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Thread: Sterling Residences at Sterling Road- Launching Soon

  1. #1

    Default Sterling Residences at Sterling Road- Launching Soon

    Sterling Residences​


    ​Sterling Residences

    ​New Launch Condo

    The 99-year leasehold ​Sterling Residences​ ​is jointly developed by Nanshan Group and Logan Property. The permissible gross floor area will be 954,328.3 square feet (88,660 square metres), and the development will be made up of 4 storey blocks the whole site having a maximum height above sea level of 163 metres. It is expected that the project will comprise of up to 1,110 units though the size and nature of those is yet to be released.

    The site is located next near to the existing Anchorage condominium. The area is on elevated land which is an advantage for several reasons, including that of privacy.

    The development is located on Stirling Road and is made of Queensway, Commonwealth Avenue and Alexandra Road in what is becoming a popular location for developers and home seekers alike, and is showing all the signs of gentrification that has characterised many other areas. It is a mature district however with the infrastructure and amenities that comes with that. There are plentiful dining options within walking distance, a short bus journey or drive. Dawson Place, Anchor Point and Alexandra Central malls are all in the vicinity, with Valley Point and Great World only a little further away.

    ​Sterling Residences

    ​New Launch

  2. #2

    Default Latest updates on Stirling Residences - Mega-development near Queenstown MRT !

    Why buy Stirling Residences ?

    1) Within 3 mins walk to Queenstown MRT (Only 240m)
    2) Within 5 mins walk to nearby amenities such as Queensway Shopping Centre, Anchorpoint, IKEA, Mei Ling Market & Food Centre, Queenstown Primary School and many more
    3) Within 10 mins drive to Orchard, Marina Bay, One-North and Mapletree Business City
    4) Luxurious condominium, consisting of 1259 units & 1 Childcare Centre. Huge site area of more than 227,000 sqft, with extensive landscape & facilities
    5) Breathtaking views of the dynamic city, lush greenery & the sea

    Tentative Unit Mix of Stirling Residences
    1BR 441 sqft
    1BR + Study 506 sqft
    2BR 624 sqft to 657 sqft
    2BR Deluxe 678 sqft to 689 sqft
    2BR + Study 764 sqft to 786 sqft
    3BR - 883sqft to 893 sqft
    3BR Utility 980 sqft
    3BR Premium 1055 sqft
    4BR 1345 sqft
    4BR PH 1798 sqft to 1851 sqft

    Total of 1259 units

    For more information, refer to Stirling Residences


  3. #3

    Default

    Highly anticipated preview launch to be on 30th June.

    Indicative price as follows:
    1BR from $8xxK
    2BR from $1.1xx'M
    3BR from $1.4xx'M
    4BR from $2.2x'M

    For more information, Stirling Residences
    Showflat hotline/ for more information: (+65) 9783 7903

  4. #4

  5. #5

    Default

    Stirling Residence show flat grand opening tomorrow, Sat, 30 June


    EVERYTHING U Need Within 500m
    3 Mins Walk To Queenstown MRT. 5 Mins Walk To Anchorpoint Mall. Short strolls to market, food centre, supermarket & amenities. All whilst enjoying the luxury of a serene living environment.

    HEART of the Central Region
    Close proximity to Marina Bay, CBD, One-North & Mapletree Business City, as well as famous hangouts like Orchard Road, Dempsey Hill & Holland V.

    BREATHTAKING Views For Most Units
    Overlooking the dynamic City, tranquil sea & lush greenery.

    WORLD-CLASS Masterpiece with Rare Superb Layouts!
    3 Elevated skyscrapers sit on sprawling landscapes with 80 facilities, featuring a 500m Forest Trail, 18 Sky Terraces & 7 Pools. Superb layouts are designed to maximise open space, light & the stunning views.

    Indicative Price
    1 Br from $8XXK
    2 Br from $1.1Xmil
    3 Br from $1.4Xmil
    4 Br from $2.2Xmil

    Info is accurate as at 29June 18 and subjected to changes w/o prior notice


  6. #6

    Default

    Looks like a nice project, but i am concerned about over-saturation in that general area. you will be competing for the same tenant pool as commonwealth towers, queens, queens peak, alexis, anchorage, margaret ville, tangling view, echelon, artra, alex residence, metropolitan, ascentia sky, the crest, principal garden.

    That's more than 8500 units in total from above mentioned condos all within close proximity. Any thoughts?

  7. #7

    Default

    You pretty much answered your own question. As an investor not for own stay, maybe you got to look harder at other nearby resale projects which might give you better proximity to transport nodes to give your tenant pool an edge over others. Stirling is not exactly that close to the nearest MRT but it has some height-facing advantage.

    I find ARTRA to be slightly ahead of the game if comparing new projects vs pricing if you die-die need to invest in this district.

    2 cents,
    PropVestor

  8. #8

    Default

    Quote Originally Posted by PropVestor View Post
    You pretty much answered your own question. As an investor not for own stay, maybe you got to look harder at other nearby resale projects which might give you better proximity to transport nodes to give your tenant pool an edge over others. Stirling is not exactly that close to the nearest MRT but it has some height-facing advantage.

    I find ARTRA to be slightly ahead of the game if comparing new projects vs pricing if you die-die need to invest in this district.

    2 cents,
    PropVestor
    Thanks for the input, i am definitely not in a must buy situation as i already have exposure to singapore real estate; plus, it would take a lot more than this for me to invest in 99 year leaseholds.

    it is disheartening to search for properties now days with either outrageous asking prices or sellers delisting altogether to wait for even higher prices.

  9. #9
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    8,048

    Default

    Quote Originally Posted by Ayeya View Post
    Thanks for the input, i am definitely not in a must buy situation as i already have exposure to singapore real estate; plus, it would take a lot more than this for me to invest in 99 year leaseholds.

    it is disheartening to search for properties now days with either outrageous asking prices or sellers delisting altogether to wait for even higher prices.
    Agree with the "outrageous asking prices" but when you add all the numbers together that is the new price.

    $446,280,000/42,973(462557.52)=964.80psf ppr

    https://www.ura.gov.sg/maps2/?servic...LEASE&site=941

    The land price already more than my sale price in 2011.

    Most chose to see the price they want only to regret not buying years later.

    Got a few walk in to show flat told me they regret not buying earlier, guess they will keep regretting years later.

    Can buy don't buy, wait for What. How many 10 years do one have.

    When I bought my $899 psf at Terrasse my agent told me D19 $899 psf is too high in 2011, now I marketing $1700 psf in 2018 two bus stop away The Garden Residences. If Bank can Loan me money I will still buy.

    Bankruptcy

    Bankruptcy is a legal status of an individual who cannot repay debts of greater than $15,000 and is declared a bankrupt by the High Court. The High Court usually appoints the Official Assignee to administer the bankrupt’s affairs in bankruptcy. These include the selling off of the bankrupt’s assets to repay his creditors, the registration of the creditors' claims and the distribution of dividends to the bankrupt’s creditors.https://www.mlaw.gov.sg/content/io/e...ankruptcy.html

    Debts greater than $15,000, if loan of a million dollar property is $800,000 will you buy.

    The Risk and Reward is just too great.
    Last edited by Arcachon; 5th July 2018 at 08:45 AM.

  10. #10
    Join Date
    Dec 2008
    Posts
    3,719

    Default

    These HK-listed developers are building HK size apartments. A 3 bedder with balcony sized at 1,055 sqft. And that is a premium type, other 3 bedder types are even smaller.

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