Royal Hallmark - New launch project build on Haig Lane land cost $32.8 million

Royal Hallmark Condo will be built on Haig Lane land for $32.8 million

According to the latest information, Royal Hallmark built on the land has been sold for 32.8 million. Casuarina Properties has sold the 25,054 square foot vacant land at the intersection of Haig Road and Haig Lane to a partner that includes companies connected to Terence Goon of Nobel Design, Patrick Kho of Lian Huat Group , David Ong and Von of 2E Capital Lee.

There is currently a three-story building in the District 15 area with a total of 10 terrace apartments and a small house on it. Development was completed more than two decades ago, although some renovations were made about ten years ago. The majority of leases on the land are due to expire in early 2022, so most are now rented.

Royal Hallmark Condo will build a five-story low-rise condominium on the site, designated for residential use under the 2019 Master Plan. The plot ratio is 1.4. It has the capacity to accommodate up to 32 mansions, each with an average area of ​​100 square meters. The $32.8 million price tag includes a development fee (DC) of approximately $264,602, which equates to a land-per-lot rate of $943 per square foot (psf ppr). If the developer used the additional 7% total floor space for the balcony, the price could drop to $924 psf ppr (for $1.86 million DC).

If you want to know more about the connectivity and amenities around this new apartment, check out Royal Hallmark Lifestyle for more interesting things!

Image of Royal Hallmark's land parcel and its location on the map

Expand Construction's CEO, Lee of 2E Capital, has revealed his intention to begin construction of the residential property as planned in the fourth quarter of 2021. The Lee Foundation and members of the Lee family own and operate operating Casuarina Properties.

Royal Hallmark attracts investment by convenient connection to neighboring areas

Royal Hallmark Residences is a new project launched this year, located at 1 Haig Lane in District 15 Singapore. This project is of interest to investors as it is conveniently located in a low density residential area. Driving from Royal Hallmark to Orchard Road or the Central Business District (CBD) through the Pan Island Expressway takes approximately 10-15 minutes (PIE). In particular, this new apartment is located near various facilities such as East Coast Park, Parkway Parade, Kinex, Paya Lebar Square and other destinations for entertainment and impressive sightseeing.

For parents interested in education, the Royal Hallmark is an ideal location for homeowners with children. There is a long list of reputable educational institutions in District 15. Tanjong Katong Primary and Secondary Schools are just across the street. Other schools worth mentioning nearby include Chung Cheng High School, Kong Hwa, and CHIJ. For investors, international schools located nearby will attract many potential expat families.

Located in a peaceful neighborhood of District 15, Royal Hallmark is a new project that is expected to become a luxury development with exquisite local amenities and masterpieces. Offering a wide range of conveniences from the preliminary to the extremely detailed, this development will provide you with amazing experiences where every moment of your life is preserved. This project is currently in the process of releasing scarce information, so stay tuned for new information as we will constantly update this page.

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