Popular real estate developer, Oxley Holdings has hit the market again with this exquisitely planned Singaporean-themed fleet of condominiums called Kent Ridge Hill Residences.
Oxley Holdings have grown to become Singapore’s most renowned real estate developer, having the largest land bank in Singapore’s real estate market, and a whole lot of projects spread across so many other countries.
Apart from property development, Oxley also is into other businesses, however, in recent times, they have launched some very critically acclaimed properties, which includes Riverfront Residences, Affinity @ Serangoon and the soon-to-be-completed Mayfair Modern.
As at December 2017, this plot, which used to be called Vista Park was bought collectively for $418 million, so much more than what the owners expected.
Base on the sale price, the figure becomes $1,096 per sq ft per plot ratio. This development is estimated to amount to an average selling price of about $1,850 per sq ft.
Kent Ridge Hill Residences promises to be an ideal home for potential buyers. It’ll have 1 to 4-bedroom type units fully equipped with the state-of-the-art home facilities.
The residents should look up to enjoying an indoor gym, lap pool, security concierge and BBQ pits, all of which will be available on the first and top floors.
There will also be the strata landed spaces reserved for multi-generational families who’re looking for a permanent family residence.
The companies in charge of marketing Kent Ridge Hill Residences are ERA Realty, Huttons Asia, PropNex and Orange & Tie.
Nestled very close to Kent Ridge MRT, Pasir Panjang MRT and Haw Par Villa MRT, this magnificent development is situated in Prime District 5 of South Buona Vista Road.
Residents can get all their supplies from the numerous shops at Icon @ Pasir Panjang, the supermarkets, shopping complexes, or the West Coast Plaza, all of which are just few bus stops away or short drive from the site.
There are also hospitals around the neighbourhood, and for financial transactions, banks like Deutsche Bank, HSBC and many others are close by at Mapletree Business District, which is just 1-stop train away.
A five minutes’ walk takes you to the Science Park, and if you want to do some good shopping or have a good time, Harbour Front City and Singapore’s largest shopping mall, Vivo City are just 2-stop train ride away from the development.
With the aim of making business and wealth creation easy for residents of Kent Ridge Hill Residences, the development is sited not far away from where business lives.
The Marina Bay Financial Institution is just 10 minutes’ drive away; also, the Greater Southern Waterfront City, and the Singapore 2nd Central Business District are the perfect places to transact business and make a whole lot of profit.
Kent Ridge Hill Residences presents a wide range of options to choose from. There are 11 five-storey buildings containing 498 housing units and 50 strata terraced houses.
During the first phase of the launching, 200 units will be available for purchase at an average price of $1,700 per sq ft.
The units vary in sizes from single-bedroom apartments sitting on 474 sq ft expanse of land, to five-bedroom apartments with study penthouses, built on 1,787 sq ft land.
The strata terraced houses occupy 1,830 sq ft and 2,067 sq ft upon which sits four- and five-bedroom units respectively.
The first and topmost floors of the apartment building will have 4.7m high ceilings, while that of others will be 2.7m high.
One-bedroom units of 474 sq ft are sold for $778,000 ($1,641 per sq ft); $868,000 for one-bedroom units with study room (1,679 psf), $1.085 million for two-bedroom apartments ($1,679 psf), and $1.528 million for three-bedroom apartments ($1,730 psf)
Oxley Holdings has been awarded the bid to oversee the collective sale of Vista Park. The development was sold at $418 million and the land rate will be around S$1,096 psf ppr.
The cost of $72 million will be paid for topping up the 99-yr lease for the property
The maximum allowed height for the residential properties at Vista Park is five storeys with a 1.4 plot ratio.
Nestled in between the sea, and Kent Ridge Park, this development sits on an expansive 319,250 sq ft land covered by 60 years of lease.
Oxley Holdings won the bid for the collective sales of Vista Park in December 2017, a bid that was strongly contested by many real estate companies.
Owners of the 2019 condominium units in Vista Park are to receive between $1.39m and $4.18m from the successful sale.
According to the managing director of Teakhwa Real Estate, Sieow Teak Hwa, compared to the prices realized from the sales of 11 units last year, these amounts are almost 200% of what they would have made of the houses were sold individually.
As at December 2017, the collective sales gained the approval of 82% of homeowners, and while other homeowners were yet to consent, the collective sale still needed to earn the approval of the Strata Title Board.
Initially, at the floating of the collective sales, homeowners proposed a reserve price of $323 million, and $350 million guide price.