Stirling Residences
尚景苑
Developed By: Logan Property (Singapore) Company Pte Ltd (龙光地产) and Nanshan Group Singapore Co. Pte Ltd (南山集团)
Latest!
Indicative Price
1 BR - Fr $793k /$1800 psf
2 BR - Fr $1092k /$1750 psf
3 BR - Fr $1498k /$1700 psf
4BR - Fr $2288k / $1700 psf
Project Summary
| Name | Stirling Residences （尚景苑） |
| District | District 3 (Queenstown) |
| Developer |
LN Development (Stirling) Pte Ltd – Joint Venture of (Logan Property (Singapore) Company Pte Ltd (龙光地产) and Nanshan Group Singapore Co. Pte Ltd (南山集团) |
| Address |
21 Stirling Road 148960 23 Stirling Road 148961 25 Stirling Road 148962 [See Map] |
| Land size | 21,109 sqm or 227,223sqf |
| Permissible GFA | 88,660 sqm or 954,354sqf |
| Plot ratio | 4.2 |
| No. of units | 1,259 units [Units Mix] |
| No. of Car Parks | 1,259 |
| No. of towers | 3 |
| Towers | Two 40-storey Towers and One 38-storey Tower |
| Tenure | Leasehold 99 Years from 18 Aug 2017 |
| Showroom types | 2BR/3BR/4BR |
| Unit mix | 1BR, 1+S, 2 Compact, 2 Premium,2+S, 3 Compact, 3+Utility, 3 Premium, 4BR, 4 Penthhouse |
| Estimated TOP | 30 April 2022 |
| Legal Completion | 30 April 2025 or 3 Yrs from TOP |
| Land Price | $1,002,719,956 or $1,050psf/ppr |
| Architects | P&T Consultants Architects |
Why Stirling Residences
Why Stirling Residences is a Buyer Choice?
Stirling Residences is a highly anticipated project by Nanshan Group and Logan Properties, the development consist of 2 Towers of 40 Storey and 1 Tower of 38 Storey with 1 to 4 Bedrooms and penthouses for your selection. A total of 1,259 ultra luxury units with 1 childcare, each towers has 6 Lifts & 2 stairways to service 11 units per floor.
The Smart Home features - The developer has taken great care and thoughts in the design to bring future residents a smart home functionality. All units will be equipped with Smart key access and visit cards that can be remotely controlled on your phone and you will be able to control every corner even when you're on vacation.
Condo Facilities - It has full condominium facilities with 80 facilities including 8 Swimming Pools [50m, 30m infinity pools], 18 terraces, Tennis Court, childcare, Three unique Forest zones with Lush and Vast landscaping covering over 65% of the development.
Recent Projects - Stirling Residences is consider a large scale project as compared to recent launches in Singapore. It will be a sell out project due to current enhance market conditions. Oversupply risk is under control with the enbloc pipeline well within the market’s absorption capacity (two years of supply). Replacement demand from enbloc millionaires to fuel mid-/high-end segment.
Location - Stirling Residences is located in a Prime and Matured city fringe estate with excellent connectivity to key areas like One North, Mapletree Business City, CBD and Orchard Shopping belt.
Amenities - Surrounded with ample schools and recreational amenities: Hawkers, Mei Ling, ABC & Alexandra Village, not forgetting the hang out places like Holland V, Dempsey and Tiong Bahru.
Recent Transaction - From the below recent transaction in district 03, it goes to say that there is a high market demand for District 3 properties. Stirling Residences is a rare land plot in D3. With the above psf transacted, we will be expecting similar psf for Stirling Residences.
|
Date |
Project |
District |
Size |
PSF |
No of Units |
|
Nov-17 |
Principal Garden |
3 |
24,964.3sqm |
$1,932psf |
663 |
|
Jan-18 |
Highline Residences |
3 |
10,990.6sqm |
$2,125psf |
500 |
|
Feb-18 |
Alex Residences |
3 |
6,501.4sqm |
$2,268psf |
429 |
|
Apr-18 |
The Crest |
3 |
23,785.4sqm |
$2,104psf |
469 |
|
Apr-18 |
Queens Peak |
3 |
10,516.1sqm |
$1,977psf |
736 |
|
Apr-18 |
Commonwealth Towers |
3 |
12,086.8sqm |
$1,973psf |
845 |
|
May-18 |
Artra |
3 |
8,398.5sqm |
$2,056psf |
400 |
|
Jun-18 |
Margaret Ville |
3 |
4,809.8sqm |
$2,155psf |
309 |
Actual Site
18 Stirling Road Singapore 148500
History of Queenstown - Queenstown was named after Queen Elizabeth II to mark her coronation in 1952.
About Queenstown - In Queenstown, there is an estimated HDB resident population of 82,800 and HDB manage 31,504 flats within the town (as of 31 March 2017).
Queenstown is the first satellite town in Singapore, has pioneered many firsts as a role model of much of public housing estates in Singapore, and truly deserves her title as the queen of estates. The town was built by the Singapore Improvement Trust (SIT) in the 1950s, and its subsequent development in the 1960s was taken over by HDB.
Queenstown was used as a test bed for much of Singapore’s public housing. It would be the satellite town to pioneer many firsts, including the first HDB flats in 1952, tallest public housing blocks, first point blocks and first community and social institutions – with a polyclinic, branch library and neighbourhood sports complex.
Previously perceived as a greying estate, recent redevelopment works have revitalised Queenstown. This is a town where the old and the young mingle, and new establishments coexist with conserved buildings. Today, Queenstown has become one of Singapore’s most desirable estates.
Recent Enbloc
In District 3,8,9,10,21
*The below GLS and Enbloc sales shows that land price is increasing and it’s on an uptrend. What is the implication for future new launch sale price?
|
Award Date |
Project |
District |
Tender Price |
Price PSF PPR |
|
Feb 2018 |
Pearl Bank Apartments |
3 |
929,400,000 |
1,515 |
|
Feb 2018 |
Riviera Point |
9 |
72,000,000 |
1,461 |
|
Feb 2018 |
Brookvale Park |
21 |
530,000,000 |
932 |
|
Mar 2018 |
Hollandia |
10 |
183,380,000 |
1,703 |
|
Mar 2018 |
Toho Mansion |
10 |
120,430,000 |
1,805 |
|
Mar 2018 |
Goodluck Garden |
21 |
610,000,000 |
1,100 |
|
Mar 2018 |
Lotus at Jervios |
8 |
463,000,000 |
1,373 |
|
Mar 2018 |
Pacific Mansion |
9 |
980,000,000 |
1,806 |
|
Mar 2018 |
Fairhaven |
9 |
57,000,000 |
1,629 |
|
Mar 2018 |
Makeway View |
9 |
168,000,000 |
1,626 |
|
Apr 2018 |
The Estoril |
10 |
223,938,000 |
1,504 |
|
Apr 2018 |
Tulip Garden |
10 |
906,889,000 |
1,790 |
|
Apr 2018 |
Dunearn Gardens |
10 |
468,000,000 |
1,914 |
|
Apr 2018 |
Olina Lodge |
10 |
230,000,000 |
1,712 |
|
Apr 2018 |
Cuscaden Road *GLS* |
9 |
410,000,000 |
2,377 |
|
Apr 2018 |
Silat Avenue *GLS* |
3 |
1,040,000,000 |
1,138 |
|
May 2018 |
Holland *GLS* |
10 |
1,213,000,000 |
1,888 |
Conclusion
On top of having the full condo facilities within your residences, Stirling Residences is also strategically positioned in a well-defined boundary where it cuts off the noise pollution coming from the MRT Tracks as well as the main road of Commonwealth Avenue and Alexandra Road. Yet, without sacrificing the convenient of the location to the home owners.
It is situated only a few blocks away to Queenstown MRT where it will take you directly to Tanjong Pagar (CBD) in less than 10 mins travelling time or 30 mins to Changi Airport. It will benefit the non-driving residents greatly by allowing them to commute easily and seamlessly without any transit.
The transformation of Dawson Estate will be ready by 2020. This will benefit owners, with the upcoming Commercial Facilities such as childcare centre, supermarket and new Hawker Centres.
The recent transactions for condominiums in District 3 also shows the strong faith and confidence that buyers have for condominiums in District 3. There are continuous strong demand for this District. Units are transacting from $1,900psf and higher.
The recent Enbloc in D3,9,10,21 also shows that land price is also increasing and may increase further in the future. What will be the impact of future new condominiums? Buy now! Before it increase any further! Wait no more! With the many Enblocs going on, there are also plenty of investor looking for a good investment. District 3 has not have any large scale new launches for many years. Don’t miss this opportunity! Call us for the VIP Preview now!
ABOUT THE DEVELOPERS
Logan Property (龙光地产)
Founded in 1996
Core Business: Property Development Track Records/Accolades
- At least 110 Residential Projects in China, HK-Macau, Nanning – Guangxi
- 295th of Fortune China’s Top 500 Companies
- 26th China Top 100 Real Estate Developers • 4th Top 10 Most Profitable Companies
Stirling Residences will be their 1st flagship project in Singapore.
Company Background
- Headquartered in Shenzhen but listed in Hong Kong, Logan Property Holdings has three businesses: property development, property leasing and construction contracts. The Singapore subsidiary was incorporated in August last year.
- Besides its residential property projects in China’s Pearl River Delta region, Logan Property is also well-known for having the world’s youngest (and prettiest) billionaire in Forbes’ 2014 billionaire list.
- Hong Kong resident Perenna Kei Hoi Ting has a net worth of US$1.3 billion at age 24 when her father, Logan Property founder Kei Hoi Pang (Ji Haipeng), gave her 85 per cent of the company through a family trust and multiple companies.
- In Singapore, Logan Property is well-known for partnering with Nanshan Group to submit the highest bid for the residential site in Queenstown Stirling Road. The bidding price of S$1.003 billion broke the record price at a government land auction.
- Logan Property told the media that the price of S$1,050 psf was reasonable. The Chinese developer believed that the project would be profitable since it meets the company’s targets for internal margin and internal rate of return.
ABOUT THE DEVELOPERS
Nanshan Group (南山集团)
Founded in 1978
- Business: Aluminium, Textile, diversified into other business like Tourism, Education, Wine, Aviation, Finance, Health & Real Estate • Track Records/Accolades
- Thomson Impressions
- Annual Top Risk Management Financial Company Award for “2016 Gold Medal List of Chinese Financial Institutions”
- 167th in Top 500 Chinese Enterprises and the 70th in Top 500 Enterprises in Chinese Manufacturing Industry with the operation revenue of RMB 82.2 Billion Yuan.
- Nanshan Finance Co., Ltd. was rated as A Level and won the honorary title of “Innovative Finance Company”
- 161st in “Top 500 Chinese Enterprises in 2015” and the 68th in Top 500 Enterprises in Chinese Manufacturing Industry with the operation revenue of RMB 84.623 Billion Yuan
Company Background
- After the Chinese Economic Reform in 1978, Nanshan Group’s legendary founder Song Zuowen led the whole Shandong village from agriculture to the path of industrialisation. It is now a highly-diversified conglomerate with operations in aluminium, textile, finance, tourism, aviation, education and real estate.
- Nanshan Group Singapore Co. was under the leadership of the founder’s eldest son Song Jianbo whose family resided in Singapore. The company has been eyeing to expand in the Singapore property market for a long time. In the past 12 months, it participated in 8 out of 11 tenders in GLS auctions.
- In 2013, the company bought Park Regis along Merchant Road for S$250 million. A year later, it acquired the former Midlink Plaza at S$270 million and redeveloped it into the 396-room Mercure Singapore Bugis.
- In the same year, Nanshan submitted the highest bid of S$173.57 million to beat 17 other bidders and drove home the residential site at Sin Ming Avenue. The plot was used to build Thomson Impressions.
- Following that, it spent S$160 million to acquire the old Irving Industrial Building in Tai Seng through a collective sale. The Singapore office of Nanshan Group also moved into the new building after it was completed.
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DISCLAIMER: The information contained herein is subject to change and cannot form part of an offer or contract. While every reasonable care has been taken in providing this information, the developer or its agent cannot be held responsible for any inaccuracies. The developer does not warrant or represent in any manner whatsoever the accuracy, correctness, adequacy, completeness or suitability of the information contained herein. Illustrations in the leaflet are artist’s impressions, which serve only to give an approximate idea of the project. All artist’s impressions and all plans are subject to any amendments as may be approved by the relevant authorities.
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