New Launch Condo @ Katong

New Launch Condo @ Katong

The 99-year leasehold Katong Park Towers condo have been snapped up by property developer Bukit Sembawang Estates for S$345 million.

Katong Park Towers has been put up for collective sale with a reserve price of S$288 million or about S$1,165 per square foot per plot ratio, according to Cushman & Wakefield, the appointed agent for the property. The minimal development charge for New Launch Condo at Katong is about S$5.6 million for the additional 10 per cent bonus balcony and an estimated lease upgrading premium of some S$51 million, Christina Sim, director of capital markets at Cushman & Wakefield, said on Wednesday (Jan 31).

The residential development sits on a 99-year leasehold residential site with a land area of 13,076.9 sq m (about 140,758 sq ft). New Condo Launch at Katong is located at 114A Arthur Road, about 200m from the future Katong Park MRT Station, which is expected to be completed in 2023.

New Launch Condo at Katong is zoned for residential use under the 2014 Master Plan, with a plot ratio of 2.1 and a maximum building height of up to 24 storeys. Subject to approval from the relevant authorities, the site can potentially yield about 388 apartment units based on an average size of 70 sq m per unit, Cushman & WakeField said.

According to Ms Sim, Katong Park Towers offers a compelling opportunity for the development of an exclusive condominium in an affluent and well-heeled neighbourhood within the charming heritage town of Katong. The site is also within close proximity to Chung Cheng High School, Dunman High School and the Canadian International School.

Other aspects that make Mr. Seng view the New Condo Launch at Katong as having great potential is its high connectivity, the area’s rich heritage, as well as its rejuvenation initiatives as per the Kallang Master Plan.

He has expressed confidence that theirs will be another addition to their portfolio of high quality developments. As is normal, the Strata Titles Board has to give a nod to the sale.

New Launch Condo @ Katong

New Launch Condo @ Katong Details

Project Name TBA
Address Katong
DeveloperBukit Sembawang Estates
Description TBA
Tenure 99 Years
District15
Site Area140,758 sq ft
Gross Floor Area 295,592 sq ft
No. of Blocks TBA
No. of Storeys 24
No. of Units TBA
No. Carpark Lots TBA
TOP TBA

New Launch Condo @ Katong Location

 

New and Upcoming Condo at Katong is approximately 300 m away from Katong Park MRT Station which will start operating in 2023. As of current, New Condo at Mountabtten Road is approximately 1 km away from Mountbatten Train Station which operates the Circle Line. Future residents of New Condo at Mountbatten Road can take a short walk to Mountbatten Road which has bus services that will bring them directly to the train station. The Mountbatten Train Station is also just 2 stops away from Paya Lebar Train Interchange where the East West Train Services are easily available. New Condo at Mountbatten Road is just a short distance to the main Mountbatten Road which links to Fort Road and the East Coast Parkway (ECP). This allows 6 minutes of drive to access to the Shenton Way from New Condo at Mountbatten Road and 7 minutes of drive to the Orchard Shopping Belt. The ECP also allows future residents to easily connect to various major expressways such as the Kallang Paya Lebar Expressway (KPE), the Pan Island Expressway (PIE) and the Ayer Rajah Expressway (AYE) which makes driving to various parts of the island a breeze. 

 

In terms of amenities, New Condo at Katong is a short drive away from Leisure Park Kallang where a wide selection of eating, shopping and leisure facilities can be found such as supermarket, food court and cinema. Upcoming Condo Launch at Katong is also close to the upcoming malls such as the new Sports Hub Mall, Pavilion Square, The Flow and One KM (Katong Regency) where its future residents can look forward to endless choices when they are completed. Other shopping malls that are within Upcoming Condo at Katong Road vicinity include Parkway Parade, Katong Village, I12 Katong, Katong Shopping Centre and The Odeon Katong. When feeling to indulge in local delights, residents of New Condo Launch at Katong can drive down to any of the 6 Food Centres nearby namely, Jalan Batu Block 4A Market & Food Centre, Old Airport Road Block 51 Market & Food Centre, Kallang Estate Fresh Market & Food Centre, Dunman Food Centre, Haig Road Market & Cooked Food Centre and also 84 Marine Parade Central Market & Food Centre. 

 

Education facilities that are within short radius from New Condo Launch at Katong include Kong Hwa School, Tanjong Katong Primary School, Dunman High School, Chung Cheng High School (Main), Broadrick Secondary  School, Northlight School, Tanjong Katong Girls’ School and Tanjong Katong Secondary School. 

 

New Launch Condo @ Katong Location

 

Amenities Near New Launch Condo @ Katong

Connectivity

MRT Stations

Mountbatten MRT Station (0.95 km)

Dakota MRT Station (0.95 km)

Stadium MRT Station (1.46 km)

 

Educational Institutes

Primary Schools

Kong Hwa Primary School (1.26 km)

Tanjong Katong Primary School (1.51 km)

 

Secondary Schools

Dunman High (0.55 Km)

Chung Cheng High School (0.68 Km)

Broadrick Secondary (0.82 km)

 

International Schools

Etonhouse International School (0.7 Km)

Canadian International School (1.14 Km)

Chatsworth International School (1.26 Km)

 

Shopping Malls

Leisure Park Kallang (1.33 Km)

Katong Shopping Centre (1.5 Km)

Katong V (1.7 Km)

 

New Launch Condo @ Katong Site Plan / Facilities 

To be Updated soon!!

 

New Launch Condo @ Katong Drive Floor Plan

To be Updated soon!!

 

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

New Launch Condo @ Katong Brochure

New Launch Condo @ Katong Showflat

New Launch Condo @ Katong Location

New Launch Condo @ Katong Price PSF

New Launch Condo @ Katong Developer Sales