The 3.7-hectare Sengkang Grand Residences will be a welcoming inclusion to the growing Sengkang estate. It is a joint venture between CapitaLand and CDL. The 99-year leasehold site was acquired in August last year for $777.78 million.
Largest residential and commercial site awarded since 2015
The preview for this 680-unit integrated development started last Friday on October 25 and bookings will begin on Nov 2. The project consists of 9 blocks with unit sizes ranging from 474 sq ft for a one-bedder to 1,324 sq ft for a 4-bedder and other Flexi unit types.
Sengkang Grand Residences is connected to the Buangkok MRT station and also a 3-storey retail mall which spans 16,000 sq ft in gross floor area. The project will also include many other community amenities such as a childcare centre, a community club, a hawker centre, a community plaza and a bus interchange. A 2-bedder costs $998,000 while a 3-bedder, $1.5 million. A 4-bedroom apartment plus Flexi unit is priced approximately at $2.1 million.
The developer expects project to be well-received
The developers are hopeful for positive responses from buyers and investors as the new Punggol Digital District aims to create over 28,000 jobs in addition to the Seletar Aerospace Park. The condominium project is one of the country’s very few integrated developments and thus there may be rewards in investing in a premium property in an up-and-coming district. It is also situated near Nan Chiau Primary School.