[vc_row][vc_column][vc_empty_space][vc_column_text]Back in 2020, URBAN Redevelopment Authority tenders for a 99-year leasehold private housing sites along Irwell Bank Road near Great World City which drew seven bids. The highest bid came from City Developments (CDL), was at nearly S$583.89 million or S$1,515.10 per square foot per plot ratio (psf ppr).
The second-highest bid, from a consortium comprising Far East Organization, Sino Group and Sekisui House, came in at S$560.1 million or S$1,453.37 psf ppr. Frasers Property Jade bid S$527.98 million or S$1,370.01 psf ppr. The lowest bid, from Winvale Investment, was nearly S$409.89 million or S$1,063.60 psf ppr.
The 137,632.6 sq ft site at Irwell Bank Road is in prime District 9 and has a maximum gross floor area of 385,379.9 sq ft. The new development is expected to yield about 445 units. The site is close to the upcoming Great World MRT Station on the Thomson-East Coast Line, Great World City shopping mall, and the Orchard Road shopping belt.
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According to Nicholas Mak, head of research and consultancy at ERA Realty, bidders displayed strong confidence in the site’s attributes, despite the fact that there are 16 upcoming new launches in the Core Central Region, with some 2,600 units that could be launched this year.
“The median transacted prices of 99-year leasehold condo in the vicinity range between $2,680 psf and $2,860 psf. With a land rate of $1,515 psf ppr for the Irwell Bank Road site, the developer could earn a reasonable profit if the future condo on this site is launched at the current condo prices,” says Mak.
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Irwell Hill Residences takes its name from the address it is sited at. By association with Irwell Bank Road and its immediate surroundings, it is redolent of prestige. The choice of including ‘Hill’ in the name also connotes a sense of elevation.
[/vc_column_text][vc_column_text]Everything you need to know about Irwell Hill Residences Condo is right here. Includes specifications, floor plans, site map, unit distribution chart, location, building perspective, availability and prices, Check Here
Read More - https://www.singaporepropertyadvisors.guru/property/irwell-hill-residences/[/vc_column_text][vc_empty_space height="8px"][vc_column_text][content_block id=12982][/vc_column_text][vc_column_text]Key highlights:
- Within prime District 9
- Close to the upcoming Great World MRT Station
- Vibrant neighbourhood
[/vc_column_text][vc_empty_space height="8px"][vc_column_text][content_block id=12984][/vc_column_text][vc_column_text]District: 9
Developer: CDL
Tenure: 99 Years
Units: 540[/vc_column_text][vc_empty_space height="8px"][vc_column_text][content_block id=12987][/vc_column_text][vc_column_text]Why Should you Choose Irwell Hill Residences
Brand New Iconic 2 towers of 36-storey residential development in District 9.Units are generally facing north-south orientation.
Designed by awards winning Architect – MVRDV (Concept Architect) and ADDP (Principal Architect). The two towers are positioned apart and staggered to avoid overlooking and to maximise views from eachunit.
Wide range from studio apartments to 4-bedroom Premium units and 3 exclusive Sky Penthouses. Curated communal spaces with expansive landscape cater for work, life, play and fitness. Provision of luxurious fittings and branded equipment. Provision of Premier Residential Services. Provision of Smart Home features. Unique landscape that sits within multi levels, with the pool, boardwalk, spa, etc.[/vc_column_text][vc_empty_space height="8px"][vc_column_text][content_block id=12975][/vc_column_text][vc_column_text]City Developments Limited (CDL) is a leading global real estate company with a network spanning 106 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.With a proven track record of over 55 years of experience in real estate development, investment and management, the Group has developed over 46,000 homes and owns over 24 million square feet of gross floor area in residential, commercial and hospitality assets globally. Along with its London-based hotel arm, Millennium & Copthorne Hotels Limited (M&C), the Group has 156 hotels and 45,000 rooms worldwide, many in key gateway cities.[/vc_column_text][vc_empty_space height="8px"][vc_column_text][content_block id=12986][/vc_column_text][vc_column_text]Irwell Hill Residences is coming to you soon in March and you can come down to see our 𝖲𝗁𝗈𝗐𝖿𝗅𝖺𝗍 via registered appointment.[/vc_column_text][vc_column_text]keywords- Irwell Hill Residences, new launch, new condo launch, irwell hill residences, irwell hill, irwell hill residences cdl, irwell hill residences singapore, review irwell hill residences, honest opinion irwell hill residences, irwell hill residences price, Irwell Hill Residences CDL, Kent Ridge Hill Residences[/vc_column_text][/vc_column][/vc_row]
