The Terrace - 4 Units for Rent

The TerraceLocated in a part of District 19 that is undergoing major investment and development, The Terrace is an executive condominium that overlooks the Punggol Waterway. It has 747 residential units, mainly made up of 3 and 4 bedrooms, that come in both standard and the larger premium layout. Overall the units are large compared to others in the area, and The Terrace has a good selection of facilities on a distinctive 3-tired terrace that runs through the development. The project is very conveniently placed for Kadaloor LRT (right outside), Waterway Point Mall, Coney Island, Sengkang Riverside Park and the TPE, while commuting into the CBD will take around 35 and 20 minutes by MRT and car respectively. Kheng Leong Group started as an international commodity and spice trading company in Singapore which later grew into an investment group with passion in property development and real estate investment. Currently the group has a portfolio of projects with strategic partners across the Asia Pacific region including Sydney, London and United States.The Terrace – Unique Selling PointsThe units at The Terrace are larger than a lot of other condominiums and executive condominiums it is competing with. It also has a good number of facilities, and overlooks the waterway. There are many amenities of all types and for all tastes just a short drive or ride away, ranging from Coney Island and Sengkang Riverside Park to the very large Waterway Point Mall. Kadaloor LRT Station is right outside The Terrace meaning commuters can be in the CBD in less than 40 minutes door to door. The area is undergoing considerable development in terms of residential, infrastructural and commercial investment.The Terrace – AccessibilityKadaloor LRT is right outside The Terrace, which is then around a 35 minute ride into Raffles Place via Punggol MRT 3 stops away. Catching the bus is also very easy, with a stop right in front of The Terrace and route 50 getting you directly to Bishan, Ang Mo Kio, Yio Chu Kang, Sengkang and Punggol. Car drivers are catered for, with the TPE being a 3 minute drive from the development. That means that assuming favourable conditions, it is less than 20 minutes into the CBD, via the KPE.The Terrace - Amenities & AttractionsDining near The Terrace:Mei Chin Seafood RestaurantOld Chang KeeAl Habib Indian Muslim FoodThe Rosti FarmShopping near The Terrace:Punggol Town HubWaterway Point MallSchools and Education near The Terrace:Horizon Primary SchoolWaterway Primary SchoolGreendale Primary SchoolGreendale Secondary SchoolThe Terrace - Project informationThe Terrace is an executive condominium located in a very much up and coming area of Singapore overlooking the Punggol Waterway. It has 747 residential units, made up of mainly 3 and 4 bed properties, meaning it is squarely aimed young couples with a family or those planning on starting one. The Terrace, which is made up 12 blocks ranging from 13 to 17 storeys, also has a small number of penthouses, while the 3 and 4 bed units come in either standard or the larger premium format. A distinctive 3-tiered terrace runs through the development, on which are located The Terrace’s facilities, divided up into active, leisure and tranquil. These include a 50-metre swimming pool, gymnasium, yoga deck and hammock lounge.Project Name: The TerraceAddress: Junction of Punggol Drive and Edgedale PlainsType: Executive CondominiumSite area: Approx. 259,034 sqftTenure: 99 years from 30 Oct 2013District: 19Configuration: 747 unitsUnit types:143 x 3-bedroom units (1001 sqft)401 x 3-bedroom premium units (1076 – 1173 sqft)126 x 4-bedroom units (1313 sqft)67 x 4-bedroom premium units (1442 sqft)10 x 5-bedroom penthouse units (1711 sqft)Maintenance fees: Approx. $270 – $500 per monthParking lots: 747 normal lotsExpected TOP: March 2018Expected legal completion: March 2021The Terrace - Historical DataAs of November 2015, the number of caveated transactions at The Terrace stood at 243. Prices for those sales ranged from $748K to $1.473M, with approximately 62% being at $1M or below. With regards to the median prices for The Terrace, from that data, they are $801 psf and $829 psf for the 3 bed and 3 bed premium units, $793 psf and $809 psf for the 4 bed and 4 bed premium units and $831.5 psf for the 5 bed penthouses.The Terrace - Related ProjectsThe following projects are by the same developer as The Terrace:Oasis GardenThe Eden @ TampinesOne North ResidencesThe Terrace - Nearby ProjectsThe following developments are in the same neighbourhood as The Terrace:The Amore ECRiverparc Residences ECRiver Isles