Kent Ridge Residences

[CSH]

The marketing for the Kent Ridge Hill Residences is gathering pace. In tandem with that, some more facts have emerged. If you are not into reading long paragraphs, here are the more salient facts in point form, garnished with pretty icons!

🏡 Hillside Address City Living 🏡

☘ KENT RIDGE HILL RESIDENCES ☘
(Former Vista Park sold enbloc to Oxley Holdings. Targeting to launch in the 2nd to 3rd week of October 2018)

. Located at the edge of Kent Ridge Park and facing the Sea.

. Set in lush greenery, the Kent Ridge Hill Residences site offers the prospect of a "Nature and Wellness" themed residential development. 🌳🌳🌳

. 5 Storey high low-rise Resort Style Condo with a Huge Plot Size of 319,250 square feet

. 8 minutes walk from Pasir Panjang MRT station 🚇

. 10 minutes drive to the main CBD (Central Business District) at Raffles Place 🚗

. 15 minutes drive to the 2nd CBD (Jurong East) 🚙

. High Capital Appreciation Potential and expected Rental Demand, with the prospect of the Greater Southern Waterfront City to be ready by 2030.💥💥💥

. 498 Units (1 to 3 bedrooms standard units and 4 to 5 bedroom penthouses) 🏢 with 50 Units Strata Landed House (4 and 5 bedrooms) available for sale 🏡 🏡 🏡

. Attractive Pricing from $1,7xx PSF upwards 💰💰💰

The indicative Kent Ridge Hill Residences price does look pretty OK, considering that the land cost alone is close to $1,100 per sq ft per plot ratio (PSF PPR), with means that break-even cost could be around $1,600 PSF. So it would seem that the developer is not going to be greedy.

With the launch coming up, do let us know if you are interested to arrange a viewing of the Kent Ridge Residences showflat. Here is a picture of what the project will look like. Seems could be one of the more attractive ones to come on the market.

[CSH]

Well, the Kent Ridge Hill Residences balloting and sales took place today. For this VIP Preview, the developer gave some extra discounts as well, with the quantum of discount ranging from $5K to $12K, depending on the unit type.

For example, the one bedders got $5K off, the 2 bedders got $8K off, and so on. It seems to have worked. Around 114 units were sold at the balloting itself.

That's pretty good for the current market, considering the number of launches popping up almost every week.

[CSH]

Kent Ridge Hill Residences has been selling slowly but steadily since its launch. To date it is around 23% sold, which is OK in such a competitive market, especially considering the year end lull currently.

Pricing averages around $1,6xx PSF, except for the strata townhouses that average around $1,4xx PSF.