In the recent time, Frasers Centrepoint is in the limelight. The residential condominium, which is close to East Coast Park, will soon put to sale. Interestingly, this is also the first residential property that is being constructed in 15 years along the East Coast Parkway (ECP). Because of its seaside location and the proximity of future MRT station, Frasers Centrepoint is a highly prized residential property.
By the end of April, Seaside Residences condominium with 843-units will be launched by Frasers Centrepoint Singapore.
The East Coast plot residential project is next to Victoria School, along the East Coast Parkway. Since 2001, this project happens to be the first government land sale site.
In order to win the tender, Frasers had formed a conglomeration. In January 2016, as a leader of the consortium, Frasers offered $624.18 for 207,847 sq ft plot for in January last year.
Seaside Residences are true to their names. More than 70 per cent units at Seaside Residences have direct view to the sea. The developer is trying to design homes with maximized sea views.
The project is aimed at developing blocks with 27-storeys each. In these four blocks, the units will be of different sizes, from one-bedroom apartment to five-bedroom apartment, as well as penthouses. The units in the all 27 storeys will have the floor area of 424 –2,690 sq ft.
According to the developer, as reported by The Straits Times recently, there will be a sky terrace and 115m-long infinity pool in the condo. The sky terrace will be located in the 4th through 16th floors, with three storey-high ceiling.
The developer told The Straits Times yesterday that the condo will have a 115m-long infinity pool and a sky terrace – boasting a three storey-high ceiling – between the 14th and 16th floors.
Christopher Tang, the chief executive of Frasers Centrepoint Singapore says, “This residential project will cater the people who want a home with a seaside view away from the hustle and bustle of city center, in the outskirts of the city.”
Due to the unique features, it is expected that the project will receive good response from buyers. Location is one of the major attractions. The project is only 3 minutes walk from Siglap MRT station, which will be built in the future, and just one kilometer away from East Coast Park. Since 2001, there are been no new launch in the east coast. Therefore Dr Lee Nai Jia believes the project will be hot cake in the market. Nai Jia is the chief of South-east Asia research at Edmund Tie and Co.
Interestingly, Frasers Centrepoint had also won the previous “government land sale” site in the same area. After winning the project, Frasers Centrepoint developed Cote d’Azur condominium. There were 612-units in Cote d’Azur condominium.
Taking the reference of Cote d’Azur condominium, Dr Lee believes that there are high demands for such kinds of mature estate. Lee gives example of Gem Residences where half of the units were sold one day before the official launch.
Christine Li, who is research director at Cushman and Wakefield, is also very optimist about the project. She believes 50 percent units will be sold during the six months after the launch and the estimated price will be around $1,550 – $1,650 per sq ft.
“Since there is a lack of luxury apartments, this project will witness less competition,” she says. “Therefore there will be limited choice for the investors who want to invest in new projects. Some of the options are Amber Skye and Marine Blue. Units in these projects are priced $1,700 – $1,800 psf.”
Give the best that your family and you deserve, choose Seaside Residences -East Coast Seafront Living for future investment and for an escapade from the bustle of daily routines and responsibilities.
