Artist’s impression of Sturdee Residences in the Little India district.
SL Capital, a subsidiary of property developer Sustained Land, will officially launch Sturdee Residences at Sturdee Road in the Little India district in the coming weeks, revealed marketing agent ERA Realty Network.
According to Eugene Lim, Key Executive Officer of ERA, “the showflat is expected to open for viewing on 9 April, while booking of units is expected to be held two weeks later on 23 April”.
Located near Farrer Park MRT station and the upcoming Bendemeer MRT station on the Downtown Line, the 99-year leasehold project will comprise 305 units. Prospective buyers can choose from one- to five-bedroom units, with sizes ranging from 420 sq ft to 1,830 sq ft.
Other nearby amenities include City Square Mall, Connexion, ARC 380, and established schools such as Anglo Chinese Primary School, St Joseph’s Institution and St Margaret’s Primary School.
Another plus factor is its panoramic views of the city.
While the developer declined to reveal the selling prices of units at this time, Lim noted that transaction prices at nearby residential projects have been in the range of over $900 psf to almost $1,800 psf.
According to data from the Urban Redevelopment Authority (URA) and ERA Research, apartments at Kerrisdale along Sturdee Road fetched between $953 psf and $1,233 psf last year. Over at City Square Residences along Kitchener Link, units are going from $948 psf to $1,770 psf.
SL Capital submitted the highest bid of $181.2 million for the 65,785 sq ft site in March 2015, which translates to $787 psf per plot ratio.
Sturdee Residences is expected to receive its TOP by 2020.
Aerial view of the Sturdee Residences site. (Photo: URA)
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
