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|Looking for new condo launches in Singapore? Cosycondo.com offers some of the world’s best residential and commercial Property investment opportunities.Project InformationLand Parcel at Hillview Avenue The land parcel, with a site area of about 1.26 ha, is located within an established residential estate in the west region. The site can potentially yield about 370 private housing units and is near the future Cashew and Hillview MRT Stations. These stations are part of the Downtown Line 2 Mass Rapid Transit system that will provide residents with convenient access to the city centre when it is completed in 2015.The land parcel is located within an established private residential estate with condominium developments such as Hillview Park, Glendale Park, Hillview Heights, Hillington Green & Summerhill.Future residents can enjoy scenic views of Bukit Timah Hill and quiet respites at the nearby Bukit Batok Nature Park and Bukit Timah Nature Reserve.
A little-known company owned by three Chinese nationals has offered the highest bid of S$243.22 million for the Hillview residential site tender that closed on 6 March 2012. Submitted by Kingsford Development Pte Ltd, the S$243.22 million bid works out to around S$638 psf ppr, well ahead of the expected bid of between S$500 psf ppr and S$550 psf ppr.
The second highest bid came from Flamegold Pte Ltd at S$205.1 million, while the lowest bid was S$147.98 million, offered jointly by Capital Development and Qinghe Ltd. The URA said the site attracted a total of seven bids; with other bidders including MCL Land, EL Development, Mezzo Development and a consortium comprising Astor Properties, Tannery Holdings and Sekisui House Ltd.
The site sits “next to Bukit Gombak Camp and The Hillier, a newly-launched residential-cum-commercial project,” said Li Hiaw Ho, Executive Director of CBRE Research. “The neighbourhood comprises largely private condominiums such as Glendale Park, The Lanai (under construction), Hillvista and Hillview Heights and the landed homes of Hillview Garden Estate.”
Why this Condo?
Walking distance to the future Hillview MRT Station. (Downtown Line 2 targeting completion in Dec 2015)
Near The HillV2, a 2-storey 55,500 sq ft lifestyle and retail mall, The Rail Mall, Junction 10 and West MallEnjoy uphill panoramic view amidst nature surroundingsNear Bukit Timah nature reserves, Bukit Batok Town Park, Dairy Farm Nature Park and Hindhede Nature ParksIslandside connectivity via major expressways BKE and PIE.
Proximity to Schools and Amenities Numerous schools such as CHIJ School (Bukit Timah), Assumption Vocational Institute and Assumption English School are located nearby. Major shopping malls such as West Mall, Junction 10, Bukit Panjang Plaza, The Rail Mall and upcoming The HillV2 development provide a wide array of shopping, dining and entertainment options to future residents.
Easy Access The site is accessible via major roads and expressways such as Upper Bukit Timah Road, Bukit Timah Expressway (BKE) and Pan-Island Expressway (PIE). Future residents will also have easy access to the rest of the island via the future Cashew and Hillview MRT Stations along Downtown Line 2 which is expected to be operational by 2015