there are a lot of entertainment, dining and recreational destinations within the area. There are a lot shopping places where you can find an assortment of boutiques, supermarkets, banks and various eateries. Take a trip to Sembawang Mart, Sembawang Shopping Centre, Sun Plaza, or Canberra Shopping Centre for your leisure and retail needs. There’s also Chong Pang City in Yishun, which has restaurants, a food plaza, a wet market, a supermarket, clinics, and a number of shops.

    Type
    inter-terraceinter-terrace (seaview)Semi-D

    No of Properties Owned
    No PropertyOne PropertyTwo Property or More

    Register now for the latest updates! Do not miss this fabulous opportunity to own a home at WATERCOVE.

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