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ABOUT THE EN BLOC SALES
The freehold site of the Casa Contendere is sold to one of the leading developers in the country, the Tee Land. It was acquired at the price of $72 million or around $1,638 per square feet per plot ratio. A catchall price with a $15.1 million development charge, it was a win-win transaction.
The site of the former Casa Contendere is listed to yield about 70 residential units. The developer plans to build a majestic place where people can reside with excellent comfort. A haven that is ideal for every type of residents will be readily available for property-seekers.
The property has been included on under the collective sales. This site at 35 Gilstead Road has been a home to a low-rise 4-storey building which accommodates 11 maisonette units. It has been one of the iconic residential property in the area alongside its neighbour Gilstead Court and Buckley Classique.
Measure 37,972 square feet, the site has been one of the most sought along the list of collective land sale. The William Gan Realty has been said to broker the sale. An agreement of 11 options-to-purchase has been entered by Tee Land in order to acquire the said site. By the end of February this year, the acquisition of the land sale has been ended.
CASA CONTENDERE LOCATION
Addresses at 35 Gilstead Road in District 11, the Casa Contendere is undeniable within a hands-reach from various essential conveniences there is. A 7-minute walk can lead you to the nearby Newton MRT station. With other neighbouring stations that lead to other major destination in the country, the possibility of access to various amenities is endless.
Aside from the nearby bus and MRT stations, the property also is surrounded by major expressways that include Pan Island Expressway (PIE0 and Central Expressway (CTE). These roads offer a hassle-free route to vehicle owners.
Reputable schools and major shopping malls are also within a walking distance from the property. Some on the list include Catholic Junior College, United Square Shopping Mall, Square 2, ACS Barker Road and Little Woods. These establishments are only a few blocks away that can be reached within 10-15 minutes walk from the residence. Even supermarkets like Cold Storage are just a few minutes walk.
The buzzing city life sometimes gets you tired, and the refreshing and luscious greenery presented by the Singapore Botanic Gardens and other nearby parks offers a good break.
MODE OF TRANSPORT
- Newton MRT
- Novena MRT
- Central Expressway (CTE)
- Pan Island Expressway (PIE)
- Square 2
- Novena Square
- ACS Barker Road
- United Square Shopping Mall
- SJI Junior
POTENTIAL OF THE SITE
The site of Casa Contendere undeniably has an excellent potential. Apart from being a good few minutes walk from various amenities, its land area allows the developer to yield a good 70 units of elegant and modern residential units.
The gross plot ratio of the site is 1.4 and can yield units that have an average of 753 square feet. Estimatedly, the development is set to house 1 to 5-bedroom units. These units can cater the needs of future residents. With unique layouts supplied in each unit, future inhabitants will find it perfect for an urban living.
The units that will comprise the development is estimated to be priced at an average of $2,400 to $2,500 per square feet. This price is feasible as the property will be consisting of various modern facilities for a much better quality of residential experience.
With the demand of modern and spacious residence that is within the center of the metropolis, the future development of this site will surely attract more potential investors and buyers upon its launch. Its possibility for high rental yields gives a great advantage for an early possible ROI for investors. As for the potential buyers, the conveniences available offers them the best urban lifestyle they can ever experience.
CASA CONTENDERE NEW CONDO REGISTRATION OF INTEREST
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