SINGAPORE (EDGEPROP) – The final of Allgreen Residence’ trilogy of new jobs in the Bukit Timah enclave this year will certainly be launched in mid-October. Valued competitively coming from $2,600 psf, the freehold, prime condominium has actually been actually commonly foreseed.
On the weekend break of Oct 5-6, Allgreen Residence are going to hold the preview for Royalgreen. The 285-unit upscale condo unit is the last venture in The Bukit Timah Collection, which includes 3 projects. The other two are the 476-unit 4th Opportunity Residences and also the 115-unit Juniper Hillside on Ewe Advantage Street. Meanwhile, Royalgreen is located along Anamalai Roadway and also 250m from the Sixth Method MRT Terminal on the Midtown Line.
Royalgreen is actually additionally only 300m coming from 4th Pathway Residences, the 1st task in Allgreen Properties’ The Bukit Timah Collection. Introduced in January this year, Fourth Pathway Residences is actually the only 99-year leasehold progression within the compilation. To day, 102 devices (21.4%) have been actually sold at an ordinary transacted cost of $2,407 psf, according to caveats housed with URA Realis to date. It is actually taken into consideration among the top-selling jobs in the Center Central Region (CCR) this year.
Holding out for freehold
Provided the distance of Royalgreen to Fourth Pathway Residences, Anson Lim, Allgreen’s elderly general supervisor for home marketing and sales, believes that the past will certainly appeal to those that have been actually claiming a property project in the neighbourhood.
Besides the freehold tenure, Royalgreen is actually well priced from $2,600 psf. Allgreen will also offer a 2% early-bird rebate to buyers at Royalgreen’s launch on Oct 12. The designer wants to launch an initial phase of 108 systems up for sale, with the project jointly industried by AGE Real estate Network, Huttons Asia, OrangeTee & Tie, as well as Savills Singapore.
Depending on to Allgreen’s Lim, Royalgreen is priced at an acceptable fee to 4th Pathway Residences. “There’s normally a 15% rate costs for brand-new, freehold growths reviewed to 99-year leasehold jobs in the very same location,” claims Lim. “Throughout particular durations in the property pattern, it may even fall to 20%.”.
Much larger devices.
Apart from period, Allgreen has additionally separated both projects with its own apartment offerings. At 4th Avenue Residences, about 67% of the 476 devices are actually one- and also two-bedroom houses, including two-bedroom fee units. The one- as well as two-bedroom devices range from 474 to 721 sq ft. Three-bedroom apartments at 4th Method Residences begin with 915 square foot, while four-bedroom-plus-study systems are from 1,475 sq ft.
Meanwhile at Royalgreen, there are no one-bedroom rooms. Nonetheless, around 62% of the 285 devices within the growth are actually two-bedroom homes, that include fee systems and those with research study or even guest room. Dimensions of the two-bedroom systems vary from 635 to 861 sq ft. The a measure costs of two-bedroom apartments begin with $1.7 million.
Three-bedroom and also three-bedroom-plus-study devices at Royalgreen variety from 926 square feet to 1,076 sq ft, with suggestive rates from $2.5 million. There are likewise 4 1,259 square foot four-bedroom-plus-study units and 18 four-bedroom costs flats ranging coming from 1,431 to 1,475 sq ft.
Main District 10 place.
Royalgreen includes 8 5-storey obstructs remaining on a 174,176 sq ft. It lies at a Good Training class Bungalow island as well as top colleges such as Hwa Chong Institution, Nanyang Elementary School as well as Methodist Girls’ University.