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Official Hotline: +65 9321 8529

Project Name: ARTRA
Location: 10 Alexandra View 158745

Developer: Tang Skyline Pte Ltd

Expected TOP: 2021

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Located at 10 Alexandra View is the ultra-modern new Mixed Development Condominium project, ARTRA. This 400-unit condo will have a full suite of facilities, including Clubhouse, Pavillion, Tennis Court and Swimming Pool.

 

Those with young children can look forward to the play area for children on the 3rd floor and a 10,000 sq ft childcare centre and outdoor playground situated on the 2nd floor. It is also close to established schools like Crescent Girls' School and Gan Eng Seng Primary and Secondary School, which is just a short drive away.

There will be more than 20,000 sq ft of commercial facilities and amenities for residents of ARTRA to enjoy, popular shopping centres like Central Plaza Shopping Centre, Anchorpoint Shopping Centre, Queenstown Shopping Centre and IKEA are merely five minutes away from ARTRA. Besides this, foodies can also rejoice with the vast selection of eateries in the various nearby mature towns of Redhill and Tiong Bahru.

ARTRA is conveniently located for both public and private transportation users. Located next to Redhill MRT station, and near proximity to major expressways like the Ayer Rajah Expressway (AYE) and Central Expressway (CTE). It is just a short drive away from Orchard Road, CBD (Central Business District), Buona Vista (Biopolis & NUS, NUH). If travel is via public transport, Redhill MRT is just 4 stops away from Raffles Place MRT and 3 stops away from Buona Vista MRT.

Artra

New Singapore Launches

  • Artra is a District 0399 year leasehold project under the URA Government Land Sales (GLS) programme
     

  • The Allowable Development is slated for Residential at 400 units with Commercial at the 1st storey
     

  • It's Commercial component will feature a Supermarket, Childcare Centre, F&B, Shopping Mall outlets
     

  • Permissible Gross Floor Area is 41,153 sqm, equavalent to 442,967.21 sqf
     

  • Tender drew 10 bids indicating a healthy demand and confidence from developers due to the attractiveness of the site, where the highest bid was awarded to Tang Skyline Pte Ltd
     

  • Top bid price was S$ 376.88 million (S$ 850.81 psf), narrowly topping 2nd placed Singland Homes and UOL Venture Investments by 1% with S$ 373.1 million (S$ 842.27 psf). Top 5 bids were within a 4.8% margin
     

  • Estimated break even price given a land price of S$ 851 psf would range from S$1,350 to S$ 1,400 psf
     

  • Selling price would range from S$ 1,530 to S$ 1,950 psf, which provide the developer with a comfortable profit margin based on the selling prices of comparable new launches in the vicinity
     

  • The 43 storey project is expected to be launched by the 2nd quarter of 2017, with TOP expected in 2021
     

  • Breakdown of Units:
    2 BR:  80 Units (780 sqf)

    2+S: 120 Units (830 sqf)
    3 BR:120 Units (1080 sqf)
    3+S:   72 Units (1300 sqf)
    5+Fa:   8 Units (2500 sqf)

     

Project Information