Perfect Ten is the newest luxury project to launch in prime District 10 this year. Prices will start from $2.5 million for a two-bedroom unit. (Picture: Samuel Isaac Chua/The Edge Singapore)
SINGAPORE (EDGEPROP) - CK Asset Holdings, the flagship real estate company controlled by Hong Kong billionaire Li Ka-Shing, previewed its latest residential development, Perfect Ten, on Dec 8.
Read also: Prices at new boutique condo Zyanya start from $1,590 psf, sales start on Dec 18
Perfect Ten is a freehold development on Bukit Timah Road in prime District 10. The sales launch of this project will take place on Sunday, Dec 19.
CK Asset Holdings is a familiar player in the local private residential market. The developer is behind notable projects such as Stars of Kovan, The Vision, Thomson Grand, Cairnhill Crest, Costa del Sol, and commercial landmarks such as Marina Bay Financial Centre and One Raffles Quay, Quay, which are joint ventures with Hongkong Land and Keppel Land.
The new luxury development comprises twin 24-storey residential towers with a total of 230 units.
The height of the development means 80% of the units will have an unobstructed view of Bukit Timah Nature Reserve and the surrounding private landed housing estates.
Units reflect spacious living, and are a mix of two-bedroom apartments with sizes from 753 sq ft to 797 sq ft and three-bedroom units ranging from 1,227 sq ft to 1,281 sq ft.
In the initial phase of sales, only units in one of the two towers will be released. The rest will be released gradually in the later phases, says the developer.
The first phase will see two-bedroom units on the lower floors priced from $2.5 million, and those on the higher floors from $2.9 million. Meanwhile, three-bedroom units will start from $3.9 million for the lower floors, and upwards of $4.4 million for the higher floors.
Elements of luxury throughout the development are expressed through the use of space, such as the 100m setback from the main road where an 80m landscaped drive-way leads to the drop-off point.
The developer is offering buyers the flexibility of amalgamating two adjacent units to create a more luxurious home. This is because Perfect Ten is located within a school catchment area, and 1 km of top schools such as Anglo-Chinese School (Primary) and Singapore Chinese Girls’ School.
Hence, the developer expects the larger unit sizes to appeal to multi-generational families with children of school-going age.
The developer has also invested in high-quality, branded appliances and fittings. For example, the kitchen of each three-bedroom unit comes with Miele appliances such as a coffee machine, wine chiller, oven, and gas and convection hobs, as well as a Gaggenau fridge. Meanwhile, the kitchen of a two-bedder will be fitted with Miele appliances.
Typical apartments have a ceiling height of 3.2m while penthouses have a ceiling height of 4.5m.
“Given the pent-up demand for new freehold high-rise developments along this stretch of Bukit Timah, we are confident that Perfect Ten will appeal to homebuyers not just for its prime location, but its state-of-the-art design and finishing,” says Francis Wong, director of Property Enterprises Development (Singapore), a member of CK Asset Holdings.
Nicholas Mak, head of research & consultancy at ERA Realty, expects strong buying interest at the launch.
Don't miss out to check out the hottest new launch condo and new landed property in Singapore
“Buyers will be attracted to Perfect Ten’s address in a traditionally prime residential area. I also believe that the developer’s track record will encourage some buyers to seriously consider this project,” adds Mak, “While the prices may be at a slight premium relative to surrounding projects, they are in line with the quality of the product the developer is offering.”
Christine Sun, senior vice president of research and analytics at OrangeTee & Tie observes that there’s limited new supply of freehold luxury properties in the prime neighbourhood. She therefore expects “relatively healthy” sales.
This year, sales in the luxury segment, like the rest of the residential market, have performed well, says Sun.
“Barring government intervention to cool the property market, I think that the sales momentum we’ve seen this year could car- ry into 2022,” says ERA’s Mak. “However, we will have to keep an eye out for government policies such as a possible wealth tax. Other unknowns to look out for include the impact of the Omicron variant and concerns over rising interest rates.
Check out the latest listings near Perfect Ten, Anglo-Chinese School (Primary), Singapore Chinese Girls’ School