Archive for category: Misc

A joint venture between Hoi Hup Realty and Sunway Development has been awarded the executive condo (EC) site at Plantation Close with a top bid of $423.38 million or $701 psf per plot ratio (psf ppr) on Feb 14. The 215,691 sq ft, 99-year leasehold site can be developed into a new 560-unit EC.The neighbouring site, Parcel A, was won by the joint venture last September. Both sites are close to a range of amenities, including malls like JEM, Westgate, and IMM and educational institutions like ACS (Primary) and Princess Elizabeth Primary School. The two sites are part of the new Tengah development and situated near the upcoming Jurong Lake District and Second CBD. This area is expected to be a model for smart and sustainable living with quality amenities, green spaces and gardening and farming spaces.Besides these two EC sites at Plantation Close, the joint venture has launched other ECs, including the entirely sold 496-unit Parc Canberra in Sembawang and the 700-unit Parc Central at Tampines. They have also launched projects like the 862-unit The Continuum, freehold property at Thiam Siew Avenue, the 270-unit Terra Hill at Pasir Panjang, and the 660-unit Ki Residences at Brookvale. All these projects are either freehold or have 999-year leases. These projects will showcase the excellence of the joint venture in developing quality ECs.The Hoi Hup-Sunway joint venture has recently won another executive condo site at Plantation Close, with a top bid of $423.38 million. This 99-year leasehold site is located near the upcoming Jurong Lake District and is part of the new Tengah development. It is surrounded by various amenities such as shopping malls and educational institutions. The joint venture has plans to develop a new 560-unit EC on this site, which will cater to the needs of families and individuals looking for quality living spaces.

The joint venture between Hoi Hup Realty and Sunway Development has recently been awarded the executive condo (EC) site at Plantation Close. This marks their second successful bid in the area, with the neighbouring site, Parcel A, being won in September of last year. With a top bid of $423.38 million or $701 psf per plot ratio (psf ppr), the 215,691 sq ft, 99-year leasehold site will be developed into a new 560-unit EC.

Zion Residence, located conveniently on the serene banks of the Singapore River, has quickly emerged as a prominent symbol of luxurious urban living on the island of Singapore. With its impeccable architecture and verdant surroundings, Zion Residence offers a unique blend of opulence and seamless connectivity to the vibrant city. As one of the most sought-after residences in Singapore, Zion Residence sets a new standard for high-end living.

“Our vision is to create a collection of great quality ECs that harness the proximity to the new amenities in the future Tengah development and the nearby Jurong Lake District and Second CBD,” says Wong Swee Chun, chairman of Hoi Hup Realty.

Tengah New Town, hailed as a model futuristic new town for smart and sustainable living, offers future residents easy access to quality amenities, generous green spaces, and dedicated gardening and farming spaces. Additionally, the site is also conveniently located near the upcoming Jurong Innovation District, which aims to house high-tech businesses and a supportive community.

Apart from the two EC sites at Plantation Close, Hoi Hup and Sunway also have other successful EC projects under their belt, including the fully sold 496-unit Parc Canberra in Sembawang and the 700-unit Parc Central at Tampines. Current projects in the pipeline include the 862-unit, freehold The Continuum at Thiam Siew Avenue in District 15 in the east, the 270-unit, freehold Terra Hill at Pasir Panjang, and the 660-unit, 999-year leasehold Ki Residences at Brookvale. These projects showcase the joint venture’s commitment to developing quality ECs with long-term leases and freehold status.

In addition to the EC sites at Plantation Close, Hoi Hup and Sunway also have their sights set on other prime locations. With their track record of successful projects and keen eye for strategic development sites, it’s clear that the joint venture is a force to be reckoned with in the real estate market.