New Launch Condo @ City Towers

New Launch Condo @ City Towers

City Towers on Bukit Road found a buyer on its fourth collective sale attempt. On Feb 7, the 79-unit freehold development was sold for $401.9 million, or $1,847 psf per plot ratio (ppr), to a buyer who did not wish to be named, says marketing agent Colliers International.

This marks a 13% premium over the owners’ reserve price of $355 million ($1,633 psf ppr), which includes a development charge of about $3.505 million for land use intensification. According to Colliers, the site attracted seven “competitive” bids.

At $1,847 psf ppr, after factoring in development charge, the land cost of City Towers is higher than the $1,840 psf ppr achieved by the collective sale of the nearby, freehold Crystal Tower in November 2017.

City Towers sits on a land plot measuring about 104,531 sq ft. Under the 2014 Master Plan, the site is zoned “Residential” with a gross plot ratio of 2.1. This means the new project can have a total gross floor area of about 219,516 sq ft. Subject to authorities’ approval, the site could be redeveloped into a 24-storey residential building with about 190 units, assuming an average unit size of 1,098 sq ft. The site is not subject to the pre-application feasibility study, says Colliers.

The existing development comprises 77 apartments and maisonettes, one penthouse unit and one shop unit. Each owner stands to receive between $2.78 million and $11.5 million, depending on the size of their property, according to Colliers.

New Launch Condo @ City Towers

New Launch Condo @ City Towers Details

Project Name TBA
AddressBukit Timah Road
DeveloperTBA
DescriptionTBA
TenureFree Hold
District10
Site Area104,531 sq ft
Gross Floor Area 219,516 sq ft
No. of BlocksTBA
No. of Storeys 24-storey
No. of Units 219,516 sq ft
No. Carpark Lots TBA
TOP TBA

 

New Launch Condo @ City Towers Location

 

New and upcoming condo at City Towers is about 900 m from Newton (NS21) North South Line Train which is 1 stop away from Orchard Prime Shopping District and 4 stops away Raffles Place. New Condo at City Towers is also just 3 train stations away from Dhoby Ghaut MRT Interchange where its future residents can make use of the Circle Line Service and North East Line Service available there. The Stevens Downtown Line Station which is 700 m away which allows easier commuting for future residents to various parts of the island. For drivers, Orchard is just 4 minutes’ drive away while it takes 7 minutes to get to Shenton Way from new condo. New Condo at City Towers is also easily connected to the Central Expressway (CTE) and the Pan Island Expressway (PIE). 

 

New Condo at City Towers is close to reputable schools such as Anglo-Chinese Primary School, Singapore Chinese Girls’ School, St. Joseph’s Institution, Anglo-Chinese Junior School and Raffles Girls’ Secondary School and Anglo-Chinese School (Barker Road). There are also 8 international schools that are within 2 km from New Condo at City Towers, namely Chinese International School, Korean Church Kindergarten, Italian Supplementary School, ISS International School (Elementary), Chatsworth International School (Orchard Campus), Overseas Family School, Finnish Supplementary School and Swedish Supplementary School. With these international education facilities nearby New Condo at City Towers will be appealing to expat families living in Singapore. 

 

For retail and dining options, there are numerous shops and F&B outlets that are located at Orchard that are just minutes away. New Condo at City Towers can also indulge in local delights at the famous Newton Food Centre or Adam Road Food Centre that is just within a short drive. These 2 food centres host a number of cooked food stalls which offers future residents at New Condo at City Towers a wide variety to choose from. 

 

New Condo at City Towers is surrounded by prestigious clubs such as The Pines Club, Tanglin Club, Raffles Town Club, The American Club and Singapore Polo Club. Its future residents can also relax by taking a short stroll or having a jog at the Singapore Botanic Gardens which is less than 1.5 km away. For those who like golf, the Tanglin Golf Course is just a short drive away. 

 

The sites in the location of City Towers are located in Central Region of Singapore, with good connectivity, proximity to good schools and lush greenery views around them make both excellent choice for both own-stay and investments.  

 

New Launch Condo @ City Towers Location

 

Amenities Near New Launch Condo @ City Towers

Connectivity

MRT Stations

Stevens MRT Station (0.7 km)

Newton MRT Station (0.9 km)

 

Bus Stops

City Towers (0.3 km)

Opp Swiss Cottage (0.4 km)

Raffles Girls’ School (0.4 km)

 

Educational Institutes

Pre Schools

Barker Road Methodist Church Kindergarten (0.5 km)
Far Eastern Kindergarten (0.8 km)
Gracefields Kindergarten (0.8 km)
Little Woods Montessori Pre-School (0.9 km)
Newton Kindergarten (1.1 km)
Montessori For Children (1.2 km)
GUG Kindergarten (1.4 km)
Thomson Road Baptist Kindergarten (1.6 km)
Derbyshire Kindergarten (1.7 km)
Christ Church Kindergarten (2.0 km)

 

Primary Schools

Anglo-Chinese Primary School (0.6 km)
Singapore Chinese Girls’ Primary School (0.6 km)
St. Joseph’s Institution (0.8 km)
Anglo-Chinese Junior primary school (1.4 km)
Balestier Hill Primary School (1.8 km)

 

Secondary Schools

Raffles Girls’ Secondary School (0.5 km)
Singapore Chinese Girls’ Secondary School (0.6 km)
Anglo-Chinese Secondary School (0.7 km)
St. Joseph’s Institution (0.8 km)
Balestier Hill Secondary School (1.8 km)

 

International Schools

Chinese International School (0.5 km)
Korean Church Kindergarten (0.7 km)
Italian Supplementary School (1.4 km)
ISS International School (Elementary) (1.6 km)
Chatsworth International (1.7 km)
Overseas Family School (1.7 km)
Finnish Supplementary School (1.7 km)
Swedish Supplementary School (1.9 km)

 

Shopping Malls

Balmoral Plaza (0.5 km)
Orchard Towers (1.0 km)
DFS Galleria Scottswalk (1.0 km)
Far East Plaza (1.0 km)
Pacific Plaza (1.1 km)
Tanglin Shopping Centre (1.2 km)
Forum The Shopping Mall (1.2 km)
Shaw House (1.2 km)
Scotts Square (1.2 km)
Wheelock (1.3 km)
ION Orchard (1.3 km)

 

New Launch Condo @ City Towers Site Plan / Facilities 

To be Updated soon!!

 

New Launch Condo @ City Towers Floor Plan

To be Updated soon!!

 

Things you might want to know more about New Launch Condo @ City Towers

New Launch Condo @ City Towers Brochure

New Launch Condo @ City Towers Showflat

New Launch Condo @ City Towers Road Location

New Launch Condo @ City Towers Price PSF

New Launch Condo @ City Towers Developer Sales