Central Business District where all the major financial institutions are located has seen surge in interest in the real estate investment particularly in the project by UIC, the V on Shenton when over a period of seven days, five units had been transacted.
V on Shenton sits on the former UIC Building which was owned by listed property group United Industrial Corp. and is the redevelopment of this UIC Building into a new mixed development with both residential and commercial real estate properties. V on Shenton specifically has two towers with one new condominium tower comprising total 510 units and the other tower, the commercial tower comprises 23 storeys Grade A offices. These two towers are interlinked by a podium at the seventh floor.
The first two levels will be completed with mix of retail shops and Food and Beverages outlets followed by the next five levels which will house the car parking lots.
The residential new condo tower comprises units of various types ranging studio units, one bedroom units to three bedroom units as well as penthouses. The studio unit has size from four hundred and forty one square feet. The one bedroom unit starts from size of four hundred and eighty four square feet. The two bedroom unit starts from eight hundred and eighty three square feet. The two bedrooms with study room starts from one thousand and fifty five square feet. The three bedroom unit starts from one thousand three hundred and fifty six square feet while the penthouse starts from three thousand three hundred and fifteen square feet.
The transacted units over the seven days period at transacted price for a studio unit at one million and one hundred and fifty thousand dollars for a four hundred and fifty two square feet unit which worked out to be two thousand five hundred and thirty seven dollars per square foot. This studio unit is on the thirty first floor. Another unit of the three bedroom type with area size of one thousand and seven hundred and sixty five square feet was transacted at a price of three million and eight hundred and two thousand dollars. This is priced at two thousand one hundred and sixty four dollars per square foot and this three bedrooms unit is on the fifty floor. Units prices transacted range from one thousand nine hundred and seven dollars per square foot to two thousand eight hundred and fifty two dollars per square foot.
Most recent launches : Forest Woods and The Alps Residences
Upcoming new condo launch in 2017 :
(1) 12 On Shan in district 12. 12 On Shan condo is a freehold property in city fringe location. 12 On Shan new condo is developed by TA Realty. Developer will likely release the 12 On Shan price once the 12 On Shan showflat is ready for the public preview launch together with all the 12 On Shan floor plan details and the final print of the 12 On Shan brochure.
(2) Clement Canopy is a well designed new condo with excellent landscaping full of greenery. Clement Canopy condo is ninety nine years leasehold residential property along Clementi Avenue One. Clement Canopy condominium is developed by UOL and Singland Homes, a joint venture development with the Clement Canopy price anticipated to be attractive. Clement Canopy showflat not ready yet and as such all Clement Canopy floor plan and its Clement Canopy brochure pending developer release.