On the weekend of October 5-6, Allgreen Properties will Maintain the Trailer for Royalgreen.

The 285-unit upscale condominium is the last job at The Bukit Timah Collection, which comprises three jobs. Both will be the 476-unit Fourth Avenue Residences as well as the 115-unit Juniper Hill on Ewe Boon Road. Meanwhile, Royalgreen Is Situated along Anamalai Road and 250m in the Sixth Avenue MRT Station on the Downtown Line.

See The Avenir launch price for your buying guide.

Royalgreen can also be only 300m from Avenue Residences, the initial job in Allgreen Properties’ The Bukit Timah Collection. Launched in January this year, Fourth Avenue Residences is your only 99-year leasehold development inside the group. So far, 102 units (21.4percent ) have been marketed in an average transacted cost of $2,407 psf, based on caveats lodged with URA Realis thus far. It’s regarded as one the top-selling jobs from the Core Central Region (CCR) this past year.

Along with this freehold tenure, Royalgreen is priced from $2,600 psf. Allgreen will also provide a 2% early-bird reduction to buyers in Royalgreen’s launching on October 12. The programmer intends to launch a first stage of 108 units for sale, together with the project jointly promoted by ERA Realty Network, Huttons Asia, OrangeTee & Tie, in addition to Savills Singapore. “There is generally a 15% cost premium for brand new, freehold improvements when compared with 99-year leasehold jobs in precisely the exact same place,” says Lim. “During certain phases from the house cycle, it might even be around 20%”

Larger components

Aside from tenure, Allgreen has also recognized the two jobs with its flat offerings. At Avenue Residences, roughly 67% of those 476 units are just one – and – two-bedroom apartments, such as two-bedroom premium units. The one- and – two-bedroom units vary from 474 into 721 sq ft. Three-bedroom flats at Fourth Avenue Residences beginning from 915 sq feet, while four-bedroom-plus-study units are out of 1,475 sq ft.

Meanwhile at Royalgreen, there aren’t any one-bedroom suites. But around 62% of the 285 units within the development have been two-bedroom apartments, including premium units and people that have research or guest room. Additionally, there Are four 1,259 sq feet four-bedroom-plus-study units and 18 four-bedroom premium flats ranging from 1,431 into 1,475 sq ft.

Prime District 10 place

Royalgreen Includes eight 5-storey cubes sitting on a 174,176 sq ft. It’s located in the vicinity of a Fantastic Class Bungalow enclave in Addition to top schools like Hwa Chong Institution, Nanyang Primary School and Methodist Girls’ School.

Pent-up need

Allgreen’s Lim sees pent up demand building up as the Beginning of the year. “We really had a good deal of people at Avenue Residences who remarked they desired a freehold property instead of 99-year leasehold,” he states. “They’re generally residents in the region and are extremely knowledgeable about the place.”

In actuality, Allgreen had foreseen this pent up demand as it scooped two freehold sites from the Bukit Timah area around precisely the exact same time to the end of 2017.

Cost premium

Ahead of those collective sales, there were not any accessible freehold websites for sale which were found within a 500m radius of Sixth Avenue MRT Station for two years, notes Lee Sze Teck, director of research at Huttons Asia. “That is the reason there were bids for your Royalville en bloc website.”

Rolling out Avenue Residences first was a tactical move by Allgreen, since the evolution sits on a 99-year leasehold website and is the largest job within The Bukit Timah Collection — both concerning land size and amount of components. “Fourth Avenue Residences has established a new standard for a new luxury job in the region,” says Lim.

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