1C Evelyn Road Site sold for $18.25 million

1C Evelyn Road was sold for $18.25 million ($1,363 per plot ratio factoring incentive balcony GFA) to Evelyn Pte Ltd, a subsidiary of Victory Land Pte Ltd. Evelyn Newton is one of the promising development by the renowned Evelyn Pte Ltd at District 11 of Singapore.

The rare freehold residential site, which is centrally situated in prime District 11, has gained outline planning consent to be redeveloped into a luxury building of 25 apartments of about 100 square metres.

1C Evelyn Road Location

1C Evelyn Road is located on the outskirts of the area, only a short drive from the Orchard Road shopping belt and the Central Business District (CBD) through Scotts Road (CBD). Two MRT stations, Newton MRT and Novena MRT stations, are both within walking distance.

1C Evelyn Road is just a fast drive to Shangri-La, Marina Bay Sands, the Ritz-Carlton The St. Regis, and the Fullerton Hotel, as well as medical services including Thomson Medical Hospital and the forthcoming Health City Novena.

The land plot is just a seven-minute walk from Newton Food Centre, which caters to foodies. United Square, Goldhill Shopping Centre, Novena Square, Square 2, and Royal Square are only a few of the local shopping options.

1C Evelyn Road is well enclaved by low-rise developments and landed lands, according to Ms Fanny Cheng of Victory Land Pte Ltd. The well-heeled person or family who values the exclusivity of living in a freehold boutique development will be interested in this. 1C Evelyn Road is the location along Evelyn Road, dubbed “the Advent of Happiness and Good Fortune” in Chinese, represents good fortune.

“We can use the property’s high-rise qualities (up to 36 storeys) so that the lowest floor unit will be installed at least 10 metres above the ground,” said Ms Cheng, who was previously the Assistant General Manager of TEE Land. As a result of its high-rise characteristics, most homeowners will appreciate the bright and spacious views of the surrounding area. Furthermore, although it is just a short walk from the Orchard area, it is tucked away in a landed property enclave, providing the protection that sophisticated homeowners need. The units would have a north-south orientation and high-end finishes.”

Ms Cheng is well-known for her love of high-end finishes, having personally attended interior design trade shows and kitchen solution specialist factories in Italy, where she got her ideas and procured materials for the Singapore designs. In her former position at TEE Land, she had also led the construction planning of previous ventures such as Lattice One, 183 Longhaus, and 35 Gilstead, to name a few.