Review Of The Garden ResidencesKeppel Land is the property arm of Keppel Corporation, a multi-business company providing robust solutions for sustainable urbanisation, with key businesses in offshore and marine, property, infrastructure and investments. As for local schools, The Garden Residences is close to Rosyth School, Zhonghua Primary School, Chij Our Lady Of Good Counsel, Xinmin Primary School, Da Qiao Primary School, Hougang Primary School, Serangoon Garden Secondary School, Bowen Secondary School, Peicai Secondary School, Xinmin Secondary School, Chong Boon Secondary School, Hougang Secondary School , Serangoon Junior College and also Nanyang Junior College.
The top bid for this highly competitive site for The Garden Residences site reached an impressive $446.28 million from the Joint Venture Developers, the garden residences worthy also to note with the second-highest bid of $418.7 million having been placed by Frasers Centrepoint's FCL Residences.
The Garden Residences features a spread of 613 garden units from 1 to 5 bedroom unit ranging from 452 sqft to 1,981 sqft distributed across 5 blocks of 15 storey towers with North and South orientations to minimise heat gain yet maximises natural ventilation.
Residents in Serangoon have easy access to several major parks in other north-eastern estates via the existing park connectors, including Bishan-Ang Mo Kio Park via Ang Mo Kio Avenue 5. For green spaces closer to home, residents can look to the various neighbourhood parks and precinct parks in convenient locations within their housing estates.
The Garden Residences provides a holistic environment for all its residents as it has a boardwalk and a community garden with over 100 species of trees and plants aimed to purify the air and to provide an idyllic, calming ambiance that encourages relaxation.
This unit land price is based on the S$499 million purchase price for Serangoon Ville announced on Wednesday and an estimated S$195 million that the consortium will have to pay to the state to top up the site's lease to 99 years and for the rights to redevelop the site, to 2.8 gross plot ratio.
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The Garden Residences is also close to secondary schools such as Bowen Secondary School, Xinmin Secondary School, Hougang Secondary School, Serangoon Garden Secondary School, Montfort Secondary School, Peicai Secondary School, Pei Hwa Secondary School and Holy Innocents' High School.
Keppel and Wing Tai's bid was about 16 per cent higher than the land price for privatised HUDC estate Serangoon Ville nearby, which was bought in a collective deal by an Oxley Holdings-led consortium on Wednesday for $835 psf ppr. Corson and Wingjoy Investment - units of Keppel Land and Wing Tai Holdings - jointly placed the top bid of $446.28 million, the Urban Redevelopment Authority (URA) said on Thursday (July 27, 2017).