High Quality Luxury Condo Close to Serangoon Gardens
Offering upmarket houses for existing locals in the Serangoon location, along with for customers that desire live near the Serangoon Gardens landed housing estate, Affinity at Serangoon looks readied to elevate the general desirability of the neighborhood.
Its resort-like looks, as well as style, enhance the adjoining landed estates, while its high-quality houses as well as wide selection of units enhance the landed houses.
The 1,052-unit Fondness is developed by a consortium of local designers led by Oxley Holdings, and also that includes KSH Holdings, SLB Growth, and Apricot Capital.
Affinity is one of the most recent exclusive property tasks that are being provided in the area, and is a redevelopment of the previous HUDC estate, Serangoon Ville. The Oxley-led consortium purchased the 99-year leasehold website for $499 million ($ 835 psf per story proportion) in July 2017 in an en bloc bargain.
Fondness uses 1,002 homes comprising one- to four-bedroom systems of 474 to 1,711 sq ft, in addition to 10 penthouses of 1,550 to 1,701 sq ft. It likewise flaunts 40 condominiums of 2,056 to 2,347 sq ft.
The task saw a successful sales launch last June and offered 76 units over its very first week of sales, as well as videotaped an ordinary market price of $1,565 psf, according to cautions lodged with URA Realis. These included 2 townhouses of 2,067 sq ft which fetched $2.39 million ($ 1,155 psf) as well as $2.33 million ($ 1,127 psf).
Today, according to caveats, the job has actually marketed 563 devices (or greater than 53% of devices). It has achieved an average asking price of $1,490 psf for its condominium devices, and approximately $1,486 psf for its 15 condominiums. “Affinity at Serangoon is a well-thought-out growth, with excellent architecture, layouts as well as facilities. With efficient designs, units are roomy as well as customers are spending for areas that they can take pleasure in,” claims Oxley.
The increase in worth of the location from the arrival of Fondness has actually likewise drawn some multi-generational family to snap up systems. “There is definitely a chance for multi-generation living which can be seen by the healthy and balanced take-up rate of our strata condominiums. Virtually 40% of the strata residences have actually been sold to day, and these days it is rare to discover brand-new strata landed homes that are sustained with numerous facilities,” states Oxley.
Limited to just 40 units, these two-storey strata condominiums include 4- and five-bedroom devices that feature a backyard; for selected units, the yard leads to a swimming pool.
Sales at Affinity obtained a sales increase this year when information of the future Cross Island MRT Line were revealed on Jan 25. Serangoon North, one of the future terminals, will be located regarding 300 metres from the condo. Oxley Holdings had 60 per cent of units at Mayfair Gardens sold, while Mayfair Modern was launched recently for sale.
Raised by the information, Oxley sold 31 units at Affinity over the weekend break of Jan 26 as well as 27, and the sales number rose to 70 devices for the period from Jan 26 to Feb 7. This brought the complete number cost Feb 7 to 390 devices (37%).
The Cross Island Line will certainly enhance the already high degree of connection locals at Fondness will appreciate, as the location is already served by Serangoon MRT Interchange Terminal on the North-East and Circle Lines, as well as links to Seletar Expressway, Central Expressway, and also the Kallang-Paya Lebar Expressway.
Anchored by the ever-popular Chomp Food Centre on Kensington Park Road in the heart of Serangoon Gardens, the area is well-served by features including myVillage as well as Serangoon Garden Market & Food Centre. Shophouses in Serangoon Gardens complement the F&B and also retail offerings. The location is additionally near to NEX Shopping center which is above the Serangoon terminal.
“A lot of the purchasers who have bought into Affinity actually love this area. It lies in an area with an abundant heritage as well as has a relatively easygoing atmosphere, yet it is close to so many facilities,” claims Oxley.
Rosyth Primary School is also located within 1km of Fondness, as well as various other colleges near to the growth consist of Paya Lebar Methodist Girls’ Secondary School, and Nanyang Junior College.
Affinity’s main area also makes it close to prominent organization parks and upcoming business and also industrial districts. Close-by industrial estates consist of Serangoon North Industrial Estate as well as Ang Mo Kio Industrial Park, while Seletar Aerospace Park is a 15-minute drive away.
“With Fondness at Serangoon’s distance to service centers, industrial parks, and also transport connectivity, buyers also see the possibility for capital appreciation as well as the possibility for the rental revenue,” says Oxley.