The Seaside Residences is a highly prized development that is set to be launched later this year in the month of April. It is the first of a kind development that is located by the seaside along the East Coast Parkway. Residents will get to enjoy an enchanting and uninterrupted view of the sea side with an estimated 70 percent of the units facing the sea.
The condominium will house a total of 843 units and is a project proudly done by Frasers center point Singapore one of the leading development agencies in the countries. The company together with other stakeholders won the winning tender for the plot for an estimated price of $624.18 million back in January of 2016.
The land on which the Seaside Residences Condo has been constructed was first made available under the government land sale program back in 2001.
The condominium will comprise of 27-storey blocks that will range from one-bedroom units all the way to five-bedroom house units. Penthouses will also be available for those who will desire them. The total floor area ranges from between 424 – 2690 square feet.
“The Seaside Condo will have several luxurious facilities that will include sky terrace and long range swimming pools with a ceiling of spacious height between the 14th and the 16th floors”, the developer said.
“The project will definitely be for homeowners who have long wished to own a residential place along the seaside away from the hustle and bustle of the city”, explained Mr. Christopher Tang the CEO, Fraser center point agency.
Analysts in the development sector expect this condo to do exceptionally well considering its location.
“Demand for these types of properties is very high if the historical data and records are anything to go by. The Gem residences is a classic example of this, as it has had almost half of its units sold out even before the official launch”, explained Dr. Lee.
“The combination of the nearness to the MRT Station and the sea makes the Seaside condo development a highly sought after property in the market”, Dr. Lee further added.
The director of research at the Cushman and Wakefield agency Ms. Christine Li has positive prospect about the Seaside Residences Condo as she says it will have a 50% take-up by the time six months are up. She expects that once the project is successfully launched it will fetch prices between $1500 and $1700 per square feet.
To read on more upcoming launches, please visit Clement Canopy (located along Clementi Avenue 1 by UOL and Singland) and Artra @ Alexandra (located along Alexandra View by Tang Group). If you are keen in Executive Condominium, you may visit INZ Residence (located at Choa Chu Kang Avenue 5 by QingJian Realty)