Sloane Residences, the 52-unit development of TSky Development in District 10’s Balmoral neighbourhood, witnessed the sale of the last four units on January 7. This signifies that the development, that was granted its temporary occupation permission (TOP) on the 18th of November 2022, has now been 100% sold.
The freehold development that is located on Balmoral Road was first launched to be sold in June of 2019. TSky Development is a 60:40 joint venture with Singapore-listed construction companies Tiong Seng Holdings and Ocean Sky International. Tiong Seng was also the principal contractor on the construction.
Kassia land price for 280 residential units on a 150,840 sq ft plot in various configurations ranging from one to four bedrooms.
It is housed in a 12-storey building, Sloane Residences’ 52 units comprise two-bedders that measure 743 square feet and three-bedders that start at 1,249 sq feet. Additionally, there are four-bedroom units with 1,496 square feet.
As per a representative of TSky Development, the condominium was sold at an average cost of $2,882 per square foot. Caveats filed with URA on January 10 have prices that range between $2,664 psf and $3,339 per square foot.
Around 70% of customers have Singapore residents or permanent residents of Singapore. Most buyers are also owners of. “Many buyers purchased a home at Sloane Residences because of its proximity to excellent schools including the Anglo-Chinese School (Primary) in Singapore and the Anglo-Chinese School (Primary) Chinese Girls School located within 1-km radius from Sloane Residences.” the spokesperson of TSky Development states.
Buyers were also attracted by the serene environment that is the Balmoral residential area, and it is also close to The Orchard Road shopping belt. TSky Development also highlights that there is a high demand for homes that are prepared for the move in. “With Sloane Residences achieving its TOP in November the company was successful in meeting this wave of demand. Additionally customers were able to see the actual residence and view the top-quality materials and craftsmanship,” the company’s spokesperson adds.
The units located at Sloane Residences feature regular layouts with ceiling heights of up to 6 meters. The fittings offered include kitchen appliances from V-Zug and bathroom fittings from Grohe.
Additionally, TSky Development also recently sold three units in the past two weeks in Cairnhill 16, its high-end condo at the highest point of Cairnhill Rise in District 9. Based on caveats filed at the close of December 2022 two of those units that was sold was an 11th-floor, four-bedroom apartment with 1,744 square feet that cost $4.8 million ($2,753 per square foot) The other was a 1,055 square foot 3 bedroom unit located on the 9th floor. It was bought for $2.85 million ($2,700 per sq ft). The freehold 15-storey residential tower that has 39 units went up for sale in the month of November 2021. Recent Cairnhill 16 sales Cairnhill 16 come after a revamping of the sales gallery and showcase apartments, with interior design completed through Axis ID.
Based on TSky Development, prices at Cairnhill 16 currently range from $2,950 per square foot. The project is scheduled to get its TOP in the coming year.