Last Updated on: March 17th, 2023
Maxwell House owners sold the property for $276.8 million, exceeding their initial asking price of $268 million. Originally listed at a reserve price of $295 million in September 2020, the building has been in existence since 1971. With this en bloc comes TMW Maxwell, the spanking new 20-storey mixed-use development with 3 levels of commercial component which will be launched in 2023.
With the aim of developing the property into a mixed-use development with a gross plot ratio of at least 5.6 and a gross floor area of at least 21,746.48 square metres, the joint buyers, SingHaiyi Investments, Chuan Investments, and a unit of Chip Eng Seng Corp, are planning to seek approval from the authorities.
A maximum of 20% of the gross floor area will be devoted to commercial uses. With a trapezoidal island plot of 41,799 square feet, this commercial property is conveniently located near Tras Street, Duxton Hill, and Keong Saik Road’s dining and entertainment district. In addition to being adjacent to the rejuvenated Tanjong Pagar planning area, it is expected to benefit from the Greater Southern Waterfront precinct. In addition to Strata Titles Board approval, other conditions apply to the sale.
Any enquiries, please call our hotline: +65 61002500 | Return to HOME | CBD (MARINA, TANJONG PAGAR, DOWNTOWN CORE)
Just under 700m and one can find 7 mrt stations in the surrounding! The nearest 2 stations to TMW Maxwell new condo being Maxwell mrt at 209m and Tanjong Pagar mrt at 307m. Then there are the rest namely Telok Ayer mrt at 558m, Chinatown mrt at 622m, Shenton Way mrt at 649m and the upcoming circle line station, Prince Edward mrt at 684m to TMW Maxwell new property.
|Supermarket||Cold Storage (Icon Village)||410m|
|Market (Chinatown Complex)||420m|
|NTUC 24/7 (Tanjong Pagar Plaza)||430m|
|Don Don Donki (100AM)||490m|
|Yue Hwa Building||670m|
|NTUC (Chinatown Point)||690m|
|Cold Storage (The Heart At Marina One)||910m|
|Jason Deli (Marina Bay Link Mall)||980m|
|Don Don Donki (The Central)||1.03m|
|Food Centre||Maxwell Food Centre||130m|
|Food Centre (Amoy Street)||210m|
|Food Centre (Tanjong Pagar Plaza)||310m|
|Food Centre (Chinatown Complex)||420m|
|China Square Food Centre||670m|
|Eating House (Tanjong Pagar Complex)||900m|
|OUE Downtown Gallery||470m|
|People’s Park Complex||620m|
|China Square Central||630m|
|Yue Hwa Central||670m|
|The Heart @ Marina One||910m|
|Marina Bay Link Mall||410m|
|The Arcade/Clifford Centre||1km|
|School||Cantoment Primary School||655m|
|Project Name||TMW Maxwell|
|Developer||Chip Eng Seng / SingHaiyi Group / Chuan Investment (Maxwell Commercial Pte Ltd/Maxwell Residential Pte Ltd)|
|Address||20 Maxwell Road, Singapore 069113|
|Estimated Date Of Vacant Possession||TBA|
|Estimated Date Of Legal Completion||TBA|
|Total No. of Blocks & Storeys||1 Block Of 20-Storeys|
|Total No. of Units||324 Residential Units + 2 Storeys Commercial Units|
|Land Area||Approx. 3,883.29 m2 / 41,800 sqft|
|No. of Car Park Lots||
|Project Interior Designer||TBA|
|Civil & Structural||TBA|
|M & E||TBA|
|No. Of Bedrooms||Size (sqft)||Estimated No. Of Units||TMW Maxwell Price|
|Total No. Of Units||324|
(Sizes subject to change)
Chip Eng Seng Corporation Ltd, SingHaiyi Group Ltd, and Chuan Investment Holdings Ltd are three of the prominent property developers in Singapore that are involved in the development of the upcoming new condominium, TMW Maxwell.
The Chip Eng Seng Corporation Ltd (CES) is a reputable building and property development company with operations in Singapore, Australia, and Malaysia. A proven track record of quality projects has been established by CES since 1960. The Poiz Residences, the Grandeur Park Residences, and the Park Colonial are among the prestigious projects that CES has developed in Singapore. TMW Maxwell, which is located in the middle of the city, is also being developed by CES.
SingHaiyi Group Ltd is another prominent property developer that is involved in the development of TMW Maxwell. As a diversified real estate company, SingHaiyi develops, invests, and manages properties. Singapore, the U.S., and Australia are among the countries where the company owns residential, commercial, and retail properties. Among SingHaiyi’s Singapore development credits are The Vales, City Suites, and The Gazania. Providing quality developments in Singapore is the company’s commitment to SingHaiyi’s involvement in TMW Maxwell.
Chuan Investment Holdings Ltd is a Singapore-based investment holding company that is involved in the development, investment, and management of real estate. Chuan Investment has a portfolio of residential, commercial, and industrial properties in Singapore and China. The company has developed several residential projects in Singapore, such as Parc Clematis and Highline Residences. Chuan Investment’s involvement in the TMW Maxwell project highlights the company’s commitment to delivering quality developments that cater to the needs of modern urban living.
In summary, Chip Eng Seng Corporation Ltd, SingHaiyi Group Ltd, and Chuan Investment Holdings Ltd are three reputable property developers in Singapore that are involved in the development of the TMW Maxwell project. Involvement in the project demonstrates their commitment to delivering quality developments that meet urban living needs.
~ TMW Maxwell Site Plan available soon ~
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~ TMW Maxwell Ebrochure & Floor Plan available soon ~
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Last Updated on: February 24th, 2023