PROJECT DETAILS
Tulip Gardens, located in along Farrer Road, Core Central Region of Singapore, has been sold to YanLord and MCL Land, through a collective sales, in the 2nd quarter of 2018, for S$907 million. The sales price will translate to about a land rate of S$1,789 psf per plot ratio.
YanLord and MCL Land submitted the top bid of S$907 million for Tulip Gardens, this translates to a land rate of S$1789 psf ppr
Other developements that are sold en-bloc within the vicinity include The Wilshire, Olina Lodge, The Estoril and Hollandia.
Consortium Tong Eng and Roxy Group submitted the top bid of S$98.8 million for The Wilshire, this translates to a land rate of S$1643 psf ppr
Far-East submitted the top bid of S$223.9 million for The Estoril, this translates to a land rate of S$1654 psf ppr
Far-East Consortium submitted the top bid of S$183.38 million for Hollandia, this translates to a land rate of S$1713 psf ppr
Peak Opal, a unit of Kheng Leong, submitted the top bid of S$230.9 million for Olina Lodge, this translates to a land rate of S$1712 psf ppr
New Residences at Tulip Gardens site is only 400 m away from Farrer Rd Circle Line Station and just 2 stops away from Buona Vista Interchange Station which is very convenient for commuters as the East West Line is easily accessible via the Interchange. For drivers, it is takes only 5 minutes to get to Orchard Road area and 7 minutes to the Central Business District. New Condo at Tulip Garden is also well connected to the Pan Island Expressway (PIE) which leads to parts of the island.
It is just next door to Empress Market & Food Centre which makes finding food easy. There are more choices as dLeedon is also close to 5 other food centres that are within 2 km distance such as Holland Market & Food Centre, Commonwealth Crescent Market & Food Centre, Adam Road Food Centre, Holland Drive Market & Food Centre, Commonwealth Avenue Food Centre. There are also 3 shopping malls that are less than 1.5 km away from New Residences at Tulip Garden to choose from to get the daily needs.
For parents, your child’s education needs will be the last to worry. New Condo at Tulip Garden has quite a number of esteemed schools within 2 km, that range from preschool to Tertiary level. School nearby New Residences at Tulip Garden include Nanyang Primary School, Raffles Girls’ Primary School, New Town Primary School, St Margaret’s Secondary School, Hwa Chong Institution, Queensway Secondary School, Nanyang Girls’ High School, Assumption English School, Hwa Chong Junior College, National Junior College and also tertiary institution i.e. NUS Faculty of Law (Bukit Timah Campus).
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| Project | New Condo at Farrer Road- former site of Tulip Garden- Leedon Green |
| Developer | YanLord Land Group and MCL |
| Location | Farrer Road |
| District | 10 |
| Tenure | Freehold |
| Site Area | 316,708 square feet |
| GFA: | square metres/ square feet |
| Plot Ratio | 1.6 |
| Expected TOP: | |
| Total Units | Approximately residential apartments |
| Total Carpark | |
| Development | Private Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreigner can buy |
LOCATION MAP and AMENITIES
FACILITIES SITE PLAN and FLOOR PLANS E-BROCHURE
The Facilities Site and floor plans of new condo launch in Farrer Road, at former site of Tulip Garden, are currently seeking approval from relevant authorities.
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AVAILABLE UNITS/ SOLD/ CHEAPEST PRICES PSF
TULIP GARDEN SOLD TO YANLORD LAND GROUP and MCL THROUGH COLLECTIVE SALES
SINGAPORE: Tulip Garden condominium in Farrer Road has been sold for nearly S$907 million following a fourth attempt at a collective sale, with the selling price at a 20.4-per-cent premium to the original price tag.
The freehold development, which was sold to Asia Radiant, is the second-largest collective sale in Singapore this year, marketing agent Colliers International announced in a news release on Thursday (Apr 12).
The sale price translates to a land cost of about S$1,790 per square foot per plot ratio, said Colliers International. The owners of the development had originally set a reserve price of S$753 million.
The development, which is zoned for residential use, comprises 162 units of apartments and maisonettes and two shop units across five blocks.
It is located near Farrer Road MRT station as well as Holland Village, Dempsey Hill, Bukit Timah, Empress Road and Orchard Road.
Residential unit owners whose property sizes range from 158 sq m to 317 sq m stand to receive between S$4.3 million and S$7.6 million.
Commenting on the deal, Managing Director at Colliers International Tang Wei Leng said: "What was appealing about the site was its large contiguous land area which will offer greater flexibility in the planning and development of the new residential project, providing ample space for wide-ranging facilities and social areas for future residents.
"Large plots in prime central locations are rare and Tulip Garden provides an opportunity for the developer to capitalise on the upturn in the high-end homes segment," Ms Tang said.
In February, Colliers International announced the sale of Pearl Bank Apartments, the iconic horseshoe-shaped building at Outram.
The sale of Pacific Mansion at River Valley Close by real-estate agency CBRE for S$980 million is the still the largest collective sale in 2018.
Source: ChannelNewsAsia 12th April 2018
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