Condo in Toa Payoh – Skies 39
For many years, condo unit in this mature estate is consider under populated given it is right in the center of Singapore. It is well connected to major expressway like CTE and PIE which just around 20 mins drive can let you reach the edge of Singapore like woodlands, Pasir Ris and Tuas. Plenty of wet markets with fresh vegetable, meat and delicious hawker food. Going to town simply take the MRT, 3 station away will be Orchard MRT station, our busiest and most famous shopping belt.
Currently, Trevista at Lorong 3 is the newest private condo after Trellis Tower at Lor 1. The 99 years lease Trevista is completed in 2011 with 590 units, while Trellis Tower is a freehold property completed in 2000 with 384 units. Average transacted price at both location is $13xx psf with highest going for $17xx psf, while rental is going at an average of $3.80 psf.
On 18 June 2015, there is another piece of land for tender. This time is at junction of Lor 4 and Lor 6, part of it is previously occupied by Mobile petrol kiosk.
Of the 14 bidder, a group that includes Evia Real Estate, Great earth and Malaysia’s Gamuda Bhd offer the highest bid of $345.86 million.
Brief detail
| Project Name | Skies 39 |
| Location | Lorong 6 Toa Payoh / Lorong 4 Toa Payoh |
| Site Area (approximate) | 130,832.1144 sqft |
| Maximum GFA [GPR] | 457,912.4 sqft [3.5] |
| Maximum Building Height | 140m AMSL |
| Estimated Dwelling Units | 535 |
| Tenure | 99 years |
Location
One of oldest town in Singapore, recently had been transform into a modern town with HDB Hub setting their headquarter here.
There are plenty of eatery in this area with people all over Singapore coming for the strong local flavour dishes.
Never mind there are plenty of factory and offices for good rental return or for own stay, going any places to work is just as convenient with major expressway just at doorsteps that going to the far end of the island take approximately 20mins drive, going to town is even nearer.
If you prefer public transport, going anywhere will be so convenient with
- Toa Payoh Bus interchange and 3 MRT line;
- Circle line,
- North South line
- Future Thomson East Coast line
Pei Chun Public School is one of the very sought after primary school here in Singapore with many others in the precinct.
For mum who like to cook, there are supermarket and so many wet market for fresher option.
Prices
On 23 Jun 2015, the site has been awarded to group comprising; Maxdin Pte Ltd, Evia Real Estate (7) Pte Ltd and Gamuda Berhad at the price of $345,860,000.
Including Construction cost and profit, it is expected to sell above $1,400 psf.
Sale of unit expected to be 3rd quarter of 2016 and If they want to do well in this current market, very much will depends on the idea of the overall design including unit layout, marketing and pricing strategy from the developer.
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