- 10/07/2019: Sengkang Central Residences Launching Soon. Rare Mixed Development Developed by CapitaLand-CDL JV next to Buangkok MRT Station. Pending Approval of Sales / Seeking Indication of Interest
- 16/08/2018: A CapitaLand and City Developments Ltd (CDL) tie-up has clinched a commercial and residential site in Sengkang Central. 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.
Sengkang Central Residences is an upcoming Mixed Development in Sengkang / Buangkok by JV CDL and CapitaLand. It is located right next to Buangkok MRT Station. CapitaLand and CDL said their joint venture will transform the 3.7ha site – the largest commercial and residential site awarded since 2015 – 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. The integrated development is targeted for completion in the first half of 2022, they added.
With the Land Price at $923.59 per square foot per plot ratio (psf ppr), the estimated selling price could be in the range of $1,600 to $1,700 based on 10-15% profit margin for the developer.
SENGKANG CENTRAL RESIDENCES PROJECT INFORMATION
|Development||Sengkang Central Residences|
|Location||Sengkang Central / Compassvale Bow, Singapore|
|Developer||Siena Residential Development Pte Ltd and Siena Trustee Pte Ltd (Subsidiary CapitaLand and CDL)|
|Site Area||37,254.9 sqm / 401,008.4 sqft|
|Total No. of Units||Approximately 682 units|
|Total No. of Carparks||To Be Advised|
|Expected TOP Date||2nd Half 2022 (TBC)|
|Unit Mix||1- 5 Bedroom|
|Indicative Pricing||To Be Advised|
|Unit Type||Unit Size||No. of Units||Indicative Pricing|
SENGKANG CENTRAL RESIDENCES LOCATION
This integrated site 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. At only nine stops to Dhoby Ghaut MRT Station via North-East Line, the travelling time is less than 25 minutes. The site is also easily accessible via major expressways such as KPE, SLE and CTE and well connected to major hubs such as the future Punggol Digital District and Seletar Aerospace Park. The proposed development will offer first-time private home buyers and upgraders an attractive opportunity to own a home with excellent transportation connectivity and close proximity to a myriad of amenities.
As the only mixed commercial and residential site with seamless and sheltered connectivity to the Buangkok MRT Station and the future bus interchange, the development will contribute towards enhancing the walkability of the neighbourhood by providing a linear park that runs along the entire frontage of the development along Sengkang Central and Compassvale Ancilla Park; as well as a garden ramp connecting the residential component with the rest of the development.
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