Qingjian venture markets Bloomsbury Residences at Media Circle from about S$2,400 psf
The development has 358 units and retail space spanning 400 sq m
[SINGAPORE] Qingjian Realty and Forsea Holdings will start previews for their Buona Vista project Bloomsbury Residences on Saturday (Mar 29), with prices starting at S$1.37 million for two-bedroom units.
The development will house 358 units in three blocks, and a retail space spanning 400 square metres (sq m). The three blocks will have 14, 21 and 23 floors, respectively.
The smallest units, two-bedders at 570 square feet (sq ft), are priced from about S$1.37 million or S$2,396 per square foot (psf).
Three-bedroom apartments (plus study) of 904 sq ft are priced from about S$2.17 million or S$2,396 psf. Four-bedders (plus study) of 1,173 sq ft start at about S$2.87 million or S$2,443 psf.
Qingjian Realty and Forsea Holdings acquired the 10,632.1 sq m Media Circle site for S$395 million in a state tender in January last year, valuing the land at S$1,191 per square foot per plot ratio (psf ppr).
Located in District 5, the 99-year leasehold Bloomsbury Residences is close to offices at the Mediapolis business park, in the one-north business precinct at Buona Vista. It is also near schools and the National University of Singapore, as well as the one-north MRT station.
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The project, scheduled to complete in 2029, will have three swimming pools, an indoor and outdoor gym, as well as a tennis court.
The Mediapolis precinct is “set to undergo significant transformation”, said Qingjian and Forsea. This comes as the Urban Redevelopment Authority plans for more residential and commercial developments in the area.
An update by URA last May indicated that land zoned for business park use in Media Circle may be set aside for new homes. For instance, a plot of land opposite Infinite Studios in one-north is being proposed for residential with commercial use on the first storey.
SEE ALSO
Aside from the parcel that Bloomsbury Residences is being built on, two other state land sites have been released for sale.
Qingjian and another Forsea unit, along with a third partner Hoovasun Holding, bagged a second Media Circle site in a tender that closed three weeks ago for nearly S$1,037 psf ppr – a shade under what the first site was sold for. The plot, zoned residential with commercial at first storey, can yield about 325 private homes.
A third Media Circle site is also up for sale, in a tender that will close on Apr 29.
Official sales for Bloomsbury Residences will start on Apr 12.
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