SINGAPORE (Oct 28): CapitaLand and City Developments (CDL) commenced the preview of the residential component of their joint venture, Sengkang Grand, on Oct 25. The mixed-use development, which occupies a 3.7ha site in Sengkang Central and has seamless connectivity to Buangkok MRT station, will be the first community and lifestyle hub in the North-East region.
Prices of apartments in the 680-unit Sengkang Grand Residences range from $798,000 for a 474 sq ft one-bedroom plus study unit to $2.1 million for a 1,324 sq ft four-bedroom premium plus flexi unit. This works out to a psf price of between $1,586.10 and $1,683.54.
Complementing the residential component is the three-storey Sengkang Grand Mall, which will have a gross floor area of more than 160,000 sq ft. Sengkang Grand Residences is part of a first-of-its-kind integrated development with a retail mall, community club, hawker centre, community plaza, childcare centre and bus interchange.
The CapitaLand-CDL joint venture clinched the site — the largest commercial and residential one awarded since 2015 — for $777.78 million in August 2018.
Chia Ngiang Hong, CDL group general manager, says: “Envisioned as the new heartbeat of Sengkang, the integrated development exemplifies the importance of placemaking and adds a new dimension to the concept of ‘integrated developments’, with its dynamic mix of residential and retail components, along with active civic spaces that serve the needs of the wider community.”
Ronald Tay, CEO of CapitaLand Singapore, Malaysia and Indonesia, residential and retail, says: “Set to emerge as the new focal point for the Buangkok neighbourhood, the project will inject vibrancy and enrich the lifestyle and community offerings for residents in the North-East region. Given its convenient location atop a transport hub and direct access to a mall and community amenities, we are optimistic that Sengkang Grand Residences will be well received.”
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