SINGAPORE (EDGEPROP) - When the 99-year leasehold Artra was launched officially in April last year, 130 units were sold on the first day of launch – or 65% of the 200 units released. The mixed-used development is built by FEC Skyline, a joint venture between Hong Kong-listed Far East Consortium International and New World Development Co. Located on Alexandra View, right next to Redhill MRT Station on the East-West Line, the development comprises 400 residential units and 16 commercial lots.
As of Aug 1, only about 11.5% of units are left for sale at Artra, according to Dennis Chiu, director at FEC Skyline. The buyers are mostly locals, and were mostly attracted to the three-bedroom+study units. He attributes Artra’s popularity among buyers to its close proximity to Redhill Station: a covered walkway will link the development to the train station. The development will also boast 16 commercial lots, which will give residents added convenience with easy access to amenities, he adds. A supermarket will occupy 10,760 sq ft of space at the development. Artra is also just a four-minute walk to Redhill Market.
As an extension of Redhill Station, Artra will provide more amenities to residents of the neighbourhood. “Redhill is predominantly a housing estate pocketed with market shops and a games court next to children’s playgrounds,” Chiu describes. Nearby developments include The Metropolitan Condo, Ascentia Sky, Echelon, Alex Residences and Redhill Rise, an HDB development that is directly opposite Artra.
Neighbourhood residents would be able to enjoy the convenience of proximity to the childcare centre in Artra, located on the second level of the development. Occupying 5,380 sq ft, it will cater for 100 children. There will also be a 1,076 sq ft children’s playground that is linked to the childcare centre.
As Artra is right next to Redhill MRT Station, the residential blocks will be set back as far as possible from the MRT station to minimise noise from the trains. In addition, large and leafy trees will be planted next to the pool to ensure the privacy of residents.
For price trends, recent transactions, other project info, check out the Artra project details page
FEC Skyline has designed the layouts such that units appear more spacious than their actual sizes. For the three-bedroom units, the balcony area is stretched across at least two rooms – a combination of either the master bedroom, dining area, or living room. In the largest of the three-bedder offerings, the balcony is spread across all three spaces. Meanwhile, residents of the largest unit – the five-bedroom unit of 2,583 sq ft – will have expansive views from the balcony, as it stretches across two bedrooms and the living and dining space.
Artra’s layouts are atypical to those in other developments – instead of the regular rectangular layout of most developments, some of the units at Artra have a gradual slant to their shape. To ensure a clean layout, FEC has carved out triangular spaces as storage spaces, hiding the odd angles behind cabinets.
At the development, the residential units start from the third floor and range from two-bedroom units of 786 to 829 sq ft and three-bedders of 1,044 to 1,410 sq ft, to five-bedroom units of 2,583 sq ft. There are only six five-bedroom units at Artra.
To date, the average price fetched at Artra is $1,740 psf, according to caveats lodged with URA. The latest transaction at the development was for a 1,227 sq ft, three-bedroomplus-study unit on the 37th floor, which was sold on June 21 for $2.31 million ($1,883 psf). Before that, on June 17, a 1,410 sq ft, threebedroom-plus-study unit was sold for $2.53 million ($1,795 psf). Altogether, 22 units have been sold at Artra this year to date, according to URA caveats.
Check out the latest listings near Artra, MRT Stations and Schools
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