PARKSUITES is the first new project launch in the tranquil neighbourhood of Holland Road and Mount Sinai area in nine years.
Now, there is an opportunity to buy into a rare, low-rise unique development set amid lush landscaping and parkland. Aptly named Parksuites, the project by established developer Far East Organization consists of 119 exclusive residences integrated with 18 retail and lifestyle spaces on the first level. The property sits on a generous land area of 101,203 sq ft.
A self-contained oasis, Parksuites’ retail and lifestyle spaces are an extension of the residents’ homes and ideal for casual get-togethers or family celebrations. The F&B and retail tenants will be handpicked by Far East Organization. This will ensure that the quality of the tenants is maintained and, thereby, enhances the value of the overall project.
This leasehold project is located in Holland Grove, a landed housing neighbourhood with a prime District 10 address.
UNIQUE DEVELOPMENT SET WITHIN A PARK
Designed by acclaimed architectural firm DP Architects, Parksuites is seamlessly integrated with the picturesque Henry Park, and a short distance to the Singapore Botanic Gardens and the Ulu Pandan Park Connector, which links to the Western Adventure Loop.
Parksuites is conceived for the evolving urban lifestyle and increasing demand for multi-functional spaces. Its wide mix of units range from one and two-bedroom apartments to two- and three-bedroom duplexes as well as four-bedroom triplexes. Sizes of the one-bedroom apartments start from 581 sq ft.
All the units will come fully fitted with high-end appliances, fittings and finishes as well as smart-home features that include an electronic parcel drop box located just outside each apartment. The delivery man can drop off parcels even when the owners are not home.
PRIME ADDRESS
Parksuites provides an attractive opportunity for those who want to live amid lush greenery in a choice landed neighbourhood. Prices start from $1.3 million for a one-bedroom apartment and $1.56 million for a two-bedroom apartment.
The development is also near key business and commercial hubs as well as top schools. It is just across the road from Henry Park Primary School. Methodist Girls’ School is a seven-minute drive away, while both Anglo-Chinese School (Independent) and Raffles Girls’ Primary School are a 10-minute drive away.
The Orchard Road shopping district and Mapletree Business City are just a 10-minute drive from Parksuites; and the CBD and Marina Bay are a mere 15 minute drive from Holland Grove. The F&B and lifestyle clusters of Dempsey Hill and Rochester Park are a 10-minute drive from Parksuites, and Gillman Barracks is a 15-minute drive away.
HOLLAND ROAD POTENTIAL
Parksuites residents can look forward to a more vibrant lifestyle. Holland Village, located just a five-minute drive away, has a distinctive character and unique fl avour. It is one of URA’s key identity nodes.
A significant development taking place in the vicinity of Parksuites is a commercial and residential site on Holland Road that URA had put up for sale under the two-envelope scheme. At the close of the tender, a total of 15 bids were received from many major developers. The bid prices are expected to set a new benchmark for the area. The future landmark development on the site is expected to enrich the existing Holland Village urban fabric and its community.
The wave of collective sales in the Holland Road neighbourhood over the past four months is also expected to provide a price uplift when the future projects on these sites are launched. Parksuites embodies the development concept of Far East SOHO, which is guided by three key dimensions of living — locale, connectivity and space.
Far East Organization is the only developer in the world to have received 10 FIABCI World Prix d’Excellence awards, the highest honour given to international real estate developers.
This article appeared in The EdgeProp Pullout Issue 826 (April 16, 2018) of The Edge Singapore.