Testing the resilience of city fringe at Alexandra-Prince Charles

By Cecilia Chow / The Edge Property | November 11, 2015 10:00 AM MYT

UOL and Kheng Leong set to roll out Principal Garden at an average price of $1,600 psf. It will test the resilience of the city-fringe location at Alexandra-Prince Charles.

Leading an entourage of staff, property agents and reporters around the show flats of Principal Garden, Liam Wee Sin, deputy group CEO of UOL Group, points out the merits of the latest condominium that will spring up on Prince Charles Crescent, just off Alexandra Road.

The oak flooring, high-end kitchen cabinets and appliances as well as full marble bathrooms are equivalent to the specifications at luxury condo Nassim Park Residences. The fully sold 100-unit Nassim Park Residences which was completed in 2011 is a joint-venture (JV) project between the listed UOL Group and privately held sister company Kheng Leong Co, controlled by the family of UOB chairman emeritus Wee Cho Yaw, along with Orix Capital. Another collaboration between UOL and Kheng Leong together with construction company Low Keng Huat was the 405-unit One-North Residences.

Principal Garden is a 70:30 JV between UOL and Kheng Leong. Located on a 269,000 sq ft linear site, the project contains four identical 24-storey blocks. The blocks are oriented such that most units will have an unblocked view of the Alexandra Canal and park connector or the Good Class Bungalow (GCB) neighbourhood of Jervois and Mount Echo Park. “The scheme by Architects 61 is refreshing in its simplicity as it allows every unit to have a unique view,” says Liam.

With the towers raised 15m above street level, units on the second level are equivalent to being on the sixth storey of a typical apartment block in the neighbourhood. Therefore, even the low-floor units will have unblocked views. The towers occupy just 20% of the site area, freeing up the remaining land area for landscaped gardens, swimming pools and other amenities, including a 1,516 sq ft gym, a wine cellar and lounge as well as clubhouse. There’s also a sky club on the 24th floor of one of the towers.

The showflat with a dark wood scheme