The project will consist of 800 to 900 home units. This high number of homes will necessitate amenities like swimming pool, tennis court and other amenities to be built. The land at Seaside Residence received eight bids and this shows that the developers are determined to provide housing at best sites to increase demand.
Facilities Based on Site Plan for Seaside Residences
Frasers Centrepoint Homes made the highest bid at $642 million which is $858 per square foot. Therefore the breakeven price of the project should be between $1200 and $1300 per square foot and hence a selling price of between $1500 and $1600 per square foot but the price has not been released yet. It is estimated that the project will be completed around 2020 or 2021.
Seaside Residences is a recent project launched by Frasers Centrepoint Homes whose location is just next to Siglap MRT Station that is coming up in District 15. The plot of land in which the project will be built is seldom since it offers an unblocked view of the East Coast. There are many facilities at Seaside Residences waiting to be explored. There is no land in front of Seaside Residences that is to be developed. The area has lacked new condos since the year 2001 and therefore the project will attract a lot of clients.
The project will be near East Coast Parkway where residences can enjoy various amenities and Tao Nan School where children can get a decent education. The East Coast Park allows activities like cycling, relaxing at the beach and roller blade. This park also provides a lot of eateries, bistros and leisure bars to future residents of Seaside Residences. You can also take a short drive for shopping at Parkway Parade.
Seaside Views of East Coast Park Unblock
Temasek Junior College is one of the best schools in Singapore providing GCE “A” Level Curriculum located just a few kilometres from Seaside Residences. It will, therefore, provide a holistic education to students that will live in the project.
The project is also located 15 minutes away from the CBD and the Changi Airport hence convenient for car owners. Marine Parade Road offers a lot of buses for residents using public transport. Siglap Road also gives the same access and drives to the City as well. Residents will also access Singapore Expo that is 5 minutes away and trade there.
Shopping Malls and Amenities at Seaside Residences
112 Katong Shopping Mall is also a short distance from Seaside Residences and residents will enjoy ample parking space and numerous retail outlets. Residents with kids will also get access to Ngee Ann Primary School and CHIJ Katong. Victoria Junior College and Temasek Junior College will provide kids with tertiary education. There is also CHIJ Katong Convent School nearby.
From sources, it has been gathered that the land size has a total area of 67, 584 square meters which will allow an estimated 800 to 900 units to be built. There will be a variety of floor plans to cater for various styles and sizes of families.