Back in26th November the year 2015, a government land sale tender was leased for a site which is located on Siglap Road. The tender attracted a number of bids because GLS sites in the region were becoming rare. The tender was closed on 14th January the year 2016 after drawing around 8 bids. The parcel of land extends to an area of 207,848sqm which will be developed into a private urban condominium with a 99-year leasehold units called Seaside Residences. The Seaside Residences was developed by Frasers Centrepoint and Consortium Limited who emerged the winners of the bid.
Seaside Residences Sea View Frontage by Frasers Centrepoint Homes
There are various residential developments near the seaside Residences which include Villa Marina, Mandarin Gardens, Lagoon View, East Coast Park, Costa del Sol, Bayshore Park as well as Cote D’Azur. The property lies about 400 meters from Siglap MRT Station which is believed to be ready for use by 2023. The station will also serve the upcoming Thomson-East coastline. The present connectivity alternatives are also favourable. Residents within the area also use Bedok MRT station of East West Line which is 1.7 KM away. The Bedok bus junction is also near the station and will help residents to access different places in the entire region of Singapore. Residents willing to access Marina Bay, Central Business District, and Marina South will use East Coats Parkway which is a 5-minute drive away.
Siglap has many shopping around the vicinity which range from old school Parkway to the recent stylish 112 Katong Mall which is a close distance to Seaside Residences; thus residents will have no problem going shopping. Marine Trade Town Center is also a short way drive, and there you will find markets, retail outlets as well as food centers.
Parents looking for a resident in Frasers Centrepoint unit FCL Topaz Condo Siglap Road will find the Seaside Residents convenient because there are several popular educational centers and schools as well. Examples are the Victoria Schools, Opera Estate Primary School, Saint Patrick’s, Global Indian International Schools, Victoria Junior College, Temasek College and others.
Seaside Residences Frasers Cote D’Azur Condo
The Seaside Residences are expected to be launched in the year 2017. Likewise, the Siglap Road New Condo Launch is expected to target occupiers and buyers as well who are looking forward to investing in real estate. The Frasers Centrepoint developers have aimed price segments of mid-tier and upper-tier and are certain that these price segments will give the best results possible to the Seaside Condo launch. The selling price for the project is believed to be at a minimum price of 1400 USD to 1500 USD per square foot because of the bid made by the Frasers Centrepoint and Consortium LTD. the price will as well require favourable market conditions at the time of sale launch by Sekisui House and Keong Hong Holdings unit KH Capital.
The Siglap Road Seaside Condo near Frasers Cote D’Azur condo is expected to have all major amenities that are in all luxurious residential condo. Examples of these amenities include barbecues area, club house, swimming pools, gyms, lap tools as well as a covered car parking lot. Other amenities and features are still to be revealed by the developer of the property.
Optimistic Bids for Seaside Residences by FCL Topaz
The plot ratio of this land is 3.5 with an approximate permissible floor area of 727,647 square feet. The seaside residences will also have an approximate of 843 residential units as well as over 427 storeys blocks. The Frasers Centrepoint and Consortium submitted a value of 624,160,000 USD. The approximated figure for the work is 858 USD per square foot plot ratio.
trfc December 22, 2016
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