Singapore is one of the best developed cities and is widely considered to be the financial hub of Asia. As a result real estate in Singapore is in demand with prices increasing. One of the better options for real estate investors in Singapore is the newly launched condo project of Oxley Holding limited named The Verandah Residences Pasir Panjang at 231, Pasir Pajang road in the south west area. While most construction in Singapore is on leasehold land leased from the government for a period of 99 years, the new project is one the few freehold plots available in the area, and is a better investment in the long term.
The Verandah Residences Colonial Houses Concept at Pasir Panjang
The plot at land for Verandah Residences Colonial House was acquired by Oxley Holdings Ltd through Oxley Amber, its fully owned subsidiary from Casuarina properties in July 2017 for a consideration of Singapore $121 million. Oxley Holdings started as a small real estate business in Singapore in 2008 and has quickly expanded to more than 12 countries worldwide including Malaysia, Japan, Vietnam, Cambodia, United Kingdom, and Australia. The company is involved in the construction of a large number of residential, commercial and industrial projects in Singapore and elsewhere. It is also involved in project management and offers consultancy services.
The Verandah Residences Black And White Building
The Verandah Residences is located in district 5 of Singapore in the Pasir Panjang area close to the Jurong central business district. The plot has a site area of 89620 square feet and a gross floor area of 125468 square feet. While the number of blocks and storeys have not been finalized, approximately 170 residential units are being planned. The Verandah Residences units will be of different sizes ranging from smaller 1 bedroom units to larger 4 bedroom units and strata landed house. There will be advertisements technology for the development at Pasir Panjang. All the luxury amenities like clubhouse, function room, swimming pool, play area, jogging track are being planned for the apartment complex, with design integrating the traditions and history of the area.
The Verandah Residences Freehold Condo Pasir Panjang
The Verandah Residences Freehold Development Pasir Panjang area is conveniently located, close to the Pasir Panjang MRT on the circle line and Haw Par Villa MRT station which are only a few minutes away, allowing the residents of the area to reach any other part of Singapore quickly. The west coast area of the country was developed on reclaimed land, and more people are shifting to the area as it is close to Jurong Central Business District. The Verandah Residences Oxley Holdings is close to the West Coast road and Ayer Rajar Expressway allowing people to reach any part of the city conveniently. There are also many buses operating along the roads.
The West Coast plaza, with a number of shops, restaurants and entertainment facilities is located close to the planned residential complex. The National University of Singapore located at Clementi is close by, making renting flats easier. Purchasing a flat is the ideal real estate investment for golf lovers as Keppel Golf links, Green Fairways Golf course, Yugi and Sentosa Golf club are near the freehold condo land. Nature lovers can enjoy greenery at the West Coast Park and Green Ridge park. Bike trails in the area include Chestnut Nature park and Bukit Timah MTB trail are suitable for fitness enthusiasts.