22th Feb 2021 SINGAPORE (Singapore Property Advisors) –
Back in 2019, The sale of City Towers in Bukit Timah completed at its fourth attempt to be sold en bloc – after a pair of sibling owners initially attempted to block the deal.
Sale of the District 10 freehold site for $401.9 million to a unit linked to Hong Kong tycoon Li Ka Shing was completed according to real estate firm Colliers International announced in a press statement.
Depending on the size of the unit, each residential owner stands to receive $2.78 million to $11.5 million from the successful sale.
The sale price, which is more than 13 per cent above the owners’ reserve price, works out to a land rate of about $1,847 per sq ft per plot ratio (psf ppr), after factoring in a development charge of $3.5 million.
The 17-storey development comprises 77 units of apartments and maisonettes, a penthouse unit and a shop unit. It has a land area of 9,711.3 sq m, with a proposed total gross floor area of 20,393.7 sq m.
City Towers, which is near Newton and Stevens MRT stations, is located in an enclave of private residential apartments and landed housing estates in District 10.
Perfect Ten is a freehold, located along Bukit Timah Road, district 10. Perfect Ten Condo is developed by CK Asset Holdings Affiliate, owing to its prime location near renowned schools, a wide range of amenities and the Newton and Stevens MRT stations. Comprises of 1 to 4 Bedrooms, this condo is going to be a ideal improvement that intended for the privilege few who love the quality of existence using a well-desired address.
Why Should you Choose Perfect 10 Condo ?
A new freehold condominium.
1 stop away from Orchard Prime Shopping District and 4 stops away Raffles Place
Close to various famous shopping cnetres like Orchard Shopping Centre, Paragon, Cathay Cineleisure, Midpoint Orchard
Just 3 train stations away from Dhoby Ghaut MRT Interchange where its future residents can make use of the Circle Line Service and North East Line Service available there.
Easily connected to the Central Expressway (CTE) and the Pan Island Expressway (PIE).
Close to reputable schools such as Anglo-Chinese Primary School, Singapore Chinese Girls’ School, St. Joseph’s Institution, Anglo-Chinese Junior School and Raffles Girls’ Secondary School and Anglo-Chinese School (Barker Road)
Surrounded by prestigious clubs such as The Pines Club, Tanglin Club, Raffles Town Club, The American Club and Singapore Polo Club
Bukit Timah is a desirable prime location in Singapore that is suitable for residential living. The area also offers great investment opportunity due to its strategic location and a wealth of amenities that make it attractive. Bukit Timah is located to the north of Orchard and Tanglin, extending west to Upper Bukit Timah and Clementi Road, east to Newton MRT, and south of Holland Road.
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Perfect Ten Condo is coming to you soon in April and you can come down to see our 𝖲𝗁𝗈𝗐𝖿𝗅𝖺𝗍 via registered appointment.
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