A consortium by Logan Property (Hong Kong) and Nanshan Group (China) came in top bid for a land sales at Stirling Road in 2nd quarter 2017. This site is enclave Queenstown estate, Singapore District 3. The Land is zone under residential and can go high rise. Stirling Residences likely to have more than 1,000 units with a land size of 227,222 sf.
There are many reasons that contributed to the high land sales. The strategic location along stirling road is very ideal and near to Queenstown MRT Station. It has a city fringe location and is near to numerous amenities just within the region.
On the other hand, local developers are faced with incoming cash rich foreign developers and also most developers land bank has been depleted and are hunger to increase their land bank, could possibly be the reason for the $1b land bidding. The break-even price is expected about $16xxpsf.
Stirling Residences Location
Stirling Residences is located at the heart of Queenstown estate in Stirling Road, Singapore District 3. Most of the things that you required are within nearby walking distance. Whether going Star Vista Mall, Rochester Mall, Alexandra Central, Ikea, Tiong Bahru Plaza, Holland Village etc, everything is just couple of minutes away.
Near Queenstown MRT Station is just about 5 minutes away that can link you to all part of Singapore. A trip to Raffles place of Jurong East should take you about 10 minutes via train.
For those who drive, driving to Orchard Shopping Belt, Raffles Place, Central Business District (CBD) or even Vivo City should take you close to 10 minutes away. Drivers can travel along Ayer Raja Expressway (AYE) or nearby Central Expressway (CTE).
About Logan Property
Established in 1996, Logan Residential Property Holdings Firm Limited is an incorporated home developer concentrating on property development in the PRC, generally the Guangdong-Hong Kong-Macao Greater Bay Location, with its items largely target new buyers and also upgraders.
Following business principle of “Structure a Better Life”, Logan Building has actually until now created over 90 domestic tasks and also given top quality life solutions to over 500,000 individuals. In 2017, the company was rated 29th in the China Top 100 Property Developers as well as Fourth in the Leading 10 The Majority Of Lucrative Firms, as well as leapt to 295th in fortune China’s Leading 500 Enterprises, with its brand name and also total strength being very recognise by the market.
About Nanshan Group
Established at the start of reform and also opening, Nanshan Team has actually turned into a large personal joint-stock business stably noted in the Leading 500 Chinese Enterprises today after over thirty years of tough battle, creating a multi-industry synchronised growth pattern led by light weight aluminum sector, garments and also fabrics, money, aeronautics, property, health and wellness etc
Nanshan Team rated the 165th in Leading 500 Chinese Enterprises and also the 68th in Leading 500 Enterprises in Chinese Production Sector in 2017 because of its strength.
Nanshan Property has actually turned into a realty business with total advancement stamina in state-of-the-art house, premium resort, tourist as well as sightseeing and tour, unwinding on vacations, commercial solution, senior and also healthcare.
Queenstown is connected by Ghim Moh Real Estate, Ulu Pandan Canal as well as the previous Tanglin Camp location to the north, Alexandra Road, Clementi Road to the sea as well as the west to the south. It covers a location of roughly 2,188 ha. It is composed of 16 subzones, particularly Singapore Polytechnic, Kent Ridge, Holland Drive, Republic, Dover, National College, Tanglin Stop,Margaret Drive, Mei Chin, Ghim Moh, Queensway, Pasir Panjang and Pasir Panjang II.
Queenstown is a preparation location and also satellite property community positioned on the south-westernmost edge of the Central Area of Singapore. It surrounds Tanglin to the northeast, Bukit Timah to the north, Bukit Merah to the eastern and also southeast. Its south and also southerly western most restrictions are bounded by Selat Pandan.
Potential of the site at Stirling Residences
With an address at Stirling road, Stirling Residences is near to Queenstown that facilitate residents or tenants travelling around in Singapore. The Queenstown MRT is only about 5 minutes walk away. Development that is near MRT is often highly sought after by tenants as tenants often don’t drive and want near MRT which will bring up the rental yield at this development.
In a mature estate, it also hard to get new condo. For those who want something new rather resale. Nearby competitors include Queens Peak and Commonwealth Towers which should TOP by 2020 and 2018 respectively.
Nearby shopping malls like Anchorpoint, Ikea at Alexandra and Alexandra Central that allows residents to shop and find their favourite food at these mall or even shopping for groceries.
Overall, with its strategic city fringe location, we find that there potential both for developers as well as home owners to benefit from this development.