There’s nothing more exciting to a city than the addition of a new real estate development. It heralds a fresh start for many, as well as new growth and opportunities for those that reside in the region. New developments most certainly bring with them a world of possibilities, including increased market value of the area, employment creation and increased economic activity. These and many other exciting prospects are what await the residents of the newly developed Margaret Condo. Read on to find out more about this exciting new development, and the Queenstown area where it is located.
Project Specifications – Margaret Ville Condo
It all started with the availability of a prime real estate site in Margaret Drive, which piqued the interest of many of Asia’s top developers. Margaret Ville was made available through the Reserve List of the Government Land Sales for residential (Non-landed), with bids starting at $185.758 million. After a competitive tender process, which saw some impressive bids, in the end it was the MCL Land firm which won the leasehold of 99 years to develop the site, coming in at a bid of S$238.39 million—the highest for that specific tender. This translates to roughly $997.85 per square foot, which is expected to rise to S$1,700 by the time the condo is launched.
Margaret Ville is centrally located close to major transport hubs such as the Ayer Rajah Expressway and the Commonwealth MRT station, and is also close to popular shopping centres like IKEA Alexandra and Alexandra Central, Queensway Shopping Centre, and a slew of other exciting retail developments that are currently underway.
Residents will also have access to some of the area’s most prestigious schools like the International Anglo-Chinese School, as well as the Crescent Girls’ School, while some of Singapore’s premier recreational, dining and shopping facilities at Orchard Road, Sentosa and Dempsey, are a few minutes’ drive from Margaret Drive.
Margaret Ville | Location
o Located along Margaret Drive in southwest district 3
o Minutes drive to the city
o Within walking distance to both Commonwealth and Queenstown MRT stations
o Easily accessible via major expressways Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE)
o Close to Holland Village, Dempsey Hill, The Star Vista and Queensway Shopping Centre
o Close to One North business park and Singapore Science Park
o Close to NUS, Singapore Polytechnic, Anglo-Chinese School (ACS), Anglo-Chinese Junior College (ACJC)
The land parcel is located along Margaret Drive, within the Queenstown Planning Area. The site is easily accessible from Commonwealth and Queenstown MRT Stations, which are about 500m away. Residents will enjoy easy accessibility to all parts of the island as the site is conveniently linked to the Ayer Rajah Expressway via Queensway and Alexandra Road. Shopping, dining, entertainment and recreational facilities located at Orchard Road, Sentosa and Dempsey are just a short drive away. Numerous renowned schools such as Crescent Girls’ School and Anglo-Chinese School (International) are situated in the vicinity.
POPULAR DINING PLACES & FOOD CENTRE NEARBY
SHOPPING & ENTERTAINMENT AMENITIES NEARBY