FORMER TULIP GARDEN

tulip garden

Tulip Garden was sold en bloc in April 2018 at a price of $906.9m. It was the fourth time lucky for the 162 owners.

With a land size of 306,178sf and a plot ratio of 1.6, the price works out to $1,790 per sq ft per plot ratio (psf ppr). This price is higher than $1,703psf ppr for Hollandia, $1,654 psf ppr for Estoril and $1,536 psf ppr for Wilshire.

Based on Edgeprop’s estimate, the break even price is about $2,387psf. The likely launched price for the expected 670 units will be about $2,700-2,800psf. Wilshire Residences (former Wilshire), with 85 units, is selling around $2,6xxpsf.     

The future development at Tulip Garden is conveniently located in an exclusive upscale town area in District 10, nestled within an affluent and tranquil neighborhood. The site is located at the fringe of an exclusive Good Class Bungalow area and is surrounded by condominiums and landed houses.

The development enjoys superb transport connectivity. It is within minutes’ walk to Farrer Road MRT station and Holland Village MRT station and well connected to the PIE and AYE expressways, providing excellent connectivity to the rest of Singapore.

An array of dining, shopping and entertainment amenities at the nearby Holland Village and Dempsey Hill. The site also enjoys convenient access to a wide variety of amenities at Empress Road, Bukit Timah and Orchard Road shopping belt.

Several prestigious schools such as Nanyang Primary School, Raffles Girls’ Primary and ST Margaret’s Secondary School are in the vicinity.

The upcoming development offers a wide selection of 1- to 4-bedroom units.

The development is jointly developed by MCL Land Ltd and Yanlord Land Group Ltd.

mcl land

MCL Land is a leading residential developer that constantly innovates in the pursuit of excellence and dedicated to delivering superior customer satisfaction. They continually refine their ideas so they evolve into practical and smart home solutions. They also believe in creating long-term value for their homeowners – through spaces that not only enables them to connect with their loved ones, but also with others who live and play in the same community.

Over the past 50 years, they have established a legacy of building quality homes in both Singapore and Malaysia. They are a member of the Jardine Matheson Group under Hongkong Land Holdings, which has an extensive portfolio of prime residential properties in Hong Kong, Singapore, Malaysia, China, Vietnam, Philippines, Indonesia and Thailand.

Some of their notable developments include Parvis, The Estuary, UBER 388, Este Villa, Terrasse, Palms @ Sixth Avenue, Hallmark Residences, Ripple Bay, J Gateway, LakeVille, Sol Acres, Lake Grande, Margaret Ville and Parc Esta.

Yanlord

Yanlord Land Group Limited is a real estate developer based in the PRC that focuses on developing high-end residential, commercial and integrated property projects in strategically selected key high-growth cities in the PRC. Building on its established track record for developing high-end quality residential property developments in prime locations within affluent cities such as Shanghai and Nanjing.

The “Yanlord” name has been developed into a premium brand synonymous with quality within the property development industry. Typically, Yanlord residential property developments are characterized by large-scale, multi-phased projects designed and built by international architects, leading designers and reputable contractors.

To fuel the sustained growth of the Group, Yanlord has adopted a prudent and calculated expansion strategy in expanding its existing land bank. Leveraging on its experience in various cities where its operations are based, Yanlord actively seeks to secure commercially viable prime land bank in city-centric locations that will provide additional growth impetus for the Group. As at the end of 2017, Yanlord has a total land bank of approximately 6.74 million sqm.MCL Land is a leading residential developer that constantly innovates in the pursuit of excellence and dedicated to delivering superior customer satisfaction. They continually refine their ideas so they evolve into practical and smart home solutions. They also believe in creating long-term value for their homeowners – through spaces that not only enables them to connect with their loved ones, but also with others who live and play in the same community.

Over the past 50 years, they have established a legacy of building quality homes in both Singapore and Malaysia. They are a member of the Jardine Matheson Group under Hongkong Land Holdings, which has an extensive portfolio of prime residential properties in Hong Kong, Singapore, Malaysia, China, Vietnam, Philippines, Indonesia and Thailand.

Some of their notable developments include Parvis, The Estuary, UBER 388, Este Villa, Terrasse, Palms @ Sixth Avenue, Hallmark Residences, Ripple Bay, J Gateway, LakeVille, Sol Acres, Lake Grande, Margaret Ville and Parc Esta.

SELLING POINTS:

 

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