From Large-Scale to Boutique Projects
About Boutique Living on Rangoon Road – The Ranz | Koh Teck Chuan, formerly the CEO of MCL Land, is well-known for leading major developments like J’Gateway, Lakeville, and Sol Acres. After retiring from Frasers Hospitality in 2021, he embarked on a new journey by founding Kefi Development. Koh, inspired by the Greek word “Kefi,” which means joy and passion, shifted his focus to boutique projects.
This vision materialized with The Ranz, a freehold mixed-use development on Rangoon Road, marking Koh’s debut in this niche market.
Strategic Location and Unique Appeal (Boutique Living on Rangoon Road)
In mid-2022, Kefi Development purchased two adjoining shophouses at 109 and 111 Rangoon Road for S$14 million. A sleek five-storey property now stands on the site that once housed the Eng Hin & Co Building.
Situated just three minutes from Farrer Park MRT Station and close to City Square Mall, the location offers unparalleled convenience. Medical facilities, including Connexion and Centrium Square, add to its urban allure, making it ideal for both residents and businesses.
Mixed-Use Development with Modern Features
The Ranz, set for completion in mid-2025, features a balanced mix of retail and residential units. The ground floor houses three strata-titled retail spaces, ranging from 893 sqft to 1,206 sqft, ideal for F&B establishments.
The residential component comprises 14 apartments across the upper levels. Floors two to four feature two-plus-study units between 689 sqft and 775 sqft. The top floor is reserved for two luxurious four-bedroom duplexes, each exceeding 2,350 sqft and boasting double-height ceilings in the living spaces.
Read Also: K Suites Sets New Record at S$2,443psf
Thoughtful Design and Quality Craftsmanship (Boutique Living on Rangoon Road)
Designed by ADDP Architects, The Ranz showcases a timeless facade with rich brown timber frames and coal-grey accents, blending seamlessly with its surroundings. The interiors prioritize comfort and durability, featuring large-format floor tiles, Bosch kitchen appliances, and MDI countertops for scratch resistance.
Bathrooms are fitted with seamless large porcelain slabs, reducing grout lines for easier maintenance. Each unit includes a balcony equipped with Ziptrak blinds, creating flexible outdoor spaces shielded from the elements.
Practical and Elegant Features
More on Boutique Living on Rangoon Road – The Ranz | While the development lacks amenities like pools or gyms, it compensates with premium materials and features. Mitsubishi air-conditioning systems, Grohe fixtures, and Geberit sanitaryware highlight its focus on quality. Koh notes that the design emphasizes low maintenance costs while ensuring a modern, elegant living experience.
Launching with Confidence (Boutique Living on Rangoon Road)
Koh adopted a strategic approach, launching previews and sales bookings only as The Ranz neared completion to assure buyers of its progress. SRI Capital Market manages the exclusive marketing of the retail and residential units.
The retail spaces, approved for F&B use, are on sale through an expression of interest, closing December 10. Prices start at S$3,380 psf. Residential units, benefiting from early-bird discounts, are priced between S$2,099 psf and S$2,195 psf.
A Revitalized Neighborhood
Rangoon Road has seen limited new boutique developments over the past decade, but the area is undergoing a renaissance. Cafes like Daizu Café and Old Hen Café, alongside established eateries, have injected new life into the neighborhood.
Additionally, government plans to rejuvenate nearby Farrer Park with new Build-To-Order flats and sports facilities further enhance the area’s appeal.
Piccadilly Grand, a prominent development in the Farrer Park neighborhood, is a joint venture by City Developments (CDL) and MCL Land, a subsidiary of Hongkong Land. During its launch in May 2022, 77% of the 407 residential units were sold in the first weekend at an average price of S$2,150psf. By December 2023, all units in this 99-year leasehold residential project had been sold.
In October, CDL and MCL Land introduced Piccadilly Galleria, the retail podium of the project, for sale through an expression of interest. The indicative price was S$75 million, or S$3,724psf, based on its net lettable area of 20,140 sqft. Scheduled for completion in the second half of 2025, Piccadilly Galleria will feature 15 retail units. These include 11 restaurants, four shops, and a childcare center spanning 5,382 sqft.
Koh’s Vision for the Future (Boutique Living on Rangoon Road)
Reflecting on his real estate journey, Koh emphasizes the importance of timing and preparation. He believes in launching projects at the right moment to capture demand.
The Ranz embodies Koh’s expertise and passion for boutique developments. With its strategic location, thoughtful design, and focus on quality, it sets a new standard for boutique living in the heart of Singapore.
More new launch developments at Aurea Condo (Perennial Holdings), Arina East Residences (ZACD Group), Aurelle of Tampines (Sim Lian), The Orie (City Developments), River Green (Wing Tai Group), Elta Condo (CSC Land) and Bloomsbury Residences (Qingjian Realty).
