About The Garden Residences
The Garden Residences is a 99-year condominium launched in Serangoon North Estate and Serangoon Gardens. An iconic building in the vicinity, designed with space, living, and uncompromising in views and locality. Led by Keppel and Wing Tai Joint Venture, it will be a building for the ages, for the generations with luxurious fittings and incomparable qualities.
The site is within URA’s Serangoon Planning area. Comparative developments in the area includes Kensington Park, Serangoon Ville Enbloc by Oxley Holdings. Slightly further to the East will be Terrasse. There has been a drought for new condominium launches in the estate and so The Garden Residences together with Serangoon Ville will rejuvenate and revitalize the area, bringing value and injecting a lease of excitement and opportunities into the estate
This land parcel on original address of 15 Serangoon North Avenue 1 has recently been tendered by major and giant property developers, Keppel Land and Wing Tai Holdings. This site was successfully bidded and now will house the upcoming development, The Garden Residences Serangoon, it is an ideal place planned to become a residential condominium ideal for individuals looking to settle in this private and charming area of Singapore.
The top bid for this highly competitive site for The Garden Residences site reached an impressive $446.28 million from the Joint Venture Developers, worthy also to note with the second-highest bid of $418.7 million having been placed by Frasers Centrepoint’s FCL Residences. Experts and land economists have noted these aggressive bids by many competing property developers recently as a reflection of the rising value and brighter optimism of Singapore’s real estate market.
Notable Price Bids
- This public tender for a private residential site in Serangoon North Avenue 1 attracted 16 bids.
- Corson and Wingjoy Investment – units of Keppel Land and Wing Tai Holdings – jointly placed the top bid of $446.28 million, the Urban Redevelopment Authority (URA) said on Thursday (July 27).
- The price works out to about $964.8 per sq ft per plot ratio for the 99-year leasehold plot, which could yield 505 private homes.
- The top bid was about 6.6 per cent higher than the second of $418.7 million tabled by FCL Residences.
- Singland Homes and UOL Venture Investments jointly submitted the third highest bid at $417.2 million.
- The site has a land area of 17,189.1 sq m and permissible gross floor area of 42,973 sq m.
- It was put up for sale under the confirmed list of the Government Land Sales programme for the first half of the year.
Reasons to Invest in The Garden Residences
- Excellent Connectivity
- Near Prestigious Schools and Education Hub
- Centralized Location and Minutes to Orchard Road, Vivocity, CBD and Marina Bay
- Near to Amenities such as shopping centres and Chomp Chomp Food Centre.
- Strong Tenant Base and expatriate demand from Lycee Francais de Singapour
- Strong Tenant Base from Surrounding Business Parks such as Amk Industrial Park and Serangoon North Industrial Estate
- Great for Families near good schools and strong amenities
- Luxurious Living and Fittings
Area is one of the vital things that you have to consider when buying Singapore condos. Before you can really decide the best area for your home, you should decide first the kind of neighborhood that you need to live in. It’s fortunate that these properties are situated in the most brilliant areas in the city. Obviously it is as yet imperative to decide the correct area that you needed for your home before you at last settle on a choice keeping in mind the end goal to maintain a strategic distance from laments later on. You need to remember that usefulness is critical and the area must give the specific advantages you are searching for.
The rate at which ministry budgets can expand is to be further reined in, in a move to emphasise the need to be prudent with spending.
From April 1 next year, ministries’ “block” budgets can grow only at 0.3 times gross domestic product (GDP) growth, down from the current rate of 0.4, Finance Minister Heng Swee Keat said yesterday.
Last year, a permanent 2 per cent downward adjustment was announced to the budget caps of ministries and organs of state.
The latest measure comes as Singapore faces higher healthcare and infrastructure costs in the years ahead. Infrastructure spending will double from $8.5 billion in FY2011 to hit an estimated $20 billion in the upcoming financial year, while healthcare spending is set to have expanded from $3.9 billion to an estimated $10.2 billion over the same period.
Mr Heng said that Singapore has been able to get good value for its money, delivering good outcomes in areas like healthcare and education, which are highly ranked internationally.
But Singapore must continue to carefully manage expenditure growth, and “get the best value for every dollar we spend”, he added.
Agencies are already taking steps to become more efficient and effective, said Mr Heng. For example, the Land Transport Authority’s East Coast Integrated Depot – a four-in-one rail and bus depot – has achieved significant cost and land savings. The project, targeted for completion in 2024, will contain three train depots and one bus depot within a 36ha site, freeing up 44ha of land, an area the size of 60 football fields.
Emerging technologies can also be tapped, he added. In 2016, for instance, Nanyang Technological University and JTC Corporation developed a robot which can inspect buildings for defects, reducing manpower and time needed by 50 per cent.
Singapore University of Social Sciences economist Walter Theseira said that ministries can better manage their spending by evaluating programmes for cost-effectiveness.
For instance, the SkillsFuture credit scheme, which gives $500 in credits to Singaporeans aged 25 and older to pay for training courses, can be reviewed to see if the subsidies provided are meeting national needs.
“Some people who take up the subsidies do not end up working in the industries that they take courses for, or have the wrong idea of what the training can achieve, which may not be the best use of public money.”
Read more: http://www.skillsfuture.sg/
DEVELOPER TAKE ON THE PROSPECTS OF SENGKANG / FERNVALE.
With Parc Botannia and her surrounding development, Sengkang will have tangible investment appreciation by 2025. Being the newest neighborhood in Sengkang, Fernvale will be part of Sengkang’s seven sub-zones to be completed by the Housing and Development Board (HDB Singapore). This zone is expected to stretch from Punggol River to Jalan Kayu, and will be rewarded with an abundance of housing amenities. Needless to say, Jalan Kayu will be the main food street for delicacies and future prime area for coffeehouses and cafes.
DEVELOPER BIDS AND DEVELOPMENT
As Parc Botannia is situated at an ideal and convenient location, this intricate condominium was tendered by a total of 14 proposals. The highest bid was brought forward by Sing Holdings and Wee Hur Development of a total bid value of S$287.1 billion. The runner up was China’s Constructions proposal at S$287.98 billion. All in all, Sing Holdings and Wee Hur Development has a renowned name in Singapore and we can expect the development to have a positive
Other bidders included China Construction (South Pacific) Development, Allgreen Properties, MCL Land (Regency), and Treasure View. This joint development will create positive hype and excitement for the residents of Sengkang. Interested buyers can take note on the latest updates of dates so you can plan your viewing. (See Above for Important Dates and Events).
PARC BOTANNIA CONDO: TRUSTED DEVELOPERS HISTORY AND BACKGROUND
The Urban Redevelopment Authority (URA) launched Parc Botannia for tender at Fernvale Road on September 27th.
Wee Hur Holdings is one of the developers working on the Parc Botannia. They have been creating housing residences in Singapore since their establishment in 1980. After 28 years, the company was listed on Singapore’s Exchange Mainboard on January 2008.
Sing Development is the other joint project development company that won the public tender for this project. They have been around since 1964. With over 50 years of experience, they are well-rounded, dedicated, and trusted to successfully complete this project. Recent developments by Sing Development include residential projects such as the BelleRive in Bukit Timah area or Waterwoods project in Punggol.
Parc Botannia: More Information and All You Need To Know
Parc Botannia condo has not been fully constructed and will TOP in Dec 2020. At the Parc Botannia show flat location, prospects will be able to view a three-dimensional replica of the building, get answers to any questions, and get up-to-date information and prices for
Parc Botannia @ Fernvale road will hold around 735 residential units, 17,196.4m2, a maximum gross floor area of 51,590m2 and a period of 99 years leasehold. Parc Botannia floor plan will range from 1 bedroom for small spaces living, to a deluxe 5 bedroom for a bigger family. Learn more: https://parcbotannia-condo.com.sg