PROJECT DETAILS
Three land parcel sites along Balmoral Road, located at the Core Central Region of Singapore, were sold for New and Upcoming Condo developments under Collective Sales, in year 2017 and 2018. They are the former sites of Sloane Court Hotel, 11 Balmoral Road and Balmoral Gardens. Balmoral Road, located in Core Central Region of Singapore, is a stretch of road that will lead to Stevens Road on one end and Bukit Timah Road on the other end. It is a short drive to Singapore Orchard Road.
These three land sites include
- Sloane Court Hotel
New Launch- Sloane Residences
- 11, Balmoral Road and Balmoral Gardens
New Launch - The Hyde
Tiong Seng and Ocean Sky submitted the top bid of S$80.5 million for Sloane Court Hotel, this translates to a land rate of S$1,616 psf ppr
Woh Hup submitted the top bid of S$73.8 million for 11, Balmoral Road, and top bid of S$83 million for Balmoral Gardens. These 2 sites will have a combined area of 66,951 square feet and will be developed into The Hyde (as above).
New Condo at Balmoral Road- Connectivity
New and upcoming Condos at Balmoral are near to Newton MRT Station which operates the North South Line. Future residents of New Condo at Balmoral Road will find a conduit of convenience when the nearby Stevens Train Station which operates both the Downtown Line and Thomson East Coast Line comes into operation soon. For those commuting to the downtown business district, New Condo at Balmoral Road is just 5 train stations away. Three Balmoral is also conveniently linked to various major arterial roads and expressways. The nearby Central Expressway (CTE) allows drivers to access to and fro from various parts of the island easily. New Condo at Balmoral Road is just a mere 3 minutes’ drive to the main Orchard Shopping Belt. The Central Business District (CBD) is also just 6 minutes’ drive away from New Condo at Balmoral Road.
New Condo at Balmoral Road- Amenities
Future residents of New and Upcoming Condo at Balmoral Road will find conveniences and hassle free living. With a short distance away from Orchard Road, future residents will find many shopping, dining and leisure facilities easily within their reach. Some of the nearby malls, that are within walking distance, includes Orchard Towers, Delfi Orchard, DFS Galleria Scottswalk, Forum The Shopping Mall, Pacific Plaza, Far East Plaza, Shaw House, Tanglin Shopping Centre, Scotts Square and Far East Shopping Centre. New Condo at Balmoral Road is also close to Newton Food Centre where many famous and delicious local food stalls can be easily found.
New Condo at Balmoral Road- Education
On top of the conveniences, New Condo at Balmoral Road is also great for parents with school children and family living as it is near to some of Singapore’s finest education institutions. Schools that are nearby to Three Balmoral includes Anglo-Chinese Primary School, Singapore Chinese Girls’ School, Anglo-Chinese Junior School, Raffles Girls’ Secondary School, Singapore Chinese Girls’ School, Anglo-Chinese School (Barker Road), St Joseph’s Institution and Catholic Junior College.
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Heart of New Central
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Wallich Residence with
181 Limited Collection
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Super Penthouse at 21,108sqft
Other Developments in
Core Central Region
Core Central Region
| Project | New Condo at Balmoral Road, former site of Sloane Court Hotel |
| Developer | Tiong Seng Holdings and Ocean Sky International |
| Location | 17, Balmoral Road |
| District | 10 |
| Tenure | Freehold |
| Site Area | 3,617.9 square metres/ 38,943 square feet |
| GFA: | |
| Plot Ratio | 1.6 |
| Expected TOP: | |
| Total Units | |
| Total Carpark | |
| Development | Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreigner can buy |
| Project | The Hyde |
| Developer | Woh Hup (AurumLand) |
| Location | 11, Balmoral Road |
| District | 10 |
| Tenure | Freehold |
| Site Area | 6,219 square metres/ 66,951 square feet |
| GFA: | |
| Plot Ratio | 1.6 |
| Expected TOP Date: | 2023 |
| Total Units | 117 residential apartments |
| Total Carpark | |
| Development | Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreigner can buy (No restriction) |
LOCATION and AMENITIES
Amenities Near New Condo at Balmoral Road
| Category | Important Amenities Near New Condo at Balmoral Road | Approximate Distance |
| Train Stations | Newton (NS21) Stevens (DT10/TS11) Downtown Line Due 2015, Thomson Line Due 2021 |
0.9km 0.8km |
| Bus Stop | Raffles Girls’ Sch (Bus: NR2, NR3 , 105, 132, 190) The Pines (Bus: NR2, NR3 , 105, 132, 190) |
0.1km 0.2km |
| Supermarkets | Jasons The Gourmet Grocer NTUC Sheng Siong Giant |
0.7km 1.5km 3.0km 3.1km |
| Shopping Malls | Orchard Towers Delfi Orchard DFS Galleria Scottswalk Forum The Shopping Mall Pacific Plaza Far East Plaza Shaw House Tanglin Shopping Centre Scotts Square Far East Shopping Centre |
0.7km 0.7km 0.8km 0.8km 0.8km 0.8km 0.9km 0.9km 0.9km 0.9km |
| Education Institutions | Preschool | |
| Gracefields Kindergarten Far Eastern Kindergarten Little Woods Montessori Pre-School Wee Care Kindergarten Newton Kindergarten Little Raindrops Montessori Pre-School Little Hands Montessori Kindergarten Montessori For Children (Newton) GUG The Kindergarten Thomson Road Baptist Kindergarten |
1.0km 1.0km 1.1km 1.2km 1.2km 1.3km 1.4km 1.4km 1.6km 1.7km |
|
| Primary | ||
| Anglo-Chinese Primary School Singapore Chinese Girls’ School Anglo-Chinese Junior School |
0.8km 0.8km 1.4km |
|
| Secondary | ||
| Raffles Girls’ Secondary School Singapore Chinese Girls’ School Anglo-Chinese School (Barker Road) St Joseph’s Institution |
0.3km 0.8km 0.9km 1.0km |
|
| Junior College | ||
| Catholic Junior College | 1.4km | |
| Tertiary | ||
| National University of Singapore (Bukit Timah Campus) | 1.5km | |
| International | ||
| Chinese International School ISS International School (Elementary) Overseas Family School Finnish Supplementary School Chatsworth International School (Orchard Campus) Italian Supplementary School Swedish Supplementary School |
0.8km 1.3km 1.4km 1.4km 1.6km 1.6km 1.7km |
|
| Food Centre | Newton Food Centre | 1.0km |
| Lifestyle | The Pines Club Tanglin Club The American Club Raffles Town Club Singapore Botanic Gardens Tanglin Golf Course |
0.1km 0.5km 0.6km 1.1km 1.5km 1.6km |
FACILITIES and SITE PLAN E-BROCHURE
RESIDENTIAL FLOOR PLANS E-BROCHURE
SLOANE COURT HOTEL SITE TO BE DEVELOPED INTO 12 STOREY LUXURIOUS CONDOMOINIUM
1) SINGAPORE - Singapore-listed Tiong Seng Holdings and Ocean Sky International have come together to buy Sloane Court Hotel and a small adjoining plot for S$80.5 million for redevelopment, the companies announced in pre-market exchange filings on Monday (Aug 28)
The price excludes development charges for intensifying usage of the land.
Tiong Seng chief operating officer Lim Geok Hwee told The Straits Times on Monday that the joint venture company plans to redevelop the site into a 12-storey, 80 unit condominium, with each unit averaging 700 square feet.
"To build up to the maximum allowable gross floor area, we will have to pay a development charge for intensifying use of the land," Mr Lim said.
This will be the second joint venture project Tiong Seng has entered into with Ocean Sky. The first acquisition they made together was for two freehold sites on Jervois Road for S$21 million, which they plan to develop into a 21 apartment project.
"We expect the residential outlook to be good in the next two years. The tenders and en bloc sales that have happened in the last year have been done at high prices, so that will likely translate to higher home selling prices next year," Mr Lim said.
Tiong Seng, through its wholly owned subsidiary Yuan Ching Development Pte Ltd, has a 60 per cent interest in the joint venture TSky Development, while Ocean Sky holds the remaining 40 per cent stake through its unit Arctic Sky Investment.
TSky Development entered into a deal last Friday to buy Sloane Court Hotel at Balmoral Road and lot 99899P of town sub division 26 for S$80.5 million.
The proposed acquisition is conditional upon the approval of the shareholders of the vendors of the sites.
Located in prime district 10, the hotel with the small adjoining plot has a combined site area of approximately 3,617.9 square metres (38,943 square feet) and is zoned "Residential" with a gross plot ratio of 1.6.
TSky Development will set up a project company to undertake the development of the sites.
11 BALMORAL ROAD SOLD S$73.8 MILLION THROUGH COLLECTIVE SALES
2) Property consultancy JLL has launched 11 Balmoral Road in prime District 10 for collective sale at $75 million.
The asking price translates to a land rate of about $1,761 psf per plot ratio, inclusive of the development charge which is estimated to be around $10 million.
This is the development’s first collective sale attempt with 100 percent owners’ consent. As such, Strata Titles Board approval for the sale is not required.
Built in the mid-1990s, the property comprises 17 units in two four-storey apartment blocks.
The 30,200 sq ft site is zoned residential with a gross plot ratio of 1.6 under the 2014 Master Plan. It could be redeveloped into a high-end condominium of up to 12 storeys.
Subject to design and approval from the Urban Redevelopment Authority, a developer may potentially configure the allowable gross floor area of 48,320 sq ft up to a maximum of 64 apartments.
The site is a short walk from Newton MRT interchange, which connects to Orchard Road and the Botanic Gardens. Nearby schools include Singapore Chinese Girls’ School and Anglo-Chinese School (Primary).
“11 Balmoral Road is a compelling offering of a freehold site with manageable quantum. It is expected to attract a wide pool of developers due to its affordability and a very prime location,” said Tan Hong Boon, regional director at JLL.
AURUM LAND BUYS ALL UNITS IN BALMORAL GARDENS
3) AURUM Land, the boutique development arm of Woh Hup group, is understood to have done a bulk purchase of all eight units that make up Balmoral Gardens for nearly S$83 million.
The property is next to 11 Balmoral Road which Aurum acquired last year. Market watchers expect the group to amalgamate the two prime district 10 freehold sites; Aurum could potentially build a 12-storey condo with about 100 units averaging 1,000 sq ft on the combined site of about 67,000 sq ft.
The Business Times understands that the price Aurum paid for the Balmoral Gardens site reflects around S$1,812 per square foot per plot ratio (psf ppr) inclusive of estimated development charges payable to the state.
Currently on the 36,752 sq ft site is a four-storey development comprising eight apartments, ranging from 4,200 sq ft to 4,800 sq ft.
The owners of the eight apartments are understood to have sold their units individually to Aurum Land. The development is more than 30 years old.
Under the Urban Redevelopment Authority's Master Plan 2014, both the Balmoral Gardens and 11 Balmoral Road sites are zoned for residential use with a plot ratio (ratio of maximum gross floor area to land area) of 1.6.
Last November, Aurum quietly bagged the next-door 11 Balmoral Road through a collective sale for S$73.8 million, which worked out to S$1,750 psf ppr inclusive of DC. That development has a land area of 30,200 sq ft.
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