Mountbatten Residences @ Arthur Road

The sale was done via its subsidiary for a total of $345 million. This was 20% higher that the reserve price that was at $288 million. There were a total of 10 interested parties that came to bid for the land parcel. The winning bid is translated to $1200 per square foot per plot ratio (ppr) with factoring in approximately $60 million for the extension of the lease. The owners of the typical units at Katong Park Towers were expected to get something from $2.25 million to $3.23 million. For those penthouse units owners, they stand to receive the between $4.95 million and $12.08 million from this sale. One of the factors that drew the interest of Bukit Sembawang to bid for this land parcel is the excellent connectivity to an upcoming MRT Station. The land parcel also has strategic locality and surrounding it will be many iconic landmarks.

Upon completion, this will be another quality residential project that is resided in within Katong’s rich heritage and rejuvenation initiatives under the Kallang Masterplan.  Other developments that are within Mountbatten Residences’s vicinity include Amber 45, 77 @ East Coast, Tedge Condo, Meyer Mansion, Residence Twenty Two, Infini at East Coast, Seaside Residences, Marine Blue and Straits Mansions.

The Katong Estate is a prime residential district that is highly popular with majority of the population. The streets of this residential estate are lined up with many classy and huge houses. Unaware to many, this estate is one of Singapore’s most popular cultural districts. Many affluent locals as well as foreigners are aspired to get a housing here being able to enjoy to cooling sea breeze.

But that will not be sole factor behind the reason for this area being an attractive residential jewel. This estate also offers its residents many conveniences. All the needed amenities are just right at the doorsteps. Katong is famously known for the well-established schools, shopping malls, recreational areas as well as its plethora dining options that this neighbourhood has to offer.  This area is also ideal for those looking to invest largely due to its good capital appreciation as well as its lively environment.

With the rise of its economy, Singapore as a tiny island is one of Asia’s most vibrant nations. A significant contributing factor to its huge success will be its strategic location. The island nation is globally famous for being a main transportation guv which connects to various locations globally. For those who wish to get the most living in this island, one of the great choices will be this thriving neighbourhood of Katong estate. Residents will find that they living near to many attractions that one will desire.

Being one of the coolest neighbourhoods in Singapore, Katong provides its residents several amazing offerings. It has some of the most amazing retail destinations which residents will be able to get simply anything they could think of, right at the doorsteps. There are also eateries, cafes and bars that are lined up around this neighbourhood which serve quality food and services.

Residents can also access to the schools easily. The excellent transport network allows easy access to various amenities in this estate. With just 7 minutes ride, residents will be able to reach The Public Library of Marine Parade branch. There are also various healthcare facilities here. For residents who likes community activates, they could head down to the nearby Katong Community Club or Geylang Serai Community Club where they could have fun and make new friends.

There many factors why a lot of homebuyers pick East Coast properties as one of their top choices. This part of the island not just provides easy accessibility to places in the neighbourhood but also rest of the island. Its advanced network of roads also allows its residents to easily arrive at the schools, shops, restaurants just walking distances away.

To get to Katong from the downtown core is fast via the public transportation. Other areas nearby like River Valley, Novena, Tanjong Pagar, Bukit Timah, Orchard Road are also easily access via bus and train. The multitude of available bus services which connect to this area also makes commuting a breeze for the Katong estate. The nearby major roads also connect Mountbatten Residences easily to the main expressways.

The Katong estate is home of a number of renowned education institutions. Mountbatten Residences’ future residents can easily pick a school in this area for their children.  Most of these education institutions are just walking distances away which make Mountbatten Residences highly desirable for those planning to build their families. The levels of these institutions range from childcare centres, kindergartens, colleges, secondary schools as well as international schools.

The Katong estate is also a retail paradise to many where supermarkets, shopping malls and shops are just walking distances away. For those who live at Mountbatten Residences, they will not have to waste their time to travel to get their necessities. With numerous retail destinations in this neighbourhood, to get anything will just be minutes’ away.

Residents will get a number of retail choices and these malls are very popular as shoppers will be able to get anything they desire for giving them enhanced conveniences. Most of them also have a plethora of food choices, entertainment amenities as well as children playgrounds which provide a wholesome retail experiences.

The Katong Shopping Centre which is situated approximately 6 minutes’ drive way from Mountbatten Residences was completed in 1973. Though the façade has aged, this shopping mall is still ever popular with its offerings. This shopping mall has a wide variety of retail shops as well as offices which provide residents many of their needs. Some of the tenants here include restaurants, employment agencies, tailors, printing services, eye care shops, cosmetic shops.

The I12 Katong is approximately 3 minutes’ drive away from Mountbatten Residences, previously known as Katong Mall. This mall is located in the junction of East Coast Road and Joo Chiat Road. This lifestyle and F&B hub has 6 basement levels and 6 levels of lifestyle and retail shops. This mall houses over 100 specialty stores that offer plethora of services and items. Any shopaholic will enjoy the time here with the incredible mixture of retail, dining and entertainment options. In terms of retail, there are endless options when staying in Katong estate.

The popular East Coast Park is also just 2 minutes from Mountbatten Residences. This park is very popular for various recreational activities such as strolling, roller-skating, jogging, running and cycling. This park stretches more than 15 km of the coast line and has a size of 185 hectares. This famous getaway has approximately 7 million visitors yearly. Other than the exciting sport activities one can enjoy in this park, there are also many dining options where diners can enjoy quality food while enjoying the cooling sea breezes.

For those who like swimming, the Katong Swimming Centre is just located conveniently nearby. It is approximately 6 minutes from Mountbatten Residences. Although old, it has all the essential facilities for a recreational swim or competitive training. It has various pools for family activities, trainings and competitions. The development is also near to the Chinese Swimming Club and Singapore Swimming Club.

Katong today is quite different from the old days. The area was mainly occupied by coconut trees and the coastal areas were for rich residents’ weekend retreats. The estate has since redevelopment into a suburb for residential which features many high-rise apartments. With its many transformations, there is little trace of its past. The heritage centre here will allow not just foreigners but also Singaporeans to get a glimpse of Katong’s early setting. The heritage centres that are located near to Mountbatten will allow history enthusiast to explore.

About the Developer

Bukit Sembawang is one of the front running real estate development firms in Singapore that is publicly listed. The firm was established in 1967 with focuses on real estate development, investment among other activities.

Ever since the firm was incorporated for more than half a century, it has developed excellent developments in the city state which including development of approximately 2,500 residences in the Seletar Hills, over 1,000 homes located in Sembawang Hills as well as other residential projects in approximately 500 locations.

As one of the pioneering real estate development companies in Singapore, Bukit Sembawang has earned its reputation as a well-trusted real estate development which offer high quality landed housings, private condominiums and apartments. Some of the company’s past track records include Saraca Gardens, Skyline Residences, Paterson Collection, Mimosa Terrace, The Vermont on Cairnhil and Luxus Hills.

Its exceptional contributions to the real estate industry have not been without notice. With its enduring reputation, the company has won several accolades and awards. It is known as a developer with quality finishing, advanced engineering, amazing designs and thoughtful planning. Its developments have surpassed the real estate industry standards and provide many satisfactions to its occupants.

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For drivers, Mountbatten Residences is approximately 15 minutes’ drive away from the Central Business District (CBD) and also just approximately 15 minutes of driving to the Orchard Shopping District. From the nearby main arterial roads of Fort Road and Mountbatten Road, future residents can also linked seamlessly to the East Coast Parkway (ECP) and the Kallang Paya Lebar Expressway (KPE) respectively.

Amenities
In terms of shopping and dining amenities, future residents of Mountbatten Residences can head down to the nearby Marine Parade Town Centre, where numerous shopping malls are located. Future residents will be spoilt for choices with the numerous retail and dining establishments locating in Parkway Parade, I12 Katong, Katong V and The Odeon Katong which are just within the Town Centre’s vicinity. Right at the Town Centre, future residents can also find supermarkets and the Marine Parade Central Market and Food Centre where they could get fresh market produce, local food as well as their daily necessities.

Schools
For family with school going children, Mountbatten Residences is near to Kong Hwa Primary School, Tanjong Katong Primary School, Dunman High School, Chung Cheng High School (Main), Broadrick Secondary School, Tanjong Katong Girls’ Secondary School and Tanjong Katong Secondary School.

To summarize,

1. Serenity – It is located in the quiet private residential enclave.
2. Prime – It is located in the prime District 15.
3. Locality – It is just walking distance to the future Katong Park MRT Station.
4. Accessible – It is minutes to the CBD and Orchard.
5. Reputable Developers – It is developed by Bukit Sembawang.