The availability of collective sale units at Yuan Ching Road is quite limited, and that contributes to the steep prices. However, this supply constraint has also made developers clamor for larger plots in this neighbourhood. One such development is Lakeside Apartments, which offers 120 residential units under 99-year leasehold tenure.
Located close to the city centre and with public transport nearby, Tengah EC will have green infrastructure and smart condominiums. Residents can enjoy a sustainable lifestyle with the help of green features like solar panels, wind turbines, and integrated water and waste management. This development will also have free parking.
The site is zoned for residential and is 191,972 square feet. It has a gross plot ratio of 2.1. The total floor area of each unit is 403,141 square feet. The total land rate for this development is S$1,023 per square foot a year, which includes 99-year lease renewal. The development is expected to complete in Q3 2022. It will also feature luxurious amenities, landscaping, and green features. It is expected to achieve BCA Gold Plus status.
While Tengah ECs are priced around 20% less than comparable HDB flats, they still come with good upside potential. It is possible to sell your EC after five years of MOP, and the EC can even be fully privatised after 10 years. This is an excellent opportunity for HDB upgraders. While the EC may not be in the ideal location, the proximity to the Le Quest shopping mall is a major plus. Its good amenities are sure to attract tenants.
Bukit Batok EC
The new EC at Bukit Batok is a welcome addition to the neighbourhood. Its prime location is ideal for both investors and long-term residents. It is near Bukit Batok Hillside Nature Park, a major shopping mall, and the Singapore Integrated Transport Hub. Many schools are located nearby as well. With its excellent location, Bukit Batok EC is sure to be a hot property once it launches in August. Parents will also love the location because they can easily take their children to school without having to worry about getting stuck in traffic jams.
This new development at Yuan Ching Road is a 99-year leasehold condominium. Residents can enjoy the convenience of convenient access to PIE and AYE. There are also excellent recreational facilities in the vicinity. The MRT is also accessible from this new development. The project is currently in its early stages of development, but prospective buyers can make an appointment to view the units.
Park View Mansions
A joint venture between CEL Development, a property developer, and KSH Holdings is planning to redevelop the former Park View Mansions in Jurong. CEL will own 40% of the project, while KSH holds the other 30%. According to reports, the project will be a mixed-use development. The joint venture will use internal funds as well as external borrowing to finance the acquisition.
The joint venture will buy the Park View Mansions in Jurong and develop it into a residential complex consisting of 440 units. Park View Mansions is situated near the Lakeside MRT station and the Jurong Lake District, and is zoned for residential use.
The property has a 99-year lease and has an allowable gross plot ratio of 2.1. The developers expect to fetch at least S$1,023 psf ppr for the relaunch. The project is expected to be developed with unobstructed views of Jurong Lake. The site is also convenient for public transport with nearby Lakeside MRT station.
Yuan Ching Road
Yuan Ching Road is a 99-year leasehold development that comprises of 546 residential units. With its prime location near major arterial roads, it is convenient for commuters to reach other parts of the city. Moreover, Yuan Ching Road is close to several educational and cultural institutions in the city.
Residents of Yuan Ching Road will have easy access to Jurong East, Jurong West, and Jurong Point. Moreover, they will be near hawker centres like Boon Lay Place Food Village and Taman Jurong Food Centre. You can visit these places for shopping and dining.
Yuan Ching Road is a 99-year leasehold condominium development with 546 units located at Tao Ching Road, District 22. Nearby MRT stations include Jurong Lakeside Club and Jurong East. It is also convenient to various amenities, such as the Jurong Bird Park and Singapore Science Centre. Chip Eng Seng is the developer behind this project. It will offer a range of living units, ranging from two to five bedrooms.