Royalgreen: The master stroke in The Bukit Timah Collection

SINGAPORE (EDGEPROP) - The last of Allgreen Properties’ trilogy of new projects in the Bukit Timah enclave this year will be launched in mid-October. Priced competitively from $2,600 psf, the freehold, prime condo has been widely anticipated.
On the weekend of Oct 5-6, Allgreen Properties will hold the preview for Royalgreen. The 285-unit upscale condo is the final project in The Bukit Timah Collection, which contains three projects. The other two are the 476-unit Fourth Avenue Residences and the 115-unit Juniper Hill on Ewe Boon Road. Meanwhile, Royalgreen is located along Anamalai Road and 250m from the Sixth Avenue MRT Station on the Downtown Line.
Royalgreen is also just 300m from Fourth Avenue Residences, the first project in Allgreen Properties’ The Bukit Timah Collection. Launched in January this year, Fourth Avenue Residences is the sole 99-year leasehold development within the collection. To date, 102 units (21.4%) have been sold at an average transacted price of $2,407 psf, according to caveats lodged with URA Realis to date. It is considered one of the top-selling projects in the Core Central Region (CCR) this year.

Holding out for freehold

Given the proximity of Royalgreen to Fourth Avenue Residences, Anson Lim, Allgreen’s senior general manager for residential marketing and sales, believes that the former will appeal to those who have been holding out for a freehold project in the neighbourhood.
Scale model of Allgreen's Royalgreen (Photos: Samuel Isaac Chua/EdgeProp Singapore)
In addition to the freehold tenure, Royalgreen is competitively priced from $2,600 psf. Allgreen will also offer a 2% early-bird discount to buyers at Royalgreen’s launch on Oct 12. The developer intends to release a first phase of 108 units for sale, with the project jointly marketed by ERA Realty Network, Huttons Asia, OrangeTee & Tie, as well as Savills Singapore.
According to Allgreen’s Lim, Royalgreen is priced at a reasonable premium to Fourth Avenue Residences. “There’s usually a 15% price premium for new, freehold developments compared to 99-year leasehold projects in the same location,” says Lim. “During certain periods in the property cycle, it may even be up to 20%.”

Larger units

Apart from tenure, Allgreen has also differentiated the two projects with...