Kent Ridge Hill Residences Price List
Kent Ridge Hill Residences site was launched on 31 October 2017 and was bought over by Oxley Developer at $350 million.
Kent Ridge Hill Residences (Former Vista Park) owners are eyeing at least $350 million, which means each unit owner could pocket $1.16 million to $3.5 million – a premium of over 60 per cent to what they could otherwise fetch by selling individually in the open market.
Teakhwa Real Estate, which is marketing the 209-unit Vista Park in South Buona Vista Road, said the estate’s immediate surroundings are a key selling point.
Kent Ridge Hill Residences (Former Vista Park) is at the edge of Kent Ridge Park and faces the sea. Set in lush greenery, the site offers the prospect of a “nature and wellness” themed residential development. It is about a seven-minute walk from Pasir Panjang MRT station.
Including the estimated lease top-up premium of about $66 million, the land rate is said to be approximately $932 per sq ft per plot ratio (psf ppr), which can be pared down to about $903 psf ppr after factoring in the bonus balcony gross floor area (GFA). This compares favourably with the land rate of $969 psf ppr transacted for Normanton Park estate near Kent Ridge Park, Mr Sieow said.
Kent Ridge Hill Residences (Former Vista Park) spans 319,250 sq ft and has about 61 years left on its lease. The site has a plot ratio of 1.4 and allowable height of up to five storeys, translating to a potential GFA of about 446,951 sq ft.
This could yield around 530 apartments of about 800 sq ft per unit for the new residential development, subject to approval. The tender closes on Dec 13.
We are still in the process of planning and paying our full focus over some details over the development to ensure all are in place for a successful launch.
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