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the artra artra condo . welcome to the artra condominium @ redhill mrt station . singapore search main menu skip to primary content skip to secondary content home factsheet location floor plans contact us the artra condo @ redhill mrt station featured posted on november 27, 2016 by reviewer the artra condo is a new mixed development that occupies a plum site in front of redhill mrt station, at alexandra view on the fringe of orchard road & the cbd. to launch for sale by the developer tangs skyline (tang group) in 2017. aerial view . the artra condo location @ redhill mrt station . click to enlarge artra is really the most conveniently located of all the residences in the alexandra / redhill area. not only is it the closest to the mrt station, in fact directly beside it with not even a road in between, but it will enjoy the convenience of a childcare centre, and shopping mall, f&b outlets, and decent sized supermarket at its ground floor as well. artist’s impression . artra condo @ redhill mrt station . click to enlarge the artra is part of a private condominium enclave, flanked by well-known developments like ascentia sky, echelon, and the metropolitan, which have mainly sold out. redhill station is on the east-west mrt line, that runs right across the island, connecting jurong lake district on the west, and the financial district of raffles place & marina bay to the east, and directly onto changi international airport. do arrange to view the showflat if you might want to live or invest here. :: the artra condo highlights the artra condo location plan | courtesy of ura | click to enlarge main features of living at an artra condominium unit: a home on the city fringe at the alexandra area, just 5 to 10 minutes by car to the orchard road shopping belt and the central business district (cbd). less than 15 minutes train ride from raffles place, shenton way & the marina bay financial district. the sheer convenience of a mixed development, with everything at your doorstep – dining and fast food outlets, groceries from the supermarket, retail shops, childcare centre. with immediate access to the mrt network that reaches to everywhere else in singapore including the airport. and if you tire of the shops and f&b joints downstairs, there are lots of enjoyable dining & relaxation options nearby. there is the laid back charm & greenery of dempsey hill with its spread of bars, restaurants & cafes. or the buzz of holland v with its eclectic mix of ethnic restaurants, eateries, and pubs with live music. for more traditional hawker food, try out the well-known hawker stalls at mei ling street, alexandra village food centre, abc brickworks market, and the character-laden lanes of tiong bahru. the artra condo location should attract potential tenants. besides all these attractions, it is on the edge of the upmarket tanglin precinct & orchard road shopping district. it is also a short drive from mount faber, and the telok blangah & southern ridges green belt of parks & recreational facilities. artist’s impression . the artra mixed development plaza @ redhill mrt station :: the artra condo · showflat viewing · vip preview please register here if you would like to be kept updated on the artra singapore launch. (fields marked with * need to be filled in. we respect your privacy and will not spam you.) name * email * phone * you want to register for preview view project request full set of floor plans just want information to explore options keep you posted on other new launches as well after clicking, please see below for status your browser does not support javascript!. please enable javascript in your browser in order to get form work properly. :: other developer launches mayfair gardens will launch for vip preview in 2nd half of 2018 . 5 minutes walk from king albert park mrt station, king albert park, and bukit timah plaza . developer oxley holdings . singapore martin modern :: new condominium in the hip and cool happening zone of robertson quay . district 09 on fringe orchard shopping belt . up the river from the cbd and clarke quay . developer guocoland limited . singapore posted in artra artra condo price posted on december 7, 2016 by reviewer artra condo price | the artra prices the urban redevelopment authority (ura) launched this site for sale by public tender on 20 september 2015. a total of 10 bids were submitted. the tender closed 12 november, and was awarded to the top bidder tangs skyline pte on 17 november 2015. tangs skyline, part of the tang group of companies (otherwise known as tang city holdings), put in a top bid of sgd$376.88 million. this works out to $851 psf per plot ratio for the land. what is interesting is that the 2nd highest bid was just 1% lower. at sgd$373.1 million or $842 psf ppr, by a jv of uol venture investments and singland homes. in fact, the top 5 bids were all within a 4.8% range, indicating that the top bid was not an over-valued or over-enthusiastic one. artist’s impression . the artra . click to enlarge :: artra condo price projection · the artra pricing analysis it is always harder to estimate pricing merely based on the land cost psf, if the development has a commercial component. that is because the value of the commercial space could be more, thus off-setting some of the cost of the residences. on the other hand, the developer could choose to value them equally, while keeping the commercial units for rental. assuming equal value, and overheads, construction and financing of $450 psf, break-even psf could be in the region of $1,300. some industry experts have in fact estimated a break-even of about $1,350 to $1,400 psf. according to mr nicholas mak, slp international executive director, this would, “… provide the developer with a comfortable profit margin, based on the selling price of comparable new condominiums in the vicinity that range from $1,530 to $1,950 psf.” our estimate is that the artra condo price range could be in the region of $1,500 to $1,800 psf, varying with the unit facing, size, and level. note : bear in mind that published average pricing for a project usually pertains to the pricing of mid-floor & mid-size units like 3 & 4 bedders. average prices of 1 & 2 bedroom units are usually higher than the average stated psf for a project. :: the artra condo price range · market analysis there were 10 bidders for this site, and competition for it was quite keen. which was hardly surprising, as the site is attractive given its nearness to redhill mrt station, and its commercial component at the 1st storey. what was surprising however, was that the top bid came in at the lower end of market expectations. in fact, it compares very favourably with the land price of other new projects in the vicinity that still have significant numbers of units for sale. and since land price is a good barometer of eventual selling price, apart from rising construction costs, here are some statistics: project land cost psf ppr average price remarks alex residences $970 psf $1,900 psf 2 min walk to redhill mrt the crest $960 psf $1,700 psf 6 min walk to redhill mrt principal garden $821 psf $1,620 psf 1km walk to redhill mrt commonwealth towers $883 psf $1,670 psf at queenstown mrt queens peak $871 psf $1,635 psf at queenstown mrt for purposes of estimating the artra condo price range, alex residences ought to be the one to look at, as it is the nearest, just an extra couple minutes walk from redhill mrt station. see this report for the news article on the land sale (opens in new window). :: the artra condo price · showflat viewing · vip preview please register here to receive updates on the artra prices once available. (fields marked with * need to be filled in. we respect your privacy and will not spam you.) name * email * phone * you want to register for preview view project request full set of floor plans just want information to explore options keep you posted on other new la
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