Tuan Sing Holdings previews Kandis Residence in Sembawang

By
/ EdgeProp
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August 31, 2017 12:30 PM SGT
Set amid the established landed housing estate of Sembawang — which boasts Sembawang Straits Estate and Straits Gardens built by Bukit Sembawang Estates — is an upcoming private condominium project: the 130-unit Kandis Residence by listed property developer Tuan Sing Holdings.
Located on Jalan Kandis, just off Sembawang Road, Kandis Residence is a short walk from Kandis Garden, the Canberra Sembawang Park Connector, and the 15ha Sembawang Park, which stretches all the way to the northern coastline overlooking the Straits of Johor.
Kandis Residence previewed over the weekend of Aug 26 and 27 and attracted quite a crowd. As the first private condo project to be launched in this landed housing estate, it is likely to appeal to those who have grown up in the neighbourhood, and whose parents still live there. The private condo may also draw HDB upgraders in the Sembawang and Yishun area.
Tuan Sing previewed Kandis Residence over the weekend of Aug 26 and 27
Serene location
The project will appeal to those who want a tranquil location away from the hustle and bustle of city life, says Nicholas Mak, executive director of ZACD Group. The indicative price for Kandis Residences is said to be an average of $1,250 psf.
“As Kandis Residence is a small development, Tuan Sing has a good chance of selling the units within the ABSD deadline,” reckons Mak. Tuan Sing won the 99-year leasehold, 75,832 sq ft site on Kandis Road in a government land tender in April last year with a bid of $51.1 million. This translated into $481 psf per plot ratio, which, according to Mak, was the lowest psf ppr price paid for a private non-landed residential development site purchased under the Government Land Sales programme from 2016 till today.
Source: Tuan Sing Holdings
Artist’s impression of Kandis Residence in Sembawang
Quality product
Being the first condo...