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Stirling Residences @ Stirling Road

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  • Stirling Residences @ Stirling Road

    Stirling Residences, 6 mins stroll to Queenstown MRT, made history for a land parcel for homes in Queenstown, Stirling Road, bring a bid over $1 billion-- smashing the old record by more than $300 million.

    The big Queenstown plot is the combinations of two adjacent websites and also had actually gotten on the GLS get list since March 2010. It was triggered offer for sale last month after a designer devoted to bid at the very least $685.25 million for the website.

    The 99-year leasehold Stirling Residences Singapore is jointly established by Nanshan Group and also Logan Property. The permissible gross floor area will certainly be 954,328.3 square feet (88,660 square metres), and also the advancement will certainly be composed of 4 storey blocks-- the entire site having an optimum elevation over water level of 163 metres. It is anticipated that the task will consist of up to 1,110 systems though the dimension as well as nature of those is yet to be launched.

    Hong Kong-listed designer Logan Property Holdings and also Chinese developer Nanshan Group have actually collectively submitted the top bid of $1.002 billion amongst 13 bidders for the Stirling Road domestic website. It is the very first time that a purely domestic site in the Government Land Sales (GLS) programme has actually gone across the billion-dollar mark.