Stirling Residences, located in the heart of Stirling Road, Queenstown, is not just another condominium; it’s a symbol of luxury, grandeur, and an investment opportunity like no other. In this comprehensive guide, we’ll explore why Stirling Residences is the ultimate choice for those seeking an opulent lifestyle and a promising investment in Singapore’s thriving property market.
Stirling Residences: The Epitome of Luxurious Living
Set on a sprawling 99-year leasehold site under the Reserve List of the Government Land Sale Programme (GLS) by the Urban Redevelopment Authority of Singapore (URA), Stirling Residences offers the promise of luxury living in a vibrant urban setting. The site covers a substantial 227,221 square feet of land with a gross plot ratio of 4.2, making it suitable for the development of approximately 1,110 residential units.
A Record-Breaking Investment
The buzz surrounding Stirling Residences doesn’t stop at its prime location and immense potential. The top bid for this new launch condo reached a remarkable milestone. It was jointly submitted by units of China’s renowned Nanshan Group and Hong Kong’s Logan Property. The winning bid crossed the billion-dollar mark, reaching an astounding S$1.003 billion. This record-breaking price tag signifies the confidence investors have in this exceptional project.
The winning bid also marks a significant increase from the previous record, set in 1997, for a residential site at S$457 per plot ratio (ppr). Stirling Residences’ bid at S$1,050.71 psf ppr was 8.3% higher than the second-highest bid of S$970 psf ppr. This achievement reflects the immense potential and value that Stirling Residences offers to investors.
Project Highlights
- Unit Types: Stirling Residences offers a wide range of unit types to cater to different preferences. From cozy 1-bedroom apartments to spacious 5-bedroom penthouses, you’ll find the perfect home that suits your needs and lifestyle.
- Total Units: With 1,259 units in total, Stirling Residences provides a bustling community of residents, creating an environment that fosters social interactions and community living.
- Expected TOP: The development is expected to be completed by 2022, offering a fast turnaround time for both residents and investors.
- Location: Nestled on Stirling Road, Stirling Residences benefits from its central location, providing easy access to various amenities, transportation hubs, and key destinations.
- Site Area: The substantial land area of 21,109.5 square meters ensures spacious living and abundant green spaces for residents to enjoy.
- Lease Period: With a 99-year lease, Stirling Residences provides stability and a long-term investment opportunity.
- Allowable Development: The development is exclusively residential, emphasizing a serene and harmonious living environment.
- Permissible Gross Floor Area (GFA): The ample GFA of 88,660 square meters allows for the creation of comfortable, well-designed living spaces.
- Maximum Building Height: Part 4-storey and part 163 meters above mean sea level (AMSL) offers residents scenic views and an elevated living experience.
- Project Completion Period: With a project completion period of 60 months, Stirling Residences ensures the swift delivery of your dream home.
Investment Potential
Investors are naturally drawn to Stirling Residences for its promising outlook in the property market. The partnership between Nanshan Group and Logan Property marks an exciting entry into the Singapore market. This collaboration, coupled with the record-breaking bid, showcases the investment potential of Stirling Residences. Whether you’re considering this as your next home or as an investment opportunity, the potential for capital appreciation and rental income is evident.
Conclusion: Stirling Residences—Where Luxury and Investment Converge
In Stirling Residences, luxury living and investment potential seamlessly intertwine. Its strategic location, impressive amenities, and record-breaking investment value make it a standout choice for those who seek not only a grand living experience but also a wise investment.
Stirling Residences is not just a place to live; it’s an investment in a brighter and more prosperous future. Whether you’re planning to reside here or leverage the investment potential, this is your gateway to a life of luxury and financial growth. Secure your future today with Stirling Residences.
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Stirling Residences Resale & Leasing Team
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