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Hong Leong previews freehold Kassia - the final project in Flora Drive – at prices from $883,000

/ EdgeProp Singapore |

July 4, 2024 12:19 PM SGT

Show unit of a one-plus-one bedroom at Kassia (Photo: Hong Leong Holdings)

On July 6, Hong Leong Holdings will preview Kassia, its final development in Flora Drive, off Upper Changi Road North, with the sales to start on July 20.

The 276-unit, freehold condo is the final phase in the Flora Drive-Flora Road private residential enclave, which was first launched three decades ago by Tripartite Developers, a joint venture between Hong Leong Holdings, City Developments Ltd (CDL), and TID (a joint venture between Hong Leong Holdings and Mitsui Fudosan).

Given that it's in the Flora Drive-Flora Road enclave, the condos have floral-inspired names and were launched alphabetically. It started with the 316-unit, 999-year leasehold Azalea Park, which was launched in the mid-1990s, followed by the 365-unit Ballota Park, the 528-unit Carissa Park, the 299-unit Dahlia Park, the 517-unit Edelweiss Park, the 475-unit Ferraria Park, the 329-unit The Gale, the 501-unit Hedges Park, the 396-unit The Inflora, and the 428-unit The Jovell.

Including Kassia, Tripartite Developers would have developed 11 private condos with 4,430 units in the entire Flora Drive-Flora Road enclave.

Arrival and drop-off area of the upcoming Kassia at Flora Drive (Picture: Hong Leong Holdings)

The last project launched in the neighbourhood was the 99-year leasehold, The Jovell, in September 2018. It was entirely sold and completed in 2022. The latest transaction was for a 904 sq ft, three-bedroom unit that changed hands for $1.339 million ($1,481 psf), based on a caveat in May.

The freehold Kassia will have four 8-storey blocks on a 150,839 sq ft site. The development has a mix of one- to four-bedroom units, with sizes starting from 473 sq ft to 1,345 sq ft.

Prices start from $883,000 ($1,867 psf) for a 473 sq ft, one-bedroom unit, $1.196 million ($1,823 psf) for a two-bedder of 656 sq ft, $1.659 million ($1,835 psf) for a 904 sq ft three-bedder and $2.462 million($1,830 psf) for a four-bedder.

Mark Yip, CEO of Huttons Asia, says that new 99-year leasehold launches in the Outside Central Region in recent years have been launched at an average price of $2,100 to $2,200 psf. Kassia is freehold, with prices from $1,800 psf, which is a price level not seen since pre-COVID. "This is a golden opportunity for buyers to own freehold property," he adds.

The project is expected to obtain its Temporary Occupation Permit (TOP) in November 2027. Over the years, the area has developed into a desirable residential enclave, especially for those working in employment clusters in the east, such as Changi Business Park, Changi Airport and the Airport Logistics Park. It's also near the Singapore Expo, Changi Village, Changi Beach Park and the new Komo Shoppes.

Two-bedroom units at Kassia start from 656 sq ft and are priced from $1.196 million ($1,823 psf) [Picture: Hong Leong Holdings]

Schools in the area include St Hilda's Primary School, Temasek Polytechnic, Singapore University of Technology and Design, and the Japanese School.

According to Hong Leong, Kassia is within a bus ride of seven MRT stations: Tampines East and Upper Changi on the Downtown Line; Pasir Ris, Tampines, and Expo on the East-West Line; and the upcoming Pasir Ris East and Loyang on the Cross-Island Line, which is expected to be ready in 2030. "We believe the new transportation infrastructure and our competitive pricing will attract buyers who value the project's attributes," says Betsy Chng, head of sales and marketing at Hong Leong Holdings.

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