Aeon Property
New Condo is a residential project located along St Patrick’s Road, Eastern Region of Singapore. This freehold development has a total plot size of 137,561 square feet. Its site is just in the junction of St Patrick’s Residences, Grand Duchess at St Patrick’s and the main Marine Parade Road. New Condo will host an approximate of 186 residential units upon its completion.
New Condo is 1.5 km away from its nearest train station, Kembangan East West Line Station. It will take about 9 minutes to get to Shenton Way for New Condo’s residents whom drive. To drive to the Orchard Shopping District, it will only take approximately 10 minutes. New Condo is just next to Marine Parade Road which connects to the East Coast Road and the ECP.
New Condo is close to 7 shopping malls located within 2 km i.e. Siglap Centre, I12 Katong, Katong Village, Parkway Parade, Roxy Square, Katong Plaza and Katong Shopping Centre where its future residents can find alot of retail and dining options. If they wish to enjoy local food, New Condo is close to major Food Centres like Marine Terrace Block 50A, 84 Marine Parade Central Market & Food Centre, Dunman Food Centre and Eunos Crescent Block 4A Market And Food Centre.
New Condo will definitely appeal to a lot of parents as there are reputable schools nearby. The Ngee Ann Primary School, Chij (Katong) Primary, Tao Nan School, St. Stephen’s School, Haig Girls’ School, Opera Estate Primary School, Tanjong Katong Primary School, St. Patrick’s School, Chij Katong Convent, Victoria School and Victoria Junior College are all within 2 km away from New Condo.
For relaxation and leisure, New Condo’s residents can take a short walk to the nearby East Coast Park where they could jog, stroll, cycle and roller blading while enjoying the freshness of the sea breeze.
Former St Patrick's
Developer: UOL
Address: St Patrick's Road
Tenure: Freehold
Site Area: 137,561 sqft
Total No of Units: 186
Pending Approval for Sale
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The second biggest enbloc sale in 2011, freehold condo ST PATRICK’S Gardens estate along Upp East Coast Road, was sold at $172 million to UOL Group.
This site is strategically located in the Eastern part of Singapore, where it is the expatriates’ choice location when looking for housing, and therefore generally command higher rental rates.
In its website, the developer UOL Group, announced plans to redevelop this 12,780 sqm freehold site, into residential apartment blocks, housing approximately 186 residential units.
UOL Group is also the developer of Katong Regency, a freehold mix development in Tg Katong, which was sold out within a week!
With the proximity to the proposed Eastern Region Line, its strategic location, and its distance to the SAP school Tao Nan, we expect this condo to be well received by many, either for own stay or for rental yield.
Freehold Condo at former St. Patrick’s Garden – Vicinity
Sitting in a private residential housing enclave, home buyers of this freehold site at the former St.Patrick’s Garden can count new residential developments, Grand Duchess at St.Patrick’s, St. Patrick’s Residences, etc, as some of its neighbours.
The SAP school, Tao Nan, is within a 1km distance, and other good schools within walking distance includes CHIJ Katong Convent, Ngee Ann Primary, St. Patrick’s School, Victoria Junior College, etc.
Food is also not a problem here, as the Marine Parade Market & Hawker Centre is just across the road.
Let’s not forget the therapeutic pastime for many – Shopping! Few bus stops away is the popular Parkway Parade, and there’s also Katong 112.
Freehold Condo at former St. Patrick’s Garden – Current Market Analysis
The ST article in Dec 2011 says this site works out to $812 per sq ft (psf) per plot ratio (ppr), inclusive of a 10 per cent balcony allocation, and this means an estimated breakeven price at approximately $1265 per sq ft (psf). Assuming a 20% profit, the launch price would translate to an average of $1500 psf.
Transacted pricing at St. Patrick’s Residences, a 102 unit condo situated next to this site that has recently been completed, ranges from $1376 – $1442 psf for the 1517 sq ft unit in 2013.
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