A first new project with sea views that will be built along East Coast Parkway in 15 years is going on sale soon! The East Coast plot housing the project was the first government land sale site along the ECP since 2001.
Frasers Centrepoint Singapore is launching the Seaside Residences condominium at the end of April this year. They led a consortium to win the contested tender for the 207,847 square feet plot for $624.18 million, January last year. According to them, the units at Seaside Residences are being designed to maximize the sea views with 70% of its units are orientated towards the sea.
This development will have four 27-storey blocks that will consist of 843 units that will range from 1- to 5-bedroom types and penthouses, with floor areas between 424 square feet and 2,690 square feet. The project will also have a 115m-long infinity pool and a sky terrace.
A Frasers Centrepoint Singapore chief executive called the project “a unique development that will cater to home buyers seeking a seaside home outside the bustling city centre”.
Analysts expect strong demand for the units, with its rarity and attractive quality of the site. It is just next to the Victoria School and less than 1 kilometer from the ECP and just a 3-minute walk to the upcoming Siglap MRT station.
The head of South-east Asia research at Edmund Tie and Co, Dr Lee Nai Jia, expects strong buyer interest as there have been no new sites at the East Coast since 2001. “Based on what we see historically, demand for developments in these mature estates tends to be very high. One example is Gem Residences, which sold about half its units in a day before the public launch…” He added.
The Seaside Residences have a rare combination of sea views and proximity to the future Siglap MRT station on the Thomson-East Coast Line, which runs around the city and is set for completion in 2023.