Around District 19 will rise soon the two new development projects specifically in Serangoon are based on the healthy competitive sales during the week.
Out of 300 units disposed in the market, 112 were sold out in Affinity at Serangoon compared to 60 units only sold by The Garden Residences. The two competing projects are both under 99-year leasehold and positioned right in North Avenue 1 Serangoon.
Every unit at Affinity cost at a regular price of $1,575 psf, and an average of $1,660 psf, a bit higher for The Garden Residences.
The bulk of buyers for Affinity were the locals of Singapore, comprises 80%, contrary to 20% which was composed of the foreigners and permanent occupants or permanent households.
Under the branded developer Oxley partnership, Affinity comprises seven blocks of 1,012 one- to four-bedroom apartments from 463 sq ft to 1,453 sq ft and 40 strata landed houses.
Around the area, five retail hubs, 88 sophisticated features such as the floating boardwalk, plankton cove and firefly path.
Other amenities which were visible includes he Nex shopping mall, Serangoon Garden Market and Chomp Chomp Food Centre. Schools are noticeable in the area, this includes the French School, Rosyth School and Nanyang Junior College.
The extending 296,193 sq ft area was known in the past as the Serangoon Ville HUDC estate, which was bought for only $499Million, 2017 of July. The asking price covers a land value of $835 per plot ratio.
” We witnessed a competitive demand over the previous Serangoon Ville occupants who are interested to be in the place which they are familiar with, and recently got the chance to level up for sake of next generations and for themselves, said Ching Chiat Kwong, the CEO and Executive chairman of Oxley.
The Garden Residences which is a one to five bedroom of the 613-unit project and along with its area that measures from 1,981 sq ft to 452 sq ft covering five 15-storey skyscraping towers. The magnanimous landscaped project is expected for its completion and ready for occupancy by 2021.
The spokesman of Wing Tai Asia and Keppel expressed, ” We have a strong faith over real estate market and confidence that interested buyers will like its strategic location, fittings and fixtures, layout, attractive design and the lifestyle influences only at The Garland en Residences.
Positioned around Serangoon MRT Stations and the Kovan, the tech ambitious project showcases technology was taken from mobile pp whiz, Habitap – allows the residents to manage well the air conditioners, water heater, door locks and the book condo amenities.
The next development after Affinity at Serangoon and The Garden Residences will be Riverfront Residences @ Upper Serangoon that will start its preview from $5xxk. Most of the unit will have river view facing or park facing.