Kingsford Waterbay to open for viewing this weekend

Singapore

CHINESE-OWNED Kingsford Development will introduce its riverfront project, Kingsford Waterbay, to the public this weekend.

This 1,165-unit project is being built on the amalgamated site of two adjoining government land sales (GLS) plots totalling 27,292 square metres that it won in November 2013.

"This enables us to take full advantage of the combined site's approximately 400-metre direct frontage of Sungei Serangoon," said Cui Zhengfeng, Kingsford Development's chairman. "Half of the development . . . will get to enjoy the serene riverfront views while the other half will have views of the development's extensive range of water-themed recreational facilities."

The 99-year leasehold private residential project is located near the junction of Hougang Avenue 8 and Upper Serangoon Road, and is within walking distance of the new integrated transport hub at Hougang MRT Station. A complimentary shuttle bus service will also be provided to Hougang Central.

Units offered comprise 1,157 units of one to five-bedroom apartments, six units of strata terrace houses, and two units of strata semi-detached houses. The development is self-contained with its own childcare centre and six commercial shops.

Its showflats open on Feb 21. Prices are not yet available, as sales will begin only in early March after the developer has gauged buyer interest, said exclusive marketing agent ERA.

Consultants had earlier estimated that selling prices will start at S$1,000-1,050 per square foot (psf).

According to SRX, in the vicinity, new units at Riversails sold at a median price of S$961 psf over the past year, while new units at Riversound Residence sold at a median S$863 psf. Boathouse Residences' new units sold for S$1,065 psf, while those at Midtown Residences sold at a heftier S$1,309 psf.