Fancy residing by the sea? The residential condominium development with just that specification in its name – Seaside Residence – will be launched by end April, likely to the cheers of many happy sun-and-sea seekers.
Photo credit: www.officialseasideresidences.com
The new 843-unit private residential project developed by Frasers Centrepoint Singapore is lauded as one of the first seaside developments along East Coast Park (ECP) to be launched in 15 years. Situated next to Victoria School, the land site was first put on sale in 2001 and finally sold to a consortium helmed by Frasers to the tune of $624.18 million last January.
Boasting sea views for at least 70 per cent of its units, Seaside Residence will have 4 residential blocks, each 27-storey tall, consisting of one- to five-bedroom apartments and penthouses ranging between 424 sq ft and 2,690 sq ft in size. It will also be situated close to the upcoming Siglap MRT station on the Thomson-East Coast line and prices are expected to start from $1,550 to $1,650 psf. Comparatively, average prices of units at Marine Blue and Amber Skye currently stand at $1,700 to $1,800 psf.
The East Coast area has always been popular real estate with expatriates as well as young professionals and families. The cluster of schools in the area, this heritage-soaked district and its laid-back style have always been what drew buyers and investors to this region. As a mature estate, demand for new units have always been much welcomed, as seen by sales of Gem Residences in Toa Payoh.
With the sea views, an 115-metre long infinity pool and sky terrace, this launch looks like it will certainly be more than a drop in the ocean come April.