freehold in district 09
Luxury apartment in centralized location at Newton. 3 mins' drive to Orchard Road shopping belt.
great accessibilty & convenience
Merely 5 minutes walk to Newton MRT & famous Newton Circus Food Centre. Great accessibility and convenience.
esteemed schools
Prestigious ACS (Junior & Pri) & SJI (Junior) within 1km. 1-2km to St. Margaret's Pri & Singapore Chinese Girls' Pri School.
healthcare services
Close proximity to Health City Novena, Tan Tock Seng, Mount Alvernia Hospital & Thomson Medical Centre.
BREAKDOWN OF UNIT TYPES – 120UNITS
"WHERE INDEPENDENCE ISN'T JUST A STATE OF MIND, IT'S HOME"
LOCATION MAP
PROJECT DETAILS
DEVELOPER
Bukit Sembawang Land Pte Ltd (ROC 201808588E)
tenure
Freehold (Estate In Fee Simple)
address
2 Makeway Avenue Singapore 228599 (District 09)
expected date of vacant possession
01 March 2024
SITE AREA
3,863 sqm / 41,582 sqft
DESCRIPTION
1 Block of 22-Storey
VIRTUAL TOUR (OLD SHOWFLAT)
2 BEDRM DUO SUITES
3 BEDRM TRES DELUXE
THE ATELIER FACILITIES
Atelier Clubhouse
Aqua Lap Pool
Tree Top Adventure
Kid's Play
Giant English Chess
Arrival Piazza Art Sculpture
THE ATELIER SITE PLAN
[email protected] STOREY
Main facilities deck. Aura Lap pool of 48.5 x 3.3m x 1.2m. Atelier concierge at your service.
[email protected] STOREY
Fun entertainment area for the kids & bistro dining for family. Masterchef for a day for 25pax.
[email protected] STOREY
Stay active & sweat it. Relax & chill in clubhouse after a day's work. Spend quality "ME" time.
THE ATELIER FLOORPLANS (REQUEST FOR FULL FLOORPLANS)
CONCIERGE & SMART HOME TECHNOLOGY
THE ATELIER ENBLOC PROPERTY NEWS
Makeway View sold to Bukit Sembawang Estates for $168 million
SINGAPORE – A unit of Bukit Sembawang Estates has successfully tendered for the sale en bloc of the freehold Makeway View for S$168 million. Upcoming singapore new launch is The Atelier.
This was also the asking price when the collective sale tender was launched on Jan 23. The sale price reflects a land rate of S$1,626 per sq ft per plot ratio (psf ppr), including an estimated development charge of about S$21.26 million, said marketing agent Edmund Tie and Company in a statement.
Owners of the estate’s 28 apartments and four penthouses are expected to receive gross sale proceeds of between S$3.86 million to S$10.74 million per unit.
The 10-storey freehold development in District 9 was built in the late 1980s, on a 41,582 sq ft plot with an allowable gross plot ratio of 2.8.
It is located across the road from Newton Food Centre and close to Anglo-Chinese School (Barker Road), Anglo-Chinese School (Junior) and St Joseph Institution Junior. Newton MRT station is about 400m away.
Bukit Sembawang Estates, which tendered for Makeway View through its unit Bukit Sembawang Land, intends to redevelop the area into residential apartments with communal facilities, it said in a Singapore Exchange announcement on Thursday evening (March 22).
Edmund Tie and Company said that subject to the authorities’ approval, the site can be developed into a high-rise apartment block of about 21 to 22 storeys with around 154 units, assuming an average apartment size of 70 sq m.
“Units in the new development will potentially enjoy 180-degree unobstructed panoramic views of the city and lush greenery in its surroundings,” said senior director of investment advisory Swee Shou Fern.
Bukit Sembawang Estates will fund the acquisition and redevelopment through internal resources and bank borrowings.
The purchase of Makeway View is not expected to have any material impact on the net tangible assets or earnings per share for Bukit Sembawang’s financial year ending March 31, 2018.
Earlier this month, Bukit Sembawang successfully tendered for the sale en bloc of Katong Park Towers at S$345 million, 20 per cent above its reserve price of S$288 million.
