The joint venture will develop Stirling Residences to be a premium residence at the city fringe
June 18, 2018
Last year, Hong Kong’s Logan Property and Chinese developer Nanshan Group bid a record $1billion for a large plot of land (21,190 sq m) at Stirling Road.
They aim to jointly develop a world class masterpiece on the site named Stirling Residences, which is likely to launch in July 2018.
The bid was the highest quantum for a residential site sold on the Government Land Sales (GLS) scheme to date, and the price may be justifiable by its prime location.
When it is completed, it will be conveniently located within 3 minutes by foot from Queenstown MRT station and residents can also enjoy the many amenities in the mature estate.
Whether it is in hawker centres, hipster cafes, or quaint restaurants in Dempsey Hill, delicious food is within easy reach. For exercise and recreation, Botanic Gardens is within cycling distance. In addition, the shopping belt of Orchard Road is only a 15-minute drive away.
For corporate professionals who will live here, home is only a short drive from offices at Mapletree Business City and one-north business park. With proximity to the MRT station, getting to the Central Business District and Orchard Road is also a breeze.
The property’s connectivity translates to high rental demand and yield for homeowners who will be looking to rent out their units.
Within the project, future residents can expect forest-themed facilities and lush green landscaping that creates a green oasis at the city fringe.
The two award-winning property developers are well-reputed for building quality developments.
This will be Logan Property’s first endeavour in the Singapore market and it will bring to the table a wealth of experience of building high-quality developments in the Guangdong-Hong Kong-Macau Greater Bay Area.
China-based Nanshan Group has expanded globally recently. In Singapore, it participated in eight out of 11 tenders launched in the last 12 months. In 2016, it bagged the Best High-End Condo Development in SEA award for Thomson Impressions.
Backed by renowned developers and located right at Singapore’s city fringe, Stirling Residences is certainly a masterpiece in the works and will be one to watch.