Overview

Launch Date: 24 June 2011

Bukit Panjang Executive Condo site in Bukit Panjang Town is located next to the Segar LRT Station, which connects conveniently to Choa Chu Kang MRT Station. Located nearby are major expressways such as Bukit Timah Expressway (BKE) and Kranji Expressway (KJE), providing easy access to other parts of Singapore. In the vicinity are Bukit Panjang Plaza, Greenridge and Fajar Shopping Centres, offering shopping, dining and entertainment delights. A wide range of recreational facilities is available at the new Bukit Panjang Sports Complex and Bukit Panjang Park. Established primary and secondary schools like Greenridge, Zhenghua and the new ITE College West are also all within easy reach.

Project Name	:	Blossom Residences
Developer	:	Grand Isle Holdings Pte Ltd (CDL Development)
Address	:	To be confirmed
Tenure of Land	:	Leasehold 99 years
Site Area	:	20,834.1 sqm
Estimated Dwelling Units	:	602
No. of Storey	:	To be confirmed
No. of Blocks	:	To be confirmed
Estimated TOP	:	End 2014
Plot Ratio	:	To be confirmed
Unit Types	:	2 bedrm ~ 755 sq ft (29 units) 2 bedrm PES ~ 1051 - 1111 sq ft (3 units) 3 bedrm ~ 915 - 996 sq ft (146 units) 3 bedrm Balcony ~ 976 - 1352 sq ft (237 units) 3 bedrm PES ~ 1329 - 1483 sq ft (22 units) 3 bedrm (Dual Key) ~ 1039 - 1387 sq ft (36 units) 4 bedrm ~ 1153 - 1269 sq ft (37 units) 4 bedrm Balcony ~ 1297 - 1588 sq ft (53 units) 4 bedrm PES ~ 1629 - 1749 sq ft (5 units) 4 bedrm (Dual Key) ~ 1245 - 1656 sq ft (17 units) 3 bedrm Penthouse ~ 1765 - 1867 sq ft (14 units) 4 bedrm Penthouse ~ 2132 sq ft (2 units) 4 bedrm Penthouse (Dual Key) ~ 2147 sqft (1 unit)

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Bukit Panjang EC site: CDL unit places top bid

Posted on December 3, 2010

CITY Developments (CDL) unit Grand Isle Holdings has emerged as the top bidder for an executive condominium (EC) site in Segar Road.

Yesterday’s tender results saw CDL’s top bid of almost $182 million, or $271 per square foot per plot ratio (psf ppr), coming in 15.5 per cent ahead of the second-highest offer of $157.5 million, or $234 psf ppr, submitted by EL Development. Three other bids were submitted – Opal Star and Lum Chang Building Contractors sent in a joint offer of $128.3 million, Pinnacle Realty bid $120 million, and Sim Lian Land came in with the lowest tender at $113 million.

A CDL spokesman said the developer has plans to build a 15- to 17-storey EC on the 1,936 sq ft site and, if awarded, it would be CDL’s fourth EC project. Previous ECs developed by CDL were The Esparis in Pasir Ris, The Florida in Hougang, and Nuovo in Ang Mo Kio.

Located in Bukit Panjang, the 99-year leasehold Segar Road site has a plot ratio of 3 and a maximum gross floor area of 5,806.6 sq ft. It can potentially yield an estimated 570 units.

Mr Joseph Tan, CBRE’s residential executive director, said CDL’s bid translates to a breakeven cost of $570 psf to $590 psf. He added that there will be a market for the new EC project if it is priced 20 per cent to 25 per cent lower than nearby private condo Tree House, which sold at an average price of $830 psf in the second quarter of this year.

ECs are a hybrid of public and private housing with ownership and resale restrictions applying in the first 10 years, after which they are fully privatised. Boasting private condo facilities, they are an attractive housing option for buyers who meet the eligibility criteria, including a monthly household income ceiling of $10,000. Under the current Residential Property Act, foreign developers are subject to the stipulated project completion period of five years. This rule, however, does not apply to local developers.

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