Affinity at Serangoon Condo @ Serangoon North Ave 1
Oxley Holdings has bought Serangoon Ville (currently known as Affinity at Serangoon) in Serangoon North Avenue 1 for $499 million. It has been bought in a joint venture by Oxley-Serangoon, which includes major partners like Oxley Holdings, Lian Beng Group, Apricot Capital and entities of KSH Holdings and Heeton Holdings.
The joint venture will pay an amount of $195 million for a 99-year lease of the acquired property, Affinity at Serangoon. The value of the property after additional charges and the purchase price becomes $835 per sq ft per plot ratio.
Serangoon Ville has 244 apartments and includes seven blocks, with units from 1,625 sq ft to 1,733 sq ft. The owners had expected to receive $1.6 to $1.7 million each, but the much higher buying price will get each owner a whopping $2 million in exchange.
The total covered area of the property equals 296,913 sq ft, which is placed on a triangular shaped land piece. In May, KSH, Oxley, Lian Beng and Apricot Capital bought another joint venture property called Rio Casa in Hougang for $575 million.
Affinity at Serangoon condo, main developer Oxley Holdings Limited (“Oxley” or “the group”) is a domestic-grown Singaporean assets developer. Oxley is principally engaged in the enterprise of assets improvement and belongings funding. On the grounds that its inception, the group’s multiplied increase has led to a burgeoning presence each locally and distant places. It now has a presence across twelve geographical markets.
Affinity at Serangoon Former Serangoon Ville
The Group has a different portfolio comprising development and investment projects in Singapore, the United Kingdom, and Ireland etc. Oxley’s also renders mission management and consultancy understanding in Myanmar.
Oxley’s belongings improvement portfolio encompasses choice residential, commercial and industrial projects. Key factors of the organization’s desire tendencies consist of prime locations, desirable way of life functions and chosen designs. With a keen hold close of marketplace sentiments and tendencies, Oxley has completed exquisite increase since its inception.
Affinity at Serangoon surrounds a wide range of amenities and convenient transport connections. Serangoon will provide citizens higher facilities, more recreational alternatives and improved transport connectivity. The boom of the Serangoon Sub-regional Centre may also bring in new process-opportunities.
Potential homeowners at Affinity Serangoon continue to see Serangoon as an appealing desire because of its critical place and the complete range of amenities.
Property upgrading tasks have enhanced the physical surroundings in regions which include Braddell Hills and Seletar Hills. Greater residential sites could be made available for development in Serangoon gradually at the same time as the subsequent projects will further decorate the dwelling surroundings for citizens. Provision of an integrated daycare facility and own family medicine centre at Serangoon Central.
Affinity at Serangoon Near to Greenwich V
The newly completed Greenwich V, a brand new retail destination providing fresh shopping and eating alternatives. Affinity at Serangoon Condo has easy access to numerous most important parks in other north-eastern thru the prevailing park connectors, inclusive of Bishan- Ang Mo Kio park thru Ang Mo Kio Avenue 5.
For greener areas in the direction of home, residents can look to the various neighbourhood parks and precinct parks in convenient locations within Affinity at Serangoon. In the upcoming years, residents may be able to add some extra places to their list of hangouts:
- The 17ha Serangoon North Linear Park along Ang Mo Kio Avenue 5
- A brand new plaza and a brand new pedestrian mall at Serangoon vital, constructed in tandem with future traits to create vibrant areas in network activities and enhance pedestrian linkages within the town centre
Transport: Smoother drives and fast connection
For future residences of Affinity at Serangoon, travelling within Serangoon and to other parts of Singapore will be faster and more suitable and more profitable with the following enhancements to the roads and public transport services, including:
- Widening of Upper Paya Lebar road to ease the height hour visitors’ congestion heading towards Kallang-Paya Lebar Expressway (KPE) and Pan Island Expressway (PIE).
- Improvements to the road and junction at Serangoon Avenue 2
With the traits of offices at Serangoon Central and new business traits at Serangoon North, residents of Affinity at Serangoon can enjoy greater job opportunities. Going home to Affinity at Serangoon after a hectic day will only mean a short walk or a quick bus journey and travel via Serangoon MRT station, an interchange station for the Circle Line and North-East Line.
Affinity at Serangoon Near Serangoon Garden
Serangoon garden could be regarded as an identity node to hold its unique character and laid-back appeal. Its low rise landscape is the appropriate supplement to the variety of nearby food treasures right here, growing a village ambience that distinguishes it from different food hangouts. To offer a more memorable experience on this famous enclave and shield its particular characteristics, we are able to reserve Serangoon Garden Circus as a neighbourhood landmark and formulate street block plans to guide future improvement of the location.