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Affinity at Serangoon
Come Home to All That You Cherish…
Former Privatised HUDC estate Serangoon Ville in Serangoon North Avenue 1 has been sold en bloc for $499 million to Oxley Holdings-led consortium. The developer, joint venture firm Oxley Serangoon, comprises partners including Oxley Holdings, Lian Beng Group, Apricot Capital and entities of KSH and Heeton Holdings. Together, they launch the new development name AFFINITY at Serangoon.
Affinity at Serangoon – Location
Situated in the history-full location in District 19, but lack of full fledge condominium estate, Affinity at Serangoon will be a new launch a lot of home owners and investors are anticipating especially the local residents in Serangoon Gardens.
Surrounded with many reputable schools and amenities; apart from which, this development is encircled around the food haven. As many Singaporeans would know, Chomp Chomp food centre, Serangoon wet market and food centre, these are just a few areas nearby that locals will hang out for their food craving.
In this locale, it is where the landed housing reigns over full condominiums, and this is what the residents be it from HDB or the landed owners there been yearning for. Much as they have been looking forward to the new condo launch, their dreams have seen its way to realization.
Affinity at Serangoon – Potential Upsides
With 2018 figures of our Government Land Sales (GLS) and all the en-blocs, the numbers had shown and uptick in the property market. Just adjacent across, another new launch condo The Garden Residences, jointly developed by Keppel Land and Wingtai, the land costs are $965 psf ppr vs Affinity at Serangoon $835 psf ppr, there is a minimum of $130 difference. Hence the breakeven price should be $1,739 vs $1,568 psf. In other words, Affinity at Serangoon can easily drive up a humbly profit within a short span period of time. Another factor that will boost the capital upside, is the shortage of supply for non-landed residential a.k.a Full Fledge Condominium, which meets the criteria of minimum land size and landscaping with 60/40 on the development. Not forgetting the future transport nodes too.
Affinity at Serangoon – Project Details
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Land size: 296,913 sqft
Land Tenure: 99 years
Total units: 1012 residential units | 40 Strata house | 5 commercial units
Launch date: 26th May 2018 showflat preview. Sales preview in June
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