The Reserve Residences Will Be Located Near the Upcoming Beauty World Mrt Station, Which Is Close to Several Educational Institutes and Other Amenities

Two-storey interconnected 999-year leasehold shophouse at Serangoon Gardens up for sale at $9.68 mil

A two-storey interconnected shophouse at Serangoon Gardens has actually been offered with occupancy at an overview cost of $9.68 million ($3,997 psf). JKL Consultants is the appointed exclusive advertising agent for the residential or commercial property.

The Reserve Residences Will Be Located Near the Upcoming Beauty World Mrt Station, Which Is Close to Several Educational Institutes and Other Amenities

The Reserve Residences will be located near the upcoming Beauty World MRT station, which is close to several educational institutes and other amenities. It is also located on a land plot zoned for mixed-use developments. As the first major mixed-use launch in the area in several years, it will completely transform the area into an exciting district. Aside from residential units, the development will also feature retail and restaurant spaces.

The Reserve Residences will be surrounded by lush landscapes, adding to the greenness of the surrounding area. Residents will also have easy access to Bukit Timah Nature Park and the Central Water Catchment Area. A pedestrian network is also planned to connect the residences to various nature parks and transportation nodes. The project is managed by the Far East Organization (FEO).

A concept tender for the Reserve Residences project has opened up in the Mountbatten area of Singapore. Developers are encouraged to submit concept designs that integrate various uses, public spaces, and amenities into the design. The Reserve Residences is part of a larger vision to revitalize the area. It should provide residents with quality living spaces, while being close to public transportation and amenities. It is expected to be completed by 2022.

According to JKL Consultants, the shophouse was integrated in 1960 as well as has a period of 999 years beginning with 1957. The site is zoned for totally commercial-use under the 2019 URA master plan and also spans 1,503 sq ft in site location and also 2,422 sq ft built-up area.

Located within the Serangoon Gardens personal domestic territory in District 19, the area is preferred with expatriates because of the presence of global colleges such as Stamford American International School, the Australian International School as well as Lycee Francais De Singapour. The upcoming Tavistock MRT Station (on the Cross Island line), scheduled to be finished in 2030, will certainly be an 11-minute leave.

The iconic Chomp food centre is a rock’s get rid of and also various other popular dining establishments nearbly include the Chong Qing Grilled Fish, Tiong Bahru Bakery and also Toastbox. The Serangoon Gardens Country Club is likewise a short repel.

The space is currently leased to a Chinese medical clinic and also a baking workshop and will certainly run out in 2025. As it is not gazetted for conservation, the website enables higher versatility in regards to design and remodelling works in the future, claims Micah Lim, associate director at JKL Consultants.
“Industrial shophouses with a tenure of 999-year in a upscale as well as recognized territory valued at listed below the $10 million mark are unusual in today’s market,” says Lim. Foreigners are eligible to purchase the home too.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.