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PROJECT DETAILS

 
 

The Housing and Development Board (HDB) has sold a residential site in Dundee Road/ Queenstown/ Commonwealth as part of Government Land Sales GLS, in 2nd quarter 2015. This land parcel is located in Commonwealth Avenue, Dundee Road and Strathmore Avenue, Central Region of Singapore, under Queenstown Planning Area. It is listed under the confirmed list of sites and is allocated to be developed into a residential condominium. It has a site area of 113,194  square feet of land and is expected to house approximately 700 units.


HY Realty won the top bid of s$483.18 million, which translates to s$871.14 per square feet per plot ratio (psf ppr).


New and Upcoming Condo in Dundee Road is opposite to condominium named Queens. Other developments near the vicinity of new condo in Dundee Road include Anchorage, Metropolitan, Alexis, Ascentia Sky and Echelon and upcoming Commonwealth Towers.

 

Everything that your family need is within reach. Standing next to Queenstown MRT Station serving the East-West Line, new condominium offers great conveniences to residents. It is 

 

  • 1 MRT stop  to  Redhill Station and Commonwealth Station- Redhill Market and Food Centre and Tanglin Halt Market
  • 2 MRT stops to Buona Vista MRT Interchange- Star Vista Mega Mall and Rochester Park
  • 2 MRT stops to Tiong Bahru Station- Tiong Bahru Plaza and Tiong Bahru Market and Food Centre
  • 3 MRT stops to One- North Station- One- North Business Park
  • 3 MRT stops to Holland Village Station- Holland Village
  • 4 MRT stops to Tanjong Pagar Station- Central Business District (CBD)
  • 4 MRT stops to Kent Ridge Station- NUS/ NUH/ INSEAD
  • 4 MRT stops to Harbourfront MRT Station- Vivo City, Harbourfront
  • 5 MRT stops to Raffles Place- downtown Financial District
  • 5 MRT stops to Clarke Quay- Clarke Quay Bistro Bars and Cafes
  • 5 MRT stops to Jurong Station- Jurong Lake District
  • 6 MRT stops to City Hall Station- Raffles City Convention Centre
  • 6 MRT stops to Dolby Gaut MRT Interchange- Plaza Singapura
  • 7 MRT stops to Bugis MRT Station- Bugis Junction, Bugis Village
  • 8 MRT stops to Orchard MRT Station- Takashimaya and ION

 

With its convenient location in the Central Region, it will take drivers 6 minutes to reach Orchard Shopping District and 9 minutes to Central Business District (CBD), City Centre and Marina Bay as it is easily joined to Tanglin Road and Alexandra Road. Drivers can easily link to Ayer Rajah Expressway (AYE) via Alexandra Road. The arterial Tiong Bahru Road will also connect Dundee Road Condo future residents to Central Expressway CTE which allows easy connectivity to various parts of the island. Southern Waterfront District Vivocity, Harbourfront, Universal Studio, Resort World and Sentosa.

  • 3 mins drive to IKEA Alexandra/ Anchorpoint Mall/ Queensway Shopping Centre/ Upcoming Alexandra Central
  • 6 mins drive to Orchard Shopping Belt
  • 6 mins drive to Star Vista/ One North Business Park/ Fushionpolis/ Biopolis/ Mediapolis
  • 6 mins drive to National University Singapore NUS/ INSEAD
  • 6 mins drive to Demsey Hill/ Rochestor Park/ Holland Village
  • 8 mins drive to National University Hospital (NUH)
  • 9 mins drive to Central Business District (CBD)
  • 10 mins drive  to Marina Bay Sands (MBS) 

 

There are many shopping and entertainment facilities. Take a short down to Anchorpoint , IKEA Alexandra, Queensway Shopping Centre and the upcoming Alexandra Central, a hotel cum retail mall, which all are less than 1 km away. When it comes to local hawker food fare, new condo in Dundee Road is close to many wet markets and food centres namely, Mei Chin Road Block 159 Market, Commonwealth Avenue Block 40A Food Centre, ABC Brickworks Food Centre, Alexandra Village Food Centre, Tanglin Halt Food Centre, Tanglin Halt Road, Block 48A Market and Food Centre, Commonwealth Crescent Market, Redhill Lane Block 79 Market, Redhill Lane Block 85 Food Centre and Bukit Merah Central Block 163 Food Centre.

 

New and upcoming condo development in Dundee Road is near to local primary schools such as Queenstown Primary School, New Town Primary School, Gan Eng Seng Primary School and Blangah Rise Primary School. The secondary schools, i.e. Queenstown Secondary School, CHIJ St Theresa’s Convent, Bukit Merah Secondary School, Crescent Girls’ School, Henderson Secondary School and Gan Eng Seng Secondary School. International Schools including Global Indian International School (Queenstown Campus), Management Development Institute of Singapore (MDIS) Campus, ISS International School and Tanglin Trust School are also nearby.

 

Sites surrounding new and upcoming condo development in Dundee Road to increase its commercial facilities include

 

  • Site A with 19 shops, 1 supermarket and a hawker centre, a education centre, a student care-centre and a RC centre
  • Site B with 3 shops, a eating house and a minimart
  • Site C with 2 shops, a cafe and a minimart
  • Site D with a cafe and a minimart
  • Site E with 2 shops, a cafe and a minimart and a childcare centre

 

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Project  Dundee Road Condo
Developer  HY Realty
Location  Dundee Road/ Commonwealth Avenue
District  3
Tenure  99 years lease
Site Area   113,194 sqft
GFA:   sqft
Plot Ratio
Expected TOP:
Total Units  736 units
Total Carpark
Development  Condo comprising of 2 towers of 44 storeys, communal facilities including sky garden, landscape pool, club-house, lounge, function room, Gym, BBQ Alfresco dining and Many More... 
Unit Type:  1 bedroom to 5 bedrooms and include 3 shops and 1 child-care centre
Architect
Eligibility SC/ SC, SC/SPR and Foreigner

LOCATION and AMENITIES

New and coming Condo in Dundee Road is standing next to Queenstown MRT Station. It offers residents both good accessibility and is minutes drive to Orchard Shopping belt, Central Business District (CBD) and City Centre. 

dundee-road-site-map

Amenities Near New Dundee Road Condo in Queenstown/ Commonwealth Avenue

Category Important Amenities Near New Condo in Dundee Road Approximate Distance
Train Stations Queenstown (EW19) 0.1km
Bus Stop Queenstown Stn (Bus: 51, 111, 145, 186, 195, 970, NR5)
Opp Queens (Bus: 64)
0.1km
0.2km
Supermarkets Fairprice (Dawson Place)
Cold Storage (Anchorpoint)
Sheng Siong (Tanglin Halt)
Giant (Redhill Close)
0.5km
0.7km
1.3km
1.6km
Shopping Malls Anchorpoint
IKEA Alexandra
Alexandra Central (U/C)
Queensway Shopping Centre
0.7km
0.7km
0.8km
0.9km
Education Institutions Preschool
True Way Presbyterian Kindergarten
Queenstown Good Shepherd Kindergarten
PCF Queenstown Blk 53A
Masjid Mujahidin Kindergarten
PCF Queenstown Blk 3
Damien Centre Kindergarten
PCF Queenstown Blk 46-2-46-3
Faith Kindergarten
PCF Radin Mas Blk 70A
PCF Radin Mas Blk 87
0.1km
0.1km
0.2km
0.8km
0.8km
0.9km
1.2km
1.4km
1.4km
1.6km
Primary
Queenstown Primary School
New Town Primary School
Gan Eng Seng Primary School
Blangah Rise Primary School
0.2km
1.0km
1.4km
2.0km
Secondary
Queenstown Secondary School
Queensway Secondary School
CHIJ St Theresa’s Convent
Bukit Merah Secondary School
Crescent Girls’ School
Henderson Secondary School
Gan Eng Seng Secondary School
0.7km
0.7km
1.0km
1.2km
1.3km
1.8km
2.0km
Junior College
Anglo-Chinese Junior College (ACJC) 2.6km
Tertiary
Management Development Institute of Singapore (MDIS) Campus 0.7km
International
Global Indian International School (Queenstown Campus)
ISS International School
Tanglin Trust School
0.6km
1.5km
1.6km
Food Centre Mei Chin Road Block 159 Market
Commonwealth Avenue Block 40A Food Centre
ABC Brickworks Food Centre
Alexandra Village Food Centre
Tanglin Halt Food Centre
Tanglin Halt Road Block 48A Market and Food Centre
Commonwealth Crescent Market
Redhill Lane Block 79 Market
Redhill Lane Block 85 Food Centre
Bukit Merah Central Block 163 Food Centre
0.5km
0.5km
0.9km
1.0km
1.1km
1.2km
1.5km
1.5km
1.5km
1.7km
Lifestyle Queenstown Stadium
Queens Townclub
Temasek Club
Delta Sports Complex
Tanglin Public Golf Course
Telok Blangah Hill Park
Hortpark
Singapore Botanic Gardens
0.5km
0.5km
1.2km
1.6km
1.8km
1.8km
1.9km
2.0km

FACILITIES and SITE PLAN

The Facilities and site plan of new and upcoming condo in Dundee Road/ Queenstown are currently seeking approval from relevant authorities. If you would like to be updated on first hand information for New Dundee Road Condo, Please
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RESIDENTIAL FLOOR PLANS

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QUEENSTOWN HERITAGE and DEVELOPMENTS

Queenstown Master Plan

Queenstown Master Planning

imgidentity1

ONE NORTH: BIOPOLIS, FUSHIONPOLIS and MEDIAPOLIS

One-North

The vision for one-north is steadily becoming reality as world-class research facilities, business parks and commercial spaces continue to be developed here to provide quality business spaces and to support activities in biomedical sciences, physical sciences, engineering, infocomm technology and the media industry.

Artist's impression of one-north
Artist's impression of one-north
© JTC Corporation

The development of Nepal Hill, planned as a leadership training and development hub, is also progressing well. Four Acres Singapore, the first global leadership development centre outside of London for the global conglomerate Unilever, opened this year.

Major industry names like Procter & Gamble, Lucasfilm, ESSEC Business School and MediaCorp have also committed substantial investments to develop their own facilities, which will contribute to the flourishing of the research and business communities at one-north when completed.

At Fusionopolis, construction has commenced for Phase 5 which will pioneer the “Work Office Home Office” (“WOHO”) concept offering flexible spaces for office, living and lifestyle functions. Infinite Studios, the first development within Mediapolis, was completed recently and houses Singapore’s largest soundstages.

imgeconomy8
Artist’s impression of Mediapolis
© JTC Corporation

HOLLAND VILLAGE SET FOR MORE BUZZ MIXED USE RELEASED

Site located on Holland Road and close to junction with North Buona Vista Road expected to draw big developers

Condo- Holland Road

The proposed development has to be “compellingly attractive on its own and yet will complement the adjacent low-rise and street-oriented character of Holland Village. The development should reinforce the vibrancy of Holland Village and incorporate new high-quality public spaces for people to gather and interact”, the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) said in a joint statement yesterday.

If successfully triggered for tender, the site, which is located along Holland Road close to the junction with North Buona Vista Road, will be the first land parcel to come under the Concept and Price Revenue tender system since 2010. A concept proposal will be evaluated before the bid prices are considered, a move that property analysts say will allow the Government to have better control over the development of Holland Village and preserve the area’s identity.

“It is no longer based on the highest bidder and this way, the Government will know what is coming up on this site and whether it is in line with what they have in mind. If all the concepts are not favourable, they don’t have to award the tender,” said Mr Chris Koh, director of Chris International.

Condo- Holland Road 2

TOP BID FOR LAND PARCEL AT DUNDEE ROAD SITE

HY Realty, which shares the same shareholders as Chinese developer Hao Yuan Investment, has emerged as the top bidder for the land parcel at Dundee Road in Queenstown that drew nine offers.

Its S$483.18 million bid, which works out to S$871.14 per square foot per plot ratio (psf ppr) for the 99-year lease site, was 8.4 per cent higher than the second-highest bid, from Allgreen Properties.

The owners and directors of HY Realty, Du Zhenzeng and Wen Baoguo, who also own Hao Yuan, are shifting their focus in development projects from suburban to city-fringe homes through this new vehicle, BT understands.

HY Realty plans to develop a 700-unit condominium on the 10,516 square metre site, which is close to the Queenstown MRT Station. "Dundee Road project is expected to be launched in the first quarter of 2016," said a HY Realty spokesman.

"We are confident of this location as city-fringe homes are always in high demand due to the close proximity to city centre as well as the high density of amenities," he added.

Desmond Sim, CBRE research head for Singapore and South-east Asia, noted that the top bid reflects the developer's landbanking hunger and confidence in the Dundee Road site's location, being in the Queenstown Planning area, in the Central Region of Singapore.

"As end-June marks the second anniversary of TDSR (total debt servicing ratio), bidders for this site have the advantage of being able to punt on a possible review of the property measures," he said.

But JLL head of research for South-east Asia Chua Yang Liang noted that the number of bids drawn was the lowest for a residential site in the Rest of Central Region (RCR) since the third quarter of 2014 when a site at Sims Drive received just four bids. This is also lower than the 14 bids drawn by a 99-year private condo land site in Toa Payoh that just closed last week.

"The smaller number of bidders could suggest two things: Firstly, developers are not as enthusiastic over this site; and secondly, there is bid saturation as developers struggle to absorb the two sites consecutively in what is a slowing market," Dr Chua said.

"We reckon the developer could be looking at a selling price of between S$1,550 and S$1,600 psf, assuming a construction cost of between S$320 and S$360 psf," Dr Chua said. "This could be priced to sell especially since the average take-up rate of the nearby project, developments around Queenstown and Redhill have been about 20 to 60 per cent with an average price for new sales ranging between S$1,680 and S$1,750 psf."

Among the bidders for the new launch coming in Dundee Road site, Allgreen Properties priced the site at S$803.95 psf ppr while Hong Leong Holdings, CDL and Hong Realty put in a S$780.26 psf ppr bid. Cheung Kong Holdings' unit Japura Development put in the lowest bid of S$506.63 psf ppr.

R'ST Research director Ong Kah Seng noted that the cautious bidding among developers was expected given that a nearby project, Commonwealth Towers, also in Queenstown, launched about a year ago, still has 400 unlaunched units as at end-May. It sold 372 units out of a total 845 units so far, based on caveats lodged. He expects the future project at Dundee Road to sell for at least S$1,500 psf. "To achieve high selling prices for the development, the project is expected to roll out more small-format units."

Condos in Queenstown/Redhill Over Past 3 Years

Land Sale DateProjectTenureDistance to MRTLand Cost ($PSF PPR)Estimated Average Price ($PSF)
23 Jun 2015 Dundee Road (to be named) 99 years 128m to Queenstown 871 -
21 Apr 2014

The Crest

99 years 508m to Redhill 821 1,679
7 Feb 2013 Commonwealth Towers 99 years 171m to Queenstown 883 1,745
12 Dec 2012 Alex Residences 99 years 260m to Redhill 970 1,715

 


Source: Business Times 24th June 2015

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