Affinity at Serangoon, a 1,052-unit residential project with five retail shops at Serangoon North Avenue 1, will open for preview this Saturday (26 May).
The 99-year leasehold project is one of two new condominiums in the Serangoon area (District 19) that are vying for buyer’s attention, the other being The Garden Residences which opened for preview last Saturday.
Both developments will add more than 1,600 units to the area, which has seen few new condominiums launched in recent years.
Affinity at Serangoon is the larger of the two projects. There will be 1,012 one- to four-bedroom apartments from 463 sq ft to 1,453 sq ft and 40 strata landed townhouses.
The sprawling 296,193 sq ft site was formerly the Serangoon Ville HUDC estate, which was sold en bloc to an Oxley Holdings-led consortium for $499 million in July last year. The purchase price works out to a land rate of $835 psf per plot ratio.
The project’s price range has not been revealed yet, but property agents anticipate selling prices to be around $1,600 psf to $1,700 psf.
Affinity at Serangoon will have 88 facilities including a floating boardwalk, firefly path and a luminescent plankton cove.
Nearby amenities include Chomp Chomp Food Centre, Serangoon Garden Market and Nex shopping mall. There are also several schools in the vicinity such as Rosyth School, Nanyang Junior College and the French School.
Slated to be officially launched next month, the project is expected to be completed by 2024.
Incidentally, the developing District 19 emerged as one of the most preferred districts to live in, according to PropertyGuru’s latest sentiment survey.
Adapted from Propertyguru, 24th May 2018.