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A Successful En-Bloc of Katong Park Towers

Brought to You by Bukit Sembawang

Short walking distance to Upcoming
Katong Park MRT Station,
Thomson East-Coast Line

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More Information and Updates!

PROJECT DETAILS

 
 

Singapore-listed Bukit Sembawang Estates paid purchased the 117-unit, 99-year leasehold Katong Park Towers en bloc for $345 million, some 20% above the reserve price of $288 million. At the close of the tender on March 15, a total of 10 bids were received, and were all above the reserve price, says Christine Sim, director of capital markets at Cushman & Wakefield, who brokered the sale.

 

Bukit Sembawang’s purchase price translates to $1,280 psf per plot ratio after factoring in $60 million lease upgrading premium. Katong Park Tower can be redeveloped into a new residential development with a plot ratio of 2.1 and a maximum building height of 24 storeys. The site is located about 200m from the future Katong Park MRT station and is not affected by the traffic impact study.  Nestled in low-rise landed houses along Meyer and Mountbatten Roads, and will offer rare, unobstructed panoramic views of the city skyline.

 

New Condo Launch at former site of Katong Park Towers- Connectivity
Residents of new and upcoming condo at Katong Park can be served by the Katong Park MRT Station (Thomson East-Coast Line) which will start operating in 2023. 
 As of now, the current nearest Datoka Circle Line MRT station is just a short drive away from new condos at Meyer Road. Set in the prime location, a 5 minutes’ drive will get future residents of new condos at Meyer Road to the downtown Financial District and Marina Bay New Downtown. New Condo at Meyer Road residents can also take an 6 minutes’ drive down to the Orchard Shopping Belt for a weekend shopping spree. The nearby East Coast Parkway (ECP), Kallang Paya Lebar Expressway (KPE) and the Pan Island Expressway (PIE) makes island wide traveling a breeze.

 

New Condo Launch at former site of Katong Park Towers- Amenities
In terms of accessing to dining, shopping and entertainment facilities, future residents of new condo at former site of Katong Park Towers can take a 5 minutes’ drive down to Katong Shopping Centre, The Odeon Katong, Paramount Shopping Complex, Roxy Square, Parkway Parade, I12 Katong and Leisure Park Kallang where useful amenities such as food courts, supermarkets, retail outlets, F&B outlets and departmental stores are located which will bring everyday conveniences in terms of their daily shopping and dining needs.

 

New Condo Launch at former site of Katong Park Towers- Education
Local school such as Tanjong Katong Primary School, Kong Hwa School, Chung Cheng High School (Main), Dunman High School, Northlight School, Tanjong Katong Girls’ School, Broadrick Secondary School and Tanjong Katong Secondary School are also located within 2 km away from New Condo at former site of Katong Park Towers. 


There is an increasing convergence of views among developers that the down cycle, which lasted over four years, has turned a corner, and that it’s time to be back. 


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First Hand Information

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Project  New Condo at former site of Katong Park Towers
Developer  Bukit Sembawang
Location  Arthur Road
District  15
Tenure
Site Area
GFA:
Plot Ratio  2.1
Expected TOP:
Total Units  Approximately residential apartments
Total Carpark
Development  Private condominium comprising of communal facilities
Unit Type:
Architect
Eligibility SC, SPR and Foreigners can buy 
 
 
Arthur 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
Arthur Road New Condo Facilities
TBA
  • TBA
  • TBA
Arthur 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 and AMENITIES

Amenities Nearby New Condo at Meyer Road

Category Important Amenities in the vicinity of Meyer Road Approximate Distance
Train Stations Dakota (CC8)
Tanjong Katong (TE25) Thomson East Coast Line Due 2023
Katong Park (TE24) Thomson East Coast Line Due 2023
km
km
km
Bus Stop CP B1 (Bus: 401) km
Supermarkets Fairprice (Esso Mountbatten)
Cold Storage (Parkway Parade)
Giant (82 Marine Parade Central)
Sheng Siong (301 Geylang Road)
km
km
km
km
Shopping Malls Katong Shopping Centre
The Odeon Katong
Paramount Shopping Complex
Roxy Square
Parkway Parade
I12 Katong
Leisure Park Kallang
km
km
km
km
km
km
km
Education Institutions Preschool
Montessori For Children (Broadrick Campus)
Schoolhouse By The Bay
PCF Mountbatten Blk 14
PCF Mountbatten Blk 51
Saint Hilda’s Church Kindergarten
Kinderland Preschool (Marine Parade)
Tung Ling Kindergarten
White Lodge Kindergarten (East Coast)
Holy Family Kindergarten
Chen Li Kindergarten
km
km
km
km
km
km
km
km
km
km
Primary
Tanjong Katong Primary School
Kong Hwa School
km
km
Secondary
Chung Cheng High School (Main)
Dunman High School
Northlight School
Tanjong Katong Girls’ School
Broadrick Secondary School
Tanjong Katong Secondary School
km
km
km
km
km
km
Junior College
Dunman High School km
Tertiary
Singapore Management University km
International
Canadian International School (Tanjong Katong Campus)
Chatsworth International School (East Campus)
km
km
Food Centre Jalan Batu Block 4A Market & Food Centre
Old Airport Road Block 51 Market & Food Centre
Kallang Estate Fresh Market & Food Centre
84 Marine Parade Central Market & Food Centre
Dunman Food Centre
km
km
km
km
km
Lifestyle East Coast Park
Chinese Swimming Club
Singapore Swimming Club
The Eurasian Association
Kallang Cricket Ground
Kallang Netball Centre
Kallang Squash & Tennis Centre
km
km
km
km
km
km
km

FACILITIES SITE and FLOOR PLANS E-BROCHURE

The Facilities and Site Plan of New Condo at foremr site of Katong Park Towers are currently seeking approval from relevant authorities.

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AVAILABLE UNITS/ SOLD/ CHEAPEST PRICES PSF

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KATONG PARK TOWERS SOLD TO BUKIT SEMBAWANG FOR S$345 MILLION

The windfall a collective sale can bring to lucky home owners can be seen in stark terms in the sale of Katong Park Towers, a 99-year leasehold condominium that has seen better days.

The owner of the biggest penthouse in the development will rake in $12.08 million after a unit of Bukit Sembawang Estates bought the estate for $345 million.

That was about 20 per cent above the reserve price of $288 million. Indeed, all 10 bids were above this reserve price.

The four other penthouse owners can expect proceeds starting from $4.95 million.

"These premiums are fairly substantial, compared to units which were sold individually in the open market," said Cushman & Wakefield, which brokered the deal.

Other owners will receive proceeds ranging from $2.25 million to $3.23 million, depending on their floor area and size.

Katong Park Towers comprises 111 standard apartments, five penthouses and two commercial units, all on a land area of 140,758 sq ft.

It is about 200m from Katong Park MRT, which is slated for completion in 2023.

The site has a plot ratio of 2.1 and a maximum building height of 24 storeys. The site is not affected by any traffic impact study.

The recent increase in development charges in this precinct has minimal impact on the price as Katong Park Towers has a fairly high base line.

Bukit Sembawang Estates chief executive Ng Chee Seng said: "We are pleased to be awarded this coveted residential address in a prime district.

"Our planned development is nestled in low-rise landed houses along Meyer and Mountbatten roads, and will offer rare, unobstructed panoramic views of the city skyline.

"We see good potential in this site because it is well connected to the future Katong Park MRT station.

"With Katong's rich heritage and rejuvenation initiatives under the Kallang Masterplan, we are confident this will be another quality development added to our portfolio."

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