New Launch Condos in East Coast
In previous blog on East Coast properties we discussed why properties in East Coast (District 15) are so popular. In fact, according to PropertyGuru, in this article, district 15 is the most popular district in Singapore.
In terms of resale and rental transactions, it’s the most active in Singapore. Also, it’s voted by surveys to be the most desired district to live.
Just a quick summary, some of the key reasons why East Coast properties are popular are due to the East Coast lifestyle, near to East Coast Park, sea view facing properties, exciting lifestyle with lots of nice foods, cafes, restaurants, and amenities in Katong/Joo Chiat/Marine Parade areas, as well as strategic location where it’s near to city and also airport, as well as unique Peranakan/Nyonya conservation building and culture.
Since the announcement of the Thomson-East Coast Line, where there are several stations along East Coast area, it further enhance the appeal and value of East Coast properties significantly.
As Thomson-East Coast line is one of the most connected and extensive lines in the MRT network, and covers many places in East Coast, a lot of the properties in East Coast area are expected to be benefitted when the MRT line is competed, in phases between 2019 to 2025.
To take advantage of the Thomson-East Coast line, in 2017-2018 period alone, 7 highly reputable developers in Singapore entered the district 15 areas to acquire land/enbloc for new residential developments. They did that either through Government Land Sale (where the tenure is 99 years leasehold) or enbloc, which is to collectively buy the entire old condo or apartment, demolish it, and rebuild a new one.
Below are the 7 sites that developers bought, and all 7 will be launched in year 2019 as new launch properties.
A quick look will tell those who are familiar with the Singapore property market that these are some of the biggest and most reputable developers in Singapore, companies like CDL, UOL, Bukit Sembawang, and Guocoland.
The fact that all these big boys went into East Coast (Mainly Amber Road and Meyer Road for the above 7 sites) at about the same time and pretty much acquired the site through enbloc at about the same price mean that these locations, Amber Road and Meyer Road, are highly appealing and proven to be sought after and popular among home buyers and investors.
It also means that the future potential in these locations are great, or else all these big developers won’t come in all at the same time.
Although all 7 developments above are marketed by us and all launching in 2019, in this blog I would like to quickly mentioned a few exciting projects among the 7.
Meyer Mansion
New launch luxury condo by top developer GuocoLand, Meyer Mansion is in the highly sought after location, Meyer Road. Comprising of 200 units of 1 to 4 bedroom, Meyer Mansion offers buyer with wild ranges of choices.
Many of the units at Meyer Mansion will enjoy beautiful sea view, due to its coveted seafront location.
Amber Park
The biggest site among the 7, Amber Park by top developer CDL is an enbloc of the former Amber Park. CDL retains the name Amber Park, and it occupies a huge land site area of more than 200,000 sqft, which is super rare in this prime and highly sought after location.
The location is superb, it’s a mere 3 mins walk to the upcoming Tanjong Katong MRT station, as well as 6-10 mins walk to East Coast Park, Katong, and Marine Parade.
To take advantage of the massive land size, CDL appointed SCDA, multiple award-winning architect firm, to design the new Amber Park. The result is a master piece, with lots of facilities and beautiful landscaping in the condo, as well as the almost 40,000 sqft of Stratosphere/Roof top more than 200 feet above sea level.
Comprising of 592 units, from 1 to 5 bedroom, Amber Park has something for every home buyers and investors. Inside the unit, it’s proper luxurious and high-end quality and finishes, including Grade A natural marble imported from Turkey, high-end Swiss brand appliance V-Zug, Europe imported sanitary ware and etc.
Each unit are also equipped with the latest and comprehensive smart home system, which allow resident to control a lot of things with voice control, remotely control air cond, door, lightings, etc through a phone app, and more.
In addition to all that, CDL also brings in their famous CDL Residential Host, their concierge service, to serve the residents of Amber Park. Some of the services they offer include laundry, receiving of parcel, arranging for party, serving resident with towels for swimming, and more.
All these make Amber Park one of the most exciting and attractive new launch condos in East Coast, and it explains why it’s so well-received by home buyers. Within 2 weeks of launch, more than 130+ units have been snapped up.
Coastline Residences:
Another exciting new launch condo in Amber (East Coast) area is Coastline Residences. It’s an enbloc of former Parkway Mansion by developer Sustained Land.
Coastline Residences enjoys an unique location where most of the units have unblocked sea view, which give it a competitive advantage over other new launches in East Coast where they don’t offer unblocked sea view.
There are many properties in Amber Road, Meyer, and East Coast areas enjoying pocket sea view, but not many can claim to have total unblocked sea view, and Coastline Residences is therefore one of the rare one.
Other than unblocked sea view, Coastline Residences also boosts efficient and functional layout and high-end finishes and fittings, as well as some nice condo facilities like 50m lap pool, sky pool at rooftop, and many levels of gardens for residents to enjoy.
And of course, Coastline Residences is also freehold and very near to the upcoming Tanjong Katong MRT.
Meyer House:
The last new launch condo that we will discuss in this blog post is Meyer House by UOL. Located at Meyer Road (former Nanak Mansion), the positioning of Meyer House is towards the ultra luxurious.
Sitting on a big land side of more than 100,000 sqft, UOL only build 56 units of ultra big size 3 and 4 bedroom. The sizes of the units here immediately put Meyer House in different category than the rest of the new launches here, as the 3 bedroom is 1,862 sqft and 4 bedroom is from 2,820 sqft of size.
Dubbed “Nassim of the East”, Meyer House is being compared to another ultra luxury condo Nassim Park Residences at Nassim Road, also by UOL. It’s low rise with high level of exclusivity, and units sizes are big to cater to the needs of the ultra high net-worth individuals, offering possibly the most high-end living experience in the entire East Coast.
Summary:
This year 2019 is an exciting year for properties in East Coast. Home buyers and property investors who are keen to buy a property in East Coast area this year will be spoilt for choices.
Of the 7 new launch properties in Amber Road and Meyer Road, which one is the right one for you? Which one is ideal for own stay and which one is good for investment?
If you are looking at buying an East Coast property this year, feel free to contact us for a no obligation consultation, we will be glad to show you these projects at the showflat and advise professionally.
Regards,
Jack Ooi
Professional Real Estate Consultant (Singapore)
Contact Us HERE
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