Location, amenities and pricing attract buyers
Views from the 44th level of Queens Peak
Queens Peak is more than 60% sold since its launch last November. The 736-unit high-rise condominium project is developed by Hao Yuan, with MCC Land spearheading the marketing and project management. The main attraction of the twin-tower development is the convenience afforded by being the only condominium in the area to have a direct link to the Queenstown MRT station.
The 44-storey twin towers are divided into the Botanic Collection, which spans the 8th to 26th levels, and the Skye Collection on the 28th to 44th levels. The units in the Botanic Collection are predominantly one- and two-bedroom types with sizes from 431 to 807 sq ft. There are also a mix of three-bedroom units sized at 947 sq ft, which come with private lift access.
Befitting its name Botanic Collection, the eighth and ninth floor units have views of treetops. Units from the 10th floor will enjoy 180-degree views of the surrounding area - from Margaret Drive to Strathmore Avenue and Dawson Road all the way to Alexandra Road.
Units in the Skye Collection command unblocked 180-degree views of the city and the sea beyond. These are a mix of three- to five-bedroom units with sizes from 807 to 2,002 sq ft, some of which come with private lift access. There are just four penthouses in the entire development, and these command panoramic views. They are designed as five-bedroom simplexes with sizes upward of 4,600 sq ft.
Units above the 26th floor command unblocked 180-degree views of the city and the sea beyond
On the first day of its launch, 242 units were snapped up. Today, all the one- and two-bedroom units have been sold. The remaining units are three-bedroom apartments, with prices starting from $1.2 million. Meanwhile, four-bedroom units from the 28th floor are from $2.29 million, and five-bedroom units upward of $3 million. Average prices therefore range from about $1,500 to $1,730 psf.
In light of the aggressive bid prices at government land tenders since late last year, the units at Queens Peak present value buys. Hao Yuan’s winning bid for the site at Queens Peak in June 2015 was $871 psf ppr. In the neighbourhood, a 99-year leasehold site on Stirling Road was purchased by a joint venture for slightly over $1 billion in May, which translates to $1,057 psf per plot ratio (psf ppr). At Margaret Drive, another developer paid $998 psf ppr last December.
Queens Peak is scheduled for completion by end 2020. Designed by AGA Architects, units are orientated in a north-south direction to maximize cross-ventilation. Landscaping of the project is by Surbana Jurong. In addition to the lifestyle deck on the seventh floor, the developer also has a lifestyle deck on the 27th floor of the towers, which is a sky terrace equipped with a fitness corner, a gym, yoga deck among others. The project boasts of 77 different facilities in total.
Given its location, Queens Peak appeals to a mix of investors and owner occupiers. With the direct MRT link from the second floor carpark of Queens Peak, this means that Raffles Place is just five MRT stops away, while Tiong Bahru, with its cluster of cafes and traditional restaurants is just two train stops away. Also two stops away is Buona Vista MRT station and one-north, which has a cluster of knowledge workers from research & development to biosciences and infocomm technology.
For sales enquiries, please contact:
MCC Land (Singapore)
Tel: 6252 7728 / 6252 7768
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