Tag Archives: Landed Property

CDL, Hong Realty launch Haus@Serangoon Garden

Posted on 17 Jul 2012 | Comments Off on CDL, Hong Realty launch Haus@Serangoon Garden

City Developments Limited (CDL) and its joint venture partner Hong Realty Private Limited have jointly unveiled their latest development, Haus@Serangoon Garden, over the weekend.

Located at Serangoon Gardens, the estate will house a total of 97 terraced houses, including 18 corner and 79 intermediate.

Prices start from S$2.4 million for a 1,615-square foot land intermediate unit, and S$2.8 million for a 2,284-square foot land corner unit.

At the weekend preview, 28 out of 40 units launched in Phase I were sold.

In a statement issued on Tuesday, the developers said the profile of buyers comprised mainly professionals, with 75 per cent were aged 45 and above, while the rest were in their mid thirties to forties. About 40 per cent of the buyers already reside in the vicinity presently.

Haus@Serangoon Garden is the first landed housing estate in Singapore to win the Building and Construction Authority Green Mark Platinum award.

Designed with environmental sustainability as a key consideration, home owners stand to achieve up to 40 per cent utility savings for each typical terrace house.

Source CNA – 2012 Jul 17

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3 landed properties at Amber Rd up for sale by tender

Posted on 24 May 2012 | Comments Off on 3 landed properties at Amber Rd up for sale by tender

Three adjoining landed properties at Amber Road in the East Coast district have been put up for sale by tender.

Marketing agent Credo Real Estate said the three plots of land are owned by separate owners, who have consented to sell collectively in a joint tender exercise.

The freehold sites have a combined land area of approximately 28,400 square feet (sq ft).

Credo said the sellers are expecting offers in the region of S$73 million to S$80 million.

This reflects a land rate of about S$1,243 to S$1,318 per square foot per plot ratio (psf ppr) for redevelopment up to a gross plot ratio of 2.8 and after factoring an estimated development charge in the region of S$25 million.

Credo’s executive director, Yong Choon Fah, said the “entire plot may be redeveloped into a high-rise residential development of over 20 storeys with partial sea views”.

She added that the potential gross floor area of about 79,500 sq ft may accommodate some 75 apartments with an average size of 1,000 sq ft.

According to Ms Yong, these three plots at Amber Road are the last standing landed properties in the area, which is a well-known address for high-rise condominiums that have command views of the sea.

Ms Yong added: “District 15 has always been a traditional favourite amongst both foreign and local homebuyers due to its proximity to the airport, East Coast Park, reputable schools and established amenities at Parkway Parade and East Coast Road.”

The tender closes at 2.30pm on June 22.

Source : CNA – 2012 May 23

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