99yrs Leasehold, New Launch S$3,970,000 Land 2194sqft - Landed
★★★ VICTORIA PARK VILLAS ★★★
“The Crown of District 10”
Victoria Park Villas is 99-years prestigious landed development at Coronation Road by CapitaLand Limited that offers 109 units (106 semi-detached houses and 3 bungalows), some with private pools. The development near Farrer MRT Station and Tan Kah Kee MRT Station. Development is expected to complete in Apr 2018.
*** 65% sold, remaining last 31 units starting from $3.9xmil up. Attractive reduced pricing! ***
✔ Developer: Capitaland
✔ Total 109units (106 semi-detached houses and 3 bungalows) – 2-storey with Attic & Basement
✔ Type: Landed Housing (Prime District 10)
✔ Unit Type: 5 & 6-Bedroom, All Ensuites
✔ Tenure: 99years leasehold w.e.f 23 Sep 2013
✔ Expected T.O.P: Dec 2018 (or earlier end 2017)
✔ Site Area: 37,440.7sqm (403,008sqft)
✔ Schools: Hwa Chong Institution and Nanyang Primary School (Less than 500m based on Onemap.sg)
✔ Home Lift to All Levels
✔ Exclusively 10units with private pool
✔ Besides GCB landed enclave
✔ Surrounded by reputable schools, most sought after plot of land with 12 tender bids.
☏ Kindly contact Appointed Marketing Agency ERA Hyde Ng at 8222 3338 for registration of interest and more information.
#victoriaparkvillas #district10 #coronationroad #capitaland #landedhousing #hwachong #nanyangpri #tankahkeemrt #iLoveERAProjects
From Tan Kah Kee MRT Exits A or B (very convenient):
A: Coronation Plaza, Crown Centre, Hwa Chong Institution, King’s Arcade
B: Nanyang Girls’ High School, National Junior College, Raffles Girls’ Primary School
The tender for a huge landed housing plot located in Coronation Road ended yesterday after a total of 12 developers joining the fray.
CapitaLand’s Athens Residential Development emerged as the top bidder, putting up $366 million for the 37,441 sq m site, translating to a price of $908 per sq ft (psf) per plot ratio (ppr). The second highest bid was 17% lower, at $313.3 million or $777 psf ppr, by Far East Organization. The lowest bid was at $163.1 million, working to about $405 psf ppr. Other bidders included Chip Eng Seng, City Developments and Wing Tai Holdings.
This plot of land is under the Government Land Sales (GLS) programme, and is a 99-year leasehold site. Its size could yield as many as 140 landed homes. Analysts attribute the strong demand to the rare offer of large land, as well as its prime location in District 10, situated beside to a Good Class Bungalow zone. It is also close to elite schools such as Nanyang Primary and Hwa Chong Institution.
Developers are bullish over demand for landed homes as their prices have outstripped those of non-landed properties. For Q1 this year, prices of landed properties were 87% above the trough in 2009. Comparatively, prices of non-landed properties were just 53% above the trough in 2009.
Recent transactions for freehold and 999-year leasehold landed homes around Coronation Road had prices of $1,280 to $1,830 psf, but analysts say that if the site is awarded to CapitaLand, the project may be launched around at $1,600 psf to $2,000 psf.
The results of the tender will be announced later by the Urban Redevelopment Authority, though the top bidder usually has a good chance of being awarded.
CapitaLand plans to use the site to build a mixture of semi-detached houses and bungalows that will be ready for launch in the second quarter of next year
☏ Kindly contact Appointed Marketing Agency ERA Hyde at 8222 3338 for registration of interest and more information.