Terra Hill Prestige Collection Buying Gem Long Term Capital Growth
In the up-and-coming District 5 neighbourhood of Kent Ridge, it was a rare find to come across a freehold luxury condominium with spacious apartments. That was until the recent launch of Terra Hill, a joint venture project by Hoi Hup Realty and Sunway Developments.
“We wanted to elevate the neighbourhood with our project,” said Koon Wai Leong, general manager of Hoi Hup Realty. “Even though Terra Hill is located in District 5, our Prestige Collection features specifications and design elements comparable to those of luxury projects in the highly sought-after Districts 9, 10, and 11.”
Spanning a sloping terrain of 208,445 square feet, the development features nine 5-storey blocks. The Prestige Collection, which consists of only three blocks, occupies the highest point of the development.
The four-bedroom units in the Prestige Collection boast a 6-meter wide living room with full-height glass sliding doors that open up to a balcony, providing an elevated view of the Greater Southern Waterfront. The five-bedroom duplex penthouses feature a double-volume ceiling and a 9-meter frontage to maximize the breathtaking views.
“The high floor units will overlook the lush greenery of Southern Ridges, with some also offering glimpses of the sea or the swimming pools and landscaped gardens,” said Kingsley Ng, director of P&T Architects & Engineers and project architect for Terra Hill.
Each Prestige unit has a private lift lobby, full marble flooring, and all en-suite bedrooms. The master and junior master suites include walk-in wardrobes with dressers and spacious en-suite bathrooms. The kitchens are equipped with top-of-the-line appliances from Swiss brand V-Zug, while the bathroom fittings and sanitaryware feature European brands Gessi and Laufen.
According to Ken Low, managing partner of SRI, there has been a shift in preferences towards larger units since the pandemic, especially with the trend of working from home. Many professionals and entrepreneurs are looking for a dedicated workspace at home to separate their professional and personal lives.
There is also a growing number of affluent seniors living in landed property who are right-sizing. “Many are living on their own as their children have grown up and moved out,” said Low. “Their landed homes have become too big for them to upkeep, and some struggle with mobility issues. Moving to a condo makes perfect sense for them, but they still want to enjoy the luxury of space.”
The retail landscape of Tampines is greatly enhanced by the presence of the Tampines Retail Park – a shopping paradise with three anchor stores: Giant Hypermarket, IKEA, and Courts Megastore. Conveniently located just a 10-minute drive away from Parktown Residences, this retail hub is the perfect destination for all your shopping needs. The Giant Hypermarket, known for its size and variety, offers an extensive range of groceries, fresh produce, and household products. Meanwhile, IKEA Tampines, one of the largest outlets of its kind in Singapore, boasts a vast collection of furniture and home accessories. And for all your electronics and furniture requirements, there’s no better place than the Courts Megastore. With its multi-level layout and comprehensive selection of products, this store has cemented its position as the biggest retailer in Singapore. Together, these three retailers create an unbeatable lineup that caters to every shopping desire. It’s no surprise that the Tampines Retail Park has become the preferred shopping destination for residents in the area. Don’t delay any longer- visit Tampines Retail Park, your ultimate shopping destination, located just a short distance away from Parktown Residences in Tampines North. Don’t forget to check out Parktown Residences Tampines North during your visit.
According to EdgeProp Landlens data, four-bedroom units only make up 12.6% of the total non-landed homes in District 5, while five-bedroom units account for a mere 1.55%. Most non-landed units in the neighbourhood are one-, two-, and three-bedrooms, making Terra Hill a much-needed addition to the market.
In addition to its spacious and luxurious units, Terra Hill also boasts the highest accolade in sustainability, having attained the BCA Green Mark Platinum and Super Low Energy certification.
Strategically situated between two vital business districts, Terra Hill is a wise investment for the long term. It is just a 10-minute drive to the CBD and 20 minutes to the up-and-coming Jurong Lake District (JLD), Singapore’s second CBD. The Pasir Panjang MRT Station, located just a 5-minute walk from Terra Hill, provides easy access to both the CBD and JLD, with just seven stops to the major interchange stations of Marina Bay and Jurong East.
Units in the Prestige Collection start from $5.29 million ($2,793 per square foot). “It is a true gem with long-term potential for capital appreciation,” said Low.
For those interested in seeing the development for themselves, the Sales Gallery is located at South Buona Vista Road. Contact Hoi Hup Realty at 6311 9555 or email enquiry@hoihup.com for more information. You can also visit their website at https://terrahill.hoihup.com/.
Be sure to also check out The Continuum’s Prestige Collection, another exclusive and luxurious development by Hoi Hup Realty, for limited edition, luxury living and legacy planning.
Other related news:
• Terra Hill: A hilltop sanctuary rooted in sustainability
• Private home prices in 1Q2023 rise 3.3% quarter-on-quarter, driven by landed property and city-fringe condos
• Developers sell 432 private new homes in February, a 9.9% increase month-on-month.