PROJECT DETAILS
Selegie Centre and Peace Centre (Peace Mansions) along Selegie Road, Central Region of Singapore, have both been sold through a collective sales, for S$120 million and $650 million respectively. Located at the junction of Mackenzie and Selegie roads, bordering the Central usiness District (CBD).
New and Upcoming Condo in Selegie Road is approximately 400 m away from Rochor MRT Station and Little India MRT Interchange serving the North-East and Downtown Line. It is about 800 metres to Dhoby Ghaut Interchange, serving the North-South Line and Circle Line. Its future residents can expect ease of commuting as the Dhoby Ghaut Train Station operates the North South Line, the North East Line and also the Circle Line. New Condo in Selegie Road is only 2 train stations away from Raffles Place. Residents will be able to enjoy 4 of the 6 major MRT Train Services with just walking distances away. For its future residents who drives, New Condo at Selegie Road is just 5 minutes away from the CBD. It is also easily connected to the Central Expressway (CTE), the East Coast Parkway (ECP) and the Nicoll Highway which makes driving a breeze to various parts of the island.
Selegie Road New Condo is only minutes’ walk to Tekka Market where residents can indulge in local delights. Other major Food Centres that are just within short walk away include Albert Centre Market and Food Centre, Beseh Food Centre and also Newton Food Centre. For more shopping and dining experiences, future residents of New and Upcoming Condo at Selegie Road can also head down to the nearby to Orchard Road and also Bugis Junction for variety of retail and F&B outlets.
New Condo at Selegie Road is also close to reputable schools such as St Margaret’s Primarty School, Anglo-Chinese Junior School and River Valley Primary School. It is also close to various tertiary institutions such as the Nanyang Academy Of Fine Arts, the Singapore Management University and The University of Chicago Booth School of Business. International educational establishments that are near to New Condo at Selegie Road include Insworld Institute, Chatsworth International School Orchard Campus, Swedish Supplementary School, Finnish Supplementary School, Overseas Family School, Italian Supplementary School and ISS International School.
In terms of recreations, New Condo at Selegie Road is close to various parks and recreation clubs. Its future residents can participate in many of the recreation activities or events offer at the Singapore Recreation Club, Singapore Cricket Club, Home TeamNS @ UE Square Club House, Civil Service Club – Tessensohn, The American Club or Tanglin Club. The nearby parks such as Istana Park, Fort Canning Park, War Memorial Park and Esplanade Park also offer future residents in Selegie Road a getaway from the hustle and bustle of the city by providing a peaceful ambiance and also lots of greenery to relax their minds.
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First Hand Information
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| Project | Selegie Road Condo 1 (Former Selegie Centre) |
| Developer | Peak Tower Corp |
| Location | Selegie Road |
| District | 07 |
| Tenure | Freehold |
| Site Area | |
| GFA: | |
| Plot Ratio | |
| Expected TOP: | |
| Total Units | |
| Total Carpark | |
| Development | Condo comprising of commercail retail spaces |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreigner can buy |
| Project | Selegie Road Condo 2 (Peace Centre/ Peace Mansions) |
| Developer | CEL Development, SingHaiyi and Ultra Infinity |
| Location | Selegie Road |
| District | 07 |
| Tenure | 99 years leasehold |
| Site Area | |
| GFA: | |
| Plot Ratio | |
| Expected TOP: | |
| Total Units | |
| Total Carpark | |
| Development | Condo comprising of commercail retail spaces |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreigner can buy |
LOCATION and AMENITIES
Amenities Near New Condo at Selegie Road
| Category | Important Amenities Near New Condo at Selegie Road | Approximate Distance |
| Train Stations | Little India Rochor Dhoby Ghaut (NS24/NE6/CC1) |
0.4km |
| Bus Stop | Peace Ctr (Bus: 1N, 2N, 3N, 4N, 5N, 6N, NR6, 131, 139, 147, 166, 857, 64, 65) NTUC Income Prinsep Hse (Bus: 64, 65, 1N, 2N, 3N, 4N, 5N, 6N, NR6, 131, 139, 147, 166, 857) |
0.2km 0.2km |
| Supermarkets | Cold Storage Sheng Siong Hypermarket Ntuc Fairprice Giant |
0.2km 0.6km 0.8km 1.3km |
| Shopping Malls | PoMo Parklane Shopping Centre The Cathay Plaza Singapura Park Mall Sim Lim Square Albert Complex Bugis+ Bugis Junction Orchard Plaza Orchard Point |
0.2km 0.2km 0.2km 0.4km 0.5km 0.6km 0.6km 0.7km 0.8km 0.8km 0.9km |
| Education Institutions | Preschool | |
| PCF Kampong Glam Blk 2 Kampong Kapor Methodist Church Kindergarten Foochow Methodist Church Kindergarten Christ Church Kindergarten PCF Moulmein Blk 10 PCF Kampong Glam Blk 462-3 Rosemary Hall Montessori Kindergarten PCF Jalan Besar Blk 806 Thomson Road Baptist Kindergarten Newton Kindergarten |
0.8km 0.9km 1.0km 1.2km 1.5km 1.5km 1.5km 1.6km 1.6km 1.7km |
|
| Primary | ||
| St Margaret Stamford Anglo-Chinese Junior Farrer Park River Valley |
0.4km 1.1km 1.2km 1.3km 1.6km |
|
| Secondary | ||
| Raffles Girls’ Secondary School | 2.4km | |
| Junior College | ||
| Catholic Junior College | 3.0km | |
| Tertiary | ||
| School of The Arts (SOTA) Nanyang Academy Of Fine Arts (NAFA) Singapore Management University (SMU) The University of Chicago Booth School of Business |
0.2km 0.4km 0.6km 0.6km |
|
| International | ||
| Insworld Institute Chatsworth International School Orchard Campus Swedish Supplementary School Finnish Supplementary School Overseas Family School Italian Supplementary School ISS International School |
0.6km 1.0km 1.2km 1.7km 1.8km 1.8km 2.0km |
|
| Food Centre | Tekka Market Albert Centre Market & Food Centre Berseh Food Centre Newton Food Centre Pek Kio Market And Food Court Centre Hong Lim Market & Food Centre Golden Mile Food Centre North Bridge Road Market & Food Centre People’s Park Complex Food Center |
0.6km 0.7km 1.2km 1.6km 1.7km 1.8km 1.8km 1.9km 1.9km |
| Lifestyle | Mt Emily Park Istana Park PA Staff Club Legends Fort Canning Park Stardus Clubhouse Home TeamNS – UE Square Club House War Memorial Park Singapore Recreation Club Esplanade Park Kampong Glam Constituency Sports Club Singapore Cricket Club People’s Association HQ Hong Lim Park – Speaker’s Corner Jalan Besar Stadium Civil Service Club – Tessensohn The American Club Tanglin Club Raffles Place Park Singapore Khalsa Association |
0.4km 0.5km 0.6km 0.6km 0.7km 1.0km 1.2km 1.2km 1.2km 1.4km 1.4km 1.5km 1.5km 1.7km 1.7km 1.9km 1.9km 2.0km 2.0km 2.0km |
FACILITIES SITE PLAN and FLOOR PLANS E-BROCHURE
The Facilities and Site plan of new condo launch at the former site of Selegie Centre, along Selegie Road are currently seeking approval from relevant authorities.
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LOCATED IN HEART OF KEY GROWTH DISTRICT
Selegie Road taps into City Central Region, Singapore URA Master Plan 2014
Singapore Urban Redevelopment Authority URA Master Plan 2014 envisions some exciting developments for the whole of Singapore's central area including Tanjong Pagar, The Greater Southern Waterfront District, City Hall, Marina Bay, Suntec and Bugis-Rochor area. The new prime City Central area will be a place for the people to engage community and arts, showcase Singapore's creative and artistic expression and links to Singapore's past and future aspirations. There will be more pedestrian- friendly precincts, public spaces and parks, night lightings and trees.
City Centre at Marina Bay is a unique and dynamic waterfront district, Garden City by the Bay, extending seamlessly from the CBD and it is zoned to be
- the next CBD, focusing on financial and business related activities
- More Commercial, residential buildings, hotel and entertainment spots are to be built.
- It will be a lifesytle destination for variety of water-based activities and events.
- Exensive road and rail network in the pipeline and
- Padestrain bridges that loops attractions and open spaces around the Bay.
Marina South will have
- a new population catchment as it will have a residential district of 9,000 new homes, with mix-development plan of hotels, offices and entertainment
- elevated landscape walkway that links the Bay South Garden to Marina South seafront
- 800 metres padestrain walkway beween the upcoming Marina South and Gardens by the Bay MRT Station
- underground carpark that allows motorists to drive between buildings that reduce ground level traffic
- feaures that can collect rain water and harness wind energy
- continuous waterfront promenade will be creaed from Marina South to Labrador for joggers and cyclists.
Beach Road/ Ophir- Rochor will have abundant conveniences being in the heart of City.
- It will be further of the CBD with extension of convention, offices and hotel hub of Marina Centre
- There will be more developments of office cluster for financial business institutions.
- It will be turned into an exciting Commercial hub, blending with entertainment, cultural and lifestyle.
- It will be turned into a strategic transport hub, the area will be well connected by rail and road network to many parts of Singapore.
Capitalising on Bugis and Bras Basah rich architectural and cultural heritage, URA is embarking on urban renewal efforts to transform it dramatically into Singapore's art, culture. learning and entertainment district.
From the cultural enclave of Kampong Glam to National Arts Gallery in the Civic and Cultural District to high skyscappers in Marina Bay, this growth area in Sturdee Road Condo promises residents a 24/7 city lifestyle. New major landmark developments will transform the city skyline, offering prestigious address locations and spectacular views out across the city. Strategic developments with conservation buildings will continue to inject vibracy, turning it into a lively art and education place, as an emerging commercial hub that will complement Singapore financial district.
SELEGIE CENTRE and PEACE CENTRE, PEACE MANSIONS GOT ENBLOC
Mixed-use development Selegie Centre has finally been sold at its $120 million reserve price, or $1,942 psf per plot ratio (psf ppr), following two failed en bloc attempts, reported the Straits Times.
This means apartment owners at the 30-year-old development in District 7 will receive around $1.7 million, while shop owners will receive between $1 million and $12 million, depending on their unit size, revealed sales committee chairman M. Thomas.
“The building needs many repair works to be done and it is timely for (it) to be revamped,” he said.
“We believe that the redeveloped building will be a landmark for the overall outlook of the Tekka or Little India precincts…It will form an integrated resort atmosphere for visitors passing through Selegie or Serangoon and Little India,” he added.
Located at the junction of Mackenzie and Selegie roads, bordering the central business district, the freehold property features 25 apartment units and 33 shops.
The 10-storey development, which was marketed by Property Link Services, is also within walking distance to the Rochor, Little India and Dhoby Ghaut MRT stations.
It is situated on the former site of the city-state’s transport hub in the 1950s and 1960s, boasting a gross floor area of slightly over 60,000 sq ft.
Selegie Centre’s buyer, Peak Tower Corp – which is backed by a developer and industrialist from Indonesia – hopes that zoning for the building will be changed as it intends to build a commercial complex or hotel there.
Peace Centre and Peace Mansion to go enbloc; SingHaiyi, Chip Eng Seng and KSH make successful joint offer of $650 mil
SingHaiyi Group, Chip Eng Seng Corporation and KSH Holdings, on Dec 3, have successfully made an offer of $650 million for the enbloc acquisition of Peace Centre and Peace Mansion.
The offer price of $650.0 million was made on Dec 2 by way of a private treaty, and was accepted on Dec 3.
The joint offer was made through Sing-Haiyi Crystal, CEL Development and Ultra Infinity.
Sing-Haiyi Crystal is a 50-50 joint venture (JV) between SingHaiyi Realty, SingHaiyi’s wholly-owned subsidiary and Haiyi Properties.
CEL Development is a wholly-owned subsidiary of Chip Eng Seng Corporation.
Ultra Infinity is a 33.3%-owned associated company of KSH Holdings. The other shareholders in Ultra Infinity are SLB Development and Ho Lee Group holding respective stakes of 33.33% each.
Peace Centre and Peace Mansion has a total land area of 7,118 sqm and have a 99-year leasehold tenure beginning from June 2, 1970.
The joint offerors will seek in-principle approval from the Singapore Land Authority (SLA) to issue a fresh 99-year lease. They will also seek approval from the Urban Redevelopment Authority (URA) to redevelop the property into a mixed-use commercial and residential development.
The commercial component will be 60% of the total gross floor area (GFA), while the residential component will comprise 40% of the total GFA.
The property launched a collective sale tender on Sept 6. According to a press release by JLL at the time, the owners said they were expecting offers of more than $650 million for the entire commercial site.
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