Uptown @ Farrer

Uptown @ Farrer is a mixed-used development that is attractively located right beside Farrer Park MRT station and in front of City Square Mall. Upon completion, the development will provide 116 units of flats (23 storeys), 240 units of serviced-apartments (18 storeys), two levels of car park, and 500 sqm of commercial space.

Uptown @ Farrer Farrer Park Facade 2

Uptown @ Farrer Location

In addition to the convenience of Farrer Park MRT station, within the ~2km radius of Uptown @ Farrer include Plaza Singapura, Bugis Junction, Novena Square, Newton MRT station, Tan Tock Seng Hospital and Singapore Sports Hub! The location is unbeatable due to its proximity to so many areas of interests!

Uptown @ Farrer Farrer Park location

For investors, there is no lack of tenants due to the short walking distance to Farrer Park MRT station, and the typical tenant profile ranges from white collared workers who work in the CBD, staff working in the retail industry at the Orchard/Bugis belt, to healthcare staff working in the medical suites in Novena.

Nearby Amenities

Category Nearby Amenities Approximate Distance
Train Stations Farrer Park (NE8) 0.1km
Bus Stop Opp Farrer Park Station (Bus: 141)
After Race Course Rd(Bus: 131, 141)
0.1km
0.1km
Supermarkets Fairprice (City Square Mall)
Prime (803 King George’s)
Sheng Siong (108 McNair Road)
Cold Storage (Bugis Junction)
0.2km
0.8km
1.1km
1.5km
Shopping Malls City Square Mall
Mustafa Centre
Kitchener Complex
The Verge
Sim Lim Square
Albert Complex
Bugis Village
Fortune Centre
Bugis+
Bugis Junction
Novena Square
0.2km
0.3km
0.8km
1.0km
1.1km
1.2km
1.4km
1.4km
1.5km
1.5km
1.5km
Education Institutions Preschool
Khalsa Kindergarten
PCF Moulmein Blk 10
MOE Kindergarten @ Farrer Park
Foochow Methodist Church Kindergarten
Kampong Kapor Methodist Church Kindergarten
PCF Jalan Besar Blk 806
PCF Kampong Glam Blk 462-3
NAFA Arts Kindergarten (Derbyshire)
Thomson Road Baptist Kindergarten
Newton Kindergarten
0.4km
0.4km
0.5km
0.6km
0.6km
0.8km
1.1km
1.1km
1.2km
1.6km
Primary
Farrer Park Primary School
Stamford Primary School
Hong Wen School
Saint Joseph’s Institution Junior
Bendemeer Primary School
Saint Margaret’s Primary School
Anglo-Chinese School (Junior)
Balestier Hill Primary School
0.5km
1.0km
1.0km
1.2km
1.5km
1.6km
1.6km
1.9km
Secondary
Northlight School
Bendemeer Secondary School
Balestier Hill Primary School
School of the Arts, Singapore
CHIJ Katong Convent
0.7km
1.4km
1.6km
1.6km
1.9km
Junior College
St. Andrew’s Junior College 2.5km
Tertiary
Nanyang Academy Of Fine Arts
Singapore Management University
1.5km
1.8km
International
Insworld Institute
Italian Supplementary School
0.8km
1.4km
Food Centre Berseh Food Centre
Pek Kio Market And Food Court Centre
Tekka Market
Bendemeer Road Block 29 Market And Food Centre
Whampoa Drive Market & Food Centre
North Bridge Road Market & Food Centre
Albert Centre Market and Food Centre
Golden Mile Food Centre
Newton Food Centre
Upper Boon Keng Road Block 17 Market & Food Centre
Geylang Bahru Block 69 Market And Food Centre
0.6km
0.7km
0.8km
1.2km
1.2km
1.3km
1.3km
1.6km
1.7km
1.9km
1.9km
Lifestyle Singapore Khalsa Association
Civil Service Club @ Tessensohn
Chinese Recreation Club
People’s Association HQ
Singapore Indian Association
Jalan Besar Stadium
Ceylon Sports Club
Kampong Glam Constituency Sports Club
St Wilfred Sports Complex
Kallang Water Sports Centre
Safra Clubhouse – Toa Payoh
0.4km
0.4km
0.5km
0.6km
0.6km
0.7km
0.7km
1.4km
1.6km
1.9km
1.9km

Uptown @ Farrer Specifications

Project Name: Uptown @ Farrer
Address: Perumal Road
Developer: Low Keng Huat (Singapore) Limited
District: 8
Tenure: 99 years
No. of blocks TBA
Total no of Units: 116 units of flats (23 storeys) & 240 units of serviced-apartments (18 storeys), and 500 sqm of commercial space.
Facilities TBA
Site area: 3,847.8 square metres/ 41,417 square feet
Expected TOP: TBA
Architect TBA

Site Plan

To be advised

Unique Features

  • Uptown @ Farrer is an integrated development with residential units, serviced apartments, hotel and 1st floor commercial unit
  • 68 steps to Farrer MRT station and 2 stops away from Dhoby Ghaut interchange
  • Newton, Bugis, Novena and Kallang are within 2km radius!
  • Close proximity to CBD
  • Within 5 mins walk to City Square Mall
  • Easy access to NTUC supermarket, Golden Village cinema and many other child friendly amenities at the mall
  • Hot Location for all investors
  • Huge tenant pool
  • Reputable developer and main contractor (Dragages Singapore Limited)

Photo Gallery

Uptown @ Farrer Farrer Park Facade

Uptown @ Farrer Floor Plans

TBA

Unit Mix

TBA

Uptown @ Farrer Official Pricing

In Jan 2017, URA awarded the Government Land Sale to top bidder Low Keng Huat (Singapore) Limited at the price of SGD174m, which translates into 1,000 psf of GFA. There were a total of 11 bids, largely due to the developers’ interest to replenish their land banks and the reduced availability of land offered under the Government Land Sale programme in recent years.

Uptown @ Farrer Farrer Park GLS pricing

Based on the land cost, and the relatively more complex construction costs (given that the site is built on a densely built up area), the estimated average selling price is expected to be above 1,700psf.

Register now to obtain first hand updates on the pricing based on your choice units!

About the Developer

Low Keng Huat (Singapore) Limited (“LKHS”) is a builder established since 1969, and is listed on the Singapore Stock Exchange (SGX). Today, its business has grown to encompass building construction, property development, hotels and investments.

The Company is one of the largest general building and civil engineering companies in Singapore in terms of capital employed. It is an A1 registered general building contractor, the highest grade under the Building and Construction Authority of Singapore classification, and is qualified to tender for public sector contracts with unlimited tender sums .

Complementing the construction activity is the Company’s property development business in Singapore and Malaysia.

In addition, LKHS owns and operates deluxe hotels in Perth (Australia) and Ho Chi Minh City (Vietnam) under the in-house brand Duxton Hotel. Its other hospitality-related business is food & beverage business in Singapore. Among its investment portfolio are investment properties in Singapore, Malaysia and China.

Projects which have been managed by LKHS include the following:

  • Mandarin Gallery
  • South Bank
  • Hard Rock Hotel
  • nex Mall
  • The Chuan
  • Twin Regency
  • Domain 21
  • Novena Square Extension
  • One-North Residences
  • The Minton
  • Paya Lebar Square (under construction)

About the Main Contractor

Dragages Singapore landed in Singapore with its first project – Newton MRT Station, in 1984. Since then, the company has been involved in a range of landmark projects, playing a pivotal role in shaping a better country for Singapore.

With a track record of successful projects, Dragages Singapore is recognized as a pioneer in its industry, spearheading new construction techniques and technologies across its building and energy-efficiency solutions. Focusing on continuous innovation, Dragages Singapore has successfully developed and implemented Design for Manufacturing and Assembly (DFMA) system to its projects which is in line with the Singapore Government initiative and direction towards the industrialisation of construction industry and using less manpower through the application of Prefabricated Prefinished Volumetric Construction (PPVC) system and the implementation of MEP Modular System.

As part of a globally-respected network of construction-related companies in Bouygues Construction, Dragages Singapore has the support, resources and technical know-how to complete the most technically demanding projects.

Register Interest Now

Uptown @ Farrer is expected to open for viewing in September 2018. REGISTER NOW for an appointment at our showflat and enjoy VIP pricing direct from the Developer! No agent commission required!

Registration Form
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Great location
  • Location
5

Summary

This is a rare site to be launched in the vicinity and will be one of the final opportunities for buyers to pick up a competitively priced new project which is located right next to a MRT station and near to so many places of interest.

 


Property News and Updates

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Powerhaus
Powerhaus
With a cost of $1515psf ppr, and estimated construction/marketing cost of $500psf, the average breakeven price is about $2015psf.

Do you know that some of the 1 bedders are selling close to breakeven price (from $2087psf) at the initial launch stage?

Logically, do you think it will stay that way for long? If you're the developer, will you maintain breakeven price throughout the sale of the development?

If you would like more info on One Pearl Bank, just PM me. Even if you just want to kaypoh, I'm ok with that 😄

https://www.businesstimes.com.sg/real-estate/one-pearl-bank-condo-draws-4000-in-turnout-during-weekend-preview
Powerhaus
Powerhaus
Just last month, there was a news article on a Singapore family buying a property for each of his 5 kids. He managed to do so by acting on the advice by our Executive Director Mr Kelvin Fong. Are you curious how they did it? Come find out!

Admission is free and dinner is provided. You may leave anytime during the session. RSVP with me if you would like to learn how to be successful like this family!

https://www.straitstimes.com/business/invest/setting-up-home-one-for-each-of-his-5-kids
Powerhaus
Powerhaus
The iconic One Pearl Bank is going for only $2,087psf upwards! That's equivalent to the pricing for Woodleigh Residences, but you get a much more iconic condo in a much more central location. Cheque collection in progress now for next weekend launch balloting. Give me a ping if you would like to be one of the first to choose a good unit!
Powerhaus
Powerhaus
Tip of the day:
When you buy your next property for investment, you must ALWAYS have an exit strategy. Buying is easy! Cheap is good... but does it always mean that you will make money when you buy cheap?

Let me give you an example:
There are many investors who buy overseas properties to avoid ABSD. So let's say you are considering to invest in a condo in JB. You would probably be looking out for units directly sold by developers. Did the thought of buying a resale JB condo ever cross your mind?

Consider this, if it hasn't crossed your mind, how many Singaporeans do you think are considering JB resale condos? If you haven't thought through about this, your money might just get stuck there!

Before you commit to the purchase, ask yourself this question:
Is there an active market that will buy from you in future?

If you have something in mind and would like a 2nd opinion, feel free to check with me!
Powerhaus
Powerhaus
NEW LAUNCH VS RESALE
Last week, I've posted this question - in 2015, which will you buy?
A) A cheaper resale level 9 unit (The Quartz) right next to Buangkok MRT; or
B) A more costly new level 9 unit (Kingsford Waterbay) which is more than 10 mins walk from Buangkok

Time to reveal the answer now!
Undoubtedly, The Quartz was more value for money! It's right next to the MRT, and you can move in immediately! For investors, it also means immediate rental income. So it's a no brainer! Or so it seems...

But value for money doesn't always mean higher capital appreciation. In the context of an investor in the stock market, the share price of Stock A may be lower than Stock B, but it doesn't mean that Stock A's prices will rise faster than Stock B!

Would it be ok to discover something new?

Based on actual transactions at The Quartz, #12-10 was sold at $60k higher in 2018 than #09-10 in 2015.
At Kingsford Waterbay, #03-07 was sold at $255k higher in 2018 than #09-07 in 2015.

To put things in context, if you had bought #09-07 at Kingsford Waterbay in 2015, you could have sold it in 2018 and made a profit of at least $255k. You can use this profit to buy a resale HDB flat nearby and take only 50% mortgage!

Would it be ok to buy a condo and feel less stressed about it? Don't forget that due to the nature of progressive payments for Kingsford (or any other new launches), your monthly installments prior to TOP are very low (could be only a few hundred bucks in the first 2 years).

Is this unique to Kingsford Waterbay? Not really... We see similar patterns across Singapore (as shown in the charts below). I would like to make special mention for Coco Palms vs NV Residences because while Coco Palms is newer, the lease of its land started in 2008, which is the same time as NV Residences!

Why do you think prices behave this way? Are there cases where prices underperformed even when buyers bought at launch? I welcome comments below 😄
Powerhaus
Powerhaus
NEW LAUNCH VS RESALE
NEAR MRT VS NOT NEAR MRT

I usually ask my clients this question (and you might have already seen this from my previous sharing). If we can turn back time to 2015, and you had 2 properties to choose from, which one will you buy?

1) The Quartz
TOP 5 years ago
Right next to Buangkok MRT station
#09-10 @ $1.1m ($955psf)
Ready to move in immediately

2) Kingsford Waterbay
New launch under construction. TOP in 2018.
More than 10 mins walk to any MRT station. Nearest is Hougang or Buangkok.
#09-07 @ $1.111m ($1,110psf)
Must wait 3 years before you can stay or rent out

Leave your comment here, and I will reveal the 2018 prices for these projects in my next post!