The second quarter of 2017 was special for the Urban Redevelopment Authority of Singapore. It sold a massive plot of vacant land in Stirling Road for residential development successfully. This transaction plays an important role in the Government Land Sales program. The residential plot is surrounded by Angora Close and Stirling Road. It is in close proximity to the Commonwealth Avenue. Doesn’t this sound like an ideal destination for a property investment?
The Stirling Residences project belongs to the Queenstown Planning Area. At a centrally located destination, Queenstown is renowned for its real estate projects. The site for sale covers 227,000 square feet of land and it will hold more than 1200 residential units as reported by the official figures. Indeed, this is a dream home project for many Singaporeans looking to stay up close to the city centre.
The Names behind Stirling Residences
The battle in securing Stirling Residences was tough and it was won by Logan Property and Nanshan Group for a billion dollars. According to sources, this is the biggest bid price for a residential project in the region. The top winning bid was led by a consortium, established between Nanshan Group Singapore and the Longan Property from Hong Kong. The current value of this project translates to $1,050 Singapore Dollars for every square foot. In the next few months prior to the official launch, the break-even price will range between $1500 and $1750 Singapore Dollars.
What makes Stirling Residences Special?
There are many benefits from investing in this brand-new residence. For instance, the project is developed opposite a famous condominium known as “Queens”. And, it is under development in Stirling Road. This spot is known for its upcoming residential development projects. This includes famous names like Echelon, Anchorage, Alexis, Metropolitan and Ascentia Sky. Two more important developments nearby would be Queens Peak and Commonwealth Towers. All these projects depict style and luxury. If you are planning to invest in a place that exudes splendor, luxury and space – Stirling Residences is certainly the top choice.
Connectivity around Stirling Road
Anything and everything your family requires are situated in Stirling Road. You can walk to the legendary Queenstown MRT station as your connectivity to the East-West Line. Residents here will have no trouble in traveling around Singapore when you can reach places as far as Redhill Station, Kent Ridge station, Dolby Gaut MRT Interchange and Orchard MRT Station easily. Stirling Residences is located conveniently in the Central Region to begin with and all residents will be able to drive to Orchard shopping District in less than 7 minutes and the Central Business District in less than 8 minutes.
If you wish to travel far, you can reach the Ayer Rajah Expressway (AYE) via Alexandra Road. In simpler terms, you will have no connectivity hitches from where your home is.
Important Amenities around Stirling Road
Moving on, you have so many entertainment and shopping options right around Stirling Residences. You will be able to reach important shopping centers at Queenstown, IKEA Alexandra and Anchorpoint in less than a kilometer. If you want good food, you have Mei Chin Road Food Centre too!