CapitaLand launches ‘rare’ landed housing project in Singapore’s District 10

SINGAPORE (Sept 1): CapitaLand on Thursday announced the launch of Victoria Park Villas, a landed housing project located in Singapore’s District 10 and the only prime landed residential site to be awarded under the Government Land Sales programme since 1996.

Occupying a 403,000 sf site at the junction of Coronation Road and Victoria Park Road, Victoria Park Villas offers 106 semi-detached houses and three distinctive bungalows that will feature contemporary designs and built-in sophisticated smart home systems.

The floor area of the 106 semi-detached houses ranges from 4,166 sf to 6,943 sf, with prices ranging from S$4.4 million to S$7.6 million. Six of these houses come with a swimming pool on the ground floor. The three exclusive bungalows range from 10,904 sf to 11,539 sf in floor area and are priced from S$11 million to S$12 million.

“Victoria Park Villas is a rare collection of landed houses perched on elevated land along Victoria Park Road within the Good Class Bungalow neighbourhood,” says Wen Khai Meng, CEO of CapitaLand Singapore.

“The development will also appeal to discerning and foresighted buyers who prefer move-in-ready landed houses, without having to bear the high costs and time needed to rebuild an existing house or build a house from scratch,” he add.

Victoria Park Villas is CapitaLand’s second residential project in Singapore to incorporate smart home systems. The first, Cairnhill Nine, was launched in March and has seen about 80% of its units sold as at end June 2016.

Shares of CapitaLand closed flat at S$3.07 on Thursday. — theedgemarkets.com.sg

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