Kent Ridge Hill Residences previews at average of $1,700 psf

By
/ EdgeProp Singapore
|
October 18, 2018 9:35 PM SGT
Kent Ridge Hill Residences is a 548-unit, 99-year leasehold development on South Buona Vista Road (Credit: Albert Chua/ The Edge Singapore)
Oxley Holdings is maintaining the pace of its property launches with its eighth new development this year — Kent Ridge Hill Residences, located on South Buona Vista Road, off Pasir Panjang Road. On the weekend of Oct 20 and 21, the showflat of the 548-unit, 99-year leasehold luxury condominium will be opened for public preview.
The project will be jointly marketed by ERA Realty, OrangeTee & Tie, PropNex and Huttons Asia. Occupying a land area of about 3ha, Kent Ridge Hill Residences in District 5 is a redevelopment of the former Vista Park condo, which Oxley bought for $418 million last December in an enbloc purchase. The price translates into $1,096 psf per plot ratio, inclusive of the $72 million lease top-up premium for a fresh 99-year lease.
Ching Chiat Kwong, Oxley Holdings’ executive chairman and CEO, says: “Vista Park is really different [from the empty parcels of Government Land Sales sites], and it’s the site that we love best. This project is one last masterpiece that Oxley’s putting on the market this year.”

Wide selection of units

Apart from 11 five-storey blocks containing 498 units, Kent Ridge Hill Residences also boasts 50 strata terraced houses. As part of the Phase 1 launch, a mix of 200 units will be released for sale, at an average price of $1,700 psf.
Units are priced from $778,000 for a one-bedroom apartment (Credit: Samuel Isaac Chua/ The Edge Singapore)
The unit mix at the development ranges from 474 sq ft, one-bedroom apartments to 1,787 sq ft, five-bedroom-plus-study penthouses. The strata terraced houses comprise four- and five-bedroom units of 1,830 sq ft and 2,067 sq ft respectively. For the apartments, units on the first and top floors will have a high ceiling height of about 4.7m. The rest of the units will have a ceiling height of 2.7m.
Prices start from $778,000 ($1,641 psf) for a 474 sq ft, one-bedroom...