The Artra Condo is a 99-year leasehold condominium built beside Redhill MRT station. The 442,967 squarefoot land parcel was tendered by URA for private property development. The land parcel was won by Tang Skyline and Tang Group of companies.
Given the size of the land parcel, analysts speculate that at least 400 units to be built in this new development. Furthermore, $373.1 million price tag paid by the Tang developers means a price of about $842.28 psf ppr.
Potential buyers of the Artra have a whole range of reasons to desire living in this classy development. Firstly, the investment aspects are bright for the Artra. Given that Redhill is a fringe area to the city, fewer land parcels offered in the area means a likely appreciation in value. Another sign of this was the fact that there were up to 10 bidders for the plot of land. Moreover, the top 5 bids were only separated by a small 5% margin. The aggressive bidding signals great interest and expectation about the land value to increase. It is likely because of the combination of retail and restaurant spaces on the first floor that had generated this excitement amongst developers.
However, observers have justified the price ceiling of the respective bids. They attribute it to the concurrent sales units being being available around the area too. Examples of these include Alex Residences, The Crest, and Principal Garden. At the winning bid of $821 psf ppr, the breakeven price of the developers will be less than $1,400. Given that the nearby developments are currently selling for $1,600, there is likely to be a comfortable margin of profit for the developers.
The Artra will enjoy full condominium facilities. This includes a full-sized swimming pool around a common area for weekend relaxation with friends and family. Take advantage of the tennis courts to pick up a healthy sport at the Artra Tang Skyline. Keep your fitness up at the gym and maintain healthy relationships at the common spaces around the development.
Features within the development
The development has 21,528 sqft of commercial space, meaning that many of your daily necessities and dining options are taken care of. No longer do you have worry about parking at another location just to get your groceries done. Furthermore, residences have plenty of options nearby too including:
- Central Plaza Shopping Centre
- Anchorpoint Shopping Centre
- Valley Point Shopping Centre
- IKEA Alexandra
Also, the Artra is located in Redhill, known for its many coffeeshops and independent retail outlets for your dose of local flavour.
Being built just a mere 5 minutes within Redhill MRT, residents of the Arta will have little reason to drive to destinations along Singapore’s MRT network. Those working in the Central Business District will no longer have to endure the snaking traffic of the roads. Given that Singapore’s MRT network is expected to increase significantly over the next 10 years, living so close to an MRT station is a huge plus.
Should you take your car for a spin, you can easily access other great shopping destinations like Great World City or Tiong Bahru Plaza as well. These more upscale choices give you greater variety for meetup locations and late nights with friends and family.
Shopping highlight: Tiong Bahru Plaza
Tiong Bahru Plaza will soon be completing its renovations, propelling it well into the ranks of modern shopping centres in the old Tiong Bahru neighbourhood. Once completed, the 215,000 sqft of retail space promises a whole range of retail options for you and your family. Anchor tenants of large, familiar brands and flagship stores will be sure to make Tiong Bahru Plaza a gem to have nearby.
Residents of Artra do not need to fear carrying huge bags over long distances as Tiong Bahru Plaza is connected to Tiong Bahru MRT, just one stop away from Redhill MRT.
Notable mention: Queensway Shopping Centre
Queensway Shopping Centre is located a stone’s throw away from the Artra. An all-time Singaporean favourite for sports apparel and shoes, you will be sure to find a bargain here. Its history dates back to 1976 and is still widely patronized by Singaporeans from all around the island.
Choice of nearby Schools
For families with children, you will have little difficulty in finding an institution for each stage of your child’s education.
- Gan Eng Seng Primary School
- Alexandra Primary School
- Crescent Girls’ School
- Henderson Secondary School
School highlight: Crescent Girls’ School
Crescent Girls’ School is a quality institution, producing many outstanding students in both academics and sports fields. If your daughter is looking for a school which provides holistic support for both academics and extra-curricular activities. Crescent Girls’ School should be an institution to aspire towards.
Key reasons to choose Artra by Tang Group:
- Ultimate convenience living next to Redhill MRT Station
- Living on the fringe of the city promises a peaceful home yet a short commute away from it
- Numerous shopping options await you be it by foot, MRT, or car
- Convenient access to major highways of Ayer Rajah Expressway (AYE) and Central Expressway (CTE)
- Many schools in the vicinity give you plenty of choice for the different stages of your child’s education
- Unobstructed view of the City
- Many famous foods located at nearby coffee shops and hawker centres
- Integrated property with retail shops like supermarkets, F&B, and childcare centre
- Directly connected to Redhill MRT Station