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.

Van Holland Freehold Condo Near to Holland Village and Buona Vista

This new freehold development by KOH brothers has the most benefits for families and investors. The development is located in Holland village, Singapore. Here are 5 reasons why you should invest in Van Holland freehold property.
1. Rise in stamp duty
The government of Singapore has increased stamp duty for 2nd property owners from the present 7 percent to 12 percent. Now that the property prices are gradually increasing investors will have a great chance when investing in freehold properties to preserve their capital.

Expansion of Holland Village to Bring About More Value to Van Holland

2. The expansion of Holland village
Plans are underway to expand Holland village to accommodate private apartments among other developments. A total amount of $1.8 billion is to be used in the extension. This extension will have benefit those who in Holland village including this new development by KOH brothers.
What benefits will the extension bring?
1. A great experience for visitors with a colorful outdoor events among other activities
2. The extension plan involves a
• water court
• shopping places
• parks and
• Other leisure areas for pedestrians

Freehold Development Van Holland Located near to Buona Vista and One North MRT Station

3. MRT station
The freehold is located right next to Buona vista and One North MRT stations. With efforts from the government to make Singapore a knowledge-based economy, the industries in the high end sector such as biomedical sciences will be based in Buona vista. Therefore the professionals in these technologies will reside around Holland village.
4. Health and institutional advantages
There are health facilities available in the village. They are both public hospitals like Singapore general hospital and private clinics like International medical clinic. When choosing a living space the one thing in mind is whether there is a health facility around. As investor you look good investing in an area with two well-known public hospitals and various private clinics therefore attracting more clients.
Apart from hospitals there are many schools available for families who have kids. Schools like ACS International (Singapore) and St. Margaret’s secondary school are among the many options available.

Many Facilities Available at Van Holland Freehold Condo

5. Van Holland unique facilities
The condos offer unique services for the family. There is
• An indoor gym
• A tennis court
• Clubhouse
• Guard house
• A 50 meters swimming pool
• Function room
• Sun deck
• Children’s playground
The main reason for investing in this real estate freehold is the fact that KOH brothers have heard a lot of success in the real estate sector. They have been recognized and won many awards in Singapore. They are also listed in Singapore stock exchange. This makes them trustworthy and every investor feels safe in the hands of experienced developers.