In and Around the Vicinity
Take A Look Around The Community
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.
New Singapore Launches
Artra is a District 03, 99 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)