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ABOUT THE EN BLOC SALES
The Royalville en bloc is another collective sale situated in the Bukit Timah area. Comprised of 38 maisonettes, 55 apartment units with 11 shops, this property has been an exemplary home to its occupants. Launched into the collective sale, this site is acquired by the Allgreen Properties Limited alongside the Crystal Towers which is sold for $180.65 million, both properties are in the Bukit Timah area.
The Royalville set an asking price of $368 million which is topped by the Allgreen Properties’ winning bid of $477.94 million or an equivalent to $1,960 per square foot. The site is listed with a freehold tenure and zoned for a residential development.
Measuring a good 16,181.5 square meters, the Allgreen Properties Limited is expected to build a residence that will be an iconic mark in the area. Both sites (Crystal Towers and Royalville) are marketed by Edmund & Tie Company which said that an intense contention between developers was received by these sites. The Crystal Towers receive 12 amazing bids while the Royalville received 9 bids.
The exemplary location of the site attracts bidders as they eyed the property to be of great potential, attracting buyers and investors to the future development of the site.
The Royalville is located at Bukit Timah Road in District 10. The area has an excellent distance to the Central Business District (CBD) which is a home to different major businesses and offices in the country. It is adjacent to an array of shopping establishments that are conveniently close to the site. Some of them are The Grandstand, Serene Centre and Beauty World Centre.
It is also close to the list of highly commendable educational institutions. The ensure the high-quality education is experience, institutions such as Hwa Chong Institution High School, Singapore Polytechnic, Tanglin Trust School and Ngee Ann Polytechnic are within a few minutes drive down the road.
Want to have a fun experience with nature? Nature parks within the distance is easily access by means of a car or simply a few minutes walk. These parks gives the residing public a chance to refresh from the busy city lifestyle and cherish the beauty of nature.
The routes to these amenities is truly convenient and comfortable whether you are a private car owner or a commuter. MRT and bus stations are within reach. Expressways and major roads are interlink to ensure that you will be able to reach far distant locations.
MODE OF TRANSPORT
- Sixth Avenue MRT
- Pan Island Expressway (PIE)
- Central Expressway (CTE)
- National Junior College
- Green Fairways Golf Course
- Singapore Botanic Gardens
- Beaut World Centre
POTENTIAL OF THE SITE
Allgreen Properties has since making a big comeback to the industry by acquiring great potential lots such as the Royalville and Crystal Towers en bloc which are both located in the booming Bukit Timah region. It has been eyeing various sites after its long-time hiatus from the scene.
The Royalville site presents an excellent potential not only for investors but also for property-seekers. With its distance that is within a few minutes walk from various institutions, the future inhabitants will experience an easy way of life.
The plot measures 16,181.5 square meters which will be able to be redeveloped into a luxurious and spacious residence that will best fit the needs of a diverse type of property-seekers. Yielding about 320 excellent habitable homes, the future development in the area will surely present a breath-taking scenery to the region.
The area offers a promising opportunity for excellent rental yield which is a good sign for property-investors.
It’s nearness to the amenities that are essential for the everyday activities allows the future inhabitants to live with all the conveniences they can get. The freehold tenure of the site offers potential clients to have an infinite ownership to the units.
ROYALVILLE NEW CONDO REGISTRATION OF INTEREST
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