In 2021, a partnership of Hoi Hup Realty and Sunway Developments secured prime land at Thiam Siew Avenue. The price tag? S$815 million. This peaceful area near Tanjong Katong Road is now abuzz with this exciting development. 

 

An aerial view of the site at Thiam Siew Avenue which has been enbloc and currently known as The Continuum

Why This Acquisition Matters

This buy is a big deal. It’s the largest residential land deal since the 2018 property measures. The government had changed some property rules back then. Savills, a big real estate name, shared some numbers. The 2.45 ha site has a plot ratio of 2.8. Its value? About S$1,488 psf ppr, considering a S$284 million development cost.

Spotlight on the Deal

Nicholas Mak of ERA highlighted this deal. For him, it’s a landmark buy since May 2018. Savills Singapore had more to share. The deal came after a public tender. That’s competitive!

Exciting Plans Ahead

Wong Swee Chun of Hoi Hup Realty is thrilled. He sees the value in freehold properties, especially in Singapore’s east. His vision? Two luxury condos at The Continuum with over 800 units combined.

Hero Shot of The Continuum

Prices and Predictions

Let’s talk numbers. Nicholas Mak gives an estimate. Prices for The Continuum units may range from S$2,400 to S$2,630 psf. Why? Construction costs have risen since the pandemic started in 2020. Fewer workers and pricier materials are the culprits.

Compared with the Neighbors

Other properties in District 15 have set benchmarks. From January to November 2021, properties like Amber Park sold at around S$2,448 psf. Coastline Residences and Nyon were close, selling at S$2,436 psf and S$2,317 psf, respectively.

Location is Key

The Continuum boasts a top location near Paya Lebar Central. Savills notes it’s strategically placed. It’s near a new city rejuvenation program. Exciting, right?

A Word of Caution

Nicholas Mak leaves us with some advice. Developers should be careful. Why? The government might step in if things heat up too much.

See It to Believe It!

Impressed by The Continuum? We invite you to see it yourself. Book the Continuum showflat visit and feel the luxury. Also, stay tuned for more news and updates!