Principal Garden is a 99-year new condo Singapore launch situated in Prince Charles Crescent, right at the fringe of the stylish and busy renowned Singapore shopping street known as Orchard Road. Located in the popular District 3, Principal Garden comprises 663 residential apartments housed in 4 beautiful towers of 24 storeys each amidst lush and green landscapes. One can expect a good 8:2 ratio of verdant landscape planning and residential blocks respectively on a generously large land site measuring 24,964.3 m2 or 268,715.73 ft2. Whether you are a professional, couple or a family with kids, there is a range of sizes to suit everyone's needs and space requirements.
This new condo launch is expected to complete and enter the market in 2019/2020, approximately. Superbly-timed completion when the number of private residential units are expected to be at a low according to the Ministry of National Development (MND) January 2015 forecast on the supply of new residential units by expected year of completion.
Principal Garden - Land Price Bid
UOL Venture Investments and Kheng Leong tendered for a piece of land, Parcel B at Prince Charles Crescent and emerged the top bidder amongst 7 bidders. The tender price for the plot of land of size 268,713 sqft is $463.1 million at $821 per sqft per plot ratio (psf ppr).
The top bid is 5% more than the second highest bid of $440.2 million submitted by an established consortium consisting of Hong Leong Group’s Intrepid Investments, Hong Realty’s Garden Estates and City Developments Limited’s Verwood Holdings.
UOL Venture Investments and Kheng Leong’s conservative albeit highest bid offer for Parcel B is even lower than the neighbouring plot’s land price of $960.28 psf ppr bid in Sep 2012 by a good gap of 14.5%.
This beautiful plot of land for the new condo launch Principal Garden is situated in a strategically strong location just 10 minutes’ drive to Orchard Road and a stone’s throw from Alexandra Primary School, Gan Eng Seng School and Crescent Girls’ School.
With a lower land price bid, UOL and Kheng Leong will have the flexibility to realistically price Principal Garden in order to sweeten the deal for buyers.
In the vicinity, there are new launches such as Alex Residences, Mon Jervois and The Crest.
Any enquiries, please call our hotline: +65 61002500 | Return to HOME | Go to SOUTH (OUTRAM, QUEENSTOWN, TELOK BLANGAH)