Margaret Ville @ Margaret Drive (D03)
LUXURY, NATURE, EXCLUSIVITY
Tentative Timeline :
Show Flat Open for Preview : 19 May 18
Show Flat Close : 30 May 18
Main Launch : 2 June 18
Indicative Pricing :
1 bedroom : From $950,000
1+Study : From $1,100,000
2 bedroom (657 sqft) : From $1,350,000
2+Study : From $1,680,000
3 bedroom (915 sqft) : From $1,850,000
4 bedroom : From $2,450,000
A residential site in Margaret Drive drew bullish bids from 14 developers eager to replenish their land supply in the last Government Land Sales (GLS) tender for the year 2016.
MCL Land offers for the 22,195 sq m site, it lodged $238.39 million, or $997.85 per sq ft per plot ratio (psf ppr) - 7.9 per cent higher than the second-highest bid from Allgreen Properties at $220.9 million. It is located between two MRT stations, Commonwealth and Queenstown. Estimates selling between $1,700 to $1,800 psf.
The price of the Margaret Drive site exceeds those of nearby sites such as Commonwealth Towers, which cost $883 psf ppr, and Queens Peak, which cost $871 psf ppr.
Commonwealth Towers has fully sold out with average $1,729 psf and Queens Peak has sold at average $1,658 psf as of 14 Nov 2017.
Margaret Ville is the all-new, soon to be launched condominium located along Margaret Drive and parallel to Commonwealth Avenue. Made up of 309 units, this development by the renowned real-estate developer, MCL Land has unit mixes that include a wide selection ranging from 1-bedroom to 4-bedroom premium.
At Margaret Ville, one can enjoy the tranquillity of the neighbourhood and the convenience of travelling to the Central Business Districts given that it is situated within walking distance to both Commonwealth and Queenstown MRT Station and just merely just 4 MRT stops to Tanjong Pagar and Jurong East. Vehicle owners can easily access the Pan Island Expressway (PIE) via Farrer Road and Ayer Rajah Expressway (AYE) via Queensway in just about 5 minutes.
Residents will be spoilt for choice with a wide range of shopping, dining and entertainment options over at nearby Queensway Shopping Centre, IKEA Alexandra, Clementi Mall, The Star Vista and Holland Village. In addition, Margaret Ville is just a mere 5 minutes’ drive to the heart of Orchard and its shopping belt.
It is within close proximity to prestigious academic institutions such as the National University of Singapore (NUS), Nanyang Technological University (NTU), Singapore Polytechnic (SP) and Ngee Ann Polytechnic (NP) amongst many others.
Furthermore, with the huge influx of prospective tenants particularly from the various technology and infocomm hubs in the Alexandra and One North precinct which is home to a large number of local enterprises as well as Multi-National Corporations, it is very likely that Margaret Ville will realize good rental yields.
Margaret Ville Project Details :
Margaret Ville Location :
Margaret Ville located near the Commonwealth MRT station and is close to the Ayer Rajah Expressway.
It is close to shopping, dining and entertainment options at Queensway Shopping Centre, IKEA Alexandra and Alexandra Central. Lifestyle clusters such as Holland Village, Rochester Park and Dempsey Hill are also a short drive away.
Convenient for families with school-going children, schools such as Queenstown Primary School, Queensway Secondary School and Anglo-Chinese School (International), are located within the vicinity.
Nearest MRT Stations
-- NW20 Commonwealth MRT Station (0.58 km)
-- NW19 Queenstown MRT Station (0.6 km)
MCL Land is a leading property group in Singapore. A member of the Jardine Matheson Group under Hongkong Land Holdings, MCL Land has a long track record of building quality homes in Singapore and Malaysia over the last 50 years. The Group has an extensive portfolio of prime residential properties in Singapore and Malaysia, which are held through more than 15 subsidiaries and associates.
Our commitment is to be a premier and reputable property group, equally dedicated to providing excellent customer satisfaction and growing shareholder value.
Contact Developer Sales Team to receive updated information.
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