Register now and get the best possible deals from the developers. If you are affected by the new cooling measures and want to take advantage on them to stay invested, or lock in your profits, let us know your concern and we are glad to assist you.

Click Here To Minimize / Maximize

Brought to you by
UOL Venture Investments and
the Kheng Leong Group

Launching soon!!
Principal Garden

Call Developer's Appointed Sales Team
or Call Suzanne Ng +65 90070868
for Your Further Updates and Priority Booking HERE!!

PROJECT DETAILS/ AMENITIES

 
 

The Urban Redevelopment Authority (URA) has sold a residential site in Princes Charles Crescent (Parcel B) as part of Government Land Sales (GLS) in 2nd quarter of 2014. This land parcel is set in the Central Region of Singapore, bounded by Princes Charles Crescent and Alexandra Road that leads to Havelock Road and River Valley Road, is listed under the confirmed list of sites and is allocated to be developed into a condominium site. It has a site area along Alexandra Canal Linear Park of 268,715 sqft and is expected to house approximately 750 apartment units.


UOL Venture Investments won the top bid of S$463.1 million, translating to S$820.65 million per square feet per plot ratio. The break-even price for the development is estimated to in the range of S$1300 - S$1380 psf. 


Other residential developments that are nearby Prince Charles Crescent include The Crest (obtaining TOP in 2018), Tanglin View, Tanglin Regency, Ascentia Sky, Alex Residences, Echelon, Clydesview, Mon Jervois.


New and Upcoming condo at Prince Charles Crescent (Parcel B) is next to The Crest and is approximately 500 m or a short walking distance away from Redhill (EW19) Train Station which operates the East West Line. This train service will seamlessly link its future residents to the Outram Park MRT Interchange which allow them to change to the North East Line. For drivers, Prince Charles Crescent Condo is approximately 5 minutes’ away from both the Central Business District area and Orchard Road area. The development is easily connected to major roads like Alexandra Road and River Valley Road. To get to other parts of the islands, drivers can use the nearby the Central Expressway (CTE) and the Ayer Rajah Expressway (AYE).


New Condo at Prince Charles Crescent is close to Valley Point Shopping Centre, Tiong Bahru Plaza, Great World City, Tanglin Mall, Anchorpoint Shopping Centre, IKEA Alexandra and the upcoming Alexandra Central which hosted many retails shops and eating outlets. For more dining and shopping options, Future residents can also head down to the prime Orchard Shopping District which is just a short drive away. Some other shopping malls that are close to Prince Charles Crescent  are Tanglin Shopping Centre, Wheelock Place, ION Orchard.


For those residents who wish to indulge in economical and delicious local food, new condo at Princes Charles Crescent is close to numerous Food Centres, which includes Redhill Lane Block 85 Food Centre, Bukit Merah View Block 115 Market And Food Centre, Beo Crescent Block 38A Market and Food Centre, Bukit Merah Central Block 163 Food Centre, Redhill Food Centre, Zion Riverside Food Centre, Havelock Road Block 22A Food Centre and also the famous Tiong Bahru Market. Future residents also can get market produce, groceries and also their daily necessities nearby these food centres.


The schools nearby to new condo are Alexandra Primary School, Gan Eng Seng Primary School, Zhangde Primary School, Queenstown Primary School, River Valley Primary School, Radin Mas Primary School, Crescent Girls’ School, Gan Eng Seng Secondary School, Henderson Secondary School, Queenstown Secondary School, Bukit Merah Secondary School and CHIJ Saint Theresa’s Convent. New Condo is close to international schools such as ISS International School (Paterson Campus), Overseas Family School and Finnish Supplementary School.


For relaxation, future residents in new condo in Prince Charles Crescent can embrace in nature the Singapore Botanic Garden, Tiong Bahru Park, Alexandra East Neighbourhood Park and Telok Blangah Hill Park are just a short drive away. The Crest’s future residents can look forward to enjoying the peacefulness and also the lush greenery available at these parks. Future residents of New Condo at Princes Charles Crescent can also enjoy a healthy workout at the nearby Delta Sports Complex, Queenstown Stadium and Tanglin Golf Club. The Safra Mount Faber and the Queens Townclub also offer many leisure and recreation facilities and activities for new condo future residents.


For pleasure of ownership, please Register Here and we will contact you soonest!

 

Registere HERE with Us
for Preview and
First Hand Information
 

 

Other Condominiums within the vicinity






Invest in Central Region with high rental potential and high demand

Downpayment starts fr S$160,000 only



Invest in Centre of
North Coast Innovation
and Learning Corridor


Mega project in Upcoming
Seletar Regional Centre/
Sengkang, price starting
from s$3xx,xxx Only!!


Leverage on your assets
and banks to Grow
Your Dollars over time
More Options
 
Project  Prince Charles Crescent Condo (Parcel B)
Developer  UOL Venture Investments
Location  Princes Charles Crescent/ Alexandra
District  3
Tenure  99 years lease
Site Area  268,715 sqft/ 24,964 sqm
GFA:   sqft
Plot Ratio
Expected TOP:
Total Units
Total Carpark
Development  Condo comprising of 
Unit Type:
Architect
Eligibility SC/ SC, SC/SPR and Foreigner

Amenities Near New Condo in Prince Charles Crescent

Category Important Amenities Near The Crest Approximate Distance
Train Stations Redhill (EW18) 0.5km
Bus Stop Delta Sports Hall (Bus: 51, 139, 186, 970)
Opp Delta Sports Hall (Bus: 51, 139, 186, 970)
0.2km
0.2km
Supermarkets Giant
NTUC
Cold Storage
Sheng Siong
0.6km
0.6km
0.7km
2.6km
Shopping Malls Valley Point
Tiong Bahru Plaza
Great World City
Tanglin Mall
Anchorpoint Shopping Centre
IKEA Alexandra
Alexandra Central (U/C)
Tanglin Shopping Centre
Wheelock Place
ION Orchard
0.6km
1.0km
1.3km
1.4km
1.7km
1.7km
1.7km
1.7km
1.8km
1.8km
Education Institutions Preschool
PCF Radin Mas Blk 70A
PCF Radin Mas Blk 87
JHS Montessori Kindergarten
PCF Kreta Ayer-Kim Seng Blk 79
White Lodge Kindergarten (Phoenix Park)
PCF Tanglin-Cairnhill Blk 124A
Kay Poh Road Baptist Kindergarten
PCF Tanjong Pagar-Tiong Bahru Blk 6
PCF Queenstown Blk 53A
Queenstown Good Shepherd Kindergarten
True Way Presbyterian Kindergarten
0.7km
0.7km
0.7km
0.9km
0.9km
0.9km
1.1km
1.2km
1.4km
1.4km
1.6km
Primary
Gan Eng Seng Primary School
Zhangde Primary School
Queenstown Primary School
River Valley Primary School
Radin Mas Primary School
0.9km
1.1km
1.4km
1.8km
2.0km
Secondary
Crescent Girls’ School
Gan Eng Seng Secondary School
Henderson Secondary School
Queenstown Secondary School
Bukit Merah Secondary School
CHIJ Saint Theresa’s Convent
0.3km
0.5km
0.8km
0.8km
1.1km
1.9km
Junior College
Catholic Junior College 4.0km
Tertiary
PSB Academy 0.8km
International
ISS International School (Paterson Campus)
Overseas Family School
Finnish Supplementary School
1.6km
1.7km
1.7km
Food Centre Redhill Lane Block 85 Food Centre
Bukit Merah View Block 115 Market And Food Centre
Beo Crescent Block 38A Market and Food Centre
Bukit Merah Central Block 163 Food Centre
Redhill Food Centre
Zion Riverside Food Centre
Havelock Road Block 22A Food Centre
ABC Brickworks Food Centre
Jalan Bukit Merah Block 112 Market And Food Centre
Tiong Bahru Market
Telok Blangah Crescent Block 11 Market And Food Centre
Alexandra Village Food Centre
Mei Chin Road Block 159 Market
0.6km
0.8km
0.9km
1.0km
1.2km
1.2km
1.2km
1.5km
1.5km
1.5km
1.7km
1.9km
2.0km
Lifestyle Delta Sport Complex
Tiong Bahru Park
Alexandra East Neighbourhood Park
Tanglin Golf Course
Singapore Botanic Garden
Safra Mount Faber
Queens Townclub
Telok Blangah Hill Park
Queenstown Stadium
0.2km
0.7km
1.3km
1.5km
1.6km
1.7km
1.7km
1.9km
2.0km

LOCATION MAP

pcharles-pb-locmap

pcharles-pb-aerialmap
 

FACILITIES and SITE PLAN

The new Condo at Princes Charles Crescent (Parcel B) Facilities and Site plan is currently seeking approval from relevant authorities. If you would like to be updated on first hand information for Princes Charles Crescent Condo, Please

Register with Us
for More information!

RESIDENTIAL FLOOR PLANS

Please Register with Us 

for your E-Brochure, Floor Plans and Pricing Here!!

TOP BIDDER FOR LAND PARCEL BESIDES THE CREST AWARDED

YESTERDAY's tender close was a story of two plots side by side, sold two years apart - one in the 2012 property boom and the other after the government had imposed its seventh round of cooling measures and total debt servicing ratio (TDSR) framework.

The latter, a 99-year leasehold residential site at Prince Charles Crescent (Parcel B), got a highest bid of $463.1 million or $820.65 per square foot per plot ratio (psf ppr), a sharp drop from the $516.3 million or $960.28 psf ppr that its adjacent Parcel A site received two years ago.

The Parcel A site was awarded to Wing Tai's Wingstar Investment, Metro Australia Holdings and UE E&C's unit Maxdin, which are developing it into The Crest, to be launched possibly next quarter.

Yesterday, the highest bidder for the Parcel B site was a partnership between UOL Venture Investments and Kheng Leong, which plans to develop a 24-storey project with about 750 units.

SLP International research head Nicholas Mak said: "Today's tender result indicates that the multiple government interventions in the property market have finally resulted in cooling the residential land sales market."

The bids for the latest parcel ranged from $660 psf ppr to $821 psf ppr, far lower than The Crest's site, which had bids in the range of $806-$960 psf ppr. The two most recent winning bids in the Redhill area were also well above $900 psf ppr (see table).

Most consultants had expected the winning bid to fall in the range of $900-$1,000 psf ppr, except for R'ST Research director Ong Kah Seng who had a more conservative estimate of $800-$900 psf ppr.

Even the number of bidders for the site - seven - was underwhelming and was on the lower end of consultants' expectations, for a prime plot that is a 10-minute drive to Orchard Road and the only confirmed list site in the city fringe under the Government Land Sales programme.

One reason for developers' caution is the ample supply in the area. "The bidders are obviously concerned about . . . the substantial unsold supply in the immediate vicinity and the weak response to new sales launches," said JLL national director Ong Teck Hui.

Nearby, Alex Residences and Mon Jervois are still marketing unsold units while The Crest is expected to launch soon. Mr Ong estimates that the unsold supply in these projects adds up to about 800 units.

Another reason is the additional buyer's stamp duty (ABSD), since most buyers of city-fringe private homes already own a residential property and their TDSR limits can be exceeded if they obtain a large loan to finance their new property, said Mr Ong.

The second highest bid, put up by a consortium comprising Verwood Holdings, Intrepid Investments and Garden Estates, was $440.2 million or $780.07 psf ppr. A partnership between Wingzest Investment and Metro Prop Singapore placed the third-highest bid of $438.5 million or $777.04 psf ppr.

The upside for the winning developer is that the lower land price will give it flexibility in pricing its project, compared to developers of neighbouring projects, said CBRE research head Desmond Sim.

SLP's Mr Mak estimates its breakeven price at $1,300-$1,380 psf, far below transaction prices of $1,650-$1,980 psf of units in the area.

A statement from UOL Group president (property) Liam Wee Sin, after the tender results were announced, revealed as much. He said: "This is a resilient site . . . The development can be priced realistically to entice buyers who are on a lookout for projects with strong locational attributes."

CONTACT US

 

What is 3 + 2 :