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Start from$1,426,000$2,743/Per Sqft

Description

8 St Thomas

Little background About 8 St Thomas

8 Saint Thomas  was sitting on two plots formerly named as Airview Towers + Chez Bright Apartment, which Bukit Sembawang Estates have successful acquired.  8 Saint Thomas is a freehold development with its superb ideal location and infrastructure, it will be a high end development that most home owners and investors would not miss it.

  • The developer Bukit Sembawang have a long and rich history. Back in 1911, they started operating as a rubber company becoming one of the leading rubber companies before diversifying into property development by the 1950s. In 1968 the company was incorporated as a public-listed company that’s main business was property development and property investment.
  • They have been property developing for over half a century and can boast some of Singapore’s most well-known residential properties as part of their property portfolio. Their properties include developments in Seletar Hills that total 2,500 homes, developments in Sembawang Hills that have 1,000 homes plus another 500 locations across Singapore.
  • The company is one of the jewels of the property development community with numerous awards for their developments. They are exactly the kind of company homeowners would want to invest in. They are established, professional and respected and delivered the highest quality residential condominiums time and time again.

DATA ON THE TENDER

  • Bukit Sembawang View Pte Ltd, a subsidiary of Bukit Sembawang Estates was successful and won the tender for the freehold on St Thomas Walk 2 and .10
  • The developer won with a bid of $202.17 million.
  • The site has a land area of 5,877.4 square metres, which translate into a gross floor area (GFA) of about 18,102 sq m .
  • Making a quick analysis on the data of the winning tender, it can be roughly calculated that the land has a cost of $1,141 per square foot (using a 2.8 plot ratio.)

This development represents an exciting opportunity. With the sale of Airview Towers brokered by DTZ Debenham Tie Leung. Bukit Sembawang Estates Limited plans to build a 36-storey condominium which combines this site with it’s neighbour Chez Bright which they had acquired last year. This makes the site significantly large, being able to boast 9,073.4 sq m with GFA of 27,050 sq m. When combining the 2 purchases of land, the estimated price of $880 psf ppr.

Bukit Sembawang Estates Limited have designed a high-end development that constitutes 219 unit over two blocks, One block rising to 35 storeys and the second 36 storeys. They will offer a choice of high-quality units ranging from one bedroom to four bedroom units and a collection of penthouse condominiums.

The development is well located, being close to Somerset Mass Rapid Transit (MRT) station. It’s also extremely close to Orchard Road, the most popular retail and entertainment area of Singapore. A stone’s throw away is the popular Mohamed Sultan Road offering a variety of eateries and entertainment. Additionally, it is well connected to other areas of Singapore such as the Central Business District.

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Detail

  • Price: Start from $1,426,000
  • Property Type: Condo, Luxury
  • Property Status: DISCOUNT, Limited Units, Newly Launch, TOP / Ready To Move In

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