Sengkang Grand Residences
By CapitaLand & CDL
Sengkang Grand Residences Showflat
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Latest Unit SOLD: #11-32
- 11 Jan 2021: Updated Balance Units Chart and Sengkang Grand Residences Price.
- 19 Jun 2020: Sales Gallery OPEN from today. No walk-in, strictly by appointment only to comply with safe distancing measures. Book your appointment today.
- 6 Jun 2020: Special Circuit Breaker Promo for the month of June with up to $40K discount for selected stacks. Limited to 20 units only! Check price now
Sengkang Grand Residences Details Summary
Sengkang Grand Residences Location
Sengkang Grand Residences (formerly known as Sengkang Central Residences) is prominently located along Sengkang Central, bounded by Compassvale Bow, right next to Buangkok MRT Station which serves the North-east Line. This integrated development in the heart of Sengkang Central has direct access to Buangkok MRT Station and the future bus interchange and is a mere 20-minute drive from the Central Business District. Future residents will enjoy sheltered direct access from their residence to Buangkok MRT Station transportation hub and mall. This development will form part of a landmark integrated development next to Buangkok MRT, with amenities such as a Community Club, hawker centre, F&B and retail lifestyle outlets.
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This new integrated development next to Buangkok MRT is proudly developed by renowned developer CapitaLand Limited (CapitaLand) and joint venture partner City Developments Limited (CDL).
CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio worth over S$100 billion as at 31 December 2018, comprising integrated developments, shopping malls, lodging, offices, homes, real estate investment trusts (REITs) and funds.
CDL is a leading global real estate operating company with a network spanning 100 locations in 28 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation.
Land Parcel at Sengkang Central
|Details of Land Parcel at Sengkang Central|
|Site Area||37,254.9 sqm/ approx. 401,012 sqft|
|Land Use Zoning||Commercial & Residential|
|Max. Gross Floor Area||78,236 sqm/ approx. 841,819sqft|
|Max. Building Height||64m Above Mean Sea Level|
|Est. No. of Housing Units||725 units (Actual no. of units provided by developer may vary)|
|Lease Period||99 years|
The Urban Redevelopment Authority Singapore (URA) has sold a mixed development site at the heart of Sengkang Central next to Buangkok MRT Station, as part of the Government Land Sales (GLS). This land is bounded by Sengkang Central, Sengkang East Road and Compassvale Bow. It is listed under the confirmed list of sites and is to be developed with residential apartments and commercial space of total gross floor area of 78,236 square metres.
The tender for Sengkang Central GLS site closed on June 21 with seven bids. The tender was for the residential and commercial site launched under the concept and price tender conditions almost similar to that of the Hillview Rise GLS site that closed on May 3, and the Holland Road GLS site – won by a Far East Organization-led consortium with a bid of $1.21 billion in May. The site being next to Buangkok MRT Station presents strong potential to be the landmark of the Sengkang-Buangkok vicinity.
Out of the seven bids, six were joint venture parties. The only one who went solo and submitted two bids with two different concepts was Far East Organization. The giant privately held property developer had submitted three bids with three different concepts for the Holland Road residential-and-commercial site.
CapitaLand-CDL JV beats 3 others shortlisted for this largest commercial-residential site awarded since 2015. Their winning bid of $777.78 million works out to $923.59 per square foot per plot ratio (psf ppr) for the 99-year leasehold site next to Buangkok MRT Station. CDL and CapitaLand Buangkok joint venture will transform the 3.7ha site into an integrated community hub with 700 residential apartments, meeting the needs of residents in Buangkok with amenities such as a hawker centre, community club, childcare centre, retail shops, as well as public rail and bus transport facilities sited in a one-stop location. This new condo at Sengkang Central is targeted for completion in the first half of 2022.
This new launch condo next to Buangkok MRT aroused interest from the public ever since the land parcel next to Buangkok MRT was fenced up for government land sales bidding. This Buangkok new condo is prone to attract first-time homebuyers and upgraders as it is a prime development in the suburban area. It will be a gem among all sengkang residences. The tentative launch date is slated to be in October 2019.
360º View of Sengkang Central
Scroll left and right to look at 360 degrees view of the Sengkang Central GLS site and surrounding amenities new Buangkok MRT.
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