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.
TMW Maxwell new property is a unique concept that caters to the needs of tomorrow’s multi-talented individuals. It offers a range of spaces that combine the comfort of home, the functionality of an office, the tranquility of a park, and the inspiration of a gallery. This innovative approach to space design is perfectly suited for the hybrid lifestyle that many urbanites are embracing.
With TMW Maxwell residences, you can enjoy the benefits of a truly-local experience while staying connected to the global community. It provides a platform for highly productive individuals who are passionate, curious, and refuse to be confined by traditional labels or categories.
Whether you need a space to work, relax, socialize, or be inspired, TMW Maxwell Singapore has got you covered. Its multi-hyphenate spaces are thoughtfully designed to accommodate your diverse needs and activities. You can seamlessly transition from work to play, from solitude to collaboration, and from productivity to leisure.
By embracing the concept of TMW Maxwell, you are embracing the future of living and working. It is a place where the boundaries between home, office, park, and gallery blur, allowing you to fully embrace your multi-faceted lifestyle. So why settle for the limitations of traditional spaces when you can have it all at TMW Maxwell?
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Project Name | TMW Maxwell |
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Developer | Chip Eng Seng / SingHaiyi Group / Chuan Investment (Maxwell Commercial Pte Ltd/Maxwell Residential Pte Ltd) |
Address | 31 Tras Street (former Maxwell House at 20 Maxwell Road site) |
District | D2 - Chinatown / Tanjong Pagar |
Tenure | 99-year Leasehold wef 28 Apr 2023 |
Property Type | Mixed Development |
Plot Ratio | 5.95 |
Total No. of Blocks & Storeys | 1 Block Of 20-Storeys |
Total No. of Units | 324 Residential Units + 2 Storeys of 11 Commercial Units comprising Retail & F&B |
T.O.P Date | Jun 2028 |
Land Area | Approx. 3,883.29 m2 / 41,800 sqft |
No. of Car Park Lots | 184 Car Park Lots + 4 Accessible Lots |
Architect | Formwerkz Architects |
Project Interior Designer | FARM |
Civil & Structural | TBA |
M & E | TBA |
Landscape Architect | Compound Collaborative Pte Ltd |
Main Contractor | Vision E&C Pte Ltd |
Shortlist Project |
credit:googlemap
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.
Amentities | Estimated Distance | |
---|---|---|
Supermarket | Cold Storage (Icon Village) | 410m |
Market (Chinatown Complex) | 420m | |
NTUC 24/7 (Tanjong Pagar Plaza) | 430m | |
NTUC (100AM) | 490m | |
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 | |
Koifu (100AM) | 490m | |
Lau Pasat | 440m | |
China Square Food Centre | 670m | |
Eating House (Tanjong Pagar Complex) | 900m |
Maxwell MRT (~161m)
Tanjong Pagar MRT (~371m)
Telok Ayer MRT (~561m)
Outram Park MRT Interchange (~591m)
Chinatown MRT Interchange (~611m)
Cantonment Pri Sch (~631m)
CHIJ Kellock (~1.91km)
River Valley Pri Sch (~1.94km)
Guoco Tower (~251m)
International Plaza (~361m)
Icon Village (~411m)
Chinatown Complex (~421m)
OUE Downtown Gallery (~471m)
100 AM (~501m)
People’s Park Complex (~621m)
Chinatown Square Central (~631m)
Yue Hwa Central (~671m)
Chinatown Point (~691m)
The Heart @ Marina One (~911m)
Marina Bay Link Mall (~911m)
The Arcade / Clifford Centre (~1km)
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No. Of Bedrooms | Square Feet | Per Square Foot | Minimum Price | Maximum Price | Estimated No. Of Units | Available Units |
---|---|---|---|---|---|---|
1 Bedroom + Study | 549 sqft - 570 sqft | $3,109 psf - $3,154 psf | $1,707,000 | $2,019,000 | 34 | 34 |
1 Bedroom Loft | 850 sqft - 883 sqft | TBA | $2,395,000 | $2,395,000 | 5 | 5 |
1 Bedroom Suite | 517 sqft | $3,149 psf - $3,240 psf | $1,620,000 | $1,932,000 | 34 | 33 |
2 Bedroom Dual-Key | 861 sqft - 872 sqft | $3,045 psf - $3,081 psf | $2,623,000 | $2,997,000 | 34 | 34 |
2 Bedroom Premium | 786 sqft | $3,127 psf - $3,177 psf | $2,404,000 | $2,690,000 | 16 | 15 |
Flip / Switch | 474 sqft - 484 sqft | $3,127 psf - $3,295 psf | $1,482,000 | $1,749,000 | 201 | 198 |
Last Updated on: March 27th, 2024
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 acquisition of 20 Maxwell House was made through an alliance between Chip Eng Seng Corp, Sing Haiyi Group, and Chuan Investments. The joint venture was structured in a ratio of 40:30:30, with Chip Eng Seng Corp holding a 40% stake, SingHaiyi Group holding a 30% stake, and Chuan Investments holding the remaining 30% stake. This strategic collaboration allowed the three companies to pool their resources and expertise to successfully acquire the property. 20 Maxwell House is now under the ownership of this joint venture, marking a significant milestone in the real estate portfolios of Chip Eng Seng Corp, SingHaiyi Group, and Chuan Investments. It is redeveloped into TMW Maxwell, an hip and edgy name for the new generation.
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 |
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Mixed Development | Mixed Development | Mixed Development | Condominium | Mixed Development | Condominium | |||
D2 - Chinatown / Tanjong Pagar | D4 - Harbourfront / Telok Blangah / Sentosa | D1 - Boat Quay / Marina Raffles Place | D2 - Chinatown / Tanjong Pagar | D2 - Chinatown / Tanjong Pagar | D2 - Chinatown / Tanjong Pagar | D3 - Alexandra / Commonwealth / Queenstown | D4 - Harbourfront / Telok Blangah / Sentosa | D1 - Boat Quay / Marina Raffles Place |
31 Tras Street (former Maxwell House at 20 Maxwell Road site) | 1 Keppel Bay Drive Singapore with 11 Blocks at 1, 3, 5, 7, 9, 11, 13, 15, 17, 19, 31 | Marina View | 80 Anson Road, Singapore 079907 | 1 Bernam Street, Singapore 078852 | 1 Prince Edward Rd | 173 Chin Swee Road in Outram | 2, 6, 8, 10, 12, 14, 16, 18, 20, 22 Harbourfront Avenue | 5A Shenton Way |
99-year Leasehold wef 28 Apr 2023 | 99-year leasehold | 99-year Leasehold | Freehold | 99-year Leasehold wef 10 Dec 2019 | 99 Years wef October 2023 | 99-year leasehold wef 2020 | 99 years | 99-year leasehold wef 29 Nov 2011 |
Jun 2028 | 2016 | 2027 | 2030 | Mar 2026 | 2030 | 2026 | 2025 | 2017 |
324 Residential Units + 2 Storeys of 11 Commercial Units comprising Retail & F&B Units | 366 Units | 683 Units | 246 Units | 351 Residential Units + 2 Storeys Commercial Units + 1 Storey Serviced Apartments (13 units) Units | 215 Units | 396 Units | 429 Units | 526 Units |
319 Units | 4 Bedroom, 4 Bedroom Deluxe | 1 Bedroom + S, 2 Bedroom, 2 Bedroom + S, 3 Bedroom + S, 4 Bedroom, 5 Bedroom, Penthouse | 1 Bedroom, 1 Bedroom + Study , 2 Bedroom, 2 Bedroom + Study Premium Ensuite, 2 Bedroom Premium, 3 Bedroom, 3 Bedroom + Study , 3 Bedroom Premium, 4 Bedroom Premium, Penthouse Super | 1 Bedroom, 2 Bedroom, 2 Bedroom + Study , 3 Bedroom, Penthouse | TBA | 1 Bedroom, 2 Bedroom, 3 Bedroom | 3 Bedroom + Study, 3 Bedroom Villa | 3 Bedroom, Penthouse 4 Bedroom |
$1,482,000 | $7,200,000 | $1,548,000 | $1,445,300 | $2,861,200 | $3,597,750 | |||
$3,045 | $2,698 | $2,556 | $2,694 | $2,659 | $2,050 | |||
March 27th, 2024 | December 21st, 2023 | February 4th, 2024 | January 15th, 2024 | March 27th, 2024 | March 20th, 2024 | December 21st, 2023 | February 20th, 2024 | December 18th, 2023 |
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