Royal Oak Residence En Bloc to FEC International for $93M

ABOUT THE EN BLOC SALE

The Royal Oak Residence is a 34-unit residence that is located at 21 Anderson Road in District 10. This freehold property was launched into tender in 2018. Far East Consortium (FEC), a Hong Kong-listed developer is the lucky one who bought this magnificent property. Another promising property of the renowned FEC in District 10 is the 21 Anderson which offers a great array of opportunities to it residents.

This move from FEC is one of the bolsting step to build up its portfolio of properties in Singapore. Buying the Royal Oak Residence at an amazing price of $93 million, FEC also take its loan amounting to $103 million. This translates to a $2,252 per square foot per plot ratio at a total of $196 million.

Royal Oak Residence is owned by Balckstone, a US-affiliated company. The former property has a total gross floor are measuring to 87,000 square feet.

 

 

ROYAL OAK RESIDENCE LOCATION

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Royal Oak Residence has an address that is conveniently close to the various amenities. The accessibility of this property to a lot of different mode of transport services is exceptional. There are nearby MRT stations that include Mount Pleasant MRT and Stevens MRT along with a number of bus stops in the area.

The incredibly number of establishments that offers great services and really enjoyable recreational spots. These establishments include Far East Shopping Centre and Paragon Shopping Centre. The prestigious Singapore Botanic Gardens is also only a few minutes away which is certainly a nice feature to be near the residence.

Not only is the property surrounded with leisure amenities. Educational institutions are also abundant in the area. The residential community can have a vast choice of schools that offer great standard of education to their students. These schools include Ascensia Academy, Raffles Girls’ Secondary School. There is also a line-up of different international schools that are just within close distance like the Chinese International School.

 

MODE OF TRANSPORT

• Bukit Timah Road
• Pan Island Expressway (PIE)
• Central Expressway (CTE)
• Orchard MRT
• Stevens MRT
• Mount Pleasant MRT
• Orchard Boulevard MRT
• Botanic Gardens MRT

NEARBY AMENITIES

• JAscensia Academy
• Raffles Girls’ Secondary School
• Chinese International School
• Far East Shopping Centre
• Cathay Cineleisure Orchard
• Singapore Botanic Gardens
• KK Women’s & Children’s Hospital
• Tanglin Mall
• Paragon Shopping Centre

 

POTENTIAL OF THE SITE

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The Royal Oak Residence at 21 Anderson is a very spacious property with a land area of 49,048 square feet. Being zoned for residential use, this property is set to yield a magnificent tower of residential units that will be a remarkable development in this area of District 10.

The acquisition made by Far East Consortium International to this site provide the developer another opportunity to ramp and expand their property portfolio in Singapore. Being one of the reputable developers in the country, it is expected to redevelop the site into a luxurious home.

Its spacious gross floor area can utilized well and provide efficiency to the future development. With its amazing geographical location, there is a high potential to attract not only property-renters but also investors as well. Its superb unit will surely be a great target for seekers as well as home upgraders in the area.

The notable plan for this property is very promising. With great opportunity on the way, the new development will surely generate exceptional cash flow. Ideally, property investors have a huge chance to reach their target ROI with such ease in this majestic site.

 

ROYAL OAK RESIDENCE NEW CONDO REGISTRATION OF INTEREST

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