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Property developers and real estate agents had a hectic Deepavali holiday. According to Sim Lian Group, Emerald of Katong drew more than 10,000 guests over three days following Friday, Nov 1. Nov 16 is the launching date.
Dominic Bose visited the sales gallery first day. “We have several investment properties in Singapore, but we don’t have one in the east yet,” he notes. “An agent showed me this property; I felt it was handy for the train station and other conveniences.”
Bose is thinking about a two-bedroom flat at Emerald of Katong as right now is a perfect moment to explore his real estate investments. “After all, location and timing define property investing most importantly.” he says.
In July 2023, Sim Lian Group paid $828.8 million, or $1,069psf per plot ratio, for the location. The project is within five minutes’ walk from Tanjong Katong MRT Station on the Thomson-East Coast Line. It also is close to Katong’s energetic stores and eateries as well as malls like 112 Katong and Parkway Parade.
Sim Lian will also be building a new public park next to the property under landscape design by Tinderbox Landscape Studio, the designated landscape architect for Emerald of Katong.
Designed on the 221,424 sq ft, 99-year leasehold site, MAN Architects, the project architect for Emerald of Katong, has created the complex across six blocks spanning from 18 to 21 stories.
Emerald Of Katong Price Guide
- 1RM: $1.2 million+
- 2RM: $1.5 million+
- 3RM: $2.1 million+
- 4RM: $3 million+
- 5RM: $3.5 million+
Tembusu Grand – Last Launch at Jalan Tembusu
The 638-unit Tembusu Grand, built in tandem by City Developments and MCL Land, which started in April 2023, has sold over 82% with prices average $2,458 psf depending on conditions filed so far.
Preview at Chuan Park Condo
On the first day alone, Kingsford Group which opened the sales gallery of Chuan Park for a preview on October 31—saw over 5,000 visitors. The developer noted another 2,965 visits on Friday, 3,200 on Saturday, and 4,000 more today, thus compiling a total for the four days from October 31 to November 3 of over 15,000.
Comprising 916 apartments, the 99-year leasehold property is situated on the Circle Line close to Lorong Chuan MRT station. Average selling pricing for the project should be around $2,500 psf.
Preview of Nava Grove @ Pine Grove
Attracting almost 4,000 people, MCL Land and Sinarmas Land inaugurated the sales gallery for the 552-unit Nava Grove at Pine Grove in District 21 on the weekend of Nov 2 and 3. The project formally starts on November 16.
Unit types abound in variety, from two-bedroom to five-bedroom layouts. Two-bedroom homes start at 624 sq ft and cost $1.388 million ($2,224 psf); two-bedroom-plus-study units of 786 sq ft cost $1.888 million ($2,420 psf). Starting at $2.188 million ($2,310 psf), three-bedroom homes start at 947 sq ft. Starting at 1,335 sq ft, four-bedroom apartments are in the range of $2.988 million ($2,238 psf).
Four-bedroom dual-key homes with 1,464 sq ft each range in price from $3.468 million ($2,369 psf). Starting at $3.588 million ($2,315psf), four-bedroom luxury homes with private elevators have 1,550 sq ft. Priced at $3.928 million ($2,316 psf), five-bedroom luxury residences with private lifts have 1,722 sq ft. Starting costs at Nava Grove thus fall between $2,224 psf to $2,402 psf.
Next door, at an average price of $2,457 psf, the 520-unit Pinetree Hill by UOL Group and Singapore Land Group is 73% sold. Starting in July 2023, this 99-year leasehold project
