New Reporter
13-04-23, 12:32
EL Development to launch Blossoms By The Park in S$2,200-S$2,400 psf range
Apr 12, 2023
https://i.imgur.com/UVJDm5G.jpg
Located at 9 Slim Barracks Rise in District 5, Blossoms By The Park will house 275 residential units with one-bedroom to four-bedroom configurations in a single 27-storey block.
ILLUSTRATION: EL DEVELOPMENT
EL DEVELOPMENT will start previews for its one-north area project, Blossoms By The Park, this Friday (Apr 14), pricing the condominium to be completed there between S$2,200 and S$2,400 per square foot (psf).
Located at 9 Slim Barracks Rise in District 5, the development will house 275 residential units with one-bedroom to four-bedroom sizes in a single 27-storey block. The 99-year leasehold development will also have three floors of commercial lots, which have been approved for food-and-beverage outlets, and other types of retail.
The project, which sits on 85,648 square feet (sq ft) of land, was sold to EL Development for S$320.1 million or S$1,245 psf per plot ratio. The developer was the first among 10 bidders in a state land sale in November 2021. Bids for the site were higher than expected; analysts attributed this to the plot’s proximity to the one-north business hub.
The site has a maximum permissible gross floor area of 256,956 sq ft, with the highest plot ratio of 3.0 in its residential cluster.
One-bedroom units with a study, sized at either 549 sq ft or 689 sq ft, start at about S$1.3 million, or S$2,352 psf.
Two-bedroom units of 678 sq ft or 829 sq ft start at about S$1.5 million or S$2,211 psf; such units with a study, at 721 sq ft or 872 sq ft, will go from about S$1.6 million or S$2,198 psf.
The three-bedroom units, ranging between 1,044 sq ft and 1,259 sq ft, start at about S$2.3 million or S$2,183 psf, while the three-bedroom dual-key units of 915 sq ft or 1,033 sq ft will cost about S$2.1 million or S$2,276 psf.
Four-bedroom units, at 1,302 sq ft and 1,539 sq ft, start at about S$2.9 million or S$2,243 psf; the four-bedroom premium units, at 1,507 sq ft or 1,884 sq ft, will cost about S$3.3 million or S$2,213 psf.
Sales bookings are expected to start on Apr 29. The project is expected to achieve its temporary occupation permit on Dec 31, 2026.
EL Development’s managing director Lim Yew Soon said: “We expect demand for housing in the one-north precinct to remain strong, and interest in Blossoms By The Park is high. We are targeting investors and upgraders with our full suite of one-study to four-bedroom units.”
One-north Eden, the last project in one-north launched two years ago, was “very well-received”, said Lim. It is now fully sold. The project sold 85 per cent of its 165 units at launch weekend, with a selling price of about S$1,800 to S$2,250 psf. The most recent transaction there was for a four-bedroom premium unit of 1,399 sq ft, which sold for S$2.8 million or S$2,019 psf in March 2022.
Most recently in District 5, Hoi Hup Realty and Sunway Development launched Terra Hill, a freehold development in Pasir Panjang. The project moved 102 units at an average price of S$2,650 psf on its launch weekend in February 2023, or roughly 38 per cent of the total 270 units.
Normanton Park, launched in January 2021, sold about a third of its 1,862 units at an average price of S$1,750 psf on the first day of sales. The most recent transaction was for a three-bedroom premium unit of 1,087 sq ft, which sold for S$2 million or S$1,845 psf in July 2022.
An 893-sq-ft unit at Parc Clematis, also in District 5, was sold for S$1.86 million or S$2,082 psf in March. The bulk of resale transactions were in the S$1,300-to-S$1,800 psf range from January to April this year, according to caveats data.
https://www.businesstimes.com.sg/property/el-development-launch-blossoms-park-s2200-s2400-psf-range
Apr 12, 2023
https://i.imgur.com/UVJDm5G.jpg
Located at 9 Slim Barracks Rise in District 5, Blossoms By The Park will house 275 residential units with one-bedroom to four-bedroom configurations in a single 27-storey block.
ILLUSTRATION: EL DEVELOPMENT
EL DEVELOPMENT will start previews for its one-north area project, Blossoms By The Park, this Friday (Apr 14), pricing the condominium to be completed there between S$2,200 and S$2,400 per square foot (psf).
Located at 9 Slim Barracks Rise in District 5, the development will house 275 residential units with one-bedroom to four-bedroom sizes in a single 27-storey block. The 99-year leasehold development will also have three floors of commercial lots, which have been approved for food-and-beverage outlets, and other types of retail.
The project, which sits on 85,648 square feet (sq ft) of land, was sold to EL Development for S$320.1 million or S$1,245 psf per plot ratio. The developer was the first among 10 bidders in a state land sale in November 2021. Bids for the site were higher than expected; analysts attributed this to the plot’s proximity to the one-north business hub.
The site has a maximum permissible gross floor area of 256,956 sq ft, with the highest plot ratio of 3.0 in its residential cluster.
One-bedroom units with a study, sized at either 549 sq ft or 689 sq ft, start at about S$1.3 million, or S$2,352 psf.
Two-bedroom units of 678 sq ft or 829 sq ft start at about S$1.5 million or S$2,211 psf; such units with a study, at 721 sq ft or 872 sq ft, will go from about S$1.6 million or S$2,198 psf.
The three-bedroom units, ranging between 1,044 sq ft and 1,259 sq ft, start at about S$2.3 million or S$2,183 psf, while the three-bedroom dual-key units of 915 sq ft or 1,033 sq ft will cost about S$2.1 million or S$2,276 psf.
Four-bedroom units, at 1,302 sq ft and 1,539 sq ft, start at about S$2.9 million or S$2,243 psf; the four-bedroom premium units, at 1,507 sq ft or 1,884 sq ft, will cost about S$3.3 million or S$2,213 psf.
Sales bookings are expected to start on Apr 29. The project is expected to achieve its temporary occupation permit on Dec 31, 2026.
EL Development’s managing director Lim Yew Soon said: “We expect demand for housing in the one-north precinct to remain strong, and interest in Blossoms By The Park is high. We are targeting investors and upgraders with our full suite of one-study to four-bedroom units.”
One-north Eden, the last project in one-north launched two years ago, was “very well-received”, said Lim. It is now fully sold. The project sold 85 per cent of its 165 units at launch weekend, with a selling price of about S$1,800 to S$2,250 psf. The most recent transaction there was for a four-bedroom premium unit of 1,399 sq ft, which sold for S$2.8 million or S$2,019 psf in March 2022.
Most recently in District 5, Hoi Hup Realty and Sunway Development launched Terra Hill, a freehold development in Pasir Panjang. The project moved 102 units at an average price of S$2,650 psf on its launch weekend in February 2023, or roughly 38 per cent of the total 270 units.
Normanton Park, launched in January 2021, sold about a third of its 1,862 units at an average price of S$1,750 psf on the first day of sales. The most recent transaction was for a three-bedroom premium unit of 1,087 sq ft, which sold for S$2 million or S$1,845 psf in July 2022.
An 893-sq-ft unit at Parc Clematis, also in District 5, was sold for S$1.86 million or S$2,082 psf in March. The bulk of resale transactions were in the S$1,300-to-S$1,800 psf range from January to April this year, according to caveats data.
https://www.businesstimes.com.sg/property/el-development-launch-blossoms-park-s2200-s2400-psf-range