Kampong Java Road Tender at Newton Road

The Kampong Java is a subzone that is located within the area of planning for Kallang, Singapore. This is clearly described by the Urban Redevelopment Authority (URA). It has the Central Expressway (CTE) to the west and Balestier Road to the north making it easily accessible.

Kampong Java Road Tender by URA

On the 15th of January, the tender for the residential site at the Kampong Java Road was finally brought to an end. The residential site was approximately 125,326 square feet. At the closing of the tender, a total of seven bids had been submitted. The highest bidder was CELH Development which is a Singaporean unit that has been registered as a property and construction developer with the Chip Eng Seng Corp. The bid was of about 418.8 million dollars which translates to a $1,192 per square feet ppr. The second top bidder was from Guocoland with an amount of 417.24 million dollars. This translates to $1,189.97 per square feet ppr. The newest development will be Kopar at Newton by Chip Eng Seng. Kopar at Newton is under the Government Land Sales Tender and is the lowest priced tender.

Chip Eng Seng Top Bid for Newton MRT Station Site

The Kampong java site has a floor area of 350,914 square feet which is the maximum gross. This makes the site ideal for the development of a new 436 unit’s private condominium. The government land sale (GLS) list confirmed the Kampong java site as the first residential land that was private. After the size guidelines for the minimum average unit was announced in October the site was put up for launch. In regards to the expectations of many people, the top bid was considered to be very low. This was in comparison to the bids for the Fourth Avenue GLS site and the Frasers property. The developer is CEL Development and is located at Kampong Java Road near to Newton MRT Station.

In regards to the Chip Eng Seng bid price, Colliers Song calculated the breakeven price at 1,700 dollars per square feet while the selling price calculated at 1,900 dollars to 2,000 dollars per square feet for the upcoming project. Chip Eng Seng is considered very ready to restock its land bank after the successful launching of Park Colonial in July.

Kampong Java Road Located at District 9 Singapore

The Kampong java site is a land parcel that is found within district 9 and is very close to the Newton MRT station. According to Lee Nai Jia who is a senior director and head of research at the Knight Frank Singapore, its location is ideal for all workers in the Orchard road, the Central business district and the Novena medical cluster. The new construction on the Kampong java site is expected to be pleasing to potential investors and homebuyers.

Meanwhile, Ong Teck Hui who is a senior director for research and consultancy at JLL explains that there has been a significant increase in new units in the above areas. This has largely been contributed by the increased land sales over the past two years in the prime districts.

The Antares FSKH Development Hock Lian Seng Holdings

A joint venture between different companies has seen major developments in Singapore with the enhanced financial muscles of the developers making most of them successful. FSKH Development which is a joint venture involving some of the world brands Hock Lian Seng Holdings, TA Corp and Keong Hong have made their greatest move by taking up the development of the Antares. The development is very strategic as it is located next to the popular Matter MRT Station and Matter road that is already in the world map for the massive developments present.

The Antares FSKH Development Hock Lian Seng Holdings

The vicinity where The Antares FSKH Development is set for development has already given it a name since the land is very prime. Great interest that had been expressed by different companies created tough competition since the processes of the sale had attracted 10 bits for the piece of land. All the interested developers viewed the presence of Matter MRT Station as a great opportunity and following the fact that Antares had many other amenities around it.

The Antares FSKH Development Amenities

When you settle for The Antares Mattar Road as the destination for your family, there is a lot to enjoy especially on the convenience that has been created. Almost all the facilities that you will need to keep your family and other loved ones entertained are located within the developments. Antares is equipped with a gym room, clubhouse, swimming pool, sun deck, tennis court, children playing ground and many others hence providing a tranquil lifestyle.

The whole surrounding of the Antares has created a unique environment that everyone around the world would desire. Within the vicinity of Antares Condo, there are a lot of shopping centres such as the City Plaza, Poiz Centre and Paya Lebar Quarter that makes shopping very convenient. It’s all fun at Bidadari Park that is located next to Antares that sets an environment where quality family outdoor time can be spent.

Transport Options for The Antares

Major transport connects to the development such as roads and Mattar MRT Station will be a boost to accessing The Antares. These included the Macpherson Road, Aljunied Road and Paya Lebar Road where there are many buses to help those who will be accessing Antares by bus. The fact that the development is located next to Pan Island Expressway makes it very easy to locate even for the first time visitors.

The Antares Condo has some of the major educational amenities such as Cedar Primary, Geylang Methodist and Maha Bodhi making it convenient for school going kids. The development is set to open and ready for viewing soon with different layout expected to be completed by then.