Chinese-owned Kingsford
Development will introduce its riverfront project, Kingsford Waterbay, to the
public this weekend.
This 1,165-unit project is
being built on the amalgamated site of two adjoining government land sales
(GLS) plot totalling 27,292sqm that it won in November 2013.
The 99-year leasehold
private residential project is located near the junction of Hougang Ave 8 and Upper Serangoon Road
Units offered comprise 1,157
units of one to five-bedroom apartments, six units of strata terrace houses,
and two units of strata semi-detached houses. The development is self-contained
with its own childcare centre and six commercial shops.
By combining the two adjoining
sites, Kingsford Waterby will have approximately 400-metre direct
frontage of Sungei Serangoon. This allows for half of the development to enjoy
the riverfront views while the other half will have views of the development's
extensive range of water-themed recreational facilities.
Its showflats open on Feb
21. Prices are not yet available, as sales will begin only in early March after
the developer has gauged buyer interest.
Consultants had earlier
estimated that selling prices will start at $1,000 - 1,050psf.
According to SRX, in the
vicinity, new units at Riversails
sold at a median price of $961psf over the past year, while new units at Riversound Residence sold at a median
$863psf. Boathouse Residences' new
units sold for $1,065psf, while those at Midtown
Residences sold at a heftier $1,309psf.
Info Source: BT
Balloting is on the 7th March
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