It was reported in our de facto business newspaper today that Hoi Hup have sold 19 freehold cluster homes at The Whitley Residences at about $5 million each during a preview on Sunday. The average price is about $850psf on strata area - after a 12% discount and absorption of the standard 3% buyer's stamp duty.
All the buyers were Singaporeans. Non-Singapore citizens need permission from the Land Dealings (Approval) Unit to buy units in the development, as it is a form of landed housing.
The units sold comprise a corner terrace and 18 semi-detached houses. The semi-Ds fetched $4.9 million (for a unit with a strata area of 6,125sqft) to $5.12 million (for a 6,071sqft unit). The 6,620sqft corner terrace sold for $4.85 million.
Cluster housing developments are landed homes that have shared condo-like facilities. At The Whitley Residences, these will include a clubhouse, pool, gym, hot spa and playground.
The District 11 project is near the upcoming Mount Pleasant MRT Station under the Thomson Line. All 61 units in the development span four levels, including a basement and attic, and each has its own lift.
The project comprises 58 semi-Ds and three terrace homes - all with five bedrooms.
Strata areas of the semi-Ds are 5,156sqft to 7,190sft. Following the sale of a corner terrace unit, the remaining corner unit of 6,448sqft (priced at $4.8 million) and a 4,801sqft intermediate terrace house costing $4.3 million are available.
Strata area includes car parking area, private enclosed space lift, void areas and roof terrace.
For its preview, Hoi Hup released 27 semi-Ds and all three terrace units.
This is definitely one project that the wife and I are interested to go have a look-see. For the uninitiated, the site that The Whitley Residences sit on is supposedly the largest freehold land site in District 9, 10 and 11 since the 1950s, with grounds exceeding 130,000sqft. The project also has the honor of being the first ever landed housing estate in Singapore to achieve the top-tier Building and Construction Authority (BCA) Green Mark Platinum Award.
Here are more details about The Whitley Residences for those who are interested:
Name: The Whitley Residences
Location: 141 Whitley Road
Developer: Hoi Hup Realty Pte Ltd
Est. TOP: 31 Dec 2017
Total Units: 58 strata Semi-Detached & 3 Strata Terraces
Car Park: Basement Parking (private & visitor parking lots)
|MRT Stations & Schools:|
0.4 km: Mt Pleasant MRT Thomson Line (Due 2021)
0.87 km: Novena MRT
0.99 km: Bukit Brown MRT Circle Line U/C
Schools & Institutions
0.80 km: Anglo-Chinese School (Primary)
0.77 km: Balestier Hill Primary School
0.97 km: CHIJ Primary (Toa Payoh)
1.17 km: Singapore Chinese Girls' School (SCGS)
1.17 km: Singapore Chinese Girls' Primary School (SCGPS)
1.65 km: Marymount Convent School
1.74 km: Kheng Cheng School
1.85 km: Anglo-Chinese School (Junior)