SERANGOON NORTH AVE 1 NEW CONDO LAUNCH BY KEPPEL LAND & WING TAI HOLDINGS
A land parcel on Serangoon North Avenue 1 has recently been tendered by the prestigious property developers, Keppel Land and Wingtai Holdings. The site will house the upcoming development, The Garden Residences Serangoon, planned to become a residential condominium ideal for individuals looking to settle in a flourishing area of Singapore.
The top bid for the highly sought-after Garden Residences site reached an impressive $446.28 million from the developers, with the second-highest bid of $418.7 million having been placed by Frasers Centrepoint’s FCL Residences. Experts have noted the aggressive bids by property developers as of late as a reflection of the rising optimism of Singapore’s real estate market.
The current specifications of the highly-anticipated Garden Residences Condo are as follows:
Location: Serangoon North Avenue 1
Type of development: Residential
Site area: 17,189.1 m2
Permissible Gross Floor Area (GFA): 42, 973m2
Maximum Building Height: Part 2-storey and part 64 – 80 m AMSL
Leasehold: 99 years
Project Completion Period: 60 months