A newly freehold residential development along Upper East Coast Road, Singapore in District 15 is due to launch soon, after its lately concluded VVIP preview drawn a positive response.
One property agent stated that the showflat for Seventy Saint Patricks has seen numerous investors and potential buyers in the past couple of days. However, Singapore's well established developer- UOL Group, refused to announce the official launch date.
Seventy Saint Patricks by UOL Group will consist 186 residential units with 2 to 4 bedroom units and penthouses. Each sizes will range from 700 sq ft to 1,647 sq ft. for 2 bedroom unit, indicative prices will start from about $1.2 million, while the low-cost price for a penthouse is about $1.5 million.
Other residential developments nearby include Marine Blue, Grand Duchess and St Patrick’s Residences, with median psf prices of about $1,433 and $1,327 respectively.
Located at the previous St Patrick’s Garden, Seventy St Patrick’s will be close to the future Marine Terrace MRT station on the East Coast Line. St Patrick’s School, Victoria Junior College, Tao Nan School and shopping centre such as 112 Katong and Parkway Parade are also located nearby. In addition, the area is well-connected to Changi Airport and city centre via MCE and ECP.
Mainly, by 2024 the East Coast Line is set to be fully operational and will spur the region’s property market, OrangeTee recently revealed.
Property watcher noted that Singapore Property located close to the new MRT stations are expected to experience a big boost home prices, in turn ahead to potential capital growth with the upcoming Thomson East Coast Line.
“Residential developments in the vicinity will likely see 5 to 10 % capital gains” UOB Kay Hian analyst Vikrant Pandey said in media report.
Meantime, analysts await sales of new exclusive homes to improve in September on the back of many well anticipated upcoming developments, including Seventy Saint Patricks.
