Principal Garden set to launch soon at Prince Charles Crescent Parcel B. This is a new development by UOL with full condo facilities. UOL came in top bidder for this site at Parcel B with $461,100,000 or $8833.40psm, much lower than The Crest which was bidded by Wingtai at Parcel A at $561,298,999 or $10,336.31psm in 2012. Will Principal Garden be a better buy than The Crest?
Located at Prince Charles Crescent put Principal Garden in a city fringe location with just 10 minutes within shenton way, orchard shopping belt and vivo city. Renowned schools nearby include Gan Eng Seng and Crescent Girls School etc. Nearby MRT is Rehill MRT Station which is about 5 minutes walk away.
View from
Principal Garden should be awesome facing Greenery at Botanic Garden and Bukit Timah Nature Reserve for those Northward facing as those development after Prince Charles crescent and jervois road are at Plot 1.4 or only 5 storey high and consist mainly of GCBs, Landed, low rise apartment and Embassies.
Southward facing might be enbloc now but the plot in front, along Alexandra Road has a higher plot ratio of 3.5,w hich means it likely can be built higher than Principal Garden.
Info about the land bid as follows
Type: Residential
Tenure: 99 years
Site area: 24,964.3 metre square
Tender Close: 16/April/2014
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