PROJECT DETAILS

 

LOCATION and AMENITIES

New and Upcoming condo in Stirling Road is located, walking distance to Queenstown MRT Station

Amenities Near New Stirling Road Condo/ Commonwealth Avenue/ Queenstown

FACILITIES SITE PLAN and FLOOR PLANS E-BROCHURE

The New Condo in Stirling Road Facilities and Site plan is currently seeking approval from relevant authorities.

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QUEENSTOWN HERITAGE and DEVELOPMENTS

Queenstown Housing Estate
Condo at Stirling Road- Housing- New choices in a fresh environment
Homes in Queenstown is highly populargiven their proximity to the city. Queenstown will see more diverse housing options for Singaporeans and opportunities for young couples to live close to their families.

• Margaret Drive will see new public housing, the development of new private housing nearby and the construction of a nursing home to serve the needs of elderly residents.
• Ghim Moh will see new high-density housing in future.
• New homes will soon rise near the fringes of Holland Village and will give home-seekers a chance to live close to the buzz of this lifestyle node.

• An expanded park connector network including links to the future Round Island Route, will make it easier for residents to walk or cycle to other parks and attractions.
• A new community park and Holland Village
• The Rail Corridor as a green route for walking and cycling 
• An innovative park at One-North that will have a car park tucked underneath it and that will double up as an outdoor event space next to MediaCorp's new campus.

Besides these treasure landmarks, Queenstown is home to Holland Village, one of the more popular lifestlye destinations in Singapore. While there are plans to rejuvenate an old housing precint, care will be taken to safeguard its distinctive character as an urban village with intimate streetscapes.

Besides new housing, there will be a new community park planned for this area and a new mixed-use development that will provide sufficient car-parking for visitors. The extended Holland Village will have a human-scale, pedestrian-oriented environment and public spaces. 

New Condo at Stirling Road- Economy- Nuturing a growth centre and creating jobs
The development of One-North is progressing steaily and will continue to create exciting job opportunities in this cutting edge live-work-play-learn environment. Upcoming developments include:

Lucasfilm's Sandcrawler, at Fusionpolis

The Metropolis, a new office building next to Buona Vista MRT Station

MediaCorp's new headquarters at Mediapolis

Campuses of ESSEC and Unilever's Four Acres Corporate University at Nepal Hill

ONE NORTH: BIOPOLIS, FUSHIONPOLIS and MEDIAPOLIS

One-North

The vision for one-north is steadily becoming reality as world-class research facilities, business parks and commercial spaces continue to be developed here to provide quality business spaces and to support activities in biomedical sciences, physical sciences, engineering, infocomm technology and the media industry.

Artist's impression of one-north
© JTC Corporation

The development of Nepal Hill, planned as a leadership training and development hub, is also progressing well. Four Acres Singapore, the first global leadership development centre outside of London for the global conglomerate Unilever, opened this year.

Major industry names like Procter & Gamble, Lucasfilm, ESSEC Business School and MediaCorp have also committed substantial investments to develop their own facilities, which will contribute to the flourishing of the research and business communities at one-north when completed.

At Fusionopolis, construction has commenced for Phase 5 which will pioneer the “Work Office Home Office” (“WOHO”) concept offering flexible spaces for office, living and lifestyle functions. Infinite Studios, the first development within Mediapolis, was completed recently and houses Singapore’s largest soundstages.

Artist’s impression of Mediapolis
© JTC Corporation

HOLLAND VILLAGE SET FOR MORE BUZZ MIXED USE RELEASED

Site located on Holland Road and close to junction with North Buona Vista Road sold to Far East for Mixed Development  Please click Here

The proposed development has to be “compellingly attractive on its own and yet will complement the adjacent low-rise and street-oriented character of Holland Village. The development should reinforce the vibrancy of Holland Village and incorporate new high-quality public spaces for people to gather and interact”, the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) said in a joint statement yesterday.

If successfully triggered for tender, the site, which is located along Holland Road close to the junction with North Buona Vista Road, will be the first land parcel to come under the Concept and Price Revenue tender system since 2010. A concept proposal will be evaluated before the bid prices are considered, a move that property analysts say will allow the Government to have better control over the development of Holland Village and preserve the area’s identity.

“It is no longer based on the highest bidder and this way, the Government will know what is coming up on this site and whether it is in line with what they have in mind. If all the concepts are not favourable, they don’t have to award the tender,” said Mr Chris Koh, director of Chris International.

JOINT VENTURE LOGAN PROPERTY and NANSHAN GROUP WON TOP BID FOR GLS LAND PARCEL CONDO SITE IN STIRLING ROAD

SINGAPORE - A sizeable land plot at Stirling Road in Queenstown Estate has received a top bid of more than S$1 billion through Government Land Sales (GLS).

The tender for the 99-year leasehold plot closed on Thursday (May 18), with the top bid coming from a joint effort between Hong Kong's Logan Property and Chinese developer, Nanshan Group.

It bid slightly more than S$1 billion for the 21,190 sq m site, translating to a price of S$1,050 per square per plot ratio.

This was slightly above analysts' expectations of between S$780 and S$1,000 psf, suggesting developers' optimism about the property market.

There were 13 bids for the Queenstown site, which is expected to yield an estimated 1,110 units.

“It’s the first time for a pure residential site to cross the S$1 billion mark,” said Christine Li, director of research for Singapore at Cushman & Wakefield. “The participation from 13 local and foreign developers shows the sheer amount of liquidity in the market as S$11 billion is going after a plum site.”

Top Bid

The top bid came from a joint venture between Logan Property Holdings Co., a Hong Kong-listed developer which has developments in Shenzhen and the Pearl River Delta region, and China’s Nanshan Group. Nanshan has been active in Singapore’s government land auctions, participating in eight of 11 tenders in the past 12 months, according to Cushman & Wakefield.

“The winning bid is an anticipatory one -- looking forward to a possible tweak of measures in the pipeline or some form of market recovery,” said Desmond Sim, head of research for Singapore and South East Asia at CBRE Group Inc.

Logan Property shares rose 2.2 percent as of 10:36 a.m. in Hong Kong, taking this year’s gain to 45 percent.

MCL Land (Everbright) Pte. was the second-highest bidder at S$925.7 million.

Hunger for Singapore land is adding to signs the city’s housing market is making a comeback after three years of declining prices. With new home sales surging after an easing of property restrictions in March, developers are becoming more aggressive in bidding at land auctions. On average, they’ve paid a 29 percent premium for this land plot at Stirling Road, the highest level in at least five years, according to Cushman & Wakefield.

“The strong bid and healthy local participation reflects developers’ optimism on Singapore residential property,” UOB Kay Hian Pte. analysts Vikrant Pandey and Derek Chang said in a note. They expect housing prices to move in line with GDP growth of 2 percent to 4 percent in 2018, after bottoming out this year at about 15 percent to 20 percent below the peak set in the third quarter of 2013.

Dr Lee Nai Jia, head of South-east Asia research at Edmund Tie and Company, said that he expected the break even price for the land site to come in at about S$1,600 and S$1,700 psf ppr.

However, he said that while the bid may seem bullish, the price is actually reasonable, due to the location of the land parcel in Stirling Road.

"While there are other developments in the Queenstown area most of them would have sold their units by the time this new project is launched."

He added that with improved sentiment, he expected stronger bids in upcoming launches of government land sales sites.

Source: Straits Times and Bloomberg

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