CDL & MCL another successful collaboration for the Newport Residences EC
Newport Residences Anson Road review of its investors and homeowners the chance to purchase one million dollars of property in the highly sought-after Tanjong Pagar area. City Developments Ltd. is scheduled to build the 51-story mixed-use structure with lots of room for businesses gorgeous apartments, as well as fantastic apartment homes that will be serviced.
City Developments Ltd (CDL) is the firm responsible for building the new structures at the site of the former Fuji Xerox Towers, which are now known as Newport Residences, Newport Plaza Newport Plaza, Newport Plaza, and Newport Tower. The site is situated at the heart of Singapore's CBD which is the acronym in for Central Business District.
There are three components of this development, namely Newport Residences as the residential component, Newport Tower as the office component, and Newport Plaza being the retail mall component. Floor area (GFA) of Newport Residences' new Newport Residences is expected to be approximately 655,000 square feet, or 60,851 square meters. The new Newport Residences will have approximately 25% higher GFA than the existing office building located on the site.
Residents of the stunning Newport Residences will be able to take advantage of the well-established private and public transportation system that is close by. The main Anson Road and Keppel Road allow drivers to reach all of the services in the neighborhood fast. Additionally, the Newport Residences are within walking distance of several MRT stations as well as bus stops.
Newport Residences is located in the renowned Tanjong Pagar neighborhood in district 02 of Singapore. It is a neighborhood that has many cultures and historical significance. This is a great neighborhood for couples, singles, older and younger people as it offers a mixture of cheap and expensive as well as slow and fast complex and simple ways of living.
Newport Residences residents Newport Residences that are family-oriented will be capable of sending their children to the top schools in the region. The majority of the top schools are a hop, a skip, and a jump away from the vibrant Newport Residences.
Shopping malls such as 100 AM Tanjong Pagar Plaza, Icon Village Icon Village, 100 AM, Tanjong Pagar Plaza, as well as Raffle City Singapore lie all close to the luxurious areas at Newport Residences. Residents of Newport Residences can indulge in delicious meals at elegant and classic eateries that have friendly staff. They are located within the shopping malls.
The Housing & Development Board (HDB) released its tender to bid for Tengah Garden Walk EC on 26/11/2020. The bids received were seven when the tender ended on 25th May, 2021. Taurus Properties Sg Pte. Ltd. is the winning bidder, with the winning bid of $400,3118,000 that amounts to $603.00psf in the ppr (per sq ft the plot). The land size is 22,020.8 sqm or 237.031,89 Sqft will yield 120 housing units distributed across 12 towers which will be higher than 14 stories.
Taurus Properties, a joint partnership comprising 50:50 between City Developments Limited (CDL) and MCL Land won the tender with an incredibly small margin of 0.03% compared to the next bid. New Port Residences EC is their second collaboration with MCL Land for 2022 after the successful launch of Piccadilly Grand which was launched on 7/5/2022 . It was sold at the amount of 77% during the weekend of launch. The weekend following the launch, remarkable outcomes were evident from the fact that 77% of the building's sale in just two days.
Newport Residences is the first EC located in Tengah, The Forest Town. It is strategically located in the Garden of Tengah Walk, which is located in District 24. The area was once forest and scrubland, and was used mostly as a training zone for the military. Even though it's still not developed, Tengah, The Forest Town is an excellent location to live in and will offer new experiences to the those who live there in the future. Newport Residences EC. Tengah is set in lush greenery. It has 5 planned areas of residential development, each of which has its own distinctive particularity. It is the most unique "car-free" downtown, providing an environment that is safe for walking and cycling. The residential zones in Tengah will be divided into five districts each with distinctive characteristics. The districts comprise Garden District. Plantation District, Forest Hill District., Park District and Brickland District.