The Ambitious Plan For A Childcare Centre Within The Condo
When property developer Bellevue Properties Pte Ltd submitted its bid of S$370.1 million for the land Urban Development Authorities (URA) marked as Tampines Avenue 10 Parcel C, many property developers and experts were surprised. Firstly, by the fact that there were only 9 bids for this land, but more so, because Bellevue Properties had outbid their competition by 5.7 per cent.
Given the site area of 233,767 square feet, this works out to S$565.42 per square fett per plot ratio. It might seem like a rather ambitious goal for a property developer, but not so when you consider the team behind this project. After all, Bellevue Properties is a wholly-owned subsidiary of City Developments Limited. A name many seasoned property investors are familiar with given their long list of residential and commercial properties both regionally and internationally.
In fact, not only did they outbid the 2nd highest bidder, the bid is considerably higher than the other plots of land around it. Both Tampines Avenue 10 Parcel B and D, projects now known as The Santorini and The Alps Residence, were considerably lower. This outstanding bid for a regional town area surprised industry watchers and succeeded in catching media attention.
But perhaps what makes this particular project at Tampines street 86 so uniquely special is how this residential area fits the overall Tampines Masterplan so perfectly. Given that one of the goals of the 2013 master plan was to provide an additional 21,000 new homes for Singaporeans, this upcoming condominium The Tapestry is achieving a large portion of that objective.
With 7 new residential blocks of 15-storeys, interested property buyers can expect more than 800 apartments within this estate. And it gets better, as the condo has dual purposes that will appeal to both interested home owners as well as property investors. That's because of the planned dual key units. A great and convenient way for home owners looking to rent out a room.
What Interested Buyers Can Expect From The Tapestry
Ultimately, it is the end product that really matters when it comes to property development and The Tapestry Condo is no different. The developers are fully aware of the importance of bringing together a condominium which will enrich the lives of its residents. And given the intended audience of Tampines North, one of the biggest features you can expect from this development is its very own childcare centre within the premise. This will appeal to families with young children and want a convenient place to drop their kids off while they head to work.
But over and beyond the childcare (located at the basement) the condo also promises over 50 state-of-the-art facilities around its 21,717.7 square metres site plan. Because when it comes to luxurious condominiums in the east, this 99-year leasehold condo will be the upcoming unit to look out for.
Note: Interested buyers and investors may want to consider booking an appointment for the upcoming showflat preview opening from 17 march 2018. (Slots are limited at the moment so secure yours early!)