Margaret Ville Condo @ Margaret Drive

Margaret Ville Condo @ Margaret Drive

The Upcoming New Launch Condo at Margaret Drive is now called Margaret Ville Condo.

The Urban Redevelopment Authority (URA) has awarded the tender for a residential site Margaret Ville Condo at Margaret Drive in Queenstown to MCL Land (Regency), after the developer submitted the highest bid of $238.39 million. The price for Margaret Ville Upcoming Condo translates to about $998 psf on the gross floor area.

The 99-year leasehold site was made available on the Reserve List of the Government Land Sales (GLS) programme for the second half of 2016. Located near the Commonwealth MRT station and close to the Ayer Rajah Expressway, the site sits on 4,809.8 square meters and can yield a maximum allowable gross floor area of approximately 22,195 sq m, the URA said. This is equivalent to 238,905 sq feet that can be developed into about 275 homes. 

Margaret Ville New Launch Condo land parcel attracted strong interest when it was launched for sale in Nov, receiving a total of 14 bids during the tender exercise, which closed on 6 December with the top bid 7.9 per cent higher than the second-highest bid. The price of the Margaret Ville New Condo Launch at Margaret Drive exceeds those of nearby sites such as Commonwealth Towers, which cost $883 psf ppr, and Queens Peak, which cost $871 psf ppr. The breakeven price for the Margaret Ville New Condo site is likely to be in the range of between S$1,450 to S$1,550 psf and the market could be expecting a launch price of more than S$1,700 psf for this new condominium.

Margaret Ville Condo @ Margaret Drive 

Margaret Ville Condo @ Margaret Drive Details

Project Name Margaret Ville
AddressMargaret Drive
DeveloperMCL Land
DescriptionTBA
Tenure99 years
District 3
Site Area4809.8 sqm
Gross Floor Area 22,195 sq m
No. of Blocks TBA
No. of Storeys TBA
No. of Units 275
No. Carpark Lots TBA
TOP 2022

Margaret Ville Condos @ Margaret Drive Location

The advantages of Margaret Ville New Launch over the others are lower density and better-unblocked view.

 

Commonwealth MRT station and Queenstown MRT station are just 2 minutes’ walk away from Upcoming Margaret Ville Condo, residents will enjoy convenient access to the public transport. Residents will find transportation convenient and minutes to big box shopping like IKEA. Here are some hubs that will be situated close by: One North, Fusion polis and Holland Village.

 

For private transport owners of Margaret Ville Upcoming Condo, it is easily accessible to PIE via Farrer Road and AYE via Queensway. Less than 5 min drive, you will be able to both expressways.

 

Education wise, Margaret Ville Condo at Margaret Drive is known for the variety and strength of the education facilities and options. There is Queenstown Primary School, Queensway Secondary School and Anglo-Chinese School (International), Bukit Merah Secondary School, New Town Secondary School, Tanglin Trust School and Crescent Girls School.

 

 

Margaret Ville Condos @ Margaret Drive Location

 

Amenities Near Margaret Ville Condos at Margaret Drive

Connectivity

MRT Stations near Margaret Ville Condo

Queenstown MRT

Commonwealth MRT

Red Hill MRT

Holland Village MRT

 

Educational institutes

Primary Schools near Margaret Ville New Condo

New Town Primary School (0.21 km)

Queenstown Primary School (0.74 km)

Fairfield Methodist Primary School (1.81 km)

Gan Eng Seng Primary School (2.11 km)

Nanyang Primary School (2.58 km)

Blangah Rise Primary School (2.60 km)

 

Secondary Schools near Margaret Ville Upcoming Condo

Queenstown Secondary School

Crescent Girls’ Secondary School

Bukit Merah Secondary School

 

International Schools near Margaret Ville Condo Launch

Global Indian International School

Anglo-Chinese School

Tanglin Trust School

ISS International School

 

Shopping Malls near Margaret Ville New Condo

The Star Vista

Clementi Mall

IKEA Alexandra

Tiong Bahru Plaza

 

Supermarket near Margaret Ville Condo

Sheng Shiong (0.46 km)

Cold Storage (1.13 km)

Fair Price (1.23 km)

 

Margaret Ville Condo at Margaret Drive Plan / Facilities

To be Updated soon!!

 

Margaret Ville Condo @ Margaret Drive Floor Plan

To be Updated soon!!

 

Additional Information

Margaret Drive New Launch Condo

Through the GLS (Government Land Sales) in December 2016, a plot of land at Margaret Drive near to Queensway Secondary School was put up for sensitive. District 3 has recently been the highly sought after area both for the HDB housing and Private Residential Project. Therefore it is not surprising to see 14 bidders contested intensely just for this treasured parcel of land at Margaret Drive.This Parcel at Maggie Drive was sold to MCL Land after intense bidding at S$238.39 million, that actually works out to be around S$998 psf per plot ratio. It is just only7.9% higher than the next highest bidder which is Allergen Properties. This kind of site at Margaret Drive bounded by Commonwealth Avenue, located just in between 2 MRT Station: Commonwealth MRT (EW20) – 470 meters and Queenstown MRT (EW19) – 790 metres. This Margaret Drive New launch condo site is big enough to house about 275 Residential units.

 

New Launch Condo @ Margaret Drive

 

  

This site is a 99 yrs leasehold prime land at Maggie Drive comes with a site area of about 51, 773 sqft and a maximum permissible Major Floor Area (GFA) of about 238, 907sqft. Many of these aggressive bid has launch the expected breakeven point out about S$1500psf. Surely those current owners of surrounding property at Margaret Drive would be happy to notice that. New Launch Condo has been very well received in this vicinity: including the 9years old Queens has been enjoy strong rental at about $3. 50psf and new launch property like Commonwealth Tower and Queens Peak has been enjoying strong take up rate in this current sluggish market. Many positive qualities this site at Margaret Drive posses makes up for the price premium to the premium development.

 

Margaret Drive New launch condo

 The truth is those 5Room HDB close to Margaret Drive, at Strathmore Avenue, had been Transacted at $800k – $900k in the early 2017 and many would expect those at Dawson would enjoy an even more premium resale pricing. You may have already suspected what it could be.

Projects Details about New Launch Condo @ Margaret Drive

To Be updated soon.

Why New Launch Condo @ Margaret Drive?

 Excellent Location Convenient ! Convenient ! Convenient !!!The well established major road network and via ducts around Margaret Drive may easily and seamlessly get you to go where you need to be, just in a few mins.Resident of New Launch Condo @ Margaret Drive will need only 10 – 15 minutes drive to reach Holland Village and Bukit Timah area to the North. Going East is where Tanglin, Orchard and Riv-er Valley is located. Singapore One North that house Biopolis, Fusionpolis Mediapolis is merely few mins away to the West.

Not to forget that New Kick off Condo @ Margaret Get is in between 2 MRT station, operated by East West Line.

 Commonwealth MRT (EW20) – 470 meters

Queenstown MRT (EW19) – 790 meters

New Launch Condo @ Margaret Drive  is within comfortable distance to the MRT stations, the MRT network will serve Residents of New Launch Condo @ Margaret Drive well to many important locations, which could made the island feel smaller and easy to commute.

From Common-wealth MRT Station;

 2 stops to One North

2 Stops to Holland Village

3 Stops to Kent Ridge

3 Stops to Tiong Bahru

4 Stops to Jurong East

4 Stops to Outram

5 Stops to Chinatown

6 Stops to Clarke Quay

 From the New Launch Condo @ Margaret Drive, the Bus Stop at Margaret is just 90 meters away.

Amenities

 Shopping

At New Launch Condo @ Margaret Drive, there are a great deal selections of Departmental stores to visit such as: within 2km distance you will get Anchorpoint Shopping Centre, Ikea Alexandra, Holland Road Shopping Centre, Queensway Shopping Centre, Alexandra Central and Dawson Place. Slightly further away, with a 5 to 10 mins drive mega malls such as Vivocity, Great World City and Orchard area shopping belt are within reach. Home makersofNew Launch Condo @ Margaret Drive would be glad to know that Groceries are available near by; within 1km distance you can go to NTUC Fairprice at Stirling Road or NTUC Fairprice at Dawson or Sheng Siong Hypermarket at Tanglin Halt.

 Entertainment

 New Launch Condo @ Margrate Drive is so close to popular Entertainment outlets such as lifestyle groupings like Holland Village, Dempsey Hill and Rochester Park….Offering plenty choices form fine dining cuisine, everyday family restaurants, bristols, cafes, cafe….. You name they may have it…..PLUS local famous Hawker Centres such as Holland Village Hawker Centre is just around the corner. Nearby you can find good hawker food at Alexandra Village Food Centre, ABC Brickworks Food Center, Redhill Food Centre,Mei Chin Road Food Center. Wet market within reach will be Tanglin Halt Wet Market, Redhill Wet Market.

 Educational Institutes

Family with young kids at New Launch Condo @ Margaret Drive would be happy to know that there are many schools located around the estate such as Queenstown Primary School, Queensway Secondary School and Anglo-Chinese School (International), Bukit Merah Secondary School, New Town Secondary School, Tanglin Trust School and Crescent Girls School. Tertiary Institutes nearby are National University of Singapore, Singapore Polytechnic, Anglo-Chinese Junior College, MIDS UniCampus and Singapore Institute of Technology.

 Site Plan / Facilities

To Be Updated

New Launch Condo @ Margaret Drive by MCL Land is expected to provide about 275 units of residential apartments with offerings from 2 to 5 bedrooms.Further updates will be provided when available from the developer.Please do not hesitate to call Ivan So @ (+65)96319811 for updated information.

 Floor Plan

To Be Update

New Launch Condo @ Margaret Drive Get by MCL Land is likely to provide facilities such as swimming pool, BARBECUE pit, Gymnasium, lush surroundings and grand entrance. Even more details will be providing when available from Developer.

Please do not wait to call Ivan Therefore @ 96319811 for up to date information.

 About Queenstown

Queenstown is one of the planning area in District 3, which consists of 3 planning areas; Alexandra, Tiong Bahru and Queenstown. Locate near to the fringe of the Central Region of Singapore. District 3 is borders by Tanglin and Orchard, to the NorthEast, Bukit Timah and Holland to the North, with Bukit Merah to the South and finally Clementi at the West. Queenstown is the first satellite residential town to be build since the 1950s.During the early stage most houses are simple 1, 2 or 3 run flats.Queenstown planning area is bounded by the Ghim Moh, Former Tanglin Camp, Alexandra, Clementi and Ulu Pandan Canal. Queenstown consist of 16 sub planning zones namely Buona Vista, Commonwealth, Dover, Ghim Moh, Holland Drive, Kent Ridge,Margaret Drive, Mei Chin, National University, Pasir Panjang, Pasir Panjang II, Portsdown, Queensway, Singapore Polytechnic and Tanglin Halt.

The main housing areas within Queenstown include:

Princess Estate: Strathmore and Dawson.

Duchess Estate: Queenstown Centre and Margaret Drive.

Tanglin Halt: Remaining HDB flats at Tanglin Halt

Queen’s Close: Mei Ling, Portsdown Road and Alexandra Road.

Buona Vista is the last district built in Queenstown.

Dover : South of Buona Vista. I

Ghim Moh: Beside Buona Vista.

 Most if not all the Residential Estate are highly sought after.

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