Tag Archives: Far East Organization

Far East launches condo with Ferrari design

Property developer Far East Organization yesterday launched a new ultra-luxury condominium development under its Inessence brand, releasing 30 of the 104 available units with prices starting from S$2.3 million.


Located at 1 Leonie Hill, Ferra is the first residential project in Asia to be conceptualised by Italian designer Paolo Pininfarina. It features a facade that closely resembles the signature supercars that he created. For instance, the balconies are designed to resemble the perforations in a Ferrari’s grilles.

“One of the trademarks of homes under our Inessence brand, is the signature design. Pininfarina’s unique design experience with luxury cars, products and interiors is brought to the fore in Ferra, with elements of the elegant silhouettes found in his designs integrated into a residential building,” said Chia Boon Kuah, Chief Operating Officer for Property Sales at Far East.

The 22-storey development is within proximity to Orchard Road and a short drive from prime areas such as the CBD and Marina Bay Sands.

“Ferra, like all our Inessence residences, fulfils the four brand attributes with Pininfarina’s exclusive design, the desirable District 9 address, configurable living space, and thoughtful design and services for home buyers. We believe that Ferra offers a strong proposition that will appeal to our target market,” added Chia.

Inessence was launched in 2010. Other projects under the brand include Boulevard Vue, Skyline@Orchard Boulevard and Alba.

Source : PropertyGury – 2 May 2013

URA grants provisional permission to several projects

The Urban Redevelopment Authority (URA) awarded provisional permission (PP) to several large projects in the second quarter, including two mega developments by M+S Pte Ltd, a tie-up between Temasek Holdings and Malaysia’s Khazanah Nasional.

In April, M+S received PP for a mixed development at Ophir/Rochor Roads, which will include 350 hotel rooms, 670 apartments, 4,650 sq m of retail space and 64,010 sq m of offices.

The consortium also received PP for its Marina One mega project at Marina Way/Straits View in May. The project comprises 1,006 apartments, 208,310 sq m of office space and 12,030 sq m of retail amenities.

A group led by GuocoLand also secured URA’s provisional approval for a mixed development located above Tanjong Pagar MRT station, which will feature offices, shops, apartments and hotel rooms.

Moreover, the URA awarded provisional approval to Seletar Mall Pte Ltd to build 17,840 sq m of shopping space at Sengkang West Avenue/Fernvale Road as well as PLC 8 Development to develop shopping facilities and multiple-user factory space at Lavender Street.

Sim Lian also secured PP for a retail-residential development at Jelebu/Petir Roads. Meanwhile, JTC Corporation and LTH Logistics Singapore have been awarded provisional permission for CleanTech Two and a warehouse development at Banyan Drive respectively.

ECO at Bedok South Avenue 3 by Far East Organization, Frasers Centrepoint and Sekisui House likewise clinched PP, along with Hoi Hup group for a project at Kovan/Simon Roads and SP Setia International for a condo development along Chestnut Avenue.

Mount V Development, a partnership between City Developments, Hong Leong Holdings and TID also earned PP for a condo project at Mount Vernon Road.

Source PropertyGuru – 2012 Jul 30