The Northumberland Road Condominium is the year’s first residential Government Land Sales (GLS) tender. This is a plum location in the Ferrer Park neighborhood. This property receives ten offers from developers and a competitive bid price, demonstrating the developers’ desire for the land.
City Developments (CDL) and joint venture partner MCL Land won the auction with an offer of $445.9 million, which equates to $1,129 per square foot per plot ratio (psf per).
This property has the potential to be developed into a mixed-use complex with up to 408 residential apartments and commercial retail space. On the bottom level, there will be an infant care and daycare center.
According to analysts, the new project at Northumberland Road Condo may be priced between $1,900 and $2,300 per square foot. (original source: the straits times) Northumberland Condo is next to the Farrer Park MRT Station on the North East Line.
Future inhabitants will only require around eight minutes to reach the Dhoby Ghaut MRT Interchange, which is just three stations away. This will facilitate their access to both the North South Line and the Circle Line.
Additionally, this condo is just one station away from the Little India MRT Station, from which future occupants may access the Downtown Line. With all of these amenities, future inhabitants will find it simple to travel to any area of Singapore. Additionally, the new condo on Northumberland Road is close to the Central Expressway (CIE), which will take future occupants about 8 minutes and 6 minutes to reach the Central Business District (CBD) and Orchard Shopping Belt, respectively.
Northumberland Residence is located about 200 meters from City Square Shopping Mall, which has a variety of food and beverage establishments, as well as a grocery and a theater. Prospective homeowners may just stroll to Mustafa Centre for late-night shopping, a 24-hour, seven-day-a-week mega mall. Sim Lim Square, Albert Complex, Golden Mile Complex, Bugis+, Bugis Junction, and United Square Retail Mall are other nearby shopping malls.
There are many options for local cuisine as well as fresh market goods for its prospective inhabitants. Northumberland Residences is located near Berseh Food Centre, Pek Kio Market and Food Court, Tekka Market, Bendemeer Road Block 29 Market and Food Centre, and Whampoa Drive Market and Food Centre.
Northumberland Residences is located “near the corner of Racecourse Road and Gloucester Road, directly across from Farrer Park MRT station and Farrer Park Hospital.”
Additionally, since the property is located just outside the Little India Historic District, it is close to major retail projects such as Mustafa Centre and City Square Mall.
The property has a corner frontage on a major road and has the potential to accommodate about 405 residential units.
Additionally, it includes a retail limit of 1,500 square meters gross floor area and a minimum of 500 square meters gross floor area for a daycare center.
The 99-year leasehold property, which is zoned residential with commercial on the first floor, has a maximum gross floor area (GFA) of 36,679 square meters and a maximum building height of 83 meters.
City Developments Limited (CDL) is a market leader in worldwide real estate, operating in 112 sites across 29 nations and regions. The Group, which is listed on the Singapore Exchange, is one of the biggest businesses in terms of market capitalization. Its income-generating portfolio is geographically diversified and includes homes, offices, hotels, serviced apartments, retail malls, and integrated projects.
With more than 55 years of immobilization, investing and management expertise., CDL has built over 47,000 houses and owns over 23 million square feet of residential, commercial, and hospitality properties worldwide. Its globally diverse land bank has 3.5 million square feet of land.
Apart from defining skylines with architectural icons, CDL has reimagined Singapore’s built environment via a series of award-winning green skyscrapers. CDL has embraced the concept of “Conserve as we Construct” for more than two decades, investing in game-changing technologies that have been critical facilitators of resource efficiency and productivity.