360-unit Concourse Skyline signals confidence in Singapore’s property market
Leading property investment and development company, Hong Fok Corporation, today launched a new 360-unit residential development that offers sweeping waterway and city views, and over-looks Singapore’s newest and most exciting attractions.
The Concourse Skyline will be at the centre of Singapore’s new ‘action’ zone. Over-looking the newly developed pit lane of the Singapore GP; the proposed Singapore Sports Hub, and the upcoming Marina Bay Integrated Resort, the location will offer buyers buzz and excitement year-round.
Complementing the action activities are the attractions of the nearby Singapore Flyer and the future Gardens by the Bay, and an unmatched location next to Singapore’s convention and business centre.
The development, which includes 40-storey and 28-storey residential towers, is targeted at city-dwellers seeking an exciting and fast-paced lifestyle in one of Singapore’s future prime property districts.
Hong Fok Director SE Cheong said the developer and marketing agents are confident the development will attract strong interest from buyers, both in Singapore and abroad.
The development, designed by internationally renowned architect Philip Cox, will offer a range of one-to-four bedroom apartments, skysuites, penthouses, and super penthouses.
“We believe there is strong underlying demand in the Singapore market for appropriately priced and unique developments. We believe the Concourse Skyline meets those criteria and is priced to sell.”
Mr Cheong said Hong Fok was targeting an average sales price of between SGD$1,500 to SGD$1,800 per square foot (psf) for the one-to-four bedroom apartments.
“Concourse Skyline represents a strong investment opportunity in terms of likely capital appreciation, and we anticipate will also generate above-average rental returns to the owner.”
The two 10,000sqf-plus super penthouses, four expansive penthouses, and four unique two-storey skysuites, all with individual swimming pools, ensures the development meets the needs of a variety of buyers, Mr Cheong said.
To enhance the living experience, the Concourse Skyline offers residents the opportunity to retreat to a Sky Garden on the 29th storey, or enjoy the recreational facilities of a lap pool, gym, hot spa and jacuzzi, and barbecue area on the 5th floor.
The 99-year leasehold property will be previewed to selected buyers in upcoming days.
Mr Cheong said the Concourse Skyline offered a front-row seat to Singapore’s action zone.
“As the only significant residential development in that area, the Concourse Skyline will have unobstructed views across a ring of exciting attractions, offer the joys of waterfront living, and is at the centre of an area that has the potential to become one of Singapore’s future prime residential districts.”
About Hong Fok
Hong Fok Corporation is a public company listed on the Singapore Exchange. Over the decades, Hong Fok Corporation has developed, managed and invested in an extensive portfolio of high grade properties, including condominiums, landed housing, serviced apartments, hotel, offices, retail, factories, and warehouse developments. The company has a track-record of developing stand-out buildings and projects, such as the Hyatt Hotel, the La Ventura, and Grangeford. Current investment properties held by Hong Fok Corporation include the International Building and The Concourse.