New project info: Kingsford Waterbay open for viewing this weekend!

By The Folks @PropTalk - February 18, 2015 1 Comment
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, and is within walking distance of the new integrated transport hub at Hougang MRT Station. A complimentary shuttle bus service will also be provided to Hougang Central.

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

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