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2 Land Sites sold for
New Upcoming Condo-Redevelopments

Former En-Bloc sites of
- The Wilshire and
- Tulip Gardens

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More information and Updates!

PROJECT DETAILS

 
 

2 sites along Farrer Road were sold for New and Upcoming Condo developments in last quarters of 2017 and 2018, through collective sales.

 

The 2 sites are the former sites of 
- The Wilshire and
- Tulip Gardens

 

Other Upcoming developments launching in Holland Road, include  (Please click HERE)

 

Other condo developments along Farrer Road include Leedon Residences, D'Leedon, Parvis, Poiien and Bleu, Spanish Village, Sommerville Grandeur, Gallop Green and Sommerville Park.

 

Condo at Farrer Road 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 Farrer Road is also well connected to the Pan Island Expressway (PIE) which leads to parts of Singapore.

 

It is just next door to Empress Market & Food Centre which makes finding food easy. There are more choices as New Condo at Farrer Road 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 Condo at Farrer Road to choose from to get the daily needs.

 

For parents, your child’s education needs will be the last to worry. New Condo at Farrer Road has quite a number of esteemed schools within 2 km, that range from preschool to Tertiary level. School nearby New Condo at Farrer Road 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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Heart of New Central
Financial District
Marina One Residences

Heart of Tanjong Pagar
Financial District
Wallich Residence with
181 Limited Collection
Super Penthouse at 21,108sqft

Other Developments in
Core Central Region
 
 
 
 
 
Project  New Condo at Farrer Road- former site of The Wilshire
Developer  Roxy Pacific Holdings and TE2 Developments
Location  Farrer Road
District  10
Tenure  Freehold
Site Area  3,635 square metres/ 39,130 square feet
GFA:  5,974 square metres/ 64,310 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/ SC, SC/SPR and Foreigner can buy
 
Farrer Road New Condo Unit Mix Distribution
Unit TypeTypeArea (Square Feet)Total No. of Units
1 Bedroom TBA TBA TBA
2 Bedroom TBA TBA TBA
3 Bedroom TBA TBA TBA
4 Bedroom TBA TBA TBA
5 Bedroom TBA TBA TBA
Penthouse TBA TBA TBA
Farrer Road New Condo Facilities
TBA
  • TBA
  • TBA
Farrer Road New Condo Price List
Unit TypeArea (Square Feet)PricingPSF
1 Bedroom TBA TBA TBA
2 Bedroom TBA TBA TBA
3 Bedroom TBA TBA TBA
4 Bedroom TBA TBA TBA
5 Bedroom TBA TBA TBA
Penthouse TBA TBA TBA
 

Project  New Condo at Farrer Road- former site of Tulip Gardens
Developer  YanLord Land Group and MCL
Location  Farrer Road
District  10
Tenure  Freehold
Site Area  29,422 square metres/ 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/ SC, SC/SPR and Foreigner can buy
 

Farrer Road New Condo Unit Mix Distribution
Unit TypeTypeArea (Square Feet)Total No. of Units
1 Bedroom TBA TBA TBA
2 Bedroom TBA TBA TBA
3 Bedroom TBA TBA TBA
4 Bedroom TBA TBA TBA
5 Bedroom TBA TBA TBA
Penthouse TBA TBA TBA
Farrer Road New Condo Facilities
TBA
  • TBA
  • TBA
Farrer Road New Condo Price List
Unit TypeArea (Square Feet)PricingPSF
1 Bedroom TBA TBA TBA
2 Bedroom TBA TBA TBA
3 Bedroom TBA TBA TBA
4 Bedroom TBA TBA TBA
5 Bedroom TBA TBA TBA
Penthouse TBA TBA TBA
 

LOCATION MAP and AMENITIES

Amenities Near New Condo at Farrer Road

Category Important Amenities Near New Condo at Farrer Road Approximate Distance
Train Stations Farrer Road (CC20)
Tan Kah Kee (DT8) Due 2015
0.4km
1.1km
Bus Stop Farrer Road Market (B11101)(Bus: 48, 93, 153, 165, 174, 186, 564, 855, 961)
Spanish Village (B11109)(Bus: 48, 93, 153, 165, 174, 186, 564, 855, 961, 5N)
0.2km
0.2km
Supermarkets Cold Storage
Ntuc Fairprice
Shop N Save
Sheng Siong
1.2km
1.2km
1.8km
1.8km
Shopping Malls King’s Arcade
Coronation Shopping Centre
Holland Village
1.0km
1.1km
1.2km
Education Institutions Preschool
Nanyang Kindergarten (King’s Rd)
Nanyang Kindergarten (Coronation Rd)
Global Tots
Maris Stella Kindergarten
Little Wings
Bibinogs
Cherie Hearts
Eton House
Cherrybrook Kindergarten
0.2km
0.5km
0.9km
1.0km
1.3km
1.3km
1.4km
1.7km
1.8km
Primary
Nanyang Primary School
Raffles Girls’ Primary School
New Town Primary School
0.7km
1.6km
1.9km
Secondary
St Margaret’s Secondary School
Hwa Chong Institution
Queensway Secondary School
Nanyang Girls’ High School
Assumption English School
0.7km
1.0km
1.5km
1.6km
1.7km
Junior College
Hwa Chong Junior College
National Junior College
1.0km
1.5km
Tertiary
NUS Faculty of Law (Bukit Timah Campus)
Singapore Polytechnic
1.6km
3.0km
International
Norwegian Supplementary School
United World College Of South East Asia (UWCSEA) – Dover Campus
3.2km
3.8km
Food Centre Empress Market
Holland Market & Food Centre
Commonwealth Crescent Market & Food Centre
Adam Rd Food Centre
Holland Drive Market & Food Centre
Commonwealth Ave Food Centre
0.2km
1.2km
1.2km
1.4km
1.7km
2.0km
Lifestyle Singapore Botanic Gardens
Tanglin Golf Course
Hollandse Club
Archery Club
Queens Town Club
Queenstown Stadium
0.9km
1.7km
1.7km
1.9km
2.0km
2.5km

FACILITIES SITE PLAN and FLOOR PLANS E-BROCHURE

The Facilities and Site plan of New Condo in Farrer Road are currently seeking approval from relevant authorities.

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THE WILSHIRE SOLD TO ROXY PACIFIC HOLDINGS and TE2 DEVELOPMENT THROUGH COLLECTIVE SALES

1) The Wilshire on Farrer Road was sold to a joint-venture between Singapore-listed property group, Roxy-Pacific Holdings and the privately held TE2 Development for $98.8 million. The purchase price translates to a land rate of $1,536 psf per plot ratio (ppr). Given its high development baseline, there is no development charge payable. The land rate would be reduced to $1,455 psf ppr after allowing a development charge of $4.1 million for the 10% bonus GFA balcony space, according to Suzie Mok, Savills Singapore senior director of investment sales who brokered the deal.

TE2 Development is a private family office of Tong Eng Group’s managing director Teo Tong Lim. A week ago, TE2 Development and Roxy-Pacific acquired the 43-unit Kismis View en bloc for $102.75 million. The price translates to a land rate of $941 psf ppr including $17 million payable for topping up the lease to a fresh 99-years.
The Wilshire sits on a freehold site of 39,130 sq ft. Based on the Master Plan 2014, it is zoned for residential use with a plot ratio of 1.6. The site can be redeveloped up to a height limit of 12 storeys with a maximum gross floor area of 64,310 sq ft.
 
The existing eight-storey building at The Wilshire contains 20 units sized from 2,196 to 5,662 sq ft. Each owner is expected to receive proceeds ranging from $3.76 to $7.46 million from the collective sale. The sale price is just slightly higher than the asking price of $98.07 million ($1,525 psf ppr) announced when the property was launched for sale in December.
 
Source: The Edge

TULIP GARDEN SOLD THOUGH COLLECTIVE SALES TO YANLORD LAND GROUP and MCL

2) A JOINT entity by Chinese developer Yanlord Land Group and MCL Land has successfully tendered for the en bloc sale of the freehold Tulip Garden for S$906.9 million, the nation's second largest collective sales deal so far in 2018.

The sale price is 20.4 per cent higher than the reserve price of S$753 million submitted by owners of the 316,708 sq ft estate.

Tulip Garden comprises 162 apartments and maisonettes and two shop units, and is located in District 10 close to Holland Village and a Good Class Bungalow area.

Depending on the size of the property, which range from 1,701 sq ft to 3,412 sq ft, each residential unit owner could receive between S$4.3 million and S$7.6 million.

The sale price works out to a land rate of S$1,790 per square foot per plot ratio (psf ppr). This is higher than recent collective sales transactions in the area such as the S$1,703 psf ppr for Hollandia; S$1,654 psf ppr for The Estoril and S$1,536 psf ppr for The Wilshire.

It could potentially yield up to 670 residential units with its plot ratio of 1.6, said Yanlord in a Singapore Exchange announcement after trading hours on April 12.

It is zoned for an allowable height of up to 12 storeys. No development charge is payable for redevelopment up to a gross plot ratio of 1.6, said marketing agent Colliers International in a statement

The acquisition is being made by Asia Radiant, an entity under a jointly-held entity between the mainboard-listed Yanlord and MCL, a unit of Hongkong Land Holdings.

The acquisition marks Yanlord's maiden entry into Singapore's prime freehold residential property market.

So far, the highest collective sale deal this year belongs to Pacific Mansion in River Valley, which was acquired by GuocoLand, Intrepid Investments and Hong Realty for S$980 million.

It is a case of fourth-time lucky for Tulip Garden owners. The development actually was sold in July 2007 during its first try, but the buyer - a consortium led by Bravo Building Construction - backed out after trouble raising funds.

Tang Wei Leng, managing director at Colliers International, said: "Despite a spate of collective sale deals done in the Holland Road area in recent months and a large slate of redevelopment sites on the market, the tender for Tulip Garden still attracted very keen interest - a testament to its excellent locational attributes."

Yanlord said the acquisition and development of the project will be financed by internal resources and bank borrowings.

Source: Business Times

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