The Reserve Residences Integrated Development Is a Concept Tender Open to Developers Who Wish to Develop the Project

Park View Mansions up for collective sale at $260 mil

Park View Mansions is a 160-unit advancement remaining on a land website of concerning 191,974 sq ft with a 99-year leasehold tenure commencing from Oct 1, 1976. Subject to the approval from the authorities, the site can be developed approximately a gross flooring location of 403,145 sq ft.

The Reserve Residences Integrated Development Is a Concept Tender Open to Developers Who Wish to Develop the Project

The Reserve Residences Bukit Timah will have both residential and commercial spaces. The retail space is expected to be approximately 20,000 square metres. Its residential area will feature rooftop gardens and balconies. Additionally, it will include an integrated transport hub. The development is expected to be completed by 2022. This mixed-use property has a high-rise residential feel with a central courtyard. However, some disadvantages of the project must be considered before deciding to invest in this residential development.

The Reserve Residences Integrated Development is a concept tender open to developers who wish to develop the project. The successful proposals must incorporate pedestrian networks, public amenities, and high-quality interiors. Once selected, the winning concept will be developed and integrated into a comprehensive plan to revitalize the district. In addition to residential units, the Reserve Residences will feature a retail and commercial hub, and an integrated beauty and wellness centre.

The development is located close to an MRT station and other important establishments. International schools will be within a one to two-kilometer radius. The pricing is expected to be affordable, especially compared to other condominiums in the area. Here are some of the other benefits of owning a Reserve Residences condominium:

The development’s commercial and residential spaces will be integrated into a multi-use complex, similar to Bukit Timah Shopping Centre. The overall commercial space will be about 20000 square metres. The Reserve Residences will include rooftop gardens, balconies, and retail spaces. The overall project is expected to have a gross plot ratio of 3.1, with approximately twenty thousand square metres of commercial space. This is a relatively large amount of space, which is a significant selling point.

The future growth at the site can possibly house over 440 units, thinking an ordinary apartment or condo dimension of 915 sq ft, says Jeremy Rikas Chiu, ERA’s group division supervisor. He adds: “We expect a solid market demand for the brand-new project at the Park View Mansions website, offered its prime location and also rare land shape which regulates unblocked views of Jurong Lake Gardens, Lakeside Garden and also Jurong Lake.”.

Park View Mansions’ collective sale launch begins the heels of the en bloc sale of Lakeside Apartments– one more 99-year leasehold condo just alongside Park View Mansions that additionally ignores Jurong Lake Gardens– to Wing Tai Holdings for $273.88 million last month.

Extra just recently, the collective sale tender for Lakepoint Condominium, a 99-year development located on Lakepoint Drive that is about a five min repel from Parkview Mansions, closed on June 8 with no proposals. The collective sale tender for Jurong Lake Gardens will close on July 27 at 2pm.

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