Sky Everton

[milk tea]

Sky Everton, has finally been bought by a group of companies including HO Lee Group led by Sustained Land in a collective sale for S$343 million. The sale price of Sky Everton translates to a land rate of S$1,722 psf ppr. Sky Everton site was launched for sale in March with an asking price of S$338 million. Sky Everton floor plans and Sky Everton showflat will be available soon.

The developer is not required to pay any development charges due to the high baseline. With the inclusion of the 10% bonus balcony area, this translates to S$1,565 psf ppr. The property that sits in the site was completed in the 1980s. Everton Sky site occupies 72, 059 sq ft and a GPR of 2.8.

Each of the owners of the 23 storey development that features four penthouses and up to 80 apartments are to be awarded various amounts from S$3.476 million to S$7.73 million per unit.

Once approved, the Sky Everton site can potentially yield up to 36 storey residential condos featuring around 264 apartments.

According to Edmund Tie & Company, the marketing agent, Sky Everton site is well situated along Everton Road and close to the CBD. It is also a short drive from Clarke Quay, Marina Bay, Harbourfront and Orchard Road.

The future residents of Sky Everton are set to enjoy clear panoramic views of the waterfront beyond Tanjong Pagar Port Area and the beautiful city skyline. The nearby Bukit Paso and Everton Park offer the future residents a wide range of lifestyle options and amenities.

[CSH]

Sky Everton will be one of the larger freehold sites to come on the market recently. Most freehold launches, like Fyve Derbyshire, Juniper Hill, One Meyer, Nyon, and so on, are single building sites, with perhaps the exception of Amber Park and the Gazania.

So the Sky Everton condo is worth considering. Also because there are not many new freehold launches in this part of Singapore. The Sky Everton condo showflat preview will likely be around a months time, possibly June. Floor plans and other details are due out soon.