EdgeProp's master class on the Newton & Novena areas highlighted Pullman Residences Newton, Kopar at Newton, and Enchante as noteworthy new launch projects. (Picture: Samuel Isaac Chua/The Edge Singapore)
SINGAPORE (EDGEPROP) - At the EdgeProp NDP Master Plan Master Class webinar on Aug 6, Doris Ong, deputy CEO of ERA Singapore, zoomed in on three recent launches in the Newton-Novena enclave.
The three developments are: Pullman Residences Newton, a 340-unit luxury branded residence by EL Development; Kopar at Newton, an upmarket 378-unit residential development by CEL Development; and the boutique 25-unit Enchante by Victory Land.
EL Development’s purchase of the Dunearn Gardens site for $468 million in April 2018 is the largest en bloc acquisition by the developer to date. The 95,442 sq ft, freehold site is just 150m from Newton MRT Interchange Station and is within the highly desirable Dunearn Road-Bukit Timah residential enclave in prime District 11. (See potential condos with en bloc calculator)
Just two months earlier in February 2018, EL Development had purchased SingTel’s Hill Street property for $118 million. EL Development decided to redevelop the property into a 342-room hotel, and appointed AccorHotels to manage the hotel under the Pullman Hotels & Resorts brand. It marks the first Pullman hotel in Singapore.
With Pullman Hotel on Hill Street, EL Development decided to leverage the brand and launched Pullman Residences Newton in November 2019.
Supported by the hospitality services of the upscale Pullman Hotels & Resorts, Pullman Residences Newton will feature concierge service, a doorman and an attendant at the club lounge. Additional services include housekeeping, vacation planning and breakfast service through the concierge.
This branded residence will be designed by established architecture firm ADDP Architects. The entire development will comprise a 30-storey apartment block that is expected to be completed next year. There will be a mix of one- to four-bedroom units, fitted with high-end finishes and materials such as marble flooring in the living and dining area, Gaggenau kitchen appliances and Grohe bathroom fittings.
Based on caveats lodged to date, about 159 units (47%) of the units have been sold at an average of $2,823 psf. Prices of the available units start from $1.45 million for a 463 sq ft, one-bedroom unit, or upwards of $2,774 psf.
Another high-end offering is Kopar at Newton, which is along Makeway Avenue in the Novena planning area in prime District 9. The actual site of the development is within a 1km radius of three primary schools: Anglo-Chinese Junior School, Anglo-Chinese School (Barker Road), and St Joseph's Institution Junior. Meanwhile, Singapore Chinese Girls’ School is within a 2km radius.
The development also enjoys proximity to Newton MRT Interchange, and highway accessibility via the Central Expressway.
Rather than maximise the plot ratio and floor area, which could have accommodated a 438-unit residential development, CEL Development scaled down the development to just 378 units but with larger average unit sizes.
One- to three-bedroom units range from 517 sq ft to 1,098 sq ft, while four- and five-bedders start from 1,518 sq ft to 1,819 sq ft. There are also thee- to five-bedroom penthouses of 1,593 sq ft to 3,305 sq ft.
To date, 81% of the units at Kopar have been taken up at an average price of $2,366 psf since its launch in early April 2020, the weekend before the two-month-long “circuit breaker”.
Prices of the remaining units start from $1.38 million for a 517 sq ft one-bedder. On a psf basis, prices will begin from $2,250.
The newest launch in the area is the boutique Enchante on Evelyn Road in prime District 11. This project also marks Victory Land’s first foray into property development. The freehold development will consist of a 16-storey block that is set to be completed in 2026.
The project will offer three- and four-bedroom units with a sole five-bedroom penthouse. Targeted at owner-occupiers, unit types include seven 3-bedroom dual-key apartments of 1,087 sq ft, and two 3-bedroom duplex apartments of 1,270 sq ft.
There are just two units per floor, which should appeal to family members who want to purchase multiple units together. There is also the option to amalgamate two units together if they wish.
Meanwhile, the condo amenities are evenly distributed across alternate floors, from the 2nd to 14th floors. These amenities include a gym, a 12.5m swimming pool, alfresco dining areas, a landscaped garden, and a rooftop deck and landscaped garden.
Units at Enchante will start from $2.7 million, with average selling price of about $2,700 psf.
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Read about EdgeProp's Master Plan master class covering the Newton & Novena areas here.
Check out the latest listings near Newton, Novena, Newton MRT Interchange Station, Anglo-Chinese School (Barker Road), St Joseph's Institution Junior, Singapore Chinese Girls’ School