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2 freehold landed projects off Upper Bukit Timah launching this Friday

Artist’s impression of Kismis Residences, the first new launch of 2018.  

Singapore-listed property developer Low Keng Huat is launching two new freehold landed housing projects this Friday (5 January) to kick off 2018, marketing agent ERA Realty Network revealed in a statement. 

ERA and OrangeTee & Tie are jointly marketing both Kismis Residences and the adjacent TRANQUILIA@Kismis. This is the largest landed development to be launched after a long while in Lorong Kismis and Eng Kong Park, which is located off Upper Bukit Timah.

Kismis Residences is a 31-unit project that comprises eight corner terrace houses and 23 intermediate terrace houses.

Each house features five levels of living space and is served by a private lift. The built-in areas are large, ranging between 4,700 to 5,500 sq ft and include five en-suite bedrooms and a car porch. 

The intermediate terrace houses are priced between $ 4.155 million to $ 4.464 million, while the corner terrace houses are priced from $ 5.003 million to $ 5.282 million.

Meanwhile, the strata-landed TRANQUILIA@Kismis development comprises seven units. The approximate strata areas range from 4,359 sq ft to 5,597 sq ft, with prices from $ 3.521 million to $ 4.255 million.

The two projects are located close to Beauty World MRT station on the Downtown Line, shops and eateries at Bukit Timah Plaza and Beauty World Plaza, as well as educational institutions such as Ngee Ann Polytechnic and the National University of Singapore.

“Over the soft launch period in December 2017, we managed to secure buyers for 50 percent of the units released for sale. For Kismis Residences, nine out of the 15 units found buyers; while for TRANQUILIA@Kismis, two out of the seven units found buyers; making it a total of 11 units sold out of the 22 units that were released,” said Eugene Lim, key executive officer at ERA Realty.

Lee Yoon Moi, chief operating officer at Low Keng Huat, added: “We are pleased with the results thus far. It shows the strong following amongst home buyers for landed homes within this established neighbourhood.”

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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Bukit Brown road unlikely to be ready this quarter

In order to ease traffic congestion, the LTA has awarded Swee Hong Limited the contract ER 382, Construction of New Road between Adam Flyover and MacRitchie Viaduct. (Photo: Swee Hong)

The $ 134.7 million road in Bukit Brown was originally targeted for completion in end-2017, but motorists and residents affected by the construction will have to wait a little longer for it to finish, reported the Straits Times.

In August 2013, the Land Transport Authority (LTA) awarded the contract to build the dual four-lane road connecting Adam Road with MacRitchie viaduct via the Bukit Brown cemetery to Singapore-listed contractor Swee Hong.

However, the civil engineering group encountered cashflow issues thereafter, and filed an application to the High Court to deliberate on a debt restructuring plan for its creditors in 2015.

While the company announced last July that it had repaid its loans, the financial problem had already caused delays in the project, and the grave exhumation took longer than expected.

As such, the road appears far from ready as of Monday (13 November), and a person living in the vicinity revealed that government officials said that the road will be finished by late-2018.

“I’m not even sure it can be done by then. It’s causing us a lot of inconvenience already,” said the retiree in his 70s who wanted to remain anonymous. He added that aside from the noise and dust of the construction, cracks had formed in some houses in the area.

 

This article was edited by Keshia Faculin.

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