PROJECT DETAILS

LOCATION and AMENITIES

AVAILABLE UNITS/ SOLD/ CHEAPEST PRICES PSF

Please Register with Us 

for your Floor Plans and Pricing Here when available!!

THOMSON EAST COAST MRT LINE TO BE COMPLETED IN 2024

On August 15, 2014, the LTA announced that the southern end of the Thomson Line which serves the North South corridor will be extended eastwords to form the new TEL MRT line. In Singapore, the proximity to an MRT station helps to sell properties. The 13km East coast stretch will bring MRT travel to areas not currently served by the MRT system and increased connectivity to the East will be brought about by a 2.2km, 2-station extension of the Downtown Line (DTL) to join DTL To TEL. Here are some points about TEL:

• Consists of the 22 station Thomson Line along the N-S corridor and the 9 station Eastern Region Line
• Seamless connection from Woodlands in the North to the East Coast
• Fully underground
• Benefits of sscale, operational efficiency and common systems and trains
• Total Length 43km
• Total cost of S$24 billion, 6.8 billion for the Eastern Region Line
• Total of 31 stations
• Scale similar to N-S line and Downtown line
• 7 private properties acquired
• 7 interchanges 
• Expected traffic - 500k passengers daily, increasing over time to 1mil daily
• Alternative to E-W line for some commuters
• Eastern end of the DL line to be linked up to TEL with the addition of 2 new stations
  • Downtown Line 3 extension (DTL3e) - 2.2km
  • Access to Changi Business Park and Expo areas
• Travelling time saved (now served by MRT or MRT+Bus):
  • East coast to Orchard, 45mins instead of 75mins, saving 30mins
  • Woodlands to Marine parade, 1 hr, currently not possible by MRT, 80mins by bus
  • Marine parade to Shenton Way, 20mins instead of 40mins, 20mins saving
  • Marine parade to Jurong East, 50mins (via TEL, EWL) instead of 65mins, save 15mins
  • Upper East Coast to Ang Mo Kio, 45mins instead of 60min, save 15mins

• New combined MRT and bus depot to be built next to the existing Changi Depot
  • Capacity for 220 trains from TEL, E-W and DTL lines and 550 buses
  • 36-hectares, multistorey
  • Combining and having several storeys saves 44 hectares
  • Existing depot to be demolished

• East Region Line
  • 16km long
  • Serves new areas such as Siglap, Marine Parade, Upper East Coast and Bedok South
  • Construction of the Eastern Region Line to start in 2016.
  • First 7 stations - Tanjong Rhu to Bayshore - to be ready by 2023.
  • Last 2 stations of the Eastern Region Line - Bedok South and Sungei Bedok to Tanjong Rhu to be ready by 2024
  • Singapore's first underground bicycle parks
    • Marine Parade, Marine Terrace, Bayshore and Sungei Bedok Stations
    • More bicycle parts at all future stations

 Quick Milestones:

• 2019 - 3 stations on the NEL line gets connected to the N-S Line at Woodlands MRT
• 2020 - 6 new stations from Springleaf to Caldecott open
• 2021 - 13 new stations from Mount Pleasant to Gardens by the Bay give direction access to the CBD, Marina Bay and Gardens By The Bay from the Woodlands
• 2023 - 7 stations on the East Coast stretch open new access to the East Coast area currently not served by any MRT line
• 2024 -  last 2 stations on the East Coast stretch connect to the DTL3e extenstion at Sungei Bedok and will relieve some pressure on the E-W line.

SUSTAINED LAND WON THE TOP BID FOR PARKWAY MANSIONS THROUGH EN BLOC SALES

1) Parkway Mansion has been sold at S$146.99 million to SL Capital (3) Pte Ltd, a consortium led by Sustained Land Pte Ltd.

The sale price was 6.5 per cent above the owners' guide price of S$138 million during the tender that was launched on Nov 16. The sale price and an estimated development charge of about S$21 million translate to a land rate of S$1,536 psf per plot ratio. The development charge is payable to the state for the intensification of land use.

Parkway Mansion is a 17-storey freehold development that houses apartments of sizes ranging between 169 square metres and 181 square metres.

Depending on the size of their property, each owner will stand to receive between S$4.5 million and S$4.7 million in gross proceeds upon completion of the sale.

Parkway Mansion is located just 100 metres from the upcoming Tanjong Katong MRT station on the Thomson-East Coast Line which is slated for completion in 2023.

The property had been offered for collective sale twice before this third successful tender.

Tang Wei Leng, managing director of Colliers International, which serves as marketing agent for this collective sale, said that SL Capital (3) has submitted the highest unconditional offer.

The 3,620.9-square-metre site occupied by Parkway Mansion has a gross plot ratio of 2.8, with a potential total gross floor area of 10,138.5 square metres.

CDL WON TOP BID FOR FORMER CONDO SITE OF AMBER PARK, SHORT DISTANCE TO TANJONG KATONG MRT STATION

2) SINGAPORE - Amber Park, a 200-unit development in Amber Gardens, has been sold in Singapore's latest collective sale to two units linked to City Developments (CDL) for S$906.7 million.

This makes it a record amount garnered in a freehold collective sale in Singapore to date, said marketing agent JLL.

The winning bid also smashes the asking price of S$768 million.

The units involved in the sale were CDL's wholly-owned subsidiary Cityzens Development, and joint-venture partner Hong Realty. Hong Realty is the private real estate arm of the Hong Leong Group, and holds a 20 per cent stake in the project.

Under the 2014 Master Plan, the 213,670 sq ft Amber Park site is zoned for residential use, with a gross plot ratio of 2.8. It may be redeveloped to accommodate a high-rise apartment development of around 24 to 26 storeys, depending on the technical height controls imposed by the relevant authorities.

Mr Tan Hong Boon, regional director at JLL, said in a statement on Wednesday (Oct 4) that the tender was "keenly contested" and attracted eight bids.

The successful sale price of S$906.7 million reflects a land rate of about S$1,515 per sq ft per plot ratio, based on the allowable gross plot ratio of 2.8. Development charges are not payable for the proposed redevelopment.

This is the fourth time that the property was offered for sale collectively.

"There are not many sites of similar size that are available for redevelopment in the Amber Road location, as most of the larger projects have been sold en bloc and redeveloped over the years. Amber Park could possibly be one of the last collective sale sites with a land area above 200,000 sqft in this precinct," noted Mr Tan.

"At this sale price, the owners would expect to receive gross sale proceeds of between S$4.3 million and S$8.3 million each."

Separately, CDL said it is very familiar with the District 15 locale, having developed the existing 200-unit Amber Park itself, which was completed in 1986.

CDL and Hong Realty plan to redevelop the site into a luxury condominium development comprising four 25-storey blocks with close to 800 units and a basement carpark, subject to approval. Most apartments will have a North-South facing orientation, with many units commanding sea views.

CDL chief executive-designate Sherman Kwek noted that the Amber Park tender win marks one of the group's "most significant investment deals in the Singapore residential market in recent years"

"CDL was the original developer for Amber Park in the 1980s and we are honoured to be able to redevelop the site into yet another iconic landmark. In addition to its strong locational attributes, a distinct advantage of this site is its freehold status, something that is increasingly rare in Singapore," said Mr Kwek.  New Launch-   New Amber Park

Source: Straits Times 4th October 2017

UOL GROUP WON TOP BID FOR LAND PARCEL AT NANAK MANSIONS ALONG MEYER ROAD THROUGH COLLECTIVE SALES

3) AN associate company of UOL Group is set to purchase en bloc freehold property Nanak Mansions for S$201.08 million after putting in the winning bid in a tender.

Nanak Mansions, located at 92-128 Meyer Road, occupies an area of about 10,185 square metres. The freehold site, with a gross plot ratio of 1.4 based on 2014 Master Plan, is earmarked for residential development.

The bid from UOL's associate, Secure Venture Development (No.1) Pte Ltd, was accepted on Thursday by all the subsidiary proprietors of the units in the development.

Secure Venture Development (No. 1) will pay up 10 per cent of the consideration, including the S$1 million tender fee paid on bid submission, within seven business days from the acceptance of the offer. The other 90 per cent of the purchase consideration will be paid up on legal completion of the deal.

Secure Venture Development (No.1) is a 50:50 joint-venture (JV) company between UOL Venture Investments Pte Ltd and Kheng Leong Co (Pte) Ltd.

The JV company will re-develop the freehold site acquired and also acquire a private road of about 910 square metres next to the property, if the subsidiary proprietors of Nanak Mansions and their associates exercise a put option.

Kheng Leong Co is considered an associate of several members of the Wee family behind UOL, including UOL's chairman Wee Cho Yaw, controlling shareholder Wee Ee Cheong, and directors and substantial shareholders Wee Ee-chao and Wee Ee Lim.

COMPARE

CONTACT US

You are only one-step away from owning a unit in New Condo in Meyer Road

Thank you for Your interest in New Condo at Meyer Road

Be among the first to view and book New Condo at Meyer Road, a new life-style living condominium at East Coast Parkway, at the lowest pre-launch price

Enjoy attractive prices before the official public launch. Be the first to secure your choice unit

• Latest updates on the development
• Priority unit choice and selection
• Enjoy early-bird VVIP Discounts
• Direct Developer price
• No Commission payable

Register for a copy of New Condo at Meyer Road Floor plans, E-Brochure, Pricing and Latest Updates when available!