Uptown at Farrer Low Keng Huat (Singapore) Limited
Uptown at Farrer is a new development located right in the heart of Farrer Park by Low Keng Huat (Singapore) Limited. The developer has submitted for the top bid for the plot of land which is located next to Farrer Park MRT Station. The location of Uptown @ Farrer represents a prime piece of land located in the city that is in close proximity to the city area as well as to the Orchard area. Uptown at Farrer Condo which is beside Farrer Park MRT Station directly connects to the city via the North East MRT Line that goes to Dhoby Ghaut and Vivocity directly as well. A true city living lifestyle awaits you at Uptown at Farrer by Low Keng Huat (Singapore) Limited.
Uptown at Farrer Perumal Road
Uptown at Farrer Low Keng Huat has full and unique facilities, which includes a guard house, clubhouse, function room, indoor gym, tennis court, 50m swimming pool, sun deck, BBQ pits & children’s playground. The condo’s facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Farrer Park. The development is a mix development that consist of retail, residential units as well as service apartment that will consist of units from 2 Bedroom for investment as well as 4 Bedroom for own stay. Uptown @ Farrer is built by reowned listed developer Low Keng Huat (Singapore)
Commercial Amenities located at Uptown @ Farrer First Floor
Due to being in close proximity to commercial establishments, it’s no surprise how a lot of companies were bidding for a residential site at Perumal Road. The successful company was none other than construction company Low Keng Huat Limited. They were able to purchase the property at a whopping S$174.08 million. Since the first floor is filled with commercial establishments, they definitely got what they bargained for.
Despite the seemingly high price which the developer has bid for the land at S$174.08 million which is equivalent to a land price of S$1,000.72, the current market sentiment now deems that Uptown at Farrer Farrer Park MRT Station is attractively priced given the land bids of recent enblocs as well as government land sites. Some of these sites are further away from the city but developers have paid for a higher price compared to the plot of land at Uptown at Farrer.
Amenities around Uptown at Farrer Location
The location around Uptown at Farrer Location is also welcomed by many others as there are many facilities and hotels located around the area. Some of them include Fortuna Hotel, Femloft Hostel, The Claremont Hotel, Shing Hotel and Tai Hoe Hotel. For families with kids, there are also other children family themes such as playtime at Somme Road Playground. While they’re there, their parents will be able to enjoy shopping at the malls or other activities. There are also some nice restaurants in the area like Purely Vegetarian, The Mask Restaurant and Nalan Restaurant.
Living Near to Established Schools Near to Uptown @ Farrer
Living near to Schools are very important as there is no need for children to spend too much time traveling to and from school. Therefore, more time can be spend on their studies and the children will be able to get more rest after school. Parents who are driving their kids to school can also save time fetching their kids to school.
Schools Within 1KM and 2 KM away from Uptown @ Farrer
A note that for some established Primary Schools, there has been cases whereby the schools prefer the children enroling to stay within 1km from the school and therefore chances of getting into the school is higher if you are staying within 1km from your desired school.
Uptown at Farrer is also near elite schools such as Farrer Park Primary School, Stamford Primary School, Farrer Park Primary School, Stamford Primary School. Other Schools nearby include Anglo-Chinese School (Junior), Bendemeer Primary School, Hong Wen School, St. Joseph’s Institution Junior, St. Margaret’s Primary School, Anglo-Chinese School (Junior), Bendemeer Primary School, Hong Wen School, St. Joseph’s Institution Junior, St. Margaret’s Primary School.
Uptown at Farrer Low Keng Huat (Singapore) Limited
Uptown @ Farrer Condo is also strategically located with many shopping centres located around in the vicinity. For example, the popular City Square Mall as well as 112 Katong are located near to Uptown at Farrer. Uptown at Farrer Freehold Condo is also located near to Little India where traditional food and eateries as well as many F&B outlets and retail shops are located near to the area.
The cardinal principles of LKHS have been trust, stability and integrity. These have become the guiding compass of all the rank and file within this iconic entity. Also as mentioned in their mission statement, the company believes in leveraging on the talent and passion of its people to embark on continuous improvement on how it conducts its business across board. The team take pride in holding on to the highest standards of ethical behaviour by doing what they say and saying what they do.
Bids for Uptown @ Farrer Park MRT Station
In terms of the number of bids, the results also exceeded expectations. Given the current market sentiment, it is thought companies would bid that high for the property. Of course, its popularity was a huge factor in increasing the price some companies were willing to pay for it. Yes, some companies were shocked that Low Keng Huat wanted to buy Uptown @Farrer Park MRT Station at that price. Some of the companies in the auction weren’t pleased that they lost so they went back to realign with their bidding numbers. At 16,161 square meters, it can hold as many as 200 units. Of course, those tenants are a mix of residential and commercial units.
Farrer Park MRT Station and Public Transport Nearby
Uptown at Farrer will be accessible with Farrer Park MRT Station that is located right at your doorstep. The MRT Station connects directly to Boon Keng, Potong Pasir, Vivocity, Dhoby Ghaut and Chinatown making public transport access to other parts of Singapore a breeze. Also, for owners who are taking buses, there are several buses available along Perumal Road, Balestier Road, Serangoon Road as well as Race Course Road. For owners who are traveling to the city, Uptown @ Farrer is located right next to Central Expressway (CTE).
Medical Facilities Near to Uptown @ Farrer
With medical tourism on the rise in Singapore, another good located condo will be one that is near to hospitals as well as private healthcare facilities. Being centrally located, Uptown @ Farrer is positioned as a good choice for investors who are looking for private developments near to hospitals. For example, KK Women’s and Children Hospital is located near to Uptown @ Farrer and Farrer Park MRT Station. This provides easy access to the hospital and this point may sometimes be overlook. Also, another major healthcare facility will be Connexion at Farrer Park which is a integrated healthcare and hospitality complex where medical tourist will be able seek treatment in a comfortable environment similar to a hotel.
Farrer Park Hospital Close to Uptown Farrer
Quality healthcare comes with superior services and facilities. Farrer Park Hospital boasts of having some of the latest and the best services not only in Singapore but also in the world. The hospital has a 24hr emergency clinic to attend to all kinds of urgent cases. It has a modern laboratory equipped with the latest equipment for accurate diagnosis. Farrer Park Hospital offers health promotion and screening to promote good health and wellness to people in the society. The hospital has different suites for different healthcare services. These suites include cardiovascular suite, endoscopy suite, radiation oncology suite, endoscopy suite, inpatient suite, and day surgery suite. Other critical services and facilities in the hospital include dialysis, intensive care unit, nuclear medicine, allied health services, diagnostic imaging, allied health, and pharmacy
Available of Restaurants Near to Uptown at Farrer
Besides near to amenities and transport, being near to eateries is a crucial element that needs to be addressed when looking for homestay condos. The reasons is we do not wish to travel very far just to get a meal and spend too much time traveling. Owners of Uptown at Farrer will also like the location as there are many restaurants located in Little India and Upper Serangoon that maybe of interest to buyers of the development. Some of the famous restaurants around Uptown at Farrer include the famous Punggol Nasi Lemak which is located at Serangoon Road. Other restaurants near to Little India which is near to Perumal Road and Farrer Park MRT Station include Banana Leaf Apolo which is listed on TripAdvisor as a must try place for authetic indian food.
Shopping Centres Nearby Uptown @ Farrer Park MRT Station
One other reason what makes Uptown @ Farrer Park MRT Station popular is also its location to many nearby shopping centres. One of these shopping centres is which is a landmark is City Square Mall that is located at the junction of Serangoon and Kitchener Road. City Square Mall is one of Singapore’s first eco-friendly malls that focus on energy efficient lighting and air conditioning for the mall. City Square Mall is one of Singapore’s largest mall with a total of 450,000 square feet of commercial and retail outlets that are primarily used for fashion and restaurants. This make Uptown at Farrer a very desirable place to stay due to the conveniences bought by the mall. There are a total of 9 levels located at City Square Mall and this makes it a perfect place to spend some quality time with you family.
Uptown @ Farrer Close to Little India Retail and Restaurants
Uptown @ Farrer is also close to Little India where there are plenty of retail shops and restaurants that awaits you. Shopers will be amazed at its colorful setting, historical background and an extraordinary shopping offers from different shops and merchants . There is much to do and see in this part of Singapore, that simply lures you to come back again and experience this unique atmosphere again. Also if you like shopping for groceries, you will definitely love the Tekka Centre. Even if shopping is not your thing, this is a completely different experience than going to the usual markets. This is an indoor market where you can find the most incredible products. Besides a stunning offer of fresh food and spices, there are also plenty of restaurants where you can try real Indian food and Halal dishes. For those who like shopping for clothes and other miscellaneous accessories, there is 24-hour open Mustafa Center. The only problem is that you will probably spend more money than you planned, because of all the electronic goods, health and beauty products, textiles, etc.
Farrer Park History at Farrer Park MRT Station
Farrer Park is one noticeable landmark in Singapore because of the history behind it. It was known to be a sports arena in the past century but in the coming days but there has been aims by developers to turn it into a residential site. Even though some former sports men are asking for some part of it to be preserved, a new home for Singaporeans is going to be established. There are many planning areas in this republic and this one falls under the Rochor. It’s found in the Central Region of Singapore whereby it’s bounded by Rangoon road , Serangoon road, Bukit Timah road, Tekka Lane and Racecourse road.
History of Farrer Park and Plans by Urban Redevelopment Authority (URA)
Farrer Park will be rezoned and The Urban Redevelopment Authority (URA) classifies Farrer Park as part of the planning area of Rochor. It’s a subzone found on the Westside of the city and the name generally refers to a field which is open. Plans are underway to make Farrer Park which is located at Farrer Park MRT Station into a family oriented place where you can spend some quality time with the family. Farrer Park once hosted a race course which was known as the Singapore Turf Club. It stayed here for almost 9 years since 1924 and later on moved to Bukit Timah Race Course. When that happened, there was no option but to let the field open to everyone. People used to do all their gaming endeavors at the venue. The National Sports Promotion Board was also situated here together with other sports association for many years.
Showflat Sizes for Preview and Viewing
The showflat for Uptown @ Farrer Condo will be available for viewing soon. The showflat will open for 2 weeks just for viewing. There will be many different layouts at the showflat to showcase the different sizes to cater to different family sizes as well as for potential tenants to look at it as well. Uptown @ Farrer showflat will be located at the site itself featuring Low Keng Huat’s most prestigious development located in the city. The showflat will furnishings that is included in the interior design such as wallpaper as well as sofas and TV console for your consideration. These will not be given in the actual unit. The actual unit comes with wardrobe, kitchen cabinets, air-conditioners, washers and fridge for your consideration.
Financial Mortgage Assessment for Buyers during VVIP Preview
During this VVIP viewing period, there will be no sales conducted and buyers will be able to view the showflat first at their own pace without have to be hasten to make a decision. These 2 weeks will allow buyers with ample timing to do a quick assessment of their financial commitment as to how much they can loan as well as if they have outstanding mortgage loans which may affect their new Loan to Value Ratio. As now of the new ruling, buyers with no outstanding mortgage loans may be granted a max 75% of the property value compared to 80% previously. There will be bankers located at the showflat to assist buyers in their mortgage calculations so that they will have a clear picture of their financial capability.
Leasehold Developments Have Higher Rental Yield
Although there is a preference for freehold developments, it is noted that leasehold developments does have its advantages. For example, leasehold developments tend to have a higher yield compared to freehold projects. The reason is because leasehold developments like Uptown @ Farrer have a lower price and therefore will be able to achieve a higher rental yield. This is especially true for good located developments like Uptown at Farrer which is close to Farrer Park MRT Station. The investor’s capital outlay is lower and comes at a higher yield and therefore leasehold developments maybe preferred and ideal for investment in the property market.
Financial Commitments and Bank Loan for New Properties
Buying a property like Uptown @ Farrer can be financially stressful and taxing and therefore careful assessments have to be made to ensure that buyers have enough financial capability to service the mortgage payments for buying the development. For Singapore properties concerned, the amount that a buyer can loan is proportional to the salary as well as any fixed financial liabilities that the buyer has currently.
It is also important to note that for buyers who have a fixed monthly salary, the Total Debt Service Ratio (TDSR) is at 60%. This means that for every $10,000 that a buyer is earning, only $6,000 can be used per month to service the loan of the new property. This is to ensure prudent investing and that the buyer does not over commit to the property. Recently, the Singapore real estate prices are rising and should there be a increase in mortgage interest rates, the buyer will be well cushioned and will not be too taxing on the monthly commitments.
Recent Government Cooling Measures for 2nd Property Owners
Also, the recent government cooling measures this year has increased the stamp duty payable for multiple property owners. In particular, the stamp duty payable for 2nd property owner is the heftiest with an increase to 12% if this is their second property. Previously, owners pay a 7% stamp duty for their 2nd property and therefore there is an increase of 5% stamp duty which makes investors have a lower capital outlay for their 2nd property. Uptown @ Farrer, being a leasehold development, has a lower capital outlay compared to freehold developments making it a good investment property in an ideally located city fringe setting for the cosmopolitan individual.
Uptown @ Farrer Register Interest for Preview
Uptown @ Farrer will open for review soon. Please contact the direct developer sales team for Uptown @ Farrer to ensure the best possible pricing for the project. The direct developer sales team member will be in contact with you to keep you posted on the latest showflat viewing dates as well as the price list of the development. VVIPs will also enjoy the best pricing and 1st choice selection of the units for your consideration.
Uptown at Farrer Condo at Farrer Park MRT Station
A wonderful and unique lifestyle awaits you at Uptown at Farrer right in the heart of Perumal Road and Farrer Park. Please see Uptown at Farrer site plan and floor plans for more information.