A first new project with sea views that will be built along East Coast Parkway in 15 years – is going on sale soon before you know it! The East Coast plot housing the project was the first government land sale site along the ECP since 2001.
Frasers Centrepoint Singapore is launching the Seaside Residences condominium at the end of April this year. They led a consortium to win the contested tender for the 207,847 square feet plot for $624.18 million last year.
The developer said that the units at Seaside Residences are being designed to maximize the sea views with 70% of units are orientated towards the sea.
The project will have four 27-storey blocks. It will have 843 units that will range from 1- to 5-bedroom types and penthouses, with floor areas between 424 square feet and 2,690 square feet. The condo will have a 115m-long infinity pool and a sky terrace between the 14th and 16th floors.
Christopher Tang, a Frasers Centrepoint Singapore chief executive, called the project “a unique development that will cater to home buyers seeking a seaside home outside the bustling city centre”.
Analysts also expect strong demand for the units, with its rarity and attractive attributes of the site. It is less than 1km from East Coast Park and just a three-minute walk to the future Siglap MRT station.
The head of South-east Asia research at Edmund Tie and Co, Dr Lee Nai Jia, expects strong buyer interest as there have been no new sites at the East Coast since 2001.
Dr Lee also noted: “Based on what we see historically, demand for developments in these mature estates tends to be very high. One example is Gem Residences, which sold about half its units in a day before the public launch.”
He added that this property have a rare combination of sea views and proximity to the future Siglap MRT station on the Thomson-East Coast Line, which runs around the city and is set for completion in 2023.