The Tre Ver UOL Group Potong Pasir Avenue 1

The third grandest collective sale of property of 2016- The Raintree Gardens in Potong Pasir was sold for $334.2 million dollars after being bid for by five plus developers. Its first public tender got launched on the very first day of September, 2016. The reserve price of the estate was $315 million dollars. Yet the deal was sealed on October 6th, 2016 for a way higher cost after 80 percent of the workers agreed. The plot was first privatised in July 2014. Many owners who had privatised back then acquired almost around $1.9 million each!

The Tre Ver by UVD Projects UOL Group Limited

Among the top three bidders for the plush estate for Tre Ver, the winner was the UVD project, result of the joining hands of the UOL group and United Industrial Corporation. The deputy group chief of UOL, Mr. Liam Wee Sin, stated his virtuous motive behind chasing this HUDC estate. The UOL group had looked forward to “ride” on the Bidadari site. While UVD was looking forward to develop the 201,405 square feet land to house almost 750 units! In total, the venture of the two developers had come up with the plan of paying about $797 per square feet per plot ratio, including the paid premium for topping up the leash to a fresh 99 years period. The gross plot ratio for re-development of the site was 2.8.

The Tre Ver Condo by UOL Development Singapore

The director of R’ST Research, Mr. Ong Kah Seng, had prophesied the tug on the Potong Pasir area for Tre Ver UOL Group. He looked to the price of the estate as realistic even if it was a bit high. He called the costing- “price bearing a little optimism.” He had also predicted that with such a comeback of collective sales, developers will eagerly chase sites at the periphery of the city. Yet on the basis of the preference of few developers for government sites, Mr. Desmond Sim, CBRE’s research head encouraged people to form collective sales committees, keeping in mind about the benefit of location of any site.

As for the Raintree Gardens, it can be called a sheer work of luck. The committee for Tre Ver Raintree Gardens admits itself as a beginner and confess that they were quite surprised at the response of the developers. They were quite astonished to see so many renowned groups combating for the estate. It is evident that the location of the plot was prime and exquisite.

The Tre Ver Potong Pasir Avenue 1 Singapore

The leading two estates of that year were Shunfu Ville, sold for a mega cost of $638 million in May, the other was the Harbour view Gardens in August, sold for $33.25 million. The Shufnu Ville and Raintree Gardens were brokered by JLL.

This article compacts and brings forth to you the expert’s views, the grand exchange of digits, the top developers and the charming luck of an estate that had a total cost of $105 million in the 90’s. This deal marked the grand return of collective sales in the recent market. Real estate broking, dealing and exchange is a dicey matter of opportunity and even if the plot is small it might turn out to be a game changer due to its key location or a tint of luck, as in the surprising case of The Raintree Gardens.

 

The Garden Residences Awards by Keppel Land and Wing Tai Holdings

The Garden Residences is the latest development by Keppel Land and Wing Tai Holdings, who submitted the highest bid of $446.28 million for a prime piece of land. The project is located in the center of Serangoon and the fact that many developers have bought into the idea shows their confidence in the location, which is near the future Bidadari Estate. There are many design and colour awards for The Garden Residences by Keppel Land and Wing Tai Holdings. The acquisition was made through the Reserve List system as part of the Government Land Sales Programme and the Corson and Winjoy Investment, which are subsidiaries of the development’s main contractor.

The Colour Awards for The Garden Residences

The Garden Residences will be constructed on 15 Serangoon North Avenue 1, Singapore 555888. It’s a 99-year leasehold development in District 19 and the site area covers 184,954 square feet. There will be approximately 505 units with each unit occupying 462,389 square feet. The number of blocks and storeys will be communicated later on as the project continues. When you check out the site plan, The Garden Residences occupies a regular plot of land in a private residential enclave. The developers put a lot of thought into the project to boost each condo’s view and also incorporate more amenities for the future residents. There are many awards for The Garden Residences and Wing Tai Holdings. These are developments by The Garden Residences and therefore have awards for colours as well as designs.

Awards for Garden Residences Keppel Land Wing Tai Holdings

Being centrally located, the project is in a wonderful school district, and Rosyth School is a prestigious learning institution with dedicated teachers and a visionary principal. Other schools in the area include CHIJ Our-Lady of Good Counsel, Hougang Primary School, Jing-Shan Primary School, Townsville Primary School, Xinmin Primary School, and Zhonghua Primary School.

Future occupants of The Garden Residences can expect to enjoy a full array of amenities, including a large swimming pool, gymnasium, tennis court, children’s playground, and a barbecue area. You can, therefore, expect to live a luxurious lifestyle available only in truly luxurious world-class resorts. Other amenities near the building project include the Mass Rapid Transit stations of Chuan and Kovan, which are approximately 1.9 km away. You can enjoy shopping at nearby shopping malls, including the Amk Hub, Heartland Mall, Nex Serangoon, Hougang-1 Shopping Centre, Junction 8 Shopping Centre, and the Chomp-Chomp Food Centre.

The Garden Residences Wing Tai Holdings and Keppel Land

There are various floor plans available and they are suitable to your family requirements. The project will comprise of units boasting 1, 2 or 3 bedrooms. These units will be of two types; the first type will face Ang Mo Kio Avenue 3 while the other one will face Boundary Road. And if you wish to enjoy a panoramic view, you should consider buying a unit on the 6th floor and above.

Financial analysts estimate that the average price of each housing units will range from $1,500-$1,600 per square foot. If you’d like to learn more about the project, you can register for a VVIP preview. Registering also allows you to receive a copy of the floor plans, a brochure, pricing, and the latest updates concerning The Garden Residences. Registration is also very important because you will receive a discount as a registered buyer. Most importantly, you will have the first pick when it comes to choosing the units.