SINGAPORE (Oct 23): CapitaLand and City Developments (CDL) will commence the preview of the highly-anticipated Sengkang Grand Residences sales gallery on Friday, the property development giants say in a joint release.
Bookings for the integrated development, which sits on a 3.7-hectare site at Sengkang Central with seamless connectivity to Buangkok MRT Station, are scheduled to start from Nov 2.
Apartments in the 680-unit Sengkang Grand Residences will go as low as $798,000 for a 474 sq ft one-bedroom plus study unit. On the upper end of the price range, potential owners will have to fork out some $2.1 million for a 1,324 sq ft for a four-bedroom premium plus flexi unit.
This works out to psf pricing of between $1,586.10 and $1,683.54.
Complementing the residential component, the integrated development also comprises a three-storey mall spanning over 160,000 sq ft of gross floor area.
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 site awarded since 2015 – for $777.78 million in August 2018.
“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 with active civic spaces that serve the needs of the wider community,” says Chia Ngiang Hong, CDL Group General Manager.
“Set to emerge as the new focal point for the Buangkok neighbourhood, the upcoming integrated development 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,” says Ronald Tay, CEO of CapitaLand Singapore, Malaysia & Indonesia, Residential & Retail.
As at 1.22pm, shares in CapitaLand are trading 1 cent lower at $3.61 while shares in CityDev is trading 9 cents lower at $10.58.
Read also:
