PROJECT DETAILS
Urban Redevelopment Authority Singapore (URA) has sold a residential site in Handy Road as part of Government Land Sales (GLS). This land parcel is a short walk to Dhoby Gaut MRT Station, Orchard Road and is within the Core Central Region of Singapore and is listed under the list of sites and is allocated to be developed into a residential condominium. It has a land site area of 51,624 square feet of land and is expected to house approximately 200 units.
CDL Developments won the top bid of S$212.2 million, which translates to S$1722 per square foot per plot ratio psf ppr. The breakeven price will be around S$2300psf and selling price will hence, be looking at around averge S$2600psf. CDL said it will explore developing three residential towers - eight to 10 storeys high - with about 200 apartments and a basement carpark for the Handy Road site. It will convert a conservation building on the site into a clubhouse. New Launch- Haus on Handy
New Condo at Handy Road- Connectivity
New and Upcoming Condo in Handy Road is near to Dhoby Ghaut Mrt Station which serves as the Interchange for Circle Line, North-East Line and North-South Line. New and upcoming condo in Handy Road is approximately just 200 m away from Dhoby Ghaut Interchange. Its future residents can enjoy fast and efficient commuting to any parts of Singapore as Dhoby Ghaut serves the North South Line, the North East Line and Circle Line. It is also approximately 400 m away from the upcoming Bencoolen Downtown Line Train Station which is slated to start its operation in 2017. Future residents of new and upcoming condo in Handy Road will appreciate the efficient and convenience of commuting with this comprehensive train network available.
New condo in Handy Road is just 6 minutes’ drive to the downtown financial district area. To travel to other parts of the island, Handy Road Condo residents can also drive to the nearby the Central Expressway (CTE) and the East Coast Parkway (ECP).
New Condo at Handy Road- Education
The primary schools and secondary school that are within close proximity to New and upcoming Condo at Handy Road include Saint Margaret’s Primary School, Stamford Primary School, Anglo-Chinese School (Junior), Farrer Park Primary School, River Valley Primary School, Saint Joseph’s Institution Junior and Outram Secondary School.
New Condo at Handy Road is also near to institutions that offer undergraduate and postgraduate degree. The Singapore Management University, the Nanyang Academy of Fine Arts and the world renowned University of Chicago Booth School of Business are short distance away.
New Condo at Handy Road will appeal to expat families as it is near to a number of international schools which are Insworld Institute, Chatsworth International School (Orchard Campus), Swedish Supplementary School, Finnish Supplementary School, Overseas Family School, Italian Supplementary School and ISS International School Singapore.
New Condo at Handy Road- Amenities
New and upcoming Condo at Handy Road is just minutes’ walk to Orchard Shopping Belt where numerous shopping, dining, entertainment and leisure facilities are located. Future residents of new condo at Handy Road can also choose to do the dining and getting their basic daily needs at Plaza Singapura which is 300 m away. Other nearby shopping malls include PoMo, Parklane, Park Mall, Concorde Hotel & Shopping Mall, Sim Lim Square, Raffles City Shopping Centre, Bugis Junction, Bugis+, Bugis Village, Marina Square and Suntec City.
For local delights, residents of New Condo at Handy Road has a wide array to choose from as it is near to Tekka Market, Albert Centre Food Centre, Berseh Food Centre, Newton Food Centre, Kukoh 21 Food Centre, Pek Kio Market And Food Court Centre and also Golden Mile Food Centre.
For recreation, residents of New condo at Handy Road have also many choices such as HomeTeamNS @ UE Shopping Mall, Singapore Cricket Club, Kampong Glam Constituency Sports Club, Tanglin Club and American Club. Residents of new condo at Handy Road can also enjoy pockets of greenery at Fort Canning Park, Hong Lim Park, Istana Park and Pearl’s Hill City Park.
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| Project | Handy Road New Condo |
| Developer | CDL Developments |
| Location | Handy Road |
| District | 09 |
| Tenure | 99 years lease |
| Site Area | 4,796 square metres/ 51,624 square feet |
| GFA: | 11,446 square metres/ 123,204 square feet |
| Plot Ratio | 2.8 |
| Expected TOP: | |
| Total Units | Approximately 200 residential apartments |
| Total Carpark | |
| Development | Private Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC/ SC, SC/SPR and Foreigner can buy |
LOCATION MAP and AMENITIES
Amenities Near New Condo at Handy Road
| Category | Important Amenities Near New Condo at Handy Road | Approximate Distance |
| Train Stations | Dhoby Ghaut (NS24/CC1/NE6) | 0.3km |
| Bus Stop | Peace Ctr (Bus: 1N, 2N, 3N, 4N, 5N, 6N, 64, 65, 131, 139, 147, 166, 857, NR6) Sch of the Arts (Bus:1N, 2N, 3N, 4N, 5N, 6N, 64, 65, 131, 139, 147, 166, 857, NR6) Dhoby Ghaut Stn (Bus: 1N, 2N, 3N, 4N, 5N, 6N, 7, 14, 14E, 16, 36, 77, 106, 111, 124, 128, 162, 162M, 167, 171, 174, 174E, 175, 190, 502, 502A, 518, 518A, 700, 700A, 850E, 951E, 971E, NR6, NR7) |
0.3km 0.3km 0.3km |
| Supermarkets | Cold Storage Sheng Siong NTUC Giant |
0.2km 0.7km 0.9km 1.4km |
| Shopping Malls | The Cathay PoMo Parklane Dhoby Ghaut Xchange Plaza Singapura Park Mall Concorde Hotel & Shopping Mall Fortune Centre Sim Lim Square The Verge |
0.1km 0.2km 0.2km 0.2km 0.3km 0.4km 0.5km 0.5km 0.7km 0.7km |
| Education Institutions | Preschool | |
| JHS Montessori Kindergarten PCF Kampong Glam Blk 2 Foochow Methodist Church Kindergarten Kampong Kapor Methodist Church Kindergarten Christ Church Kindergarten Rosemary Hall Montessori Kindergarten PCF Moulmein Blk 10 PCF Kampong Glam Blk 462-3 Thomson Road Baptist Kindergarten Derbyshire Kindergarten |
0.8km 0.9km 1.0km 1.0km 1.2km 1.6km 1.6km 1.6km 1.6km 1.6km |
|
| Primary | ||
| Saint Margaret’s Primary School Stamford Primary School Anglo-Chinese School (Junior) Farrer Park Primary School River Valley Primary School Saint Joseph’s Institution Junior |
0.3km 1.2km 1.2km 1.3km 1.5km 1.9km |
|
| Secondary | ||
| Outram Secondary School | 2.0km | |
| Junior College | ||
| Catholic Junior College | 3.0km | |
| Tertiary | ||
| Singapore Management University Nanyang Academy of Fine Arts The University of Chicago Booth School of Business |
0.4km 0.5km 0.5km |
|
| International | ||
| Insworld Institute Chatsworth International School (Orchard Campus) Swedish Supplementary School Finnish Supplementary School Overseas Family School Italian Supplementary School International School Singapore |
0.7km 1.0km 1.1km 1.7km 1.8km 1.9km 1.9km |
|
| Food Centre | Tekka Market Albert Centre Berseh Food Centre Newton Food Centre Kukoh 21 Food Centre Pek Kio Market And Food Court Centre Hong Lim Market & Food Centre Golden Shoe Food Centre People’s Park Complex Food Centre Golden Mile Food Centre North Bridge Road Market & Food Centre |
0.7km 0.8km 1.3km 1.5km 1.6km 1.7km 1.7km 1.8km 1.9km 1.9km 1.9km |
| Lifestyle | Istana Park The Legends People’s Association Staff Club Fort Canning Park HomeTeamNS @ UE Shopping Mall Singapore Recreation Club War Memorial Park Singapore Cricket Club Kampong Glam Constituency Sports Club Esplanade Park Hong Lim Park People’s Association Headquarters Jalan Besar Stadium Civil Service Club @ Tessensohn Tanglin Club American Club Pearl’s Hill City Park |
0.4km 0.6km 0.6km 0.8km 1.1km 1.2km 1.3km 1.4km 1.5km 1.5km 1.6km 1.6km 1.7km 1.9km 1.9km 1.9km 2.0km |
FACILITIES SITE PLAN and FLOOR PLAN E-BROCHURE
The Facilities and Site plan of new condo launch at Hand Road, Orchard Road, are currently seeking approval from relevant authorities.
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PRICE TRENDS FOR DEVELOPMENTS IN DISTRICT 09
LOCATED SHORT DISTANCE TO KEY GROWTH DISTRICT
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.
CDL DEVELOPMENTS WON TOP BID FOR GLS LAND PARCEL SITE FOR CONDO DEVELOPMENT IN HANDY ROAD
Developer City Developments (CDL) was the top bidder for two of the three private housing sites at a state tender that closed yesterday.
It lodged the top bid of $212.2 million, or $1,722 per square foot per plot ratio (psf ppr), for a plot in Handy Road near Dhoby Ghaut MRT station.
The firm also bid $472.4 million, or $800 psf ppr, for a land parcel in West Coast Vale.
The third site on offer, in Chong Kuo Road in the Sembawang/Mandai area, received a top offer of $43.95 million, or $681 psf ppr, from a partnership between Lian Soon Holdings and OKP Land.
CDL said it will explore developing three residential towers - eight to 10 storeys high - with about 200 apartments and a basement carpark for the Handy Road site. It will convert a conservation building on the site into a clubhouse.
The West Coast Vale site could house two 36-storey towers. The Urban Redevelopment Authority has stipulated a maximum of 730 residential units for this plot.
The tender for the Handy Road site drew 10 bids, while the Chong Kuo Road site received eight, and the West Coast Vale plot six.
CDL's bid for the Handy Road plotwas 12.3 per cent higher than the next offer, from Sing Essential, believed to be linked to Hong Kong parties.
The bid price was also just 0.6 per cent shy of the benchmark price of $1,733 psf ppr set for the Jiak Kim Road site awarded to Frasers Centrepoint last month, noted Colliers International's head of Singapore research, Ms Tricia Song.
Ms Song estimates CDL's breakeven cost for the Handy Road project at $2,300 psf and average selling price of $2,650 psf, adding: "Nearby, the 493-unit, 99-year leasehold Sophia Hills was 95 per cent sold as of (last month), and median prices have increased to $2,127 psf (last month) from an average of $1,900 to $2,000 psf earlier."
The simultaneous tender closings appeared to have had little impact in tempering bid prices, said property consultants.
JLL national director Ong Teck Hui said: "Bidding for all three sites was bullish with top bids exceeding or at the top end of expectations.
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