The Wilshire Condo on Farrer Road was successfully enbloc and sold to a joint-venture between Singapore-listed property group, Roxy-Pacific Holdings and the privately held TE2 Development (A private family office of Tong Eng Group’s managing director Teo Tong Lim) for $98.8 million. The purchase price work out to be a $1,536 psf per plot ratio (ppr) there is no development charge payable. The land rate would be reduced to $1,455 psf ppr after allowing a development charge of $4.1 million for the 10% bonus GFA balcony space.
This new launch condo at Farrer Road sitting on a freehold site of 39,130 sq ft with a plot ratio of 1.6 is expected to redeveloped into a maximum height limit of 12 storeys with a maximum gross floor area of 64,310 sq ft.
Wilshire Residences is classically designed with a sleak architecture facade of 85 luxury units of 1 to 4 bedroom. The efficient layouts are design to cater for yuppies and multi generation family yet in affordable quantum.
Wilshire Residences floor plan are created in a way where majority of the units enjoy their unique views; East towards Botanic Gardens, South-east towards Dempsey Hill, West towards Holland Village and North towards Victoria Park.
About the Developer
Over the last 68 years since its incorporation in the 1950s, Tong Eng Brothers and its group of companies take pride in developing distinctive buildings that are a harmonious blend of form and functionality. From its inception, the group has owned and developed more than a hundred acres of land, comprising office, retail, landed housing and condominium projects.
Roxy-Pacific Holdings Limited (“the Group”) is an established property and hospitality corporation with an Asia-Pacific focus and a track record dating back to May 1967. Listed on the SGX Mainboard since 12 March 2008, the Group is engaged primarily in the development and sale of residential and commercial properties (“Property Development”), hotel ownership and other investment properties in Asia-Pacific (“Hotel Ownership and Property Investment”), including the ownership of Grand Mercure Singapore Roxy. Since 2013, the three main arms – Property Development, Property Investment and Hotel Ownership have extended their reach beyond Singapore, to countries such as Malaysia, Australia, Thailand, Japan and Maldives.
Why Buy Wilshire Residences?
- Convenience amenities within your foot step
- Scroll walk to numerous MRT; Boon Keng MRT, Farrer Park MRT, Bendemeer MRT.
- Nestled in nostalgia mature neighbourhood yet enjoy brilliant City lifestyle
- Stone throw to Supermarkets; Fairprice NTUC, Sheng Siong
- Numerous of shopping and dining options at City Square Mall, Bugis Junction, 313 Somerset, Centrepoint Orchard, Orchard Ion
- Conveniently located near major expressway, CTE to SLE, TPE which allows residents to different parts of the Singapore
- Attractive entry price for city fringe development
Wilshire Residences located in a prime mature estate of district 10 in the core central of Singapore, is about 500 m from Farrer Road MRT Station.
Wilshire Residences was located in excellance locality surrounded by abundance of amenities. There are many renowned educational institutions around the vicinity such as National Junior College, Anglo-Chinese School, and Hwa Chong Institution. Being located in a prime mature estate, Wilshire Residences is considered to be a great place for those who love serene yet short drive to amenities because there are many great dining spots, banks and shopping mall within the Holland enclave and Empress road Market from where the residents can get anything under one spot. Tanglin Golf Course is a short drive away too.
Wilshire Residences is a short drive to the business hub via Ayer Rajah Expressway, whereas the vibrant Orchard Road shopping district is a 5-minutes drive along Holland Road.