Special Feature
Brand new detached home in Pasir Ris sold at $8.4 mil by Sevens Group
By Sevens Group
/ Brought to you by Sevens Group |
Sevens Group has sold the detached home (above right) at The Beachfront Collection, leaving just one unit at the project left for sale
Sevens Group continues to build upon its reputation as a leading landed developer in the east with one of its latest transactions – the sale of a new detached home at Pasir Ris Way for $8.4 million or $1,939 psf on the land area.
The house is part of Sevens Group’s The Beachfront Collection, an exclusive group of homes in the Pasir Ris landed enclave, close to Pasir Ris Park and Pasir Ris Beach. The 999-year leasehold project comprises the detached home that was sold as well as a pair of semi-detached homes. Of the pair, one of the semi-detached homes was sold in 2021, before the development was even officially unveiled.
The remaining semi-detached home at The Beachfront Collection is currently still available, making it a prime opportunity for an esteemed buyer seeking a luxurious, comfortable home boasting a beautiful resort-style living concept.
The semi-detached home, located at 26A Pasir Ris Way, sits on a land area of approximately 2,910 sq ft. The three-storey plus attic house has a generous built-up area of around 5,982 sq ft. The elegant home features four en suite bedrooms, a double-volume ceiling in the living area, and dry and wet kitchens fully equipped with top-of-the-line electrical appliances by V-Zug.
Featuring an opulent look and feel, the home features upscale materials and finishes including large format marble slabs in the living and dining areas as well as the powder room and master bathroom. Bathrooms feature premium sanitary ware from Bravat, while the house also has a jacuzzi on the roof-top deck and a home lift. In addition, it comes equipped with an electric vehicle charging isolator point — a future-proof feature available at all Sevens Group properties.
Sevens Group is currently offering 26A Pasir Ris Way for $6.2 million, or $2,130 psf on the land area. The Beachfront Collection is slated to receive its temporary occupation permit (TOP) certificate in 4Q2023, which means that the buyer will not have to wait long to move into their lovely new home. Currently, Sevens Group is offering a Star-Buy discount of up to $250,000 on the property, further boosting its appeal. Fully-furnished interior design packages are also available.
Rare finds in District 15
In the desirable Opera Estate landed enclave, Sevens Group is launching a new home for sale at Aida Street. Designed to look calm yet stately, the project is aptly named Gentle @ 53 Aida Street. The two-storey intermediate terrace with an attic sits on a land area of 1,309 sq ft and has a built-up area of around 3,271 sq ft. The freehold property has four bedrooms and is close to amenities such as Bedok Mall and the Bedok MRT Station.
Priced at $4.8 million, the house is bound to garner interest from buyers given its attractive quantum, especially in the sought-after District 15 area. Within the district, asking prices for brand-new freehold terrace houses are going for upwards of $5 million, with some going as high as $6 million.
At Siglap Road, Sevens Group is developing One East — a freehold project comprising a detached and a pair of two-storey semi-detached homes with an attic. Nestled atop a hill, the home offer scenic views of downtown Singapore. Attractively priced at launch, the semi-detached homes have already been snapped up.
The remaining detached abode at 111 Siglap Road has a land area of 4,510 sq ft. The commodious home includes six en suite bedrooms, multiple family spaces, a large living and dining area that seamlessly flows to a sheltered veranda and an infinity pool. In all, the house boasts a total built-up area spanning a vast 7,015 sq ft.
111 Siglap Road is priced at $8.56 million. This translate to less than $1,900 psf on the land area, making it a superb value-buy for a brand new detached home in coveted District 15. One East is scheduled to receive its TOP in 1Q2024. Similar to The Beachfront Collection, fully furnished interior design packages are available for One East.
Homes at The Carrara to tap on growth from Thomson-East Coast line
Sevens Group’s flagship development The Carrara, located at Mountbatten Road, has seen two of the six semi-detached units available already snapped up. Both homes were sold for around $3,000 psf on their respective land areas, providing an uplift to resale prices for homes on Moutbatten Road and neighbouring streets such as Goodman Road, Branksome Road and Wilkinson Road
Property prices in the area are expected to see a further surge in capital appreciation with the opening of Stage 4 of the Thomson-East Coast MRT line (TEL) in 2024. Given that The Cararra is within minutes’ walk to the upcoming Tanjong Katong MRT Station, it will undoubtably benefit from the extension’s much-anticipated opening, which will enhance connectivity between the city centre and the east.
Currently, Sevens Group continues to maintain its selling price for The Carrara at around $3,000 to $3,300 psf on the land area, offering buyers a chance to acquire a home at an appealing quantum before prices are increased to reflect the appreciation in value contributed by the TEL.
Three of the four homes up for sale each feature six bedrooms, occupying land areas ranging between 2,675 sq ft to 3,016 sq ft with built-up areas between 5,530 sq ft to 6,400 sq ft. The fourth home features four en-suite bedrooms and occupies a land area of 2,294 sq ft with a built-up area of 4,700 sq ft. The project is expected to receive its TOP in 1Q2025.
Deferred payment scheme, customisable interiors
In addition to the Star Buy promotions with discounts of up to $250,000 for The Beachfront collection, Sevens Group also have deferred payment scheme on all building under construction developments (excluding The Carrara). Under this arrangement, buyers have the flexibility to exercise the option to purchase at a later date upon placing the option fee thus benefiting buyers that need to sell their homes first before purchasing. After exercising and paying the respective stamp duty fees to IRAS, no further payments need to be forked out by the buyer until the property obtains its TOP certificate.
This deferred payment scheme offers potential buyers ample time to plan out their finances or to offload any existing properties in order to prevent the incurrence of additional buyer’s stamp duty fees on the purchase of a second property.
In addition, Sevens Group offers buyers of their properties the flexibility to tailor the house to better suit their preferences, through their innovative hybrid design-and-build concept. Buyers are given the option to customise the interior materials of their homes, including specifying the materials and finishes.
Buyers will be able to choose from a select range of materials offered by the developer, including different types of marbles, tiles, granites and laminates for their carpentry such as dry and wet kitchen cabinets, wardrobes and vanity cabinets.
To learn more about The Carrara, buyers are invited to visit the sales gallery at 33 Joo Chiat Place, Singapore 427757. For more information, please call the developer’s sales team at 8866 7777, 8488 7777, 8368 7777 or 8721 7777.
https://www.edgeprop.sg/property-news/brand-new-detached-home-pasir-ris-sold-84m-sevens-group
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