The Garden Residences is a brand new residential development brought to you by two of Singapore’s most renowned property developers-Keppel Land and Wing Tai Holdings. Located along Serangoon North Avenue 1, this condo project sits on a massive 17, 189.1 sqm piece of land with a gross floor area of 42, 973 sqm and plot ratio of 2.5. The development is expected to house approximately 505 units.
The residential site was sold to the Keppel Land and Wing Tai Holding by the Urban and Redevelopment Board (URA) of Singapore under the Government Land Sales (GSL) program. These joint developers outbid 15 other bidders by placing the top price of $446.28 million. Judging by the good amounts of tender bids The Garden Residences received, it can be safe to conclude developers and other industry players are highly optimistic on the site location.
Location Benefits and Amenities
The Garden Residences is situated in a serene environment away from the hustle and bustle of the city. Its close proximity to numerous amenities and community features makes this residential complex attractive to both residents and investors. From shopping malls to schools all through to recreational facilities and lifestyle hubs available nearby, residents of this condo development can enjoy easy access to everything that can make their lives comfortable.
Here is a breakdown of the amenities to expect within The Garden Residences and the nearby areas:
The residence’s proximity to Serangoon town provides convenient access to a number of reputable schools, both local and international, that can perfectly meet the education needs of children living around. Some of the main schools available near The Garden Residences include:
-Palm View Primary School
-Peicai Secondary School
-Lycee Francais De Singapour
-Serangoon Garden Secondary School
-Nanyang Junior College and more
2. Shopping Centres
Serangoon town boasts of a range of established and upcoming shopping malls and food centres that are just a few minutes away from The Garden Residences. Some of the upscale shopping centres that can be conveniently accessed from the residence include:
-Serangoon Garden Market
-NEX Shopping Mall
-Hougang 1 Shopping Centre
-The Midtown and more
3. Recreational Facilities
The area around Garden Residences abounds with sports and leisure facilities. Most of these facilities are located just a short drive or walking distance away from the residence.
Some of the desirable recreational amenities found nearby include:
-Hougang Swimming Complex
-Serangoon Sports Hall
-Serangoon Garden Country Club
4. Public Transport
When it comes to public transport, residents of The Garden Residence can be served by the Lorong Chuan, Kovan and Serangoon MRT Stations. The Serangoon Bus Interchange (just a walking distance from Serangoon town) will provide future residents with easy access to
bus services perfect for commuting to and from different parts of Singapore.
The residence’s road network also connects easily with the Central Expressway (CTE), which can take residents less than 20 minutes to access Singapore’s Central Business District (CBD) and city centre.
The Central Expressway is further connected to the Tampines Expressway (TPE), Kallang Paya Lebar Expressway (KPE) and Seletar Expressway, something that makes transportation, both public and private, from Serangoon hassle-free.
Market experts predict the average selling price of this new condo development to be between $1,500 psf (per square foot) to $1600 psf. However, the actual price, within or without that price range will be based on the top bid. And since the development is set in a mature estate and in close proximity to various urban amenities, it’s likely to attract lots of potential investors.
This article was first published on iprudence.com