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PROJECT DETAILS

 

The Urban Redevelopment Authority (URA) has sold a residential site in Mattar Road as part of Government Land Sales (GLS). This land parcel is bounded by Mattar Road. It is listed under list of sites and is allocated to be developed into a private residential condominium. It has a site area of  square feet of land and is expected to house approximately 255 apartments units.


New Condo in Mattar Road- Amenities
New and upcoming condo in Mattar Road


Future residents of new condo at Mattar Road


New Condo in Matar Road- Connectivity
New and upcoming condo in Mattar Road


New Condo in Mattar Road- Education
New and upcoming Condo in Mattar Road

 
 

 
 
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Project  New Condo in Mattar Road
Developer
Location  Mattar Road
District  14
Tenure  99 years
Site Area  6,230 square metres/ 67,061 8 square feet
GFA:  18,691 square metres/ 201,189 square feet
Plot Ratio
Expected TOP:
Total Units  Approximately 255 residential apartments
Total Carpark
Development  Private Residential Condo comprising of communal facilities
Unit Type:
Architect
Eligibility  SPRs / PRs / Foreigners can buy 

LOCATION and AMENITIES

New Condo in Mattar Road

New Condo in Mattar Road

FACILITIES and SITE PLAN

RESIDENTIAL FLOOR PLANS

CONSORTIUM COMPRISING OF THREE LISTED COMPANIES WON TOP BID FOR LAND PARCEL IN MATTAR ROAD FOR CONDO DEVELOPMENT

The top bid of $223 million or $1,109 psf per plot ratio (ppr) came from a consortium made up of three listed construction and property companies, namely Hock Lian Seng Holdings, Keong Hong Holdings and TA Corp. Based on the bid price, the breakeven is expected to be around $1,600 psf ppr, and selling price in the range of $1,750 to $1,800 psf.
The price for the site is higher than expected, says Ong Teck Hui, JLL national director of research & consultancy. The narrow margin of 5.5% among the top five bidders shows how keen competition was among them, he says.
The main attraction of the site is its proximity to Mattar MRT station on the Downtown Line, which provides easy connection to the city and other areas, adds Ong. “The keen bidding for the Cuscaden Road and Mattar Road land parcels tells us that demand for attractive residential sites is still buoyant. With such keen demand for sites, the en bloc market is likely to stay firm as it continues to be the main source of residential land supply over GLS. “

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