Affinity at Serangoon is a brand new condominium to be developed at Serangoon North Avenue 1, District 19. The substantial 296,913 square feet land was a former privatised HUDC estate Serangoon Ville that has an age of more than 3 decades. Reacting to market sentiments in 2017, an Oxley-led consortium bought the land at $499 million, 10% – 20% more than what the owners are expecting between $400 million to $430 million.
The sixth en bloc deal in 2017, buyers(Oxley Holdings, Lian Beng Group, Apricot Capital and entities of KSH Holdings and Heeton Holdings.) have to pay approximately $195 million to top up the lease to 99 years for Affinity at Serangoon. The former Serangoon Ville consists of only 244 maisonettes and typical apartment units with large floor area between 1,625 sq ft to 1,733 sq ft. This will soon turn into a beautiful development with 1012 luxurious apartment units and 40 townhouses with 5 retail shops!More details: http://singaporepropertylaunch.com.sg/affinity-at-serangoon/