Oxley Holdings is preserving the speed of its house launches with its own eighth new development this season — kent ridge hill residences showflat, situated on South Buona Vista Roadoff Pasir Panjang Road. On the weekend of October 20 and 21, the showflat of this 548-unit, 99-year leasehold luxury condo will be opened for preview.
The project will be jointly marketed by ERA Realty, OrangeTee & Tie, PropNex and Huttons Asia. Occupying a land area of approximately 3ha, Kent Ridge Hill Residences at District 5 is a redevelopment of the former Vista Park condominium, which Oxley purchased for about $418 million last December within an enbloc buy. The purchase price translates into $1,096 psf per plot ratio, inclusive of the $72 million rental top-up premium to get a brand new 99-year lease.
Ching Chiat Kwong, Oxley Holdings’ executive chairman and CEO, states:”Vista Park is so different [in the vacant parcels of Government Land Revenue websites ], and it is the website we love best. This project is just one final masterpiece which Oxley’s placing in the marketplace this season.”
Broad selection of components
Besides 11 five-storey blocks comprising 498 units, Kent Ridge Hill Residences additionally boasts 50 strata terraced homes. Included in this Stage 1 launch, a mixture of 200 units will probably be published for sale, at a normal cost of $1,700 psf.