ABOUT THE EN BLOC SALES
Vista Park is an en bloc site that is listed in the 2017 Collective Sales. Included in the Second Half sales in 2017, the property is fully acquired by Oxley Holdings Ltd at its tender closing on December 13, 2017. The site has drawn attention from 5 developers that are renowned in the country. Oxley Holdings Ltd topped all these developers with a costly $418 million winning bid.
The Vista Park en bloc success marks the fourth sale for the December 2017. The bid amount includes a $72 million amount to top the site up to 99 years leasehold.
The property is well comprised of 209 units which are housed in an elegant residential building facing the beautiful view of the sea. It was zoned as residential with a 1.4 allowable plot ratio and five-storey maximum height. With an admissible gross floor area of 446,951 square feet, the site is expected to house a fabulous residential development.
During its launch in November 2017, the site offers a reserve price of $323 million indicating a guide price of $350 million.
The new development name as “Kent Ridge Hill Residences” set to launch end of 2018.
VISTA PARK LOCATION
Vista Park is situated in District 05 of Singapore. Addressed at Buona Vista Road, the site is pretty accessible to plenty of amenities that are necessary for the inhabitant’s everyday life. Plenty of conveniences are within the immediate distance from the property. The Viva Vista Mall is a mere 10 minutes walk away while Anchorpoint, Alexandra Retail Centre, Depot Heights Shopping Centre and VivoCity within a few minutes drive away too.
The property is also a few minutes drive from the country’s most visited tourist spots such as the Sentosa, Merlion, Universal Studios Singapore, and Resorts World Sentosa.
These leisure amenities and tourist spots can be reached with the aid of the Ayer Rajah Expressway (AYE) and Pasir Panjang Road for a mere 15 minutes drive.
Prestigious schools are within the surrounding neighborhood of the property. The include Blangah Rise Primary School, CHIJ St. Theresa’s Convent, Radin Mas Primary School, National University Singapore, Fairfield Methodist Secondary School and Tanglin Trust School.
The area is connected with major roads like the West Coast Highway and Ayer Rajah Expressway (AYE) making it comfortable to the residents to travel to locations within the country. MRT stations are within a close proximity to the property to keep the commuters comfortable with their travel. These stations such as Haw Par Villa MRT, Pasir Panjang MRT, and Labrador Park MRT are within a 7 minutes walk from the residence.
Vista Park Nearby Amenities
|Mode of Transport||- Pasir Panjang MRT|
- Ayer Rajah Expressway (AYE)
- West Coast Highway
|Nearby Amenities||- Viva Vista Mall|
- National University Singapore
- National University Hospital
|Nearby Schools||- National University of Singapore|
- Queenstown Secondary School
- CHIF St Theresa Convent
- Anglo Chinese Junior College
Radin Mas Primary School
POTENTIAL OF THE SITE
The site for Vista Park measures 319,250 square feet and has an allowable building height for a five-storey development. It was zoned for residential use and is anticipated to bring about 530 units. The Oxley Holdings Ltd aims to redevelop the site for a potential luxurious residence that the future inhabitants will surely enjoy and cherish with.
The gross floor area of the site can potentially reach 446,951 square feet and plot ratio of 1.4. The units can averagely measure up to 800 square feet.
The unique location of the site in Buona Vista Road has been one of the key selling areas in the district. Its sea-front view provides an exciting scenery to the future inhabitants. The property’s nearness to the key tourist spots in the country and its easy access to a number of amenities will make the future development more attractive to both property-seekers and the investors.
It has a great potential to generate a high rental yield for its various units and an excellent ROI for the future investors.
Its huge land area doesn’t only provide an opportunity to house a huge number of residential units but it also allows the developer to provide it with state-of-the-art facilities for a fulfilling residential experience.
VISTA PARK NEW CONDO REGISTRATION OF INTEREST
** Do fill up the form below to register for preview and we will update and also email you the brochure once its available.