New Launch Project

8 Saint Thomas Walk Freehold Condo Great World City

8 Saint Thomas is an ultra-high-end freehold development residential that prides in elegance and glamour. It is situated at District 09’s Saint Thomas Walk with easy and quick access to the Orchard and Great World City Shopping centres. The development’s key features will consist of 219 units of two blocks each comprising of 35 and 36 storeys.

8 Saint Thomas Condo Bukit Sembawang Estates Limited

Great World City Shopping Centre Great World City is a combination of an office building, shopping centre cum serviced apartment s comprising 35storeys. Great World City is a well-known shopping centre that covers 400,000 sqft and caters for the Metropolitan crowd in the area. It lies just a few metres from Great World City MRT Station. Other anchor tenants situated within the development include Food Junction, Golden Village as well as Cold Storage Supermarket.

The location of 8 Saint Thomas freehold condo is at the centre of the Orchard area with a provision of various amenities for the residents. It is located opposite Great World City MRT Station but right next to Great World City Shopping Centre. Also, the development is a walking distance from other shopping centres like TripleOne Somerset, 313 Somerset and Comcentre I & II.

Freehold Condo at Great World City MRT Station

Cathay Cineleisure is a trendy shopping centre that is frequently visited by the younger shoppers. The ultra-modern mall comprises of tenants including Karaoke Lounge, Koufu Food Court among other beverage and food outlets. Cathay Cineleisure is located where the former Orchard Cinema was before it was torn down in 1994. 8 Saint Thomas Walk is next to Great World City shopping centre. It is one of the rare freehold condos next to the MRT Station in Robertson Quay.

Apart from its proximity to Great World City MRT, 8 Saint Thomas is located next to Orchard Boulevard Road and River Valley Road with access to plenty of buses to the Central Business District and Marina Bay area. The following are reasons why 8 Saint Thomas Bukit Sembawang Owners will be spoilt for choice:-Located next to iconic shopping centres like Takashimaya- Numerous Food centres that offer local delicacies-Easy access via Expressways to other areas of Singapore-Located in the heart of Orchard Road and next to Great World City MRT-Along the Singapore River, there are plenty of outlets for entertainment.

8 Saint Thomas Walk Condo Robertson Quay

In conclusion, 8 Saint Thomas offers the public a unique lifestyle right in the heart of Orchard City. There are several food and entertainment outlets that cater for the youth as well as tenants in the area. 8 Saint also caters for owners who are in need of developments with proximity to schools and institutions that are well established such as ISS International School and Anglo Chinese Junior School.

Continue reading…

Live Play and Dine at Mix Development Le Quest Condo

The Government Land Sales program only had one site zoned for mixed commercial and residential released to tender in Q1 2016. The site located in Bukit Batok was fiercely contested, attracting eleven bids from interested parties. As anticipated, Bukit Batok site’s location in West Avenue 6 and close to the Bukit Batok MRT station stimulated broad interest, as did its the 14,696.7 sq m size. However, analysts observed some developers adopted a more conservative bid strategy than others. Le Quest have the Live Play and Dine Concept which is a mix development condo at Bukit Batok by Qingjian Realty

Le Quest Live Play Dine Concept Bukit Batok

As head of CBRE Research for Singapore and Southeast Asia, Mr. Desmond Sim commented, “Interest in the site was keen as shown by the 11 bids. This is testament to developers’ hunger for land. However, the difference in each developer’s market outlook and appetite is reflected by the wide margin in bid pricing of up to 60 percent.” The tender closed on May 24th, 2016 and achieved a top bid of $301 million, yielding $635 per square foot per plot ratio (psf ppr). Qingjian Realty (South Pacific) Group lodged the high bid a spokesman for the Urban Redevelopment Authority confirmed. The high bid was a slender 8.3 percent above the bid by Allgreen Properties the second-highest bidder. Le Quest Condo is the development name with a Live Play and Dine Concept.

Le Quest Live Play and Dine Mix Development

Nicholas Mak, SLP International executive director observed the Qingjian Realty bid was pitched 5.7 percent below than the winning April 2011 bid for a comparable parcel of land located in Hillview Avenue, site of The Hillier condo. “Many of the bidders were mindful of the current market conditions and submitted fairly conservative bids,” Mak concluded. The Qingjian Realty price was also 21.2 percent below the top bid for the Hillion Residences condo site in Jelebu Road sold at tender in November 2011.

Le Quest Singapore Qingjian Realty

Despite these shifts in market pricing, JLL national research director Mr. Ong Teck Hui, observed that Qingjian’s $635 psf ppr sat at the “high end of bid expectations”. With the government failing to release any mixed development sites last year, and the propensity of mixed developments to attract firm demand from prospective homebuyers, the scene was set for a solid tender result, particularly in light of buoyant new-home sales in the months leading up to the tender.Mr. Sim said: “At the moment, the built-up density in the surrounding areas is low, and bidders are probably looking to gain a first-mover advantage when this precinct starts to intensify through future developments (such as) the upcoming Jurong Innovation District.” If Qingjian is successful in securing the site, it will Qing Jian’s second successful land acquisition for private housing development in May and its first mixed development project in Singapore.

Continue reading…