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PROJECT DETAILS

 
 

Lagoon View is looking to privatize the entire estate, which could trigger a possible en bloc sale, after its neighbour Laguna Park proposed a collective sale last week.

During a special general meeting held yesterday, the Lagoon View Owners’ Association, the management committee behind the plan, obtained approval of the residents to retrieve the land from the Ministry of Finance.

Believed to cost $16 million, the land includes car parks and other common areas within the 535,326-sq-ft property, comprising 480 units.

Each resident will be asked to pay a privatization levy worth $35,500 but they have to hit several milestones for the privatization process to proceed successfully.

Firstly, a downpayment of $5,500 each must be placed by at least 80 percent of residents by 29 May 2010, otherwise the privatization process will be revoked.

Next, a sale-and-purchase agreement must be signed by the management committee, and at least 84 percent of residents must pay the full amount of the privatization levy within four months for the privatization process to be completed. However, the committee will have to convene another meeting to discuss on the next course of action if this minimum 84 percent is not met.

Most of the residents have voted in favour of the privatization, while some expressed unwillingness to participate in the exercise. Other residents remained undecided due to its high cost.

One resident said that its high price is a hindrance, but the committee assured that the Central Provident Fund (CPF) savings can be used by the residents in order to pay the full amount of the levy.

The committee should privatize only if an ensuing collective sale emerges, as this would encourage reluctant residents to participate, said another resident.

According to the management committee, privatization will ensure that the entire estate belongs wholly to the residents and can increase its value to match Laguna Park’s valuation if residents decide to sell.

The privatization will also give the committee full authority to manage the estate by allowing them to obtain the management corporation strata title, said Mr. Eric Tan, honorary president of the management committee.

 

New Condo at Marine Pararde Road, En- Bloc site Lagoon View- Connectivity
New and upcoming condo launch in Lagoon View is approximately 200 metres away to the upcoming Sigalp MRT Station, serving the Thomson-East Coast Line, that will be ready by 2023. At present, New Condo in Laguna Park is approximately 1.6 km away from the Bedok MRT Station which operates the East-West Line. The Bedok Bus Interchange is also just next to the Bedok MRT Station where many bus services are available to serve future residents of New Condo and they easily commute to the various parts of Singapore. Travelling to Central Business District (CBD), City Centre and Marina South, Marina Bay is a breeze as the the East Coast Parkway (ECP) which is just next to new condo in Lagoon View, along Marine Parade Road.


New Condo at Marine Parade Road, En Bloc site Lagoon View- Amenities
Future residents of New Condo in Lagoon View can take short walk down to Siglap V where shops, F&B outlets and supermarket are located. Alternatively, they could take a short drive down to Marine Parade Town Centre where heartland retails, market and food centre are located. Marine Parade Town Centre also host the Parkway Parade Shopping Centre, 112 Katong where many dining, shopping and entertainment options are available to choose from. There are several nice eateries along East Coast Road as well which are a short drive away from new condo development in Lagoon View site.


New Condo at Marine Parade Road, En- Bloc site Lagoon View- Education
There are many reputable and prestigious schools nearby new condo development, hence,  it is a very attractive place for family living.  It is next to the famous Victoria School. Other local instituitions include Ngee Ann Primary School, Opera Estate Primary School, St. Stephen’s School, Tao Nan School, CHIJ (Katong) Primary School, CHIJ Katong Convent, Saint Patrick’s School and St. Anthony’s Canossian Secondary School, Victoria Junior College and Temasek Junior College. New Condo launch in Lagoon View is also close to international schools such as Sekolah Indonesia Singapura and Global Indian International School (East Coast Campus).

 


 

 
 

 

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Project  Lagoon View
Developer
Location  Marine Parade Road
District  15
Tenure
Site Area
GFA:
Plot Ratio
Expected TOP:
Total Units
Total Carpark
Development  Condo comprising of communal facilities
Unit Type:
Architect
Eligibility SC/ SC, SC/SPR and Foreigner can buy

LOCATION and AMENITIES

Amenities Near New Condo at Lagoon View

Category Important Amenities Near Lagoon View Approximate Distance
Train Stations Bedok (EW5)
Sigalp (TE28) due 2023
1.7km
0.4km
Bus Stop Siglap Link (Bus: 36, 401)
Victoria School (Bus: 31, 36, 43, 48, 55, 135, 155, 196, 196E, 197, 401, 853C)
Opp Mandarin Gardens (Bus: 36, 55, 135, 155, 401)
0.1km
0.2km
0.2km
Supermarkets Fairprice (934 East Coast Road)
Cold Storage (Siglap V)
Prime (18 Bedok South)
Sheng Siong (Bedok Central 209)
0.6km
0.7km
1.7km
1.9km
Shopping Malls Siglap Shopping Centre
Bedok Point
0.7km
2.0km
Education Institutions Preschool
Kampung Siglap Mosque Kindergarten
Mandarin Gardens Kindergarten
Modern Montessori Kindergarten
Good Shepherd Convent Kindergarten
Zoo-Phonics Kindergarten
LittleSparks Montessori Kindergarten
Holy Grace Kindergarten
Bethesda (Katong) Kindergarten
Nafa Arts Kindergarten
Kits4Kids Kindergarten
0.2km
0.3km
0.5km
0.7km
0.8km
1.3km
1.5km
1.5km
1.6km
1.7km
Primary
Ngee Ann Primary School
Opera Estate Primary School
St. Stephen’s School
Tao Nan School
CHIJ (Katong) Primary School
1.1km
1.4km
1.6km
1.8km
1.9km
Secondary
Victoria School
CHIJ Katong Convent
Saint Patrick’s School
St. Anthony’s Canossian Secondary School
0.1km
1.2km
1.2km
1.7km
Junior College
Victoria Junior College
Temasek Junior College
0.9km
1.5km
Tertiary
Temasek Polytechnic 4.2km
International
Sekolah Indonesia Singapura
Global Indian International School (East Coast Campus)
0.4km
1.2km
Food Centre East Coast Lagoon Food Village
50A Marine Terrace Food Centre
Bedok South Road Block 16 Market and Food Centre
New Upper Changi Road Block 207 Food Centre
0.9km
1.3km
1.6km
2.0km
Lifestyle East Coast Park
Elite Terrace Park
0.4km
1.0km

LAGOON VIEW MARINE PARADE ROAD COLLECTIVE SALES

Marymount To NSE Tunnel

From Marymount Road to North-South Expressway

NSE Tunnel To Marymount Road 2

Exit North-South Expressway into Marymount Road

The North-South Expressway (NSE) which will run alongside with the Central Expressway (CTE) will help to ease the heavy traffic along CTE, Marymount Road and Thomson Road.

The NSE will link the City Centre from North-South which stretches from Woodlands, Sembawang, Yishun, Ang Mo Kio, Bishan via exit roads along the stretch.

The NSE also connects to other existing expressways which include Pan Island Expressway (PIE), Seletar Expressway (SLE) and East Coast Parkway (ECP).

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