One of the most selling points of Kent Ridge Hill Residences is its lush greenery landscape with the surrounding area enjoying clean air and fresh air making the location on of the most effective eco-friendly place within Singapore.Another great feature of the property is its large land size and rarity making the property a personal enclave tucked faraway from the bustle and hustle of the town . Its exclusivity and privacy are one of my favorite things about residential development. Future residents will get to enjoy the chance of having residents-only access to Kent Ridge Park within your very own residence. Security is guaranteed 24/7.Its excellent locale makes it a perfect place to call home; the property is near to MRT station, bus stops and major expressways making movement and accessibility to the property easier and convenient while providing direct access to other parts of the country. Other properties within the region are located faraway from public transportation systems while those on West Coast Highway experience sound pollution .The property is situated in a perfect location for investment, the master plan of the govt to upgrade existing infrastructure and its closeness to Greater Southern Waterfront Development increases the potential for capital appreciation.
Formerly known as Vista Park the positioning was bought by Oxley developers following acceptance of their bid worth SGD 418 million. Kent Ridge Hill site was launched in 31st October 2017 and is set to undergo massive transformation consistent with the group.The owners of the previous Vista Park were eyeing $350,000 translating to every owner would pocket $1.16 million- 3.5 million a premium price of over 60% that they might have gotten if they sold their property individually on the open market.Factoring within the lease top-up premium of an estimated $66 million, the land rate price is approximated to be about $932 per square feet per plot ratio that's pared right down to $906 psf ppr after taking into account the bonus balcony floor area. For investors and residential seekers, the land rate is attractive compared transaction price of nearby Normanton park which stood at $969 psf ppr.
The development project are going to be built on a site area of 319, 250 sq. ft that have 61 years left on its lease. the development site features a plot ratio of 1:4 that accommodates to up to 5 storeys with a gross floor area of an estimated 446,951 sq.
Ft.According toTeakhwa real estate, a brokerage firm five bids were turned down after the worth mark was set at $350 million. it had been finally sold to Oxley group after they exceeded the selling price by 19.4%.Kent Ridge Hill Residences accompany a 99-year-old tenure and can compromise with a unit mix of 50 strata townhouses and 548 condominium units. The project are completed on 31st December 2024.
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