The park view mansions are 99-year leasehold condominiums along Yuan Ching Road in Jurong, Singapore. They were sold for $260 million to a joint venture comprising CEL Development (40%) and Sing-Haiyi Pearl (30%). CEL Development is a wholly-owned subsidiary of Chip Eng Seng Corp, while Sing-Haiyi Pearl is a 50:50 joint venture between SingHaiyi Group and Haiyi Holdings. TK 189 Development is a Singapore-based joint venture between Kim Seng Heng Realty and Ho Lee Group.
Construction of Riverfront Residences by Oxley Lian Beng Venture
Oxley Lian Beng Venture is a renowned property developer known for the development of luxury residential units. Their latest project, Riverfront Residences, is located in Hougang Avenue 7. The development is close to Hougang Central, the Hougang Mall, and the Hougang Transportation Hub. The luxurious residences feature full amenities, such as an indoor gym, function rooms, and a 50 m swimming pool. Apart from being near the city center, the development also offers residents peaceful surroundings.
Oxley is a local company that specializes in property development and property investment. The company has a strong track record in the construction industry and has successfully executed projects in various countries around the world. In addition Altura EC to Singapore, it has a presence in several other countries such as the United Kingdom, Cambodia, Malaysia, and Myanmar. It also offers project management services for its developments.
The Riverfront Residences by Oxley-Lian Beng Venture is a new 99-year leasehold residential development in Singapore. The project is a joint venture between Oxley Holdings, KSH Development, and Lian Beng Group. It is also owned by Apricot Capital, which has a 10% stake in the project. Several real estate developers have expressed interest in this project. The project’s central location, proximity to Hougang MRT station, and convenient amenities make it an attractive property to invest in.
Construction of Tre Ver former Raintree Gardens by UOL Group
Construction of the former Raintree Gardens will result in a new condo community that offers a unique mix of amenities. Located on the waterfront, this project will provide residents with high connectivity to the rest of the city. Additionally, residents will be able to enjoy the serenity of nature while living in the project. The Tre Ver project will be a collaboration of several developers, including the UOL Group and UIC.
Raintree Gardens, originally a HUDC estate, is now being developed. The site is situated between Potong Pasir Avenue 1 and Woodleigh Avenue. In 2016, the UOL Group Bukit Batok EC and the United Industrial Corporation acquired the site. The development will comprise two mansionette blocks with twelve stories each and a seven-story block. When completed, it is expected to yield 750 to 600 residential apartments.
The development has a total area of 201,405 square feet, and will be composed of 729 premium condominium units. Each unit will feature a unique theme, and each unit will have either one or two bedrooms. Residents can also enjoy the amenities of a fully-equipped condominium and the different activities offered by the community.