Artra is the latest hottest upcoming condo in 2017 at Alexandra View by Tang Skyline Pte Ltd
The hottest upcoming residential mixed development in 2017 is Artra - is situated on a choice land parcel with commercial shop and f&b space at its first-storey along Alexandra View located in the city fringe area.
The Artra is being developed by Tang Skyline Pte Ltd (a subsidiary of Far East Consortium International) after it submitted the highest bid of S$376.9 million for this plum city fringe site. This attractive land parcel at Alexandra View saw an intense battle among 10 other developers with Tang Skyline beating them all with its top bid working out to about S$9,158 per sqm or $851 psf ppr. From this figure, we estimate the breakeven price for this new development to be around $1,350 to $1,400 psf.
Artra is expected to include a maximum of 21 commercial units, including a supermarket of at least 1,000 sqm. The Artra is strategically located next to Redhill MRT Station and could possibly yield around 400 residential units. Artra is on a 8,398.5 sq m site close to Tiong Bahru Plaza, Queensway Shopping Centre and IKEA Alexandra. Nearby schools include Crescent Girls’ School and Gan Eng Seng Primary and Secondary Schools.
The Artra is being developed by Tang Skyline Pte Ltd (a subsidiary of Far East Consortium International) after it submitted the highest bid of S$376.9 million for this plum city fringe site. This attractive land parcel at Alexandra View saw an intense battle among 10 other developers with Tang Skyline beating them all with its top bid working out to about S$9,158 per sqm or $851 psf ppr. From this figure, we estimate the breakeven price for this new development to be around $1,350 to $1,400 psf.
Artra is expected to include a maximum of 21 commercial units, including a supermarket of at least 1,000 sqm. The Artra is strategically located next to Redhill MRT Station and could possibly yield around 400 residential units. Artra is on a 8,398.5 sq m site close to Tiong Bahru Plaza, Queensway Shopping Centre and IKEA Alexandra. Nearby schools include Crescent Girls’ School and Gan Eng Seng Primary and Secondary Schools.
Artra is well connected to major arterial roads and expressways such as Alexandra Road, Tanglin Road, River Valley Road, Grange Road, Ayer Rajah Expressway and the Central Expressway. With its close proximity to Orchard Road, the Central Business District (CBD), Marina Bay, VivoCity and Sentosa, the development will appeal to savvy investors and discerning homebuyers who are seeking quality residences in a neighbourhood that has excellent access to public transportation networks and modern lifestyle amenities of the city.
Schools nearby include Gan Eng Seng Primary School, Radin Mas Primary School, Crescent Girls’ School, CHIJ Saint Theresa’s Convent. The development is in close proximity to numerous shopping malls, cafes and food centres such as Anchorpoint Shopping Centre, Tiong Bahru Plaza, IKEA Alexandra, Valley Point Shopping Centre, Great World City, Bukit Merah Central Food Centre and Redhill Food Centre.
Schools nearby include Gan Eng Seng Primary School, Radin Mas Primary School, Crescent Girls’ School, CHIJ Saint Theresa’s Convent. The development is in close proximity to numerous shopping malls, cafes and food centres such as Anchorpoint Shopping Centre, Tiong Bahru Plaza, IKEA Alexandra, Valley Point Shopping Centre, Great World City, Bukit Merah Central Food Centre and Redhill Food Centre.
IKEA Alexandra is a popular mall for home furnishing, storage solutions, IKEA products, wardrobes, kitchen cabinets, dining sets and sofas.
Redhill Food Centre and Redhill Market is very popular with Singaporeans and foreigners looking for good food and fresh produce.
Project Details of Artra:
Project Name: Artra
Developer: Tang Skyline Pte Ltd
Description: Residential with Commercial at 1st storey - max 21 shops / F&B including a
supermarket of at least 10,000 sqft
Address: Alexandra View
District: 03
Tenure: 99 years leasehold
Site Area: 90,401 sqft
Plot Ratio: 4.9
Gross Floor Area: 442,970 sqft
No. of Units: 400 Units
No. of Blocks / Storey: 1 block of 43 storey high
Expected TOP: 2021
Project Name: Artra
Developer: Tang Skyline Pte Ltd
Description: Residential with Commercial at 1st storey - max 21 shops / F&B including a
supermarket of at least 10,000 sqft
Address: Alexandra View
District: 03
Tenure: 99 years leasehold
Site Area: 90,401 sqft
Plot Ratio: 4.9
Gross Floor Area: 442,970 sqft
No. of Units: 400 Units
No. of Blocks / Storey: 1 block of 43 storey high
Expected TOP: 2021
Why Buy ARTRA?
CHOICE LOCATION WITH EXCELLENT ACCESSIBILITY:
This attractive land parcel is located next to Redhill MRT station, within an established residential estate.
RECREATIONAL FACILITIES:
Residents can enjoy quiet respites at the nearby recreational parks at Telok Blangah Hill and Mount Faber.
CLOSE TO AMENITIES:
The land parcel is located near commercial amenities such as Tiong Bahru Plaza, Queensway Shopping Centre and IKEA Alexandra. The future development is also ideal for families with school-going children, with Crescent Girls’ School and Gan Eng Seng Primary and Secondary Schools located nearby.
CHOICE LOCATION WITH EXCELLENT ACCESSIBILITY:
This attractive land parcel is located next to Redhill MRT station, within an established residential estate.
RECREATIONAL FACILITIES:
Residents can enjoy quiet respites at the nearby recreational parks at Telok Blangah Hill and Mount Faber.
CLOSE TO AMENITIES:
The land parcel is located near commercial amenities such as Tiong Bahru Plaza, Queensway Shopping Centre and IKEA Alexandra. The future development is also ideal for families with school-going children, with Crescent Girls’ School and Gan Eng Seng Primary and Secondary Schools located nearby.
Artra will have 21,528 sqft of commercial for residents of the development right at their doorstep. Daily necessities will be met without traveling away from the development. Nearby shopping center eg. Central Plaza Shopping Centre, Anchorpoint Shopping Centre, Queenstown shopping centre & IKEA Alexandra is just 5 minutes drive away from Artra Condo.
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