WILSHIRE RESIDENCES
Wilshire Residences, is an upscale development that resides in the prime central region of Singapore. It is located along Farrer Road, at the former site of The Wilshire. Farrer Road is regarded as one of Singapore's upscale residential estate, a upmarket residential neighbourhood compirses mainly of high-end residences.
Farrer Road is located at the outskirt of Orchard and is a short distance drive to Central Business District (CBD). It is bounded by The LevelZ, Sutton Place, Sommerville Park and upcoming condo in former site of Tulip Garden. The location of Wilshire Residences at Farrer Road is surrounded by private condominiums, mostly are low to mid-rise developments, making stay in Wilshire Residences a quiet and tranquil residential enclave to stay in.
This freehold development has an estimated plot size of 39,130 square feet. Wilshire Residences will host 2 towers of12 storeys high with 85 apartments. Unit distribution ranges from 1 bedroom to large 5 bedrooms, with exceptional features. The units will have very roomy layouts which will create a perfect ambience many years for the residents. Single professionals and families will like this development as has classy interiors which wil be blend well with good features and present a smart-vibre living. The living room shall receive strong walls and high ceilings. As for the bedrooms, extra attention shall become placed on natural illumination, bathrooms, closets, drawers, and their entire ambiance. Each room exhibit a relaxing atmosphere and privacy to ensure that its occupants have the most-deserved dwelling place for themselves.
View Available Floor Plans HERE
Pricing for Wilshire Residences
** 01st March 2019- Please Register HERE for information pertaining to Wilshire Residences
** 25th December 2017- The Wilshire along Farrer Road, was sold for S$98.8 million, with addition of Development charges, this translates to a land rate of S$1643 per square feet per plot ratio
Pricing for Wilshire Residences
1 Bedroom
2 Bedroom
2 Bedroom+Guest
3 Bedroom
4 bedroom+Guest
Penthouses
View Unit Prices and Available Units HERE
Wilshire Residences is only 400 m away from Farrer Rd Circle Line Station and just 2 stops away from Buona Vista Interchange Station which is very convenient for commuters as the East West Line is easily accessible via the Interchange. For drivers, it is takes only 5 minutes to get to Orchard Road area and 7 minutes to the Central Business District. Wilshire Residences is also well connected to the Pan Island Expressway (PIE) which leads to parts of the island.
It is just next door to Empress Market & Food Centre which makes finding food easy. There are more choices as Wilshire Residences is also close to 5 other food centres that are within 2 km distance such as Holland Market & Food Centre, Commonwealth Crescent Market & Food Centre, Adam Road Food Centre, Holland Drive Market & Food Centre, Commonwealth Avenue Food Centre. There are also 3 shopping malls that are less than 1.5 km away from Wilshire Residences to choose from to get the daily needs.
For parents, your child’s education needs will be the last to worry. Wilshire Residences has quite a number of esteemed schools within 2 km, that range from preschool to Tertiary level. School nearby Wilshire Residences include Nanyang Primary School, Raffles Girls’ Primary School, New Town Primary School, St Margaret’s Secondary School, Hwa Chong Institution, Queensway Secondary School, Nanyang Girls’ High School, Assumption English School, Hwa Chong Junior College, National Junior College and also tertiary institution i.e. NUS Faculty of Law (Bukit Timah Campus).
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First Hand Information
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First Hand Information
| Project | Wilshire Residences |
| Developer | |
| Location | 22, Farrer Road |
| District | 10 |
| Tenure | Freehold |
| Site Area | 3,635.30 square metres/ 39,130 square feet |
| GFA: | |
| Plot Ratio | |
| Expected TOP Date: | |
| Total Units | |
| Total Carpark | |
| Development | Condo comprising of communal facilities and 85 residential apartments |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreigner can buy |
| Wilshire Residences Unit Mix Distribution | |||
|---|---|---|---|
| Unit Type | Type | Area (Square Feet) | Total No. of Units |
| TBA | NIL | ||
| TBA | TBA | ||
| TBA | TBA | ||
| TBA | TBA | ||
| TBA | NIL | ||
| TBA |
TBA |
||
| Wilshire Residences Facilities | |||
| Wilshire Residences Price List | |||
|---|---|---|---|
| Unit Type | Area (Square Feet) | Pricing | PSF |
| 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- WILSHIRE RESIDENCES
Wilshire Residences is located in the upscale estate of Farrer Road. It is surrounded by private residential developments such as DLeedon, Leedon Residences and the upcoming condo at former site of Tulip Garden
Residents can reach Farrer MRT Station,
FACILITIES and SITE PLAN- WILSHIRE RESIDENCES
The Wilshire Residences will be built into a 12 storey building with 4 unit spread. Units facing the East will have Botannic Gardens views, in the South-East will be towards Demsey Hill, West towards Holland Village and on the North will be facing Victoria Park.
RESIDENTIAL FLOOR PLANS BROCHURE- WILSHIRE RESIDENCES
- Make sure you check the measurement of each room which will give you the idea of the size of the room and how much of your furniture can fit into it. Always check which way the door will be swinging and the space that will be left empty after the door is opened or closed. Check if the windows embedded in the condo are as per your necessities. Sliding windows are demonstrated by thin empty line by the dividers, while casement windows, as a rule, come in sets.
- Do check whether room size matches your required area so that you do not have to face difficulty when fitting the furniture in the room. Make sure the total numbers of rooms mentioned in the floor plan are according to your family needs. Check the dimensions allotted to the kitchen. Make sure that every room has a separate entryway so that there is no hindrance to privacy.
- Check the measurements of the corridors as most people consider long passageways are generally viewed as a waste of space. Always check for natural lighting. This is a very important step for the ventilation and the aura of your home. Ensure you get enough morning and evening day light and the accessibility of sun shades. Ensure that there is appropriate cross ventilation in the house Condominiums usually do have room for the family maids. Make sure that there is one if you require it.
- Ensure that the cupboards are built-in in the condominium so that you do not have to spend extra money on installing new ones. Check which walls are structural and nonstructural for safe removal in the future. Structural walls are represented in the floor plan by thick bold lines while non-structural walls are indicated by thin lines. Check if storage room and pantry space fulfill your requirements. Also note that whether the washrooms are connected or common, according to your requirements.
AVAILABLE BALANCE UNITS/ SOLD/ CHEAPEST PRICES PSF STARBUY- WILSHIRE RESIDENCES
View Site and Facilities Plans HERE
Wilshire Residences is a new condo, sitting on the site of formr site of The Wilshire, where the site was sold to Roxy Pacific, for $98.8 million, through collective sale. The sale price of $98.8 million plus the development charges of S$4.1 million paid to the Government, works out to a land cost of about $1,455 psf per plot ratio on the potential gross floor area.
Cost of Land
The biggest item which determines the new condo price on the launch date is the price at which the land was acquired for the development. This cost of land is spread out across the size of the development so that the cost per square foot (psf) is established. This means that a piece of land with fewer condos may have a higher land psf than another similarly sized piece of land with more condos built on it.
Construction Costs
The cost of constructing the condos also influences the price at which those condos will be sold on the launch date. Construction companies have become so efficient that their construction costs for each square foot of a building don’t vary so much.
Developers want to make a good product that is of value to the consumers, and they need to generate healthy profits levels for their shareholders. With the most expensive items as land and construction costs, add on the administrative, sales and marketing expense, finance cost, profit margin we will arrive at the selling price.
Marketing expense for the project is around $200 psf. Construction costs including architecture design, is about $400 psf for a condominum.
- Administrative expenses: Staff costs, office rents etc..
- Sales and marketing expenses: Showflat building costs, commission for real estate agencies, advertising for the development, lawyer fees for conveyancing etc..
- Finance costs: interest expense paid to the finance institutions for financing the development.
Land Cost: $1,455 psf ppr
Construction Cost: S$400 psf
Marketing expense: S$200 psf
Profit margin: 20%
Estimated launch price: S$ psf
WHY BUY WILSHIRE RESIDENCES NOW?
After enduring four years of decline, the property developers finally have some good news. The URA reported an increase of 5.4 percent in the private residential property. This is now attracting property dealers from all over the world. As you all may know, Singapore is an island and land will always remain a scarce commodity that’s why the prices of these properties are bound to increase in the long term.
In Singapore residential market, the price gap between HDB versus the private residential market is widening. Base on DBS, it states that Bull Case would see Annual Private Home demand of 17,250 units.
Base on our analysis, our projection for new home demand will come from
1) Household formation
2) Upgrader demand and
3) Foreigner purchases for investment.
The current eb-bloc craze has seen developers investing close to S$34 Billion into Singapore property market (S$26 Billion in en-bloc transactions and S$8 Billion into Government Land Sales (GLS) programmes. With a total of 6,500 households displaced, the near term demand over the next two years could rise above the historical norm.
Projected base Population Growth of 6.5 million by 2030 is expected to have a positive impact on Private Home Property Market as demand is projected to remain above historical average of 12,000 units per year.
Register HERE for a presentation to understand why the property market is heading towards an unstoppable uptrend.
Since Wilshire Residences new launch condo is currently under construction, it offers a great option for buyers who are still saving the money for the initial down payment. By facilitating buyers with a progressive payment schedule, installments can be made every few months. These small installments represent a much more accommodating and manageable mortgage. If you buy an investment property, you can easily find a tenant that will help you pay down the loan and mortgage. You will be buying the property at the best price if you get it directly from the developer.
After the purchase, you can resell the property at a higher price. This is great for young people who are looking to settle down in a good place. The great thing about Wilshire Residences new launch condominium is that there is no asset depreciation. So, if you sell the condo just before its completion, you have a chance of acquiring a higher profit.
Buying a Wilshire Residences condo will prevent you from paying buyer’s commission because that will be paid by the developer. After each successful sale, the developer pays the agency which further pays the agents involved. The location of your condo will play a huge role in determining its value in the long run. You can also choose the unit you desire since Wilshire Residences is newly launch, but you will have to act fast because condominiums sell out pretty fast.
This is ideal for buyers who are very choosy and particular about what kind of home they want. You will have the opportunity of securing units with better views which will eventually become very valuable on the open market. All you have to do is sign up and pre-register for the preview by contacting the developer’s marketing team members. To attract a lot of customers, property developers often offers many discounts and stamp duty reimbursements during the VIP and VVIP preview. All you have to do is choose your desired units, submit them with your cheque and leave the rest to the developer’s agent.
The developer’s marketing team will enlighten you regarding the all the particular details of Wilshire Residences such as the pricing, floor plan, etc. during this preview. The value of these condominiums automatically increases the moment the developer removes the early bird discounts. These discounts will be saving you a lot of trouble of negotiating with the seller as well.
Anyone who has invested so much in property would want to be relieved from any further tensions and look forward to enjoying their latest purchase. You will receive Wilshire Residences in brand new condition and can renovate it according to your taste and needs. Not that you’ll need any renovation because everything will be brand new and you will not have to deal with additional maintenance work.
But in case you face any issues in the condo, you won’t have to spend extra money to get it fixed because the developer offers you a one-year warranty on fixtures and fittings. The plus point about Wilshire Residences is that you add your personal touch to it as everything will be according to your choice, and you will not have to deal with the previous owner’s choices. Wilshire Residences also offer much better facilities than any other resale property.
Investing in a Wilshire Residences newly launched condo does mean that you will have to wait to enjoy the luxury, but one thing that will help you get through it is that the wait and money are going to be worth every second and penny.
SHOWFLAT LOCATION- WILSHIRE RESIDENCES
If you wish to visit Wilshire Residences Showflat viewing, all you need to do is to schedule an appointment with us before coming around so as not to waste your time and avoid making a fruitless journey because our showflat may not be opened to the public on particular days and time.
Get amazing benefits as well as Direct Developer Discount. For additional enquiry, please get in touch with us at our Sales Information Hotline +65 90070868 for further details on the details of Wilshire Residences Condominium.
Get in touch with Wilshire Residences Developer Sales Support Team.
It is important to deal with only with our authorized Developer Sales Support Team, you will get the best obtainable Direct Developer Discount. Get the latest information about Wilshire Residences units today!
Wilshire Residenecs Showflat is located along Cluny Park Road.
Tastefully designed to maximise the usability and efficiency of the size, the geographical location, proximity to eateries and top schools, seek to attract many potential home seekers and upgraders to make Wilshire Residences their dream home.
Do register early to book your Wilshire Residences Showflat viewing appointment with us to have a feel of the luxurious and fine finishing by the developer after several detail plannings.
3 Simple things to take note before visiting Wilshire Residences Showflat Gallery
1) We advise to check and know how much CPF you are able to use to purchase Wilshire Residences Condo
2) Contact our Sales Team for our recommended trusted panel of bankers for your loan assessment
3) Are you affected by the TDSR? You will need to know the bracket which you are in
Register Early to keep yourself update on the latest information pertaining to Wilshire Residences. Alternatively, you may contact our Developer Sales Personnel for a non-obligated discussion.
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- Latest updates on the development
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- Enjoy early-bird VVIP Discounts
- Direct Developer price
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