Terra Hill Condo at Yew Siang Rd, West Coast, 400m from Pasir Panjam MRT Station. Located on an elevated site between Kent Ridge Park and the upcoming Greater Southern Waterside development, it offers residents views across the city skyline.
With so many amenities, it includes everything from swimming pools, spas and Jacuzzi to cooking and dining pavilions, gyms and clubhouses, set amid beautifully landscaped gardens.
But what sets this property apart is that it is gifted with a rare combination of qualities. Its total area is measured at 208,443 square feet. That’s bigger than most residential projects today. And a very convenient location near the MRT station. Not too common anymore.
It’s located near the city center, and has all the promise that comes with that location.
This site used to be part of the old Flynn Park, which is now a private residential enclave. Surrounding it are buildings made up of both high-rises and low-rises.
Located in the heart of Greenbelt 5, the Terra Hill condominium offers residents an exclusive lifestyle experience within a peaceful environment. It provides comfortable living space for people who want to live a stress-free lifestyle.
It’s no surprise that the bidding for the original Flynn Park En Bloc Collective Sale was “keenly contested.” Such almost ideal properties are rare.
A partnership between Hoi Hup Realtors and Sunway Group has been selected to develop and launch the new development at Jalan Tun Razak.
The Terra Hills condominium project is expected to sell pretty fast too, given its current launch record and the fact that most of the nearby properties are already fully booked up.
About the Terra Hill Condo Location
Google Street View of the entrance to the site. Former Flynn Park
Our condo is located along the West Coast of Singapore, near Pasir Panjang. It’s not as well know or hyped, as its east coast counterpart, the East Coast (which has been described by some as “the new Marina Bay”).
So it might be cheaper for now, but it could potentially provide a bigger return down the line.
The Pasir Panjang Port off the coast here used to be an anchor for depressed property prices, but now it’s going to move to Tuas, where it will expire in 2027.
In its place will come the Greater Southern Waterfront District, URA’s grand redevelopment project for the entire west coast. It will stretch across 30 kilometers of coastal land from Gardens By The Bay to Pasir Panjang. It will revitalize the West Coast and make the area an exciting place to live in. Alongside that, house prices in this area are anticipated to increase.
For example, the Terra Hill location is very attractive because it is located near the CBD, which is actually within the RCG (Rest of Central Region). However, it is situated next to a natural reserve, part of the southern ridges’ green belt.
It is also close by the Research and Business Park (RBP) of Kent Ridge, Buon Vista, and Maple trees, which includes the universities of Nanyang Technological University (NTU), Singapore Management University (SMU), National University of Singapore (NUS), Singapore Institute of Technology (SIT). There are also several large companies located here, including IBM, Microsoft, Google, Cisco Systems, Intel, Accenture, etc.
Such prime mid-size properties are exactly what developers are looking for. Moreover, once completed in 2025 the Circle Line will connect this new project to Marina Bay Financial District within just seven stops.
However, despite its tranquil setting, this estate is actually just five minute’s drive from various universities, research centres, and business parks. Those could be sources of tenants and potential buyers.
If you’re looking for a good investment property in western Singapore, Terra Hill might be worth considering.
TERRA HILL PRICE RANGES
Pricing for the condos at Terra Hills has not yet been determined and will be released nearer to the launch date.
The Terra Hills site is the former Flynn Park, which was developed by Hoi Hup Realtors and Sunway Development Corporation (SDC) under their joint venture agreement. SDC won the tender for the development in September with a winning price of $371 million.
The above price excludes a development fee of approximately $24 million to raise the plot ratio from 0.7 to 1.4. There’s an extra $16 million development cost for the additional 7% added gross building area.
If we add up all the costs involved (construction, financing, and operating expenses), the project might end up costing us approximately SGD$2,500 per square foot.
About the Developer
Terra Hill Singapore is under development by Hoi Hup Realtors and Sunway Properties. They’re both reputable and well established developers who’ve been working together for several years now.
Their joint works in Singapore include projects like Sea Esta (Sea Estate), Miltonia Residences (Milton Park), The Peak@Toa Payoh (The Peak) and Vacanza (Vacation). They also built the Royal Plaza @ Boon Kheng and the 33-storey high Novena development.
A joint venture between Hoi Hup Realties and Sunway Developments has been selected for development at Terra Hills. Mr Wong Wee Chun, Hoi Hups’ chairmen and managing director, called the site a rare hill-side property. This quiet, low-density residential enclave is located at the southern end of Kent Ridge Park, which has a peaceful atmosphere. It offers residents an escape from the hustle and bustle of city life.
