Launching soon! D19 Former Minton Rise Condo @ Lorong Ah So (Hougang Estate)
Launching soon! Watch out for another EXCITING Condo Launch by Kheng Leong at former Minton Rise Condo Estate @ Lorong Ah Soo (Hougang Estate)
1000+ units Former Minton Rise by Kheng Leong.
Former Minton Rise Condo Estate Hotline: +65-92993342
Home Page: http://iPropertyFacebook.com
Last edited by richardsng_era; 24th January 2010 at 02:08 PM.
D19 Upcoming Sellout Condo @ Lorong Ah Soo(Former Minton Rise)
Launching Soon !!!
Former Minton Rise Condominium @ Lorong Ah Soo
(Hougang St 11 off Lorong Ah Soo)
By Peak Garden Developer ( UOL Related developer)
(Target Launch Date: End May/ Early June 2010)
Exclusive 1144-unit 99 year Development
High-rise development 18 blocks nestled in matured private residential estate
Map by Google .Outline Rough sketch
Reputable Schools & Institutions
*Within 1km to Paya Lebar MGS *
Montfort Jr & Sec Sch, Zhonghua Pri Sch, CHIJ Our Lady Of Good Counsel Sch, Nanyang Junior College etc
Near International Schools => Rental Potential!
Near Australian International School, Lycée Français de Singapour & upcoming Stamford American International School at Upper Serangoon Road
Near Upcoming Mega Mall, Famous Eateries & Amenities
Future Mega shopping mall, Nex (equivalent to size of Parkway Parade & IMM) at Serangoon Central
Heartland Mall, AMK Hub, Hougang Mall wet markets, supermarkets
Serangoon Gardens, popular eateries at Chomp Chomp etc
Near Kovan MRT Station and Serangoon MRT Interchange (North-East Line & Circle Line)
Easily accessible to city centre and other parts of the island via CTE, PIE, KPE, SLE
Unit Types (First Draft)
2 Bedroom 884 – 1,144 sqft
3 Bedroom 1020 – 1661 sqft
4 Bedroom 1515 – 3087 sqft
Penthouses 1490 – 3237 sqft
Hurry Call Developer Sales Team to For VVIP PREVIEW
REGISTER NOW FOR LATEST NEWS AND PRICING
SALES HOTLINE: + 65 9671 1522
Errrr... what is UOL Related developer har? why can't give full name? so secretive, izit no confidence of some lousy name with no-std??
there is only one UOL "related" developer lah, that's Mr. Wee's "private" vehicle . See he got this plot real cheap:
KHENG Leong, a privately owned property group controlled by the family of banker Wee Cho Yaw, has bought a privatised HUDC estate in Hougang for $209 million. The company inked a deal over the weekend to buy Minton Rise in a collective sale, according to sources.
Sold: Owners of the privatised HUDC estate will receive about $611,000 on average
BT understands that Kheng Leong may team up with listed construction and property group Low Keng Huat in some way. But sources could not say for sure whether this would involve Low Keng Huat merely handling the construction of the project or taking an equity stake in the redevelopment as well.
Minton Rise has 342 apartments in total. Owners will receive about $611,000 on average. The deal will be subject to approval from the Strata Titles Board.
The $209 million that Kheng Leong has agreed to pay is the reserve price. NRA Real Estate brokered the sale. The unit land price works out to about $236 psf of potential gross floor area, inclusive of an estimated $84 million development charge and a $19.5 million sum (estimated last year but not confirmed by the authorities) for upgrading the site's lease from a then remaining term of 79 years to a fresh 99-year term.
The 472,378.5 sq ft site is zoned for residential use with a 2.8 plot ratio (ratio of potential gross floor area land area), which could mean a new condo with about 1,100 units averaging 1,200 sq ft.